BOE Report

News

Athabasca Oil Corporation Closes Sale of its 50% Interest in the Light Oil Infrastructure

CALGARY, Dec. 23, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") has closed its previously announced sale of a 50% interest in the Kaybob area light oil infrastructure to a third-party for cash consideration of $145 million. Athabasca retains a 50% interest in these infrastructure assets and remains operator. About Athabasca Oil Corporation Athabasca Oil Corporation is a dynamic, Canadian energy company with a diverse portfolio of thermal and light oil assets. [Read more]

Mountainview Energy Ltd. announces appointment of new CFO

CUT BANK, MT, Dec. 23, 2013 /CNW/ - Mountainview Energy Ltd. (TSXV: MVW.V) ("Mountainview" or the "Company") is pleased to announce that Mr. Brent Osmond has been appointed Vice President, Finance and Chief Financial Officer of the Company. Mr. Osmond is a Certified Management Accountant with experience in building startup and growth oriented energy companies. Mr. Osmond has previous oil and gas CFO experience through his positions with TerraMer Inc., a private oil and gas service company and [Read more]

Novus Energy Inc. announces expected closing date for arrangement with Yanchang Petroleum International Limited

CALGARY, Dec. 23, 2013 /CNW/ - Novus Energy Inc. ("Novus" or the "Company") (TSXV: NVS) announced today that the arrangement (the "Arrangement") contemplated under the arrangement agreement among Novus, Yanchang Petroleum International Limited ("Yanchang") and its wholly-owned subsidiary dated September 3, 2013, as amended (the "Arrangement Agreement"), was approved by the requisite majority of votes cast by shareholders of Yanchang at the meeting held on December 23, 2013. Yanchang has [Read more]

First Mountain Exploration Ltd. Provides Drilling Update

CALGARY, Dec. 23, 2013 /CNW/ - First Mountain Exploration Ltd. ("First Mountain" or the "Company") (TSX Venture: FMX) wishes to advise that the well FMEL 03HZ ATL-BUFF 14-20-21-5W4M (the "well") in which it has an 85% working interest has been drilled and slotted liner has been run to the total planned depth of 1,761 meters. Recorders have been installed and the Company expects to test the well during the first week of January 2014. A Note regarding Forward Looking Information Neither the TSX [Read more]

Questerre Closes $9 Million Bought Deal Flow-Through Equity Offering

CALGARY, ALBERTA--(Marketwired - Dec. 23, 2013) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) is pleased to report that it has closed its previously announced offering (the "Offering") of 5,865,000 common shares of the Company issued on a "flow-through" basis within the meaning of the Income Tax Act (Canada) at a price of $1.55 per Flow-Through Share, resulting in gross proceeds of $9,090,750, which includes the exercise in full of [Read more]

Delphi Announces Funding Arrangement and Provides Operations Update

CALGARY, ALBERTA--(Marketwired - Dec. 23, 2013) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") is pleased to provide the following corporate update. Funding Delphi has entered into a Gross Overriding Royalty ("GOR") agreement to partially fund the drilling of ten Montney wells in East Bigstone over the next 12 to 18 months. The parties purchasing the GOR ("Royalty Owners") will contribute $25.0 million over this time frame towards seven wells scheduled to be drilled [Read more]

Cardinal Energy Ltd. Announces Closing of $22.5 Million Over-Allotment Option

CALGARY, ALBERTA--(Marketwired - Dec. 23, 2013) - Cardinal Energy Ltd. (TSX:CJ) ("Cardinal") is pleased to announce that it has issued an additional 2,142,857 common shares at $10.50 per share for gross proceeds of $22.5 million pursuant to the exercise in full of the underwriters' over-allotment option in connection with its recently completed public offering. In total, Cardinal has raised $247.5 million pursuant to the public offering. The public offering was underwritten by a syndicate of [Read more]

Terra Energy Announces New $25MM Lending Facility with Senior Lender

CALGARY, ALBERTA--(Marketwired - Dec. 23, 2013) - Terra Energy Corp. ("Terra" or the "Company") (TSX:TT) is pleased to announce that it has entered into a new $25 million secured lending facility (the "Facility" or "Agreement") with a Senior Canadian Chartered Bank. The Facility is comprised of a $22.5 million revolving operating demand line and a $2.5 million non-revolving acquisition/development demand line with an annual renewal date of May1st. The proceeds of the Facility will [Read more]

Questerre Secures Final Contracts for Guaranteed Market Access

CALGARY, ALBERTA--(Marketwired - Dec. 23, 2013) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) is pleased to announce that is has concluded the final agreements for market access for its natural gas and liquids production in the Kakwa-Resthaven area of west central Alberta. Michael Binnion, President and Chief Executive Officer, commented, "These contracts are the cornerstone of our wellhead to burner tip strategy. They include firm [Read more]