BOE Report

Deep Well SAGD Steam Update

EDMONTON, ALBERTA--(Marketwired - May 28, 2014) - Deep Well Oil & Gas, Inc. (and its subsidiaries - "Deep Well" or "Company") (OTCQB:DWOG) wishes to announce that we have been informed by the operator that steam is being injected into our pilot project wells at Sawn Lake. Once steam communication is established between the two wells, then the oil pumping will commence. Oil production is anticipated after 3 months of steam injection. For further information about the SAGD project visit our [Read more]

Petrolia Completes its Succession Plan

QUÉBEC CITY, QUÉBEC--(Marketwired - May 27, 2014) - Pétrolia (TSX VENTURE:PEA) is pleased to announce the next stage of its succession plan. Mr. Myron Tetreault, currently Chairman of the Board and interim President and Chief Executive Officer has been appointed Executive Chairman of the Board. Mr. Alexandre Gagnon, currently Executive Vice President, has been promoted to President and Chief Executive Officer. These changes complete the implementation of the succession plan initiated in [Read more]

Baytex Provides Update on Timing of Closing Aurora Acquisition and Exchange of Subscription Receipts for Common Shares

CALGARY, ALBERTA--(Marketwired - May 27, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE)(NYSE:BTE) provides an update on the status of its proposed acquisition of Aurora Oil & Gas Limited ("Aurora") pursuant to a scheme of arrangement under Australian law (the "Arrangement"). On May 26, 2014 (in Perth), the Federal Court of Australia made orders approving the Arrangement between Aurora and its shareholders under which Baytex will acquire, through its wholly-owned subsidiary Baytex Energy [Read more]

Spartan Energy Corp. Announces Increase to Bought Deal Financing from $100 Million to $130 Million

CALGARY, ALBERTA--(Marketwired - May 27, 2014) - Spartan Energy Corp. ("Spartan" or the "Company") (TSX VENTURE:SPE) is pleased to announce that it has increased its previously announced bought deal financing with a syndicate of underwriters co-led by Peters & Co. Limited, Clarus Securities Inc. and GMP Securities L.P., and including TD Securities Inc., Dundee Securities Ltd., Desjardins Securities Inc., FirstEnergy Capital Corp., AltaCorp Capital Inc., Macquarie Capital Markets Canada Ltd., [Read more]

DeeThree Exploration Announces Completion of $73 Million Prospectus Offering

CALGARY, ALBERTA--(Marketwired - May 27, 2014) - DeeThree Exploration Ltd. ("DeeThree" or the "Corporation") (TSX:DTX)(OTCQX:DTHRF) is pleased to announce that it has completed its previously announced short form prospectus offering (the "Offering"), raising gross proceeds of $73,429,220. The Offering was co-led by Cormark Securities Inc. and Macquarie Capital Markets Canada Ltd., on their own behalf and on behalf of Raymond James Ltd., CIBC, Dundee Securities Ltd., TD Securities Inc., [Read more]

Lightstream Announces New Swan Hills Battery, $98 Million Non-Core Asset Disposition and Provides Updated Guidance

CALGARY, ALBERTA--(Marketwired - May 27, 2014) - Lightstream Resources Ltd. ("Lightstream" or the "Company") (TSX:LTS), is pleased to announce that our new Swan Hills battery is operational and that we have entered into an agreement to complete a further non-core asset disposition for gross proceeds of $98 million. In connection with the disposition, we have updated our production guidance for the year. The Swan Hills region of our Alberta/BC business unit has become an area of focus and [Read more]

Spartan Energy Corp. Announces Southeast Saskatchewan Asset Acquisition, Upward Revision to Guidance and $100 Million Equity Financing

CALGARY, ALBERTA--(Marketwired - May 27, 2014) - Spartan Energy Corp. ("Spartan" or the "Company") (TSX VENTURE:SPE) is pleased to announce a strategic southeast Saskatchewan light oil acquisition (the "Acquisition"). Spartan has entered into a definitive purchase and sale agreement to acquire properties from an arm's length oil and gas producer for consideration of $98 million. The assets to be acquired pursuant to the Acquisition (the "Assets") are currently producing approximately 1,000 boe/d [Read more]

Quattro releases 1st Quarter Financials Exiting at Over 1,500 BOEPD and Net Earnings of $0.09 per Share

CALGARY, ALBERTA--(Marketwired - May 27, 2014) - Quattro Exploration and Production Ltd. (TSX VENTURE:QXP) ("Quattro" or the "Company") is pleased to announce the filing of its first quarter 2014 financial statements, reporting CDN $0.09 per share earnings. The Company has reported the following results for the 3 months ending March 31st, 2014: • Revenues $ 4,166,100 • Net income from operations, $18.75 per boe "Net Back" $ 2,111,200 • Net [Read more]

Canadian Spirit Resources Inc. Announces Private Placements

CALGARY, ALBERTA--(Marketwired - May 26, 2014) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI)(OTCBB:CSPUF) announces that it is proposing to undertake, subject to TSX Venture Exchange approval, two concurrent non-brokered private placements. One placement will be up to 6.0 million units ("Units") at a price of $0.50 per Unit for total gross proceeds of up to $3.0 million. Each Unit will consist of one common share of the Corporation and one-half of one common [Read more]

Petrolia: The Hydrogeological Study on the Haldimand Sector Shows That Oil Drilling Activities Can Be Done Without Negatively Affecting the Drinking Water for the City of Gaspe

QUEBEC CITY, QUEBEC--(Marketwired - May 26, 2014) - Pétrolia (TSX VENTURE:PEA) is pleased to announce the findings of the hydrogeological characterization study on the Haldimand sector conducted by the Institut national de la recherche scientifique - Centre Eau Terre Environnement (INRS-ETE). The purpose of the study was to have independent experts examine the risk of groundwater quality degradation linked to oil and gas exploration and extraction. The study showed that Pétrolia's [Read more]