BOE Report

Athabasca Exercises the Dover Put Option

CALGARY, April 17, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") announces that it has exercised its option to divest its 40% interest in the Dover Commercial Project ("DCP") to Phoenix Energy Holdings Limited ("Phoenix") for cash consideration of $1.32 billion (Cdn.) gross, approximately $1.23 billion (Cdn.) net of closing adjustments. Pursuant to the terms of its February 10, 2010 Put/Call Option Agreement with Phoenix, Athabasca's option to sell was [Read more]

First Mountain Exploration Ltd. announces filing of 2013 financials and reserve data, provides operational update and announces the appointment of a new CFO

CALGARY, April 16, 2014 /CNW/ - First Mountain Exploration Ltd. ("First Mountain" or the "Company") (TSX Venture: FMX) has filed on SEDAR its audited annual financial statements ("Financial Statements") and management's discussion and analysis ("MD&A") for the year ended December 31, 2013.  First Mountain has also filed its reports under section 2.1 of National Instrument 51-101 -Standards of Disclosure for Oil and Gas Activities ("NI 51-101 Filings").  Copies of the Financial Statements, [Read more]

First Nations Alternative to Northern Gateway Pipeline Announced

VANCOUVER, April 14, 2014 /CNW/ - Following a year of feedback from B.C. First Nations communities, Eagle Spirit Energy Holdings Ltd. and the Aquilini Group announced today that they continue to develop an alternative solution to Enbridge's Northern Gateway pipeline proposal. Eagle Spirit Energy's respectful, patient approach has resulted in a B.C. First Nation, the Nee Tahi Buhn near Burns Lake, revoking their support of the Northern Gateway Project. They are now endorsing Eagle Spirit Energy's [Read more]

Perpetual Energy Inc. provides additional information on the prior period restatement of gas over bitumen royalty adjustments

CALGARY, April 14, 2014 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual" or the "Company") is herein providing additional information to further clarify the prior period restatement related to gas over bitumen ("GOB") royalty adjustments described in Perpetual's audited consolidated financial statements and management's discussion and analysis for the year ended December 31, 2013. The Company's consolidated financial statements for the year ended December 31, 2013 included a restatement [Read more]

Mountainview Energy Ltd. announces significant 2013 year end reserves growth

CUT BANK, MT, April 14, 2014 /CNW/ - Mountainview Energy Ltd. ("Mountainview" or "the Company") (TSXV: MVW)  is  pleased to  announce significant 2013 year end reserve growth, highlighting success at the 12 Gage Three Forks  play, for the year ended December 31, 2013. Selected reserve information is outlined below and should be read in conjunction with Mountainview's upcoming audited financial statements and related management discussion and analysis, which will be made available for review [Read more]

Palliser Oil & Gas Corporation announces strategic review and appointment of financial advisor

CALGARY, April 10, 2014 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSXV:PXL) announces that in light of operational challenges and financial constraints facing the Company, the board of directors of Palliser (the "Board") is conducting a strategic review of the Company's business plan to identify appropriate actions for the Company. The strategic review is examining and considering the alternatives available to the Company with a view to enhancing shareholder [Read more]

Oil and Gas Markets Still Responding to Dramatic Changes, says NEB Report

CALGARY, April 10, 2014 /CNW/ - Today the National Energy Board (NEB or the Board) released its Canadian Pipeline Transportation Report 2014 (Transportation Report). This energy market assessment provides information about the major pipelines regulated by the Board, and assesses the economic functioning of the pipeline transportation system. The Transportation Report highlights how Canada's pipeline system has been impacted by the dramatic shifts in oil and gas markets over the last eight [Read more]

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]