Crown Point Agrees to Revised Terms for US$15 Million Equity Financing, Closes First Tranche and Appoints Two New Board Me

CALGARY, ALBERTA--(Marketwired - Dec 22, 2014) - Crown Point Energy Inc. (TSX VENTURE:CWV) ("Crown Point" or the "Company") today announced that due to current market conditions it has amended the terms of its previously announced US$15 million private placement of common shares to two new strategic investors, Liminar Energia S.A. and GORC S.A. (the "Investors"). Crown Point also announced that it has closed the first tranche of the financing and has appointed two nominees of the Investors to its Board of Directors.

"This is a transformative development for Crown Point," said Murray McCartney, CEO of Crown Point. "This financing will help us to realize the full potential of our exploration and development efforts in Argentina. It will provide the necessary capital to expand on the success of our current drilling program, allowing us access to new development, production and reserve opportunities."

Canacol Announces Acquisition of VIM 5 and VIM 19 E&P Contracts and Clarinete Gas Discovery in the Lower Magdalena Valley of Colombia

CALGARY, ALBERTA--(Dec 18, 2014) - Canacol Energy Ltd. ("Canacol" or the "Corporation") (CNE.TO)(CNNEF)(BVC:CNEC) is pleased to announce that CNE Oil and Gas S.A., a subsidiary of the Corporation, has acquired 100% interest in the VIM 5 and VIM 19 Exploration and Production ("E&P") contracts from OGX Petroleo E Gas S.A. The National Agency of Hydrocarbons of Colombia ("ANH") has formally approved the transfer of title and operatorship of the E&P contracts to CNE Oil & Gas S.A. Both contracts are located adjacent to the Corporation's 100% operated Esperanza and VIM 21 gas contracts in the Lower Magdalena Basin of Colombia. The ten prospects and leads identified within the VIM 5 and 19 contracts contain a significant volume of prospective resource (note tabulated volumes by prospect below) assuming all prospects are drilled according to a July 2014 NI-51-101 compliant report from Gaffney Cline and Associates ("GCA").

Raging River Exploration Inc. Achieves 2014 Exit Production, Announces 2015 Budget of $175 Million Capital Program Resulting in 24% Increase in Average Daily Production

CALGARY, ALBERTA--(Marketwired - Dec. 16, 2014) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Raging River Exploration Inc. ("Raging River" or the "Company") (RRX.TO) is pleased to announce that it achieved its exit guidance of 12,750 boe/d during the first two weeks of December. As a result of our continued success, we now expect fourth quarter 2014 production to be approximately 12,000 boe/d resulting in an increase to our average 2014 production guidance to 10,600 boe/d from 10,500 boe/d.

2014 has been a record year for Raging River, increasing production by approximately 5,000 boe/d and generating 66% production per share growth. This was accomplished without raising equity while spending our cash flow and slightly increasing the debt to trailing cash flow ratio to 0.8 times from 0.7 times.

Repsol to Acquire Talisman Energy for US$8.00 Per Common Share In All-Cash Transaction

CALGARY, ALBERTA--( Dec 16, 2014) - Highlights:

• All-cash price of US$8.00 (C$9.33) per Talisman common share delivers significant and immediate value to Talisman common shareholders.
• The purchase price for common shares represents a 75% premium to the 7-day volume weighted average share price and a 60% premium to the 30-day volume weighted average price.
• A cash price of C$25 plus accrued and unpaid dividends per Talisman preferred share if holders approve their participation in the transaction.
• The transaction has received the unanimous approval of Talisman's and Repsol's boards of directors.
• Repsol and Talisman together will create a bigger, better, more competitive and more diversified global energy company. The combined company will produce over 680 mboe/d, have refining capacity of 1 mboe/d, and have a presence in over 50 countries with 27,000 employees.