BOE Report

Pacific NorthWest LNG Applies for Export License

VANCOUVER, July 5, 2013 /CNW/ - Today Pacific NorthWest LNG applied to the National Energy Board (NEB) for a license to export liquefied natural gas (LNG) from its proposed LNG export facility in Port Edward, British Columbia. Pacific NorthWest LNG has applied for a license to export up to 19.68 million tonnes of LNG per year for 25 years beginning in 2019. "Today's filing for an NEB export license is another important step to bring this tremendous opportunity to reality. We believe the [Read more]

Penn West Exploration announces the resignation of Mr. Allan Markin

CALGARY, July 4, 2013 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT) (NYSE - PWE) ("PENN WEST")announces that effective July 5, 2013, Mr. Allan Markin will be stepping down from the Board of Penn West. On behalf of the Board of Directors, Chairman, Mr. Rick George commented "we appreciate the contributions Al has made to Penn West in the time he was on the Board.  We will continue to focus on many of the areas of value enhancement he championed." Penn West continues to progress its transition [Read more]

TriOil provides update on strategic process

  CALGARY, July 3, 2013 /CNW/ - (TSXV:TOL) TriOil Resources Ltd. ("TriOil" or the "Company") announces that it has entered into exclusive negotiations with another party in connection its previously announced strategic alternatives process. The exclusive negotiation period will likely continue through the end of August 2013. Although the terms, conditions and structuring details of any potential transaction are to be negotiated and discussed, TriOil and its counterparty are contemplating [Read more]

Surge announces closing of $240 million acquisition of Elite, large OOIP(1) crude oil asset; conversion of subscription receipts; and better than anticipated drilling results at Valhalla and Silver

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ CALGARY, July 3, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce the closing of the previously announced $240 million acquisition of an elite, operated, crude oil producing asset in the southwest area of Saskatchewan; the conversion of 34,500,000 Subscription Receipts into common shares of the Company pursuant to the previously announced $247.5 million equity [Read more]

Surge announces closing of $247.5 million equity financing

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ CALGARY, July 3, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce the closing of its previously announced $247.5 million equity financing. The financing was completed in connection with the previously announced acquisition (the "Acquisition") by the Company of certain assets in Saskatchewan.  The Company issued 15,000,000 units ("Units") of the Company on a [Read more]

Ivanhoe Addresses Fort McKay First Nation Concerns Regarding the Tamarack Project

CALGARY, July 2, 2013 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) announced today that it has established a long-term relationship with the community of Fort McKay, including the Fort McKay First Nation and the Fort McKay Metis Community Association.  This relationship is based on respect for the community's efforts to preserve their traditional way of life.  As a result of the establishment of this relationship, the community has provided a letter to the regulators confirming they have [Read more]

Second Wave Petroleum Inc. Announces Completion of Going Private Transaction

CALGARY, June 28, 2013 /CNW/ - Second Wave Petroleum Inc. (TSX:SCS) ("Second Wave" or the "Company") announces completion of the previously-announced going private transaction, pursuant to which Brookfield Bridge Lending Fund Inc. ("Brookfield"), the Company's controlling shareholder, has acquired all of the outstanding Second Wave common shares not already held by Brookfield and its affiliates for cash consideration of $0.30 per share. The transaction was completed today by plan of arrangement [Read more]

Enerplus Sells Non-Core Assets and Maintains Production Guidance

CALGARY, June 27, 2013 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) is pleased to announce that we have entered into agreements to sell various non-core assets in Canada for gross proceeds of approximately $80 million in order to further improve the focus and concentration within our portfolio. These assets consist primarily of non-operated properties producing approximately 1,000 BOE/day, of which roughly 90% is weighted to crude oil and natural gas liquids. The [Read more]

Bellatrix announces the closing of a $122 million joint venture in the Notikewin/Falher in the Willesden Green area and in the Cardium in the Brazeau area

CALGARY, June 27, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce it has closed a joint venture (the "Joint Venture") with Grafton Energy Co I Ltd. ("Grafton"), to accelerate development on a portion of Bellatrix's extensive undeveloped land holdings. The Joint Venture is in Willesden Green and Brazeau areas of West-Central Alberta. Under the terms of the agreement, Grafton will contribute 82%, or $100 million, to the $122 [Read more]

Statoil Canada and PTTEP Canada Limited donate $1million to Calgary and area flood relief

CALGARY, June 26, 2013 /CNW/ - Following the worst flooding in Alberta's history, Statoil Canada Ltd., a subsidiary of Norwegian energy company, Statoil ASA, and PTTEP Canada Limited, a subsidiary of Thailand-based PTT Exploration and Production Public Company Limited (PTTEP), will donate CDN$1-million (CDN$500,000 each) to the Canadian Red Cross to help residents affected by the flooding in Calgary and other communities in Southern Alberta. "Our thoughts are with everyone affected by this [Read more]