Surge Energy Announces Continued Expansion of Crude Oil Discovery at Shaunavon, Saskatchewan; and $430 Million Asset Sale of SE Saskatchewan and Manitoba

CALGARY, April 27, 2015- Surge Energy Inc. ("Surge" or the "Company") (TSX:SGY.TO) announces that its previously disclosed Upper Shaunavon crude oil discovery in SW Saskatchewan is continuing to expand with excellent on-going delineation drilling results. Surge now believes that this high quality, conventional sandstone pool is over 250 million barrels of net original oil in place ("OOIP"1), with over 200 (net) low risk development drilling locations, and full waterflood upside.

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NXT Receives Award of a New SFD® Contract of US $13 Million

CALGARY, ALBERTA--(Apr 16, 2015) - NXT Energy Solutions Inc. ("NXT Energy" or the "Company") (TSX VENTURE:SFD)(NSFDF) announces that it has received a contract award in excess of US $13 million to conduct an aerial Stress Field Detection ("SFD®") survey project.

NXT advises that execution of a formal binding contract is expected to be finalized in the next month pending delivery by NXT Energy of industry standard documentation including project performance bonds. Final contract details will be announced once available.

George Liszicasz, President and CEO of NXT Energy, noted "this contract award with another new client validates NXT's strategy of focusing on clients that seek to use SFD® to identify long term strategic reserves efficiently at low relative cost."

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Triangle Petroleum Provides Financial Results and Operational Update For All Business Segments For Fourth Quarter and Full Fiscal Year 2015

DENVER, April 13, 2015-- Triangle Petroleum Corporation ("Triangle" or the "Company") (NYSE MKT: TPLM) today provides an operational update and reports its fourth quarter fiscal year 2015 ("Q4 2015") and full fiscal year 2015 ("FY 2015") results for the period ended January 31, 2015.

Highlights for Fiscal Year 2015

  • Increased volumes in FY 2015 to 4,176 Mboe (+116% y/y) as compared to 1,929 Mboe in fiscal year 2014 ("FY 2014").  Average daily production increased to 11,441 Boepd in FY 2015, or 2% above the high end of our FY 2015 guidance range of 10,200-11,200 Boepd, from 5,286 Boepd in FY 2014
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Madalena announces 860 boe/d Loma Montosa horizontal well test at Puesto Morales and 590 boe/d Sierras Blancas well at Coiron Amargo

CALGARY, April 8, 2015 - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTC: MDLNF) is pleased to announce it has recently completed the testing of an operated horizontal multi frac well (PMS-1135(h)) in the Loma Montosa formation on its 100% working interest property at Puesto Morales, one of Madalena's four strategic resource plays in Argentina.  Madalena is also pleased to provide an update on its horizontal well development on its Coiron Amargo Block.

Loma Montosa Oil Resource Play– Horizontal Well Test

The PMS-1135(h) well on Madalena's Puesto Morales block, was successfully drilled and cased with a tapered mono-bore assembly to a total depth of 2,600 metres with a horizontal length of approximately 1,095 metres.

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Leucrotta Provides Information on Light Oil Discoveries and Liquids-Rich Montney Project

CALGARY, ALBERTA--(Apr 7, 2015) - Leucrotta Exploration Inc. ("Leucrotta" or the "Company") (TSX VENTURE:LXE) is pleased to announce an update on its two light oil discoveries and as well as other operational activities.

Montney Light Oil Discovery:

The Mica 13-7 horizontal well was drilled with a vertical pilot that was cored and logged prior to drilling a 1,500 meter horizontal leg. The well was drilled in Q4 2014 and completed in Q1 2015. During a 29 day test period, the well flowed at an average rate of approximately 447 boe/d (248 barrels per day of 39 API light oil, 25 boepd of NGL's and 1.0 mmcf/d of natural gas).

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