BOE Report

Whitecap Resources Inc. Closes $500 Million Bought Deal Financing

CALGARY, April 8, 2014 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has completed its previously announced bought deal financing (the "Offering"). Whitecap, through a syndicate of underwriters co-led by National Bank Financial Inc. and TD Securities Inc. and including GMP Securities L.P., Dundee Securities Ltd, RBC Capital Markets, Scotia Capital Inc., CIBC World Markets, FirstEnergy Capital Corp., Macquarie Capital Markets Canada Ltd., [Read more]

Seven Generations Energy Ltd. Acquires 118 Net Sections of Additional Montney Lands

CALGARY, April 7, 2014 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") is pleased to announce that since the beginning of 2014, it has, through several separate purchase and swap transactions, increased its Montney land holdings by a net 118 sections.  The net cost to 7G for these transactions was approximately $29.5 million cash and other consideration.  The acquisitions also include a road accessing 7G's core lands between the Kakwa and Smoky Rivers. 7G's net land holdings [Read more]

Sunshine Oilsands Announces Strategic Financial Plans for Second Quarter of 2014

CALGARY, Alberta and HONG KONG, April 6, 2014 /CNW/ - Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012; TSX: SUO) today announced its strategic financial plans outline for the second quarter of 2014. Strategic and Financial Plans Sunshine's activities in examining strategic and financing alternatives remain ongoing. As a priority, the Corporation is actively progressing focused initiatives to secure financing to recommence construction on its first West Ells 10,000 [Read more]

Seven Generations Announces Closing of C$633 Million Secondary Offering

CALGARY, April 4, 2014 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") announces the closing of a C$633 million secondary offering of common shares by certain of its founding major shareholders (the "Selling  Shareholders") at a price of C$25.00 per share to a group of institutional investors. The Selling Shareholders, which consist of funds managed by ARC Financial, KERN Partners, Natural Gas Partners and ZBI Ventures, continue to hold approximately 31% of the common shares of the [Read more]

Ironhorse Announces Reserve Values for the Pembina Nisku L2L Oil Pool as at December 31, 2013 and Advises of Potential Transportation Disruptions

CALGARY, April 3, 2014 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG). announces that Sproule Associates Limited, has evaluated Ironhorse's primary property, the Pembina Nisku L2L Oil Pool as at December 31, 2013 in accordance with National Instrument 51-101.  Detailed reserves information will be included in Ironhorse's Oil and Gas Annual Disclosure which will be filed on Sedar on or before April 28, 2014.  The summary information that follows has been derived [Read more]

Bellatrix announces the successful commissioning of the Blaze pipeline

CALGARY, April 2, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce that Bellatrix has completed a 1.6 km river bore and a 7 km pipeline in conjunction with Blaze Energy Ltd. ("Blaze") completing a 55 km pipeline to tie-in Bellatrix natural gas for processing in the Blaze gas plant located at 04-31-048-12W5.  Bellatrix has secured firm processing capacity of 100 MMcf/d in the plant.  The pipeline was commissioned on April 1, 2014 [Read more]

Cenovus prepays refining partnership contribution payable

Early payment reduces interest costs CALGARY, April 1, 2014 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has prepaid its US$2.7 billion partnership contribution payable to WRB Refining LP of which Cenovus is a 50% owner. This resulted in a net cash payment of approximately US$1.35 billion from Cenovus. With the creation of WRB Refining in 2007, Cenovus's U.S. partner, Phillips 66, contributed the Wood River and Borger refineries and Cenovus contributed a note payable of US$7.5 billion. [Read more]

Yangarra Grants Stock Options

CALGARY, March 31, 2014 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX-V:YGR) announces stock option grant. Yangarra announces it has granted officers and directors options to purchase 1,420,000 common shares at an exercise price of $0.90 per share, pursuant to its stock option plan. All the options vest over three years and will expire on March 31, 2019. [Read more]

PanTerra Increases Reserves in 2013 & SEDAR Files F1 Report

TSX-V: PRC CALGARY, March 31, 2014 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Company") is pleased to announce that its oil and gas evaluation by the Company's independent engineering firm, Trimble Engineering Associates Ltd for the year ended December 31, 2013, conducted pursuant to National Instrument 51-101 standards of disclosure for oil and gas activities and the Canadian Oil and Gas Evaluation Handbook (COGEH) reserve definitions has increased over last years' reported numbers. [Read more]

Surge and Longview Announce $429 Million Strategic Business Combination

Surge Announces Upward Revision to 2014 Guidance, and 11 Percent Increase in Dividend CALGARY, March 31, 2014 /CNW/ - Surge Energy Inc. (TSX: SGY) ("Surge" or the "Company") and Longview Oil Corp. (TSX: LNV) ("Longview") are pleased to announce today that they have entered into an arrangement agreement, pursuant to which Surge has agreed to acquire all of the issued and outstanding common shares of Longview by way of a plan of arrangement transaction. The proposed transaction results in the [Read more]