BOE Report

Delphi Energy Announces Increased Credit Facility

CALGARY, ALBERTA--(Marketwired - Dec. 19, 2014) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") is pleased to provide the following update. CREDIT FACILITIES Delphi's lenders (National Bank of Canada, Bank of Nova Scotia and Alberta Treasury Branches) have completed their semi-annual review of the Company's senior credit facility resulting in a $20.0 million increase in the facility to $190.0 million. The increase to the credit facility will be effective December 18, 2014. All [Read more]

Blackbird Energy Inc. Announces Receipt for Final Prospectus

CALGARY, ALBERTA--(Marketwired - Dec. 19, 2014) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is pleased to announce that it has obtained a receipt (the "Receipt") for its final short form prospectus dated December 18, 2014 (the "Prospectus") filed with the securities regulatory authorities in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario. The Prospectus qualifies the distribution of 110,345,241 common shares in the capital of the [Read more]

MDU Places Dakota Natural Gas Pipeline on Hold, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Dec 19, 2014) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- A proposed pipeline to transport natural gas from the Bakken Shale to the Upper Midwest has been placed on hold by its developer, MDU Resources Group Incorporated (NYSE:MDU) (Bismarck, North Dakota). The Dakota Pipeline project, announced at the start of 2014, was expected to cost about $650 million to build. Assuming all permits were obtained, construction was scheduled to [Read more]

High North Resources Ltd. Announces New Director, President and Chief Executive Officer

CALGARY, ALBERTA--(Marketwired - Dec. 18, 2014) - High North Resources Ltd. (TSX VENTURE:HN) (the "Company" or "High North") announces the resignation of Colin Soares as President and Chief Executive Officer of the Company effective December 18, 2014, and the appointment of Paul Starnino as President and Chief Executive Officer and as a member of the board of directors of High North effective December 18, 2014. Paul Starnino has been involved in the oil and natural gas business for over 28 [Read more]

Bonterra Energy Corp. Provides Corporate Update

CALGARY, ALBERTA--(Marketwired - Dec. 18, 2014) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) ("Bonterra" or "the Company") today provides an update on the Company's position in light of recent market and industry developments. As a resource based business, Bonterra is directly impacted by changes in commodity prices, and recently has been managing through an unexpected period of significant oil price declines. Due to this rapid price erosion and extreme volatility, accurately [Read more]

Spyglass Resources Corp. Announces Closing of Previously Announced $100 Million Asset Sale

CALGARY, ALBERTA--(Marketwired - Dec. 18, 2014) - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX:SGL)(OTCQX:SGLRF) announces closing of the previously announced disposition of a non-operated 50 percent working interest in the Dixonville Montney "C" oil pool for $100 million. Proceeds from the sale have been used to reduce bank debt. Spyglass Resources Corp. is an intermediate oil and natural gas company, headquartered in Calgary, Alberta and currently operates oil and gas [Read more]

Relentless Resources Announces Completion of Second Tranche of Private Placement

CALGARY, ALBERTA--(Marketwired - Dec. 18, 2014) - Relentless Resources Ltd. ("Relentless" or the "Company") (TSX VENTURE:RRL) is pleased to announce that it has completed a second tranche of its previously announced non-brokered private placement. Relentless issued 1,852,000 common shares of the Company issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) ("Flow-Through Shares") at a price of $0.27 per Flow-Through Share for aggregate gross proceeds of approximately $0.5 [Read more]

Eagle Energy Trust Announces Completion of Acquisition of Producing Petroleum Properties in North Central Alberta

CALGARY, ALBERTA--(Marketwired - Dec. 18, 2014) - Eagle Energy Trust ("Eagle") (TSX:EGL.UN) is pleased to announce that its subsidiary has completed the previously announced acquisition of a 50% non-operated working interest in producing petroleum properties in the Dixonville Montney "C" oil pool in north central Alberta for a purchase price of $100 million (the "Dixonville Acquisition"). The Dixonville Acquisition was funded with $55 million of Eagle's available cash and the balance from [Read more]

Stonehaven Announces Private Placement of $3.4 Million of Flow-Through Shares

CALGARY, ALBERTA--(Marketwired - Dec. 18, 2014) - Stonehaven Exploration Ltd. ("Stonehaven" or the "Company") (TSX VENTURE:SE) reports that the Company is undertaking a private placement offering (the "Offering") of 2,267,000 common shares of the Company to be issued on a "flow-through" basis (the "Flow-Through Shares") at a price of $1.50 per Flow-Through Share, resulting in gross proceeds of $3,400,500. The gross proceeds of the Flow-Through Shares will be used by the Company to incur [Read more]

Enbridge Gas Distribution to Begin Work on GTA Project

TORONTO, ONTARIO--(Marketwired - Dec. 18, 2014) - Enbridge Gas Distribution today announced that it will begin making upgrades to the backbone of its natural gas distribution system in the Greater Toronto Area (GTA) in January 2015. The GTA Project, which enhances the natural gas distribution system that supplies natural gas to Brampton, Mississauga, Vaughan, Richmond Hill, Markham and Toronto, was approved by the Ontario Energy Board in January of this year. Construction will begin in [Read more]