BOE Report

Kelt Reports Financial and Operating Results for the Year Ended December 31, 2013

CALGARY, ALBERTA--(Marketwired - March 11, 2014) - Kelt Exploration Ltd. (TSX:KEL) ("Kelt" or the "Company") has released its financial and operating results for the quarter and year ended December 31, 2013. The Company's financial results are summarized as follows: (CA$ thousands, except as otherwise indicated) Three months ended December 31, 2013 Year ended December 31, 2013 Revenue, before royalties and financial instruments 18,543 46,656 Funds from [Read more]

Blackbird Energy and Pennant Energy Announce Receipt of Interim Court Order for Proposed Business Combination and Filing of Meeting Materials for Pennant Shareholders Meeting

CALGARY, ALBERTA and VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 11, 2014) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird") and Pennant Energy Inc. (TSX VENTURE:PEN) ("Pennant") are pleased to announce that they have obtained an Interim Order (the "Interim Order") of the Supreme Court of British Columbia (the "Court") with respect to their proposed plan of arrangement (the "Arrangement") pursuant to the Business Corporations Act (British Columbia) (the "Act"). The TSX Venture [Read more]

MGM Energy Corp. Announces Receipt of Proposal From Paramount Resources Ltd.

CALGARY, ALBERTA--(Marketwired - March 11, 2014) - MGM Energy Corp. (TSX:MGX) ("MGM Energy" or the "Company") today announced that the Company has received a proposal (the "Proposal") from Paramount Resources Ltd. ("Paramount") to purchase all of the common shares of the Company not currently owned by Paramount. Under the Proposal, all shareholders of MGM Energy would receive one Class A Common Share of Paramount for every 300 common shares of MGM Energy. Based on the current trading price of [Read more]

Lightstream Announces 2013 Funds Flow from Operations of $671 Million

CALGARY, ALBERTA--(Marketwired - March 10, 2014) - Lightstream Resources Ltd. (TSX:LTS) (the "Company" or "Lightstream") is pleased to announce our fourth quarter and year-end 2013 financial and operating results. FINANCIAL & OPERATING HIGHLIGHTS In this press release, annual comparisons are 2013 compared to 2012 and quarterly comparisons are fourth quarter 2013 compared to fourth quarter 2012, unless otherwise noted. All references to well counts are on a net basis. Average daily [Read more]

DeeThree Exploration Organically Grows Year End Reserves by 95% and Affirms 2014 Guidance

CALGARY, ALBERTA--(Marketwired - March 10, 2014) - DEETHREE EXPLORATION LTD. ("DeeThree" or the "Company") (TSX:DTX)(OTCQX:DTHRF) is pleased to report its 2013 year end oil and gas reserves. At December 31, 2013 DeeThree has increased its proved plus probable reserves by 95% to 39.4 mmboe as compared to the prior year. DeeThree's reserve additions were predominately a result of the successful 2013 drilling program in the Company's two core properties being the Belly River property in the Brazeau [Read more]

Husky Energy’s Reserves Increase Along With Production Growth

CALGARY, ALBERTA--(Marketwired - March 10, 2014) - Highlights: Average proved three-year reserves replacement ratio of 172 percent, excluding economic factors 1.3 billion barrels of oil equivalent (boe) total proved reserves before royalties Proved reserves life index of 11.1 years, up from 10.3 in 2011 and 10.8 in 2012 Husky Energy's (TSX:HSE) reserves growth outpaced its production in 2013 as a result of the addition of reserves in its Oil Sands business, the full-scale [Read more]

Harvest Announces 2013 Year End Results and Reserves Information

CALGARY, ALBERTA--(Marketwired - March 7, 2014) - Harvest Operations Corp. (Harvest or the Company) announces its financial and operating results for the fourth quarter and full year ended December 31, 2013. This press release is an overview of the quarterly and full year results for 2013 and should be read with the audited consolidated financial statements and Management's Discussion and Analysis (MD&A) for the year ended December 31, 2013 available on the System for Electronic Document [Read more]

Paramount Resources Ltd. Receives Shares of Marquee Energy Ltd. in Consideration for Non-Core Assets Sold to Marquee

CALGARY, ALBERTA--(Marketwired - March 7, 2014) - Paramount Resources Ltd. ("Paramount") (TSX:POU) announces that it has acquired ownership and control of 13,705,883 common shares of Marquee Energy Ltd. ("Marquee") issued from treasury at a deemed price of $0.85 per share, representing approximately 14% of Marquee's outstanding common shares after such issuance. Paramount acquired such shares as consideration for certain non-core assets sold to Marquee by Paramount (the "Sale Transaction"). The [Read more]

Syncrude Appoints Chief Executive Officer

CALGARY, ALBERTA--(Marketwired - March 7, 2014) - Canadian Oil Sands ("COS") (TSX:COS)(OTCQX:COSWF) today disclosed the appointment of Mr. Mark Ward to the position of Chief Executive Officer of Syncrude Canada Ltd. ("Syncrude") effective April 1, 2014. Mr. Ward will have the lead role in working with Syncrude's joint venture owners and stakeholders to advance the strategic vision for the development of the resource. Mr. Ward was most recently the Lead Country Manager Nigeria and Manager [Read more]

Crew Energy Inc. Announces Fourth Quarter 2013 Financial and Operating Results

CALGARY, ALBERTA--(Marketwired - March 7, 2014) - Crew Energy Inc. ("Crew" or the "Company") (TSX:CR) of Calgary, Alberta is pleased to present its operating and financial results for the three month period and year ended December 31, 2013. Highlights Funds from operations in the fourth quarter increased 14% over the prior quarter to $48.1 million or $0.40 per share; Fourth quarter production averaged 28,682 boe per day which was a 6% increase over the same quarter in 2012 and 2% higher [Read more]