BOE Report

Shoreline Energy Corp. Announces the Sale of Certain Assets

CALGARY, ALBERTA--(Marketwired - Sept. 3, 2014) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") is pleased to announce that it has sold its interests in certain petroleum and natural gas properties wells, infrastructure and facilities located in the Doe area in Alberta and British Columbia to a buyer for total proceeds of $1 million pursuant to a purchase and sale agreement dated September 2, 2014. The sale represents approximately 686 net acres, and less than 10 Boe/d of [Read more]

Contact Provides Update on Investment in Pieridae Energy

CALGARY, ALBERTA--(Marketwired - Sept. 3, 2014) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) announces that it has been advised by Pieridae Energy Limited ("Pieridae") that on August 29, 2014 Pieridae closed a non-brokered private placement (the "Financing") of common shares pursuant to which it raised aggregate gross proceeds of $22.2 million at a price of $9 per share. Pieridae is a Canadian energy infrastructure development company that has partnered with Contact [Read more]

Petrus Resources Ltd. Announces Major Acquisition and Financing and Provides Update on Offer to Acquire Arriva Energy Inc.

CALGARY, ALBERTA--(Marketwired - Sept. 2, 2014) - Petrus Resources Ltd. ("Petrus" or the "Company") is pleased to announce a series of transactions that will, among other things, increase daily production to approximately 10,000 boe/d and significantly expand the Company's drilling inventory. The Company: has entered into a pre-acquisition agreement (the "Ravenwood Pre-Acquisition Agreement") with Ravenwood Energy Corp. ("Ravenwood") pursuant to which it has made an all-cash offer to acquire [Read more]

Lightstream Announces $378 Million Asset Sale to Complete Our 2014-2015 Disposition Program and Updated 2014 Guidance

CALGARY, ALBERTA--(Marketwired - Sept. 2, 2014) - Lightstream Resources Ltd. (the "Company" or "Lightstream") (TSX:LTS) is pleased to announce that we have entered into an 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, including $375 million in cash proceeds plus certain Bakken lands within our Creelman enhanced oil recovery (EOR) project area valued at $3.4 million (the [Read more]

Crescent Point Announces Consolidation Acquisition, Torquay Exploration Success, Upwardly Revised 2014 Guidance, and a CDN$750 Million Bought Deal Financing

CALGARY, ALBERTA--(Marketwired - Sept. 2, 2014) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG)(NYSE:CPG) is pleased to announce that it has entered into an agreement (the "Lightstream Agreement") with Lightstream Resources Ltd. ("Lightstream") to acquire conventional oil assets in southeast Saskatchewan and Manitoba (the "Lightstream Assets"). The Lightstream Assets include significant free cash flowing, conventional oil production of approximately 3,300 boe/d and 76 [Read more]

Cardinal Energy Ltd. Announces Second Wainwright Acquisition and Equity Financing

CALGARY, ALBERTA--(Marketwired - Sept. 2, 2014) - Cardinal Energy Ltd. ("Cardinal") (TSX:CJ) is pleased to announce that it has entered into an agreement to acquire approximately 2,500 BOE/day of long life oil production in the Wainwright area of Alberta (the "Acquisition"). The Acquisition is comprised of 97% crude oil, includes associated infrastructure, is 99.4% operated and has a base decline rate of 7% to 9%. The Acquisition will be primarily funded with a concurrent $197.5 million [Read more]

Pine Cliff Energy Ltd. Announces $60,065,000 Bought Deal Financing

CALGARY, ALBERTA--(Marketwired - Sept. 2, 2014) - Pine Cliff Energy Ltd. ("Pine Cliff" or the "Corporation") (TSX VENTURE:PNE) is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by FirstEnergy Capital Corp., GMP Securities L.P. and Haywood Securities Inc. and including Clarus Securities Inc., Paradigm Capital Inc., Canaccord Genuity Corp., National Bank Financial Inc., Altacorp Capital Inc., Jennings Capital Inc. and Scotia Capital Inc. [Read more]

Strategic Oil & Gas Ltd. Sets New Production Targets From Accelerated Drilling Program

CALGARY, ALBERTA--(Marketwired - Sept. 2, 2014) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) announces an acceleration to its Muskeg development program and the completion of a U.S. $10 million loan from Bay Resources Partner's Funds and Tom Claugus. Strategic has drilled four Muskeg wells during the third quarter and is planning to drill six more Muskeg wells during the fourth quarter of 2014, exiting the year at 4,600 boe/d. Production rates are exceeding [Read more]

Blackbird Energy Inc. Increases Total Montney Acreage by 366% to 117 Net Sections (74,880 Net Acres)

CALGARY, ALBERTA--(Marketwired - Sept. 2, 2014) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is pleased to announce that through a series of land acquisitions it has acquired, and entered into an initial agreement to acquire, 85.0 gross (85.0 net) sections (54,400 net acres) of Montney prospective land of which 8.0 gross (8.0 net) sections (5,120 net acres) are contiguous with Blackbird's existing Elmworth Montney project, bringing its total contiguous land block in [Read more]

Elkwater Resources Ltd. Announces Second Quarter Financial and Operating Results

CALGARY, ALBERTA--(Marketwired - Aug. 28, 2014) - Elkwater Resources Ltd. (TSX VENTURE:ELW) ("Elkwater" or the "Corporation") has filed on SEDAR its unaudited condensed interim financial statements and related management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2014. The financial statements and MD&A will be available for review on SEDAR at www.sedar.com. On July 9, 2014, the Corporation completed a non-brokered private placement for aggregate [Read more]