BOE Report

Bellatrix Announces that Grafton has elected to increase their committed capital investment by an additonal $50 million, for a total commitment of $250 million

CALGARY, April 10, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce that Grafton Energy Co. I Ltd. ("Grafton") has elected to exercise their option to increase their committed capital investment by an additional $50 million, for a total commitment of $250 million, on the same terms and conditions as the previously announced Joint Venture. Grafton's increased capital investment will continue to support the accelerated development [Read more]

Pinecrest Energy Inc. Announces its December 31, 2013 Year End Results and 2013 Year End Reserves

CALGARY, April 9, 2014 /CNW/ - Pinecrest Energy Inc. ("Pinecrest" or the "Company") announces it has filed on SEDAR its audited annual financial statements, related Management's Discussion and Analysis ("MD&A") and Annual Information Form for the year ended December 31, 2013.  The statements will be available for review at www.sedar.com or www.pinecrestenergy.com. December 31 Three months ended Year ended 2013 2012 2013 2012 FINANCIAL Petroleum and [Read more]

Surge exceeds 2014 exit rate; announces large new crude oil discovery; upward revision to 2014 exit rate

CALGARY, April 8, 2014 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (SGY: TSX) announced today that, based upon better than anticipated first quarter 2014 development drilling results, a large new crude oil discovery in SW Saskatchewan, and excellent results from several of the Company's ongoing waterflood projects, Surge has already exceeded the Company's 2014 year end production exit rate. Accordingly, Surge is now revising upward the Company's 2014 year end production estimate from [Read more]

Whitecap Resources Inc. Closes $500 Million Bought Deal Financing

CALGARY, April 8, 2014 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has completed its previously announced bought deal financing (the "Offering"). Whitecap, through a syndicate of underwriters co-led by National Bank Financial Inc. and TD Securities Inc. and including GMP Securities L.P., Dundee Securities Ltd, RBC Capital Markets, Scotia Capital Inc., CIBC World Markets, FirstEnergy Capital Corp., Macquarie Capital Markets Canada Ltd., [Read more]

Seven Generations Energy Ltd. Acquires 118 Net Sections of Additional Montney Lands

CALGARY, April 7, 2014 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") is pleased to announce that since the beginning of 2014, it has, through several separate purchase and swap transactions, increased its Montney land holdings by a net 118 sections.  The net cost to 7G for these transactions was approximately $29.5 million cash and other consideration.  The acquisitions also include a road accessing 7G's core lands between the Kakwa and Smoky Rivers. 7G's net land holdings [Read more]

Sunshine Oilsands Announces Strategic Financial Plans for Second Quarter of 2014

CALGARY, Alberta and HONG KONG, April 6, 2014 /CNW/ - Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012; TSX: SUO) today announced its strategic financial plans outline for the second quarter of 2014. Strategic and Financial Plans Sunshine's activities in examining strategic and financing alternatives remain ongoing. As a priority, the Corporation is actively progressing focused initiatives to secure financing to recommence construction on its first West Ells 10,000 [Read more]

Seven Generations Announces Closing of C$633 Million Secondary Offering

CALGARY, April 4, 2014 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") announces the closing of a C$633 million secondary offering of common shares by certain of its founding major shareholders (the "Selling  Shareholders") at a price of C$25.00 per share to a group of institutional investors. The Selling Shareholders, which consist of funds managed by ARC Financial, KERN Partners, Natural Gas Partners and ZBI Ventures, continue to hold approximately 31% of the common shares of the [Read more]

Ironhorse Announces Reserve Values for the Pembina Nisku L2L Oil Pool as at December 31, 2013 and Advises of Potential Transportation Disruptions

CALGARY, April 3, 2014 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG). announces that Sproule Associates Limited, has evaluated Ironhorse's primary property, the Pembina Nisku L2L Oil Pool as at December 31, 2013 in accordance with National Instrument 51-101.  Detailed reserves information will be included in Ironhorse's Oil and Gas Annual Disclosure which will be filed on Sedar on or before April 28, 2014.  The summary information that follows has been derived [Read more]

Bellatrix announces the successful commissioning of the Blaze pipeline

CALGARY, April 2, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce that Bellatrix has completed a 1.6 km river bore and a 7 km pipeline in conjunction with Blaze Energy Ltd. ("Blaze") completing a 55 km pipeline to tie-in Bellatrix natural gas for processing in the Blaze gas plant located at 04-31-048-12W5.  Bellatrix has secured firm processing capacity of 100 MMcf/d in the plant.  The pipeline was commissioned on April 1, 2014 [Read more]

Cenovus prepays refining partnership contribution payable

Early payment reduces interest costs CALGARY, April 1, 2014 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has prepaid its US$2.7 billion partnership contribution payable to WRB Refining LP of which Cenovus is a 50% owner. This resulted in a net cash payment of approximately US$1.35 billion from Cenovus. With the creation of WRB Refining in 2007, Cenovus's U.S. partner, Phillips 66, contributed the Wood River and Borger refineries and Cenovus contributed a note payable of US$7.5 billion. [Read more]