VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2014) - Hemisphere Energy Corporation (TSX VENTURE:HME) is pleased to provide an update on operations from its five well summer drilling program in the Atlee Buffalo area of southeast Alberta. With two of the five wells from the drilling program having been on production for over 30 days Hemisphere's average corporate production rate during the first three weeks of August has increased to an average of 670 barrels of oil equivalent per day [Read more]
News
Quattro Announces Record 2nd Quarter Financial and Operating Results, Reporting Net Earnings of $0.11 per Share in the 1st Half of 2014
CALGARY, ALBERTA--(Marketwired - Aug. 26, 2014) - Quattro Exploration and Production Ltd. (TSX VENTURE:QXP) ("Quattro" or the "Company") is pleased to announce the filing of its operating and financial results for the 3 and 6 months ending June 30, 2014, reporting record earnings and operating Results; Highlights Revenues for the 6 months ending June 30th, 2014 were $8,832,600 Income from operations in the first half of 2014 was $4,588,200, a netback of $18.36 per BOE Earnings from [Read more]
QEC Announces Kakwa South Well Tests at Over 800 boe/d With 70 bbls/MMcf of Liquids
CALGARY, ALBERTA--(Marketwired - Aug. 26, 2014) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) is pleased to report on the test results from its 16-07-62-5-W6M well (the "16-07 Well") in the Kakwa-Resthaven area of west central Alberta. The 16-07 Well was completed with a ten-stage slick water fracture stimulation in the approximately 1000m horizontal leg. Over the last 24 hour period of the cleanup and flow back, the well averaged 3.5 MMcf/d of natural gas [Read more]
NuVista Energy Ltd. Announces Purchase of Additional Wapiti Montney Acreage and Flow Through Share Financings
CALGARY, ALBERTA--(Marketwired - Aug. 25, 2014) - NuVista Energy Ltd. ("NuVista") (TSX:NVA) is pleased to announce the signing of a definitive purchase and sale agreement with a third party to purchase 12.5 gross sections (12.0 net) of highly prospective Wapiti Montney contiguous undeveloped land for $35 million before closing adjustments (the "Acquisition"). This block expands NuVista's land position to over 220 gross sections (over 190 net) in the Wapiti Montney area and leverages unique [Read more]
Painted Pony Petroleum Announces Closing of $50 Million Private Placement in Connection With Strategic Alliance
CALGARY, ALBERTA--(Marketwired - Aug. 25, 2014) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Company") (TSX:PPY) is pleased to announce that, further to its press release dated August 19, 2014, the Company has closed a private placement of common shares with AltaGas Ltd. ("AltaGas"), for total cash consideration of approximately $50 million (the "Private Placement"). In connection with the strategic alliance between Painted Pony and AltaGas announced on August 19, 2014 (the [Read more]
Source Rock Royalties Closes Private Placements Including Strategic Pension Fund Investment
CALGARY, ALBERTA--(Marketwired - Aug. 25, 2014) - Source Rock Royalties Ltd. ("Source Rock") announces that it has completed a brokered private placement through Richardson GMP Limited and a concurrent non-brokered private placement (collectively, the "Offerings"). Pursuant to the Offerings, subscriptions for 7,073,330 common shares of Source Rock ("Common Shares") at an issue price of $1.30 per Common Share were received. Gross proceeds committed to via the Offerings are $9,195,329. The [Read more]
Border Announces Closing of Private Placement
CALGARY, ALBERTA--(Marketwired - Aug. 25, 2014) - Border Petroleum Limited ("Border" or the "Corporation") (TSX VENTURE:BOR) is pleased to announce that it has completed its previously announced private placement of 30,000,000 units ("Units") of the Corporation at a price of $0.05 per Unit for aggregate gross and net proceeds of $1,500,000. Each Unit is comprised of one common share of the Corporation (the "Common Shares") and one-half of a share purchase warrant (the "Warrant"). Each full [Read more]
Strata Oil Appoints Dave Mahowich to the Position of Vice President Operations
PEACE RIVER, ALBERTA--(Marketwired - Aug. 25, 2014) - Strata Oil & Gas Inc (OTCQB:SOIGF) announced today the appointment of Dave Mahowich to the position of Vice President, Operations. Mr. David Mahowich has 27 years of experience in the oil and gas sector, including expertise in the Peace River oil sands region, where he oversaw drilling operations for Blackrock Ventures Inc. which was subsequently acquired by Shell Canada Ltd. for $2.4 billion. Mr. Mahowich assisted Blackrock in its [Read more]
Cardinal Energy Announces Closing of Wainwright Acquisition and Operations Update
CALGARY, ALBERTA--(Marketwired - Aug. 25, 2014) - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) is pleased to announce that its previously announced Wainwright Acquisition (the "Acquisition") has closed effective August 22, 2014. The Acquisition adds 1,900 BOEPD (99% oil) of long life, low decline production. The Acquisition will allow Cardinal to expand its drilling program while still maintaining a less than 15% corporate decline rate. With the full quarter of production [Read more]
Palliser Oil & Gas Corporation comments on trading halt
CALGARY, Aug. 22, 2014 /CNW/ - Palliser Oil & Gas Corporation ("Palliser") (TSXV:PXL) announces that the Investment Industry Regulatory Organization of Canada has halted trading of Palliser's common shares. The halt was initiated upon the request of the TSX Venture Exchange ("TSXV") after the TSXV determination to treat the proposed amalgamation of Palliser with Maha Energy Inc. (the "Amalgamation") as a "reverse takeover" as such term is defined in the TSXV Policies requiring additional [Read more]