BOE Report

Enerplus Announces Increase in Contingent Resource Estimate, Future Drilling Inventory and Improved Well Economics at Fort Berthold

CALGARY, June 18, 2014 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) is pleased to announce that as a result of our operational performance and continued technical assessment, including a detailed analysis of well data within the region, the future outlook of the Fort Berthold Bakken and Three Forks core area has significantly improved. Highlights of our assessment include: Increase in Contingent Resource:  Our internal best estimate of economic contingent resources, as [Read more]

British Columbians support a refinery, new poll says

Greenest Refinery in the World Proposed for British Columbia North Coast VANCOUVER, June 17, 2014 /CNW/ - Today's federal government approval of the Northern Gateway Pipeline brings into focus the need to protect Canada's West Coast from a raw bitumen spill by building a refinery. In a poll released today by Pacific Future Energy Corporation (Pacific Future Energy) over 2/3 of British Columbians expressing an opinion believe that "refining oil in Canada means more value is added and [Read more]

Journey Energy Inc. Files Final Prospectus and Announces Pricing of Initial Public Offering

CALGARY, June 13, 2014 /CNW/ - Journey Energy Inc. ("Journey" or the "Company") is pleased to announce that it has filed a final long form prospectus (the "Prospectus") dated June 12, 2014, with the securities commissions of each of the provinces of Canada in connection with an initial public offering and secondary offering of its common shares (collectively, the "Offering"). The Prospectus qualifies the distribution of 16,500,000 common shares, of which 14,000,000 common shares will be issued [Read more]

Legacy Oil + Gas Inc. announces closing of deleveraging light oil corporate acquisition

CALGARY, June 12, 2014 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (TSX:LEG) has closed the acquisition of Highrock Energy Ltd. ("Highrock") previously announced on May 7, 2014 (the "Acquisition").  Through the Acquisition, Legacy acquired high quality, high netback, light oil assets focused in its southeast Saskatchewan core areas for total consideration of 18.8 million Legacy common shares and assumed estimated net debt of $33.8 million. Highrock's net debt on closing was below [Read more]

Pacific Future Energy Corp. Announces $10-Billion Bitumen Refinery Project for B.C. North Coast

Company will build the world's greenest refinery, a near zero net carbon (NZNC) emission refinery for exporting processed Northern Alberta oil VANCOUVER, June 10, 2014 /CNW/ - Pacific Future Energy Corporation (Pacific Future Energy) announced today its plan to build and operate the world's greenest refinery on British Columbia's north coast. While we believe it's in Canada's national strategic interest to gain access to international markets for Alberta's oil, especially the fast growing [Read more]

Bregal Investments completes the sale of Birchill Exploration Limited Partnership

Energy sector continues to provide increased opportunities for investment NEW YORK, June 6, 2014 /CNW/ - Bregal Investments is pleased to announce the sale of privately held Birchill Exploration Limited Partnership to TriOil Resources Ltd. for total proceeds of approximately CAD$256 million. The transaction was pursuant to a share purchase agreement which closed on June 5, 2014 and included approximately 4,000 boepd of production (40% liquids), 2P reserves of 26.6 million boe and bank debt of [Read more]

Bellatrix Exploration Ltd. Announces Closing of $172.6 Million Bought Deal Financing

CALGARY, June 5, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT:  BXE) is pleased to announce that it has closed its previously announced bought deal offering of 18,170,000 common shares of the Company (the "Common Shares") at a price of $9.50 per Common Share for aggregate gross proceeds of $172,615,000 (the "Offering"). The Common Shares issued pursuant to the Offering included the exercise in full by the underwriters of the over-allotment option.  The [Read more]

Sunshine Oilsands Ltd. Announces Supplemental Report on Reserves Data and Other Oil and Gas Information in Respect of its West Ells Project Area

CALGARY and HONG KONG, June 4, 2014 /CNW/ - Sunshine Oilsands Ltd. ("Sunshine" or the "Corporation") (HKEX: 2012, TSX: SUO) is pleased to announce that it has received a supplemental independent reserves evaluation report (the "Supplemental Report") in respect of those four sections of oil sands lands within its West Ells SAGD project area for which it has obtained initial regulatory approval (the "West Ells Project Area"). The West Ells Project Area is the portion of the larger West Ells [Read more]

Bellatrix Exploration Ltd. Announces Exercise of Over-allotment Option

CALGARY, June 3, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT:  BXE) announces that it has received notice that the underwriters for its recently announced bought deal offering (the "Offering") intend to exercise the over-allotment option in full to purchase an additional 2,370,000 common shares of the Company (the "Common Shares") at a price of $9.50 per Common Share. As a result of the exercise of the over-allotment option, the Company will issue an [Read more]

Longview Announces Annual and Special Meeting Voting Results Including Shareholder Approval of the Plan of Arrangement With Surge Energy Inc.

CALGARY, June 3, 2014 /CNW/ - Longview Oil Corp. ("Longview") is pleased to announce that on June 3, 2014 it held its annual and special meeting of shareholders (the "Meeting"), whereby Longview shareholders approved the previously announced plan of arrangement (the "Arrangement") involving Longview, Surge Energy Inc. and the shareholders of Longview.  A total of 30,084,724 common shares (approximately 63.95% of the outstanding common shares) were represented at the Meeting in person or by [Read more]