Donnycreek Energy reports that it has filed on SEDAR its audited financial statements and related Management's Discussion and Analysis for the year ended July 31, 2013 with 2012 comparatives. Selected financial and operational information is outlined below and should be read in conjunction with Donnycreek's audited financial statements and related [...]
Donnycreek Energy reports that its fifth horizontal middle Montney natural gas well at Kakwa 5-23-63-6 W6M has been successfully completed and tested. Following the multistage fracture stimulation, the 5-23 Well (50% working interest) flowed on cleanup recovering approximately 36% of the estimated 47,000 barrels of water used in the slick water [...]
Donnycreek Energy reports the results of its July 31, 2013 Evaluation of Oil and Gas Reserves on its Alberta oil and gas properties, as evaluated by McDaniel & Associates Consultants in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities. A summary of the Company's reserves volumes according to reserve [...]
Donnycreek Energy reports that its fifth Kakwa Montney well has been successfully drilled to a vertical depth of approximately 3,380 metres with approximately 1,461 metres of horizontal wellbore in the middle Montney for a total measured depth (TMD) of approximately 5,017 metres. Drilled to a bottom hole location in 5-23-63-6 W6M (the "5-23 Well [...]
Donnycreek reports that it has become aware of a proposed class action lawsuit filed in the Alberta Court of Queen's Bench against Donnycreek, Donnybrook Energy and certain of their respective directors and officers. The action contains various claims relating to the plan of arrangement involving Donnycreek and Donnybrook completed in November [...]
Donnycreek reports that the Kakwa 14-2-63-6 W6M Upper Montney horizontal well, previously reported as drilled in early 2013, has been successfully completed and flow tested to determine its natural gas and natural gas liquids production potential. The Upper Montney had not previously been tested by Donnycreek, however, other operators have [...]
Donnycreek reports that it has closed a previously announced bought deal offering of 8,000,000 common shares of the Company at a price of $2.10 per Common Share, resulting in gross proceeds of $16,800,000. The Offering was made through a syndicate of underwriters led by RBC Capital Markets and including Paradigm Capital Inc., Beacon Securities [...]
Donnycreek reports that it has engaged a syndicate of underwriters led by RBC Capital Markets in connection with a bought deal offering of 8,000,000 common shares of the Company at a price of $2.10 per Common Share, resulting in gross proceeds of $16,800,000. The net proceeds of the Offering will be used to advance the drilling program at the [...]
Donnycreek Energy reports the results of its interim independent reserve evaluation of the Middle Montney reservoir on the Company's Kakwa, Alberta property at March 31, 2013 conducted in accordance with the COGE Handbook by McDaniel and Associates Consultants. The Company also provides an operational update on its Montney properties in the Alberta [...]