BOE Report

Cequence Energy announces record production and second quarter financial results

CALGARY, Aug. 8, 2013 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce the financial and operating results from the second quarter. Financial and Operating Highlights The following are Cequence's financial and operating highlights for the second quarter of 2013: Increased average production by 29 percent from the prior year to 11,205 boepd and by 27 percent from Q1 2013; Increased funds flow from operations by 225 percent from the prior year [Read more]

Imperial and ExxonMobil Canada Acquire ConocoPhillips’ Interest in Clyden Oil Sands Lease

226,000 gross acres amenable to SAGD recovery Acreage is near Imperial's Corner lease holdings Transaction subject to federal Competition Bureau review CALGARY, Aug. 8, 2013 /CNW/ - Imperial Oil and ExxonMobil Canada have acquired ConocoPhillips' interest in the Clyden oil sands lease, 150 kilometres south of Fort McMurray, Alberta. The Clyden lease is near Imperial's Corner lease holdings and contains 226,000 gross acres amenable to the in-situ recovery technique called Steam-Assisted [Read more]

Penn West Exploration Announces its Financial Results for the Second Quarter Ended June 30, 2013

CALGARY, Aug. 8, 2013 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("PENN WEST" or the "COMPANY") is pleased to announce its results for the second quarter ended June 30, 2013. All figures are in Canadian dollars unless otherwise stated.   Three months ended June 30 Six months ended June 30 2013 2012 % change 2013 2012 % change Financial (millions, except per share [Read more]

Bellatrix Exploration Ltd. Announces Second Quarter 2013 Financial Results

CALGARY, Aug. 8, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces its financial and operating results for the three and six months ended June 30, 2013. Forward-Looking Statements This press release, including the report to shareholders, contains forward-looking statements.  Please refer to our cautionary language on forward-looking statements and the other matters set forth at the beginning of the management's discussion and analysis (the [Read more]

Penn West Exploration Announces Results of Contingent Resources Studies

CALGARY, Aug. 7, 2013 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("PENN WEST" or the "Company") is pleased to announce the results of contingent and prospective resource studies (the "Resource Reports") recently completed by an independent qualified reserves evaluator on behalf of the Company, covering the Company's interests in the Slave Point, Viking, Waskada, Swan Hills and Cardium. The Resource Reports further substantiate Penn West's ongoing assessment of the oil resources [Read more]

Offshore oil production to fuel economic growth in St. John’s

OTTAWA, Aug. 7, 2013 /CNW/ - Increased offshore oil production will make St. John's, Newfoundland and Labrador the fastest growing economy among 15 Canadian cities in 2013, according to The Conference Board of Canada's Metropolitan Outlook-Summer 2013. "With economic growth forecast to reach five per cent this year, St. John's is expected to more than recover from a 3.2 per cent decline in 2012," said Mario Lefebvre, Director of the Conference Board's Centre for Municipal Studies. "As the hub [Read more]

Surge Energy Inc. Announces Dividend Increase, Operating and Financial Results for the Second Quarter 2013, and Reiterates 2013/2014 Guidance

CALGARY, Aug. 7, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce an increase to its dividend, the Company's financial and operating results for the three and six month periods ended June 30, 2013 and a reiteration of 2013/2014 guidance. DIVIDEND INCREASE Based upon: 1) better than anticipated drilling results at Valhalla, Silver and Nipisi South; 2) better than anticipated early waterflood response at Nipisi; 3) significantly better than forecasted [Read more]

Alberta Energy Regulator Approves Dover Commercial Project

CALGARY, Aug. 6, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) has been informed that the Alberta Energy Regulator (formerly ERCB) panel has approved the Dover Commercial Project subject to approval by the Lieutenant Governor in Council. The approval will be sent to the Alberta government cabinet for their consideration. The Dover Commercial Project is operated by Brion Energy Corporation, an operating company jointly owned by Athabasca and a wholly owned subsidiary of PetroChina. The in [Read more]

Brion Energy welcomes regulatory decision on Dover Project

CALGARY, Aug. 6, 2013 /CNW/ - Brion Energy has received notice from the Alberta Energy Regulator (AER) that the panel reviewing the Dover Commercial Project approved the Project, subject to the approval by the Lieutenant Governor in Council. The AER's approval will be sent to the Government of Alberta for its consideration. Brion is confident of its ability to abide by the conditions and recommendations of the AER's approval. "We thank the regulatory officials for their careful work on this [Read more]

Whitecap Resources Inc. Announces 2013 Second Quarter Results

CALGARY, Aug. 6, 2013 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that we have filed on SEDAR our unaudited interim financial statements and related Management's Discussion and Analysis ("MD&A") for the three and six months ended June 30, 2013. Selected financial and operational information is outlined below and should be read in conjunction with Whitecap's unaudited interim financial statements and related MD&A which are available for [Read more]