BOE Report

Seven Generations Energy Ltd. Reports Second Quarter Results

CALGARY, Sept. 3, 2014 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") is pleased to report its second quarter 2014 operating and financial results.  Second quarter production averaged a record 23,999 boe/d, an increase of 288% from the second quarter of 2013, and funds from operations also set a record at $66 million.  Second quarter net income for 2014 was $44 million or $0.41 per share on a fully diluted basis. In the second quarter of 2014, Mr. Marty Proctor joined 7G as [Read more]

Teine Energy Ltd. announces proposed private offering of senior unsecured notes

CALGARY, Sept. 3, 2014 /CNW/ - Teine Energy Ltd. ("Teine") announced today that it is planning to commence, subject to market and other conditions, a private offering of US$350 million in aggregate principal amount of senior unsecured notes due in 2022. Teine intends to use the net proceeds from this offering to repay all outstanding indebtedness under, and retire, its second lien term loan facility (including a 1% prepayment premium), to repay outstanding borrowings under its revolving credit [Read more]

Bellatrix appoints Charles R. Kraus as Vice President, General Counsel and Corporate Secretary

CALGARY, Sept. 3, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce the appointment of Charles R. Kraus as Vice President, General Counsel and Corporate Secretary effective September 2, 2014. Mr. Kraus is a Canadian and U.S. qualified lawyer, and joins Bellatrix from another Calgary-based oil and gas exploration and development company where he was an executive officer and the general counsel for the past 3 years. Prior thereto, [Read more]

Pembina Pipeline Corporation To Acquire Vantage Pipeline and an Interest in Associated Assets For US$650 Million

Acquisition of Bakken ethane pipeline adds additional fee-for-service pipeline infrastructure to Pembina's portfolio and establishes new growth platform CALGARY, Sept. 2, 2014 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has entered into agreements to acquire the Vantage pipeline system ("Vantage") and Mistral Midstream Inc.'s ("Mistral") interest in the Saskatchewan Ethane Extraction Plant ("SEEP") for total [Read more]

Sunshine Oilsands Announces Management Changes

CALGARY, Alberta and HONG KONG, Sept. 1, 2014 /CNW/ -- The Board of Directors of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012, TSX: SUO) has accepted the resignation of Mr. David Sealock as Interim President and CEO, effective immediately.  As Executive Chairman of Sunshine, Mr. Michael Hibberd has assumed direct responsibility for all CEO tasks and functions.  The Board of Directors warmly thanks Mr. Sealock for his significant contribution to managing Sunshine through [Read more]

Ironhorse Announces Q2 2014 Financial and Operating Results

CALGARY, Aug. 29, 2014 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) announces its financial and operating results for the three and six months ended June 30, 2014 and provides an operational update on activities to date this year as well as an outlook for the remainder of 2014. Financial and Operation Summary The Company's working capital position has remained strong at $2.3 million at June 30, 2014, compared with $2.2 million at March 31, 2014. Although [Read more]

Hawk announces closing of asset acquisition

CALGARY, Aug. 29, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces today that it has closed its previously announced acquisition of certain petroleum and natural gas assets in the plains region of Alberta and Saskatchewan from TriHawk Energy Ltd. and certain other parties. About Hawk Hawk is an emerging exploration company engaged in the exploration, development and production of conventional crude oil and natural gas in western Canada and is based in Calgary, [Read more]

Athabasca Oil Corporation Announces Closing of the Dover Transaction

CALGARY, Aug. 29, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") announces that it has closed the sale of its 40% interest in the Dover oil sands project to Phoenix Energy Holdings Limited ("Phoenix"), a wholly owned subsidiary of PetroChina International Investment Limited, for net proceeds of $1,184 million. At closing, Athabasca received a cash payment of $600 million, in addition to three interest bearing promissory notes (the "Promissory Notes") issued by [Read more]

Pinecrest Energy Inc. announces its second quarter 2014 results

CALGARY, Aug. 27, 2014 /CNW/ - Pinecrest Energy Inc. ("Pinecrest" or the "Company") announces that it has filed on SEDAR its unaudited financial statements and related Management's Discussion and Analysis ("MD&A") for the three and six month period ended June 30, 2014.  The statements will be available for review at www.sedar.com or www.pinecrestenergy.com. June 30 Three months ended Six months [Read more]

Hawk announces granting of incentive stock options

CALGARY, Aug. 27, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces that it has granted a total of 1,455,000 options to directors, officers, employees and consultants, of which 1,315,000 were granted to directors and executive officers. Each option entitles the holder the right to acquire one Class A Share of the Corporation at an exercise price of $0.41 per Class A Share and expires ten years from the date of issue. The options vest equally over a three year period on [Read more]