BOE Report

Blackbird Energy Inc. Completes Sale of Bigstone Project

CALGARY, ALBERTA--(Marketwired - Sept. 16, 2014) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is pleased to announce that it has successfully closed the previously announced disposition of 8.0 gross (3.5 net) sections of Montney rights, known as Blackbird's Bigstone project, for net proceeds of $8.89 million after closing adjustments. Garth Braun, Chief Executive Officer of Blackbird noted, "Blackbird is pleased to continue to add further focus to its Elmworth [Read more]

Kallisto Energy Corp. Announces Recapitalization Financing and New Management Team

CALGARY, ALBERTA--(Marketwired - Sept. 15, 2014) - Kallisto Energy Corp. ("Kallisto" or the "Company") (TSX VENTURE:KEC) is pleased to announce that it has entered into a definitive reorganization and investment agreement (the "Agreement") with Barry Olson, Donald Sabo, Greg Phaneuf, Elizabeth More, Neil Wilson, Kellie D'Hondt and Paul Storey (the "Initial Investor Group"), which provides for: (i) a non-brokered private placement of approximately $25 million in aggregate (the "Private [Read more]

Arsenal Energy Inc. Releases Operational Update

CALGARY, ALBERTA--(Marketwired - Sept. 15, 2014) - Arsenal Energy Inc. ("Arsenal" or the "Company") (TSX:AEI) (PINKSHEETS:AEYIF) is pleased to release an operations update. At Princess, Alberta, Arsenal has completed all tie-in operations, battery debottlenecking and water disposal upgrades. Current total production from Princess is approximately 1,500 barrels of oil equivalent ("boe") per day (80% oil). In August, Arsenal commissioned Deloitte LLP, to prepare an independent reserve [Read more]

Leucrotta Exploration Inc. Announces Completion of Non-Brokered Private Placement of Units

CALGARY, ALBERTA--(Marketwired - Sept. 15, 2014) - Leucrotta Exploration Inc. ("Leucrotta") (TSX VENTURE:LXE) is pleased to announce the completion of its previously announced offering of 7.65 million units of Leucrotta ("Units"), on a non-brokered private placement basis, to certain officers, employees and directors of Leucrotta, at a price of $1.70 per Unit for aggregate gross proceeds of approximately $13 million (the "Offering"), as described in the joint information circular of Crocotta [Read more]

Quattro Expands Exploration and Drilling Efforts, Signing a Binding Letter of Intent to Acquire Database and Pore Pressure Analysis for $800,000

CALGARY, ALBERTA--(Marketwired - Sept. 15, 2014) - Quattro Exploration and Production Ltd. ("Quattro" or the "Company") (TSX VENTURE:QXP) is pleased to announce that it has entered into an arms-length agreement (the "Letter of Intent" or "LOI") with an Alberta-based private company for the acquisition of the Company's well database for $800,000 and a GORR of 1.5% on targets developed utilizing the database within the Western Canadian Sedimentary Basin. Quattro intends to fund the Acquisition [Read more]

Strategic Oil & Gas Ltd. Provides Operational Update and Announces New Board Member

CALGARY, ALBERTA--(Marketwired - Sept. 15, 2014) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) announces that two recently completed Muskeg wells produced at a combined rate of 1,587 boe/d (83% oil). Strategic is also pleased to announce the addition of Mr. Michael Graham as an independent member to the Company's board of directors. Two west Muskeg wells 15-24 and 1-25 were recently brought on production and are free flowing oil wells. Over the last three days [Read more]

Tuscany Confirms Step Out Oil Discovery at Macklin

CALGARY, ALBERTA--(Marketwired - Sept. 12, 2014) - Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to announce that a step out vertical well drilled for water disposal purposes at the Company's 100% working interest Macklin property encountered nine metres of Dina oil pay. The 7-33-39-28W3 well was drilled to 1,011 metres as a potential Duperow water disposal well, and was located to also test a potential extension of the adjacent Dina oil field currently being developed by Tuscany. [Read more]

Canadian Natural Resources Limited Announces That Production Has Recommenced at Horizon Following Completion of Coker Plant Expansion

CALGARY, ALBERTA--(Marketwired - Sept. 12, 2014) - Canadian Natural Resources Limited (TSX:CNQ)(NYSE:CNQ) ("Canadian Natural" or the "Company") is pleased to provide an update on the status of the Company's Horizon Oil Sands ("Horizon") project and its recent plant shutdown for routine maintenance and the tie-in of additional coker capacity. On September 10, 2014, the expansion of the Coker Plant (Phase 2A), was safely completed and production of synthetic crude oil ("SCO") recommenced with a [Read more]

Spyglass Resources Corp. Announces Closing of Previously Announced Non-Core Asset Dispositions and Declares the September Dividend

CALGARY, ALBERTA--(Marketwired - Sept. 11, 2014) - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX:SGL)(OTCQX:SGLRF) announces the closing of the non-core asset dispositions disclosed in the Company's August 12, 2014 news release. Net proceeds of $43 million (after normal closing adjustments) have been received in the third quarter in addition to the second quarter proceeds of $7 million. Dispositions closed to date in the third quarter were reported as assets held for sale at June [Read more]

Leucrotta Acquires Additional Montney Lands

CALGARY, ALBERTA--(Marketwired - Sept. 11, 2014) - Leucrotta Exploration Inc. ("Leucrotta") (TSX VENTURE:LXE) is pleased to announce that it has significantly increased its Montney acreage in the greater Dawson area of Northeast British Columbia via three separate transactions. Leucrotta acquired 64,600 gross (54,400 net) acres of Montney rights in exchange for $16.5 million in cash plus 4,733,680 Leucrotta common shares. Combined with Leucrotta's current Montney acreage in the area, [Read more]