BOE Report

Petro One Financing Update

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 19, 2014) - Petro One Energy Corp. (TSX VENTURE:POP)(FRANKFURT:C6K1) reported on September 8, 2014 that Korea Myanmar Development Company Ltd. ("KMDC") had committed to pay $500,000 on September 19, 2014 towards the private placement which was originally announced on July 28, 2014 and is currently scheduled to complete on October 7, 2014. The Company is now pleased to report that it has received a copy of an outgoing cable issued by [Read more]

Tim McMillan to Become President of CAPP

CALGARY, ALBERTA--(Marketwired - Sept. 18, 2014) - Glenn Scott, Chair of the Board of Governors of the Canadian Association of Petroleum Producers (CAPP), announced today that Tim McMillan will become president of CAPP effective October 1, 2014. McMillan is currently minister of rural health in the government of Saskatchewan. He was previously minister of energy and resources and has a strong connection to the energy industry over many years, including ownership of an oilfield services [Read more]

Petrox Resources Announces Extension of LOI to Purchase Producing Properties

CALGARY, ALBERTA--(Marketwired - Sept. 18, 2014) - Petrox Resources Corp. (TSX VENTURE:PTC) ("Petrox") is pleased to announce that the deadline to reach a definitive agreement for the purchase of producing properties in Alberta (the "Properties") under the letter of intent announced on July 8, 2014 has been extended. Petrox and the vendor of Properties have agreed to negotiate on a non-exclusive basis until October 9, 2014, or such later date as agreed to by the parties, with a view to reaching [Read more]

Redhill Acquires Petroleum and Natural Gas Leases

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 18, 2014) - Redhill Resources Corp. (TSX VENTURE:RHR) ("Redhill" or the "Company") hereby announces that it has acquired a 100% interest in a total of 8 sections of crown petroleum and natural gas leases (the "Leases") in the Government of Alberta's September 17, 2014 public offering of Crown land rights. Total bonus paid for the accepted offers was approximately $1 million and is exclusive of rental payments and fees. The Leases total 2,048 [Read more]

Manitok Energy Inc. Provides an Operational Update at Entice and Cordel-Stolberg

CALGARY, ALBERTA--(Marketwired - Sept. 18, 2014) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to provide an operational update at Entice and Cordel-Stolberg. Entice As noted in the August 28, 2014 press release, Manitok has drilled a horizontal well at 3-28-22-25W4, testing the middle Basal Quartz ("BQ") formation in the southern end of the Entice field. This is the second well of a planned 10 well horizontal drilling program at Entice where Manitok [Read more]

Suncor Energy sells share of Pioneer Energy assets

CALGARY, ALBERTA--(Marketwired - Sept. 17, 2014) - Suncor Energy today announced that, along with The Pioneer Group Inc., it has reached an agreement to sell the assets of Pioneer Energy to Parkland Fuel Corporation for $378 million. Suncor, as one of the current joint owners of Pioneer Energy, will receive $182.5 million in cash for its share. The agreement includes the sale of 393 Pioneer-branded retail gas stations in Ontario and Manitoba. "Through our Petro-Canada business, we are the [Read more]

Pan Orient Energy Corp.: Sawn Lake Alberta SAGD Heavy Oil Operations Update

CALGARY, ALBERTA--(Marketwired - Sept. 17, 2014) - Pan Orient Energy Corp. ("Pan Orient" or the "Corporation") (TSX VENTURE:POE) is pleased to provide an update on the Sawn Lake, Canada, steam assisted gravity drainage ("SAGD") demonstration project on behalf of Andora Energy Corporation ("Andora"), in which Pan Orient has a 71.8% ownership interest. Andora has a 50% working interest in the Sawn Lake, Alberta SAGD demonstration project, and is the operator. The first step towards determining [Read more]

Deep Well Updates Shareholders on Sawn Lake Heavy Oil Project

EDMONTON, ALBERTA--(Marketwired - Sept. 17, 2014) - Deep Well Oil & Gas, Inc. (and its subsidiaries - "Deep Well" or "Company) (OTCQB:DWOG) will be announcing at a meeting of its shareholders later today that the development of its Sawn Lake Heavy Oil Project is progressing. Our target for 2014 was to initiate production from a single SAGD well pair. We are pleased to announce that on September 16, bitumen production commenced. It is anticipated that a stable daily bitumen production rate [Read more]

First Mountain Exploration Inc. Proposes Private Placement and Files Q2 2014 Financial Results

CALGARY, ALBERTA--(Marketwired - Sept. 16, 2014) - First Mountain Exploration Inc. ("First Mountain" or the "Company") (TSX VENTURE:FMX) is pleased to announce that it has finalized the terms and conditions of a non-brokered equity private placement (the "Offering"). The Offering will consist of the issuance of up to 13,000,000 common shares (the "Common Shares") of the Corporation at a price of $0.06 per Common Share and for aggregate gross proceeds up to $780,000. The net proceeds of the [Read more]

Mapan Energy Ltd. Provides Operational Update on Deep Basin North

CALGARY, ALBERTA--(Marketwired - Sept. 16, 2014) - Mapan Energy Ltd. (TSX VENTURE:MPG) ("Mapan" or the "Corporation") reports that natural gas production from its Deep Basin North properties at Chinook Ridge, Alberta and Hiding, British Columbia will be on restricted rates due to repairs and maintenance to be conducted by Trans Canada Pipelines Limited on both the 24 inch and the 36 inch NGTL Systems downstream (east) of the Elmworth gas plant. Mapan's current production of 28MMCF/d processed at [Read more]