BOE Report

Athabasca Oil Corporation Reports First Quarter 2014 Financial and Operating Results

CALGARY, May 8, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") is pleased to report its first quarter 2014 financial and operating results. First quarter highlights: produced an average of 6,299 barrels of oil equivalent per day ("boe/d") with 47% liquids, in line with guidance of 6,000 to 6,500 boe/d; obtained initial results from two Duvernay wells, one well was brought on stream with an established 30-day restricted rate of approximately 750 boe/d with [Read more]

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

CALGARY, May 7, 2014 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (TSX:LEG) is pleased to announce the acquisition of Highrock Energy Ltd. ("Highrock"), a Saskatchewan based private light oil company (the "Acquisition"), and an increase to Legacy's average and exit production guidance for 2014.  The Acquisition represents the first 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]

PanTerra Resource Corp. Announces Recapitalization Financing and New Management Team

CALGARY, May 7, 2014 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Corporation") is pleased to announce that it has entered into a definitive reorganization and investment agreement (the "Agreement") with Tim de Freitas, Dorothy Else, Carrie McLauchlin, Yvonne McLeod, Greg Feltham, Kavanagh Mannas and Bob Quartero (the "Initial Investor Group"), which provides for: (i) a non-brokered private placement of up to an aggregate of approximately $20.0 million (the "Private Placement"); (ii) the [Read more]

Connacher Selects Agent in the Arrangement of US Dollar Equivalent of C$140 million First Lien Term Loan Facility

CALGARY, May 7, 2014 /CNW/ - Calgary, Alberta - Connacher Oil and Gas Limited (TSX: CLL) ("Connacher" or the "Company") has engaged Credit Suisse to act as sole lead arranger and sole bookrunner in the arrangement of a first lien term loan facility in an aggregate principal amount of US dollar equivalent of C$140 million (the "Term Loan Facility"). The Company's intention is to concurrently amend and reduce the existing $95 million amended and restated senior secured revolving credit facility [Read more]

Longview Announces First Quarter 2014 Results

CALGARY, May 6, 2014 /CNW/ - Longview Oil Corp. ("Longview" or the "Corporation") (TSX: LNV) announces the financial and operating results for the quarter ended March 31, 2014.         Three months ended         March 31,         2014   2013       Financial ($000, except as otherwise indicated) (1) Sales excluding realized hedging    $   40,841  $   34,327 per share (2)    $   0.87 $ 0.73 per [Read more]

Perpetual Energy Inc. releases first quarter 2014 financial and operating results and reports an increase in its credit facility borrowing base

CALGARY, May 6, 2014 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual" or the "Corporation" or the "Company") is pleased to report its financial and operating results for the three months ended March 31, 2014. Overall, results show significant gains from the comparative period in 2013 and the previous fourth quarter, reflecting both positive operating results and stronger commodity prices.  A complete copy of Perpetual's unaudited interim consolidated financial statements and related [Read more]

Penn West Announces the Renewal of its Bank Facility

CALGARY, May 6, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("PENN WEST" or the "COMPANY") announces that it has closed the renewal of its unsecured, revolving bank facility today. Penn West chose to reduce the borrowing capacity under the renewed facility to an aggregate of $1.7 billion, compared to an aggregate borrowing limit of $3.0 billion under the facility prior to the renewal, as less credit capacity is required under Penn West's long-term plan announced in late 2013. [Read more]

Bellatrix Exploration Ltd. Announces First Quarter 2014 Financial Results

CALGARY, May 6, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces its financial and operating results for the three months ended March 31, 2014. Forward-Looking Statements This press release, including the report to shareholders, contains forward-looking statements.  Please refer to our cautionary language on forward-looking statements and the other matters set forth at the beginning of the management's discussion and analysis (the [Read more]

Connacher Extends May 31, 2014 Credit Facility Renewal Date and Obtains Senior Lender Consent to Covenant Waiver

CALGARY, May 5, 2014 /CNW/ - On May 2, 2014 Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") received unanimous consent from the lenders under the Amended and Restated Senior Secured Revolving Credit Facility (the "Credit Facility") to extend the maturity date from May 31, 2014 to July 31, 2014 and to waive the requirement to comply with Total Consolidated Debt to Total Capitalization Ratio covenant under Credit Facility at March 31, 2014 and June 30, 2014. About [Read more]

Athabasca Oil Corporation Announces Management Change

CALGARY, May 5, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") announces that Matthew Taylor has joined the Company as Vice President Capital Markets & Communications, effective today. Mr. Taylor's principal responsibilities will be the management and implementation of Athabasca's investor relations and communications initiatives and activities. Mr. Taylor's background includes equity research and investment banking at National Bank Financial, GMP [Read more]