BOE Report

Longview Announces First Quarter 2014 Results

CALGARY, May 6, 2014 /CNW/ - Longview Oil Corp. ("Longview" or the "Corporation") (TSX: LNV) announces the financial and operating results for the quarter ended March 31, 2014.         Three months ended         March 31,         2014   2013       Financial ($000, except as otherwise indicated) (1) Sales excluding realized hedging    $   40,841  $   34,327 per share (2)    $   0.87 $ 0.73 per [Read more]

Perpetual Energy Inc. releases first quarter 2014 financial and operating results and reports an increase in its credit facility borrowing base

CALGARY, May 6, 2014 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual" or the "Corporation" or the "Company") is pleased to report its financial and operating results for the three months ended March 31, 2014. Overall, results show significant gains from the comparative period in 2013 and the previous fourth quarter, reflecting both positive operating results and stronger commodity prices.  A complete copy of Perpetual's unaudited interim consolidated financial statements and related [Read more]

Penn West Announces the Renewal of its Bank Facility

CALGARY, May 6, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("PENN WEST" or the "COMPANY") announces that it has closed the renewal of its unsecured, revolving bank facility today. Penn West chose to reduce the borrowing capacity under the renewed facility to an aggregate of $1.7 billion, compared to an aggregate borrowing limit of $3.0 billion under the facility prior to the renewal, as less credit capacity is required under Penn West's long-term plan announced in late 2013. [Read more]

Bellatrix Exploration Ltd. Announces First Quarter 2014 Financial Results

CALGARY, May 6, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces its financial and operating results for the three months ended March 31, 2014. Forward-Looking Statements This press release, including the report to shareholders, contains forward-looking statements.  Please refer to our cautionary language on forward-looking statements and the other matters set forth at the beginning of the management's discussion and analysis (the [Read more]

Connacher Extends May 31, 2014 Credit Facility Renewal Date and Obtains Senior Lender Consent to Covenant Waiver

CALGARY, May 5, 2014 /CNW/ - On May 2, 2014 Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") received unanimous consent from the lenders under the Amended and Restated Senior Secured Revolving Credit Facility (the "Credit Facility") to extend the maturity date from May 31, 2014 to July 31, 2014 and to waive the requirement to comply with Total Consolidated Debt to Total Capitalization Ratio covenant under Credit Facility at March 31, 2014 and June 30, 2014. About [Read more]

Athabasca Oil Corporation Announces Management Change

CALGARY, May 5, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") announces that Matthew Taylor has joined the Company as Vice President Capital Markets & Communications, effective today. Mr. Taylor's principal responsibilities will be the management and implementation of Athabasca's investor relations and communications initiatives and activities. Mr. Taylor's background includes equity research and investment banking at National Bank Financial, GMP [Read more]

Marquee Energy Ltd. announces closing of $20.1 bought deal equity financing

CALGARY, May 2, 2014 /CNW/ - Marquee Energy Ltd. ("Marquee") (TSX-V: MQL) is pleased to announce that it has closed its previously announced bought deal financing of 22,115,650 common shares, including the 15% over-allotment option of 2,884,650 common shares in the capital of Marquee ("Common Shares") at a price of $0.91 per Common Share for total gross proceeds of $20,125,242 (the "Offering"). The Offering was conducted through a syndicate of underwriters co-led by National Bank Financial Inc. [Read more]

NEB Approves Aurora LNG and Oregon LNG Export Licenses

CALGARY, May 1, 2014 /CNW/ - The National Energy Board (NEB or Board) today approved two applications for 25 year natural gas export licences. A licence was approved for Aurora Liquefied Natural Gas Ltd. (Aurora LNG) to export liquefied natural gas (LNG), for a maximum term amount of 849.82 109m3. The export point would be in the vicinity of Prince Rupert, British Columbia at the outlet of the loading arm of a proposed liquefaction terminal. A licence was also approved for Oregon LNG [Read more]

Imperial Completes Sale of Certain Western Canada Conventional Oil and Gas Assets

CALGARY, May 1, 2014 /CNW/ - Imperial Oil Limited announced today the successful completion of its previously announced sale of interests in assets located in Boundary Lake, Cynthia/West Pembina, and Rocky Mountain House in Western Canada to Whitecap Resources Inc. for CA $855 million. As a result of the sale, Imperial will record an after-tax earnings gain of between $475 million and $525 million in the second quarter of 2014. Located in British Columbia and Alberta, these assets produced [Read more]

Whitecap Resources Inc. Announces Closing of Previously Announced Acquisition of Strategic Light Oil Assets and Increases Credit Facilities

CALGARY, May 1, 2014 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has completed its previously announced acquisition of certain strategic light oil assets focused primarily in Whitecap's Pembina Cardium / West Central core area, as well as at Boundary Lake in northeast B.C. and the concurrent disposition of certain Nisku natural gas production and related facilities located in the Pembina area to Keyera Corp. will be closing later today [Read more]