BOE Report

Artek Exploration Ltd. announces closing of bought deal equity financing

CALGARY, June 3, 2014 /CNW/ - Artek Exploration Ltd. ("Artek" or the "Corporation") (TSX: RTK) is pleased to announce the closing of its recently announced bought deal financing for aggregate gross proceeds of approximately $43 million.  An aggregate of 8,050,000 common shares of the Corporation were issued at a price of $4.10 per common share and 1,987,000 common shares of the Corporation were issued on a "flow-through" basis within the meaning of the Income Tax Act (Canada) at a price of $5.04 [Read more]

NEB Releases Expectations for Oil and Gas Industry on Improving Safety Culture

CALGARY, June 2, 2014 /CNW/ - The National Energy Board (NEB), along with the Canada Nova Scotia Offshore Petroleum Board and the Canada-Newfoundland and Labrador Offshore Petroleum Board, is taking additional steps to improve safety in the oil and gas industry with the release of a joint statement and framework on Safety Culture. The final paper, titled, "Advancing Safety in the Oil and Gas Industry: Statement on Safety Culture," outlines the NEB's expectations of regulated companies to build [Read more]

PanTerra Resource Corp. Announces First Quarter Financial and Operating Results

TSX Venture Exchange: PRC CALGARY, May 30, 2014 /CNW/ - PanTerra Resource Corp.("PanTerra" or the "Corporation") has filed today on SEDAR its unaudited condensed interim financial statements and related management's discussion and analysis ("MD&A) for the three months ended March 31, 2014. The financial statements and MD&A will be available for review at www.sedar.com. On May 22, 2014, the Corporation completed a non-brokered private placement of $20 million and appointed a new [Read more]

Mountainview Energy Ltd. Announces 2014 First Quarter Financial Results

CUT BANK, MT, May 30, 2014 /CNW/ - Mountainview Energy Ltd. ("Mountainview" or the "Company") (TSXV: MVW) is pleased to announce its operating and financial results for the three months ended March 31, 2014. Certain selected quarterly financial and operational information is outlined below and should be read in conjunction with Mountainview's reviewed unaudited interim consolidated financial statements and management's discussion and analysis ("MD&A") for the three months ended March 31, [Read more]

Seven Generations Energy Ltd. Reports First Quarter Results

CALGARY, May 29, 2014 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") is pleased to report its first quarter 2014 operating and financial results.  First quarter production averaged a record 20,231 boe per day and funds from operations also set a record at nearly $54 million.  Year over year first quarter production more than tripled from the first quarter of 2013, including a 75% increase from the fourth quarter of 2013.  The Company drilled 10 wells in the quarter with a 100% [Read more]

Advantage Announces Increase in Credit Facility to $400 Million

(TSX: AAV, NYSE: AAV) CALGARY, May 29, 2014 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") announced today that its lenders have increased the Corporation's borrowing base from $300 million to $400 million following the completion of their annual review. Significant growth in Glacier's proven developed producing reserves combined with the recent production increase to approximately 135 mmcfe/d were key factors in the borrowing base expansion. The borrowing base [Read more]

NEB releases decision on abandonment funding set-aside and collection mechanism

CALGARY, May 29, 2014 /CNW/ - The National Energy Board (NEB or the Board) today announced its decision on NEB-regulated pipeline companies' set-aside and collection mechanism applications (MH-001-2013). The purpose of these mechanisms is to provide money to pay for pipeline abandonment. By 1 January 2015, NEB-regulated pipeline companies must have a set-aside mechanism in place to begin accumulating funds to pay for pipeline abandonment. Most pipeline companies must establish a trust or [Read more]

Madalena Announces First Quarter 2014 Financial Results and Outlook

TSXV Trading Symbol: MVN OTC Trading Symbol: MDLNF CALGARY, May 29, 2014 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTC: MDLNF) is pleased to announce the filing on SEDAR of the unaudited interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2014. Selected financial and operational information is outlined below and should be read in conjunction with Madalena's unaudited [Read more]

Palliser Oil & Gas Corporation Reports Q1 2014 Financial and Operating Results

CALGARY, May 28, 2014 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE:PXL) wishes to report financial and operating results for the three months ended March 31, 2014. Certain selected financial and operational information is set out below and should be read in conjunction with Palliser's financial statements complete with the notes to the financial statements and related MD&A which is expected to be available at www.sedar.com and the Company's website at [Read more]

Yoho Resources Inc. Moves Forward on Duvernay Play with Active Drilling Program in Q2 and Announces Fiscal Q2 2014 Financial Results

CALGARY, May 28, 2014 /CNW/ - Yoho Resources Inc. ("Yoho" or the "Company") has filed today on SEDAR the financial statements for the six months ended March 31, 2014 and the related managements' discussion and analysis ("MD&A").  Copies of these documents may be found on www.sedar.com. Highlights During fiscal Q2 2014, Yoho completed a transaction to sell its assets (the "Asset Sale") at Nig, British Columbia to Storm Resources Ltd. ("Storm") for total consideration of $86.9 million, [Read more]