BOE Report

Donnycreek Provides Operations Update and 2014 Guidance

CALGARY, ALBERTA--(Marketwired - Feb. 10, 2014) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) provides operations update and production guidance for the 2014 calendar year. Wapiti Donnycreek's Hz 1-26-64-8 W6M well (the "1-26 Well") has reached total measured depth of approximately 5,330 metres including a lateral length of approximately 1,600 metres in the middle Montney. Completion and testing operations are scheduled to begin in mid February 2014. Kakwa Five [Read more]

Southern Pacific Announces Financial and Operational Results for the Quarter Ended December 31, 2013

CALGARY, ALBERTA--(Marketwired - Feb. 10, 2014) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today announced its financial and operational results for the quarter ended December 31, 2013 ("Q2 2014"). HIGHLIGHTS: Total Company production, which includes bitumen production from STP-McKay Phase 1 and heavy oil from STP-Senlac, averaged 4,148 barrels per day ("bbl/d") for the three months ended December 31, 2013; At STP-McKay, bitumen production averaged [Read more]

Cardinal Energy Ltd. Announces Closing of Private Placement

CALGARY, ALBERTA--(Marketwired - Feb. 10, 2014) - Cardinal Energy Ltd. ("Cardinal") (TSX:CJ) is pleased to announce that it has closed the previously announced private placement (the "Offering") of 2,187,500 common shares ("Common Shares") at a price of $12.80 per Common Share. The gross proceeds from the Offering totalled $28 million. The Offering was underwritten by a syndicate of underwriters co-led by RBC Capital Markets and CIBC and included GMP Securities L.P., Macquarie Capital Markets [Read more]

Hyperion Exploration Corp. Announces Revisions to Bank Line

CALGARY, ALBERTA--(Marketwired - Feb. 7, 2014) - Hyperion Exploration Corp. (TSX VENTURE:HYX) ("Hyperion" or the "Corporation") announces that the Corporation's banking facilities have been revised following the disposition of the Chip Lake assets completed on January 31, 2014, to an aggregate borrowing limit of $40.0 million ($30.0 million operating facility and a $10.0 million acquisition facility). The proceeds from the sale of the Chip Lake assets reduced Hyperion's bank debt to [Read more]

NuVista Energy Ltd. Announces 48% Increase to Year End 2013 Reserves and Provides Operational Update

CALGARY, ALBERTA--(Marketwired - Feb. 6, 2014) - NuVista Energy Ltd. (TSX:NVA) ("NuVista" or the "Company") is pleased to announce a significant increase in our reserves as a result of the 2013 year end independent reserves evaluation by GLJ Petroleum Consultants Ltd ("GLJ") (the "GLJ Report"). We are also very pleased to provide an operational update with several new 30-day production results on wells recently drilled into our Wapiti Montney condensate-rich play. This play continues to meet and [Read more]

Baytex Announces Strategic $2.6 Billion Acquisition of Aurora Oil & Gas, $1.3 Billion Bought Deal Financing and 9% Dividend Increase Upon Completion of Acquisition

CALGARY, ALBERTA--(Marketwired - Feb. 6, 2014) - Baytex Energy Corp. ("Baytex", the "Company" or "we") (TSX:BTE)(NYSE:BTE) and Aurora Oil & Gas Limited ("Aurora") (TSX:AEF)(ASX:AUT) today announced they have entered into an agreement whereby Baytex will acquire, through a scheme of arrangement under Australian law (the "Arrangement"), 100% of the shares of Aurora, on a fully diluted basis, for AU$4.10 (Australian dollars) cash per share (the "Acquisition"). The total consideration to be paid [Read more]

Lilis Energy to Acquire Shoreline Energy

DENVER, COLORADO--(Marketwired - Feb. 6, 2014) - Lilis Energy, Inc. (NASDAQ:LLEX) announced today that it has entered into a letter of intent (LOI) to acquire all of the issued and outstanding common shares of Calgary-based Shoreline Energy Corp. (TSX:SEQ). The Boards of Directors of Lilis Energy and Shoreline Energy, subject to completion of due diligence, as well as negotiation and execution of a definitive agreement in respect of the transaction, have unanimously approved entering into the [Read more]

Loma Oil & Gas Completes Sale of Assets in the Wainwright Area of Alberta

CALGARY, ALBERTA--(Marketwired - Feb. 5, 2014) - Loma Oil & Gas Ltd. ("Loma" or the "Company") (TSX VENTURE:LOG.H) is pleased to announce that it has completed the sale of its right, title and interest in Wainwright Unit No. 18 (the "Wainwright Unit") and certain other lands, leases and wells in the Wainwright area of Alberta (the "Non-Unit Assets") to an arm's length Alberta private company (the "Purchaser"). The disposition was completed in accordance with the terms of a definitive [Read more]

Peyto Exploration & Development Corp. Announces Closing of $160 Million Equity Offering

CALGARY, ALBERTA--(Marketwired - Feb. 5, 2014) - Peyto Exploration & Development Corp. (the "Corporation") (TSX:PEY) is pleased to announce that it has closed its previously announced bought deal offering of common shares. Pursuant to the offering, the Corporation issued 4,720,000 common shares (including 300,000 common shares issued pursuant to the partial exercise of the over-allotment option granted to the underwriters) at a price of $34.00 per common share, for total gross proceeds of [Read more]

Manitok Energy Inc. Announces Grant of Incentive Stock Options

CALGARY, ALBERTA--(Marketwired - Feb. 4, 2014) - Manitok Energy Inc. (the "Corporation") (TSX VENTURE:MEI) announces that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan to certain of its directors, officers, employees and consultants to acquire up to an aggregate of 1,134,000 common shares ("Common Shares") of the Corporation. All of such Options are exercisable for a period of five years at a price of $2.40 per Common Share and [Read more]