BOE Report

Pembina Announces $115 Million Simonette Pipeline Expansion Project

CALGARY, Sept. 16, 2013 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it plans to proceed with a $115 million expansion of its Peace Pipeline System between Simonette and Fox Creek, Alberta (the "Simonette Pipeline Expansion"). In response to requests from area producers for firm service, the Simonette Pipeline Expansion is expected to initially deliver approximately 40,000 barrels per day of additional liquids to Pembina's Fox Creek [Read more]

TriOil Resources Ltd. to be acquired by ORLEN Upstream s.p. z.o.o.

CALGARY, Sept. 16, 2013 /CNW/ - (TSXV:TOL) TriOil Resources Ltd. ("TriOil" or the "Company") is pleased to announce that it has entered into an agreement (the "Arrangement Agreement") with ORLEN Upstream s.p. z o.o. ("ORLEN Upstream") pursuant to which ORLEN Upstream, through a wholly owned subsidiary ORLEN Upstream International B.V. registered in the Netherlands ("ORLEN Upstream International"), has agreed to purchase all of the issued and outstanding class A common shares of the Company (the [Read more]

Pinecrest Energy Inc. announces revisions to its 2013 capital budget

CALGARY, Sept. 10, 2013 /CNW/ - Pinecrest Energy Inc. ("Pinecrest" or the "Company") announces that its Board of Directors has approved revisions to the Company's 2013 capital budget. STRATEGIC RATIONALE In its first three years, Pinecrest has successfully built an attractive high netback reserve, production and cash flow base and a large operated drilling inventory focused on the Slave Point light oil resource in the Greater Red Earth area of Alberta. The focus for 2013 has been on improving [Read more]

Bellatrix Announces an Increase of $100 Million in Capital Committed to a $244 Million Joint Venture in the Notikewin/Falher in the Willesden Green Area and in the Cardium in the Brazeau Area

CALGARY, Sept. 10, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX:BXE, NYSE:BXE) is pleased to announce that Grafton Energy Co I Ltd. ("Grafton"), has elected to exercise  an option to increase its committed capital investment by an additional $100 million on the same terms and conditions as the previously announced joint venture (the "Joint Venture") to accelerate development on a portion of Bellatrix's extensive undeveloped land holdings. The Joint Venture is in [Read more]

TORC Oil & Gas Ltd. Announces Closing of Acquisition and Strategic Transition to a Sustainable Dividend Plus Growth Company

CALGARY, Sept. 9, 2013 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG) is pleased to announce the closing of the acquisition of low decline, high netback, light oil producing assets in southeastSaskatchewan and the strategic transition of the Company's business model to an intermediate light oil producer paying sustainable dividends while also delivering disciplined per share production growth.  The acquired assets are complementary to TORC's current light oil platform in the [Read more]

Alberta Government Order in Council Approval of Thickwood Project

CALGARY, Alberta, Sept. 8, 2013 /CNW/ - Sunshine Oilsands Ltd. ("Sunshine" or the "Corporation") (HKEX: 2012, TSX: SUO) is pleased to announce that it received Alberta Order in Council approval for the Thickwood project onSeptember 6, 2013.The next regulatory step is final AER (Alberta Energy Regulator) approval. The Thickwood Project is Sunshine's second Steam Assisted Gravity Drainage (SAGD) commercial development. The Thickwood site is located approximately 70 kilometers west of Ft. [Read more]

Marquee Energy Ltd. announces changes to management team

CALGARY, Sept. 6, 2013 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: MQL) is pleased to announce certain changes to its management team. Consistent with Marquee's pursuit of being a technically driven operational leader, the Company is pleased to announce: Mr. Sam Yip, who has been a key executive member since joining Marquee in March 2012, has been appointed as Vice President, Engineering.  Mr. Yip was most recently Vice President, Heavy Oil for Marquee and will now be [Read more]

The Fort McKay First Nation Seeks Permission to Appeal the Dover Commercial Project Approval

CALGARY, Sept. 5, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) (Athabasca or AOC) reports the Fort McKay First Nation seeks permission to appeal the Dover Commercial Project approval. As previously reported, on August 6, 2013 the Alberta Energy Regulator (AER) approved the Dover Commercial Project noting that "the Project represents an economic opportunity, not only for Dover but also for Alberta, and will have a positive impact on the Province's economy". The Fort McKay First Nation [Read more]

Pembina Pipeline Corporation CEO, Bob Michaleski, to Retire; Board Appoints Current President and COO, Mick Dilger, as Incoming CEO

CALGARY, Sept. 4, 2013 /CNW/ - The Board of Directors of Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that Bob Michaleski, Pembina's Chief Executive Officer ("CEO"), plans to retire at the end of 2013 after 35 years of service with the Company. The Board also announced thatMick Dilger, Pembina's President and Chief Operating Officer ("COO"), will succeed Bob as CEO effective January 1, 2014, at which time, he will also be appointed to the [Read more]

Novus Energy Inc. enters into definitive agreement to be acquired by Yanchang Petroleum International Limited

CALGARY, Sept. 3, 2013 /CNW/ - Novus Energy Inc. ("Novus" or the "Company") (TSXV: NVS) is pleased to announce that it has entered into a definitive agreement (the "Arrangement Agreement") with Yanchang Petroleum International Limited ("Yanchang Petroleum International") and Yanchang International (Canada) Limited ("Yanchang Canada", and, together with Yanchang Petroleum International, the "Purchaser Parties") for the purchase of all of the issued and outstanding common shares of the Company [Read more]