CALGARY, March 11, 2014 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to report strong year end 2013 reserve additions for its Montney resource property at Glacier, Alberta ("Glacier"). Proven plus probable ("2P") reserve additions were achieved at a finding and development cost of $1.33/mcfe ($7.99/boe) and a recycle ratio of 2.1. Total 2P reserves are up 20% to 1.7 trillion cubic feet ("Tcfe"). We are also pleased to report Glacier production reached our [Read more]
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Petrus Resources Ltd. Announces Asset Acquisition and Provides Operational Update
CALGARY, ALBERTA--(Marketwired - Feb. 27, 2014) - Petrus Resources Ltd. ("Petrus" or the "Company") is pleased to announce an asset acquisition in its core foothills area and provide a general operational update, including information on its 2014 capital budget and increased credit facilities. ASSET ACQUISITION Petrus has entered into a purchase and sale agreement to acquire oil and natural gas assets from a working interest partner in the central Alberta foothills (the "Acquisition"). [Read more]
Chinook Energy Inc. Announces its December 31, 2013 Reserves, Operations Update and Renewal of Credit Facilities
CALGARY, ALBERTA--(Marketwired - Feb. 26, 2014) - Chinook Energy Inc. ("Chinook" or the "Company") (TSX:CKE) today announced the results of its year-end reserve evaluations effective December 31, 2013 as prepared by its independent evaluators. The Company has also provided an operations update and an update on the renewal of its credit facilities. Chinook's audit of its 2013 annual consolidated financial statements is not yet complete and accordingly all financial amounts referred to in this [Read more]
Zargon Oil & Gas Ltd. Provides A Little Bow ASP Project Update, an Operational Update and 2013 Year End Reserves
CALGARY, ALBERTA--(Marketwired - Feb. 19, 2014) - Zargon Oil & Gas Ltd. (the "Company" or "Zargon") (TSX:ZAR) (TSX:ZAR.DB) is pleased to provide a Little Bow Alkaline Surfactant Polymer ("ASP") tertiary oil recovery project update, an operational update, 2014 production and capital guidance and 2013 year end reserves. Zargon intends to release its 2013 audited financial results on March 11, 2014, after market close. LITTLE BOW ASP PROJECT UPDATE: Zargon has commenced commissioning the [Read more]
Bonterra Energy Corp. Provides an Operations Update and Releases Its Corporate Reserves Information
CALGARY, ALBERTA--(Marketwired - Feb. 11, 2014) - Bonterra Energy Corp. (Bonterra or the Company) (www.bonterraenergy.com) (TSX:BNE) is pleased to provide an operational update including 2013 highlights and its ongoing Cardium development program as well as the results of its independent reserve report prepared by Sproule Associates Limited with an effective date of December 31, 2013. Operational Highlights Record average daily production for the full year of 12,190 barrels of oil [Read more]
Baytex Announces Strategic $2.6 Billion Acquisition of Aurora Oil & Gas, $1.3 Billion Bought Deal Financing and 9% Dividend Increase Upon Completion of Acquisition
CALGARY, ALBERTA--(Marketwired - Feb. 6, 2014) - Baytex Energy Corp. ("Baytex", the "Company" or "we") (TSX:BTE)(NYSE:BTE) and Aurora Oil & Gas Limited ("Aurora") (TSX:AEF)(ASX:AUT) today announced they have entered into an agreement whereby Baytex will acquire, through a scheme of arrangement under Australian law (the "Arrangement"), 100% of the shares of Aurora, on a fully diluted basis, for AU$4.10 (Australian dollars) cash per share (the "Acquisition"). The total consideration to be paid [Read more]
ARC Resources Ltd. announces sixth consecutive year of 200 per cent or greater produced reserves replacement in 2013
CALGARY, Feb. 5, 2014 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") released today its 2013 year-end reserves and resources information. "I am really pleased with our team's performance again this year. We added significant reserves at a low finding cost through the drill bit and continued to convert our large reserve and resource base into production and cash flow," stated Myron Stadnyk, President and CEO. HIGHLIGHTS Replaced approximately 200 per cent of 2013 total production, adding [Read more]
Yoho Resources Announces Closing of Asset Disposition and Provides Update on Plan of Arrangement
CALGARY, ALBERTA--(Marketwired - Jan. 31, 2014) - Yoho Resources Inc. (TSX VENTURE:YO) ("Yoho" or the "Company") is pleased to announce that it has closed the previously announced disposition (the "Disposition") of its Montney acreage in the Nig area of Northeast British Columbia (the "Nig Assets") to Storm Resources Ltd. ("Storm") for total consideration of approximately $87.9 million (exclusive of customary closing adjustments), pursuant to the asset purchase and sale agreement dated January [Read more]
Hyperion Exploration Corp. Announces Sale of Non-Core, Chip Lake Assets
CALGARY, ALBERTA--(Marketwired - Jan. 29, 2014) - Hyperion Exploration Corp. ("Hyperion" or the "Corporation") (TSX VENTURE:HYX) announces that it has entered into a definitive purchase and sale agreement to divest 100 boe/d of non-core, gas weighted production in the Chip Lake Area of Central Alberta for cash consideration of $3.4 million (the "Disposition"). The Disposition is expected to close on January 31, 2014. Proceeds from the sale of the Chip Lake assets will be used to reduce [Read more]
Yoho Resources Announces Strategic Transaction to Create A Well Capitalized Duvernay Focused Company
CALGARY, ALBERTA--(Marketwired - Jan. 23, 2014) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) announces that it has entered into an asset purchase and sale agreement (the "Agreement") for the divestiture (the "Transaction") of its Montney acreage in the Nig area of Northeast British Columbia (the "Nig Assets") to Storm Resources Ltd. (the "Purchaser") for total consideration of approximately $87.7 million. Pursuant to the terms of the Agreement, Storm has agreed to acquire [Read more]
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