BOE Report

Northern Patriot Oil & Gas Ltd. Announces Application Seeking Distribution to Stakeholders and the Discharge of Receiver

CALGARY, ALBERTA--(Marketwired - Jan. 10, 2017) - Northern Patriot Oil & Gas Ltd. ("Northern Patriot" or the "Company"), by and through its Court-appointed receiver and manager Grant Thornton Limited, announces that Northern Patriot intends to seek, by way of application on January 20, 2017 at 3:00 p.m., at the Calgary Court Center, among other things, the following relief: (i) authorization to make a distribution to Northern Patriot's creditors and stakeholders, including all shareholders [Read more]

Savanna Commences Strategic Process, Reiterates Recommendation to Shareholders to Reject the Total Offer, Announces 2017 Capital Budget and Provides Operational Update

CALGARY, ALBERTA--(Marketwired - Jan. 10, 2017) - Savanna Energy Services Corp. ("Savanna" or the "Company") (TSX:SVY), announced today that it intends to commence the previously announced strategic alternatives process and open a data room this week for parties potentially interested in a transaction with Savanna. Qualified parties interested in accessing the confidential data room will be required to sign a confidentiality agreement. "Savanna has continued to receive expressions of interest [Read more]

Tanager Energy Announces Appointment of New Interim CFO

CALGARY, ALBERTA--(Marketwired - Jan. 9, 2017) - Tanager Energy Inc. ("Tanager" or the "Corporation") (TSX VENTURE:TAN) is pleased to announce that John Asel, CPA has been appointed as the Interim Chief Financial Officer of Tanager. Mr. Asel is the Chairman and Managing Member of Asel & Associates, PLLC, and has over 24 years' experience as a Texas Certified Public Accountant. Mr. Asel holds a Bachelor of Accountancy Degree from New Mexico State University. Mr. Asel's practice areas [Read more]

Inter Pipeline Announces January 2017 Cash Dividend

CALGARY, ALBERTA--(Marketwired - Jan. 9, 2017) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) announced today the declaration of a cash dividend of $0.135 per share for January 2017. This dividend will be paid on or about February 15, 2017 to shareholders of record on January 23, 2017. This dividend is designated as an "eligible dividend" for Canadian tax purposes. Since inception, Inter Pipeline has distributed approximately $3.8 billion in cash payments to investors. Inter [Read more]

Point Loma Resources Announces Tie-in of New Well and an Operational Update

CALGARY, AB--(Marketwired - January 09, 2017) - Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") is pleased to provide the following operational update; Highlights: Tie-in of 5-31-55-6W5M Nordegg new pool discovery well is complete and production commenced on December 22, 2016. Point Loma achieved an average production rate of 570 boe/d during the period of December 24-31, 2016. The composition of the production was 58 percent oil and NGLs. Two [Read more]

Seven Generations provides 2016 operational update

CALGARY, ALBERTA--(Marketwired - Jan. 6, 2017) - Seven Generations Energy Ltd. (TSX:VII) invested less than $1 billion in its 2016 capital program, compared to the company's forecast of $1.05 to $1.1 billion. This reduced capital investment resulted in lower than forecast fourth quarter production, which is now expected to result in 2016 average production of about 117,500 barrels of oil equivalent per day (boe/d), compared to 2016 production guidance of 120,000 to 125,000 boe/d. Corporate [Read more]

Pengrowth Announces Closing of Royalty Sale on Its Lindbergh Thermal Assets

CALGARY, ALBERTA--(Marketwired - Jan. 6, 2017) - Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) announces that it has closed its previously announced sale of a non-convertible 4.0% gross overriding royalty interest on its Lindbergh thermal assets and an interest in certain proprietary seismic for $250 million of aggregate cash proceeds. The cash proceeds from the transaction help to further strengthen the Company's balance sheet. Pengrowth has been working on enhancing its financial [Read more]

PrairieSky Closes Royalty Acquisition and Bought Deal Equity Financing

CALGARY, ALBERTA--(Marketwired - Jan. 6, 2017) - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX:PSK) is pleased to announce it has completed its previously announced acquisition of a 4% Gross Overriding Royalty on current and future phases of Pengrowth Energy Corporation's Lindbergh SAGD thermal oil project, as well as seismic over certain lands in British Columbia and Alberta, for total cash consideration of $250 million. The Company also completed the previously announced [Read more]

Zargon Oil & Gas Ltd. Announces Proposal to Amend Its Convertible Unsecured Subordinated Debentures

CALGARY, ALBERTA--(Marketwired - Jan. 6, 2017) - Zargon Oil & Gas Ltd. (the "Company" or "Zargon") (TSX:ZAR)(TSX:ZAR.DB) announced today that it will seek the approval of holders (the "Debentureholders") of its 6.00% convertible unsecured subordinated debentures due June 30, 2017 (the "Debentures") to amend certain terms of the Debentures at a meeting of Debentureholders expected to be held in February of 2017 (the "Meeting"). Debenture Amendments: The proposed amendments (the [Read more]

Pine Cliff Energy Ltd. Announces Resignation of CFO and Appointment of New CFO

CALGARY, ALBERTA--(Marketwired - Jan. 5, 2017) - Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX:PNE) announces the resignation of Kristi Kunec, Chief Financial Officer and Corporate Secretary, effective January 16, 2017. The Company would like to thank Ms. Kunec for her leadership and contributions during her tenure and wish her all the best in the future. Effective January 16, 2017, Pine Cliff's Board of Directors have appointed Cheryne Lowe as Chief Financial Officer and [Read more]