BOE Report

Tourmaline Grows Year-End Reserves and Reserve Value by Over 40%; Increases 2014 Guidance

CALGARY, ALBERTA--(Marketwired - Feb. 19, 2014) - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to provide the following operations and financial update and highlights from its year-end 2013 independent reserve evaluation. Reserve Highlights Total year-end 2013 Proved plus Probable (2P) reserves of 590.1 mmboe after only five full years of operation. Total 2P reserve additions of 179.4 mmboe in 2013, representing 41% growth over 2012 total 2P reserves before [Read more]

Tamarack Valley Energy Ltd. Closes $60.2 Million Bought Deal Financing

CALGARY, ALBERTA--(Marketwired - Feb. 19, 2014) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX VENTURE:TVE) is pleased to announce that it has closed its previously announced bought deal financing of 14,000,000 common shares at a price of $4.30 per common share for aggregate gross proceeds of $60,200,000. The syndicate of underwriters for the offering was led by Dundee Securities Ltd. and included Clarus Securities Inc., GMP Securities L.P., National Bank Financial Inc., [Read more]

Canadian Natural Resources Limited Announces The Acquisition of Certain Canadian Assets of Devon Canada

CALGARY, ALBERTA--(Marketwired - Feb. 19, 2014) - Canadian Natural Resources Limited (TSX:CNQ)(NYSE:CNQ) ("Canadian Natural" or the "Company") announces entering into an agreement relating to the acquisition of Devon Canada's Canadian conventional assets, excluding Horn River and the heavy oil properties, for an aggregate cash consideration of $3.125 billion, effective January 1, 2014, with a targeted closing date of April 1, 2014. The acquired lands and production base are all located in [Read more]

Alexander Energy Ltd. Announces Shareholder Approval of Share Consolidation and Name Change

CALGARY, ALBERTA--(Marketwired - Feb. 18, 2014) - Alexander Energy Ltd. (TSX VENTURE:ALX) ("Alexander" or the "Corporation") is pleased to announce that it will proceed with the previously approved share consolidation and name change. On the effective date, which is expected to be on or about February 28, 2014, the currently outstanding common shares of Alexander (the "Common Shares") will be consolidated on the basis of one new Common Share for four existing Common Shares (the "Consolidation"), [Read more]

Blackbird Energy and Pennant Energy Announce Arrangement Agreement and Proposed Business Combination

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 18, 2014) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird") and Pennant Energy Inc. (TSX VENTURE:PEN) ("Pennant") are pleased to announce that they have entered into an arrangement agreement dated February 17, 2014 (the "Arrangement Agreement"), whereby Blackbird will acquire all of the outstanding shares of Pennant from the shareholders of Pennant (the "Pennant Shareholders") in exchange for shares of Blackbird on the basis of one Pennant [Read more]

Traverse Energy Ltd. Announces Bought Deal Financing

CALGARY, ALBERTA--(Marketwired - Feb. 18, 2014) - Traverse Energy Ltd. ("Traverse") (TSX VENTURE:TVL) is pleased to announce that it has entered into an agreement with Acumen Capital Finance Partners Limited, pursuant to which Traverse has agreed to issue an aggregate of 12,500,000 common shares ("Common Shares") at a price of $0.80 per Common Share for total gross proceeds of approximately $10,000,000 (the "Offering"). In addition, Traverse has granted an over-allotment option to purchase [Read more]

Crew Energy Inc. – Announces 2013 Year End Reserves

CALGARY, ALBERTA--(Marketwired - Feb. 18, 2014) - Crew Energy Inc. (TSX:CR) of Calgary, Alberta ("Crew" or the "Company") is pleased to announce the results of its independent reserve evaluation for the year ended December 31, 2013 as prepared by Sproule Associates Ltd. ("Sproule"). 2013 HIGHLIGHTS Achieved finding and development ("F&D") costs of $9.05 per boe on proved plus probable reserves, including changes in future development capital, resulting in a recycle ratio of 2.4 [Read more]

Terra Energy Announces 2014 Capital Expenditure Plan and Provides 2014 Targets and Guidance

CALGARY, ALBERTA--(Marketwired - Feb. 14, 2014) - Terra Energy Corp. ("Terra" or the "Company") (TSX:TT) is pleased to announce its Capital Expenditure Plan and Budget for 2014 ("2014 Capex Plan"). Initial total capital spending on exploration and development projects for the year is approved at approximately $14.3 million. Following the various asset marketing and divestment processes which have been undertaken by the Company over the past year, the Company continues to have a sizeable [Read more]

Renegade Petroleum Ltd. Announces Closing of Strategic $109 Million Asset Disposition and Confirms February 2014 Dividend

CALGARY, ALBERTA--(Marketwired - Feb. 14, 2014) - Renegade Petroleum Ltd. ("Renegade" or the "Company") (TSX VENTURE:RPL) is pleased to announce the successful closing of the previously announced disposition of certain oil and gas assets in southeast Saskatchewan (the "Disposition Assets") for gross proceeds of $109 million (the "Disposition"). ASSET DISPOSITION The Disposition Assets represent approximately 1,450 boe/d (95% oil and natural gas liquids) of oil and natural gas liquids [Read more]

Storm Resources Ltd. Announces Closing of $29.7 Million Bought Deal Financing and $5.1 Million Non-Brokered Financing

CALGARY, ALBERTA--(Marketwired - Feb. 14, 2014) - Storm Resources Ltd. ("Storm") (TSX VENTURE:SRX) is pleased to announce that it has completed its previously announced bought deal financing for aggregate gross proceeds of $29,725,000 (the "Bought Deal Financing"). Pursuant to the Bought Deal Financing, Storm, through a syndicate of underwriters led by FirstEnergy Capital Corp. and including Peters & Co. Limited, National Bank Financial Inc., Clarus Securities Inc., RBC Capital Markets, [Read more]