BOE Report

Questfire Announces December 31, 2016 Corporate Reserves

CALGARY, ALBERTA--(Marketwired - March 21, 2017) - Questfire Energy Corp. (the Corporation or Questfire) (TSX VENTURE:Q.A) is pleased to announce the results of its independent reserves evaluation effective as of December 31, 2016 as prepared by GLJ Petroleum Consultants Ltd. (GLJ), the Corporation's independent qualified reserves evaluator. The evaluation was prepared in accordance with reserves definitions, standards and procedures contained in National Instrument 51-101 - Standards of [Read more]

Western Energy Services Corp. Confirms Its Offer; Highlights the Key Benefits to Savanna Shareholders; and Asks for Savanna Shareholders’ Support

CALGARY, ALBERTA--(Marketwired - March 21, 2017) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Western Energy Services Corp. ("Western") (TSX:WRG) confirms its proposed arrangement (the "Arrangement") with Savanna Energy Services Corp. ("Savanna") providing for the issuance of 0.85 of a Western common share plus the payment of $0.21 of cash for each Savanna common share held. Based on Western's closing price of $2.25, the [Read more]

Divestco Announces Debt Financing

CALGARY, AB--(Marketwired - March 21, 2017) - Divestco Inc. ("Divestco" or the "Company") (TSX VENTURE: DVT) announces that it has entered into a secured loan with BC-OSB Holdings Ltd. (the "Lender") for $6.0 million with an initial draw of $5.0 million, repayable September 15, 2020 (the "Loan") with an interest rate of 17% per year compounded monthly in arrears until maturity. Proceeds of the Loan were used to repay a $3.2 million bridge loan with the balance being used to augment working [Read more]

Total Energy Services Inc. Announces Acquisition of Shares of Savanna Energy Services Corp. on the TSX

CALGARY, ALBERTA--(Marketwired - March 21, 2017) - Total Energy Services Inc. ("Total" or the "Corporation") (TSX:TOT) announced today that, in connection with its previously announced Offer (as defined below) to purchase all of the issued and outstanding common shares ("Savanna Shares") of Savanna Energy Services Corp. ("Savanna"), it has purchased, through the facilities of the Toronto Stock Exchange (the "TSX"), 34,200 Savanna Shares (the "Acquired Shares"). All of the Acquired Shares were [Read more]

Birchcliff Energy Ltd. Announces Sales Process for Charlie Lake Light Oil Resource Play

CALGARY, ALBERTA--(Marketwired - March 21, 2017) - Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) today announced that it will pursue the sale of its oil and natural gas properties and related assets on the Charlie Lake Light Oil Resource Play located in the Peace River Arch of Alberta (the "Assets"). "The successful growth of our Montney/Doig Resource Play has resulted in us not allocating any significant capital to our Charlie Lake Light Oil Resource Play. Accordingly, we have chosen to [Read more]

Saturn Oil + Gas Inc. Announces Viking Acquisition and Appointment of New Members to the Board of Directors

SASKATOON, SASKATCHEWAN--(Marketwired - March 21, 2017) - Saturn Oil + Gas Inc. ("Saturn" or the "Company") (TSX VENTURE:SMI)(FRANKFURT:SMK) is pleased to announce that it has closed a transaction within the Viking fairway near Kindersley, Saskatchewan. Under the terms of the transaction, Saturn purchased 640 acres of Viking oil land in the greater Kindersley area from a local private operator. This land is highly prospective for increased Viking light oil production through horizontal [Read more]

Total Energy Reaffirms Reasons Savanna Shareholders Should Tender to its Offer

CALGARY, ALBERTA--(Marketwired - March 21, 2017) - Editors Note: There is a graph associated with this press release. Total Energy Services Inc. ("Total Energy") (TSX:TOT) announced today that it continues to see strong support for its offer (the "Total Offer") to purchase the outstanding common shares of Savanna Energy Services Corp. ("Savanna"). THE TOTAL OFFER REMAINS OPEN FOR ACCEPTANCE UNTIL 11:59 P.M. (PACIFIC TIME) ON [Read more]

Touchstone Announces Inc. Reduction in East Brighton Letter of Credit and Initial 2017 Capital Program

CALGARY, ALBERTA--(Marketwired - March 21, 2017) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX:TXP) announces that the Trinidad and Tobago Minister of Energy and Energy Industries ("MEEI") approved a reduction of the Company's letter of credit supporting required work commitments on the East Brighton offshore property from US$6 million to US$2.15 million. The letter of credit is currently secured by funds held in trust. The Company has proposed to drill the East Brighton [Read more]

Inside Information: Long Term Forbearance Reinstatement With Noteholders

HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - March 20, 2017) - The Board of Directors of Sunshine Oilsands Ltd. ("the Company" or "Sunshine") (HKSE:2012) hereby announces the following: LONG-TERM FORBEARANCE REINSTATEMENT WITH NOTEHOLDERS Reference is made to the announcements of the Company dated August 5, 2014, August 8, 2014 and February 5, 2016 (all Hong Kong time) in relation to, among other things, the offering of US$200 million principal amount of senior secured [Read more]

Total Energy Services Inc. Announces Acquisition of Shares of Savanna Energy Services Corp. on the TSX

CALGARY, ALBERTA--(Marketwired - March 20, 2017) - Total Energy Services Inc. ("Total" or the "Corporation") (TSX:TOT) announced today that, in connection with its previously announced Offer (as defined below) to purchase all of the issued and outstanding common shares ("Savanna Shares") of Savanna Energy Services Corp. ("Savanna"), it has purchased, through the facilities of the Toronto Stock Exchange (the "TSX"), 50,000 Savanna Shares (the "Acquired Shares"). All of the Acquired Shares were [Read more]