Venoco, Inc. Announces Advanced Financing Discussions

Venoco, Inc. (VQ) announced today that it has been informed by Denver Parent Corporation ("DPC"), an affiliate of Timothy Marquez, Venoco's Executive Chairman, that DPC is engaged in advanced discussions regarding the financing of the merger contemplated by the merger agreement among Venoco, Mr. Marquez, DPC and another affiliate of Mr. Marquez (the "Merger Agreement").

DPC has advised Venoco that it expects the $436.5 million financing package to consist of a $21.5 million initial draw on a new first lien revolving credit facility with an initial borrowing base of $125 million, a $175 million second lien term loan at Venoco, an asset sale from Venoco to DPC in the amount of $210 million and capital raises by DPC in the amount of $240 million, including a volumetric production payment on the assets sold to DPC by Venoco.

Published: 16 August 2012
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Spartan Oil Corp. Announces Record Production and Cash Flow in the Second Quarter of 2012

Spartan Oil Corp. ("Spartan" or the "Company") (TSX:STO), is pleased to report its financial and operating results for the three and six months ended June 30, 2012. 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.

ACHIEVEMENTS AND HIGHLIGHTS

The second quarter of 2012 represented an important milestone for Spartan in that it marked the Company's first full year of operations. During that year, Spartan has grown from a company with a small production base characterized by high operating costs into a high growth company with some of the lowest operating costs in its peer group.

Published: 14 August 2012
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DeeThree Announces Second Quarter Results and Increased 2012 Guidance on Continued Bakken and Belly River Drilling Success

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DeeThree Exploration Ltd. ("DeeThree" or the "Company") (DTX.TO) (DTHRF) is pleased to announce its financial and operational results for the three and six months ended June 30, 2012. DeeThree continued to deliver impressive financial and operating results during the three months ended June 30, 2012. Highlighting the strength of our oil targets in the Lethbridge Alberta Bakken and Brazeau Belly River properties, DeeThree increased its operating netback per barrel to $30.86 in the second quarter of 2012, being a 25% increase as compared to the first quarter of 2012.

Published: 14 August 2012
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PetroBakken Announces Second Quarter Funds Flow From Operations of $121 Million and 15 Drilling Rigs Currently Operating

PetroBakken Energy Ltd. (the "Company" or "PetroBakken") (TSX:PBN) is pleased to announce our second quarter financial and operating results.

FINANCIAL & OPERATING HIGHLIGHTS

(In this press release, quarterly comparisons are second quarter 2012 compared to second quarter 2011, and the first half of 2012 compared to the first half of 2011 unless otherwise noted.)

Gran Tierra Energy Inc. Announces Second Quarter 2012 Results and a Material Increase in Reserves at its Costayaco Field, Colombia

Quarter Highlighted by Costayaco Reserve Growth

Gran Tierra Energy Inc. ("Gran Tierra Energy") (NYSE MKT: GTE, TSX: GTE), a company focused on oil and gas exploration and production in South America, today announced its financial and operating results for the quarter ended June 30, 2012, in addition to an independent mid-year reserve update for the company's largest asset, the Costayaco Field in Colombia.  All dollar amounts are in United States dollars unless otherwise indicated.

Published: 08 August 2012
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