BOE Report

Magnum Announces New President

CALGARY, ALBERTA--(Marketwired - July 3, 2014) - MAGNUM ENERGY INC. ("Magnum" or the "Corporation") (TSX VENTURE:MEN) Magnum announces that Richard Nemeth, president & CEO has submitted his resignation to the board of directors to address chronic health issues. Mr. Nemeth will remain in the role of Chief Executive Officer over next two months to assist in the transition to the new president, Mr. Bob Stinn. Mr. Bob Stinn P.Eng, brings over 30 years of industry experience covering a broad [Read more]

Strata Oil Releases Details on Cold Production Assessment for Cadotte West Land Block

PEACE RIVER, ALBERTA--(Marketwired - July 3, 2014) - Strata Oil & Gas Inc. ("Strata" or the "Company") (OTCQB:SOIGF) announced today results from its study to further assess the primary heavy oil production potential of its 100%-owned Cadotte West land block in the Peace River oil sands region of Alberta. The study is part of the evaluation of our Cadotte West land for the development of heavy-oil recovery through Cold Production methods. Cold Production is the use of conventional oil [Read more]

Arsenal Energy Inc. Announces Completion of Bought Deal Financing Including Exercise In Full of Over-Allotment Option

CALGARY, ALBERTA--(Marketwired - July 3, 2014) - Arsenal Energy Inc. ("Arsenal" or the "Corporation") (TSX:AEI) announced today that it has closed its previously announced bought deal financing of 799,400 common shares on a "flow-through share" basis at a price of $9.35 per flow-through share ("Flow-Through Share"), which includes the exercise in full of the over-allotment option of 104,200 Flow-Through Shares, for aggregate gross proceeds of $7,474,390 (the "Financing"). The Financing was led [Read more]

Kelt Completes Acquisition of Strategic Montney Assets in Its Core Area Near Grande Prairie

CALGARY, ALBERTA--(Marketwired - July 2, 2014) - Kelt Exploration Ltd. ("Kelt" or the "Company") (TSX:KEL) is pleased to announce the successful completion of its previously announced acquisition of a private Canadian oil and gas company ("PrivateCo") with crude oil and natural gas assets located at Valhalla/La Glace, adjacent to the Company's core producing areas at Pouce Coupe and Spirit River in west central Alberta (the "Acquisition"), all as previously disclosed in the news release of Kelt [Read more]

Contact Announces Conversion of Preferred Shares

CALGARY, ALBERTA--(Marketwired - July 2, 2014) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) announces that the holder of the $1 million stated value, convertible, redeemable, 8% preferred shares ("Preferred Shares") of the Company has elected to convert all such Preferred Shares, pursuant to the terms thereof, into common shares of the Company ("Common Shares"). Pursuant to the terms of the Preferred Shares, 5,000,000 Common Shares have been issued on the conversion, [Read more]

Junex to Drill the First Horizontal Well in Eastern Quebec

QUEBEC CITY, QUEBEC--(Marketwired - July 2, 2014) - Junex Inc. (TSX VENTURE:JNX) ("Junex" or the "Company") is pleased to announce that it has received a drilling permit from the Quebec government for the drilling of Junex's first horizontal well on its Galt Oil Property, that is situated in a sparsely populated region approximately 20 kilometers from the town of Gaspé in eastern Quebec. The Junex Galt No. 4 Horizontal well, the first of a series of horizontal wells planned for the next phase [Read more]

Shoreline Energy Corp. Announces Strategic Process Update

CALGARY, ALBERTA--(Marketwired - June 30, 2014) -Shoreline Energy Corp. ("Shoreline" or the "Company") (TSX:SEQ) announces that it will not make the interest payment on its unsecured convertible debenture scheduled for June 30, 2014 (the "June 2014 Debenture Interest Payment"). The Company intends to make the June 2014 Debenture Interest Payment, plus accrued interest thereon, following resolution of the Company's secured debt obligations, pursuant to the forbearance agreements entered into with [Read more]

Quattro Announces $50 Million Capital Budget and $3 Million Increase in Term Facility

CALGARY, ALBERTA--(Marketwired - June 30, 2014) - Quattro Exploration and Production Ltd. ("Quattro" or the "Company") (TSX VENTURE:QXP) is pleased to announce the approval of its $50 million capital budget, including a 3 year drilling program, which will commence in the 3rd Quarter of 2014 with Phase I being focused on its operated lands in Western Canada. "The approval of this budget by our Board of Directors is an endorsement of the Quattro team's work and technical understanding of the [Read more]

Questerre Credit Facilities Expanded to $50 Million

CALGARY, ALBERTA--(Marketwired - June 30, 2014) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) reported today that its credit facilities with a Canadian chartered bank have been increased from $26.5 million to $50 million. The facilities are currently undrawn by the Company. Michael Binnion, President and Chief Executive Officer, commented, "These facilities give us the capital and financial flexibility to execute our Montney development plan. It complements [Read more]

Spyglass Resources Corp. Provides Drilling Update and Restarts Dixonville Field After Pipeline Incident

CALGARY, ALBERTA--(Marketwired - June 29, 2014) - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX:SGL)(OTCQX:SGLRF) announces that it has restarted production from the Dixonville field after a pipeline incident and provides a drilling update including details on the Company's recent tie-in of a light oil well at Cessford in southern Alberta, the completion and tie-in of a natural gas well in the Cadomin at Noel and the Halkirk-Provost ten well drilling program. Dixonville Incident [Read more]