BOE Report

Aux Sable Acquires Additional Long-term Liquids Rich Gas Supplies

CALGARY, March 5, 2014 /CNW/ - Aux Sable Canada LP is pleased to announce it has signed long-term Rich Gas Premium (RGP) agreements with Encana Corporation and Phoenix Duvernay Gas (a joint venture participant of Encana). These agreements provide for up to 195 million cubic feet per day (mmcfd) of rich gas supplies from the emerging Duvernay shale play for connection to a receipt zone in Alberta, starting in July 2014 and continuing through to 2020. "We are very pleased to have reached [Read more]

Canada’s Building Trades Unions eagerly await the approval of the Energy East Pipeline

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OTTAWA, March 5, 2014 /CNW/ - Canada's Building Trades Unions (CBTU) welcomes the filing of the Energy East Project Description with the National Energy Board.  This first formal step brings Canada one step closer to energy security and one step closer to no longer having to rely on foreign oil. Speaking on behalf of CBTU, Canadian Director Robert Blakely said in Edmonton today: "Our membership, half a million strong across the country is looking forward to this project; it is as much of a [Read more]

Kelt increases 2014 capital expenditure budget and announces $122 million equity financing

CALGARY, March 5, 2014 /CNW/ - ("KEL" - TSX) - Kelt Exploration Ltd. ("Kelt" or the "Company") has expanded its capital expenditure budget to $250 million for 2014, up from $130 million. The increased spending is expected to result in the drilling of 35 gross (27.5 net) wells during the year, with the largest increase in the Karr and the Pouce Coupe/Spirit River areas in west central Alberta. Summary of 2014 Forecasted Capital Expenditures (CA$ [Read more]

First Mountain Exploration Ltd. Announces Horizontal Well Results At Atlee Buffalo

CALGARY, March 3, 2014 /CNW/ - First Mountain Exploration Ltd. ("First Mountain" or the "Company") (TSX Venture: FMX) wishes to advise that production testing by the Company in the Atlee Buffalo area of Alberta of the Glauconite formation at its recently drilled horizontal well, FMEL 03HZ ATL-BUFF 14-20-21-5W4M (the "Well"), has been completed and the Well has been placed on production.  First Mountain has an 85% working interest in the Well. The test was conducted over a 93 hour period and [Read more]

Vermilion Energy Inc. Announces 2013 Year-End Summary Reserves and Resource Information

CALGARY, March 3, 2014 /CNW/ - Vermilion Energy Inc. ("Vermilion", the "Company", "We" or "Our") (TSX, NYSE: VET) is pleased to announce summary 2013 year-end reserves and resource information.  The estimates of reserves and resources and other oil and gas information contained in this news release has been estimated by GLJ Petroleum Consultants Ltd. ("GLJ") and prepared in accordance with National Instrument 51-101 "Standards of Disclosure for Oil and Gas Activities" of the Canadian Securities [Read more]

Vermilion Energy Inc. Announces Strong Production and Reserves Growth in 2013

CALGARY, March 3, 2014 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and audited financial results for the fourth quarter and year ended December 31, 2013. HIGHLIGHTS We achieved record average annual production of 41,005 boe/d during 2013, an increase of 8% as compared to 37,803 boe/d in 2012.  Approximately 75% of our year-over-year production growth was achieved organically through continued development [Read more]

Surge acquires 19.8 percent block of Longview Oil Corp. shares

CALGARY, Feb. 28, 2014 /CNW/ - Pursuant to early warning reporting requirements in Canada, Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces that it has acquired ownership and control of 9,300,000 common shares ("Common Shares") of Longview Oil Corp. ("Longview"), representing 19.8 percent of the outstanding Common Shares, at a purchase price of $4.45 per Common Share (the "Block"). The Common Shares were acquired pursuant to a bought deal secondary offering of Common Shares (the [Read more]

Advantage Oil & Gas Ltd. Announces Closing of $94.1 Million Secondary Offering of Longview Common Shares

CALGARY, Feb. 28, 2014 /CNW/ - Advantage Oil & Gas Ltd. (TSX: AAV) ("Advantage") and Longview Oil Corp. (TSX: LNV) ("Longview") announce that Advantage has closed the sale of 21,150,010 common shares of Longview ("Longview Shares") owned by Advantage to a syndicate of underwriters led by RBC Capital Markets and FirstEnergy Capital Corp. and including Scotia Capital Inc., National Bank Financial Inc., CIBC World Markets Inc. and TD Securities Inc., at a price of $4.45 per share for gross [Read more]

Palliser Oil & Gas Corporation Reports 2013 Year End Reserves, Operations Update, and Corporate Update

CALGARY, Feb. 25, 2014 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSXV: PXL) would like to provide information on its oil and gas reserves as of December 31, 2013 and an operations and corporate update. Highlights of Palliser's Year End 2013 Reserves are as follows: Generated one and four year average total proved plus probable finding, development and acquisition ("FD&A") costs of $24.90 and $22.45 respectively per boe including changes in future [Read more]

SilverWillow Energy Corporation announces an update to the estimate of Contingent Resources on the Audet Lands

CALGARY, Feb. 25, 2014 /CNW/ - SilverWillow Energy Corporation ("SilverWillow" or the "Corporation") is pleased to announce an update to its estimate of Contingent Resources and Discovered Bitumen Initially-In-Place following an independent evaluation of the bitumen resources attributable to its oil sands property, the Audet Lands, located approximately 110 km northeast of Fort McMurray, Alberta. Sproule Unconventional Limited ("Sproule") prepared the independent evaluation of the bitumen [Read more]