BOE Report

Advantage Announces First Quarter 2013 Results

Solid Operating and Financial Results Supports Development Plan to Double Production at Glacier (TSX: AAV, NYSE: AAV) CALGARY, May 9, 2013 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce the financial and operating results for the three months ended March 31, 2013. The following press release summarizes and discusses the unconsolidated financial and operating highlights for Advantage (excludes Longview Oil Corp). Three months [Read more]

Marquee Energy announces significant advances in Michichi area and adopts advance notice by-law

CALGARY, May 9, 2013 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") is pleased to provide an operations update on its core Michichi area. The results from the Company's latest round of drilling started in Q4-2012 demonstrate the significant advancement in the Company's knowledge of the area. The Company is also pleased to announce that its board of directors has approved the adoption of an advance notice by-law on May 9, 2013. Michichi Early in Q4-2012 Marquee [Read more]

Whitecap announces increase to credit facilities

CALGARY, May 9, 2013 /CNW/ - Whitecap Resources Inc. ("Whitecap", "we", "our" or the "Company") (TSX:WCP.TO) is pleased to announce that based on the annual borrowing base review, our lenders have agreed to increase our credit facility 16 percent to $520 million from the previous $450 million. The increase does not include our recent Dodsland Viking light oil acquisition announced on April 29, 2013 and reflects the high quality nature of our assets and their ability to generate considerable cash [Read more]

Surge Energy Inc. announces management changes, private placement and sale of non-core assets

CALGARY, May 8, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX:SGY.TO) is pleased to announce certain senior management changes, effective immediately, a private placement of up to $2.5 million, and the sale of certain non-core, non-operated assets for proceeds of approximately US$42.75 million. MANAGEMENT CHANGES: The Board of Directors of Surge ("Board") is pleased to announce that they have unanimously agreed to appoint Mr. Paul Colborne as the President and CEO of Surge, [Read more]

Longview Announces Executive Appointment

CALGARY , May 8, 2013 /CNW/ - Longview Oil Corp. ("Longview" or the "Corporation") is pleased to announce that Mr. Lionel Derochie has been appointed to the position of Vice President of Operations effective May 1 , 2013. Mr. Derochie has over 30 years of experience in the Western Canadian oil & gas industry with a focus on reservoir engineering, production and enhanced oil recovery operations. He is a graduate of Queen's University with a Bachelor of Science in Engineering Physics and spent [Read more]

Bellatrix Exploration Ltd. Announces First Quarter 2013 Financial Results

TSX, NYSE MKT: BXE CALGARY, May 8, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces its financial and operating results for the three months ended March 31, 2013. Forward-Looking Statements This press release, including the report to shareholders, contains forward-looking statements.  Please refer to our cautionary language on forward-looking statements and the other matters set forth at the beginning of the management's discussion and [Read more]

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]