BOE Report

Arsenal Energy Inc. Announces $4 Million Bought Deal Financing

CALGARY, ALBERTA--(Marketwired - June 11, 2014) - Arsenal Energy Inc. ("Arsenal" or the "Corporation") (TSX:AEI) announces it has entered into an equity financing agreement, on a bought deal basis, with Acumen Capital Finance Partners Limited, as lead underwriter on behalf of a syndicate of underwriters including National Bank Financial Inc., Industrial Alliances Securities Inc. and PI Financial Corp. (collectively, the "Underwriters"). Under the terms of the agreement Arsenal will issue [Read more]

Osum Oil Sands Corp. Acquires Orion Oil Sands Project

CALGARY, ALBERTA--(Marketwired - June 10, 2014) - Osum Oil Sands Corp. ("Osum" or the "Company"), a private in-situ oil sands company, today announced that it has entered into an agreement to purchase the Orion Oil Sands Project from Shell Canada (a Royal Dutch Shell Group entity) for Canadian $325 Million (subject to customary purchase price adjustments and certain closing conditions). The transaction is expected to close on or about July 31, 2014. Commenting on the acquisition, Steve [Read more]

MGM Energy Corp. Announces Receipt of Shareholder Approval for Arrangement Pursuant to which Paramount Resources Ltd. will Acquire MGM Energy Corp.

CALGARY, ALBERTA--(Marketwired - June 10, 2014) - MGM Energy Corp. ("MGM Energy" or the "Company") (TSX:MGX) announced today that, further to its April 14, 2014 press release, it has received the requisite shareholder approvals for the previously announced arrangement (the "Arrangement") pursuant to which Paramount Resources Ltd. ("Paramount") will acquire all of the MGM Energy shares not already owned by it. The Arrangement was approved at a special meeting of shareholders of MGM Energy held [Read more]

Waldron Energy Corporation Announces Sale of Gross Overriding Royalty for Total Proceeds of Seven Million Dollars

CALGARY, ALBERTA--(Marketwired - June 10, 2014) - Waldron Energy Corporation (TSX:WDN) ("Waldron" or the "Corporation") is pleased to announce that it has entered into a purchase and sale agreement ("Agreement" or "Transaction") with Maple Leaf 2013 Oil & Gas Income Limited Partnership for total proceeds of $7 million to sell a 3% gross overriding royalty ("GORR") on its existing land base. The Agreement is subject to customary closing conditions and consents and is expected to close within [Read more]

Questerre Spuds Second 100% Well in Kakwa

CALGARY, ALBERTA--(Marketwired - June 10, 2014) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) is pleased to report that it has recently spud its second 100% working interest well in the Kakwa-Resthaven area of west-central Alberta. Michael Binnion, President and Chief Executive Officer of Questerre, commented, "This is an important well for us as it is the first well on our 100% seven-section block in Kakwa North. We have licensed additional locations and [Read more]

CAPP Crude Oil Forecast: Oil Sands Development Drives Steady Canadian Oil Production Growth to 2030

CALGARY, ALBERTA--(Marketwired - June 9, 2014) - Canadian oil production is projected to grow steadily by an annual average of four per cent or 175,000 barrels per day over the period to 2030 as companies continue to develop the oil sands in response to strong demand indications from North American and global energy markets. According to CAPP's 2014 Crude Oil Forecast, Markets and Transportation, total Canadian crude oil production will increase to 6.4 million barrels per day by 2030 from 3.5 [Read more]

Arcan Updates Its $180 Million Credit Facility

CALGARY, ALBERTA--(Marketwired - June 9, 2014) - Arcan Resources Ltd. (TSX VENTURE:ARN) ("Arcan" or the "Corporation") has reached an agreement to amend its credit facility following an annual review by the Corporation's syndicate of lenders, led by Alberta Treasury Branches and including National Bank of Canada, Bank of Nova Scotia, Canadian Imperial Bank of Commerce and Royal Bank of Canada. Arcan's total credit commitment has been reduced from $190 million to $180 million and will continue to [Read more]

Baytex Announces Closing of US$800 Million Private Placement Offering of Senior Notes

CALGARY, ALBERTA--(Marketwired - June 6, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) announced today the closing of its private placement offering (the "offering") of senior notes due 2021 (the "2021 Notes") and 2024 (the "2024 Notes" and, together with the 2021 Notes, the "Notes") in an aggregate principal amount of US$800 million. The 2021 Notes were issued at par in an aggregate principal amount of US$400 million, bear interest at a rate of 5.125% per annum and mature on June [Read more]

Artisan Energy Announces an Increase to Its Convertible Debenture Private Placement and Engagement of Richardson GMP as Agent

CALGARY, ALBERTA--(Marketwired - June 6, 2014) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) announces that its non-brokered private placement of up to $5.0 million of secured convertible debentures (the "Convertible Debentures") has been over-subscribed. Artisan and Richardson GMP Limited ("RGMP") have collectively received subscriptions for $5.362 million of the Convertible Debentures. Given the size and level of interest for the Convertible Debentures, [Read more]

RMP Energy Reports Voting Results of Annual and Special Meeting and Announces Increased Bank Lines

CALGARY, ALBERTA--(Marketwired - June 5, 2014) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to report and announce the following: Annual and Special Meeting Voting Results The Company held its annual and special meeting of shareholders (the "Meeting") in Calgary on June 5, 2014. A total of approximately 77,525,750 common shares (approximately 64.5% of the outstanding common shares) were represented at the Meeting in person or by proxy. At the Meeting, shareholders [Read more]