BOE Report

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]

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]