BOE Report

Petrox Resources Announces the Acquisition of Producing Properties

CALGARY, ALBERTA--(Marketwired - June 2, 2014) - Petrox Resources Corp. (TSX VENTURE:PTC) (the "Corporation" or "Petrox") is pleased to announce that, further to its news release of May 21, 2014, the Corporation has now completed the acquisition of certain oil and gas properties located in the Fletwode area of Saskatchewan for $2,100.000. These properties include six oil producing wells with a combined producing rate of approximately 40 barrels per day and a total proven plus probable reserve of [Read more]

Petrus Resources Ltd. Announces Closing of $50 Million Private Placement

CALGARY, ALBERTA--(Marketwired - June 2, 2014) - Petrus Resources Ltd. ("Petrus" or the "Company") is pleased to announce that it has closed its previously announced private placement co-led by RBC Capital Markets Inc. and GMP Securities L.P, and including Peters & Co. Limited, CIBC World Markets Inc. and Acumen Capital Finance Partners Limited (collectively, the "Agents"). The Company issued 9,240,000 Common Shares (including an upsize of 1,540,000 Common Shares from the original offering) [Read more]

Tourmaline Oil Corp. Completes $78.4 Million Flow-Through Financing

CALGARY, ALBERTA--(Marketwired - June 2, 2014) - Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities law. Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline") is pleased to announce that it has completed its previously announced flow-through share financing. At closing, Tourmaline issued 1,150,000 common shares (of which 1,000,000 were issued on a "bought deal" basis [Read more]

RedWater Continues to Increase Production and Cash Flow in First Quarter of 2014

OKOTOKS, ALBERTA--(Marketwired - June 2, 2014) - RedWater Energy Corp. ("RedWater") (TSX VENTURE:RED) is pleased to report record financial and operating results for the three month period ended March 31, 2014. Highlights Generated cash flow from operations of $249,551 in the first quarter of 2014 compared to a negative cash flow of ($41,010) in first quarter of 2013; Achieved an operating netback of $22.61 per boe in the first quarter of 2014, a 41.8% increase over the first quarter [Read more]

Shoreline Energy Corp. Announces Forbearance Agreement With Acceleration Resources

CALGARY, ALBERTA--(Marketwired - May 30, 2014) - Shoreline Energy Corp. (TSX:SEQ) and its wholly owned US subsidiary Shoreline Energy Holdings II, Inc. (collectively "Shoreline" or the "Corporation") announces that it has entered into an Forbearance Agreement with its final senior secured lender, Acceleration Resources II, LP (the "Acceleration Forbearance"). The Acceleration Forbearance along with previously announced forbearance agreements with its senior lenders, will provide Shoreline with [Read more]

Long Run Exploration Ltd. Announces Closing of Previously Announced Acquisition of Strategic Long Life Assets

CALGARY, ALBERTA--(Marketwired - May 30, 2014) - Long Run Exploration Ltd. ("Long Run" or the "Company") (TSX:LRE) is pleased to announce the closing of the previously announced acquisition (the "Acquisition") of certain strategic oil and liquids-rich natural gas assets focused on the Cardium in the Deep Basin and Pine Creek areas of Alberta. Total consideration, after closing adjustments, was approximately $225 million, with a closing date of May 30, 2014 and an effective date of April 1, 2014. [Read more]

Crew Announces Closing of Alberta Deep Basin Asset Disposition and Expansion of Its 2014 Montney Focused Capital Program

CALGARY, ALBERTA--(Marketwired - May 30, 2014) - Crew Energy Inc. (TSX:CR) ("Crew" or "the Company") is pleased to announce that it has closed its previously announced disposition of certain petroleum and natural gas assets (75% natural gas) focused primarily in the Deep Basin of Alberta, with an effective date of April 1, 2014. Full details regarding the disposition and concurrent acquisition of strategic Montney acreage were contained in Crew's press release dated April 9, [Read more]

Relentless Resources Announces Non-Brokered Private Placement Offering and Reserves Information Regarding Assets Being Purchased

CALGARY, ALBERTA--(Marketwired - May 30, 2014) - Relentless Resources Ltd. (TSX VENTURE:RRL) ("Relentless" or "the Company") announced today that it intends to complete a non-brokered private placement for up to $3.0 million dollars, made up of 4,166,666 flow through shares at $0.24/share and 10,000,000 common shares at $0.20/share. The shares will be subject to a four month hold period. A portion of the offering may be subscribed for by officers and directors of the Company. The proceeds of [Read more]

Canadian Natural Resources Limited Prices C$1 Billion in 5.5 and 10 Year Notes

CALGARY, ALBERTA--(Marketwired - May 29, 2014) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) ("Canadian Natural" or the "Company") announces that on May 29, 2014, it issued C$500 million principal amount of 2.60% unsecured notes due December 3, 2019 sold at a price of C$99.822 per $100 principal amount to yield 2.635% to maturity, and C$500 million principal amount of 3.55% unsecured notes due June 3, 2024 sold at a price of C$99.633 per $100 principal amount to yield 3.594% to [Read more]

Manitok Energy Inc. Announces Financial Results for the First Quarter of 2014 and an Operational Update

CALGARY, ALBERTA--(Marketwired - May 29, 2014) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) announces its financial and operating results for the first quarter of 2014. The full text of Manitok's first quarter report containing its unaudited condensed interim financial statements as at and for the three months ended March 31, 2014 and the related management's [Read more]