BOE Report

Gibson Energy Inc. Announces Additional Storage Tankage

CALGARY, May 3, 2013 /CNW/ - Gibson Energy Inc. ("Gibson" or the "Company"), TSX: GEI, is pleased to announce that it has received committed customer support for an additional 500,000 bbl crude oil storage tank at the Company's Hardisty Terminal. This new tank will be constructed on the Company's eastern Hardisty lands along with the two 400,000 bbl tanks announced in September, 2012 and the 300,000 bbl tank (now revised to 400,000 bbl) announced last month.  Details are as follows: Site [Read more]

Penn West Exploration announces its financial results for the first quarter ended March 31, 2013 and the appointment of a new Chairman

CALGARY, May 2, 2013 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("PENN WEST") is pleased to announce its results for the first quarter ended March 31, 2013. All figures are in Canadian dollars unless otherwise stated. BOARD OF DIRECTORS The Board of Directors of Penn West (the "Board") has commenced a renewal process. EffectiveMay 1, 2013, Mr. Jack Schanck, a Director of Penn West since 2008, assumed the position of Chairman of the Board. Mr. Schanck has over 37 years of direct [Read more]

ARC Resources Ltd. reports first quarter 2013 results

CALGARY , May 1, 2013 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its first quarter 2013 operating and financial results. First quarter production was 95,472 boe per day and funds from operations were $202.4 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 months ended March 31, 2013 and 2012, are available on ARC's website [Read more]

Vermilion Energy Inc. Announces Results for the Three Months Ended March 31, 2013

CALGARY, May 1, 2013 /CNW/ - Vermilion Energy Inc. ("Vermilion" or the "Company") (TSX, NYSE: VET) is pleased to report interim operating and unaudited financial results for the three months ended March 31, 2013. HIGHLIGHTS Recorded average production of 38,707 boe/d during the first quarter of 2013, compared to 36,265 boe/d in the fourth quarter of 2012. Quarter-over-quarter growth was primarily attributable to strong Canadian and European production volumes, partially offset by [Read more]

Advantage Announces Closing of Non-Core Asset Disposition to Questfire and a Revised Credit Facility

(TSX: AAV, NYSE: AAV) CALGARY , April 30, 2013 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") (AAV.TO) (AAV) is pleased to announce the closing of the previously announced transaction with Questfire Energy Corp. ("Questfire") (a TSX-V listed company) for the sale of substantially all of Advantage's remaining non-core assets. The consideration received by Advantage consisted of $40.2 million of cash, a $32.6 million Convertible Senior Secured Questfire Debenture (the [Read more]

Athabasca Oil Corporation reports voting results of election of directors

CALGARY , April 30, 2013 /CNW/ - Athabasca Oil Corporation (ATH.TO) announces that at its annual general meeting of shareholders held on April 30, 2013 , each of the six nominees proposed as a director and listed in its information circular - proxy statement dated March 21, 2013 were elected as directors. The results of the voting for each nominee are as follows: Nominee Votes For Votes Withheld No. % No. % Tom Buchanan 165,236,559 94.26% 10,065,382 5.74% Gary [Read more]

Whitecap Resources Inc. announces completion of arrangement with Invicta Energy Corp. and results of shareholders’ meeting

CALGARY , April 30, 2013 /CNW/ - Whitecap Resources Inc. ("Whitecap") (WCP.TO) is pleased to announce that Whitecap has completed the previously announced acquisition of Invicta Energy Corp. ("Invicta") (VCA.V) pursuant to a plan of arrangement (the "Arrangement") under the provisions of theBusiness Corporations Act (Alberta). Whitecap has acquired all of the issued and outstanding common shares of Invicta for $219,324 in cash and the issuance of an aggregate of 4,832,188 common shares of [Read more]

First Mountain Exploration Ltd. completes property acquistion and files 2012 financial results

CALGARY , April 30, 2013 /CNW/ - First Mountain Exploration Ltd. ("First Mountain") (TSX Venture: FMX) is pleased to announce that it has closed the acquisition of producing oil and gas properties in the Lanaway and Fir areas of Alberta for cash consideration of $400,000 , before closing adjustments and related costs as previously announced on April 17, 2013 . First Mountain has filed on SEDAR its audited annual financial statements ("Financial Statements") and related management's discussion [Read more]

Ironhorse Announces 2012 Financial and Operating Results and Year-end Reserves

CALGARY , April 30, 2013 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (IOG.V) announces its 2012 financial and operating results and year-end reserves information. The Company's year-end reserves evaluation with the effective date of December 31, 2012 was prepared by GLJ Petroleum Consultants Ltd. and Sproule Associates Limited in accordance with definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook ("COGE Handbook") and NI 51-101 [Read more]

Athabasca Oil Corporation Advances the Development of its Thermal and Light Oil Assets and Reports First Quarter 2013 Results

CALGARY, April 30, 2013 /CNW/ - Athabasca Oil Corporation (TSX:ATH.TO) is pleased to report its first quarter 2013 results. Highlights include: In the Thermal Oil Division, construction at Hangingstone Project 1 is currently proceeding as planned. Appraisal programs to further delineate bitumen resources at Hangingstone Project 2 and Dover West Sands continued along with a third production phase of the Thermal Assisted Gravity Drainage ("TAGD") Leduc Pilot and Demonstration Project at Dover [Read more]