BOE Report

Magnum Announces Jenner, Alberta Acquisition

CALGARY, ALBERTA--(Marketwired - May 26, 2014) - MAGNUM ENERGY INC. ("Magnum" or the "Corporation") (TSX VENTURE:MEN) Magnum announces that the company has entered into a Purchase and Sale Agreement with a private, Calgary-based company to purchase an operated, 100% working interest in the Jenner, Alberta area. The property currently produces 350 mcfd gas sales (58 boepd) from the shallow Medicine Hat and Milk River formations, covers 9.75 gross (9.75 net) sections of land, and includes [Read more]

Contact Announces Non-Brokered Private Placement and Increase in Credit Facilities

CALGARY, ALBERTA--(Marketwired - May 26, 2014) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) is pleased to announce that it intends to proceed with a non-brokered private placement (the "Private Placement") of up to: (i) 10,256,411 common shares (the "Common Shares") of the Company at an issue price of $0.39 per Common Share; and (ii) 13,700,000 Common Shares to be issued on a "flow-through" basis respecting the expenditure of Canadian development expenses pursuant to [Read more]

Relentless Resources Announces Agreement to Purchase Alberta Oil and Gas Assets

CALGARY, ALBERTA--(Marketwired - May 23, 2014) - Relentless Resources Ltd. (TSX VENTURE:RRL) ("Relentless" or "the Company") announced today that its nominee, 1819113 Alberta Ltd. ("1819113" or "the Nominee" ) has completed a purchase of approximately 127 boe/d of conventional producing P&NG assets from a private company for $3 million in cash, subject to industry standard closing adjustments. 1819113 is wholly owned by certain directors and officers of Relentless. The Nominee funded the [Read more]

Baytex Announces Proposed US$780 Million Private Placement Offering of Senior Notes

CALGARY, ALBERTA--(Marketwired - May 23, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) announced today that it intends to offer US$780 million aggregate principal amount of senior notes due 2021 (the "2021 Notes") and 2024 (the "2024 Notes" and, together with the 2021 Notes, the "Notes") in a private placement offering (the "offering"), subject to market and other conditions. Each series of Notes will pay interest semi-annually in arrears. The final terms of each series of Notes [Read more]

Chinook Energy Inc. Provides Birley/Umbach Operational Update

CALGARY, ALBERTA--(Marketwired - May 22, 2014) - Chinook Energy Inc. (TSX:CKE) ("Chinook") is pleased to provide the following operational update on its Birley/Umbach property. During the first quarter of 2014, Chinook drilled its first horizontal Montney well in the Birley/Umbach area at a-60-K/94-H-3 (75 per cent working interest). The well was drilled to a total measured depth of 2,700 metres with a 1,220 metre lateral section and was completed with an 18 stage nitrified slickwater [Read more]

Questfire Energy Corp. Announces 2014 First Quarter Financial Results

CALGARY, ALBERTA--(Marketwired - May 22, 2014) -Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A)(TSX VENTURE:Q.B) is pleased to announce that it has filed on SEDAR its unaudited financial statements and related management's discussion and analysis ("MD&A") for the three month period ended March 31, 2014. Financial and Operating Highlights Three months ended March 31, 2014 2013 Financial Oil and natural gas [Read more]

Donnycreek Reports Interim Reserves at March 31, 2014

CALGARY, ALBERTA--(Marketwired - May 22, 2014) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports the results of its March 31, 2014 Evaluation of Oil and Gas Reserves on its Alberta oil and gas properties (the "McDaniel Report"), as evaluated by McDaniel & Associates Consultants Ltd. ("McDaniel") in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities. A summary of the Company's reserves volumes according to [Read more]

Hemisphere Energy Announces Q1 2014 Financial and Operating Results

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 22, 2014) - Hemisphere Energy Corporation (TSX VENTURE:HME) ("Hemisphere" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2014. Q1 2014 Achievements and Financial Highlights Achieved quarterly average production of 567 boe/d (86% oil and NGL), a 37% increase over the same period in 2013. Generated a record $3.6 million in petroleum and natural gas revenue. Increased funds [Read more]

Blackbird Energy Inc. Announces Appointment of William C. Macdonald to Board of Directors

CALGARY, ALBERTA--(Marketwired - May 21, 2014) - Blackbird Energy Inc. ("Blackbird" or the "Company") (TSX VENTURE:BBI) is very pleased to announce the appointment of William C. Macdonald to its board of directors. Mr. Macdonald has over thirty years of petroleum land management experience in Western Canada. He is currently the President of Bilmac Resources, an oil and gas consulting firm that provides land management support to various clients, and specializes in the capitalization of [Read more]

Petrox Resources Announces the Acquisition of Producing Properties

CALGARY, ALBERTA--(Marketwired - May 21, 2014) - Petrox Resources Corp. (TSX VENTURE:PTC) (the "Corporation" or "Petrox") is pleased to announce that, further to its news release of March 26, 2014, the Corporation has now entered into a definitive sale and purchase agreement for the acquisition of certain oil and gas properties located in the Fletwode area of Saskatchewan. These properties include six oil producing wells with a combined producing rate of approximately 40 barrels per day. The [Read more]