BOE Report

Cequence Announces Expanded Ansell Project and Production of 12,000 boepd

CALGARY, Jan. 21, 2014 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce expansion of its project at Ansell and production of 12,000 boepd. Ansell Project Cequence is pleased to announce the initial success of the Company's Wilrich drilling program at Ansell and the addition of key lands increasing its total landholdings to 46.5 gross sections. The most recent Wilrich well was drilled at 14-19 (49 % working interest) and tested at 2,500 boepd, and has [Read more]

Penn West Provides Fourth Quarter, 2013 Operational Update and Announces Additional Non-Core Asset Dispositions for Expected Proceeds of Approximately $175 Million

CALGARY, Jan. 21, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX: PWT) (NYSE: PWE) ("Penn West", "our" or the "Company") is pleased to provide an operational update on fourth quarter 2013 activities and announces additional non-core asset dispositions for expected proceeds of approximately $175 million. OVERVIEW On November 6, 2013 Penn West released a long-term strategy to position itself as a stronger and more vibrant company with the goal of becoming Canada's leading conventional liquids [Read more]

Whitecap Resources Inc. announces 51% increase to 2013 year-end reserves and provides operational update

CALGARY, Jan. 21, 2014 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce the results of its 2013 year-end oil and gas reserves evaluation, a 51% increase over year-end 2012 reserves. The increases reflect exceptional organic growth through the drill-bit and the completion of several accretive oil acquisitions in 2013. Whitecap is also pleased to provide our shareholders with an operational update. The following highlights and reserves information do [Read more]

Marquee Energy Ltd. announces grant of options and provides drilling update

CALGARY, Jan. 21, 2014 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") announced today that options to acquire an aggregate of 2,380,000 common shares have been granted to certain directors, officers and employees of the Company at a price $0.80 per common share.  The option grants are subject to the approval of, and the Company fulfilling the requirements of, the TSX Venture exchange. Marquee drilled a total of 8 wells at Michichi in 2013, 7 in the second half of the [Read more]

Novus Energy Inc. announces completion of acquisition by Yanchang Petroleum International Limited

CALGARY, Jan. 20, 2014 /CNW/ - Novus Energy Inc. ("Novus" or the "Company") (TSXV: NVS) is pleased to announce that the previously announced acquisition of the Company by Yanchang Petroleum International Limited ("Yanchang Petroleum International") through its indirect wholly-owned subsidiary, Yanchang International (Canada) Limited, pursuant to a plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement") has been completed. Pursuant to the Arrangement, Novus [Read more]

Yangarra Provides Operations Update

CALGARY, Jan. 20, 2014 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSXV: YGR) provides 2013 operations summary, December 2013 exit production, 2014 operations update, and current production. 2013 Operations Summary The Company has successfully drilled and completed 15 gross (10.6 net) wells during 2013, in addition to completing 2 gross (0.6 net) wells that were drilled in 2012.  All of the wells drilled in 2013 were completed by December 31, 2013, with the last 3 wells [Read more]

Wrangler West Energy Corp. Agrees to Acquisition by Trident Exploration Corp.

CALGARY, Jan. 20, 2014 /CNW/ - (TSX Venture: WX) — Wrangler West Energy Corp. ("Wrangler" or the "Company") is pleased to announce that it has entered into an agreement (the "Amalgamation Agreement") with Trident Exploration Corp. ("Trident") and 981443 Alberta Ltd. ("981443"), a wholly owned subsidiary of Trident, pursuant to which Trident will acquire Wrangler through the amalgamation of 981443 with Wrangler under the Business Corporations Act (Alberta) (the "Amalgamation"), and Wrangler [Read more]

CNOOC Limited Announces its 2014 Business Strategy and Development Plan

HONG KONG, Jan. 20, 2014 /CNW/ - CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) today announced a summary of the Company's business strategy and development plan for the year 2014. The Company's net production target of 2014 is in the range of 422 to 435 million barrels of oil equivalent (BOE), including approximately 69 million BOE as a result of the acquisition of Nexen Inc. (Nexen). The Company's net production for 2013 is estimated to be around 412 million BOE, including 61 [Read more]

National Energy Board responds to oil release south of Regina

CALGARY, Jan. 18, 2014 /CNW/ - The National Energy Board (NEB or Board) is responding to a release of crude oil on the Alberta Clipper pipeline south of Regina, Saskatchewan owned and operated by Enbridge Pipelines Inc. The release was reported to the NEB just before noon today. The size of the release has yet to be determined by the NEB. There is no immediate safety concern for local residents and precautions are being taken to ensure continued public safety. The release of crude oil occurred [Read more]

Leading Independent Advisory Firm Glass Lewis Rejects FrontFour’s Attempt to Take Control of Renegade’s Board and recognizes the Current Board’s Accomplishments

-Shareholders Are Urged to Vote WHITE Proxy- CALGARY, Jan. 17, 2014 /CNW/ - Renegade Petroleum Ltd. (TSX-V: RPL) is pleased to confirm that, in its report issued on Thursday, January 16, 2014, Glass Lewis, a leading independent proxy advisory firm, agreed that the current Renegade board is on the right path and is taking prudent steps to execute on its asset rationalization plan and to improve the Company's financial position. In its report, Glass Lewis recommended voting AGAINST Zachary [Read more]