BOE Report

NEB to hear NGTL’s integration asset transfer application

CALGARY, April 22, 2014 /CNW/ - The National Energy Board (NEB or the Board) will hold a public hearing to consider an application filed by NOVA Gas Transmission Ltd. (NGTL) requesting approval for the acquisition of certain assets currently owned by ATCO Gas and Pipelines Ltd. (ATCO Pipelines). The Board is also being asked to approve the sale by NGTL of certain assets to ATCO Pipelines. If approved, the project would include the following asset exchanges: NGTL Transferred Assets, which [Read more]

Connacher Provides Q1 2014 Operational Update, AGM and Conference Call Details

CALGARY, April 21, 2014 /CNW/ - Connacher Oil and Gas Limited (TSX: CLL) ("Connacher" or the "Company") provides the following operational update for the first quarter 2014 ("Q1 2014"). Production and Operations Based on field estimates, Connacher's Great Divide production for Q1 2014 averaged 13,400 bbl/d. Production was 18 per cent higher than the prior quarter (Q4 2013 - 11,400 bbl/d). On March 7, 2014 the Company experienced a natural gas supply pipeline leak at Algar. The Algar plant was [Read more]

Hawk Announces 2013 Annual Results and Filing of Reserves Data

CALGARY, April 17, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces that it has filed on SEDAR its audited annual financial statements, and related management's discussion and analysis. The Corporation also filed its Annual Information Form  for the period ended December 31, 2013 containing the Corporation's Statement of Reserves Data and Other Oil and Gas Information as of December 31, 2013 as mandated by National Instrument 51-101 - Standards of Disclosure for Oil and [Read more]

Athabasca Exercises the Dover Put Option

CALGARY, April 17, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") announces that it has exercised its option to divest its 40% interest in the Dover Commercial Project ("DCP") to Phoenix Energy Holdings Limited ("Phoenix") for cash consideration of $1.32 billion (Cdn.) gross, approximately $1.23 billion (Cdn.) net of closing adjustments. Pursuant to the terms of its February 10, 2010 Put/Call Option Agreement with Phoenix, Athabasca's option to sell was [Read more]

First Mountain Exploration Ltd. announces filing of 2013 financials and reserve data, provides operational update and announces the appointment of a new CFO

CALGARY, April 16, 2014 /CNW/ - First Mountain Exploration Ltd. ("First Mountain" or the "Company") (TSX Venture: FMX) has filed on SEDAR its audited annual financial statements ("Financial Statements") and management's discussion and analysis ("MD&A") for the year ended December 31, 2013.  First Mountain has also filed its reports under section 2.1 of National Instrument 51-101 -Standards of Disclosure for Oil and Gas Activities ("NI 51-101 Filings").  Copies of the Financial Statements, [Read more]

First Nations Alternative to Northern Gateway Pipeline Announced

VANCOUVER, April 14, 2014 /CNW/ - Following a year of feedback from B.C. First Nations communities, Eagle Spirit Energy Holdings Ltd. and the Aquilini Group announced today that they continue to develop an alternative solution to Enbridge's Northern Gateway pipeline proposal. Eagle Spirit Energy's respectful, patient approach has resulted in a B.C. First Nation, the Nee Tahi Buhn near Burns Lake, revoking their support of the Northern Gateway Project. They are now endorsing Eagle Spirit Energy's [Read more]

Perpetual Energy Inc. provides additional information on the prior period restatement of gas over bitumen royalty adjustments

CALGARY, April 14, 2014 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual" or the "Company") is herein providing additional information to further clarify the prior period restatement related to gas over bitumen ("GOB") royalty adjustments described in Perpetual's audited consolidated financial statements and management's discussion and analysis for the year ended December 31, 2013. The Company's consolidated financial statements for the year ended December 31, 2013 included a restatement [Read more]

Mountainview Energy Ltd. announces significant 2013 year end reserves growth

CUT BANK, MT, April 14, 2014 /CNW/ - Mountainview Energy Ltd. ("Mountainview" or "the Company") (TSXV: MVW)  is  pleased to  announce significant 2013 year end reserve growth, highlighting success at the 12 Gage Three Forks  play, for the year ended December 31, 2013. Selected reserve information is outlined below and should be read in conjunction with Mountainview's upcoming audited financial statements and related management discussion and analysis, which will be made available for review [Read more]

Palliser Oil & Gas Corporation announces strategic review and appointment of financial advisor

CALGARY, April 10, 2014 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSXV:PXL) announces that in light of operational challenges and financial constraints facing the Company, the board of directors of Palliser (the "Board") is conducting a strategic review of the Company's business plan to identify appropriate actions for the Company. The strategic review is examining and considering the alternatives available to the Company with a view to enhancing shareholder [Read more]

Oil and Gas Markets Still Responding to Dramatic Changes, says NEB Report

CALGARY, April 10, 2014 /CNW/ - Today the National Energy Board (NEB or the Board) released its Canadian Pipeline Transportation Report 2014 (Transportation Report). This energy market assessment provides information about the major pipelines regulated by the Board, and assesses the economic functioning of the pipeline transportation system. The Transportation Report highlights how Canada's pipeline system has been impacted by the dramatic shifts in oil and gas markets over the last eight [Read more]