BOE Report

Production Casing set on Softrock’s Spirit River Farmout

CALGARY, Feb. 18, 2014 /CNW/ - Nick Taylor, CEO of Softrock Minerals Ltd, is pleased to announce that the Farmor has set production casing on its first well on Softrock (TSX-V SFT) and Greencastle's (TSX-V VGN) jointly owned  640 acre Alberta Crown lease after reaching a total measured depth of 3006 meters with the last 1420 meters being lateral (horizontal) in the Charlie Lake formation. In the next few weeks the farmor expects to frac and complete the well which would earn it a 100% working [Read more]

Irving Oil Announces Voluntary Conversion of Crude Oil Railcar Fleet

Irving Oil fleet conversion to be completed by April 30 and supplier adherence by year-end SAINT JOHN, NB, Feb. 17, 2014 /CNW/ - Irving Oil announced today that by April 30, 2014, it will complete 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.  This will require the voluntary removal of older-model railcars from service.  The AAR specifications [Read more]

Surge Energy closes previously announced core area light oil acquisition, conversion of subscription receipts, upwardly revised guidance and increased dividend

CALGARY, Feb. 14, 2014 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announced that it has closed the previously announced acquisition (the "Acquisition") of a high quality, low decline, operated, light oil producing asset strategically located in the Company's core area of Southeast Saskatchewan (the "Assets"). The Assets include an estimated annualized 1,250 boepd (97 percent oil) of high netback light crude oil production. The purchase price for the Assets was $109 [Read more]

Cenovus oil sands production increases 14% in 2013

Proved bitumen reserves up 8% Combined oil sands production at Foster Creek and Christina Lake averaged almost 103,000 barrels per day (bbls/d) net in 2013, up 14% from 2012. Production at Christina Lake increased 55% to more than 49,000 bbls/d net in 2013. Christina Lake phase D reached full capacity in 2013, about six months after first production. Phase E is expected to achieve full capacity in the first quarter of 2014. Foster Creek production averaged more than 53,000 bbls/d net in [Read more]

Statement by Nawar Alsaadi on the Pending Unsolicited Buyout Offer for Longview Oil Corp.

VANCOUVER, Feb. 11, 2014 /CNW/ - As a result of the publicly announced unsolicited buyout offer for Longview Oil Corp. ("Longview") on February 10, 2014, and the subsequent disclosure on February 11, 2014 of the undisclosed bidder's intent on acquiring 19.8% of the issued and outstanding shares of Longview (each, a "Longview Share") through the secondary offering initiated by Advantage Oil & Gas Ltd. ("Advantage") of its 45% stake in Longview on February 4, 2014, Nawar Alsaadi, a major [Read more]

Cequence Energy provides operational update

CALGARY, Feb. 11, 2014 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to provide the following operational update. Cequence recently evaluated available diagnostic data derived from its 01-21 and 02-21 Montney wells and has successfully completed the first phase of the planned remediation plan.  Diagnostic analysis of the wells, which were drilled off the 07-29 pad, revealed that the heel portion of both wells were still suitable for frac operations.  As such, [Read more]

Longview Announces Update on Unsolicited Non-Binding Proposal

CALGARY, Feb. 11, 2014 /CNW/ - Longview Oil Corp. ("Longview" or the "Company") announces that further to its press release issued earlier today regarding the receipt of an unsolicited non-binding proposal (the "Proposal") from a public oil and gas company (the "Interested Party") to purchase all of the issued and outstanding shares of Longview ("Longview Shares"), Longview has been advised that the Interested Party has submitted an expression of interest to the underwriters (the "Underwriters") [Read more]

Longview Announces Receipt of Unsolicited Non-Binding Proposal, Formation of a Special Committee and Directors Approval of Shareholder Rights Plan

CALGARY, Feb. 10, 2014 /CNW/ - Longview Oil Corp. ("Longview" or the "Company") announces today that it has received an unsolicited non-binding proposal (the "Proposal") from a public oil and gas company (the "Interested Party") to purchase all of the issued and outstanding shares of Longview ("Longview Shares"). Under the non-binding Proposal, the Interested Party proposes to purchase the Longview Shares in exchange for shares of the Interested Party.  The Proposal is based on an exchange ratio [Read more]

Sunshine Oilsands Ltd. Announces Closing of the Private Placement of HK$76.5 Million of Common Shares and Warrants to Jin Quan Limited Under the General Mandate

CALGARY, Alberta and HONG KONG, Feb. 7, 2014 /CNW/ - CLOSING OF PRIVATE PLACEMENT TO JIN QUAN LIMITED Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012, TSX: SUO) is pleased to announce today that it has completed the closing (the "Closing") of its private placement of 45,000,000 units of the Corporation (the "Units") to Jin Quan Limited ("Jin Quan") at a price of HK$1.70 per Unit (approximately CDN$0.24 per Unit) (the "Jin Quan Placement"), which was announced by the [Read more]

Perpetual Energy Inc. Provides Additional Information with Respect to 2014 Outlook and Sensitivities

CALGARY, Feb. 6, 2014 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is providing additional information as follows to provide further clarity with respect to its 2014 sensitivities including commodity price assumptions. OUTLOOK Perpetual's strategic priorities for 2014 are as follows: Reduce debt and manage downside risks; Grow Edson liquids-rich gas production, reserves, cash flow, inventory and value; Maximize value of Mannville heavy [Read more]