BOE Report

MEG Energy announces 2014 capital budget and guidance

Annual production targeted to nearly double; planned capital investment sets the foundation for further growth with focus on lower-cost 'brownfield' expansion CALGARY, Dec. 6, 2013 /CNW/ - MEG Energy Corp. released its 2014 capital budget and guidance today. The company's plans include a capital program of $1.8 billion, including $200 million available on a discretionary basis subject to the timing of current and future projects. MEG has set a 2014 production target of 60,000 to 65,000 barrels [Read more]

PanTerra Completes 9.6 km Pipeline at Tomahawk

TSX-V: PRC CALGARY, Dec. 5, 2013 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Company") is pleased to announce that it has completed a 9.6 kilometer pipeline at its Tomahawk, Alberta project. The line is going through its initial start up phase and is expected to be fully operational by mid December. The pipeline will allow the Company to produce from a particular well that was drilled last year, but due to high Gas Oil Ratios, was shut-in. This will result in an increase in both oil and [Read more]

Madalena announces closing of bought deal offering, including full exercise of over-allotment option, for gross proceeds of $9.2 million

TSXV Trading Symbol: MVN CALGARY, Dec. 5, 2013 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") is pleased to announce that it has completed its previously announced bought deal short form prospectus offering (the "Offering") through Mackie Research Capital Corporation and RBC Capital Markets, as co-lead underwriters and joint book-runners (the "Co-Lead Underwriters"), on their behalf and on behalf of Haywood Securities Inc., National Bank Financial Inc., Dundee Securities Ltd., [Read more]

Glacier Upper Montney Well Tested at Record 21 Mmcf/d, Lower Montney Wells Continue to Outperform, Strategic Alternatives Update

(TSX: AAV) (NYSE: AAV) CALGARY, Dec. 4, 2013 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to provide the following operational update related to our current Phase VI Glacier Development program and an update on our strategic alternatives process. Our Phase VI drilling program commenced in August 2013 and is designed to increase Glacier production to 135 mmcfe/d in April 2014 which represents a production growth of 25% compared to April 2013. New Glacier [Read more]

North West Redwater Partnership Announces Update to Facility Cost Estimate and Certain Revisions to the Bitumen Processing Agreements

CALGARY, Dec. 4, 2013 /CNW/ - North West Redwater Partnership ("NWR"), a partnership between North West Upgrading Inc. ("NWU") and Canadian Natural Upgrading Limited ("CNUL"), a wholly owned subsidiary of Canadian Natural Resources Limited ("Canadian Natural"), announces today an update to its facility capital cost estimate and to certain revisions to its Bitumen Processing Agreements. Phase 1 of the Sturgeon Refinery project ("Project") is designed to process 50,000 barrels per day ("bbl/d") of [Read more]

Black Swan Energy announces $150 million equity investment

CALGARY, Dec. 3, 2013 /CNW/ - Black Swan Energy Ltd. today announced that it has completed a $150 million increase in the equity capital commitments from its existing shareholders which include Warburg Pincus, Canada Pension Plan Investment Board and KERN Partners. This brings the total capital commitment from its shareholders to $501 million, with the new capital being used to fully fund the appraisal and early development of its current properties. Black Swan is focused on its growing base of [Read more]

Surge Energy Inc. closes previously announced core area crude oil acquisition, conversion of subscription receipts, upwardly revised guidance and increased dividend

CALGARY, Dec. 3, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that it has now closed the previously announced acquisition (the "Acquisition") of a high quality, low decline, operated, crude oil producing asset strategically located near Wainwright in the Company's core area of Central Alberta (the "Assets"). The Assets include over 980 barrels per day of primarily medium gravity crude oil production (with a historical nine percent annual decline), [Read more]

Kelt Exploration Ltd. closes equity financings for $101.06 million

CALGARY, Dec. 3, 2013 /CNW/ - ("KEL" - TSX) - Kelt Exploration Ltd. ("Kelt" or the "Company") is pleased to announce that it has completed a bought deal private placement offering (the "Brokered Offering") with a syndicate of underwriters led by Peters & Co. Limited and including CIBC World Markets Inc., FirstEnergy Capital Corp., RBC Capital Markets, National Bank Financial Inc., Scotia Capital Inc., AltaCorp Capital Inc., Cormark Securities Inc., GMP Securities Inc., Dundee Capital Markets [Read more]

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

CALGARY, Alberta and HONG KONG, Dec. 3, 2013 /CNW/ - Sunshine Oilsands Ltd. ("Sunshine" or the "Corporation") (HKEX: 2012, TSX: SUO) is pleased to announce that it has received and accepted irrevocable subscription agreements (the "Subscription Agreements ") for 197,976,471 units of the Corporation ("Units") at a price of HK $1.70 per Unit (the "Subscription Price") (approximately CDN $0.23 per Unit at current exchange rates) for total gross proceeds of HK $336,560,000 (approximately CDN $46.1 [Read more]

Enerplus Increases 2013 Production Estimate and Forecasts 10% Production Growth in 2014

This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review the "Cautionary Note Regarding Forward-Looking Information and Statements" at the conclusion of this news release. For information regarding the presentation of certain information in this news release, see "Currency, BOE and Operational Information" at the conclusion of this news release. CALGARY, Dec. 2, 2013 /CNW/ - Enerplus Corporation [Read more]