BOE Report

Cardinal Energy Ltd. Updates Guidance and Reduces Dividend

CALGARY, ALBERTA--(Marketwired - Jan. 14, 2016) - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) believes it is prudent to reset the Company's budget to reflect the prolonged downturn in oil prices. Cardinal has reduced its 2016 capital expenditure program from $35 million to $25 million. With the reduced capital program Cardinal expects to produce an average of 14,600 boe/d in 2016, consistent with our previous guidance. Q4 2015 production averaged approximately 13,800 boe/d. We [Read more]

Yoho Resources Inc. Announces Year End Financial Results and Pro-Forma Reserves Information as at September 30, 2015

CALGARY, ALBERTA--(Marketwired - Jan. 14, 2016) - Yoho Resources Inc. (TSX VENTURE:YO) ("Yoho" or the "Company") has filed today on SEDAR the financial statements for the year ended September 30, 2015 and the related managements' discussion and analysis ("MD&A"). Copies of these documents may be found on www.sedar.com. In December 2015, subsequent to its 2015 fiscal year end, Yoho closed a transaction to sell a portion of its Duvernay assets in the Kaybob area of Alberta for cash [Read more]

Anderson Energy Inc. Cancels January 18, 2016 Special Meeting of Its Debentureholders

CALGARY, ALBERTA--(Marketwired - Jan. 14, 2016) - Anderson Energy Inc. ("Anderson" or the "Company") (TSX:AXL) announces the cancellation of the special meeting of the holders of 7.50% Series A convertible unsecured subordinated debentures due January 31, 2016 (the "Series A Debentures") and holders of 7.25% Series B convertible unsecured subordinated debentures due June 30, 2017 (the "Series B Debentures", and together with the Series A Debentures, the "Debentures"). The special meeting had [Read more]

Raise Production Inc. Provides Operational Update

CALGARY, ALBERTA--(Marketwired - Jan. 14, 2016) - Raise Production Inc. (TSX VENTURE:RPC) ("Raise" or the "Company") is pleased to provide an update to its shareholders on the operational status of its Horizontal Wellbore Production System (the "System") and its rod pump technology. The System was deployed successfully in the test partner wellbore prior to year-end. All down hole components tested and functioned as per design. The Company anticipates activating the System within the next [Read more]

Policy Uncertainty Main Reason for Reduced Investor Confidence in Alberta’s Oil and Gas Sector

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CALGARY, ALBERTA--(Marketwired - Jan. 14, 2016) - Lagging investor confidence in Alberta's oil and gas sector has more to do with policy uncertainty than a lack of pipelines to get oil to market, concludes a new research bulletin released today by the Fraser Institute, an independent, non-partisan, Canadian public policy think-tank. Pipelines or Policies: What's Behind the Fall in Investor Confidence in Alberta? examines whether investor perceptions of Alberta's energy industry are driven [Read more]

Petrus Resources Announces Closing of Subscription Receipt Financing and Conditional TSX Listing Approval

CALGARY, ALBERTA--(Marketwired - Jan. 14, 2016) - Petrus Resources Ltd. ("Petrus" or the "Company") is pleased to announce that Petrus Acquisition Corp. ("New Petrus") has completed the previously announced bought deal financing of 16,217,000 subscription receipts ("Subscription Receipts") at an issue price of $1.85 per Subscription Receipt (the "Private Placement") for aggregate gross proceeds of approximately $30 million with a syndicate of underwriters led by FirstEnergy Capital Corp. [Read more]

Potential First-Half 2016 Natural Gas Production Kick-Offs Amount to $57 Billion, but Many Could Be Cut Short, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Jan 14, 2016) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Reflecting a drop a year earlier, oil prices plunged in fourth-quarter 2015, prompting questions regarding the future of planned natural-gas related investments by big energy companies. The price drop in fourth-quarter 2015 wasn't as big as the one in the same quarter a year earlier, but it still left companies reeling. Within this article: Details of LNG projects such as [Read more]

Evok Innovations Announces $100M Cleantech Fund for Energy Industry Challenges

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 14, 2016) - Evok Innovations ("Evok"), a unique partnership between the BC Cleantech CEO Alliance and two Canadian energy companies, Cenovus Energy and Suncor Energy, launched today. Evok is a new cleantech fund which aims to accelerate the development and commercialization of impactful energy solutions to address the most pressing environmental and economic challenges facing the oil and gas sector today. Cenovus and Suncor have each committed up [Read more]

Touchstone Announces Credit Facility Covenant Update and Refiling of Q3 2015 Management’s Discussion and Analysis

CALGARY, ALBERTA--(Marketwired - Jan. 14, 2016) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX:TXP) announces an update on its credit facility covenants and the refiling of its September 30, 2015 Management's Discussion and Analysis ("MD&A"). As previously disclosed, the Company was in breach of its monthly production volume bank facility covenant for the calendar months of October and November 2015. The Company is pleased to announce that it executed a waiver with [Read more]

CNG Sector Powering Global Markets for Natural Gas Storage With 28.7% CAGR, Reports BCC Research

WELLESLEY, MA--(Marketwired - January 14, 2016) - The global market for compressed natural gas (CNG) should more than triple in value between 2015 and 2020. BCC Research reveals in its new report that global growth of the natural gas vehicle (NGV) industry, enhanced by increased automobile fuel efficiency attributed to CNG, will be a key market driver, spurring overall growth of the global natural gas storage market.The global natural gas storage market should reach $796.4 billion in 2020, up [Read more]