BOE Report

Alexander Energy Ltd. Announces Southeast Saskatchewan Property Acquisition and $52.5 Million Equity Financing

CALGARY, ALBERTA--(Marketwired - Dec. 18, 2013) - Alexander Energy Ltd. ("Alexander" or the "Company") (TSX VENTURE:ALX) is pleased to announce that it has entered into a definitive purchase and sale agreement to acquire (the "Acquisition") a high quality, low decline, crude oil producing asset located in southeast Saskatchewan (the "Assets") from an arm's length oil and gas producer. The Assets include over 370 boe/d of primarily light oil production (with a historical annual [Read more]

DeeThree Exploration Provides 2014 Guidance and Announces 1,525 boe/d Offset Brazeau Belly River Well

CALGARY, ALBERTA--(Marketwired - Dec. 18, 2013) - DeeThree Exploration Ltd. ("DeeThree" or the Company") (TSX:DTX) announces its 2014 guidance and provides an operational update in respect of a well recently completed on its Brazeau Belly River property. 2014 Guidance The Company will undertake a $230 million capital expenditure program in 2014. This program is focused on the further exploration and development of the Company's Alberta Bakken property in the Lethbridge area of [Read more]

Manitok Energy Inc. Announces Successful Stolberg Drilling Results and Operations Update

CALGARY, ALBERTA--(Marketwired - Dec. 18, 2013) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to provide an update on its 2013 drilling program. Operations Update The 20th Stolberg Cardium horizontal oil well at 102/10-11-42-15W5M, was placed on production November 30, 2013. During the first two weeks of December the well flowed at an average unstimulated production rate of 695 bbls/d (521 net) of [Read more]

Tamarack Valley Energy Ltd. Provides a Production and Drilling Update

CALGARY, ALBERTA--(Marketwired - Dec. 18, 2013) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") is pleased to announce the following production and drilling update. Production Update Tamarack is pleased to announce that based on field production estimates for November 2013, the Company averaged 4,473 boe/d (approximately 59% liquids) exceeding its guidance exit production rate of 4,200 to 4,300 boe/d. The Company remains on target to achieve its [Read more]

Lone Pine Resources Announces Filing of Restructuring Plan and Calling of Creditors’ Meetings

CALGARY, ALBERTA--(Marketwired - Dec. 17, 2013) - Lone Pine Resources Inc. ("Lone Pine" or the "Company") today announced that the Company and its subsidiaries have filed with the Court of Queen's Bench of Alberta (the "Court") a plan of compromise and arrangement (the "Plan") under the Companies' Creditors Arrangement Act ("CCAA") relating to their previously-announced restructuring plan. The Plan provides for, among other things, the conversion of outstanding 10.375% senior notes due 2017 and [Read more]

Encana Announces the Production Acceptance Notice at Deep Panuke Offshore Project

CALGARY, ALBERTA and HALIFAX, NOVA SCOTIA--(Marketwired - Dec. 17, 2013) - Encana Corporation (TSX:ECA) (NYSE:ECA) today announced the Production Acceptance Notice (PAN) at the Company's Deep Panuke offshore Nova Scotia project, issued after successful completion of a performance test of the platform. The Deep Panuke project is designed to produce up to 300 million cubic feet per day (MMcf/d) of natural gas from four wells. "This is a major milestone for the Deep Panuke [Read more]

Atikwa Resources Inc. Provides Corporate Update

CALGARY, ALBERTA--(Marketwired - Dec. 17, 2013) - Atikwa Resources Inc. (the "Company") (TSX VENTURE:ATK) The Board of Directors of Atikwa Resources Inc. has accepted the resignation of Lindsey Mitchell. The Board of Directors now stands at five members who are, Andrew Watts, Mackenzie Loree, Steve May, Jim Garnett and Mike Stark. Litigation with our Farm-out partner, Antler Resources, is in the process of being mutually terminated. In the best interest of both parties and our [Read more]

Cardinal Energy Ltd. Announces Closing Initial Public Offering

CALGARY, ALBERTA--(Marketwired - Dec. 17, 2013) - Cardinal Energy Ltd. (TSX:CJ) ("Cardinal") is pleased to announce that it has closed its initial public offering (the "Offering") of 21,428,571 common shares ("Common Shares") at a price of $10.50 per Common Share. The gross proceeds from the Offering totalled approximately $225 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 [Read more]

Harvest Operations Corp. Announces 2014 Capital Budget

CALGARY, ALBERTA--(Marketwired - Dec. 16, 2013) - Harvest Operations Corp. ("Harvest" or the "Company") announces that the Board of Directors has approved a 2014 capital expenditure budget of $620 million, to be funded with cash from operations and available credit facilities. 2014 CAPITAL BUDGET HIGHLIGHTS Harvest has established a capital expenditure budget of $620 million for 2014 comprised of $350 million for Upstream oil & gas operations, $131 million the BlackGold oil [Read more]

Oil Producers Support Expanded Market Access for Canadian Oil

CALGARY, ALBERTA--(Marketwired - Dec. 16, 2013) - The Canadian Association of Petroleum Producers today welcomed the next step towards securing National Energy Board approval for Kinder Morgan's Trans Mountain pipeline expansion. If approved, the project would see an additional 590,000 barrels of Western Canadian crude oil transported to refineries in Canada, the U.S. and other Pacific Rim countries. "Bolstered market access for Canada's energy is critical to create jobs and [Read more]