BOE Report

Northern Spirit Resources Inc. Announces Operations Update

CALGARY, ALBERTA--(Marketwired - July 30, 2014) - Northern Spirit Resources Inc. ("Northern Spirit" or the "Company") (TSX VENTURE:NSR) is pleased to provide the following operational update. As announced on July 17, 2014, the Company has drilled, completed and tested 3 horizontal wells (WI 100%) at Klein North. The wells were drilled from a common surface pad, targeting Sparky medium gravity oil. Completion procedures included multi-stage fracture stimulation in each well. All 3 wells are [Read more]

Waldron Energy Corporation Announces Closing of Private Placement Financing

CALGARY, ALBERTA--(Marketwired - July 30, 2014) - Waldron Energy Corporation ("Waldron" or the "Corporation") (TSX:WDN) announces that it has closed the previously announced non-brokered private placement (the "Offering"), which was increased to 5,459,545 common shares issued on a flow‐through basis for gross proceeds of approximately $1.8 million. All other terms and conditions of the Offering remained the same as previously announced. Waldron is a Calgary, Alberta based corporation engaged in [Read more]

Painted Pony Announces Closing of $100 Million Disposition of Saskatchewan Assets

CALGARY, ALBERTA--(Marketwired - July 30, 2014) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX:PPY) is pleased to announce that, further to its press release dated July 7, 2014, the Company has closed the sale of its southeast Saskatchewan assets (the "Transaction"), which has an effective date of June 1, 2014, for a total cash consideration of $100 million plus interim adjustments. Painted Pony is now a highly focused Montney natural gas and natural gas liquids producer, [Read more]

Trilogy Energy Corp. Announces Financial and Operating Results for the Three and Six Months-Ended June 30, 2014

CALGARY, ALBERTA--(Marketwired - July 30, 2014) - Trilogy Energy Corp. (TSX:TET) ("Trilogy") is pleased to announce its financial and operating results for the three and six months-ended June 30, 2014. Financial and Operating Highlights Reported sales volumes for the second quarter of 2014 were 9 percent higher at 36,187 Boe/d as compared to 33,135 Boe/d for the previous quarter. Second quarter oil sales volumes increased 28 percent to 9,557 Bbl/d from 7,440 Bbl/d in the previous [Read more]

Strata Oil Identifies Multiple Drilling Locations to Test Cold Production Potential of Cadotte West Land Block

PEACE RIVER, ALBERTA--(Marketwired - July 30, 2014) - Strata Oil & Gas Inc. ("Strata" or the "Company") (OTCQB:SOIGF) announced today that its technical team has provided recommendations to the Board of Directors pursuant to the Cold Production study initiated by the Company relating to the Cadotte West land holdings in the Peace River oil sands region of Alberta. The study, which is ongoing, utilizes existing well data as well as seismic data from lines which have been shot on and around [Read more]

MEG Energy Reports Fifth Consecutive Quarter of Record Production Growth and Increased 2014 Production Guidance

CALGARY, ALBERTA--(Marketwired - July 30, 2014) - MEG Energy Corp. (TSX:MEG) today reported second quarter 2014 operational and financial results. Highlights include: Record cash flow from operations of $261.7 million; Record quarterly production of 68,984 barrels per day (bpd), nearly 18 per cent higher than the first quarter and 115 per cent higher than the second quarter of 2013, all while factoring in the impact of planned maintenance on Phases 1 and 2; Christina Lake Phase 2B [Read more]

Baytex Announces Sale of North Dakota Assets

CALGARY, ALBERTA--(Marketwired - July 29, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) announces that it has entered into an agreement to sell its North Dakota assets (the "Assets") to SM Energy Company, effective July 1, 2014, for gross proceeds of approximately $357 million (US$330.5 million). The transaction is expected to close toward the end of the third quarter with after tax net proceeds from the sale, estimated at $275 million, to be applied against outstanding bank [Read more]

Cardinal Energy Ltd. Announces Significant Acquisition, Equity Financing and Dividend Increase

CALGARY, ALBERTA--(Marketwired - July 29, 2014) - Cardinal Energy Ltd. ("Cardinal") (TSX:CJ) is pleased to announce that it has signed a purchase and sale agreement to acquire approximately 1,900 Boe/day of long life oil production in the Wainwright area of Alberta (the "Acquisition"). The Acquisition is comprised of 99% crude oil, has an average working interest of 95.5%, includes associated infrastructure, is 99% operated and has a base decline rate of 5% to 7%. The Acquisition is expected [Read more]

Pine Cliff Energy Ltd. Enters into a $33.25 Million Agreement to Acquire Carrot Creek/Edson Area Oil and Natural Gas Assets

CALGARY, ALBERTA--(Marketwired - July 29, 2014) - Pine Cliff Energy Ltd. ("Pine Cliff") (TSX VENTURE: PNE) is pleased to announce that it has entered into a binding agreement (the "Agreement") dated July 29, 2014 to acquire (the "Transaction") oil and natural gas assets in one of its core areas of Carrot Creek/Edson in the Province of Alberta (the "Assets") for cash consideration of $33.25 million, prior to any adjustments. The cash consideration is expected to be financed by a combination of [Read more]

Tuscany Energy Ltd. Confirms Sales Volumes for Q2 2014 and a Five Well Heavy Oil Drilling Program

CALGARY, ALBERTA--(Marketwired - July 29, 2014) - Tuscany Energy Ltd. ("Tuscany") (TSX VENTURE:TUS) is pleased to report that the Company's average sales volumes for the second quarter of 2014 were approximately 750 BOED. Having closed its recent $3.0 million financing, the Company has commenced drilling operations on a heavy oil drilling program consisting of five wells in west-central Saskatchewan. Tuscany is the operator of all of these wells. Drilling has commenced on the first of [Read more]