BOE Report

MEG Energy appoints Chief Financial Officer

CALGARY, Aug. 6, 2013 /CNW/ - MEG Energy Corp. announced today the appointment of Eric Toews to the position of Chief Financial Officer. "Eric brings to MEG more than 20 years of experience, expertise and strategic leadership in the financial sector," said Bill McCaffrey, President and Chief Executive Officer. "His career has been exclusively focused in oil and gas which will be invaluable as we continue to move forward with our long-term growth strategy." Toews joins MEG Energy from BMO [Read more]

Sunshine Oilsands Ltd. Announces Commencement of a Review of Strategic Development Alternatives to Preserve and Maximize Shareholder Value

CALGARY, Alberta, Aug. 6, 2013 /CNW/ - Sunshine Oilsands Ltd. ("Sunshine" or the "Corporation") (HKEX: 2012, TSX: SUO) announces that in light of Sunshine's planned expenditures and ongoing capital requirements for its West Ells and other projects and its existing capital levels, the Board of Directors has directed management of the Corporation to commence a strategic review process to identify, examine and consider a range of strategic alternatives available to Sunshine, with a view to [Read more]

Kelt announces $99.6 million equity financing

CALGARY, Aug. 6, 2013 /CNW/ - ("KEL" - TSX) - Kelt Exploration Ltd. ("Kelt" or the "Company") is pleased to announce a common share and flow-through share equity financing for gross aggregate proceeds of $99.6 million. Kelt has entered into an agreement with a syndicate of underwriters led by Peters & Co. Limited, and including FirstEnergy Capital Corp., CIBC World Markets Inc., Dundee Securities Ltd., RBC Capital Markets, GMP Securities L.P., Stifel Nicolaus Canada Inc., Macquarie [Read more]

Chevron Canada Limited Increases its Landholdings in Alberta’s Duvernay Formation

CALGARY, Aug. 1, 2013 /CNW/ - Chevron Canada Limited (CCL) announced today the signing of an agreement to acquire all interests from Alta Energy Luxembourg S.à.r.l. and affiliates in the Duvernay shale formation in west-central Alberta. The acquired interests cover 67,900 net acres. The purchase price was not disclosed. "This agreement further strengthens our land position in the core part of this prospective wet shale gas play, where we have exploration leases totaling more than 250,000 [Read more]

Advantage Announces Change in Management

CALGARY, Aug. 1, 2013 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") announces that Mr.Kelly Drader has resigned as Chief Financial Officer and Director of the Corporation to focus on his role as President and Chief Executive Officer of Longview Oil Corp. ("Longview"). In April, 2011 Longview acquired certain oil-weighted assets of Advantage located in West Central Alberta, Southeast Saskatchewan and the Lloydminster area ofSaskatchewan. Advantage currently holds [Read more]

ARC Resources Ltd. reports second quarter 2013 results

CALGARY, Aug. 1, 2013 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its second quarter 2013 operating and financial results.  Second quarter production was 93,436 boe per day and funds from operations were $201.2 million ($0.65 per share).  ARC's Condensed Interim Consolidated Financial Statements and Notes, as well as ARC's Management's Discussion and Analysis ("MD&A") for three and six months ended June 30, 2013 and 2012, are available on ARC's website [Read more]

Canadian Building Trades pleased by the TransCanada Corporation announcement of the Energy-East Project

OTTAWA, Aug. 1, 2013 /CNW/ - The Canadian Building Trades is very pleased by the TransCanada Corporation announcement of the Energy-East Project; Director of Canadian Affairs Robert Blakely said "This is the sort of job that proves that a pipeline is a conduit that connects high paying jobs in one region of Canada to high paying, long term and sustainable jobs in other Canadian Regions.  At the same time as providing this job bonanza it changes the game for refiners in Central and Atlantic [Read more]

Irving Oil and TransCanada Announce Joint Venture to Develop New Saint John Marine Terminal

Proposed $300M Marine Terminal Represents first Major Regional Investment  Directly Linked to the Energy East Pipeline Project SAINT JOHN, NB, Aug. 1, 2013 /CNW/ - Following TransCanada's announcement today to proceed with the development of the Energy East Pipeline that will transport western Canadian crude oil to Montreal, Quebec City and Saint John, Irving Oil and TransCanada announced they will form a joint venture to develop and construct the new Canaport Energy East Marine Terminal at [Read more]

Bellatrix announces it has entered into a $200 million strategic joint venture partnership and a $52.5 million asset disposition with Daewoo International Corporation and Devonian Natural Resources Private Equity Fund

CALGARY, Aug. 1, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce it has entered into a definitive agreement for an asset sale (the "Asset Sale")  and  joint venture (the "Joint Venture") with Daewoo International Corporation ("Daewoo") and Devonian Natural Resources Private Equity Fund ("Devonian"). Under the terms of the associated agreements, Bellatrix will sell, effective July 1, 2013, to Devonian and Daewoo jointly 50% of the [Read more]

Vermilion Energy Inc. Announces Results for the Three and Six Months Ended June 30, 2013

CALGARY, Aug. 1, 2013 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report interim operating and unaudited financial results for the three and six months ended June 30, 2013. HIGHLIGHTS We recorded the strongest operating quarter in our history in the second quarter of 2013.  Thus far, our capital program has achieved better than anticipated results, generating production growth in all four of our business units.  The [Read more]