BOE Report

Shoreline Energy Corp. Announces Acceleration of Its Credit Facility

CALGARY, ALBERTA--(Marketwired - April 21, 2014) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") announces that it has received notice of acceleration from its lender under its credit facility (the "Notice"). The Notice provides that the lender intends to accelerate the repayment of approximately $20.6 million outstanding under the facility. Shoreline and its financial advisor RBC Capital Markets, and its legal counsel, Stikeman Elliot are working with the lender to [Read more]

Blackbird Energy and Pennant Energy Announce Closing of Business Combination

CALGARY, ALBERTA--(Marketwired - April 17, 2014) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird") and Pennant Energy Inc. (TSX VENTURE:PEN) ("Pennant") are pleased to announce that they have closed a plan of arrangement whereby Pennant has become a wholly-owned subsidiary of Blackbird. The consolidated entity is expected to carry on business as an oil and liquids focused emerging producer and will continue to trade on the TSX Venture Exchange (the "Exchange") under the name "Blackbird [Read more]

Canadian Natural Resources Limited Announces Discovered Presence of Light Oil/Hydrocarbons Offshore Cote d’Ivoire

CALGARY, ALBERTA--(Marketwired - April 17, 2014) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) ("Canadian Natural" or the "Company") is pleased to announce that the Saphir-1XB well has encountered an accumulation of light oil in the deepwater frontier exploration play in Block CI-514 offshore Cote d'Ivoire. The well was drilled by a semi-submersible rig in a water depth of 2,300 meters and reached a total depth of 4,655 meters. The well encountered a series of thick sands of [Read more]

QEC: 100% Montney Well to Be Completed After Breakup

CALGARY, ALBERTA--(Marketwired - April 17, 2014) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) reported today that drilling operations have been successfully completed on the 16-07-62-5W6M well (the "16-07 Well") in the Kakwa-Resthaven area of west central Alberta. Questerre holds a 100% interest in this well situated approximately six miles south of its producing wells in the area. The 16-07 Well was drilled to a total measured depth of 5053m including a [Read more]

Pine Cliff Energy Ltd. Announces Executive Appointment and Grant of Stock Options

CALGARY, ALBERTA--(Marketwired - April 16, 2014) - Pine Cliff Energy Ltd. ("Pine Cliff") (TSX VENTURE:PNE) is pleased to announce the appointment of Terry McNeill to the position of Vice President Operations. Mr. McNeill has over 20 years of experience in the oil and gas industry and held the same position at Berkana Energy Corp. from September 2006 until January 2008 and Quatro Resources Ltd. from January 2008 until the sale of the company in November 2012. Mr. McNeill possesses a broad range [Read more]

Spartan Energy Corp. Provides Drilling and Operational Update

CALGARY, ALBERTA--(Marketwired - April 16, 2014) - Spartan Energy Corp. ("Spartan" or the "Company") (TSX VENTURE:SPE) is pleased to provide a first quarter operational and drilling update. References to Spartan's operations in this press release include first quarter operations of Renegade Petroleum Ltd., which was acquired by Spartan on March 31, 2014. OPERATIONS UPDATE Spartan was active in the field during the first quarter of 2014, drilling a total of 19 (17.5 net) wells. Of these, 3 [Read more]

Manitok Energy Inc. Announces Unaudited 2013 Financial and Operating Results, the 2013 Reserves Evaluation and an Operational Update

CALGARY, ALBERTA--(Marketwired - April 15, 2014) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to announce its 2013 fourth quarter and year-end unaudited financial and operational results; provide highlights from its 2013 independent Reserves Evaluation and provide an operational update. All financial amounts referred to in this press release are management's best estimates and the year-end financial statements have not yet been audited. The full text of [Read more]

Baytex Supports Regulatory Initiatives on Peace River Oil Production Announced Today by the Alberta Energy Regulator

CALGARY, ALBERTA--(Marketwired - April 15, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE)(NYSE:BTE) supports the regulatory initiatives announced today by the Alberta Energy Regulator ("AER") governing heavy oil development in the Peace River region. Baytex welcomed the AER's Public Proceeding held in January into Odours and Emissions from Heavy Oil Operations in the Peace River Area. The AER Panel provided a highly-credible, science-based venue for addressing and finding solutions to a [Read more]

TransCanada Closes Sale of Cancarb Limited

CALGARY, ALBERTA--(Marketwired - April 15, 2014) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) has closed the sale of Cancarb Limited (Cancarb) and its related power generation facility to Tokai Carbon Co., Ltd. for aggregate gross proceeds of $190 million plus customary post-closing adjustments. The agreement to sell Cancarb was initially announced on January 20, 2014. TransCanada expects to realize a gain of approximately $95 million net of tax in its second quarter 2014 [Read more]

Hemisphere Energy Corporation Announces Year-End 2013 Financial Results

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 15, 2014) - Hemisphere Energy Corporation (TSX VENTURE:HME) ("Hemisphere") is pleased to announce its financial and operating results for the twelve months ended December 31, 2013. As a result of changing the Company's fiscal year-end from February 28 to December 31, Hemisphere's current reporting period is for the twelve months ended December 31, 2013 with comparatives to the ten months ended December 31, 2012. Financial Highlights [Read more]