BOE Report

Yoho Resources Announces Closing of Asset Disposition and Provides Update on Plan of Arrangement

CALGARY, ALBERTA--(Marketwired - Jan. 31, 2014) - Yoho Resources Inc. (TSX VENTURE:YO) ("Yoho" or the "Company") is pleased to announce that it has closed the previously announced disposition (the "Disposition") of its Montney acreage in the Nig area of Northeast British Columbia (the "Nig Assets") to Storm Resources Ltd. ("Storm") for total consideration of approximately $87.9 million (exclusive of customary closing adjustments), pursuant to the asset purchase and sale agreement dated January [Read more]

Lone Pine Resources Completes Restructuring

CALGARY, ALBERTA--(Marketwired - Jan. 31, 2014) - Lone Pine Resources Inc. ("Lone Pine" or the "Company") today announced the successful completion of its previously announced financial restructuring and its emergence from creditor protection under the Companies' Creditors Arrangement Act and Chapter 15 of the U.S. Bankruptcy Code. As a result of the restructuring, Lone Pine has reduced its long term debt from approximately Cdn$395 million as of September 25, 2013 to approximately Cdn$90 million [Read more]

Storm Resources Ltd. Announces Closing of Acquisition in the Montney Formation of the Umbach-Nig Area of North Eastern British Columbia

CALGARY, ALBERTA--(Marketwired - Jan. 31, 2014) - Storm Resources Ltd. ("Storm") (TSX VENTURE:SRX) is pleased to announce the successful closing of the previously announced acquisition of a 100% working interest in 29 sections of land in the Umbach-Nig area prospective for liquids rich natural gas from the Montney formation (the "Acquisition"). Included in the Acquisition are two horizontal wells producing from the Montney formation. The total cost of the Acquisition was approximately $87.9 [Read more]

BlackPearl Announces 2013 Year-End Reserves and Contingent Resource Estimates and Provides Production Update

CALGARY, ALBERTA--(Marketwired - Jan. 30, 2014) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(OMX:PXXS) is pleased to announce the results of its 2013 year-end oil and gas reserves evaluation, contingent resource evaluation and to provide an operations update on the Company's current activities. Highlights include: 302% increase in proved reserves to 64 million barrels of oil equivalent; the increase was primarily attributable to the initial recognition of reserves [Read more]

Altima Enters Into Participation Agreement for Rework and Re-Completion of 3-17-41-11 W5M Well at Chambers-Ferrier, Alberta

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 30, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH) (FRANKFURT:AKC) (PINKSHEETS:ARSLF) announces that it has entered into a Participation Agreement with Acumen Energy Partners Inc. ("Acumen"), pursuant to which Acumen has been granted the right to earn a 20% working interest (the "Working Interest") in the 3-17-41-11 W5M well (the "Well") and section 17-41-11 W5M (the "Lands") located in the Chambers-Ferrier area of the Western Canada Sedimentary [Read more]

Crocotta Energy Provides 2014 Guidance

CALGARY, ALBERTA--(Marketwired - Jan. 30, 2014) - Crocotta Energy Inc. ("Crocotta" or the "Company") (TSX:CTA) is pleased to announce 2014 Guidance. CAPITAL PROGRAM AND GUIDANCE Crocotta has approved a budget that entails spending approximately $110 million in 2014 with the focus on Cardium oil at Edson, Bluesky liquids-rich gas at Edson, and Montney liquids-rich gas at Dawson. The budget will be spent approximately 45% in the first half of the year and 55% in the second half and be [Read more]

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

CALGARY, ALBERTA--(Marketwired - Jan. 29, 2014) - Hyperion Exploration Corp. ("Hyperion" or the "Corporation") (TSX VENTURE:HYX) announces that it has entered into a definitive purchase and sale agreement to divest 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"). The Disposition is expected to close on January 31, 2014. Proceeds from the sale of the Chip Lake assets will be used to reduce [Read more]

Enbridge Income Fund Approves Pipeline Connection to Tundra Rail Terminal at Cromer, Manitoba

CALGARY, ALBERTA--(Marketwired - Jan. 29, 2014) - Enbridge Income Fund (the "Fund") (TSX:ENF) has approved the construction of a pipeline interconnection between the Enbridge Pipelines (Saskatchewan) Inc. system and a crude oil rail terminal near Cromer, Manitoba owned by Tundra Energy Marketing Limited (Tundra). The connection is expected to be in service in the fourth quarter of 2014. It will be capable of delivering segregated batches of either light sweet, light sour or Midale crude oil from [Read more]

Inter Pipeline Announces $1.3 Billion Capital Expenditure Program for 2014

CALGARY, ALBERTA--(Marketwired - Jan. 29, 2014) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) announced today a $1.3 billion capital expenditure program for 2014, primarily directed towards the expansion of its oil pipeline systems. Rising customer demand for transportation capacity in the oil producing regions serviced by Inter Pipeline has driven $3.4 billion in capital investment since 2012. Organic growth projects are expected to account for about 97 percent of 2014's total [Read more]

Enbridge to Invest $0.2 Billion to Expand Sunday Creek Terminal

CALGARY, ALBERTA--(Marketwired - Jan. 29, 2014) - Enbridge (TSX:ENB) (NYSE:ENB) today announced that it will construct additional facilities at its Sunday Creek Terminal, located in the Christina Lake area of northern Alberta, to support production growth from the Christina Lake oil sands project operated by Cenovus Energy and jointly owned with ConocoPhillips. The estimated cost for the expansion is approximately $0.2 billion with a targeted in-service date of Q3 2015. The expansion includes [Read more]