BOE Report

West Coast Project to Show Way for LNG Use in Canada’s Marine Sector

OTTAWA, May 29, 2013 /CNW/ - A joint industry project focused on the use of liquefied natural gas (LNG) on the West Coast aims to identify and address barriers for LNG as a marine fuel in Canada. The estimated $1.2 million project involves 17 participating organizations including Port Metro Vancouver, BC Ferries, Seaspan, and the British Columbia Institute of Technology along with marine classification societies, technology and services providers, standards development groups, federal and [Read more]

Insignia Energy Ltd. enters into arrangement agreement with Brookfield Capital Partners Ltd. for a going private transaction

CALGARY, May 28, 2013 /CNW/ - Insignia Energy Ltd. ("Insignia" or the "Company") (TSX: ISN) is pleased to announce that, further to its May 6, 2013 press release, it has now entered into a formal arrangement agreement (the "Arrangement Agreement") with Brookfield Capital Partners Ltd. ("Brookfield") and ISN Acquisition Corp. ("Acquireco"), a wholly-owned subsidiary of Brookfield, to privatize Insignia. Pursuant to the Arrangement Agreement, Acquireco will acquire all of the issued and [Read more]

Madalena announces financial and operating results for the three months ended March 31, 2013

CALGARY, May 28, 2013 /CNW/ - Madalena Ventures Inc. (TSXV: MVN) (the "Company" or "Madalena") is pleased to announce the filing on SEDAR of the unaudited interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2013. Selected financial and operational information is outlined below and should be read in conjunction with Madalena's unaudited interim consolidated financial statements and related MD&A which are [Read more]

Novus Energy Inc. announces first quarter 2013 results and achieves record production and funds flow

CALGARY, May 28, 2013 /CNW/ - Novus Energy Inc. ("Novus" or the "Company") (TSXV: NVS) announces that it has filed its unaudited condensed interim financial statements and management's discussion and analysis ("MD&A") as at and for the three months ended March 31, 2013. These documents may be accessed through the SEDAR websitewww.sedar.com and at the Company's website www.novusenergy.ca. FINANCIAL HIGHLIGHTS Production revenue for the three months ended March 31, 2013, was $26.85 [Read more]

Hawk announces first quarter 2013 results

CALGARY, May 24, 2013 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") announces its results for the three months ended March 31, 2013. HIGHLIGHTS Highlights for the three months ended March 31, 2013 were as follows: Averaged 624 boe/d of production in the first quarter of 2013, a 44% increase over the 434 boe/d average production in the same period of 2012; Increased oil and liquids production by 49% in the first quarter of 2013 to 597 bbl/d compared to 402 bbl/d of oil and [Read more]

MEG Energy announces agreement to expand and extend credit facility

CALGARY, May 24, 2013 /CNW/ - MEG Energy Corp. ("MEG") today announced that it has expanded its senior secured revolving credit facility from US$1.0 billion to US$2.0 billion and has extended the maturity of the revolving credit facility by one year to 2018. The transaction was completed through an amendment of MEG's credit agreement. The revolving credit facility retains its covenant-lite structure and is currently undrawn. "The expansion of our credit facility provides MEG with additional [Read more]

Surge Energy Inc. Announces Settlement Agreement

CALGARY , May 23, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (SGY.TO) is pleased to announce that it has reached a mutually beneficial settlement agreement, whereby all third party objections to Surge's holding applications at Valhalla have been withdrawn.  The negotiated settlement includes compensation by Surge of $4.0 million for gas production over the past 30 months.  The agreement includes a commercial arrangement which accounts for and compensates the parties for any future [Read more]

3MV Energy Announces Appointment of Interim CEO

CALGARY, May 22, 2013 /CNW/ - 3MV Energy Corp. ("3MV" or the "Company") (TSXV:TMV.V) announces that Dallas C. Duce, a director of 3MV, has been appointed interim Chief Executive Officer. Dallas C. Duce has been a director of 3MV since November 4, 2010. Mr. Duce is an electrical technologist and owns Duce Developments Ltd. in Estevan, Saskatchewan. He is also the former owner of Duce Oil, which was a private oil and gas exploration and production company based in Estevan, Saskatchewan that was [Read more]

Whitecap Resources Inc. closes previously announced Dodsland Viking light oil acquisition

CALGARY , May 22, 2013 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (WCP.TO) is pleased to announce successful completion of the acquisition of an existing Viking light oil waterflood asset in the Dodsland area of west central Saskatchewan as previously detailed in our April 29, 2013 press release. The acquisition adds 900 boe/d (95 percent light oil) of high netback, operated production with a low base decline of 20 percent. Total consideration for the acquisition was $110 [Read more]

TriOil Resources Ltd. announces record first quarter 2013 results

CALGARY, May 21, 2013 /CNW/ - TriOil Resources Ltd. ("TriOil" or the "Company" - TSXV:TOL) is pleased to announce that it has filed its financial statements and related Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2013 on SEDAR.  Selected financial and operational information is outlined below and should be read in conjunction with TriOil's audited financial statements and related MD&A, available for review [Read more]