BOE Report

Athabasca Oil Corporation announces the departure of its President and the creation of an Executive Operations and Development Committee

CALGARY, May 6, 2013 /CNW/ - Athabasca Oil Corporation (TSX:  ATH) announces that Mr. Bryan Gould, president, has left the Company. "We appreciate the many contributions that Bryan made during his time with Athabasca and wish him all the best in his future endeavours." said Mr. Sveinung Svarte, chief executive officer. Effective immediately, Mr. Svarte will assume the responsibilities of president, in conjunction with his role as chief executive officer. The company has formed an executive [Read more]

Whitecap Resources Inc. Announces 2013 First Quarter Results as a Dividend-Growth Company

CALGARY, May 6, 2013 /CNW/ - Whitecap Resources Inc. ("Whitecap", "we", "us", "our" or the "Company") (TSX:WCP.TO) is pleased to announce that we have filed on SEDAR our unaudited interim 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 Whitecap's unaudited interim financial statements and related MD&A which are [Read more]

Second Wave Petroleum Inc. Announces Debenture Financing and Going Private Transaction Proposal

CALGARY, May 6, 2013 /CNW/ - Second Wave Petroleum Inc. (TSX:SCS.TO) ("Second Wave" or the "Company") announces that it has entered into an agreement with Brookfield Bridge Lending Fund Inc. ("Brookfield"), the Company's controlling shareholder, to issue a $17.5 millionprincipal amount 7.5% secured convertible debenture (the "Debenture") to meet immediate capital requirements, and has also received a non-binding proposal from Brookfield to effect a going private transaction at a cash price [Read more]

Penn West Exploration announces the appointments of Mr. Rick George as Chairman of the Board and Mr. Allan Markin as Vice-Chairman of the Board

CALGARY , May 5, 2013 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("PENN WEST") is pleased to announce that effective immediately it has added two of the energy industry's most successful and distinguished leaders to its Board of Directors ("the Board") with the appointment of Mr. Rick George , as Chairman, and Mr. Allan Markin , as Vice-Chairman. Mr. George was instrumental in the building of one of Canada's most successful energy companies, Suncor Energy Inc. ("Suncor"). Mr. [Read more]

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]