BOE Report

First oil from the Edvard Grieg field, offshore Norway

Stockholm, 2015-11-30 08:00 CET (GLOBE NEWSWIRE) --   Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that first oil from the Edvard Grieg field in the Norwegian North Sea was achieved on 28 November 2015. The Edvard Grieg field has commenced production and marks the beginning of a transformational increase in Lundin Petroleum's production levels and cash flow generation going forward. Alex Schneiter, President and CEO of Lundin Petroleum comments: "I am extremely proud [Read more]

Victory Nickel Announces Debt Restructuring Package

TORONTO, Nov. 26, 2015 (GLOBE NEWSWIRE) -- Victory Nickel Inc. ("Victory Nickel" or the "Company") (TSX:NI, www.victorynickel.ca) today that it has entered into a debt restructuring agreement (the "Restructuring") with its secured lender (the "Secured Lender"), to restructure and extend the Company's US$5.15 million senior secured 14.8% notes (the "SPA Loan"), dated as of April 24, 2014 and amended June 3, 2015 plus accrued interest to September 30, 2015. In connection with this transaction, the [Read more]

Quattro Releases 3rd Quarter Financials Reporting Net Earnings of $0.01 Per Share

CALGARY, Alberta, Nov. 26, 2015 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to announce the filing of its third quarter 2015 financial statements, reporting net earnings of CDN $0.01 per share. The Company reported the following results for the 3 months ending September 30th, 2015: • Revenues $3,501,408 • Net income from operations, $ 11.70 per boe "Net [Read more]

Quattro Releases 3rd Quarter Financials Reporting Net Earnings of $0.01 Per Share

CALGARY, Alberta, Nov. 26, 2015 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to announce the filing of its third quarter 2015 financial statements, reporting net earnings of CDN $0.01 per share. The Company reported the following results for the 3 months ending September 30th, 2015: • Revenues $3,501,408 • Net income from operations, $ 11.70 per boe "Net Back" $1,589,167 • Net earnings, after tax of $0.01 [Read more]

Lundin Petroleum completes Selada exploration well, offshore Malaysia

Stockholm, 2015-11-26 08:24 CET (GLOBE NEWSWIRE) --   Lundin Petroleum AB (Lundin Petroleum) announces that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has completed the Selada-1 exploration well in Block PM308A, offshore Malaysia. The well was dry and has been plugged and abandoned. The well was targeting hydrocarbons in Miocene aged sands approximately 14 km to the south of the Bertam field operated by Lundin Malaysia. Selada-1 was drilled with the West Prospero [Read more]

Toscana Energy Announces Acquisition of Oil Assets

CALGARY, Alberta, Nov. 25, 2015 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana Energy" or the "Corporation") (TSX:TEI) is pleased to announce that it has entered into a Purchase and Sale Agreement to acquire assets (the "Assets") that produce, on average, 300 barrels a day of long life operated light oil production in southern Alberta, for $15,000,000 in cash. This acquisition represents the fourth purchase of large resource in place oil reserves this year adding to Toscana [Read more]

SemCAMS Acquires Pipelines, Compression and Dehydration Facilities in the Duvernay

CALGARY, Alberta, Nov. 24, 2015 (GLOBE NEWSWIRE) -- SemCAMS, a subsidiary of SemGroup® Corporation (NYSE:SEMG), today announced that it has acquired gas and condensate facilities in the Kaybob area of Alberta for approximately $38 million (Cdn). The recently constructed facilities include field compression, dehydration and condensate handling equipment which complements the previously announced SemCAMS KA North Condensate pipeline, KA North II gas pipeline and the KA Gas Plant condensate [Read more]

SemCAMS Acquires Pipelines, Compression and Dehydration Facilities in the Duvernay

CALGARY, Alberta, Nov. 24, 2015 (GLOBE NEWSWIRE) -- SemCAMS, a subsidiary of SemGroup® Corporation (NYSE:SEMG), today announced that it has acquired gas and condensate facilities in the Kaybob area of Alberta for approximately $38 million (Cdn). The recently constructed facilities include field compression, dehydration and condensate handling equipment which complements the previously announced SemCAMS KA North Condensate pipeline, KA North II gas pipeline and the KA Gas Plant condensate [Read more]

Noble Energy and BG International Agree to Partnership in Block 12 Offshore Cyprus

Houston, Nov. 23, 2015 (GLOBE NEWSWIRE) -- Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or “the Company”) announced today a farm-out agreement for a portion of its interest in Block 12 offshore Cyprus with BG International (“BG”).  BG is acquiring a 35 percent interest in Block 12, which includes the Aphrodite natural gas discovery, for total cash consideration of $165 million. Aphrodite, discovered in 2011, has gross mean natural gas resources of approximately four trillion cubic feet. The [Read more]

Lundin Petroleum spuds exploration well on the Ørnen prospect in the Barents Sea South

Stockholm, 2015-11-24 08:18 CET (GLOBE NEWSWIRE) --   Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced drilling of exploration well 7130/4-1 on the Ørnen prospect. The well 7130/4-1 will explore the Ørnen prospect in PL708, located on the eastern parts of the Finnmark Platform in the southern Barents Sea. The reservoir is expected to consist of Upper Permian carbonates. The Ørnen prospect is [Read more]