BOE Report

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]

Yangarra Announces a 47 Section Cardium Farm-In Agreement in the Willesden Green Area

CALGARY, Sept. 3, 2013 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSXV:YGR) announces that it has entered into a 47 section Cardium Farm-In Agreement in the Willesden Green Area with an industry major ("Farmor"). The Farm-In Agreement The Farm-In Agreement ("Farm-in") covers 47 gross (29 net) sections in the Willesden Green area that offset existing Yangarra land holdings. Yangarra has identified 61 gross (37 net) Cardium locations with similar geology to the Company's [Read more]

Wrangler West Updates Credit Facility, Announces Strategic Alternatives Process

CALGARY, Sept. 3, 2013 /CNW/ - Wrangler West Energy Corp. ("Wrangler West", the "Company") (TSX-V "WX") provides the following corporate information updates. Credit Facility The Company announces an amendment to the Company's revolving operating demand loan agreement ("Credit Facility") effective September 3, 2013 with Canadian Western Bank (the "lender") in the amount of $4.9 million with a monthly reduction of $100,000 beginning September 26, 2013 and a maturity date of December 31, 2013. [Read more]

Pembina Pipeline Corporation Positions for Future Growth Through Acquisition of Land and Facilities in Alberta’s Industrial Heartland

CALGARY, Sept. 3, 2013 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it has acquired a site in the Alberta Industrial Heartland for approximately $20 millionfeaturing a well-designed existing rail system and utility infrastructure to support the future development of rail, terminalling and storage facilities (the "Heartland Hub"). The Heartland Hub is a further build-out of Pembina's larger Nexus terminal ("PNT"), servicing crude oil [Read more]

Bellatrix announces the successful closing of its previously announced $200 million strategic joint venture partnership and $52.5 million asset disposition

CALGARY, Sept. 3, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce it has successfully closed the previously announced asset sale (the "Asset Sale")  and  joint venture (the "Joint Venture") with the Canadian subsidiaries of Daewoo International Corporation ("Daewoo") and Devonian Natural Resources Private Equity Fund ("Devonian"). Under the terms of the associated agreements, Bellatrix sold, effective July 1, 2013, to the [Read more]

TriOil provides update on strategic process

CALGARY, Sept. 3, 2013 /CNW/ - (TSXV:TOL) TriOil Resources Ltd. ("TriOil" or the "Company") announces that it has extended the period of exclusive negotiations between itself and another party in relation to its strategic alternatives process.  The exclusive negotiation period has been extended from the end of August to the second half of September 2013 by mutual agreement of the parties. At the present time, there can be no assurances or guarantees that these negotiations will result in an [Read more]

First Mountain Exploration Ltd. Announces Property Acquisition, Proposed Private Placement and Files Q2 2013 Financial Results

CALGARY, Aug. 29, 2013 /CNW/ - First Mountain Exploration Ltd. ("First Mountain" or the "Company") (TSX Venture: FMX) is pleased to announce that it has closed the acquisition (the "Acquisition") of an additional 35% interest in certain oil and gas producing assets in the Atlee Buffalo area of Alberta (the "Atlee Buffalo Assets") from a private Company for cash consideration of $280,000, before closing adjustments. After completion of the Acquisition, First Mountain's total working interest in [Read more]

Yangarra Announces Second Quarter 2013 Financial and Operating Results

CALGARY, Aug. 28, 2013 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSXV:YGR) announces its financial and operating results for the three and six months ended June 30, 2013. Highlights are as follows: Q2 2013 production averaged 2,005 boe/d (44% oil and NGL's) with production negatively impacted by approximately 200 boe/d shut-in due to the drilling of new wells on existing pad sites and turn-arounds at 3rd party processing facilities. Q2 2013 oil and gas sales [Read more]

Hawk announces second quarter 2013 results

CALGARY, Aug. 28, 2013 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") is pleased to announce its results for the three and six months ended June 30, 2013. HIGHLIGHTS Highlights for the three months ended June 30, 2013 were as follows: Generated record funds flow from operations of $1.6 million in the second quarter, a 26% increase from the $1.3 million in funds flow in the second quarter of 2012; Averaged a record 628 boe/d of production in the second quarter of 2013, a [Read more]