BOE Report

Cenovus oil production climbs 15% in first quarter

Refining operating cash flow increases 97% to $524 million Cash flow was $971 million, or $1.28 per share in the first quarter, an increase of 7% from the same period in 2012, mainly due to strong performance from the company's refining business. Operating cash flow from refining almost doubled to $524 million compared with the same quarter a year earlier. Combined oil sands production at Foster Creek and Christina Lake averaged more than 100,000 barrels per day (bbls/d) net in the first [Read more]

MEG Energy reports first quarter 2013 results – record production sets stage for transformational year

CALGARY, April 24, 2013 /CNW/ - MEG Energy Corp. ("MEG") today reported first quarter 2013 operational and financial results. Highlights include: Record quarterly production volumes of 32,531 barrels per day as MEG drives toward a 2013 exit production rate 30% to 50% higher than 2012 average volumes and a nearly 180% increase over 2012 averages by early 2015; Low net operating costs of $10.44 per barrel, which mitigated the challenging price environment through January and February - [Read more]

PanTerra Increases P+P NPV by 31% in 2012

TSX-V: PRC CALGARY , April 23, 2013 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Company") is pleased to announce that its oil and gas evaluation by the Company's independent engineering firm, Sproule Associates Limited for the year ended December 31, 2012 , conducted pursuant to National Instrument 51-101 standards of disclosure for oil and gas activities and the Canadian Oil and Gas Evaluation Handbook (COGEH) reserve definitions has increased by 31% over last years' reported [Read more]

TrinCan Capital Corp. announces shareholder meeting and proposed stock consolidation

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / KELOWNA, BC, April 22, 2013 /CNW/ - TrinCan Capital Corp. ("TrinCan" or the "Corporation") (TRN:TSX-V) is pleased to announce that it will hold its annual and special meeting on Friday, May 17, 2013 (the "Meeting") at its head office in Kelowna, British Columbia.  The Information Circular - Proxy Statement for the Meeting was mailed today to shareholders of record on April 17, 2013.  In addition to the [Read more]

Western Energy Services Corp. Completes Acquisition of IROC Energy Services Corp.

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, April 22, 2013 /CNW/ - Western Energy Services Corp. ("Western") (TSX:WRG.TO) and IROC Energy Services Corp. ("IROC") (TSXV:ISC.V) are pleased to announce the closing of the previously announced acquisition of IROC by Western. Further to the joint press release by Western and IROC datedFebruary 22, 2013, Western acquired all of the outstanding securities of IROC by way of a plan of [Read more]

Sunshine Oilsands Ltd.: Update on West Ells Project Capital Cost Estimate and Construction Schedule

This is an announcement made pursuant to the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571) and Rule 13.09 of the Rules Governing the Listing of Securities on the Stock Exchange. HONG KONG, April 22, 2013 /CNW/ - Sunshine Oilsands Ltd.("Sunshine") (HKEX: 2012; TSX: SUO) has undertaken a detailed review of its cost estimate and schedule for the West Ells SAGD Project, currently under construction near Ft. McMurray, Alberta. The installed cost [Read more]

Butte appoints CEO and President

/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/ TSXV:BEN CALGARY, April 19, 2013 /CNW/ - Butte Energy Inc. (the "Company") is pleased to announce that Mr. Ty Pfeifer was appointed CEO and President effective April 18, 2013. Charles Baker who is stepping down from his executive role to pursue other interests will continue to serve as a Director of the Company. Mr. Pfeifer, previously appointed as the Company's Vice President, Business Development, is [Read more]

IROC Energy Services Corp. provides a first quarter operational and transaction update

/THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN UNITED STATES OR TO ANY UNITED STATES NEWS SERVICES./ CALGARY, April 18, 2013 /CNW/ - IROC Energy Services Corp. ("IROC" or the "Corporation") (TSXV:ISC.V). In anticipation of the closing of the previously announced transaction between IROC and Western Energy Services Corp. (the "Western Transaction"), the Corporation is pleased to provide an update on IROC's first quarter activity as well as an update on the status of the Western [Read more]

Poseidon Concepts Corp. to be delisted from TSX

The TSX published a press release yesterday stating that it will be desisting Poseidon Concepts Corp. The Calgary-based oilfield services company has been grappling with a number of problems, including the discovery that most of its revenue in the first nine months of 2012 was improperly booked and must be restated. From the TSX press release: TORONTO , April 17, 2013 /CNW/ - DELISTING REVIEW Poseidon Concepts Corp. (the "Company") - Further to TSX Bulletin 2013-0347 dated April 10, 2013 , [Read more]

Legacy Oil + Gas Inc. announces closing of light oil corporate and asset Acquisitions

CALGARY, April 17, 2013 /CNW/ - Legacy Oil + Gas Inc. ("Legacy" or the "Company") (TSX:LEG.TO) has closed the acquisition of Villanova Oil Corp. ("Villanova") and the acquisition of light oil assets from a senior producer previously announced on April 3, 2013 (the "Acquisitions").  Through the Acquisitions, Legacy acquired high quality, high netback, light oil assets focused in its southeast Saskatchewan and Turner Valley core areas for total consideration of $108.6 million in cash (subject to [Read more]