CALGARY, ALBERTA--(Marketwired - Oct. 16, 2013) - Paramount Resources Ltd. (TSX:POU) ("Paramount") has completed its previously announced public offering of 1,115,000 Class A Common Shares of Paramount issued on a "flow-through" basis in respect of Canadian exploration expenses ("FTS") at a price of $44.00 per FTS for gross proceeds of $49,060,000. The FTS were sold through a syndicate of underwriters co-led by RBC Capital Markets, BMO Capital Markets and Peters & Co. Limited. Paramount [Read more]
News
NEB hearings on Enbridge plans to reverse Line 9 begin in Toronto today
BISMARCK, N.D. - Scientists who helped calculate oil spilled from a broken BP well into the Gulf of Mexico are questioning the methodology used to estimate the amount of crude that recently leaked from a ruptured pipeline into a wheat field in northwestern North Dakota. Tesoro Corp. said it came up with its more than 20,000-barrel spill estimate using ground analysis. But oil spill experts say a more accurate assessment likely would come from calculating how much crude went into the pipeline [Read more]
Contact Exploration Continues Success With Kakwa Liquids-Rich Montney Development
CALGARY, ALBERTA--(Marketwired - Oct. 16, 2013) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) is pleased to announce that the fourth Contact-operated horizontal Montney well at 5-23-63-6 W6 (the "5-23 Well") (Contact 25% working interest) has been successfully completed and tested. The well was flow-tested for approximately 170 hours. During the final 24 hours of flow-back the well produced against anticipated gathering system pressure of approximately 2,000 kPa and [Read more]
Connacher Provides Third Quarter 2013 Operational Update and Conference Call Details
CALGARY, Oct. 15, 2013 /CNW/ - Connacher Oil and Gas Limited (TSX:CLL) ("Connacher" or the "Company") provides the following operational update for the third quarter 2013 ("Q3 2013") and the timing and call-in details for the Q3 2013 investor conference call. Production Connacher's Great Divide production for Q3 2013 averaged 11,800 bbl/d based on field estimates. Production was 2% higher than the prior quarter (Q2 2013 11,572 bbl/d). September production averaged 12,100 bbl/d based on field [Read more]
Renegade Petroleum Ltd. Announces Board Change
CALGARY, ALBERTA--(Marketwired - Oct. 15, 2013) - Renegade Petroleum Ltd. ("Renegade" or the "Company") (TSX VENTURE:RPL) announces the resignation of D.M. (Bud) McDonald from the Renegade board of directors (the "Board"), effective immediately. The Board and Renegade's management team thank Mr. McDonald for his contributions to the Company and wish him success in the future. CORPORATE INFORMATION Renegade is a light oil focused development and production company with assets [Read more]
Spyglass Resources Corp. Announces Non-Core Asset Dispositions and Provides Operational Update
CALGARY, ALBERTA--(Marketwired - Oct. 15, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. Spyglass Resources Corp. (TSX:SGL) ("Spyglass", or the "Company") announces non-core property dispositions and a seismic sale totalling approximately $20 million (prior to closing adjustments) and provides an update on the successful execution of [Read more]
Rock Energy Inc. Announces Operations Update for Q3 2013
CALGARY, ALBERTA--(Marketwired - Oct. 15, 2013) - Rock Energy Inc. (TSX:RE) ("Rock" or the "Company") is pleased to report its operating results for the three months ended September 30, 2013. Rock is a Calgary-based crude oil exploration, development and production company. Production and Operations During Q3 2013 Rock's daily sales averaged approximately 3,850 boepd (92% oil & liquids), and the Company is currently producing over 4,000 boepd (approximately 90% oil & liquids). [Read more]
Bellatrix announces that it has entered into a third strategic joint venture, a $240 million partnership, with Troika Resources Private Equity Fund which is based in Seoul Korea
CALGARY, Oct. 15, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce it has entered into a $240 million joint venture partnership (the "Joint Venture") with TCA Energy Ltd. ("TCA"). TCA is a Canadian incorporated special purpose vehicle for Troika Resources Private Equity Fund which is based in Seoul Korea and managed by KDB Bank, SK Energy and Samchully AMC. Pursuant to the agreement forming the Joint Venture, Bellatrix and TCA [Read more]
Bellatrix Exploration Ltd. announces $576 million strategic acquisition of Angle Energy Inc. creating a dominant growth oriented cardium and Lower Mannville focused oil and gas company
CALGARY, Oct. 15, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce that it has entered into an agreement (the "Arrangement Agreement") with Angle Energy Inc. ("Angle") (TSX: NGL) providing for the acquisition by Bellatrix of all the issued and outstanding Angle common shares (the "Angle Shares") pursuant to a plan of arrangement (the "Transaction") under the Business Corporations Act(Alberta) (the "Arrangement"). The combination [Read more]
Angle Energy Announces Business Combination with Bellatrix Exploration Ltd.
CALGARY, ALBERTA--(Marketwired - Oct. 15, 2013) - Angle Energy Inc. (TSX:NGL) ("Angle" or the "Company") is pleased to announce that it has entered into an arrangement agreement (the "Arrangement Agreement") with Bellatrix Exploration Ltd. (TSX:BXE)(NYSE MKT:BXE) ("Bellatrix") pursuant to which Bellatrix, has agreed to acquire all of the issued and outstanding common shares (the "Common Shares") of Angle and all of Angle's issued and outstanding 5.75% convertible unsecured subordinated [Read more]