BOE Report

Palliser Oil & Gas Corporation Reports 2013 Financial and Operating Results

CALGARY, April 29, 2014 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSXV: PXL) wishes to report financial and operating results for the three months and year ended December 31, 2013. 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 [Read more]

Vermilion Energy Inc. Completes Acquisition of Southeast Saskatchewan Assets

CALGARY, April 29, 2014 /CNW/ - Vermilion Energy Inc. ("Vermilion", the "Company", "We" or "Our") (TSX, NYSE: VET) is pleased to announce that we have completed our acquisition of Elkhorn Resources Inc. for total consideration of approximately $427 million.  Total consideration comprised the assumption of an estimated $42 million of debt, $180 million of cash, and the issuance of 2.8 million common shares of Vermilion valued at approximately $205 million (based on the closing price per Vermilion [Read more]

Progress Energy Canada and Pacific NorthWest LNG welcome fourth buyer to British Columbia LNG export project

Momentum for Canadian-led LNG export sector continues to build CALGARY, April 29, 2014 /CNW/ - Progress Energy Canada Ltd. (Progress Energy), Pacific NorthWest LNG Ltd. (PNW LNG) and Petroliam Nasional Berhad (PETRONAS) have signed transaction agreements whereby China Petrochemical Corporation (SINOPEC), through its affiliates, will acquire a 15 percent interest in Progress Energy's LNG-destined natural gas reserves in northeast British Columbia and in the proposed PNW LNG export facility on [Read more]

Cequence Energy achieves record production of 14,000 boepd

CALGARY, April 24, 2014 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to report that estimated daily production volumes have reached a record of 14,000 boepd during the second half of April following the startup of the Ansell facility and completion of its winter capital program. Simonette At Simonette, the final two wells of the Company's Montney winter drilling program were completed and are producing with much higher liquid yields than average wells of the [Read more]

NEB Releases Final Audit Reports on TransCanada Pipelines Management Program

CALGARY, April 24, 2014 /CNW/ - The National Energy Board (NEB or the Board) today released the final reports detailing its audit of TransCanada PipeLines Limited's (TransCanada) Safety Management, Emergency Management, Environmental Protection, Third Party Crossings and Public Awareness programs. The Board finds that TransCanada has identified the majority, and most significant, of its hazards and risks, however there are areas where the company was found to be out of compliance. TransCanada [Read more]

Ferus Natural Gas Fuels Acquires Encana’s Share in Alberta LNG Plant

Opening in May 2014, the plant will play a key role in supplying low-cost, clean-burning LNG fuel to Western Canada's high horsepower industries. CALGARY, Alberta, April 24, 2014 /CNW/ - Ferus Natural Gas Fuels, Inc. (Ferus NGF), a North American leader in LNG and CNG fueling solutions, today announced it has completed the purchase of Encana Corporation's 50 percent interest in the Elmworth, Alberta 190,000-litre per day liquefied natural gas ("LNG") production facility, retaining key Encana [Read more]

Irving Oil Completes Voluntary Conversion of its Crude Oil Railcar Fleet

SAINT JOHN, April 23, 2014 /CNW/ - Irving Oil confirmed today that it has completed the conversion of its proprietary fleet of crude oil railcars to the Association of American Railroads' (AAR) recommended specifications for DOT-111 railcars constructed after October 1, 2011. In February, Irving Oil announced it would voluntarily remove its older-model railcars from service no later than April 30, 2014. The completion of the fleet upgrade supports Transport Canada's announcement [Read more]

Nexen Energy ULC introduces Fang Zhi as new CEO

CALGARY, April 23, 2014 /CNW/ - Following a 20-year career with Nexen, highlighted by overseeing the acquisition of the company by CNOOC Limited, Kevin Reinhart is departing from his role as Chief Executive Officer (CEO) of Nexen Energy ULC, a wholly-owned subsidiary of CNOOC Limited. "On behalf of CNOOC Limited and the Nexen organization, I want to thank Kevin for his contributions to Nexen and wish him all the best in his future endeavours," said Mr. Li Fanrong, CEO of CNOOC [Read more]

Yangarra announces $25 million bought deal financing

CALGARY, April 23, 2014 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Corporation") (TSXV:YGR) announces  it has entered into an equity financing agreement, on a bought deal basis, led jointly by AltaCorp Capital Inc. and Clarus Securities Inc., with AltaCorp Capital Inc. as sole book-runner.  The full syndicate also includes Dundee Capital Markets, Acumen Capital Finance Partners Limited, Industrial Alliance Securities Inc. and Paradigm Capital Inc. (collectively, the [Read more]

Ironhorse Announces 2013 Fourth Quarter and Year End Results

CALGARY, April 22, 2014 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSXV: IOG) announces its fourth quarter and full year 2013 financial and operating results and year-end reserves information. The Company's year-end reserves evaluation with the effective date of December 31, 2013 was prepared by GLJ Petroleum Consultants Ltd. and Sproule Associates Limited in accordance with definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook [Read more]