BOE Report

Yangarra Announces First Quarter 2013 Financial and Operating Results

CALGARY, May 21, 2013 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSXV:YGR.V) announces its financial and operating results for the three months endedMarch 31, 2013. Highlights of the quarter ended March 31, 2013 are as follows: Production was 1,809 boe/d (47% oil and NGL's) with production negatively impacted by 200 boe/d shut-in due to the drilling of new wells on existing pad sites. Oil and gas sales including royalty income was $7.7 million with funds flow from [Read more]

Teine Energy Ltd. Closes on a USD $300 Million Senior Secured Second Lien Term Loan and Refinances Revolving Credit Facility

CALGARY, May 21, 2013 /CNW/ - Teine Energy Ltd. today announced that it entered into a Senior Secured Second Lien Term Loan providing for USD $300 million of funds with a final maturity date of May 17, 2019. Pricing on the new term loan was set at L+625 with a 1.25% LIBOR floor, offered at 98.5. The proceeds will be used to refinance the Company's existing revolving credit line, to fund an expanded drilling program and for general corporate purposes. The Company concurrently refinanced its [Read more]

Advantage Announces Significant Increase in Reserves & Contingent Resources and Updates Guidance & Strategic Alternatives Process

CALGARY, May 21, 2013 /CNW/ - Highlights: Total Petroleum Initially in Place ("TPIIP") at Glacier increased to 16.0 Tcf 2P Reserves plus 2C Contingent Resources increased to 5.9 Tcfe 2C Contingent Resources increased to 4.20 Tcfe; 72% of which is contained in the liquids rich Middle Montney intervals that are approximately 150 meters thick 2P Reserves grew to 1.61 Tcfe which includes 11 million barrels of NGLs Our Special Committee's financial advisors will immediately [Read more]

ShawCor Names New Chair & Vice Chair And Reports Voting Results from Annual General Meeting

TORONTO, May 17, 2013 /CNW/ - ShawCor Ltd. (TSX:SCL.TO) announced today that its Board of Directors had appointed independent director John F. (Jack) Petch as its new Chair of the Board.  Mr. Petch joined the ShawCor Board in 2005 and has previously served as its Lead Director, Chair of the Corporate Governance Committee and Chair of the Special Committee which was constituted in the fall of 2012 in connection with ShawCor's strategic review process. Another independent director, Robert J. [Read more]

Palliser Oil & Gas Corporation Reports First Quarter 2013 Financial and Operating Results

/NOT FOR DISTRIBUTION IN THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / CALGARY , May 16, 2013 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSXV: PXL) is pleased to announce financial and operating results for the three months ended March 31, 2013 . Certain selected financial and operational information is set out below and should be read in conjunction with Palliser's unaudited condensed financial statements complete with the notes [Read more]

Equal Energy Announces Shareholder Vote Results, Names New Chairman

OKLAHOMA CITY , May 16, 2013 /CNW/ - Equal Energy Ltd. (EQU) (TSX:EQU.TO) is pleased to announce the appointment of Michael Doyle as Chairman. Equal thanks Dan Botterill, the previous Chairman who did not stand for re-election and two other outgoing directors also not standing for re-election, Roger Giovanetto and Peter Carpenter , for their dedicated service. At the Annual and Special Meeting of Shareholders, held on May 13, 2013 , all seven director nominees were elected by a majority of [Read more]

Whitecap Resources Inc. Announces Closing of Previously Announced Offerings

/NOT FOR DISTRIBUTION IN THE UNITED STATES ./ CALGARY , May 16, 2013 /CNW/ - - Whitecap Resources Inc. ("Whitecap") is pleased to announce that it has closed its previously announced public offering of 10,393,000 common shares, including 1,114,000 common shares issued pursuant to the full exercise of the over-allotment option, with a syndicate of underwriters led by GMP Securities L.P. and National Bank Financial Inc. and including Dundee Securities Ltd., FirstEnergy Capital Corp., Macquarie [Read more]

McCoy Corporation appoints permanent Chief Financial Officer

EDMONTON, May 16, 2013 /CNW/ - McCoy Corporation("McCoy" or "the Company") (TSX:MCB.TO), a supplier of innovative products and services for the global energy industry, today announced the appointment and promotion ofMr. Jacob Coonan as the Company's Chief Financial Officer ("CFO"), effective immediately. "Jacob has excelled in his role as Interim CFO, demonstrating strong leadership and a great depth of knowledge," said Jim Rakievich, President and CEO of McCoy. "The Board of Directors and I [Read more]

Marquee Energy announces first quarter results, increases production to 2,266 boe/d, increases oil and NGL weighting to 63%

CALGARY, May 15, 2013 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") is pleased to announce its first quarter 2013 operating and financial results. ACHIEVEMENTS AND HIGHLIGHTS The Company achieved significant increases in both production and the oil and liquids proportion of production in the quarter.  The Company's core Michichi and Lloydminster areas now represent 65% of total production, and 77% of total oil and liquids production, compared to 10% and 16% [Read more]