Crescent Point Announces Strategic Torquay Consolidation Acquisition of CanEra Energy Corp. and Upwardly Revised 2014 Guidance

Crescent Point Energy Corp. ("Crescent Point" or the "Company") (CPG.TO)(CPG) is pleased to announce that it has entered into an arrangement agreement (the "CanEra Arrangement") to acquire all of the issued and outstanding shares of CanEra Energy Corp. ("CanEra"), a privately held southeast Saskatchewan oil and gas producer with a large Torquay land position and production of approximately 10,000 boe/d (the "CanEra Assets"). Total consideration for CanEra is approximately $1.1 billion, including approximately 12.9 million Crescent Point shares, $192 million of cash consideration and the assumption of approximately $348 million of net debt.

Read more: Crescent Point Energy Corp ( CPG )

FX Energy to Test Seventy Meter Gas Interval at Tuchola-4K Well

Reports Production Status on Fences Area Wells

April 15, 2014 - FX Energy, Inc. (FXEN) reported that the Tuchola-4K well reached its primary objective, the lower Zechstein Ca1 formation at 2,740 meters, approximately 60 meters high to last year's Tuchola-3K well. The Tuchola-4K well was then cored and drilled to 2,810 meters, its current depth, with strong gas shows observed throughout. This 70 meter interval was then logged, showing gas saturation throughout. The gas includes components up to C2 ethane and C3 propane. Logs and cores both show very good porosity.

"The cores have visible intergranular porosity and extensive fracturing," said Andy Pierce VP of Operations.  "The well logs show excellent porosity and gas saturation throughout the entire 70 meter zone. Data from the Tuchola-4K well up to this point exceeds our expectations."

Read more: FX Energy Inc ( FXEN )

Goodrich Petroleum Announces Tuscaloosa Marine Shale ("TMS") Well Result And Operational Update

April 14, 2014 - Goodrich Petroleum Corporation (GDP) today announced the completion of its Blades 33H-1 (66.7% WI) well in Tangipahoa Parish, Louisiana.  The well has achieved a peak 24-hour average production rate to date of 1,270 barrels of oil equivalent ("BOE") per day, comprised of 1,250 barrels of oil and 115 Mcf of gas on a 14/64 inch choke from an approximate 5,000 foot lateral.  The well landed in the Company's lower target, was drilled and completed under budget and was fracked with 20 stages using composite plugs that were drilled out prior to flow back.  The Company's completion methodology was slightly modified from previously completed wells.  The well was drilled on a portion of the 185,000 net acres acquired in August 2013 and is approximately 48 miles southeast from the Company operated Crosby 12H-1 well in Wilkinson County, Mississippi and five miles east of a horizontal well previously drilled on the acquired acreage.

Read more: Goodrich Petroleum ( GDP )

Raise Production Inc. Provides Testing Update

April 10, 2014 - Raise Production Inc. (TSX-V:RPC.V ) ("Raise" or the "Company") is pleased to provide its shareholders with an update regarding recent field testing of its horizontal wellbore production system (the "System").

As previously reported, the first "commercial" type System replaced the two pump prototype System in January, 2014 in a Viking reservoir near Kindersley, Saskatchewan.

The "commercial" type System comprised of multiple pumps was deployed along the entire horizontal length of the wellbore. In mid-February it was determined that a threaded connection utilizing a thread sealing compound had failed during the installation or immediately thereafter, compromising System function.

Read more: Raise Production Inc ( RPC )

Crew Energy Inc. Announces Acquisition of Strategic Montney Acreage, Sale of Alberta Natural Gas and Associated Liquids Assets and Expanded 2014 Montney Focused Capital Program

Apr 9, 2014 - Crew Energy Inc. ("Crew" or the "Company") (CR.TO) of Calgary, Alberta is pleased to announce the successful completion of an acquisition of certain strategic Montney liquids rich natural gas properties in northeast British Columbia for approximately $105 million. The acquired assets include 75 net sections of land that are either contiguous with existing Crew land or increase Crew's working interest in joint interest lands. An updated map of the Company's Montney acreage is posted on the Company's website at www.crewenergy.com.

Read more: Crew Energy Inc ( CR )