BOE Report

Cequence Energy Announces Closing of Strategic Disposition and Revised Guidance

CALGARY, July 7, 2014 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce that it has completed the previously announced disposition (the "Transaction") of its entire interest in its non-operated assets located in the Ansell area (the "Ansell Assets") for total consideration of approximately $141 million, prior to customary closing adjustments. The Ansell Assets consist of 18,800 net acres of land, 1,600 boepd of current production and a 49% working [Read more]

Sunshine Oilsands Announces Resignation Of Directors

CALGARY, Alberta and HONG KONG, July 6, 2014 /PRNewswire/ -- The board of directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation") (HKEX: 2012; TSX: SUO) announces that Mr. Songning Shen and Mr. Wazir Chand Seth have resigned as non-executive directors of the Corporation with effect from 7 July 2014. Mr. Shen and Mr. Seth have each confirmed that they have no disagreement with the Board and there are no matters relating to their resignation as non-executive directors that need to be [Read more]

SilverWillow Energy Corporation announces staff reductions and updates strategic alternatives process

CALGARY, July 3, 2014 /CNW/ - SilverWillow Energy Corporation ("SilverWillow" or the "Corporation") today announces that its Board of Directors has approved a reduction in staffing levels to align human resources with current levels of activity.  SilverWillow will also take further steps to reduce general and administrative costs; however, the current executive officers of the Corporation will remain in their existing positions. It is anticipated that these measures will allow the Corporation to [Read more]

Twin Butte Energy announces private placement

CALGARY, July 2, 2014 /CNW/ - Twin Butte Energy Ltd. (TSX: TBE) ("Twin Butte") is pleased to announce that it intends to sell by way of private placement up to 1,817,500 common shares at a price of $1.80 per common share (representing the VWAP of the common shares on the TSX for the five trading days ended June 30, 2014) to officers, directors and employees of Twin Butte for total gross proceeds of up to $3.3 million (the "Offering"). Twin Butte will use the proceeds of the Offering for [Read more]

Sunshine Oilsands Ltd.: Appointment Of Non-Executive Director And Independent Non-Executive Director Resignation Of Co-Chairman

CALGARY, Alberta and HONG KONG, June 27, 2014 /CNW/ - The board of directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation") announces that Mr. Songning Shen has resigned as Co-Chairman of the Corporation with effect from 27 June 2014, but shall remain on the Board as a non-executive director. Mr. Shen has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation as Co-Chairman that need to be brought to the attention of the [Read more]

Seven Generations Energy Ltd. Reports Doubled Shipping and Processing Contract Volumes

CALGARY, June 26, 2014 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") is pleased to report that it has reached agreement with Aux Sable Canada LP (Aux Sable) and, separately, with Alliance Pipeline Ltd (Alliance) to double the previously contracted peak rich gas delivery volumes.  Currently, the Company is contracted to deliver 250 MMcf/d of rich gas to Aux Sable's Channahon, Illinois extraction and fractionation facilities through the Alliance pipeline.   The new long-term [Read more]

NEB authorizes 2D seismic survey in Baffin Bay and Davis Strait

CALGARY, June 26, 2014 /CNW/ - The National Energy Board (NEB or Board) has approved a Geophysical Operations Authorization (GOA) application from TGS-NOPEC Geophysical Company ASA (TGS), Petroleum GeoServices (PGS) and Multi Klient Invest AS (MKI) to conduct a 2D offshore seismic survey program (the Project) in Baffin Bay and Davis Strait over five years during the open water season.  MKI will be the Project operator. The Board recognizes the importance of fostering better understanding and [Read more]

Report: Economic impact of Trans Mountain Pipeline Expansion Project flows across Canada

Employment benefits concentrated in British Columbia OTTAWA, June 26, 2014 /CNW/ - The Trans Mountain Pipeline Expansion Project would generate revenues for federal and provincial governments of more than $18.5 billion ($ 2012) between 2012 and 2037, and support over 108,300 person years of employment across the country. The project, which would triple the capacity of the existing pipeline that runs from Edmonton to Burnaby, B.C., would also contribute to a Canadian strategic objective — [Read more]

Enerplus Announces $200 Million Private Placement of Senior Notes

CALGARY, June 26, 2014 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) is pleased to announce that it has entered into agreements for an offering of senior unsecured notes (the "Notes") to be issued on a private placement basis to institutional investors in the United States (the "Private Placement") in an aggregate principal amount of US$200 million. The Notes have a 12 year amortizing term with a ten year average life and a fixed-rate coupon of 3.79%.  The Notes are unsecured [Read more]

Perpetual Energy Inc. Announces $120 Million Joint Venture in the East Edson Area and Gas Over Bitumen Royalty Credit Monetization, Reports Related Significant Positive Reserves Update and Provides Updated Guidance for 2014 and 2015

CALGARY, June 25, 2014 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", or the "Company") is pleased to announce that it has entered into definitive agreements with a joint venture partner (the "JV Partner") for a portion of its lands in the Edson area of West Central Alberta (the "East Edson Property"). The joint venture ("East Edson JV") will significantly accelerate Perpetual's net production and funds flow growth from the East Edson Property. Closing is expected to occur on or before [Read more]