BOE Report

International Petroleum Corp. Announces Strategic Acquisition To More Than Triple Production and Reserves

International Petroleum Corporation ("IPC" or the "Corporation") (TSX, Nasdaq First North: IPCO) is pleased to announce that a wholly-owned subsidiary of IPC has entered into an agreement with Cenovus Energy Inc. ("Cenovus") to acquire all of Cenovus' interests in the conventional oil and natural gas assets in the Suffield and Alderson areas of southern Alberta, Canada (the "Acquisition").  The purchase consideration for the Acquisition is CAD 512 million(1), subject to closing adjustments and [Read more]

Tidewater Midstream and Infrastructure Ltd. Announces Third Quarter 2017 Dividend

CALGARY, Alberta, Sept. 22, 2017 (GLOBE NEWSWIRE) -- Tidewater Midstream and Infrastructure Ltd. (TSXV:TWM) (the “Corporation”) is pleased to announce that its Board has declared a dividend for the third quarter 2017 of $0.01 per common share payable on or about October 31, 2017 to shareholders of record on September 29, 2017. The ex-dividend date is September 28, 2017. This dividend is an eligible dividend for the purpose of the Income Tax Act (Canada). The Corporation’s Business Tidewater [Read more]

Point Loma Resources Announces test rates of successful Nordegg recompletion and operational update

CALGARY, Alberta, Sept. 18, 2017 (GLOBE NEWSWIRE) -- Point Loma Resources Ltd. (TSX VENTURE:PLX) (the "Corporation" or “Point Loma”) is pleased to announce the test rates of the 5-31-55-6W5 well and provide an operational update. Highlights and Operational update Point Loma has recompleted its 5-31-55-6W5 Nordegg well higher in the section and after establishing flow the final 24 hour rates averaged 160 bpd oil, 850 mcfd gas and 428 bpd water; This test demonstrates the potential of [Read more]

Carrizo Oil & Gas Declares Dividend on Preferred Stock

HOUSTON, Sept. 18, 2017 (GLOBE NEWSWIRE) -- Carrizo Oil & Gas, Inc. (Nasdaq:CRZO) today announced that its Board of Directors approved a quarterly dividend of $9.00 per share to holders of the Company’s 8.875% Redeemable Preferred Stock. The dividend was paid on September 15, 2017, to holders of record on September 1, 2017. The initial preferred stock dividend covers the partial period since the close of the transaction, and the Company paid 100% of the preferred stock dividend in cash. [Read more]

Touchstone Provides Operational and Production Update

CALGARY, Alberta, Sept. 14, 2017 (GLOBE NEWSWIRE) -- Touchstone Exploration Inc. (“Touchstone” or the “Company”) (TSX:TXP) (LSE:TXP) is pleased to provide the following operational update. Highlights Achieved July 2017 and August 2017 crude oil sales of 1,349 and 1,591 barrels per day (“bbls/d”), respectively.  The first two wells of the 2017 drilling program drilled on the Coora 1 block have been on production for the last 90 days at an average combined rate of 202 bbls/d; current field [Read more]

Tanager Energy Announces Upgrade to OTCQB Listing and Changes Trading Symbol to “TANEF”

CALGARY, Alberta, Sept. 12, 2017 (GLOBE NEWSWIRE) -- Tanager Energy Inc. (“Tanager” or the “Corporation”) (TSX-V:TAN) (OTCQB:TANEF) is pleased to announce that effective September 8, 2017, the symbol for trading of Tanager’s common shares in the United States on the OTCQB® Venture Market (“OTCQB”) has changed from “MNIRF” to “TANEF”.  Tanager continues to trade on the TSX Venture Exchange (“TSX-V”) under the trading symbol “TAN”. Effective August 25, 2017, Tanager’s common shares were [Read more]

Bayshore Petroleum Corp. Announces Update on Private Placement Financing

CALGARY, Sept. 11, 2017 (GLOBE NEWSWIRE) -- Bayshore Petroleum Corp. (“Bayshore” or the “Company”) (TSX Venture Exchange:BSH) announced previously, on May 2, 2017, and updated on May 31, 2017, that the Company would pursue a non-brokered private placement financing consisting of up to 24 million common shares priced at $0.05 per share for gross proceeds of $1.2 million, less any commissions or finders fees paid.  Discussions with interested parties since that time have led to changes in the [Read more]

Gibsons Announces 1.1 Million Barrel Hardisty Terminal Expansion

CALGARY, Alberta, Sept. 11, 2017 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibsons” or the “Company”), (TSX:GEI), is pleased to announce the construction of 1.1 million barrels of new tankage at its Hardisty Terminal. The two 300,000 barrel tanks and one 500,000 barrel tank are expected to be placed in service in the third quarter of 2019 and will increase the total capacity of the terminal to 10 million barrels. The two 300,000 barrel tanks are underpinned by a long-term, fixed fee contract with [Read more]

Tidewater Midstream and Infrastructure Ltd. Extends and Increases Take-or-Pay Processing Agreement at Brazeau River Complex

CALGARY, Alberta, Sept. 06, 2017 (GLOBE NEWSWIRE) -- Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Company") (TSX VENTURE:TWM) is pleased to announce that in its ongoing effort to maximize utilization and secure long-term volumes it has extended the term of a take-or-pay processing agreement by an additional two years to December 2020 and increased the volume commitment by approximately 10 MMcf/d to 30 MMcf/d with provision to deliver volumes up to 45 MMcf/d throughout the [Read more]

Cenovus reaches agreement to sell Pelican Lake assets for approximately $1 billion

CALGARY, Alberta, Sept. 05, 2017 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) has entered into a definitive agreement to sell its Pelican Lake heavy oil operations, as well as other miscellaneous assets in northern Alberta for gross cash proceeds of $975 million. The sale is expected to close on or before September 30, 2017, subject to normal closing conditions. Proceeds from the sale will be applied against the $3.6 billion asset-sale bridge facility put in place to help fund [Read more]