Pacific Rubiales Agrees to Acquire C&C Energia and Create a New Exploration Company

Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC; BOVESPA: PREB) is pleased to announce it has entered into an arrangement agreement with C&C Energia Ltd. (TSX:CZE.TO - News) whereby Pacific Rubiales will acquire all of the common shares of C&C Energia (the "Arrangement Agreement").

Pursuant to the Arrangement Agreement, on closing of the acquisition each common share of C&C Energia will be exchanged for 0.3528 common shares of Pacific Rubiales and one common share of a new exploration company ("Newco").  The offer values C&C Energia at approximately Cdn.$7.81 per share, representing a premium of approximately 21% to the 20-day volume-weighted price on the Toronto Stock Exchange of C&C Energia as at November 16, 2012.

Published: 19 November 2012
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Long Run Exploration Ltd. Announces Sale of Non-Core Assets and Provides Capital Guidance for 2013

Long Run Exploration Ltd. ("Long Run" or the "Company") (LRE.TO) is pleased to announce that it has signed a definitive purchase and sale agreement (the "Agreement") to sell certain non-core assets for total cash proceeds of approximately $180 million, before any closing adjustments. 

The non-core assets include the Company''s Viking interests located in the Plato / Dodsland / Lucky Hills areas of Saskatchewan. These assets are currently producing approximately 1,900 boe per day (1,800 barrels per day of crude oil and 600 mcf per day of natural gas, based on field estimates). 

Published: 16 November 2012
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Exall Energy Corporation announces results for the three and nine months ended September 30, 2012

Exall Energy Corporation ("Exall " or the "Company") (TSX:EE EE.DB) is pleased to announce its International Financial Reporting Standards ("IFRS") compliant financial and operating results for the three and nine months ended September 30, 2012.  Exall's public filings can all be found at www.exall.com or www.sedar.com.

Highlights:

Spartan Oil Corp. Announces Current Production in Excess of 4,000 boepd and Record Third Quarter Cash Flow of $12.9 Million

 
CALGARY, ALBERTA--(Marketwire - Nov. 14, 2012) - Spartan Oil Corp. ("Spartan" or the "Company") (TSX:STO), is pleased to report its financial and operating results for the three and nine months ended September 30, 2012 along with this operational update. Selected financial and operational information is outlined below and should be read in conjunction with Spartan's interim financial statements and the related management discussion and analysis which are available for review at www.sedar.com or on the Company's website at www.spartanoil.ca.
Published: 14 November 2012
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ConocoPhillips Acquires Adjoining Acreage for $171.93/Acre

Great Bear Increases Shale Position

Royale Energy, Inc. (ROYL) announced the state of Alaska has published the results of Alaska's North Slope Areawide 2012W Lease Sale. Among many encouraging results was the award of Apparent High Bidder on Block 749 to ConocoPhillips (COP) with a bid of $171.93 per acre. This block is immediately adjacent to Royale's Block 613, part of 33,736 acres in the company's Colville River holdings and part of Royale's overall 91,060 acre holdings on state acreage on the North Slope. Royale's overall average cost per acre is $27.21 and the cost of block 613 was $20.10 per acre.

Published: 14 November 2012
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