Junex's Galt No. 4 Horizontal Well Continues to Deliver Strong Production Rates

QUEBEC CITY, QUEBEC--( Mar 16, 2015) - Junex Inc. (TSX VENTURE:JNX) ("Junex" or the "Company") is pleased to announce that it has completed its most recent phase of oil production testing in its Galt No. 4 Horizontal well. This latest phase started on February 26^th and ended on March 11^th. The Company deliberately set the production rate during this latest phase according to its plan such that an average rate of 206 barrels of oil per day ("BOPD") was maintained during the final ten days of this period.

Since the Galt No. 4 Horizontal well finished drilling, Junex has recovered a total volume of 7,200 barrels of light, sweet crude oil from combined production testing operations and well cleanup/swabbing operations.

BNK Petroleum Inc. - Announces 2014 Year-End Reserves

CAMARILLO, CA, March 5, 2015 - BNK Petroleum Inc. (the "Company" or "BNK") (TSX: BKX), is providing the results of its December 31, 2014 independent reserves evaluation.

The evaluation of the Company's reserves in the Caney formation of the Tishomingo Field in Oklahoma was conducted by Netherland Sewell and Associates, Inc. ("NSAI") in accordance with National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities. 

2014 Gross Reserves Summary

• Total Proved Reserves 12 million Barrels of oil equivalent (BOE)
  • an increase of 197% over December 31, 2013 estimate

    Published: 12 March 2015

    Written by Editor

    TSX   Financial Results   Up on News  

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Hemisphere Energy Announces a 61% Increase in 2014 Reserves

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 11, 2015) - Hemisphere Energy Corporation ("Hemisphere") (TSX VENTURE:HME) is pleased to announce highlights from its independent reserves evaluation as at December 31, 2014 in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). 

In 2014 Hemisphere completed its busiest development year to-date, drilling and placing on production 10 horizontal oil wells in Atlee Buffalo and 2 horizontal oil wells in Jenner. This activity resulted in a 61% growth in Proved plus Probable reserves and a 74% increase in Proved Developed Producing reserves. Despite the decrease in oil prices, Hemisphere achieved a substantial increase in the net present value of its reserves through its successful drilling programs. Atlee Buffalo, which was acquired in late 2013, contributed significant production and reserve growth during its first phase of development, setting up future growth opportunities in the area.

Warren Resources Announces Fourth Quarter and Full-Year 2014 Financial and Operating Results

• FY14 Record Total Revenue of approximately $151 Million, a 17% increase
• FY14 Record EBITDA of approximately $90 million, a 15% increase
• FY14 Record Production of 22.8 Bcfe, a 77% increase
• FY14 Lease Operating Expenses and Taxes per Mcfe Declines 26%

NEW YORK, March 11, 2015 -- Warren Resources, Inc. (WRES) today reported its fourth quarter and full-year 2014 financial and operating results.

In announcing the results, Lance Peterson, Interim Chief Executive Officer, commented, "2014 was a transformational year for Warren, with strong growth in reserves, production, revenues and cash flows and the successful execution of the acquisition and integration of the Marcellus assets.