BOE Report

Husky Energy Lowers Break Even to Sub-$40 US WTI, Announces 2016 Guidance

CALGARY, AB--(Marketwired - December 08, 2015) - Husky Energy (TSX: HSE) continues to build on its resilience with a focus on growing profitably and further lowering its cost structure. "Five years ago, Husky set out its balanced growth strategy, which included a deliberate decision to remain diverse, physically integrated and transition into a low sustaining capital business," said CEO Asim Ghosh. "We continue to reap the benefits of the changes we have implemented. We have substantially [Read more]

Sunshine Oilsands Ltd.: Inside Information-Commencement of Production at the West Ells Project

  Hong Kong (December 8, 2015) and Calgary, Alberta (December 7, 2015) Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX:2012) wishes to announce the following: COMMENCEMENT OF PRODUCTION AT THE WEST ELLS PROJECT Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX:2012) is pleased to announce that it has successfully commenced the first oil production at the West Ells project located in the Athabasca region of Alberta on or about December 8, 2015 (Hong [Read more]

Yoho Resources Inc. Announces the Sale of Certain Duvernay Assets for $50 Million

CALGARY, ALBERTA--(Marketwired - Dec. 7, 2015) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) announced today that it has entered into a definitive agreement to sell a portion of its Duvernay assets in the Kaybob area of Alberta (the "Subject Assets") for cash consideration of $50 million (prior to adjustments) (the "Transaction"). Yoho will retain approximately 25% of its net Kaybob Duvernay acreage consisting of 5.5 sections at 100% working interest and Yoho's recently [Read more]

Ecosphere Technologies Announces Letter of Intent for OZONIX(R) Exclusive Technology Licensing Agreement to Treat Water in the Mining Industries of North & South America

STUART, FL--(Marketwired - December 07, 2015) - Ecosphere Technologies, Inc. (OTCQB: ESPH), a technology development and intellectual property licensing company, today announced that it has signed a Letter of Intent with Abandoned Mine Cleanup LLC. ("AMC"), a Company formed by current Ecosphere Board Member Dean Becker, to deploy its multi-patented OZONIX® water treatment technology on an exclusive basis in the Mining Industries of North and South America. Under the terms of the signed Letter of [Read more]

Petro River to Acquire Horizon I Investments, LLC

NEW YORK, NY--(Marketwired - Dec 7, 2015) - Petro River Oil Corp. (OTC PINK: PTRC) ("Petro River" or the "Company") is pleased to announce that it has entered into a purchase agreement to acquire Horizon I Investments, LLC ("Horizon Investments") in an all stock deal. The acquisition will provide Petro River with approximately $5M in cash plus a 20% membership interest in Horizon Energy Partners, LLC ("Horizon Energy Partners"). Horizon Energy Partners is an oil and gas [Read more]

Veresen Announces Approval of the $715 Million Tower Rich Gas Processing Complex and 2016 Guidance

CALGARY, ALBERTA--(Marketwired - Dec. 7, 2015) - Veresen Inc. ("Veresen" or the "Company") (TSX:VSN) today announced that the Cutbank Ridge Partnership ("CRP") has sanctioned the $715 million Tower rich gas processing complex ("Tower"), which is the second major new gas plant now under construction as part of the Veresen Midstream Limited Partnership ("Veresen Midstream") infrastructure development. Veresen now has $1 billion net of growth projects under construction, including Tower and the [Read more]

Husky Energy Continues Flemish Pass Appraisal, Secures Rig for Ongoing Drilling Activities

CALGARY, AB--(Marketwired - December 07, 2015) - Husky Energy (TSX: HSE) and its partner continue to advance appraisal work on the landmark Bay du Nord oil discovery offshore Newfoundland and Labrador. Since late 2014, the West Hercules drill rig has undertaken an appraisal program related to the Bay du Nord discovery in the Flemish Pass Basin. Appraisal activities are progressing as expected and will continue into early 2016. "The Bay du Nord appraisal program has been progressing well [Read more]

BlackPearl Renews Its $150 Million Credit Facilities and Provides Initial 2016 Guidance

CALGARY, ALBERTA--(Marketwired - Dec. 7, 2015) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce the renewal of its credit facilities and provide initial 2016 guidance for the Company. Highlights include: Our credit facilities were renewed, with the borrowing base maintained at $150 million; The 2016 capital budget was set at $15 million, reflecting the current low oil price [Read more]

Sunshine Oilsands Ltd.: Extension of Closing of Private Placement Under the Specific Mandate

HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Dec. 6, 2015) - The Board of Directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKSE:2012) wishes to announce the following: EXTENSION OF CLOSING DATE FOR PRIVATE PLACEMENT UNDER SPECIFIC MANDATE Reference is made to the announcements of the Corporation dated June 1, 2015 (Hong Kong), July 28, 2015 (Hong Kong), August 21, 2015 (Hong Kong), October 1, 2015 (Hong Kong) and November 2, 2015 [Read more]

Gendis Inc. Announces Third Quarter Results

WINNIPEG, MB--(Marketwired - December 04, 2015) - Gendis Inc. (TSX: GDS) today announced its financial results for the 3rd quarter ended October 31, 2015.Revenue for the 3rd quarter was $1,269,000 compared to $1,483,000 for last year. Revenue less expense for the 3rd quarter was $544,000 compared to $712,000 for last year. Net loss for the 3rd quarter was $6,546,000 ($0.50 per share) compared to a loss of $1,327,000 ($0.09 per share) for last year.Revenue year-to-date was $4,144,000 compared to [Read more]