BOE Report

Painted Pony Announces Its 2014 Capital Expenditure Program and Provides a Production Update

CALGARY, ALBERTA--(Marketwired - Dec. 10, 2013) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX:PPY) is pleased to announce its 2014 capital budget and provide a production update. Highlights include: an approved 2014 capital expenditure budget of $149 million; 92% of the budget will be directed towards the continued development of the Company's Montney natural gas project in northeast British Columbia, with the remainder to be used for further [Read more]

Cardinal Energy Ltd. Announces Pricing of Initial Public Offering

CALGARY, ALBERTA--(Marketwired - Dec. 10, 2013) - NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. Cardinal Energy Ltd. ("Cardinal") is pleased to announce that it has entered into an underwriting agreement for its initial public offering of 21,428,571 common shares at a price of $10.50 per share. The offering will generate gross proceeds of $225 million. Closing is scheduled for [Read more]

Hemisphere Energy Closes Bought Deal Equity Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 10, 2013) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Hemisphere Energy Corporation ("Hemisphere" or the "Company") (TSX VENTURE:HME) is pleased to announce that it has closed the bought deal equity financing announced on November 21, 2013 (the "Offering"). The Company issued 4,182,550 units, comprised of one common [Read more]

Canadian Oil Sands’ Board Announces Selection of Successor President and CEO

CALGARY, ALBERTA--(Marketwired - Dec. 9, 2013) - Canadian Oil Sands Limited (COS) (TSX:COS)(OCTQX:COSWF) today announced that its Board of Directors has selected Ryan Kubik, the current Chief Financial Officer of COS, to be the President and Chief Executive Officer of the company effective January 1, 2014. Mr. Kubik will also become a director of COS. Mr. Kubik succeeds Marcel Coutu upon his retirement from these positions on January 1, 2014. Ryan Kubik, CA, CFA, has over 20 years of [Read more]

Canadian Oil Sands’ 2014 Budget: Major Capital Projects Nearing Completion

CALGARY, ALBERTA--(Marketwired - Dec. 9, 2013) - Canadian Oil Sands Limited (COS) (TSX:COS)(OTCQX:COSWF) today announced 2014 capital expenditures of $1.1 billion, with the majority of expenditures directed to the previously disclosed major projects. COS is estimating a production range for Syncrude of 95 million to 110 million barrels in 2014; equivalent to 34.9 million barrels to 40.4 million barrels net to COS' 36.74 per cent interest in the project. 2014 Capital Program [Read more]

Traverse Energy Ltd. Closes First Tranche of Private Placement Financing

CALGARY, ALBERTA--(Marketwired - Dec. 9, 2013) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) is pleased to announce that it has successfully closed a first tranche of its previously announced non-brokered private placement (the "Private Placement") of common shares of the Corporation ("Shares") issued on a "flow through" basis eligible for the renunciation of Canadian development expenses within the meaning of the Income Tax Act (Canada). The Corporation issued 2,391,250 Shares [Read more]

Suncor announces interim Chief Financial Officer

CALGARY, ALBERTA--(Marketwired - Dec. 9, 2013) - Suncor Energy today announced that Steve Reynish will assume the role of interim chief financial officer effective immediately. "I'm pleased that Steve will assume the role of interim CFO bringing his extensive business knowledge and strategic insight to the role while the search for a new CFO is underway," said Steve Williams, Suncor president and chief executive officer. "Steve has an exceptional track record of leading talented teams [Read more]

Hyperion Exploration Corp. Announces CFO Resignation

CALGARY, ALBERTA--(Marketwired - Dec. 6, 2013) - Hyperion Exploration Corp. (TSX VENTURE:HYX) ("Hyperion" or the "Company") announces that Doug Bailey has resigned as Chief Financial Officer of the Company effective December 6, 2013 to pursue other interests. "I would like to sincerely thank Doug for his contribution to Hyperion," said Trevor Spagrud, President and Chief Executive Officer. "On behalf of the Board of Hyperion, I wish Doug the very best in his future endeavours." Mr. Newman Pak, [Read more]

Alexander Energy Ltd. Announces Recapitalization Financing and New Management Team

Alexander Energy Ltd. (TSX VENTURE:ALX) ("Alexander" or the "Corporation") is pleased to announce that it has entered into a definitive reorganization and investment agreement (the "Agreement") with Richard McHardy, Albert Stark, Ed Wong, Fotis Kalantzis, Thomas Boreen and Michelle Wiggins, (the "Initial Investor Group") which provides for: (i) a non-brokered private placement of up to an aggregate of approximately $26.5 million (the "Private Placement"); (ii) the appointment of a new management [Read more]

Inter Pipeline Announces Board and Senior Management Changes

CALGARY, ALBERTA--(Marketwired - Dec. 5, 2013) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) today announced several changes regarding the composition of its board of directors and senior management team. These changes include the appointment of a new independent Chairman of the Board, the transition of Chief Executive Officer responsibilities and the appointment of a new Chair of the corporation's Governance Committee. The changes announced today are highly consistent with Inter Pipeline's [Read more]