VANCOUVER - Milestones in the Northern Gateway project: March 6, 2002: Calgary-based Enbridge (TSX:ENB) announces preliminary plans for a pipeline linking the Alberta oil sands to the West Coast. April 14, 2005: The company announces a deal with PetroChina Co. to transport oil from Alberta to the B.C. coast for export. The pipeline is expected to be in operation in 2010. Nov. 1, 2006: With the National Energy Board process already underway, Enbridge announces it will delay Northern [Read more]
Archives for June 2014
Baytex Announces Closing of US$800 Million Private Placement Offering of Senior Notes
CALGARY, ALBERTA--(Marketwired - June 6, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) announced today the closing of its private placement offering (the "offering") of senior notes due 2021 (the "2021 Notes") and 2024 (the "2024 Notes" and, together with the 2021 Notes, the "Notes") in an aggregate principal amount of US$800 million. The 2021 Notes were issued at par in an aggregate principal amount of US$400 million, bear interest at a rate of 5.125% per annum and mature on June [Read more]
Bregal Investments completes the sale of Birchill Exploration Limited Partnership
Energy sector continues to provide increased opportunities for investment NEW YORK, June 6, 2014 /CNW/ - Bregal Investments is pleased to announce the sale of privately held Birchill Exploration Limited Partnership to TriOil Resources Ltd. for total proceeds of approximately CAD$256 million. The transaction was pursuant to a share purchase agreement which closed on June 5, 2014 and included approximately 4,000 boepd of production (40% liquids), 2P reserves of 26.6 million boe and bank debt of [Read more]
Artisan Energy Announces an Increase to Its Convertible Debenture Private Placement and Engagement of Richardson GMP as Agent
CALGARY, ALBERTA--(Marketwired - June 6, 2014) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) announces that its non-brokered private placement of up to $5.0 million of secured convertible debentures (the "Convertible Debentures") has been over-subscribed. Artisan and Richardson GMP Limited ("RGMP") have collectively received subscriptions for $5.362 million of the Convertible Debentures. Given the size and level of interest for the Convertible Debentures, [Read more]
EU to soften fuel quality rules, opening door to Canadian crude: Report
The federal government is saying little on a report that the European Union is poised to soften fuel quality rules so products made from Canada's oilsands would not face hefty penalties.The Financial Times is reporting that EU officials have decided to change a draft of a fuel quality directive, something Canadian officials have lobbied their European counterparts to do. Proposed EU environmental legislation would have set heavy penalties on petroleum products made from Alberta's oilsands, [Read more]
RMP Energy Reports Voting Results of Annual and Special Meeting and Announces Increased Bank Lines
CALGARY, ALBERTA--(Marketwired - June 5, 2014) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to report and announce the following: Annual and Special Meeting Voting Results The Company held its annual and special meeting of shareholders (the "Meeting") in Calgary on June 5, 2014. A total of approximately 77,525,750 common shares (approximately 64.5% of the outstanding common shares) were represented at the Meeting in person or by proxy. At the Meeting, shareholders [Read more]
Contact Exploration Announces Closing of Private Placement
CALGARY, ALBERTA--(Marketwired - June 5, 2014) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) is pleased to announce that it has closed its previously announced non-brokered private placement (the "Private Placement") of: (i) 10,256,411 common shares (the "Common Shares") of the Company at an issue price of $0.39 per Common Share; and (ii) 13,700,000 Common Shares issued on a "flow-through" basis respecting the expenditure of Canadian development expenses pursuant to [Read more]
Surge and Longview Complete Previously Announced $430 Million Strategic Business Combination
Surge Announces Upward Revision to 2014 Guidance, and 11 Percent Increase in Dividend CALGARY, June 5, 2014 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) and Longview Oil Corp. ("Longview") (TSX: LNV) are pleased to announce that they have completed their previously announced business combination whereby Surge has acquired all of the issued and outstanding common shares of Longview pursuant to an arrangement under the Business Corporations Act (Alberta) (the "Arrangement"). [Read more]
Hemisphere Energy Kicks Off 5 Well Summer Drill Program
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 5, 2014) - Hemisphere Energy Corporation (TSX VENTURE:HME) ("Hemisphere" or the "Company") is pleased to announce that it has commenced its summer drilling program of five development wells in the Atlee Buffalo area of southeast Alberta. All five horizontal wells are offsetting the Company's first well in Atlee Buffalo, which was drilled in January 2014 and has averaged approximately 90 boe/d (93% oil) over the first four months of production. [Read more]
Bellatrix Exploration Ltd. Announces Closing of $172.6 Million Bought Deal Financing
CALGARY, June 5, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce that it has closed its previously announced bought deal offering of 18,170,000 common shares of the Company (the "Common Shares") at a price of $9.50 per Common Share for aggregate gross proceeds of $172,615,000 (the "Offering"). The Common Shares issued pursuant to the Offering included the exercise in full by the underwriters of the over-allotment option. The [Read more]
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