BOE Report

Paramount Resources Ltd. Announces Second Quarter 2014 Results and Imminent First Sales from the Musreau Deep Cut Facility

CALGARY, ALBERTA--(Marketwired - Aug. 6, 2014) - Paramount Resources Ltd. (TSX:POU) SECOND QUARTER OVERVIEW Oil and Gas Operations Second quarter sales volumes exceeded guidance, averaging 20,585 Boe/d. Shorter than expected facility downtime in the Kaybob COU enabled new condensate-rich Montney wells to be brought on in place of leaner wells. First sales gas from the Musreau Deep Cut Facility is imminent. The facility is pressurized with natural gas, all of the systems have been [Read more]

Leucrotta Exploration Inc. Announces Completion of Arrangement and Creation of A Montney-Focused Exploration and Production Company

CALGARY, ALBERTA--(Marketwired - Aug. 6, 2014) - Leucrotta Exploration Ltd. ("Leucrotta") is pleased to announce the successful completion of its previously announced plan of arrangement (the "Arrangement") involving Leucrotta, Long Run Exploration Ltd. ("Long Run") and Crocotta Energy Inc. ("Crocotta") under the provisions of the Business Corporations Act (Alberta). Pursuant to the Arrangement, Long Run has acquired all of the issued and outstanding common shares of Crocotta ("Crocotta [Read more]

Long Run Exploration Ltd. and Crocotta Energy Inc. Announce Completion of Arrangement

CALGARY, ALBERTA--(Marketwired - Aug. 6, 2014) - Long Run Exploration Ltd. ("Long Run" or the "Company") (TSX:LRE) and Crocotta Energy Inc. ("Crocotta") (TSX:CTA) are pleased to announce the successful completion of the previously announced acquisition of Crocotta pursuant to a plan of arrangement (the "Arrangement") under the provisions of the Business Corporations Act (Alberta). The Arrangement was approved by greater than a 99% majority of the Crocotta shareholders who voted on the [Read more]

Arsenal Energy Inc. Announces Increase in Quarterly Dividend

CALGARY, ALBERTA--(Marketwired - Aug. 6, 2014) - Arsenal Energy Inc. ("Arsenal") (TSX:AEI)(PINKSHEETS:AEYIF) is pleased to announce that the Board of Directors has declared a 7.7% increase in its quarterly dividend to $0.07 per common share. This increase is the second increase in the dividend so far in 2014 and is consistent with Arsenal's dividend policy of paying out in dividends approximately 10% of trailing quarterly cash flow. The dividend is payable on August 29, 2014 to shareholders of [Read more]

Tourmaline Oil Corp. Announces Record Q2 2014 Financial and Operating Results-Increases Drilling Program and 2014 Exit Production

CALGARY, ALBERTA--(Marketwired - Aug. 6, 2014) - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce record financial and operating results for the first half of 2014. Highlights Record cash flow(1) of $484.1 million during the first six months of 2014, a 97% increase over 1H 2013. Record earnings of $156.3 million in the 1H of 2014, a 90% increase over 1H 2013. Q2 2014 production of 109,953 boepd, up 57% over Q2 2013. 2014 exit production volume of [Read more]

Canadian Spirit Resources Inc. Announces Grant of Stock Options

CALGARY, ALBERTA--(Marketwired - Aug. 6, 2014) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI)(OTCBB:CSPUF) announces that the Corporation's Board of Directors has approved a grant of 1,320,000 options to acquire shares of the Corporation in accordance with the terms and conditions of the Corporation's Stock Option Plan. The Corporation has granted J.R. Richard Couillard, recently appointed as President & COO, stock options to acquire 320,000 shares. These [Read more]

Tuscany Energy Ltd. Cases Oil Discovery at Rutland, Saskatchewan

CALGARY, ALBERTA--(Marketwired - Aug. 6, 2014) - Tuscany Energy Ltd. ("Tuscany") (TSX VENTURE:TUS) is pleased to announce that it has completed drilling a new oil pool discovery well on its Rutland prospect, West Central Saskatchewan. The horizontal well, located at 91/13-34-40-25W3M, encountered over 500 metres of porous oil saturated Dina sand, and slotted liner has been run over the potential pay section. Production equipment will be installed at the well site this week and the well is [Read more]

BlackPearl Announces Second Quarter 2014 Financial and Operating Results

CALGARY, ALBERTA--(Marketwired - Aug. 5, 2014) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce its financial and operating results for the three and six months ended June 30, 2014. Second quarter highlights include: Higher oil prices and narrower heavy oil differentials contributed to a 7% increase in revenues to $62.2 million compared to Q2 2013; for the first half of 2014 revenues increased 23% to $121.7 million; Funds flow from [Read more]

Magnum Energy Announces Private Placement Offering

CALGARY, ALBERTA--(Marketwired - Aug. 1, 2014) - MAGNUM ENERGY INC. (the "Corporation" or "Magnum") (TSX VENTURE:MEN) is pleased to announce that it has arranged a non-brokered private placement of up to 4,000,000 units ("Units") at a price of $0.05 per Unit for aggregate gross proceeds of up to $200,000 (the "Offering"). Each Unit will consist of one common share ("Share") and one share purchase warrant of the Company ("Warrant"). Each whole Warrant will entitle the holder to acquire one Share [Read more]

Canada Energy Partners Closes Montney Sale

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 1, 2014) - Canada Energy Partners Inc. (the "Company") (TSX VENTURE:CE) is pleased to announce that it has closed the sale of the Company's Montney rights for $15,720,000. CIBC World Markets Inc. acted as financial advisor to the Company with respect to the transaction. The Company will issue a press release in the near future regarding the distribution to shareholders with details of the timing, the effective date, and final distribution [Read more]