BOE Report

Canadian Spirit Resources Inc. to Shut in Natural Gas Production at Farrell Creek, Northeastern British Columbia

CALGARY, ALBERTA--(Marketwired - March 21, 2016) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI) (OTCBB:CSPUF) and its joint venture partner, Canbriam Energy Inc., have elected to shut in their natural gas production at Farrell Creek effective March 31, 2016. The continued deterioration in North American natural gas prices accompanied by the further discounted price experienced by producers in northeastern British Columbia producing into the Spectra main [Read more]

Terra Energy Corp. Announces Shut-In of Production, Cessation of Operations and Resignation of Directors and Officers

CALGARY, ALBERTA--(Marketwired - March 21, 2016) - Terra Energy Corp. ("Terra" or the "Company") (TSX:TT) in furtherance of its announcement of March 18, 2016, that its lender, Canadian Western Bank (CWB), has made a demand on Terra, as debtor, and each of its Guarantors for payment in full of Terra's outstanding indebtedness plus accrued interest, costs and fees and that CWB provided Terra and each of its Guarantors with a Notice of Intention to Enforce Security under section 244(2) of the [Read more]

DXI Energy Releases P&NG Reserves Data for 2015

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 18, 2016) - DXI Energy Inc. (TSX:DXI) (NYSE MKT:DXI) ("DXI Energy" or the "Company") announces today that it has released its P&NG reserves data for 2015. Consolidated petroleum and natural gas ("P&NG") reserves in Canada and the USA were 13,992,000 BOE at December 31, 2015. Ninety-six percent (96%) of the Company's P&NG reserves at December 31, 2015 are located in the USA at the Company's "Kokopelli" project in Garfield County, [Read more]

Range Announces Conference Call to Discuss First Quarter 2016 Financial Results

FORT WORTH, TX--(Marketwired - Mar 18, 2016) - RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that its first quarter 2016 financial results news release will be issued Thursday, April 28 after the close of trading on the New York Stock Exchange. A conference call to review the financial results is scheduled on Friday, April 29 at 9:00 a.m. ET (8:00 am CT). To participate in the call, please dial 877-407-0778 and ask for the Range Resources first quarter 2016 financial results [Read more]

Royal Energy Resources Acquires Majority Interest and Control of Rhino Resource Partners

CHARLESTON, SC--(Marketwired - Mar 18, 2016) - Royal Energy Resources, Inc. ("Royal") (OTCQB: ROYE) is pleased to announce that effective March 17, 2016 it has assumed control of Rhino Resource Partners, LP ("Rhino") (OTCQB: RHNO), with the acquisition of all of the issued and outstanding membership interests of Rhino GP LLC, the general partner of Rhino, as well as 9,455,252 issued and outstanding Subordinated Units from Wexford Capital LP ("Wexford").  The Subordinated Units purchased [Read more]

The Energy Report Interviews Dallas Salazar

SAN FRANCISCO, CA--(Marketwired - March 18, 2016) - The low price of oil has meant that a lot of companies are going broke, but not so with Torchlight Energy Resources Inc. (NASDAQ: TRCH). A subsidiary of an $11 billion dollar NYSE company is spending $50 million, fully funding the development of Torchlight's Orogrande project over the next 24 months.Torchlight Energy is out with an update that comes roughly 30 days after the company updated venture investors that it had decided to move on from [Read more]

Tamarack Valley Energy Ltd. Closes $43.7 Million Bought Deal Financing

CALGARY, ALBERTA--(Marketwired - March 18, 2016) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX:TVE) is pleased to announce that it has closed its previously announced bought deal financing of 14,966,100 common shares ("Common Shares") at a price of $2.92 per Common Share for aggregate gross proceeds of approximately $43.7 million which included the exercise in full of the over-allotment option of 1,952,100 Common Shares (the "Offering"). The syndicate of underwriters was led [Read more]

Terra Energy Corp. Announces Demand by Lender to Repay Outstanding Indebtedness and Notice of Intention to Enforce Security, Employment Terminations and Shut-in of Production

CALGARY, ALBERTA--(Marketwired - March 18, 2016) - Terra Energy Corp. (TSX:TT) ("Terra" or the "Company") announces that its lender, Canadian Western Bank ("CWB"), has made demand upon Terra, as debtor, and Terra Energy Partnership, Terra's wholly-owned subsidiaries, Constar Resources Ltd., Noram Energy Worx Inc. and 1289710 Alberta Ltd., as guarantors, (collectively, the "Guarantors") for payment in full of Terra's outstanding indebtedness in the aggregate amount of approximately $15.9 million [Read more]

ShaMaran 2015 Year End Financial and Operating Results

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 18, 2016) - ShaMaran Petroleum Corp. ("ShaMaran" or the "Company") (TSX VENTURE:SNM)(OMX:SNM) is pleased to announce its financial and operating results for the year ended December 31, 2015. Unless otherwise stated all currency amounts indicated as "$" in this news release are expressed in thousands of United States dollars. Construction of the 30,000 bopd Atrush Phase 1 Production Facility ("Production Facility") is in progress. [Read more]

Pine Cliff Energy Ltd. Announces its Fourth Quarter and Annual 2015 Results

CALGARY, ALBERTA--(Marketwired - March 17, 2016) - Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX:PNE) is pleased to announce its fourth quarter and year-end financial and operating results and the filing of its 2015 disclosure documents. Included in the Canadian filings were Pine Cliff's annual information form ("AIF"), including disclosure and reports related to reserves data and other oil and gas information pursuant to National Instrument 51-101 Standards of Disclosure for Oil [Read more]