BOE Report

Paul Band First Nation prefers pipelines rather than oil-by-rail

DUFFIELD, AB, Dec. 12, 2013 /CNW/ - Chief and Council of the 1,926-member Paul Band First Nation, 50 kilometers west of Edmonton, today stated that they generally support the responsible and respectful expansion of Canada's pipeline infrastructure as the preferred transportation mode for moving increased volumes of Alberta oil and gas production to new offshore markets. This includes support for the Trans Mountain Pipeline Expansion Project, where a facts-based and highly-respectful First [Read more]

Cenovus oil production anticipated to grow 10% in 2014

Capital investment reduced; focus remains on oil sands CALGARY, Dec. 12, 2013 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) expects to invest between $2.8 billion and $3.1 billion in 2014, a 13% decrease when compared with the previous year. The company is focusing its capital on oil projects that are anticipated to provide production growth over the next four years. "Since our launch in late 2009, Cenovus has concentrated on gaining regulatory approvals for our robust inventory of oil [Read more]

Bellatrix confirms 2014 guidance, announces an increase in its credit facilities and layers in additional commodity fixed price contracts for 2014

TSX, NYSE MKT: BXE CALGARY, Dec. 12, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to confirm its 2014 guidance and announce that it has completed its mid-year review of its 2013 credit facilities and provides an update of its recent commodity price risk management activities. 2013 has been an extraordinary year earmarked by significant production growth, announcing three separate joint ventures designed to accelerate our program on a [Read more]

Bellatrix Exploration Ltd. and Angle Energy Inc. announce completion of arrangement

CALGARY, Dec. 11, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) and Angle Energy Inc. ("Angle") (TSX: NGL) are pleased to announce that they have closed the previously announced plan of arrangement (the "Arrangement"). Pursuant to the Arrangement, Bellatrix acquired all of the issued and outstanding common shares of Angle (the "Angle Shares") for consideration consisting of $69.7 million in cash and approximately 30.2 million Bellatrix common [Read more]

Bellatrix Exploration Ltd. and Angle Energy Inc. announce securityholder and court approvals for arrangement

CALGARY, Dec. 10, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) and Angle Energy Inc. ("Angle") (TSX: NGL) are pleased to announce that they have today received securityholder approval for the previously announced plan of arrangement (the "Arrangement") pursuant to which Bellatrix will acquire all the issued and outstanding common shares of Angle (the "Angle Shares") and 5.75% convertible unsecured subordinated debentures of Angle with a maturity [Read more]

First Mountain Exploration Ltd. Announces the Commencement of Drilling Operations at Atlee Buffalo

CALGARY, Dec. 10, 2013 /CNW/ - First Mountain Exploration Ltd. ("First Mountain" or the "Company") (TSX Venture: FMX) is pleased to announce it has commenced a horizontal drilling program in the Atlee Buffalo area of Alberta. On December 9, 2013 the well FMEL 03HZ ATL-BUFF 14-20-21-5W4M (the "well") was spud and it is expected the well will reach a total depth of approximately 1,765 meters on December 17, 2013. Once completed, First Mountain plans to install production facilities and have the [Read more]

TORC Oil & Gas Ltd. Announces 2014 Disciplined Growth Budget and Sustainable Increase to Dividend

CALGARY, Dec. 10, 2013 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce that its Board of Directors has approved a 2014 capital budget of $125 million. TORC's strategic objectives associated with the 2014 capital budget are consistent with the Company's long term objectives of delivering disciplined growth in combination with a sustainable and growing dividend. TORC's 2014 capital budget is specifically focused on: Investing in high rate of return light [Read more]

Sunshine Oilsands Ltd. Announces First Closing of Private Placement Financing of HK $336 Million of Common Shares and Warrants under the General Mandate and Senior Management Changes

CALGARY, Alberta and HONG KONG, Dec. 10, 2013 /CNW/ - First Closing of Private Placement Sunshine Oilsands Ltd. ("Sunshine" or the "Corporation") (HKEX: 2012, TSX: SUO) is pleased to announce that it has completed the first closing of its private placement of units of the Corporation ("Units") at a price of HK $1.70 per Unit (approximately CDN $0.23 per Unit) (the "Subscription Price"), which was announced by the Corporation on December 3, 2013. Each Unit is comprised of one Class "A" Common [Read more]

PanTerra Announces Non-Brokered Private Placement

TSX-V: PRC CALGARY, Dec. 9, 2013 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Corporation") is pleased to announce that it plans to complete a non-brokered private placement of up to 10,000,000 units (the "Units") at a price of $0.05 per Unit for total gross proceeds to the Corporation of up to $500,000 (the "Offering"). Each Unit will consist of one common share (a "Common Share") in the capital of the Corporation and one-half of one warrant to purchase a Common Share (a "Warrant"). [Read more]

Progress Energy Canada and Pacific NorthWest LNG welcome second LNG investment

CALGARY, Dec. 8, 2013 /CNW/ - Progress Energy Canada Ltd., Pacific NorthWest LNG Ltd. and Petroliam Nasional Berhad (PETRONAS) have signed transaction agreements whereby PetroleumBRUNEI, through its affiliates, will acquire a 3 percent interest in Progress Energy Canada's natural gas assets in northeast British Columbia and in the proposed Pacific NorthWest LNG export facility on Canada's West Coast, in the District of Port Edward. As part of the transaction, PetroleumBRUNEI has agreed to buy a [Read more]