BOE Report

Exall Energy Corporation announces results for the three months and year ended December 31, 2013

CALGARY, March 19, 2014 /CNW Telbec/ - Exall Energy Corporation ("Exall" or the "Company") (TSX:EE and TSX:EE.DB) is pleased to announce its financial and operating results for the three months and fiscal year ended December 31, 2013, and that it has filed its Annual Information Form which contains reserves data and other oil and gas information required by Section 2.1 of NI 51-101.  Exall's annual filings can all be found at www.exall.com or www.sedar.com. Exall's fiscal 2013 production [Read more]

Athabasca Oil Corporation Announces 2013 Year-End Results and a 32% Increase in Proved Plus Probable Reserves

CALGARY, March 19, 2014 /CNW/ - Athabasca Oil Corporation ("Athabasca" or the "Company") (TSX: ATH) announced today its 2013 year-end financial and operating results and also released its 2013 year-end reserve and resource estimates. 2013 Highlights: gross proved plus probable reserves increased by 32% year-over-year; produced an average of 6,397 barrels of oil equivalent per day ("boe/d") comprised of 49% liquids in 2013; fourth quarter production averaged 6,697 boe/d, in line with [Read more]

LGX Oil + Gas Inc. Announces 27 Percent Increase in 2013 Year-End Reserves, Growth in NAV Per Share, Strong Finding & Development Costs and Provides Operational Update on 14-2 Big Valley Well

CALGARY, March 18, 2014 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV: OIL) is pleased to announce its 2013 year-end reserves and provide an operational update. The financial and operational information contained below is based on the Company's unaudited expected results for the year ended December 31, 2013. HIGHLIGHTS 2013 net asset value per share grew by 9 percent over 2012 to $1.27 per share 2013 total proved plus probable finding and development costs (including change [Read more]

Vermilion Energy Inc. Announces Acquisition of Southeast Saskatchewan Assets

CALGARY, March 18, 2014 /CNW/ - Vermilion Energy Inc. ("Vermilion", the "Company", "We" or "Our") (TSX, NYSE: VET) is pleased to announce that we have entered into an arrangement agreement (the "Arrangement") with a private southeast Saskatchewan producer ("Privateco") for total consideration of $400 million, comprised of cash and share consideration of $345 million (the "Purchase Price") plus the assumption of $55 million in debt. Under the terms of the Arrangement, Vermilion has agreed to [Read more]

SilverWillow Energy Corporation announces review of strategic alternatives to enhance shareholder value

CALGARY, March 17, 2014 /CNW/ - SilverWillow Energy Corporation ("SilverWillow" or the "Corporation") today announces that its Board of Directors has commenced a process to consider strategic and financial alternatives available to the Corporation with the objective of enhancing shareholder value. Strategic and financial alternatives may include, but are not limited to, the sale of the Corporation, merger or other business combination, additional financing, sale of all or a portion of the [Read more]

Toscana Energy Announces Fiscal Year 2013 Financial and Operating Results and 2013 Reserves

CALGARY, March 17, 2014 /CNW/ - Toscana Energy Income Corporation ("TEI" or the "Corporation") (TSX: TEI) announces financial and operating results for the year ended December 31, 2013, and the Corporation's 2013 year-end reserves. Financial and operating results: The following summarizes information contained in the Consolidated Financial Statements and Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2013. This news release should not be considered a [Read more]

Ivanhoe Suspends Activity on Tamarack Project Pending Regulatory Clarity

CALGARY, March 17, 2014 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) announced today that following a thorough review the Company has suspended activity on its current Tamarack oil sands project. Ivanhoe's decision is based on the uncertainty that there is no timeline defined by the Alberta Energy Regulator (AER) for a new regulatory framework for shallow SAGD projects, and that there is no clarity as to a path for approval for its Tamarack application. Until there is greater regulatory [Read more]

Hawk Announces Resignation of Director

CALGARY, March 17, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces that Thomas Buchanan has chosen to resign from the Corporation's Board of Directors in order to concentrate on other business endeavors. Mr. Buchanan has been a director of Hawk since its formation in February 2009. The Corporation would like to thank Mr. Buchanan for his tremendous guidance and contributions as a member of the Board of Directors of Hawk and for his past contributions as a director of [Read more]

Imperial Agrees to Sell Certain Western Canada Conventional Oil and Gas Assets

CALGARY, March 17, 2014 /CNW/ - Imperial Oil Limited has reached an agreement to sell its interest in assets located in Boundary Lake, Cynthia/West Pembina, and Rocky Mountain House in Western Canada to Whitecap Resources Inc. for approximately CA$855 million. The transaction is expected to close in May. Located in British Columbia and Alberta, the assets involved in the transaction produced about 15,000 oil-equivalent barrels per day in 2013 on a net before royalty basis. Production is split [Read more]

Keyera to Acquire Deep Cut Gas Plant in West Central Alberta

CALGARY, March 17, 2014 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today it has entered into an agreement with Whitecap Resources Inc. ("Whitecap") to acquire ownership interests in certain gas processing assets in west central Alberta, and in the associated oil and gas reserves.  Whitecap is initially acquiring these assets as part of a larger transaction.  Total cost to acquire the assets from Whitecap is approximately $113 million.  The acquisition is subject to typical closing [Read more]