BOE Report

Strategic Oil & Gas Ltd. Achieves Major Milestone by Connecting Steen River Assets to Sales Oil Pipeline

CALGARY, ALBERTA--(Marketwired - March 31, 2014) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) is pleased to announce that it has successfully completed the last of its planned major infrastructure projects with the connection of its 115 km long Bistcho pipeline. Oil started to flow into the pipeline on March 29, 2014. In 2012, Strategic discovered a significant Muskeg Stack light oil resource in the Steen River area of northern Alberta. During the past 18 [Read more]

Southern Pacific Completes CAD$150 Million First Lien Term Loan

CALGARY, ALBERTA--(Marketwired - March 31, 2014) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) announced today that it has closed the previously announced loan agreement with Credit Suisse AG and its affiliate for a new first lien term loan facility with an aggregate principal amount equal to the U.S. dollar equivalent amount of CAD$150,000,000. The new first lien loan has a five year term with a maturity date on March 31, 2019 and will bear interest at LIBOR [Read more]

BlackPearl Enters Into Construction Contract for the Central Processing Facilities at Its Onion Lake Thermal Project

CALGARY, ALBERTA--(Marketwired - March 31, 2014) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce that it has entered into a lump sum contract with Propak Systems Ltd (Propak) for the engineering, procurement and fabrication of the central processing facilities for the Company's Onion Lake thermal project. Propak has successfully constructed and installed processing facilities for three similar thermal projects in Saskatchewan which are [Read more]

Strategic Oil & Gas Ltd. Announces Year-End 2013 Financial Results, Second Closing of Private Placements and Operations Update

CALGARY, ALBERTA--(Marketwired - March 31, 2014) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) reports financial and operating results for the fourth quarter and year ended December 31, 2013, announces the closing of the second tranche of the previously announced $50 million private placement and provides results on the Muskeg Stack horizontal wells drilled in the first quarter of 2014. Detailed results are presented in Strategic's audited consolidated financial [Read more]

Delphi Energy Announces Increased Credit Facility and Provides Operations Update

CALGARY, ALBERTA--(Marketwired - March 31, 2014) - Delphi Energy Corp. ("Delphi" or the "Company") (TSX:DEE) is pleased to announce an increase to its senior credit facility and provide an update to its ongoing winter drilling program. SENIOR CREDIT FACILITY Delphi's lenders (National Bank of Canada, Bank of Nova Scotia and Alberta Treasury Branches) have completed their annual review of the Company's senior credit facility resulting in a $30.0 million increase in the facility to $170.0 [Read more]

Anderson Energy Announces 2013 Fourth Quarter and Year End Results

CALGARY, ALBERTA--(Marketwired - March 31, 2014) - Anderson Energy Ltd. ("Anderson" or the "Company") (TSX:AXL) announces its operating and financial results for the fourth quarter and year ended December 31, 2013. HIGHLIGHTS Anderson commenced a Cardium horizontal light oil winter drilling program using slick water frac technology in November 2013. The average initial production rate over the first 30 days for the first five wells in the program was 458 BOED per well. The best performing [Read more]

Encana to Sell Its Jonah Field Operations in Wyoming to an Affiliate of TPG Capital for $1.8 billion

CALGARY, ALBERTA--(Marketwired - March 31, 2014) - Encana Corporation (Encana) (TSX:ECA) (NYSE:ECA) announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement with an affiliate of TPG Capital (TPG) to sell certain natural gas properties in the Jonah field located in Sublette County, Wyoming, for a purchase price of approximately US$1.8 billion. "This transaction is consistent with our strategy," says Doug Suttles, Encana President & CEO. [Read more]

Husky Energy Delivers Production at the Liwan Gas Project in the South China Sea

CALGARY, ALBERTA--(Marketwired - March 30, 2014) - Husky Energy (TSX:HSE) and CNOOC Limited have commenced first production at the landmark Liwan Gas Project in the South China Sea. "Liwan is Husky's largest project to date and places us inside the door of one of the fastest growing energy markets in the world," said CEO Asim Ghosh. "It was a massive undertaking and is a great achievement for deepwater gas production in the Asia Pacific Region." Located approximately 300 kilometres [Read more]

Donnycreek Announces Second Quarter Results & Provides Kakwa and Wapiti Field Operations Update

CALGARY, ALBERTA--(Marketwired - March 28, 2014) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports that it has filed its condensed interim financial statements and related Management's Discussion and Analysis ("MD&A") for the three and six months ended January 31, 2014 with 2013 comparatives on SEDAR. Selected financial and operational information is outlined below and should be read in conjunction with Donnycreek's condensed interim financial statements for [Read more]

Tuscany Reports Increased Production, Revenues and Cash Flow for 2013

CALGARY, ALBERTA--(Marketwired - March 28, 2014) - Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to report improved operating results for 2013, with especially positive results for the last quarter ended December 31, 2013. Increased production volumes, revenues and cash flow resulted from the acquisition of Diaz Resources Ltd, effective July 15, 2013, and the drilling of heavy oil development wells during the last half of the year. Corporate Summary Three months [Read more]