BOE Report

Craft Oil Ltd. Announces Closing of Disposition of Oil and Gas Assets

CALGARY, ALBERTA--(Marketwired - March 20, 2017) - Craft Oil Ltd. ("Craft" or the "Company") is pleased to announce that it has closed the previously announced sale of assets (the "Disposition"), comprised of approximately 1,625 boe per day (weighted 36% oil and NGLs), located in the Grande Prairie area of northwest Alberta, to Cardinal Energy Ltd. ("Cardinal"). The Disposition was completed on March 17, 2017. Pursuant to the Disposition, Craft received approximately 4.0 million common shares of [Read more]

Traverse Energy Ltd. Announces Normal Course Issuer Bid

CALGARY, ALBERTA--(Marketwired - March 20, 2017) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) is pleased to announce that the TSX Venture Exchange (the "TSXV") has accepted the notice filed by the Corporation of its intention to make another normal course issuer bid through the facilities of the TSXV. Pursuant to the notice accepted by the TSXV, the Corporation may, during the period commencing March 24, 2017 and ending March 23, 2018, purchase for cancellation, through the [Read more]

Pengrowth Reaches Agreement to Sell North Central Alberta Properties for $180 Million

CALGARY, ALBERTA--(Marketwired - March 20, 2017) - Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) (the "Company" or "Pengrowth") today announced that it has entered into an agreement for the sale of a portion of its Swan Hills assets in North Central Alberta for total cash consideration of $180 million, subject to customary adjustments. The sale of the Swan Hills assets is in keeping with the Company's strategy to de-lever its balance sheet while allowing it to streamline and high-grade its [Read more]

TransCanada Seeks Approval to Proceed with North Montney Mainline Project

CALGARY, ALBERTA--(Marketwired - March 20, 2017) - News Release - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that it has filed a variance application with the National Energy Board to proceed with construction of the North Montney Mainline (NMML) Project in northeast British Columbia (B.C.). TransCanada has previously been granted the required primary federal and provincial approvals to construct NMML, subject to conditions that included the requirement for a [Read more]

Touchstone Exploration Inc. Announces 2016 Reserves

CALGARY, ALBERTA--(Marketwired - March 20, 2017) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX:TXP) announces the results of the independent December 31, 2016 reserve evaluation (the "Reserves Report") with respect to the Company's crude oil reserves in the Republic of Trinidad and Tobago ("Trinidad"). Amounts herein are in Canadian dollars unless otherwise stated. Touchstone's year-end reserves were evaluated by independent reserves evaluator GLJ Petroleum Consultants [Read more]

Memorandum of Understanding With CPECC in Relation to West Ells Phase II Project Expansion

HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - March 19, 2017) - The Board of Directors of Sunshine Oilsands Ltd. ("the Corporation" or "Sunshine") (HKSE:2012) is pleased to announce the following: MEMORANDUM OF UNDERSTANDING WITH CPECC IN RELATION TO WEST ELLS PHASE II PROJECT EXPANSION On March 20, 2017 (Hong Kong Time) / March 19, 2017 (Calgary Time), the Corporation and China Petroleum Engineering & Construction Corporation (CPECC) have signed a Memorandum of Understanding [Read more]

Suncor Energy to work with Alberta Energy Regulator regarding tailings and related Millennium Operational Amendment applications

CALGARY, ALBERTA--(Marketwired - March 17, 2017) - Suncor today confirms it has received notice from the Alberta Energy Regulator that it has denied the Suncor Base Plant Tailings Management Framework application and related Millennium Operational Amendment application. The tailings application, which was submitted in April 2016, is a regulated requirement under the Government of Alberta's Tailings Management Framework. Suncor amended its Millennium Operational application to reflect the [Read more]

Petrocapita Announces Aggregate Proceeds of $832,191.36 Preferred Trust Units and Tied Class ‘A’ Shares (Tied Offering)

CALGARY, ALBERTA--(Marketwired - March 17, 2017) - Petrocapita Income Trust (CSE:PCE.UN)(CSE:PCE.UN.CN) ("Petrocapita" or the "Trust") announces the initial Close in the sum of $832,000.00 of its 9% Preferred Trust Units and $191.36 tied Class 'A' Shares pursuant to the February 08, 2017 announcement of the $20 million Preferred Unit Offering. Details related to the Tied Offering Close have been filed with the Canadian Securities Exchange (www.theCSE.com) and under Petrocapita's profile on [Read more]

Blackbird Energy Inc. to Acquire Elmworth/Pipestone Lands, Increasing Montney Land Holdings to 116 Gross Sections (100.9 Net), and Announces Results of 2017 AGM

CALGARY, ALBERTA--(Marketwired - March 16, 2017) - Blackbird Energy Inc. ("Blackbird" or the "Company") (TSX VENTURE:BBI) is pleased to announce that it has entered into a binding agreement with Knowledge Energy Inc. for the acquisition of two gross sections (two net) of Montney rights for total consideration of 1,923,077 Blackbird common shares (the "Acquisition"). These lands are contiguous with Blackbird's existing lands and will, upon closing, increase Blackbird's Montney rights at [Read more]

Groundstar Resources Limited Provides Corporate Update

CALGARY, ALBERTA--(Marketwired - March 16, 2017) - Groundstar Resources Limited (TSX VENTURE:GSA) (the "Company") announces that it has received a proposal from Canada Revenue Agency ("CRA") as a result of a recently completed audit of the Company's renunciations of flow-through expenditures for the taxation years 2012 through 2014. CRA has determined that there has been a shortfall in the amount available for renunciation under the look-back rule in the amounts of $248,997 and $563,998 for 2012 [Read more]