BOE Report

Elkwater Resources Ltd. Announces Recapitalization Financing and New Management Team

CALGARY, June 25, 2014 /CNW/ - Elkwater Resources Ltd. ("Elkwater" or the "Corporation") (TSX Venture: ELW)  is pleased to announce that it has entered into a definitive reorganization and investment agreement (the "Agreement") with Doug Bailey, Frank Muller, Darrin Drall, Glenn Cartier and Ryan Heath (the "Initial Investor Group") which provides for: (i) a non-brokered private placement of up to an aggregate of approximately $25 million (the "Private Placement"); (ii) the appointment of a new [Read more]

Legacy Oil + Gas Inc. announces deleveraging light oil corporate acquisition and increase to 2014 guidance

CALGARY, June 24, 2014 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (TSX:LEG) is pleased to announce the acquisition (the "Acquisition") of Corinthian Exploration Corp. ("Corinthian"), a private light oil company, and an increase to Legacy's average and exit production guidance for 2014.  The Acquisition represents a further step in enhancing the Company's balance sheet to position the Company for higher production and funds flow from operations growth. SUMMARY OF THE [Read more]

Imperial successfully completes Cold Lake turnaround

Project completed on budget, on schedule and with no lost-time safety incidents CALGARY, June 24, 2014 /CNW/ - Imperial Oil Limited today announced the completion of a major maintenance turnaround at its Cold Lake Mahihkan facilities. "We would like to wholeheartedly congratulate and thank our contractors and employees for completing this major turnaround without a lost-time safety incident," said Zaidah Ibrahim, Imperial Production Manager. Ibrahim added that special recognition goes [Read more]

Black Swan announces Duvernay joint venture

CALGARY, June 23, 2014 /CNW/ - Black Swan Energy Ltd. has recently entered into a joint venture agreement to accelerate development of its Duvernay holdings in the Willesden Green area of Alberta.  Under the agreement, the joint venture partner will drill and complete certain wells and contribute 50% of its land position to earn 50% of Black Swan's working interest in the area.  After completion of the earning, Black Swan will have 27,640 net acres of Duvernay rights. Black Swan continues to [Read more]

Imperial Continues Existing Share Repurchase Program

CALGARY, June 23, 2014 /CNW/ - Imperial Oil Limited today announced it has received final acceptance from the Toronto Stock Exchange for a new normal course issuer bid to continue its existing share repurchase program facility that will expire on June 24, 2014. In December 2002, Imperial introduced a restricted stock unit plan pursuant to which shares may be issued upon vesting. Since there could be a dilution in the percentage ownership levels of shareholders that would result from the issue [Read more]

Sunshine Oilsands Announces Unusual Price/ Turnover Movements and the Resumption of Trading

HONG KONG, June 23, 2014 /CNW/ - This announcement is made at the request of The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). The board of directors (the "Board") of Sunshine Oilsands Ltd. (the "Company"; HKEX: 2012; TSX: SUO) has noted the decreases in the price of the shares ("Shares") of the Company on Friday, 20 June 2014 and an increase in the trading in the trading volume of the Shares. The Board wishes to state that the Board is not aware of any reason for such [Read more]

Toscana Energy Closes Previously Announced Arrangement

CALGARY, June 20, 2014 /CNW/ - Toscana Energy Income Corporation ("Toscana Energy" or the "Company") (TSX: TEI) is pleased to announce that it has closed the previously announced arrangement (the "Arrangement") pursuant to which Toscana Energy acquired all of the class A trust units ("Class A Units") of Toscana Financial Income Trust ("TFIT") for aggregate consideration of 2,071,729 common shares of Toscana Energy ("Common Shares") and all of the issued and outstanding class B trust units of [Read more]

Yangarra Announces Graduation to the Toronto Stock Exchange

CALGARY, June 20, 2014 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Corporation") (TSXV:YGR) announces it has received conditional approval from the Toronto Stock Exchange ("TSX") for its graduation from the TSX Venture Exchange to the TSX.  The approval is subject to acceptance of the filing of final documentation and Yangarra anticipates that its common shares will start trading on the TSX late next week. [Read more]

RockBridge signs to purchase BC producing gas properties

VANCOUVER, June 19, 2014 /CNW/ - RockBridge Resources Inc. ("RockBridge" or the "Company" – TSX-V symbol: RBE) is pleased to announce that it has a signed Offer to Purchase with respect to certain producing gas properties located in northeastern British Columbia. The properties encompass over 7 sections gross of land with the purchase involving non-operated working interests of 9% to 25% in several producing and non-producing wells. The purchase fits within RockBridge's strategy of continued [Read more]

Cequence Energy announces strategic disposition of Ansell Assets to create a well capitalized Montney focused company

CALGARY, June 18, 2014 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce that it has entered into a purchase and sale agreement (the "Agreement") for the sale 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 "Transaction"). The Transaction is expected to close on or about July 7, 2014, subject to the [Read more]