BOE Report

Lightstream Announces Closing of $378 Million Asset Sale

CALGARY, ALBERTA--(Marketwired - Oct. 1, 2014) - Lightstream Resources Ltd. (the "Company" or "Lightstream") (TSX:LTS) is pleased to announce the closing of our previously announced agreement with Crescent Point Energy Ltd. to sell the remaining assets in our southeast Saskatchewan Conventional business unit for gross proceeds of $378.4 million. Proceeds include cash consideration of $375 million (before customary adjustments) and three key parcels of Bakken rights valued at $3.4 million that [Read more]

Cardinal Energy Ltd. Announces Closing of Second Wainwright Acquisition

CALGARY, ALBERTA--(Marketwired - Oct. 1, 2014) - Cardinal Energy Ltd. ("Cardinal") (TSX:CJ) is pleased to announce that it has completed its previously announced acquisition in the Wainwright area of Alberta. The acquired assets are 99.4% operated, include a high working interest in the associated facilities and are consistent with our strategy of building a solid low decline production base. Wainwright is a new core area for Cardinal and the assets acquired immediately offset Cardinal's current [Read more]

Bonavista Energy Corporation Announces Changes to Executive Officers

CALGARY, ALBERTA--(Marketwired - Sept. 30, 2014) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) would like to announce the following changes to our management team: Mr. Bruce Jensen has been promoted to the position of Chief Operating Officer effective October 1st, 2014. Mr. Jensen is a Professional Engineer and has over 30 years of energy industry experience. Bruce joined Bonavista as a Senior Development Engineer in 2002 and since that time has continued to take on roles with [Read more]

Crew Energy Announces Closing of Princess, Alberta Asset Disposition

CALGARY, ALBERTA--(Marketwired - Sept. 30, 2014) - Crew Energy Inc. (TSX:CR) ("Crew" or the "Company") is pleased to announce that it has closed its previously announced disposition of its petroleum and natural gas assets in the Princess area of Southeast Alberta, with an effective date of August 1, 2014 (the "Princess Disposition"). Full details regarding the Princess Disposition and the Company's expanded focus on Montney development were contained in Crew's press release dated August 28, [Read more]

Crescent Point Energy Announces Closing of Lightstream Asset Acquisition

CALGARY, ALBERTA--(Marketwired - Sept. 30, 2014) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to report that the previously announced agreement to acquire certain assets from Lightstream Resources Ltd. closed today. As a result, Crescent Point has acquired high-netback, low decline, conventional oil production of approximately 3,300 boe/d and 76 net sections of land that are contiguous with Crescent Point's existing land base in southeast [Read more]

Tamarack Valley Energy Ltd. Closes Its Wilson Creek Acquisition

CALGARY, ALBERTA--(Marketwired - Sept. 30, 2014) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX VENTURE:TVE) is pleased to announce that it has, through its wholly-owned subsidiary, successfully completed its previously announced acquisition of 100% of Suncor Energy's interests in the Wilson Creek area of Alberta (the "Acquisition") for an aggregate purchase price of $168.5 million, prior to closing adjustments. The Acquisition is highly accretive to Tamarack and further [Read more]

Strategic Oil & Gas Ltd. Announces Closing of $65.8 Million First Tranche of Private Placement

CALGARY, ALBERTA--(Marketwired - Sept. 30, 2014) - Strategic Oil & Gas Ltd. (TSX VENTURE:SOG) ("Strategic" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced financing for total gross proceeds of $65.8 million (the "Private Placement"). At closing, Strategic issued 163,926,091 common shares in the Company ("Common Shares"), comprised of 158,085,000 Common Shares and 5,841,091 Common Shares issued on a flow-through basis ("Flow-Through [Read more]

Hemisphere Energy Grants Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 29, 2014) - Hemisphere Energy Corporation (TSX VENTURE:HME) announces that it has granted incentive stock options to officers, employees, consultants and directors of the Company entitling them to purchase up to a total of 785,000 shares at an exercise price of $0.65 each, pursuant to the Company's Stock Option Plan for a term of five years and subject to the receipt of the necessary regulatory approvals. About Hemisphere Energy [Read more]

Encana Announces Transformative Acquisition of Athlon Energy to Establish a Premier Oil Position in the Permian

CALGARY, AB--(Marketwired - September 29, 2014) - Encana Corporation (Encana) (TSX: ECA) (NYSE: ECA) and Athlon Energy Inc. (Athlon) (NYSE: ATHL) today jointly announced that the two companies have entered into a definitive merger agreement for Encana to acquire all of the issued and outstanding shares of common stock of Texas-based Athlon by means of an all-cash tender offer (the "Offer") for US$5.93 billion (US$58.50 per share), as well as Encana assuming Athlon's US$1.15 billion of senior [Read more]

Tuscany Updates Summer Drilling Program, Confirms Current Production at 890 BOEPD

CALGARY, ALBERTA--(Marketwired - Sept. 29, 2014) - Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to announce that it has completed a drilling program of five horizontal oil wells and a water disposal well, all in Saskatchewan, increasing its current production average to a corporate record of 890 BOEPD. SUMMER DRILLING PROGRAM RESULTS At Evesham, Tuscany has successfully drilled two (1.2 net) new horizontal wells on the west side of its Evesham oil pool. The wells were placed on [Read more]