BOE Report

Tamarack Valley Energy Ltd. Announces Increase to Bought Deal Equity Financing to $60.2 Million

CALGARY, ALBERTA--(Marketwired - Jan. 29, 2014) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX VENTURE:TVE) is pleased to announce that it has agreed with a syndicate of underwriters led by Dundee Securities Ltd., and including Clarus Securities Inc., GMP Securities L.P., National Bank Financial Inc., Paradigm Capital Inc., Peters & Co. Limited, AltaCorp Capital Inc. and RBC Capital Markets to increase the size of its previously announced bought deal financing of 7,000,000 [Read more]

Manitok Energy Provides 2014 Capital Program and Guidance

CALGARY, ALBERTA--(Marketwired - Jan. 29, 2014) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to provide the following information regarding its anticipated 2014 capital expenditure program and guidance. All dollar figures are in Canadian dollars unless otherwise noted. Highlights Capital expenditures of approximately $104.5 million. Average annual production of 6,000 to 6,200 boe/d (62% - 65% oil and liquids), which is approximately a 50% increase [Read more]

Trilogy Energy Corp. Announces Receipt of CRA Proposal to Reassess and Intention to Defend

CALGARY, ALBERTA--(Marketwired - Jan. 28, 2014) - Trilogy Energy Corp. ("Trilogy") (TSX:TET) announced today that it has received a letter from the Canada Revenue Agency ("CRA") advising Trilogy that, subject to submissions by Trilogy, it is proposing to reassess Trilogy's income tax filings related to its conversion from an income trust to a corporation (the "Conversion") in early 2010. The proposed reassessments seek to disallow certain tax pools in the amount of $728 million. If these tax [Read more]

Artek Exploration Ltd. Provides Operational Update

CALGARY, ALBERTA--(Marketwired - Jan. 28, 2014) - Artek Exploration Ltd. (TSX:RTK) of Calgary, Alberta ("Artek" or the "Company") is pleased to provide the following operations update: Late in fourth quarter, 2013 Artek drilled a successful Montney horizontal well from the 10-17-87-23W6M pad in the Inga South area. The well was completed with a total of 31 fracture intervals using a slickwater hybrid frac treatment. After a 140 hour clean up and production test period, the well was flowing at [Read more]

Elkwater Announces New Credit Facility and Proposed Non-Brokered Private Placement Financing

CALGARY, ALBERTA--(Marketwired - Jan. 28, 2014) - ELKWATER RESOURCES LTD. (the "Corporation") (TSX VENTURE:ELW) announces that it intends to enter into a new $4.1 million credit facility (the "Facility") with a Canadian chartered bank. Under the terms of the Facility, the Corporation will also raise an additional $1.5 million of financing through a combination of equity and/or subordinated debt. The Corporation intends to undertake a non-brokered private placement equity financing in each of [Read more]

Tamarack Valley Energy Ltd. Announces Equity Financing

CALGARY, ALBERTA--(Marketwired - Jan. 28, 2014) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX VENTURE:TVE) is pleased to announce that it has entered into a financing agreement with a syndicate of underwriters led by Dundee Securities Ltd. (the "Underwriters") to issue and sell on a "bought deal" basis, 7,000,000 common shares of Tamarack (the "Common Shares") at an issue price of $4.30 per Common Share resulting in gross proceeds of $30,100,000. Proceeds of the offering will [Read more]

Tamarack Valley Energy Ltd. Exceeds 2013 Production Guidance, Provides Cardium Update and 2014 Capital Program

CALGARY, ALBERTA--(Marketwired - Jan. 28, 2014) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") is pleased to announce that it has surpassed its 2013 average production and 2013 exit production guidance as a result of our continued success in the Cardium and Viking. Based on field production estimates for December 2013, the Company averaged 4,718 boe/d (approximately 62% liquids), exceeding its exit production guidance rate of 4,200 to 4,300 boe/d. Based on these [Read more]

Hemisphere Energy Completes Initial 2014 Drilling Program

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 28, 2014) - Hemisphere Energy Corporation (TSX VENTURE:HME) announces that it has successfully drilled its first three development wells of the 2014 drilling program in the Atlee Buffalo and Jenner areas of southeast Alberta. Hemisphere's first well of the drilling program targeted the oil-bearing sandstones of the Glauconitic formation in the newly acquired Atlee Buffalo property. In Jenner, Hemisphere drilled two development horizontal wells [Read more]

Long Run Exploration Ltd. Announces Closing of $75 Million Bought Deal Convertible Debenture Offering

CALGARY, ALBERTA--(Marketwired - Jan. 28, 2014) - Long Run Exploration Ltd. (TSX:LRE) ("Long Run" or the "Company") is pleased to announce that it has closed its previously announced offering (the "Offering") of $75,000,000 aggregate principal amount of convertible unsecured subordinated debentures (the "Debentures") at a price of $1,000 per Debenture. A syndicate co-led by National Bank Financial Inc. and Scotia Capital Inc. and including TD Securities Inc., CIBC World Markets Inc., Peters [Read more]

Nextraction Announces Spud of Horizontal Well on Its Viking Light Oil Property in Provost, Alberta

CALGARY, ALBERTA--(Marketwired - Jan. 27, 2014) - Nextraction Energy Corp. (TSX VENTURE:NE) (the "Company" or "Nextraction") is pleased to announce that the Company has spud the 102/12-36-036-07W4 ("12-36") horizontal well on its light oil property in Provost, Alberta. The well is targeting the Viking formation at a depth of 800 meters and will have a horizontal leg of approximately 650 meters. The well is being drilled on the same geological trend as the Company's successful 102/16-34-036-07W4 [Read more]