BOE Report

Penn West Announces Management-Initiated Internal Review of Accounting Practices and Decision to Restate Certain Historical Financial Statements

No impact on previously disclosed cash and debt balances Penn West anticipates possible delay in reporting second quarter financial results CALGARY, July 29, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("PENN WEST", the "COMPANY", "we", "us" or "our") announced today that the Audit Committee of the Company's Board of Directors is conducting a voluntary, internal review of certain of the Company's accounting practices. While this review is not yet completed, the Board of [Read more]

Marquee Energy Ltd. announces corporate update

CALGARY, July 29, 2014 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") (OTCQX: MQLXF) is pleased to announce an operations update and the renewal of its credit facility. Marquee has entered into a syndicated credit facility agreement with two Canadian Chartered banks that provides a total credit availability of $95 million, comprised of a revolving and operating facility of up to $80 million, plus an acquisition facility of up to $15 million. The Company's net debt at [Read more]

Athabasca Oil Corporation Provides Clarification on the Closing of the Dover Put Transaction

CALGARY, July 28, 2014 /CNW/ - In light of recent market speculation and investor queries Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") is providing clarification on the status of the transaction relating to the Dover Put Option, which it exercised on April 17, 2014. The Company confirms that it continues to work with Phoenix Energy Holdings Limited to close the transaction in accordance with the terms of the Put/Call Option Agreement. Athabasca will update the market on [Read more]

Hawk Announces Conversion of Class B Shares

CALGARY, July 24, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces that, effective July 31, 2014, all of the Corporation's issued and outstanding Class B Shares will be automatically converted to Class A Shares of the Corporation with a conversion ratio of ten Class A Shares for each Class B Share so converted, in accordance with the terms of the Class B Shares. As of the date hereof, Hawk has 1,080,000 issued and outstanding Class B Shares and 34,775,952 issued and [Read more]

RockBridge company update

VANCOUVER, July 24, 2014 /CNW/ - RockBridge Resources Inc. ("RockBridge" or the "Company" – TSXV symbol: RBE) is pleased to provide this update on its recent activities. RockBridge has a signed Offer to Purchase for certain producing gas properties located in northeastern British Columbia, subject to customary conditions including due diligence, signing a formal purchase agreement and regulatory approval. The Company is well into the due diligence process and the purchase is expected to close [Read more]

Hydrocarbon Exploration and Development: Quebec Should Draw its Inspiration from the Alberta Model in Order to Strike a Balance between Development and Protecting the Public

MONTREAL, July 23, 2014 /CNW Telbec/ - The Federation of Chambers of Commerce of Quebec (FCCQ), together with a dozen prominent representatives of Quebec's business community, civil society and municipal sector, participated in a three-day study tour of Alberta's hydrocarbon industry. During the tour, participants visited industries involved in oil and gas exploration and development and met with Alberta's regulatory body, entrepreneurs, farmers and public decision makers who all expressed their [Read more]

Perpetual Energy Inc. Announces Closing of Previously Announced Senior Unsecured Notes Offering and Notice of Redemption of 7.25% Subordinated Convertible Debentures

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, July 23, 2014 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual" or the "Corporation") is pleased to announce the closing of its offering of C$125 million aggregate principal amount of 8.75% Senior Unsecured Notes due July 23, 2019 (the "Notes") at par (the "Offering"). The Notes were offered in each Province of Canada on a private placement basis through a syndicate of underwriters [Read more]

Sunshine Oilsands Ltd. Announces Sale of Non-Core Assets and Appointment of Interim Chief Financial Officer

CALGARY, Alberta and HONG KONG, July 21, 2014 /CNW/ -- Sale of Non-Core Assets This announcement is made in accordance with the Inside Information Provision under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Hong Kong Listing Rules"). The board of directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation"; HKEX: [Read more]

LGX Oil + Gas Inc. announces stock option grant

CALGARY, July 21, 2014 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV:OIL) announces that it has granted a total of 3,697,500 stock options to directors, officers, employees and consultants of the Company pursuant to the Company's stock option plan.  The options are exercisable at a price of $0.48 per share.  The options have a five-year term and vest as to one third each year following the date of grant. Following this grant LGX has 7,158,000 stock options outstanding. LGX is a [Read more]

PrairieSky Royalty Announces First Interim Period Results and Declares July Dividend

(All figures are in Canadian dollars) CALGARY, July 21, 2014 /CNW/ - PrairieSky Royalty Ltd. ("PrairieSky") (TSX:PSK) is pleased to announce its interim period results for the 35 day period ended June 30, 2014. PrairieSky commenced active operations on May 27, 2014 following the acquisition of its royalty business from Encana Corporation ("Encana"), and completed its initial public offering on May 29, 2014. Highlights Funds from operations was $31.0 million, or $0.24 adjusted per [Read more]