BOE Report

Magnum Announces Provost Disposition Will Not Proceed

CALGARY, ALBERTA--(Marketwired - April 23, 2014) - MAGNUM ENERGY INC. ("Magnum" or the "Corporation") (TSX VENTURE:MEN) Magnum announces that closing of the previously announced transaction with Artisan Energy Corporation ("Artisan") to sell Magnum's 50% working interest in the Provost area of Alberta (the "Provost Asset") for consideration of $5.6 million will not proceed. Despite Magnum granting numerous extensions to the Closing Date, Artisan was unable to secure the financing necessary to [Read more]

Artisan Provides Corporate Update and Announces Non-Brokered Private Placement

CALGARY, ALBERTA--(Marketwired - April 23, 2014) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) announces that it will not be proceeding with its previously announced purchase and sale agreement with Magnum Energy Inc. (TSX VENTURE:MEN) relating to Magnum's 50% operated working interest in the Provost area of Alberta (the "Magnum Acquisition"). In addition, Artisan has withdrawn its short form prospectus brokered financing. Non-Brokered Convertible Debenture [Read more]

Quattro Provides Financial Guidance and Announces the Withdrawal of Its Convertible Debenture Offering

CALGARY, ALBERTA--(Marketwired - April 22, 2014) - Quattro Exploration and Production Ltd. (TSX VENTURE:QXP) ("Quattro" or the "Company") is pleased to announce April 28, 2014 as the anticipated date for the release of our audited financials for the year ended December 31, 2013. The Company is also pleased to confirm its previous guidance of pro forma revenue for the year ended December 31, 2013, exceeding $14 million as previously projected. Furthermore, Quattro's Board of Directors, in [Read more]

Baytex Commences Tender Offers and Consent Solicitations for Senior Notes of Aurora USA Oil & Gas, Inc.

CALGARY, ALBERTA--(Marketwired - April 22, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) today announced the commencement of cash tender offers (each an "Offer" and collectively, the "Offers") relating to any and all of the US$365,000,000 current outstanding principal amount of 9.875% Senior Notes due 2017 (the "9.875% Notes") and US$300,000,000 current outstanding principal amount of 7.50% Senior Notes due 2020 (the "7.50% Notes" and together with the 9.875% Notes, the "Notes") of [Read more]

MGM Energy Corp.: Financial Results for the Three Months Ended March 31, 2014

CALGARY, ALBERTA--(Marketwired - April 22, 2014) - MGM Energy Corp. ("MGM Energy" or the "Company") (TSX:MGX) announced today its financial results for the three months ended March 31, 2014. The Company reported a net loss for the three months ended March 31, 2014 of $1.5 million ($0.00 per share) as compared to a net loss of $0.6 million ($0.00 per share) for the three months ended March 31, 2013. MGM Energy's full unaudited financial statements and accompanying Management's Discussion [Read more]

Mooncor Announces Proposed Non-Brokered Private Placement

TORONTO, ONTARIO--(Marketwired - April 22, 2014) - Mooncor Oil & Gas Corp. ("Mooncor") (TSX VENTURE:MOO) announced today a proposed non- brokered private placement financing pursuant to which Mooncor proposes to raise gross proceeds of up to $1,500,000 through the issuance of "flow-through" common shares at a price of $0.08 per share and common share units ("Units") at a price of $0.06 per Unit. Each Unit is to consist of one common share in the capital of Mooncor (a "Common Share") and one [Read more]

Century Energy Completes Sale of Vawn Assets

CALGARY, ALBERTA--(Marketwired - April 22, 2014) - Further to the press release dated April 7, 2014 regarding the proposed sale of its Vawn Heavy Oil property in Saskatchewan, Century Energy Ltd. ("Century") (TSX VENTURE:CEY) is pleased to announce that it received shareholder approval for the sale of these assets to a third party for a cash consideration of $475,000 at its Annual and Special Meeting held April 17, 2014 in Calgary. Century will now conduct a review of its strategic options [Read more]

Deep Well Operations Update

EDMONTON, ALBERTA--(Marketwired - April 22, 2014) - Deep Well Oil & Gas, Inc. (and its subsidiaries - "Deep Well" or "Company") (OTCQB:DWOG) is pleased to announce the following operations update on its joint projects located in Sawn Lake, Alberta. Since entering into a Farmout Agreement in late July of 2013 with MP West Canada SAS (the "Farmee"), a subsidiary beneficially owned 1/3 by Maurel et Prom and 2/3 by MPI Energy, two listed companies based in Paris, France, and after entering [Read more]

TransCanada Disappointed and Frustrated with Keystone Delay

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CALGARY, ALBERTA--(Marketwired - April 21, 2014) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today released the following statement from Russ Girling, TransCanada's President and Chief Executive Officer, related to another process delay announced by the U.S. Department of State (DOS) April 18, 2014 with respect to the permitting process for Keystone XL. DOS said on April 18 that it will seek the input of eight federal agencies in the course of assessing the National Interest [Read more]

Traverse Energy Ltd. Grants Stock Options

CALGARY, ALBERTA--(Marketwired - April 21, 2014) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) announces that it granted stock options to its directors and officers to purchase 975,000 common shares with an exercise price of $0.95 per share and an expiry date 5 years from the date of grant. The options vest immediately upon grant. The total number of options outstanding as of the date hereof is 6,015,000. The Corporation is a junior oil and natural gas exploration and [Read more]