BOE Report

Enbridge Announces C$300 Million Preferred Share Offering

CALGARY, ALBERTA--(Marketwired - May 28, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Enbridge Inc. (TSX:ENB)(NYSE:ENB) today announced that it has entered into an agreement with a group of underwriters to sell 12 million cumulative redeemable preference shares, series 3 (the "Series 3 Preferred Shares") at a price of C$25.00 per share for distribution to the public. The aggregate gross proceeds will be C$300 million. Closing of the offering is [Read more]

Renegade Petroleum Ltd. Announces Increase to Credit Facility

CALGARY, ALBERTA--(Marketwired - May 28, 2013) - Renegade Petroleum Ltd. ("Renegade" or the "Company") (TSX VENTURE:RPL), a light oil focused development and production company with assets located in Saskatchewan, Alberta, Manitoba and North Dakota, is pleased to announce that based on the annual borrowing base review, its lenders have agreed to increase the credit facility to $335 million from the previous $325 million. The syndicate of banks is led by National Bank Financial and TD [Read more]

Donnycreek to Redeem Outstanding 10 Percent Convertible Debentures

CALGARY, ALBERTA--(Marketwired - May 27, 2013) - THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports that it has elected to redeem all of its outstanding ten percent (10%) redeemable, convertible, unsecured debentures due June 15, 2014 ("Convertible Debentures") with such redemption to be effected on June 30, [Read more]

Manitok Energy Inc. Announces Initial Flow Rate of 848 boe/d on its Latest Stolberg Cardium Oil Well

CALGARY, ALBERTA--(Marketwired - May 27, 2013) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to provide an update on its 2013 drilling program. The 14th Cardium oil well in Manitok's Stolberg drilling program was recently completed and production tested. The well is the second horizontal well from a planned 4 well pad where Manitok has a 33.3% working interest on each well. After drilling about 550 meters horizontally within the Cardium formation, [Read more]

CAODC Revises 2013 Forecast – May 27, 2013

CALGARY, ALBERTA--(Marketwired - May 27, 2013) - The Canadian Association of Oilwell Drilling Contractors (CAODC) has released its revised 2013 Forecast. The initial 2013 Forecast was released in November 2012. The revised 2013 Forecast includes actual first quarter data and minor adjustments to forecast totals. These adjustments include a 2.3% increase in the projected well count for 2013 - from 10,409 wells to 10,649 wells. First Quarter Actuals From January to March, industry ran an [Read more]

Pine Cliff Energy Ltd. Enters Into an Agreement to Acquire A Further Interest in Monogram Assets

CALGARY, ALBERTA--(Marketwired - May 27, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX VENTURE:PNE) is pleased to announce that it has entered into an arm's length Letter of Intent to acquire (the "Acquisition") an additional 53.8196% working interest in the Monogram unit and related infrastructure in the Province of Alberta (the "Monogram Assets") for cash consideration of $34 [Read more]

Border Petroleum Announces 2013 Reserves and Corporate Update

CALGARY, ALBERTA--(Marketwired - May 24, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Border Petroleum Corp. (TSX VENTURE:BOR) ("Border" or the "Company") announces the results of its 2013 year-end oil and gas reserves evaluation and provides shareholders with a corporate update. Border's March 31, 2013 year-end reserves were evaluated in a report (the "Sproule Report") prepared by independent reserves evaluator Sproule & Associates [Read more]

Xtreme Drilling Announces New Director

CALGARY, ALBERTA--(Marketwired - May 24, 2013) - Xtreme Drilling and Coil Services (TSX:XDC) announces that the Board of Directors of the company have approved the appointment of Mr. David W. Wehlmann to Xtreme's Board of Directors effective May 23, 2013. Appointment of David Wehlmann to Board The Board is pleased to announce the appointment of David Wehlmann as an independent director of Xtreme. During the process of identifying candidates the Board sought individuals with strong [Read more]

Shoreline Energy Corp. Announces Credit Facility Extension

CALGARY, ALBERTA--(Marketwired - May 24, 2013) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Company") is pleased to announce that it has received a 60 day extension from its lender ATB Financial to comply with certain working capital covenants under the terms of its loan facility. Shoreline requested the extension in order to have adequate time to put in place a credit facility secured against its US assets which are not included in the Company's current borrowing base, and which have [Read more]

Bonavista Energy Corporation Announces Closing of Private Placements of Senior Notes

CALGARY, ALBERTA--(Marketwired - May 24, 2013) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to announce that it has closed private placements of long-term debt of guaranteed senior unsecured notes to a group of institutional investors. The notes issued pursuant to the private placements are ranked equally with Bonavista's obligations under its bank facility. In total, approximately $225 million (US $205 million and CDN $20 million) was raised through four separate series of [Read more]