BOE Report

Renegade Petroleum Ltd. Announces Closing of $32.5 Million Non-Core Asset Disposition

CALGARY, ALBERTA--(Marketwired - Feb. 3, 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 non-core oil and gas assets in southeast Saskatchewan (the "Disposition Assets") for gross proceeds of $32.5 million (the "Disposition"). The Disposition Assets represent approximately 350 barrels of oil and natural gas liquids production per day. The Company allocated minimal [Read more]

Shoreline Settles Wattenburg Title Dispute

CALGARY, ALBERTA--(Marketwired - Feb. 3, 2014) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Company") is pleased to announce that it has reached a conditional settlement in its Wattenburg working interest land title dispute (the "Settlement"). Pursuant to the Settlement, Shoreline has agreed to reduce its interests in certain lands producing from horizontal wells and in exchange will receive additional land ownership in certain lands currently producing from vertical wells, with [Read more]

Husky Moves Forward with Heavy Crude Oil Flexibility Project at Lima Refinery

CALGARY, ALBERTA--(Marketwired - Feb. 3, 2014) - Husky Energy (TSX:HSE) has sanctioned a new crude oil flexibility project at its refinery in Lima, Ohio, which will allow for the processing of up to 40,000 barrels per day (bbls/day) of heavy crude feedstock from Western Canada starting in 2017. The estimated cost of the upgrade to the Husky Lima Refinery is approximately $300 million and will provide an efficient and cost-effective way to process a greater variety of crudes. The project [Read more]

Questerre Spuds 100% Well in Kakwa

CALGARY, ALBERTA--(Marketwired - Feb. 3, 2014) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) is pleased to report that it has recently spud a 100% working interest well in the Kakwa-Resthaven area of west-central Alberta. Michael Binnion, President and Chief Executive Officer of Questerre commented, "This well will test the liquids rates from our south Kakwa acreage. After our 09-01 Well which confirmed high pressure gas rates, we are looking forward to the [Read more]

Elkwater Announces Closing of Financings and Acquisition

CALGARY, ALBERTA--(Marketwired - Jan. 31, 2014) - Elkwater Resources Ltd. (the "Corporation" or "Elkwater") (TSX VENTURE:ELW) announces that the Corporation has entered into a new $4.1 million revolving senior credit facility (the "Facility") with a Canadian chartered bank, closed its previously announced non-brokered private placement (the "Private Placement") by issuing 5,000,000 common shares (the "Shares") at a price of $0.05 per Share for gross proceeds of $250,000, and closed its [Read more]

What the Keystone XL Pipeline EIS Means for Alberta’s Producers

CALGARY, ALBERTA--(Marketwired - Jan. 31, 2014) - Strata Oil (OTCQB:SOIGF)(OTCBB:SOIGF), a leader in the exploration and development of bitumen from carbonates, responded to the U.S. State Department's environmental impact statement (EIS) regarding the proposed Keystone XL Pipeline which was just released earlier today. The State Department's EIS concludes that the proposed Keystone XL Pipeline would have minimal impact on the environment over the long term with no appreciable increase in carbon [Read more]

CAPP: U.S. State Department’s Environmental Statement Provides Basis for Keystone Approval on Environmental, Economic, Energy Security Merits

CALGARY, ALBERTA--(Marketwired - Jan. 31, 2014) - The U.S. State Department's final environmental impact statement for the Canada-U.S. Keystone XL oil pipeline project provides the basis for approval of the pipeline on its strong environmental, economic and energy security merits, the Canadian Association of Petroleum Producers said today. "With this extensive environmental review now complete, we encourage the U.S. government to move expeditiously to a favourable decision on Keystone XL," [Read more]

Hyperion Exploration Corp. Completes Sale of Non-Core, Chip Lake Assets

CALGARY, ALBERTA--(Marketwired - Jan. 31, 2014) - Hyperion Exploration Corp. ("Hyperion" or the "Corporation") (TSX VENTURE:HYX) announces that it has completed the previously announced disposition of 100 boe/d of non-core, gas weighted production in the Chip Lake Area of Central Alberta for cash consideration of $3.4 million (the "Disposition"). Proceeds from the Disposition will be used to reduce Hyperion's bank debt. [Read more]

Yoho Announces Acquisition of Common Shares of Storm Resources

CALGARY, ALBERTA--(Marketwired - Jan. 31, 2014) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) announces that, in connection with the transaction described below, Yoho's direct and indirect wholly-owned subsidiary, Yoho Resources Partnership (the "Partnership"), acquired ownership and control of 13,629,442 common shares (the "Storm Shares") in the capital of Storm Resources Ltd. (TSX VENTURE:SRX) ("Storm") with a deemed value of $4.25 per share, being the closing price of the [Read more]

Southern Pacific Announces Amendment to Current Credit Facility

CALGARY, ALBERTA--(Marketwired - Jan. 31, 2014) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today announced that in addition to the Company's previously announced strategic review process, which included revised forecasted production guidance at STP-McKay, the Company has completed an amendment to its existing credit facility in which the availability on the credit facility will be $85 million, with the $100 million borrowing base remaining in place. This [Read more]