BOE Report

Arcan Executes $7.5 Million Asset Sale and Updates Winter Drilling Program

CALGARY, ALBERTA--(Marketwired - Dec. 16, 2013) - Arcan Resources Ltd. (TSX VENTURE:ARN) ("Arcan" or the "Corporation") has completed the disposition of its non-core Virginia Hills asset for gross proceeds of $7.5 million. Proceeds from the sale will be applied directly against the debt on the balance sheet. Arcan also continues to solicit interest for other producing and development properties, which are described in detail in its September 23, 2013, news release. Arcan has started drilling [Read more]

RockBridge Appoints New Director

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 13, 2013) - RockBridge Resources Inc. ("RockBridge" or the "Company") (TSX VENTURE:RBE) is pleased to announce that Gurminder Sangha, of Vancouver, BC, has been appointed to its Board of Directors. Mr. Sangha is an independent business advisor to the resources industry and brings over twelve years of management and financing expertise in both public and private companies. Mr. Sangha has served as a board member on various TSX-Venture [Read more]

Crew Energy Announces 2014 Capital Budget Focused on Long Term Montney Growth

CALGARY, ALBERTA--(Marketwired - Dec. 16, 2013) - Crew Energy Inc. ("Crew" or the "Company") (TSX:CR) is pleased to announce that its Board of Directors has approved a $246 million capital program for 2014 focused on the development of liquids rich natural gas at Septimus, British Columbia and light oil at Tower, British Columbia. The program is designed to provide a platform for long-term profitable growth and to further delineate Crew's northeast British Columbia Montney resource with over 15 [Read more]

Forent Announces $1.0 Million Flow-Through Financing; Chairman W. Brett Wilson Commits $250,000 to Financing

CALGARY, ALBERTA--(Marketwired - Dec. 13, 2013) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Forent Energy Ltd. ("Forent" or the "Company") (TSX VENTURE:FEN) announces that it plans to issue and sell on a non‐brokered private placement basis (the "Private Placement") up to 10,000,000 common shares of the Company to be issued on a flow‐through basis (the "Flow‐Through Shares") at a price of $0.10 per common [Read more]

Altima Enters Into Amending Agreement for the Drilling of the 05-35-41-11 W5M and the 09-35-41-11 W5M Wells to Be Drilled at Chambers-Ferrier, Alberta

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 13, 2013) - Altima Resources Ltd. (TSX VENTURE:ARH)(PINKSHEETS:ARSLF)(FRANKFURT:AKC) announces that it has entered into an Amending Agreement (the "Amending Agreement") to the Participation and Joint Venture Agreement (the "JV Agreement") with Whistler Oil and Gas Pty. Ltd. ("Whistler") (see News Release dated January 24, 2013). The JV Agreement provides that Whistler was granted the right to earn a 50% working interest (the "Working [Read more]

Baytex Announces 2014 Budget Targeting 6% Production Growth

CALGARY, ALBERTA--(Marketwired - Dec. 13, 2013) - Baytex Energy Corp. (TSX:BTE)(NYSE:BTE) ("Baytex") is pleased to announce that its Board of Directors has approved a 2014 capital budget of $485 million for exploration and development activities. This capital budget is designed to generate an average production rate of 60,000 to 62,000 boe/d. Commenting on the 2014 budget, James Bowzer, President and Chief Executive Officer, said: "This budget continues our focus on oil weighted [Read more]

Alexander Energy Ltd.: Early Warning

CALGARY, ALBERTA--(Marketwired - Dec. 12, 2013) - On December 10, 2013, Alexander Energy Ltd. ("Alexander" or the "Corporation") (TSX VENTURE:ALX) announced that it had closed the first tranche of its non-brokered unit private placement (the "Initial Private Placement"). Pursuant to the Initial Private Placement, the Corporation issued 119,735,183 units (the "Units") at a price of $0.15 per Unit for gross proceeds of $17,960,277.45. Each Unit is comprised of one common share ("Common Share") and [Read more]

Atikwa Resources Inc Provides Corporate Update and New Board Appointments

CALGARY, ALBERTA--(Marketwired - Dec. 12, 2013) - Atikwa Resources Inc. ("Atikwa" or the "Company") (TSX VENTURE:ATK) wishes to update shareholders on the progress management has made over the past three months and the appointment of three new members to the Board of the Company. The Company is pleased to announce the appointment of Steve May, Jim Garnett and Mike Stark to the Board of Atikwa Resources Inc. as of Dec. 12, 2013. The three new members to the Board were the same individuals [Read more]

Renegade Petroleum Ltd. Files Circular for Special Shareholder Meeting – Urges Shareholders to Just Say NO to FrontFour

CALGARY, ALBERTA--(Marketwired - Dec. 12, 2013) - Renegade Petroleum Ltd. ("Renegade" or the "Company") (TSX VENTURE:RPL) filed its management information circular today for its special meeting to be held on Tuesday, January 28, 2014. The meeting will consider a demand by FrontFour Capital Group LLC and a related shareholder, collective holders of 5% of the common shares, to replace recently elected directors entirely with its own nominees. The circular lays out the [Read more]

Long Run Exploration Ltd. Announces an Increased Credit Facility, a Strategic Viking Light Oil Acquisition, November Production, Updated 2014 Guidance, Hedging Update, and an Executive Promotion

CALGARY, ALBERTA--(Marketwired - Dec. 12, 2013) - Long Run Exploration Ltd. (TSX:LRE) ("Long Run" or the "Company") is pleased to announce an increased borrowing base under the syndicated credit facility of $475 million. Long Run is also pleased to announce the closing of an acquisition that adds approximately 450 boe per day of strategic light oil Viking assets at Redwater for total consideration of approximately $45 million (the "Acquisition"). INCREASED CREDIT FACILITY Long Run's syndicate of [Read more]