BOE Report

Penn West Receives Waiver of Defaults from Noteholders

CALGARY, Aug. 21, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("PENN WEST", the "COMPANY", "we", "us" or "our") announces that, further to its August 12, 2014 announcement, it has now obtained waivers from the holders of its senior unsecured notes (the "Notes") of certain defaults under the Notes arising from matters relating to the decision to restate certain historical financial results and the delay in filing the Company's second quarter 2014 interim filings.  Such defaults [Read more]

PanTerra enters into agreement to acquire additional assets in the Alberta foothills

CALGARY, Aug. 20, 2014 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Corporation") (TSX VENTURE:PRC) is pleased to announce that it has entered into an arm's length purchase and sale agreement dated August 19, 2014 (the "Purchase and Sale Agreement") with a public Canadian oil and gas company to acquire (the "Acquisition") certain petroleum and natural gas assets located in several areas of the Western Canadian foothills, including the Brown Creek, Stolberg, Deanne, Burnt Timber, Moose, [Read more]

Vermilion Energy Inc. Releases 2013 Sustainability Report

CALGARY, Aug. 20, 2014 /CNW/ - Vermilion Energy Inc. ("Vermilion", the "Company", "We" or "Our") (TSX, NYSE: VET) is pleased to announce the release of our first Sustainability Report detailing our efforts to generate environmental, social, and economic benefits for all stakeholders. This inaugural report provided a framework for describing how we approach sustainability in our operations, and to recognize our achievements, detail our challenges and establish targets for progress. "Embedding [Read more]

Sunshine Terminates Strategic Alternatives Review Process

CALGARY, Alberta and HONG KONG, Aug. 18, 2014 /CNW/ -- Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012, TSX: SUO) is pleased to announce that it has formally terminated the strategic alternatives review process that was initiated in August of 2013.  With the securing of financing to recommence construction of the first 5,000 barrels of oil per day phase of the West Ells project, Sunshine's immediate priority is to complete construction, commissioning and startup of steam [Read more]

Seven Generations Energy Ltd. Announces Two New Board Appointments

CALGARY, Aug. 15, 2014 /CNW/ - On behalf of the management team and Board of Directors of Seven Generations Energy Ltd. (the "Company" or "7G"), Mr. Pat Carlson, Chief Executive Officer, is pleased to announce that Mr. W.J. (Bill) McAdam and Mr. Dale Hohm have agreed to join its Board of Directors. Prior to his retirement in 2013, Bill was President and CEO of Aux Sable Canada LP and Aux Sable Liquid Products LP ("Aux Sable") in Canada and the USA. Aux Sable is a midstream gas processing company [Read more]

Advantage Announces Second Quarter 2014 Financial and Operating Results

Record Production at Glacier & Low Costs Drive 81% Increase in Funds from Operations CALGARY, Aug. 14, 2014 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to report its unaudited financial and operating results for the three and six months ended June 30, 2014. Advantage's strong second quarter 2014 results demonstrate the high quality of our Glacier Montney asset and support the Corporation's three year development plan.  During the second quarter, we [Read more]

Cequence Announces Executive Appointment

CALGARY, Aug. 14, 2014 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce the appointment of Todd Brown to the position of Chief Operating Officer.  Mr. Brown is a professional engineer with excellent technical and operational experience as demonstrated in over 20 years in the oil and gas industry.  Mr. Brown has held senior positions at both large and junior producers with a significant portion of his experience being at Encana where he served in a [Read more]

Ivanhoe Energy to Proceed with 7:1 Share Consolidation to Regain Compliance with NASDAQ Listing Requirements

CALGARY, Aug. 14, 2014 /CNW/ - Ivanhoe Energy (TSX: IE) (NASDAQ: IVAN)  announced today that it will proceed with the share consolidation as proposed in the Management Proxy Circular and approved at the Company's special meeting of shareholders on Wednesday August 13, 2014.  Shareholders holding 51% of the Company's outstanding common shares attended the meeting in person or by proxy and 82% of the votes cast were in favour of the resolution. The Company's Board of Directors has selected a share [Read more]

Seven Generations Energy Ltd. announces new reserves report

CALGARY, Aug. 13, 2014 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") is pleased to announce the results of a recent independent Reserves evaluation performed by McDaniel & Associates Consultants Ltd.  ("McDaniel").  McDaniel prepared the evaluation in compliance with the standards set out in National Instrument 51-101 of the Canadian Securities Administrators and the Canadian Oil and Gas Evaluation Handbook (COGEH).  As of the effective date of the most recent assessment, [Read more]

Connacher Announces Q2 2014 Results

CALGARY, Aug. 13, 2014 /CNW/ - Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") announces its financial and operating results for the quarter ended June 30, 2014 ("Q2 2014") (all amounts are in Canadian dollars unless otherwise noted). Q2 2014 Highlights Q2 2014 production increased 18% to 13,689 bbl/d (Q2 2013 - 11,572 bbl/d). Production increases were attributable to the Company's four new well pairs at Pad 104 and four infill wells at Pod One drilled in [Read more]