BOE Report

Enbridge to Develop $1.4 Billion Norlite Diluent Pipeline

CALGARY, ALBERTA--(Marketwired - Oct. 30, 2013) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) today announced that it will develop a new industry diluent pipeline with associated capital of up to $1.4 billion, depending on scope, to meet the needs of multiple producers in the Athabasca oil sands region. The base 16-inch diameter scope for the project will be anchored by throughput commitments from the Fort Hills Partners (Suncor Energy Inc., Total E&P Canada Ltd. and Teck Resources Limited) for [Read more]

Enbridge to Develop $1.6 Billion Wood Buffalo Extension Pipeline for Fort Hills and Suncor

CALGARY, ALBERTA--(Marketwired - Oct. 30, 2013) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) today announced that it has been selected by the Fort Hills partners (Suncor Energy Inc., Total E&P Canada Ltd. and Teck Resources Limited) as well as Suncor Energy Oil Sands Limited Partnership (Suncor) to develop a new $1.6 billion pipeline to transport crude oil production under long term transportation commitments to Enbridge's mainline hub at Hardisty, Alberta. The Wood Buffalo Extension pipeline will [Read more]

Suncor Energy reports 2013 third quarter results

CALGARY, ALBERTA--(Marketwired - Oct. 30, 2013) - Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Effective January 1, 2013, Suncor adopted new and amended accounting standards, described in the Other [Read more]

Suncor Energy and partners proceeding with Fort Hills oil sands project

CALGARY, ALBERTA--(Marketwired - Oct. 30, 2013) - Suncor Energy today announced that, together with joint venture co-owners Total E&P Canada Ltd. and Teck Resources Limited., it has voted unanimously to proceed with the Fort Hills oil sands mining project. The Fort Hills project is located in Alberta's Athabasca region, 90 kilometres north of Fort McMurray. "The Fort Hills project is one of the best undeveloped oil sands mining assets in the Athabasca region, is an excellent fit [Read more]

Baytex Reports Record Production and Funds From Operations for Third Quarter 2013

CALGARY, ALBERTA--(Marketwired - Oct. 30, 2013) - Baytex Energy Corp. ("Baytex") (TSX:BTE)(NYSE:BTE) reports its operating and financial results for the three and nine months ended September 30, 2013 (all amounts are in Canadian dollars unless otherwise noted). Commenting on the results, James Bowzer, President and Chief Executive Officer, said: "We had an exceptional quarter. We grew production in the third quarter by 3% to over 60,000 boe/d as compared to Q2/2013 and 11% as compared [Read more]

Canadians Back Increased Market Access for Canadian Oil, Poll Says

CALGARY, ALBERTA--(Marketwired - Oct. 30, 2013) - Seventy-five per cent of Canadians agree Canada should use domestic oil before using oil from foreign sources, according to a national poll conducted by Ipsos Reid. And Canadians surveyed overwhelmingly support pipelines that will serve Canadian markets, with 80 per cent in favour of moving oil sands crude from Western to Eastern Canada. "Increasing supplies of Canadian crude to eastern Canadian markets will benefit refiners, producers and [Read more]

MGM Energy Corp.: Financial Results for the Three and Nine Months Ended September 30, 2013

CALGARY, ALBERTA--(Marketwired - Oct. 29, 2013) - MGM Energy Corp. (TSX:MGX) ("MGM Energy" or the "Company") announced today its financial results for the three month and nine month periods ended September 30, 2013. The Company reported a net loss for the three month period ended September 30, 2013 of $3.0 million ($0.01 per share) as compared to a net loss of $2.1 million ($0.01 per share) for the three month period ended September 30, 2012. MGM Energy had working capital of $11.0 [Read more]

NuVista Energy Ltd. Announces Closing of Equity Financings

CALGARY, ALBERTA--(Marketwired - Oct. 29, 2013) - NuVista Energy Ltd. (TSX:NVA) ("NuVista") is pleased to announce that it has closed its previously announced private placement and public offering of an aggregate of 5,129,000 common shares issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) for gross proceeds of approximately $39.7 million. NuVista has completed a public offering of 3,200,000 common shares issued on a "flow-through" basis in respect of Canadian [Read more]

Edge Resources Inc. Announces Production Increase and Drilling Program Update, Revised Banking Facilities and Resignation of Director

CALGARY, ALBERTA--(Marketwired - Oct. 29, 2013) - Edge Resources Inc. (TSX VENTURE:EDE)(AIM:EDG) ("Edge" or the "Company"), is pleased to provide another production update on its vertical Eye Hill East well and, as a result, the intention to commence a further drilling program. In addition, the Company has renewed its credit facilities (the "Credit Facilities") with National Bank of Canada. The Company also announces the resignation of Vishnu Reddy from the Board. Production Update: As [Read more]

Storm Resources Ltd. Announces $35 Million of Equity Financings, an Operations Update and Preliminary 2014 Guidance Including Capital Investment of $81 million

CALGARY, ALBERTA--(Marketwired - Oct. 28, 2013) - STORM RESOURCES LTD. ("Storm") (TSX VENTURE:SRX) is pleased to announce that it has entered into an agreement for a $30.15 million bought deal financing and intends on concurrently completing a non-brokered financing for up to $5.025 million. In addition, Storm is pleased to provide an operations update and preliminary 2014 guidance that includes capital investment of $81 million. Equity Financing Storm has [Read more]