BOE Report

Shoreline Energy Corp. Announces Asset Sale for Total Proceeds of $20.8 Million

CALGARY, ALBERTA--(Marketwired - July 31, 2014) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") is pleased to announce that it has entered into a purchase and sale agreement (the "Agreement") to sell its interests in certain petroleum and natural gas properties (excluding royalty interests), wells and infrastructure located within the Valhalla and Progress Property boundaries in the Greater Peace River Arch area and associated Valhalla and Progress petroleum and natural gas [Read more]

Gibson Energy and USD Group Announce Commencement of Successful Operations at Hardisty Rail Terminal and Open Season on Phase 2

CALGARY, ALBERTA and HOUSTON, TEXAS--(Marketwired - July 31, 2014) - Gibson Energy Inc. ("Gibson") (TSX:GEI) and USD Group LLC ("USDG", together with Gibson, the "Companies") announced today they have commenced successful operations at the Hardisty Rail Terminal and their intention to begin soliciting customer commitments for the second phase of development of the terminal located near Hardisty, Alberta ("Phase 2"). The Companies expect that Phase 2 will double the crude oil loading capacity at [Read more]

Canadian Oil Sands Announces Second Quarter Results and a $0.35 Per Share Dividend

CALGARY, ALBERTA--(Marketwired - July 31, 2014) - Canadian Oil Sands Limited (TSX:COS)(OTCQX:COSWF) - All financial figures are unaudited and in Canadian dollars unless otherwise noted. "This was a challenging quarter given overlapping outages on two of our three cokers; however, we are pleased that Syncrude executed the maintenance work safely and efficiently, with the final unit returning to service by early July," said Ryan Kubik, President and Chief Executive Officer. "Syncrude is now [Read more]

Bonavista Energy Corporation Announces 2014 Second Quarter Results

CALGARY, ALBERTA--(Marketwired - July 31, 2014) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to report to shareholders its condensed consolidated interim financial and operating results for the three and six months ended June 30, 2014. The unaudited financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and on Bonavista's website at [Read more]

Shoreline Energy Corp. Announces the Closing of Sale of Certain Royalty Interests

CALGARY, ALBERTA--(Marketwired - July 31, 2014) - NOT FOR DISTRIBUTION IN THE UNITED STATES Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") is pleased to announce that it has closed the sale of its royalty interests in its Canadian land base to PrairieSky Royalty Ltd. for total gross proceeds of $9 million, as described in the Corporation's press release of July 25, 2014. The net proceeds of the sale were used to reduce total corporate indebtedness, [Read more]

Border Announces Asset Purchase, Officer Appointment and Proposed Private Placement

CALGARY, ALBERTA--(Marketwired - July 31, 2014) - Border Petroleum Limited (TSX VENTURE:BOR) ("Border" or the "Corporation") is pleased to announce the entering into of an asset purchase agreement, the appointment of a Vice President, Production, a proposed private placement and the grant of options, all as further detailed below. The Acquisition Border has entered into a purchase and sale agreement dated July 31, 2014 ("PSA") with a private, arm's length Calgary based junior oil and gas [Read more]

Osum Oil Sands Corp. Acquires Orion Oil Sands Project and Closes Senior Secured Credit Facilities

CALGARY, ALBERTA--(Marketwired - July 31, 2014) - Osum Oil Sands Corp. ("Osum" or the "Company"), a private in-situ oil sands company, today announced that its wholly-owned subsidiary, Osum Production Corp. ("OPC"), has completed the purchase of the Orion Oil Sands Project from Shell Canada (a Royal Dutch Shell Group entity) for Canadian $325 million. Commenting on the success of the acquisition, Steve Spence, President and Chief Executive Officer, said: "The acquisition of the Orion project [Read more]

Baytex Reports Q2 2014 Results

CALGARY, ALBERTA--(Marketwired - July 31, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) reports its operating and financial results for the three and six months ended June 30, 2014 (all amounts are in Canadian dollars unless otherwise noted). Commenting on the results, James Bowzer, President and Chief Executive Officer, said: "We are pleased to report our second quarter results which include twenty days of operations for our recently acquired Eagle Ford assets. The Eagle Ford [Read more]

Suncor Energy reports second quarter results

CALGARY, ALBERTA--(Marketwired - July 30, 2014) - Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working interest basis, before royalties, unless noted otherwise. Certain [Read more]

Suncor Energy increases dividend

CALGARY, ALBERTA--(Marketwired - July 30, 2014) - Suncor Energy's Board of Directors has approved an increase in the company's quarterly dividend to $0.28 per share on its common shares, from the previous level of $0.23 per share. The dividend is payable September 25, 2014 to shareholders of record at the close of business on September 4, 2014. Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development and upgrading, conventional and [Read more]