Bellatrix announces the closing of a $122 million joint venture in the Notikewin/Falher in the Willesden Green area and in the Cardium in the Brazeau area

Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce it has closed a joint venture (the "Joint Venture") with Grafton Energy Co I Ltd. ("Grafton"), to accelerate development on a portion of Bellatrix's extensive undeveloped land holdings. The Joint Venture is in Willesden Green and Brazeau areas of West-Central Alberta. Under the terms of the agreement, Grafton will contribute 82%, or $100 million, to the $122 million Joint Venture to participate in an expected 29 Notikewin/Falher and Cardium well program. Under the agreement, Grafton will earn 54% of Bellatrix's working interest in each well drilled in the well program until payout (being recovery of Grafton's capital investment plus an 8% return on investment) on the total program, reverting to 33% of Bellatrix's working interest ("WI") after payout.

Published: 27 June 2013
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Emerald Oil, Inc. Operations Update

Emerald Oil, Inc. (NYSE MKT: EOX) ("Emerald" or the "Company") today announced its results for recently completed operated wells and an update on well development.

Highlights

  • Emerald's second operated Bakken well (Arsenal 1-17-20H) produced 22,558 barrels of oil equivalent (BOE) during the first 30 days of production or an average of 761 barrels of equivalent per day (BOEPD) with an initial peak 24 hour rate of 1,638 BOEPD.
  • Emerald's third operated Bakken well (Caper 1-15-22H) produced 16,137 BOE during the first 11 days of production or an average of 1,543 BOEPD with an initial peak 24 hour rate of 2,063 BOEPD; this production rate currently exceeds the initial results of the Pirate well.
    Published: 25 June 2013
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Calfrac announces dividend

Calfrac Well Services Ltd. ("Calfrac") (TSX-CFW) is pleased to announce that its Board of Directors has declared a dividend pursuant to its quarterly dividend policy.  The dividend of $0.25 per common share will be paid on July 15, 2013 to shareholders of record on June 28, 2013.

Calfrac's common shares are publicly traded on the Toronto Stock Exchange under the trading symbol "CFW". Calfrac provides specialized oilfield services to exploration and production companies designed to increase the production of hydrocarbons from wells drilled throughout western Canada, the United States, Russia, Mexico, Colombia and Argentina.

Published: 17 June 2013
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Synergy Resources Corporation Announces Pricing of Upsized Public Offering of Common Stock

Synergy Resources Corporation (NYSE MKT: SYRG) ("Synergy" or the "Company") announced today that it has priced an upsized underwritten public offering of 11,500,000 shares of the Company's common stock at $6.25 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,725,000 shares of common stock. The Company intends to use the net proceeds from this offering, along with cash on hand, to fund a portion of its 18-month drilling and development budget and additional leasehold acquisition in the Wattenberg Field. Any remaining net proceeds will be used for corporate purposes, including working capital. The offering is expected to settle on June 19, 2013 subject to the satisfaction of customary closing conditions.

Published: 14 June 2013
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Lundin Petroleum Awarded One Licence in the 22nd Norwegian Licensing Round

 Lundin Petroleum AB (TSX:LUP)(OMX:LUPE) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has been awarded one exploration licence in the 22 nd licensing round.

The awarded licence, PL708, is located in the south eastern Barents Sea. Lundin Norway will be operator with a licence interest of 40 percent. Partners are Edison, North Energy and Lukoil with 20 percent licence interest respectively.

Lundin Petroleum is a Swedish independent oil and gas exploration and production company with a well balanced portfolio of world-class assets primarily located in Europe and South East Asia.

Published: 12 June 2013
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