BOE Report

Southern Pacific Announces New First Lien Term Loan Facility Enhancing Balance Sheet Liquidity

CALGARY, ALBERTA--(Marketwired - March 26, 2014) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) announced today that further to the ongoing review of strategic and financial alternatives, it has entered into a fully underwritten 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 will have a five [Read more]

Questfire Energy Corp. Announces Agreement to Repurchase Debentures, Issuer Bid for Class B Shares, Facilities Joint Venture and Amendments to Credit Facilities

CALGARY, ALBERTA--(Marketwired - March 26, 2014) - NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS. Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A)(TSX VENTURE:Q.B) announces that it has entered an agreement with the sole holder (the "Debentureholder") of its Convertible Senior Secured Debentures due April 30, 2016 for Questfire to repurchase all of such debentures at an aggregate purchase price of $13.6 million, effective March 26, [Read more]

Zargon Oil & Gas Ltd. Announces First Chemical Injections at the Little Bow ASP Project

CALGARY, ALBERTA--(Marketwired - March 26, 2014) - Zargon Oil & Gas Ltd. (TSX:ZAR)(TSX:ZAR.DB) ("Zargon") is pleased to announce that Zargon's Little Bow Alkaline Surfactant Polymer ("ASP") enhanced oil recovery project has been commissioned and ASP injection into the reservoir has commenced. The total cost to complete the project was approximately $50 million which is roughly consistent with our November 2012 press release that projected a $47 million project cost and a December 2013 on [Read more]

Chinook Energy Announces Year End 2013 Results

CALGARY, ALBERTA--(Marketwired - March 25, 2014) - Chinook Energy Inc. ("our", "we", "us" or "Chinook") (TSX:CKE) is pleased to announce its audited year end financial results as well as certain year end operational results. The audited financial results presented herein are consistent with the unaudited financial results announced in our news release issued on February 26, 2014. We will file later this evening our audited consolidated financial statements for the years ended December 31, 2013 [Read more]

Freehold Royalties Ltd. Announces the Nomination of a New Director

CALGARY, ALBERTA--(Marketwired - March 25, 2014) - Freehold Royalties Ltd. (Freehold) (TSX:FRU) is pleased to announce that Susan MacKenzie has agreed to stand for election as a director of Freehold at the annual meeting of shareholders to be held on May 14, 2014. Ms. MacKenzie is a Corporate Director, independent consultant, and former oil and gas industry executive with over 25 years of energy sector experience in operations and service support areas. Ms. MacKenzie has been an [Read more]

Kelt Closes Equity Financings for $147 Million

CALGARY, ALBERTA--(Marketwired - March 25, 2014) - Kelt Exploration Ltd. (TSX:KEL) ("Kelt" or the "Company") is pleased to announce that it has completed a bought deal private placement offering (the "Brokered Offering") with a syndicate of underwriters led by Peters & Co. Limited and including FirstEnergy Capital Corp., RBC Capital Markets, National Bank Financial Inc., CIBC World Markets Inc., GMP Securities L.P., Scotia Capital Inc., AltaCorp Capital Inc., Dundee Securities Ltd., Cormark [Read more]

Kelt Reports on Notice of Transportation Disruptions at Grande Cache

CALGARY, ALBERTA--(Marketwired - March 25, 2014) - Kelt Exploration Ltd. ("Kelt" or the "Company") (TSX:KEL) produces natural gas that is delivered to the Copton Creek and Cutbank River receipt points which it has been advised will be affected by the National Energy Board ("NEB")'s order SG-N081-001-2014 issued on March 4, 2014 (the "Order") to Nova Gas Transmission Ltd. ("NGTL"), a wholly owned subsidiary of TransCanada PipeLines Limited ("TCPL"). Kelt production delivered to the Copton [Read more]

Manitok Energy Inc. Announces Appointment of New Vice President Production and Engineering

CALGARY, ALBERTA--(Marketwired - March 25, 2014) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) Manitok is pleased to announce the appointment of Tim Jerhoff as the Corporation's new Vice President Production and Engineering. Mr. Jerhoff is a professional engineer with over 25 years of experience in the Canadian oil and gas industry. Mr. Jerhoff began his career with Petro-Canada in 1988 and he eventually became Team Lead, northeast BC natural gas and was responsible [Read more]

Crocotta Energy Announces Strong Reserve Growth

CALGARY, ALBERTA--(Marketwired - March 25, 2014) - Crocotta Energy Inc. ("Crocotta") (TSX:CTA) is pleased to announce its 2013 year-end reserves as independently evaluated by GLJ Petroleum Consultants Ltd., in accordance with National Instrument 51-101 ("NI 51-101"). 2013 Highlights Increased proved plus probable reserves by 21% to 46.3 million barrels of oil equivalent ("boe") Increased proved reserves by 29% to 28.6 million boe Increased reserves per share by 12% Reserve [Read more]

Crocotta Energy Announces Year End 2013 Financial and Operating Results

CALGARY, ALBERTA--(Marketwired - March 25, 2014) - CROCOTTA ENERGY INC. (TSX:CTA) is pleased to announce its financial and operating results for the year ended December 31, 2013, including consolidated financial statements, notes to the consolidated financial statements, and Management's Discussion and Analysis. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Increased average production 26% to 8,724 boepd in 2013 from 6,911 boepd in 2012 Increased netbacks to [Read more]