BOE Report

Cardinal Energy Announces Closing of Wainwright Acquisition and Operations Update

CALGARY, ALBERTA--(Marketwired - Aug. 25, 2014) - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) is pleased to announce that its previously announced Wainwright Acquisition (the "Acquisition") has closed effective August 22, 2014. The Acquisition adds 1,900 BOEPD (99% oil) of long life, low decline production. The Acquisition will allow Cardinal to expand its drilling program while still maintaining a less than 15% corporate decline rate. With the full quarter of production [Read more]

Sahara Energy Ltd. Announces Closing of Private Placement

CALGARY, ALBERTA--(Marketwired - Aug. 21, 2014) - Sahara Energy Ltd. (TSX VENTURE:SAH) (Sahara) announces that it has closed the previously announced private placements with JF Investment (Hong Kong) Co., Limited (JF Investment) for the purchase by JF Investment of common shares in the capital of Sahara (Sahara Shares), for aggregate proceeds of $16.2 million. Five million Sahara Shares were acquired at $0.12 per share and 195 million Sahara Shares were acquired at $0.08 per share. Upon closing [Read more]

Kallisto Announces Closing of Flow-Through Share Private Placement and Q2 2014 Filings

CALGARY, ALBERTA--(Marketwired - Aug. 21, 2014) - Kallisto Energy Corp. (TSX VENTURE:KEC) ("Kallisto" or the "Company") announces that it has completed a non-brokered private placement by issuing 7,185,714 common shares on a "flow-through basis" (the "Flow Through Shares") at a price of $0.07 per Flow Through Share for gross proceeds of $503,000. The gross proceeds from the sale of the Flow Through Shares will be used to fund Canadian development expenses at Minnehik - Buck Lake, which will be [Read more]

Southern Pacific Concludes Strategic Review Process

CALGARY, ALBERTA--(Marketwired - Aug. 21, 2014) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) has concluded its strategic review process. On December 11, 2013 Southern Pacific announced the initiation of a strategic review process ("SRP") aimed at identifying and considering all strategic and financial alternatives available to the Company. The SRP was initiated after realization that the original 12 well pairs drilled at the STP-McKay Thermal Project were [Read more]

Whitecap Resources Inc. Announces Acquisition of a Controlling Interest in a Premier Sweet Light Oil Pool, $125 Million Financing, Increased Dividend by 12% and Increased 2014 Guidance

CALGARY, ALBERTA--(Marketwired - Aug. 20, 2014) - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX:WCP) is pleased to announce that we have successfully entered into agreements to acquire and consolidate a controlling interest in a premier conventional Nisku light sweet oil pool at Elnora, Alberta located just 50 miles east of our Garrington core area for total cash consideration of approximately $266.7 million (the "Acquisition"). The Acquisition adds 2,500 boe/d (90% oil and NGLs) of [Read more]

Contact Exploration’s Kakwa Development Continues With Successful Multi-well Pad Drilling

CALGARY, ALBERTA--(Marketwired - Aug. 20, 2014) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) is pleased to announce that the three Contact operated wells, at 2-18-63-5 W6M, 8-20-63-5 W6M and 9-20-63-5 W6M (collectively, the "New Wells"), drilled from the Company's first three-well pad, have each been successfully completed. Contact holds a 25% working interest in the New Wells. Each of the New Wells was drilled with lateral lengths exceeding 1,900 meters, being [Read more]

Donnycreek Provides Kakwa Operations Update

CALGARY, ALBERTA--(Marketwired - Aug. 20, 2014) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports that all three 50% working interest wells 2-18-63-5 W6M, 8-20-63-5 W6M and 9-20-63-5 W6M (collectively "New Wells") from the Company's first three-well pad ("7-19 Pad") have been successfully completed and flow tested. Each of the New Wells from the 7-19 Pad were drilled with lateral lengths that extend approximately 1,900 metres which are all longer than wells [Read more]

Canadian Spirit Resources Inc. Announces Second Quarter 2014 Financial Results

CALGARY, ALBERTA--(Marketwired - Aug. 19, 2014) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI)(OTCBB:CSPUF) announces the release of its interim financial results and Management Discussion and Analysis ("MD&A") for the three and six month periods ended June 30, 2014. This news release summarizes information contained in the unaudited interim condensed financial statements and MD&A for the three and six month periods ended June 30, 2014 and should not be [Read more]

Relentless Announces Q2 2014 Financial and Operating Results

CALGARY, ALBERTA--(Marketwired - Aug. 19, 2014) - Relentless Resources Ltd. ("Relentless" or "the Company") (TSX VENTURE:RRL) announces that it has issued its June 30, 2014 condensed interim financial statements and related MD&A. Additional information about Relentless is available on SEDAR at www.sedar.com or on the Company`s website at www.relentless-resources.com. Corporate Update On June 27, 2014, Relentless closed a non-brokered private placement for gross proceeds of $3.75 [Read more]

Magnum Energy Announces Private Placement Offering

CALGARY, ALBERTA--(Marketwired - Aug. 19, 2014) - MAGNUM ENERGY INC. (the "Corporation" or "Magnum") (TSX VENTURE:MEN) is pleased to announce that, further to its news release dated August 1, 2014, the Corporation has completed its non-brokered private placement of 4,000,000 units ("Units") at a price of $0.05 per Unit for aggregate gross proceeds of $200,000 (the "Offering"). Each Unit is comprised of one common share ("Share") and one share purchase warrant of the Company ("Warrant"). Each [Read more]