BOE Report

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]

Sunshine Oilsands Ltd. Announces Private Placement Financing of HK$76.5 Million of Common Shares and Warrants Under the General Mandate

CALGARY, Alberta, Jan. 15, 2014 /CNW/ - Sunshine Oilsands Ltd. (the "Corporation") (HKEX: 2012, TSX: SUO) is pleased to announce that it has received funds for and accepted an additional irrevocable subscription agreement (the "New Subscription Agreement") for 45,000,000 units of the Corporation ("Units") at a price of HK$1.70 per Unit (the "Subscription Price") (approximately CDN$0.24 per Unit at current exchange rates) for total gross proceeds of HK$76,500,000 (approximately CDN$10.8 million) [Read more]

Connacher Provides Fourth Quarter 2013 Operational Update and Conference Call Details

CALGARY, Jan. 15, 2014 /CNW/ - Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") provides the following operational update for the fourth quarter 2013 ("Q4 2013"). All production related results disclosed herein are based on field estimates. Production and Operations Connacher's Great Divide production for Q4 2013 averaged 11,400 bbl/d. Production was 3% lower than the prior quarter (Q3 2013 11,788 bbl/d). Production in late November and early December was negatively [Read more]

Twin Butte Energy Ltd. Announces Promotion of Bruce Hall to President

CALGARY, Jan. 14, 2014 /CNW/ - Twin Butte Energy Ltd. (TSX: TBE) ("Twin Butte" or the "Company") is pleased to announce that Bruce Hall has been promoted to President and Chief Operating Officer ("COO") of Twin Butte from his current position as COO. Jim Saunders, as Chief Executive Officer, will continue to be fully involved on a daily basis, providing leadership and direction in the affairs of the Company. Mr. Hall joined Twin Butte as Vice President, Corporate Development in 2009 and has [Read more]

Softrock reports location for first well on farmed out section

TSXV: SFT CALGARY, Jan. 14, 2014 /CNW/ - Nick Taylor, CEO of Softrock ("or the Company") (TSXV: SFT) reports that the farmee of Softrock's and Greencastle's interest in Section 11 Township 78 Range 7W6,  DEML (Direct Energy Marketing Limited) has been issued a license by the Alberta Government to drill a 2950 meter horizontal test for Charlie Lake Oil, located in LSD 15 of Section 02 immediately south of Section 11 (the farmed-out section owned by Softrock and Greencastle) and proceeding [Read more]

Pinecrest Energy Inc. provides corporate update

TSX Venture Exchange:  PRY CALGARY, Jan. 14, 2014 /CNW/ - Pinecrest Energy Inc. ("Pinecrest" or the "Company") announces an update to its production guidance for the fourth quarter of 2013, its credit facility and 2014 capital program. Production Update Based on field estimates, average production for the fourth quarter of 2013 was approximately 2,580 boepd (97% oil and liquids).  Average production for the month of December, based on field estimates, was 2,308 boepd, below the Company's budget [Read more]

Surge announces $109 million SE Saskatchewan light oil acquisition, upward revision to 2014 guidance, $70 million equity financing, and four percent increase in dividend

CALGARY, Jan. 13, 2014 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") announced today that it has entered into an agreement to acquire (the "Acquisition") certain high quality, low decline, operated, light oil producing assets strategically located in the Company's core area of SE 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 is $109 million, payable in cash [Read more]

Sunshine Oilsands Ltd. Announces Additional Closing of Private Placement Financing of HK$336 Million of Common Shares and Warrants Under the General Mandate

CALGARY, Alberta and HONG KONG, Jan. 10, 2014 /CNW/ - Sunshine Oilsands Ltd. (the "Corporation") (HKEX: 2012, TSX: SUO) is pleased to provide an update with respect to its private placement (the "Placement") referred in its announcements dated December 3, 2013 and December 10, 2013. The Corporation is pleased to announce that it has received and accepted an irrevocable subscription agreement (the "Strong Subscription Agreement") from Strong Petrochemical Holdings Limited ("Strong Petrochemical") [Read more]