BOE Report

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]

Surge forecasts more than 40 percent production growth and more than 65 percent growth in FFO for 2014

CALGARY, Jan. 8, 2014 /CNW/ - The Board of Directors of Surge Energy Inc. ("Surge" or the "Company") ("SGY": TSX) has approved the Company's 2014 capital expenditure program. In 2014 Surge will spend a budgeted $114.5 million, and deliver the following: Growth in annual production of more than 40% over 2013; in 2014 Surge is targeting record annual production of 15,250 boepd (15,500 boepd exit rate); A production mix of over 83% light and medium gravity crude oil; Growth in annual [Read more]

ARC Resources Ltd. achieves record production levels

CALGARY, Jan. 8, 2014 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") announced today that it estimates fourth quarter production to be approximately 100,000 boe per day. This is record quarterly production volumes for ARC and is expected to contribute to record annual production of approximately 96,000 boe per day; meeting ARC's production guidance announced with its 2013 budget. ARC's strong production performance is a significant achievement given the divestment of approximately 1,700 boe per [Read more]

Keyera to Expand C3+ Fractionation Capacity at Fort Saskatchewan

CALGARY, Jan. 8, 2014 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today that it is proceeding with an expansion at its NGL fractionation and storage facility in Fort Saskatchewan ("KFS"). The project will involve more than doubling the facility's existing C3+ fractionation capacity from 30,000 barrels per day to 65,000 barrels per day. In conjunction with the fractionator, the project will include the construction of new product receipt facilities, operational storage and pipeline [Read more]

Athabasca Oil Corporation Announces Management Change

CALGARY, Jan. 8, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") announces that Kim Anderson has accepted an appointment to become the Company's Chief Financial Officer, replacing Brent Heagy who has chosen to leave the Company to pursue an opportunity as a CFO with Inter Pipeline Ltd. Mr. Heagy will be staying with the Company until mid-February in order to ensure a smooth transition of his responsibilities. Ms. Anderson and Mr. Heagy have previously worked [Read more]

Bellatrix exits 2013 with record production and layers in additional commodity fixed price contracts for 2014

TSX, NYSE MKT: BXE CALGARY, Jan. 7, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce it exited 2013 with record production and provides an update of its recent commodity price risk management activities. 2013 has been an extraordinary year earmarked by record production growth, announcing three separate joint ventures designed to accelerate our program on a promoted basis, an equity financing, redemption of its convertible [Read more]

Whitecap Resources Inc. closes Viking light oil acquisition and provides Q1 2014 outlook

CALGARY, Jan. 6, 2014 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) is pleased to announce that Whitecap has completed the previously announced acquisition of a private company ("PrivateCo") pursuant to a plan of arrangement (the "Arrangement") under the provisions of the Business Corporations Act (Alberta). Whitecap has acquired all of the issued and outstanding common shares of PrivateCo through the issuance of 27,535,867 Whitecap common shares and the assumption of PrivateCo's [Read more]

LGX Oil + Gas Inc. Files Application for Judicial Review Respecting Greater Sage-Grouse Emergency Protection Order

CALGARY, Jan. 3, 2014 /CNW/ - As previously announced, LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV:OIL) and other producers have received notice from the Federal Minister of Environment of an Emergency Order for the Protection of the Greater Sage-Grouse (the "Order") pursuant to the Species at Risk Act (Canada) ("SARA"). The stated purpose of the Order is to address the imminent threats to the survival and recovery of the Greater Sage-Grouse, including protecting the habitat identified in [Read more]

Marquee Energy Ltd. announces completion of acquisition of strategic assets in Michichi core area and welcomes three new members to its Board of Directors

CALGARY, Dec. 31, 2013 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: MQL) is pleased to announce the closing of the previously announced acquisition by the Company of substantially all of the Western Canadian assets of Sonde Resources Corp. ("Sonde"), including all of its Southern Alberta properties (the "Assets"). The Assets are primarily located in Marquee's core area at Michichi, Alberta immediately offsetting Marquee's lands and production. The acquisition was completed [Read more]

Palliser Oil & Gas Corporation Announces Change to Board of Directors

/NOT FOR DISTRIBUTION IN THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, Dec. 23, 2013 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE: PXL) announces a change to the Board of Directors. Ken Crowther advises that for personal reasons, he will be resigning his position as a Director of the Company as of January 1, 2014. On behalf of the Board of Directors, Senior Management, the staff and shareholders of Palliser, we [Read more]