Thursday, March 21, 2013

Bellatrix Exploration Ltd. - BXE.t

Bellatrix Exploration Ltd. - BXE.t assets comprise a high-quality portfolio of properties concentrated in key areas of Alberta and Saskatchewan, with some British Columbian assets in the Peace River Arch region.

The company has a multi-year drilling inventory of locations in Alberta, Saskatchewan and British Columbia.






On March 11, 2013 the company released NEWS

Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce the well test results of its most recent long reach Fahler horizontal liquids rich natural gas well.

At Ferrier, the Company drilled its first long reach Fahler horizontal liquids rich natural gas well (100% working interest) to a total depth of 5,205 meters with a horizontal length of 2,845 meters. The well was fracture stimulated in 36 stages and tested at varying rates over a 6 day period from 10 mmcf/d to 30 mmcf/d of natural gas with an estimated 35 bbls of liquids per mmcf of natural gas. The final test rates were 30 mmcf/d of natural gas with an estimated 1,050 bbls/d of liquids at 2,250 psi flowing pressure. Bellatrix tied the well in and it was placed on production in early March at an initial restricted rate of 20.4 mmcf/d of natural gas with an estimated 714 bbls/d of liquids at a flowing pressure of 2,380 ps.


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Tuesday, March 19, 2013

ATAC Resources Ltd. - ATC.v

ATAC Resources Ltd. - ATC.v is advancing the flagship Rackla Gold Project in the Yukon.

The Rackla Gold Project is located 55 km northeast of Keno City covering an area over 1,600 sq km.







On March 19, 2013 the company released NEWS

ATAC Resources Ltd. (TSX-V:ATC) ("ATAC" or "the Company") announces that Agnico-Eagle Mines Limited ("Agnico-Eagle") today entered into a Subscription Agreement with the Company to make an investment of approximately C$13 million in ATAC by way of a non-brokered private placement consisting of Units. Both Boards of Directors have approved the transaction. Upon completion of this transaction, ATAC's cash position will be approximately C$27 million.

Under the terms of the Subscription Agreement Agnico-Eagle will purchase a total of 9,600,000 Units at a price of C$1.35 per Unit. Each Unit will consist of one common share and one-half of one share purchase warrant (each whole share purchase warrant a "Warrant").


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Monday, March 18, 2013

BNK Petroleum Inc. - BKX.t

BNK Petroleum Inc. - BKX.t is focused on the acquisition, exploration, and production of large oil and gas reserves with a strategic focus on Europe. The company has been awarded a total of 2.7 million net acres consisting of 11 concessions in Germany, Poland, and Spain.










On March 17, 2013 the company released NEWS

BNK Petroleum Inc.'s indirect wholly owned subsidiary BNK Petroleum (U.S.) Inc. has entered into a purchase and sale agreement with XTO Energy Inc., a subsidiary of Exxon Mobil Corp., for the sale by BNK U.S. of its Tishomingo field, Oklahoma, assets other than the Caney and upper Sycamore formations, for $147.5-million (U.S.), subject to customary closing adjustments.

Subject to completion of customary conditions, the transaction is expected to close in late April. If the transaction is completed, the proceeds of the sale are expected to be used to accelerate the drilling of Caney wells in the Tishomingo field, the company's exploration efforts in Europe and for repayment of the company's credit facility.
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