North American Energy Partners Reaches Agreement to Sell Piling Business and Announces Fiscal Year 2013 Results

North American Energy Partners Inc. ("NAEP" or "the Company") (NOA.TO)(NOA) today announced it has reached an agreement to sell its Piling businesses and announced its financial results for the year and three months ended March 31, 2013.

The Company has prepared its consolidated financial statements in accordance with accounting principles generally accepted in the United States (US GAAP). Except where otherwise specifically indicated, all dollar amounts are expressed in Canadian dollars.

Petromanas updates Albanian exploration activities

Petromanas Energy Inc. ("Petromanas", or the "Company") (TSXV:PMI.V ) today provided an update on current and planned exploration initiatives onshore Albania.

Albania Blocks 2-3

The Shpirag-2 well continues to drill ahead in the target carbonate reservoir at a depth of approximately 5,500 metres. Petromanas intends to drill the well to a target depth of approximately 5,800 metres.

The Company today also announced it has received notification that the Albanian government has approved construction permits for road and lease construction at the Molisht-1 drilling location and two other drilling locations located along the Shpirag structure in Blocks 2-3.

Gastar Exploration Announces Extension of East Texas Property Sale Closing

Gastar Exploration Ltd. (NYSE MKT: GST) ("Gastar") announced today that the closing of the previously announced sale of Gastar's East Texas properties to Cubic Energy has been extended to June 28, 2013 with a termination date of July 12, 2013 in order to allow Cubic Energy additional time to finalize financing for the transaction.  As compensation for the extension of the closing date, the parties have agreed to reduce certain identified due diligence negative adjustments to the purchase price by $350,000.

Terra Energy Announces Agreement to Sell Montney Assets for $36 Million

 Terra Energy Corp. (TSX:TT) ("Terra" or the "Company") is pleased to announce that Crew Energy Inc. ("Crew") has exercised the option to purchase the balance of Terra's Montney assets in northeast British Columbia for a purchase price of $36 million.

On February 28, 2013, the Company granted Crew an option to acquire the balance of its unconventional Montney assets located in northeast British Columbia for a purchase price of $36 million, subject to typical industry adjustments, by way of a combination of cash or common shares of Crew, with a minimum cash component of $10 million. The option contained restrictions on assignment and had to be exercised by Crew on or before June 3, 2013, with a closing to occur on or before July 9, 2013.