Crescent Point Announces Strategic Consolidation Acquisition of Coral Hill Energy Ltd. and Upwardly Revised 2015 Guidance

CALGARY, ALBERTA--(Jul 2, 2015) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (CPG.TO)(CPG.TO) is pleased to announce that it has entered into an arrangement agreement (the "Coral Hill Arrangement") to acquire all of the issued and outstanding shares of Coral Hill Energy Ltd. ("Coral Hill").

Coral Hill is a privately owned, light oil-weighted producer with approximately 3,200 boe/d of high-netback productive capacity, primarily in the Swan Hills Beaverhill Lake resource play. Crescent Point and Coral Hill are partners in this large oil-in-place pool located in west central Alberta. Coral Hill's assets (the "Coral Hill Assets") have a low recovery factor to date and growth potential through horizontal drilling and waterflood implementation. The Coral Hill Assets include more than 500 net sections of land.

Alvopetro Announces Block 182 Discovery

CALGARY, ALBERTA--(Jun 30, 2015) - Alvopetro Energy Ltd. (TSX VENTURE:ALV) is pleased to announce that our 182(B1) well, located on Block 182 in the Recôncavo basin in the State of Bahia, Brazil, has discovered hydrocarbons. The 182(B1) well reached a total measured depth of 2,095 metres. While drilling, inflows of oil and solution gas were experienced into the wellbore from an over pressured hydrocarbon bearing zone at approximately 1722 m MD in the Candeias Formation. The well was controlled, the hydrocarbons were circulated out, the drilling fluid density was increased and the well was drilled to total depth, successfully cased, and cemented. Due to the formation pressures encountered, cased-hole sonic and neutron logs were run. The logs indicate the well has encountered 6 metres of potential conventional hydrocarbon pay in the Agua Grande Formation at 1900 - 1906 m MD, with an average 35% water saturation and porosity range of 10 - 14%. We plan to conduct further cased hole logging and test the hydrocarbon potential of both the Candeias and Agua Grande Formations over 72-hour initial period tests and then long-duration tests in accordance with Brazilian hydrocarbon regulations.

Africa Oil Operations Update

VANCOUVER, BRITISH COLUMBIA--(July 1, 2015) - Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") (AOI.TO)(AOI.ST) is pleased to provide the following update on operations in East Africa.

Progress is being made on the decision regarding the route of the export pipeline with the Technical Consultant having submitted its final feasibility report to the Governments of Uganda and Kenya. It is expected that the Governments will shortly agree on the preferred routing which will enable the next phase of work on the pipeline to progress.

Kenya operations have been focused on the South Lokichar Blocks 10BB and 13T where appraisal drilling and Extended Well Tests (EWT) are continuing. In May, the Amosing EWT commenced and five reservoir zones in the field were tested across two wells, being separately produced in one well while pressure responses were measured in the other well. Production from all five zones was at a combined average constrained rate of 4,300 bopd under natural flow conditions and a cumulative volume of 30,000 barrels of oil was produced into storage.

Tourmaline Oil Corp. to Acquire Mapan Energy Ltd. as It Continues Its Deep Basin Consolidation and Growth Strategy

CALGARY, AB--(Marketwired - June 29, 2015) - Tourmaline Oil Corp. (TOU.TO) ("Tourmaline" or the "Company") is pleased to announce that it has entered into an agreement with Mapan Energy Ltd. (TSX VENTURE: MPG) ("Mapan") pursuant to which Tourmaline will acquire all of the issued and outstanding common shares of Mapan on the basis of 0.0379 of a Tourmaline common share for each Mapan common share. The acquisition will be effected by statutory plan of arrangement (the "Arrangement").

The acquisition price is $105.98 million, comprised of the issuance of approximately 2.73 million Tourmaline common shares before taking into account an estimated $16.1 million of positive working capital including $13.3 million in cash and cash equivalents as at May 31, 2015, and transaction costs of approximately $4.3 million.