BOE Report

Marquee Energy Ltd. announces closing of $20.1 bought deal equity financing

CALGARY, May 2, 2014 /CNW/ - Marquee Energy Ltd. ("Marquee") (TSX-V: MQL) is pleased to announce that it has closed its previously announced bought deal financing of 22,115,650 common shares, including the 15% over-allotment option of 2,884,650 common shares in the capital of Marquee ("Common Shares") at a price of $0.91 per Common Share for total gross proceeds of $20,125,242 (the "Offering"). The Offering was conducted through a syndicate of underwriters co-led by National Bank Financial Inc. [Read more]

NEB Approves Aurora LNG and Oregon LNG Export Licenses

CALGARY, May 1, 2014 /CNW/ - The National Energy Board (NEB or Board) today approved two applications for 25 year natural gas export licences. A licence was approved for Aurora Liquefied Natural Gas Ltd. (Aurora LNG) to export liquefied natural gas (LNG), for a maximum term amount of 849.82 109m3. The export point would be in the vicinity of Prince Rupert, British Columbia at the outlet of the loading arm of a proposed liquefaction terminal. A licence was also approved for Oregon LNG [Read more]

Imperial Completes Sale of Certain Western Canada Conventional Oil and Gas Assets

CALGARY, May 1, 2014 /CNW/ - Imperial Oil Limited announced today the successful completion of its previously announced sale of interests in assets located in Boundary Lake, Cynthia/West Pembina, and Rocky Mountain House in Western Canada to Whitecap Resources Inc. for CA $855 million. As a result of the sale, Imperial will record an after-tax earnings gain of between $475 million and $525 million in the second quarter of 2014. Located in British Columbia and Alberta, these assets produced [Read more]

Whitecap Resources Inc. Announces Closing of Previously Announced Acquisition of Strategic Light Oil Assets and Increases Credit Facilities

CALGARY, May 1, 2014 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has completed its previously announced acquisition of certain strategic light oil assets focused primarily in Whitecap's Pembina Cardium / West Central core area, as well as at Boundary Lake in northeast B.C. and the concurrent disposition of certain Nisku natural gas production and related facilities located in the Pembina area to Keyera Corp. will be closing later today [Read more]

Penn West Announces its Financial Results for the First Quarter Ended March 31, 2014

CALGARY, May 1, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("PENN WEST", the "COMPANY", "we", "us" or "our") is pleased to announce its results for the first quarter ended March 31, 2014. All figures are in Canadian dollars unless otherwise stated. Three months ended March 31 2014 2013 % change Financial (millions, except per share amounts) Gross revenues [Read more]

ARC Resources Ltd. reports record first quarter results

CALGARY, April 30, 2014 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its first quarter 2014 operating and financial results.  First quarter production averaged a record 105,699 boe per day and funds from operations were a record $292.3 million ($0.93 per share).  ARC's unaudited Condensed Interim Consolidated Financial Statements and Notes, as well as ARC's Management's Discussion and Analysis ("MD&A") for three months ended  March 31, 2014 and 2013, are available on [Read more]

PanTerra Announces Non-Brokered Private Placement

CALGARY, April 30, 2014 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Corporation") is pleased to announce that it plans to complete a non-brokered private placement of up to 10,000,000 units (the "Units") at a price of $0.07 per Unit for total gross proceeds to the Corporation of up to $700,000 (the "Offering"). Each Unit will consist of one common share (a "Common Share") in the capital of the Corporation and one-half of one warrant to purchase a Common Share (a "Warrant").  Each whole [Read more]

Cenovus oil sands production climbs 20% in first quarter

Plans to move forward with Grand Rapids oil sands project Combined oil sands production at Foster Creek and Christina Lake averaged 120,444 barrels per day (bbls/d) net in the first quarter, up 20% from a year earlier. Production at Christina Lake averaged 65,738 bbls/d net in the first quarter, an increase of 48% when compared with the same period a year earlier as phase E approached full production capacity. Foster Creek performed at the upper end of Cenovus's expected production [Read more]

Hawk Announces Changes to Board of Directors

CALGARY, April 29, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") is pleased to announce the appointment of James C. ("Pep") Lough to the Corporation's Board of Directors. Mr. Lough is a retired businessman who has 30 years of experience in senior financial management positions at both public and private oil and gas companies. Mr. Lough was most recently the Chief Financial Officer at Cutpick Energy Inc. and currently serves on the board of directors of two private, Calgary [Read more]