Tuscany's 2014 Year End Reserves Increase 27% to 2.86 Million BOE; NPV10 Increases 58% to $61.9 MM on Higher Reserves and Lower Operating Costs

CALGARY, ALBERTA--(Mar 2, 2015) - Tuscany Energy Ltd. (TSX VENTURE:TUS) ("Tuscany" or the "Company") is pleased to announce the results of its independent reserves evaluation and estimate effective December 31, 2014. Conducted by McDaniel and Associates Consultants Ltd. ("McDaniel"), the reserves report (the "McDaniel Report") shows growth year-over-year in both reserve volumes and net present value.

2014 Highlights

• 58% increase in net present value to $61.9 MM (before tax NPV10, up from $39.2 MM in 2013)

  Published: 02 March 2015

  Written by Editor

  Financial Results   Up on News   TSXV  

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Mart Enters Non-Binding Letter of Intent for Sale of the Company

CALGARY, ALBERTA--( Mar 2, 2015) - Mart Resources, Inc. (MMT.TO) ("Mart" or the "Company") announces that it has entered into a letter of intent (the "Letter of Intent") with Midwestern Oil and Gas Company Limited, the operator of and one of Mart's co-venturers in the Umusadege field ("Midwestern"). The Letter of Intent sets out the intention of the Company and Midwestern (collectively, the "Parties"), on a non-binding basis, to use good faith efforts to negotiate and enter into a definitive agreement (the "Definitive Agreement") pursuant to which Midwestern would agree to acquire all of the issued and outstanding shares of Mart for cash consideration of CAD$0.80 per common share (the "Proposed Offer Price") by way of a plan of arrangement (the "Proposed Transaction"). The Proposed Offer Price represents a 40.3% premium to the closing price and a 28% premium to the 20 day VWAP price of Mart's common shares on the Toronto Stock Exchange on February 27, 2015, the last trading day for Mart's common shares prior to the date of this announcement.

Northern Oil and Gas, Inc. Announces 2014 Fourth Quarter and Full Year Results

WAYZATA, Minn., Feb. 26, 2015 -- Northern Oil and Gas, Inc. (NYSE MKT: NOG) today announced 2014 fourth quarter and full year results, year-end proved reserves, and 2015 production and capital budget guidance.

2014 HIGHLIGHTS

• Annual production increased 29% to 5.8 million barrels of oil equivalent ("Boe"), or 15,794 average Boe per day
• Fourth quarter production increased 29% year-over-year to 17,985 average Boe per day
• 2014 oil and gas sales increased 17% to $431.6 million
• Proved reserves increased 20% to 100.7 million Boe and pre-tax PV-10 reached $1.7 billion

  Published: 27 February 2015

  Written by Editor

  AMEX   Financial Results   Up on News  

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Junex Records a Steady Rate of 316 Barrels of Oil Per Day in its Galt No. 4 Horizontal Well

QUEBEC CITY, QUEBEC--(Feb 23, 2015) - Junex Inc. (TSX VENTURE:JNX) ("Junex" or the "Company") is very pleased to announce that a steady production rate of 316 barrels of oil per day ("BOPD") was recorded over the most recent five days of its latest phase of production testing in its Galt No. 4 Horizontal well. This phase started on February 9, 2014, with the maximum oil production rate over a 24-hour period since this date attaining 396 BOPD.

"Respecting our plan published in our February 2^nd press release, we proceeded with our oil production testing program and removed the restriction in our surface pumping equipment. Once again, our milestone oilwell responded beyond our expectations and attained a steady rate of 316 BOPD, which is substantially greater than the 161 BOPD rate published in our January 27^th press release. Furthermore, the well's pressure regime demonstrates the large extent of this oil accumulation." stated Mr. Peter Dorrins, Junex's President & Chief Executive Officer.