Western Energy Services Corp. Announces Strategic Acquisition of IROC Energy Services Corp.

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Western Energy Services Corp. ("Western") (TSX: WRG) and IROC Energy Services Corp. ("IROC") (TSX Venture: ISC) are pleased to announce that they have entered into an arrangement agreement (the "Arrangement Agreement") to combine Western's premier contract drilling fleet with IROC's industry leading well servicing fleet and oilfield equipment rental business (the "Transaction").  The combined company will operate one of the newest fleets of equipment in each of its respective service lines.  The quality of the equipment, coupled with their operational excellence, is evident in that both companies currently yield one of the highest rig utilizations in each of their respective industry segments.

Published: 22 February 2013
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Gran Tierra Energy Tests 1,984 Barrels of Oil per Day (18.5 Degree API) with Peru Discovery Well

Planning Horizontal Sidetrack to Implement Long Term Test and Bring New Oil to Market

Gran Tierra Energy Inc. ("Gran Tierra Energy") (NYSE MKT: GTE, TSX: GTE), a company focused on oil exploration and production in South America, today provided updates for its exploration drilling in Peru.

"Gran Tierra Energy has successfully completed initial testing of the Bretaña Norte 95-2-1XD exploration well in Peru at rates that far exceeded expectations. We are currently planning to extend the  Bretaña Norte 95-2-1XD exploration well with a horizontal leg, with operations expected to commence by the end of February, to initiate long term testing and to fast-track first production from the Bretaña discovery," said Dana Coffield, President and Chief Executive Officer of Gran Tierra Energy.

Published: 21 February 2013
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Twin Butte Energy Confirms February Dividend Payment

Twin Butte Energy Ltd. (TSX:TBE) ("Twin Butte" or the "Company") confirms that its cash dividend in respect of February 2013 production will be $0.016 per share. The eligible dividend will be paid on March 15, 2013 to shareholders of record on February 28, 2013. The ex-dividend date is February 26, 2013. These dividends are designated as "eligible dividends" for Canadian income tax purposes.

Published: 15 February 2013
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Sterling Resources responds to unsolicited takeover bid

 

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Sterling Resources Ltd. (TSX-V:SLG.V - News) ("Sterling" or the "Company") confirms that it is aware of the announcement by Vitol Anker International B.V. ("Vitol") that Vitol intends to make an unsolicited offer for all of the outstanding common shares (the "Shares") of Sterling at a price of $0.85 per Share.

Sterling has been in ongoing discussions with Vitol regarding a potential transaction that the Board of Directors of Sterling (the "Board") believes could be in the best interests of Sterling shareholders and that would also provide Sterling with additional interim funding. Sterling has also had discussions with third parties on other potential transactions including business combinations, sales of subsidiaries and assets and additional financing opportunities.

Published: 13 February 2013
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Nexen Announces All Required Regulatory Approvals Received

Nexen Inc. ("Nexen", TSX, NYSE: NXY) announced today that Nexen has received approval from the Committee on Foreign Investment in the United States (CFIUS) with respect to the proposed acquisition of Nexen by CNOOC Limited, and now has all of the requisite approvals to proceed to close.

The transaction is expected to close the week of February 25, 2013 and remains subject to customary closing conditions.

The letter of transmittal for the acquisition of common shares will be mailed to registered shareholders shortly and is also available on Nexen's website. For more information common shareholders may visit www.nexeninc.cominvestorinfo.

Published: 12 February 2013
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