BOE Report

Rosa Capital Inc. and Raimount Energy Inc. Complete Three-Cornered Amalgamation

CALGARY, ALBERTA--(Marketwired - Dec. 15, 2015) - Rosa Capital Inc. ("Rosa") (TSX VENTURE:RSA.P) and Raimount Energy Inc. ("Raimount") (TSX VENTURE:RMT) are pleased to jointly announce that they have completed the three-cornered amalgamation pursuant to an amalgamation agreement dated November 3, 2015 (the "Amalgamation Agreement"), together with 1929281 Alberta Ltd. ("AcquisitionCo"), a wholly owned subsidiary of Raimount (the "Transaction"). The Transaction was initially announced in a [Read more]

Eagle Energy Trust Confirms December 2015 Distribution

CALGARY, ALBERTA--(Marketwired - Dec. 15, 2015) - Eagle Energy Trust (TSX:EGL.UN) ("Eagle") confirms its December 2015 distribution. The cash distribution to be paid on January 22, 2016, in respect of the period from December 1, 2015 to December 31, 2015, for unitholders of record on December 31, 2015 will be $0.015 per trust unit. The ex-distribution date is December 29, 2015. The annualized distribution of $0.18 per trust unit represents a cash-on-cash yield of 15.3% based on the [Read more]

More North American Oil & Gas Producers Announce Reduced Capex for 2016, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Dec 15, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- For much of the Oil & Gas Production Industry, 2016 could well be known as the Year of the Cutbacks, as companies dial back on capital expenditures amid tough markets, refocus their spending and see the completion or push-back of major projects. In recent days, ConocoPhillips Company (NYSE:COP) (Houston, Texas), Chevron Corporation (NYSE:CVX) (San Ramon, California) and Encana [Read more]

Anderson Energy Mails Notice of Meeting and Management Information Circular Related to a Proposal to Debentureholders

CALGARY, ALBERTA--(Marketwired - Dec. 14, 2015) - Anderson Energy Inc. ("Anderson" or the "Company") (TSX:AXL) announces that the notice of meeting and management information circular (the "Circular") related to the previously announced proposal to the holders of its outstanding convertible debentures (the "Debentureholders") was mailed on December 11, 2015. The meeting will be held on January 11, 2016 for Debentureholders of record on December 7, 2015. At the meeting, Debentureholders will [Read more]

Saturn Minerals Inc. Announces Update of Bannock Creek Oil Exploration Well

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 14, 2015) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") announces that further to the Company's news release dated December 8, 2015, the Company's technical team and advisors tested the ground conditions again on December 11 and 13 for drilling the Bannock Creek 9A-5 exploration oil well. All parties determined that ground conditions were not yet ideal for moving heavy equipment to the well site. It is [Read more]

Rock Energy Inc. Announces a 38% Increase in Total Proven Plus Probable Reserves as of November 30, 2015; Replacing 439% of Its Production During the Period

CALGARY, ALBERTA--(Marketwired - Dec. 14, 2015) - Rock Energy Inc. (TSX:RE) ("Rock" or the "Company") is pleased to report a corporate reserves update effective November 30, 2015. This reserves update was undertaken by Rock's independent reserve evaluator, GLJ Petroleum Consultants ("GLJ"). The report on such reserves (the "GLJ Report") was prepared in accordance with definition, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook National Instrument 51-101 [Read more]

Canadian Spirit Resources Inc. Announces Closing of Private Placement

CALGARY, ALBERTA--(Marketwired - Dec. 14, 2015) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI)(OTCBB:CSPUF) is pleased to announce that, effective December 11, 2015, it has closed its previously announced private placement of Flow-through Shares (see News Release dated December 1, 2015). The private placement offering was for a minimum of 7,500,000 and a maximum of 12,500,000 common shares of the Corporation issued on a flow-through basis pursuant to the Income [Read more]

As LNG Boom Creates Supply Glut, Many Turn to ‘Micro LNG’ for Small-Scale Solutions, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Dec 14, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The liquefied natural gas (LNG) market, which has stunned industry observers with its exponential growth in the past few years, may become a victim of its own success. With low prices and weakening demand possibly leaving producers with a costly glut, many are turning to "micro LNG" as an economic alternative. In the U.S. and Canada alone, Industrial Info is tracking 20 LNG-production [Read more]

Striker Exploration Corp. Announces Operational Update and Agreement to Sell Non-Core Assets for $5.2 Million

CALGARY, ALBERTA--(Marketwired - Dec. 14, 2015) - Striker Exploration Corp. ("Striker" or the "Company") (TSX VENTURE:SKX) is pleased to announce an operational update and the entering into of a definitive agreement for the disposition of certain non-core assets for cash consideration of $5.2 million ("the Disposition"). Upon completion of the Disposition, Striker estimates that it will exit 2015 with a net debt of $8.0 million, or approximately 0.6 times debt to trailing cash flow. OPERATIONAL [Read more]

Trinidad Drilling Ltd. Announces 2016 Capital Program, Additional Cost Cutting Measures and Amendments to Its Credit Facility and Debt Covenants

CALGARY, ALBERTA--(Marketwired - Dec. 14, 2015) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Trinidad Drilling Ltd. ("Trinidad" or "the Company") (TSX:TDG) announces today that it expects to spend approximately $30 million in capital expenditures in 2016, with an additional $15 million available to be spent on select upgrades, depending on industry conditions. The capital budget is largely comprised of capital maintenance [Read more]