BOE Report

TransCanada Reports Fourth Quarter and Year-End 2015 Financial Results

CALGARY, ALBERTA--(Marketwired - Feb. 11, 2016) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced a net loss attributable to common shares for fourth quarter 2015 of $2.5 billion or $3.47 per share compared to net income of $458 million or $0.65 per share for the same period in 2014. For the year ended December 31, 2015, the net loss attributable to common shares was $1.2 billion or $1.75 per share compared to net income of $1.7 billion or $2.46 per share in 2014. [Read more]

Lightstream Announces 2015 Reserves and First Half 2016 Guidance

CALGARY, ALBERTA--(Marketwired - Feb. 11, 2016) - Lightstream Resources Ltd. ("Lightstream" or the "Company") (TSX:LTS) announces 2015 year-end reserves and first half 2016 guidance. HIGHLIGHTS 2015 RESERVES The net present value (before tax, discounted at 10%) of our 2015 year-end 2P reserves was $2.2 billion based on our independent reserve evaluation and, excluding debt, equates to $2.90 per basic share. Our 2015 year-end reserves evaluation resulted in 2P reserves of 142.4 MMboe [Read more]

Birchcliff Energy Ltd. Announces Unaudited 2015 Year-End Financial Results and Material Reserves Additions and Provides an Operational Update

CALGARY, ALBERTA--(Marketwired - Feb. 10, 2016) - Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) is pleased to announce its unaudited 2015 year-end and fourth quarter financial and operational results, with record annual average production of 38,950 boe per day and record low operating costs of $4.54 per boe in 2015, as well as highlights from its independent reserves evaluation effective December 31, 2015. Birchcliff is also pleased to provide an operational update. Birchcliff estimates [Read more]

Seven Generations Announces Increase to Private Placement Financing From $260 million to $300 million

CALGARY, ALBERTA--(Marketwired - Feb. 10, 2016) - Seven Generations Energy Ltd. (TSX:VII) is pleased to report that it has increased the size of its previously announced bought deal financing to 21,428,600 common shares at a price of $14.00 per share for gross proceeds of approximately $300 million, up from the $260 million that was announced in 7G's news release on February 9, 2016. In all other respects, the terms of the financing and use of proceeds remain as previously disclosed. This [Read more]

Kelt Reports Significant Increases in Reserves, Undeveloped Land and Production in 2015 and Provides Updated 2016 Guidance

CALGARY, AB--(Marketwired - February 10, 2016) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") has released its reserves and operating results for the year ended December 31, 2015. Kelt's audit of its 2015 annual consolidated financial statements has not been completed and accordingly all financial amounts relating to 2015 referred to in this news release are unaudited and represent management's estimates. Readers are advised that these financial estimates are subject to audit [Read more]

Seven Generations Announces $260 Million Common Share Private Placement Financing

CALGARY, ALBERTA--(Marketwired - Feb. 9, 2016) - Seven Generations Energy Ltd. (TSX:VII) has agreed to issue 18,571,600 common shares at a price of $14.00 per share for gross proceeds of approximately $260 million in a bought deal private placement financing. The proceeds are anticipated to be used for general corporate purposes - primarily 2016 capital investment aimed at growing liquids-rich natural gas production at the Company's Kakwa River Project. With the issuance of this additional [Read more]

Inter Pipeline Announces February 2016 Cash Dividend

CALGARY, ALBERTA--(Marketwired - Feb. 9, 2016) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) announced today the declaration of a cash dividend of $0.13 per share for February 2016. This dividend will be paid on or about March 15, 2016 to shareholders of record on February 23, 2016. This dividend is designated as an "eligible dividend" for Canadian tax purposes. Since inception, Inter Pipeline has distributed approximately $3.3 billion in cash payments to investors. Inter Pipeline's [Read more]

Saturn Minerals Inc. Announces Oil Discovery at Bannock Creek Project in Northeast Saskatchewan

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 9, 2016) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") is pleased to announce that the Company has made a new oil discovery in three separate potential pay zones at its 100% owned 9A-5-44-8W2 well ("9A-5") on its Bannock Creek project located near the town of Hudson Bay in northeast Saskatchewan. The discovery has been made in conjunction with technical teams from North Rim Exploration Ltd. and Axiom [Read more]

First Mountain Exploration, Point Loma Energy & Madalena Energy Jointly Announce Proposed Transactions on Canadian Assets and a Private Placement by Point Loma

CALGARY, ALBERTA--(Marketwired - Feb. 9, 2016) - First Mountain Exploration Inc. ("First Mountain") (TSX VENTURE:FMX), Point Loma Energy Ltd. ("Point Loma") and Madalena Energy Inc. (TSX VENTURE:MVN)(OTCQX:MDLNF) ("Madalena") are pleased to announce the following: First Mountain, Point Loma and Madalena have entered into arms-length non-binding letters of intent (the "Letters of Intent") dated February 8, 2016, pursuant to which it is proposed, among other things, that the following [Read more]

MicroSeismic, Inc. Announces Release of PIndex(TM), DIndex(TM) and Production Forecast

HOUSTON, TX--(Marketwired - Feb 9, 2016) - MicroSeismic, Inc. (MicroSeismic), the inventor and leader of surface microseismic monitoring, today announced the release of PIndex™, DIndex™ and Production Forecast -- proprietary completions evaluation services to quantify and predict reservoir drainage and production. These new services advance completions evaluation for unconventional wells beyond the commonly-used modeling approach to a new observation-based approach. The newly developed [Read more]