BOE Report

Connacher Announces Q1 2014 Results

CALGARY, May 14, 2014 /CNW/ - Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") announces its financial and operating results for the quarter-ended March 31, 2014 ("Q1 2014") as outlined below (all amounts are in Canadian dollars unless otherwise noted). Q1 2014 Highlights: Connacher's production for Q1 2014 increased by 8% to 13,433 bbl/d (Q1 2013 - 12,406 bbl/d). Production increases were attributable to the Company's four new well pairs at Pad 104 and four infill [Read more]

TORC Oil & Gas Ltd. Announces First Quarter 2014 Financial & Operational Results, Expanded Three Forks/Torquay Budget and Increase to 2014 Guidance

CALGARY, May 14, 2014 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce its financial and operating results for the three month period ended March 31, 2014.  The associated Management's Discussion and Analysis ("MD&A") and unaudited interim financial statements as at and for the quarter ended March 31, 2014 can be found at www.sedar.com and www.torcoil.com. Highlights (in thousands, [Read more]

Advantage Announces First Quarter 2014 Financial and Operating Results

Completed Transition to a Pure Play Montney Producer CALGARY, May 13, 2014 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to report the unconsolidated financial and operating results (excludes Longview Oil Corp. "Longview") for the three months ended March 31, 2014. In the last twelve months, Advantage transitioned into a highly focused pure play Montney producer.  This has contributed to strong first quarter 2014 results which included: 108% increase [Read more]

Cequence Energy Announces First Quarter 2014 Results

CALGARY, May 13, 2014 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce the financial and operating results for the first quarter of 2014. The following are Cequence's financial and operating highlights for the first quarter of 2014: Increased funds flow from operations by 117 percent from the prior year to $23.1 million on the strength of higher production and increased natural gas prices; Corporate operating netbacks increased 62 percent from [Read more]

Twin Butte Energy announces 2014 first quarter financial and operating results and provides an operational update

CALGARY, May 13, 2014 /CNW/ - (TSX: TBE) – Twin Butte Energy Ltd. ("Twin Butte" or  the  "Company") is pleased to report its financial and operational results for the three months ended March 31, 2014. Highlights of Twin Butte's successful first quarter 2014 are as follows: Record average first quarter production of 22,529 boe/d which is up by 31% from first quarter 2013 while increasing the oil and liquids weighting to 91% from 87%. Record first quarter funds flow of $51.4 million, or [Read more]

Yangarra Announces First Quarter 2014 Financial and Operating Results

CALGARY, May 13, 2014 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSXV:YGR) announces its financial and operating results for the three months ended March 31, 2014. First Quarter Highlights Production was 2,796 boe/d (53% oil and NGL's), a 55% increase from the same period in 2013. Oil and gas sales including royalty income were $16.0 million with funds flow from operations of $10.5 million ($0.07 per share - basic). This was a 132% and 119% increase from the same [Read more]

Artek Exploration Ltd. announces increase to bought deal financing from $38 million to $43 million

CALGARY, May 13, 2014 /CNW/ - Artek Exploration Ltd. ("Artek" or the "Corporation") (TSX - RTK) is pleased to announce that, in connection with its previously announced offering of common shares ("Common Shares") and common shares to be issued on a "flow-through" basis ("Flow-Through Shares"), the Corporation and the Underwriters have agreed to increase the size of the offering to an aggregate of 8,050,000 Common Shares at a price of $4.10 per Common Share and 1,987,000 Flow-Through Shares at a [Read more]

Artek Exploration Ltd. announces $38 million bought deal financing

CALGARY, May 13, 2014 /CNW/ - Artek Exploration Ltd. ("Artek" or the "Corporation") (TSX - RTK) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Peters & Co. Limited and including Cormark Securities Inc., National Bank Financial Inc., Clarus Securities Inc., GMP Securities L.P., Raymond James Ltd., FirstEnergy Capital Corp. and Dundee Securities Ltd. (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to [Read more]

Legacy Oil + Gas Inc. announces first quarter 2014 results, record funds generated by operations and increase to borrowing base

CALGARY, May 12, 2014 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (TSX:LEG) is pleased to announce it has filed on SEDAR its audited 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 Legacy's audited financial statements and the related MD&A which are available for review at www.legacyoilandgas.com [Read more]

Valparaiso Energy Inc. Announcement of Signing of Letter Agreement For Asset Purchase

CALGARY, May 12, 2014 /CNW/ - Valparaiso Energy Inc. (the "Corporation") (VPO.H) is pleased to announce that it has signed a letter of intent with a major Canadian exploration and production company to purchase producing legacy oil and gas assets in North Central Alberta (the "Assets"). The purchase agreement is expected to be signed in the near future and the aforementioned purchase is subject to a due diligence review of the Assets by the Corporation, in addition to regulatory, stock exchange [Read more]