BOE Report

Arcan Resources Ltd. Announces Strategic Transaction With Aspenleaf Energy Limited and Creation of A New Swan Hills Company

CALGARY, ALBERTA--(Marketwired - June 23, 2014) - Arcan Resources Ltd. (TSX VENTURE:ARN) ("Arcan" or the "Corporation") is pleased to announce that it has entered into an arrangement agreement (the "Arrangement Agreement") with Aspenleaf Energy Limited ("Aspenleaf") pursuant to which Aspenleaf and Arcan will complete a plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement") which will, subject to receipt of all necessary approvals, result in the following [Read more]

Suncor Energy and partners approve new facility to test water treatment and recycling technologies

CALGARY, ALBERTA--(Marketwired - June 19, 2014) - Suncor Energy and five industry partners today announced an estimated $165 million funding commitment to sanction the construction of a dedicated Water Technology Development Centre (WTDC). The WTDC, to be located at Suncor's Firebag facility, will be used to test water treatment and further develop recycling technologies. The goal of the WTDC is to shorten the timeframe needed to develop and commercialize new technologies, as well as [Read more]

Canadian Spirit Resources Inc. Announces Final Closing of Private Placements

CALGARY, ALBERTA--(Marketwired - June 19, 2014) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI)(OTCBB:CSPUF) announces that on June 17, 2014 it accepted final subscriptions on its non-brokered private placements previously announced on May 26, 2014. The gross proceeds raised from this final closing was $1.025 million, and combined with the amounts announced on June 4, 2014 brings the total gross proceeds raised from the two private placements to $6.1 [Read more]

Quattro Announces Final Closing of Donalda Acquisition of 100 boe/d in East Central Alberta

CALGARY, ALBERTA--(Marketwired - June 19, 2014) - Quattro Exploration and Production Ltd. ("Quattro" or the "Company") (TSX VENTURE:QXP) is pleased to announce the closing of the previously announced Donalda acquisition having an effective date of February 1st, 2014. As previously announced, the acquisition, from a private Alberta-based company, includes a combination of 1,000 mcf/d of natural gas production along with associated gathering, compression and spare equipment. The acquisition [Read more]

Manitok Energy Inc. Announces Cordel-Stolberg and Entice Drilling Results

CALGARY, ALBERTA--(Marketwired - June 19, 2014) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to provide an update to the Corporation's 2014 drilling program in the Cordel-Stolberg and Entice areas. Cordel-Stolberg Manitok is pleased to announce that it has successfully drilled, completed and tested its latest two wells. The first well (the "Cardium Well") targeted Cardium oil in the back-limb of the Stolberg structure in the center of the field. The [Read more]

Bonavista Energy Corporation Announces Ansell Area Asset Acquisition and Bought Deal Financing

CALGARY, ALBERTA--(Marketwired - June 18, 2014) - Bonavista Energy Corporation ("Bonavista" or the "Company") (TSX:BNP) is pleased to announce that it has entered into an agreement to acquire certain natural gas weighted assets (the "Acquired Assets") in the Ansell area of its Deep Basin Core Area (the "Acquisition"). The Acquired Assets mainly comprise of the vendor's 49% working interest in the Bonavista-operated Wilrich plays plus some minor additional lands in the immediate area. The [Read more]

Enbridge Finalizes $7.5 Billion Mainline Replacement Program Cost Estimate; Issues CDN$400 Million of Common Equity

CALGARY, ALBERTA and HOUSTON, TEXAS--(Marketwired - June 18, 2014) - Enbridge Inc. (TSX:ENB)(NYSE:ENB) and Enbridge Energy Partners, L.P. (NYSE:EEP) today announced the final scope and cost estimate for their Line 3 Replacement (L3R) Program is approximately $7.5 billion. The L3R Program was announced on March 3, 2014, following receipt of shipper support, and involves replacement of all segments of Line 3 between Hardisty, Alberta and Superior, Wisconsin with new pipe using the latest available [Read more]

Enbridge Announces Executive Changes

CALGARY, ALBERTA--(Marketwired - June 18, 2014) - Enbridge Inc. (TSX:ENB)(NYSE:ENB) announced today that J. Richard Bird, Executive Vice President, Chief Financial Officer and Corporate Development, plans to retire by the end of 2014. Upon Mr. Bird's retirement, his responsibilities will be split into two separate roles of chief financial officer and chief development officer. Enbridge also announced the appointment of John Whelen as Senior Vice President, Finance and of Vern Yu as Senior Vice [Read more]

Artek Exploration Ltd. Provides Operations Update

CALGARY, ALBERTA--(Marketwired - June 18, 2014) - Artek Exploration Ltd. (TSX:RTK) - Artek Exploration Ltd. ("Artek" or the "Company") is pleased to provide the following operational update. During the first quarter at Inga, the Company experienced some mechanical issues during the water based multi-stage fracture stimulation program performed on its second horizontal Doig well of the year at A5-11-88-23W6M as disclosed in a prior press release. Following breakup, Artek was able to complete [Read more]

Southern Pacific Installs Third ICD Configuration at STP-McKay and Provides Update on Pad 102 Downspacing

CALGARY, ALBERTA--(Marketwired - June 17, 2014) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) has completed another Inflow Control Device ("ICD") installation on one of its SAGD well pairs at the STP-McKay Thermal Project. The ICDs were installed on the 2P5 well pair, making this the third well pair of the 12 existing well pairs equipped with these devices. The 2P5 well pair was shut-in for 14 days to cool off and complete the workover; it was placed back on [Read more]