BOE Report

Magnum Energy Inc. Announces Disposition of Provost, Alberta Property

CALGARY, ALBERTA--(Marketwired - Dec. 30, 2013) - MAGNUM ENERGY INC. ("Magnum" or the "Corporation") (TSX VENTURE:MEN) Magnum announces that the Corporation has signed a purchase and sale agreement (subject to certain closing conditions) with Artisan Energy Corporation ("Artisan"), to sell Magnum's 50% working interest in the Provost area of Alberta (the "Provost Asset"). The purchase price for the Provost Asset is $5,600,000, which will be comprised of the following: [Read more]

Contact Exploration Announces Private Placement of Flow-Through Common Shares

CALGARY, ALBERTA--(Marketwired - Dec. 26, 2013) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) announces that it is carrying out a non-brokered private placement (the "Private Placement") of common shares in the capital of the Company, to be issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) ("Flow-Through Shares"). Contact expects to issue up to 5,555,556 Flow-Through Shares in the Private Placement, at a price of $0.36 per share, for maximum [Read more]

Alexander Energy Ltd. Announces Closing of Final Tranche of the Recapitalization Private Placement

CALGARY, ALBERTA--(Marketwired - Dec. 24, 2013) - Alexander Energy Ltd. (TSX VENTURE:ALX) ("Alexander" or the "Corporation") is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered private placement (the "Private Placement") in connection with the recapitalization of the Corporation. Under this final tranche of the Private Placement, Alexander issued an aggregate of 15,151,668 units ("Units") at a price of $0.15 [Read more]

Canadian Spirit Resources Inc. Announces Closing of Private Placements and Convertible Debenture Issuance

CALGARY, ALBERTA--(Marketwired - Dec. 23, 2013) - Canadian Spirit Resources Inc. (TSX VENTURE:SPI)(OTCBB:CSPUF) ("CSRI" or the "Corporation") announces that, effective December 20, 2013, it has closed the Units and Flow-Through Shares non-brokered private placements previously announced December 2, 2013. The Corporation is also pleased to announce that on December 20, 2013 it has issued a $3.0 million secured subordinated convertible debenture (the "Debenture") to a private company. In the first [Read more]

Questerre Closes $9 Million Bought Deal Flow-Through Equity Offering

CALGARY, ALBERTA--(Marketwired - Dec. 23, 2013) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) is pleased to report that it has closed its previously announced offering (the "Offering") of 5,865,000 common shares of the Company issued on a "flow-through" basis within the meaning of the Income Tax Act (Canada) at a price of $1.55 per Flow-Through Share, resulting in gross proceeds of $9,090,750, which includes the exercise in full of [Read more]

Delphi Announces Funding Arrangement and Provides Operations Update

CALGARY, ALBERTA--(Marketwired - Dec. 23, 2013) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") is pleased to provide the following corporate update. Funding Delphi has entered into a Gross Overriding Royalty ("GOR") agreement to partially fund the drilling of ten Montney wells in East Bigstone over the next 12 to 18 months. The parties purchasing the GOR ("Royalty Owners") will contribute $25.0 million over this time frame towards seven wells scheduled to be drilled [Read more]

Cardinal Energy Ltd. Announces Closing of $22.5 Million Over-Allotment Option

CALGARY, ALBERTA--(Marketwired - Dec. 23, 2013) - Cardinal Energy Ltd. (TSX:CJ) ("Cardinal") is pleased to announce that it has issued an additional 2,142,857 common shares at $10.50 per share for gross proceeds of $22.5 million pursuant to the exercise in full of the underwriters' over-allotment option in connection with its recently completed public offering. In total, Cardinal has raised $247.5 million pursuant to the public offering. The public offering was underwritten by a syndicate of [Read more]

Terra Energy Announces New $25MM Lending Facility with Senior Lender

CALGARY, ALBERTA--(Marketwired - Dec. 23, 2013) - Terra Energy Corp. ("Terra" or the "Company") (TSX:TT) is pleased to announce that it has entered into a new $25 million secured lending facility (the "Facility" or "Agreement") with a Senior Canadian Chartered Bank. The Facility is comprised of a $22.5 million revolving operating demand line and a $2.5 million non-revolving acquisition/development demand line with an annual renewal date of May1st. The proceeds of the Facility will [Read more]

Questerre Secures Final Contracts for Guaranteed Market Access

CALGARY, ALBERTA--(Marketwired - Dec. 23, 2013) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) is pleased to announce that is has concluded the final agreements for market access for its natural gas and liquids production in the Kakwa-Resthaven area of west central Alberta. Michael Binnion, President and Chief Executive Officer, commented, "These contracts are the cornerstone of our wellhead to burner tip strategy. They include firm [Read more]

Atikwa Resources Inc. Provides Court Proceedings and Operational Update

CALGARY, ALBERTA--(Marketwired - Dec. 22, 2013) - Atikwa Resources Inc. (the "Company") (TSX VENTURE:ATK) announces that the courts have adjourned the Receivership and Adjournment Applications decision to the week of January 6th, 2014 at a time to be determined. The Company has received a term sheet to replace the current debt with Century Services and is also actively seeking others. The Company has renewed the partnership with their farmout partner Antler River Resources (Antler) and [Read more]