CALGARY, ALBERTA--(Marketwired - Nov. 5, 2014) - DEETHREE EXPLORATION LTD. ("DeeThree") ("Company") (TSX:DTX)(OTCQX:DTHRF) is pleased to release an operational update and its financial and operational results for the quarter ended September 30, 2014. FINANCIAL AND OPERATIONAL HIGHLIGHTS Financial and operational highlights for the interim period ended September 30, 2014 with comparative data for 2013 are set out below and should be read in conjunction with the financial statements and [Read more]
Archives for November 2014
ARC Resources Ltd. announces an $875 million capital program for 2015 and sets the stage for continued profitable growth beyond 2015
CALGARY, Nov. 5, 2014 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") announced today that its Board of Directors has approved an $875 million capital program for 2015 directed at high value oil and liquids-rich gas development and low cost Montney natural gas assets. ARC expects annual average production growth of approximately 10 per cent in 2015. Myron Stadnyk, ARC's President and Chief Executive Officer, said, "We are fortunate to be rich in profitable opportunities, which create a [Read more]
ARC Resources Ltd. reports record third quarter production and strong financial results
CALGARY, Nov. 5, 2014 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its third quarter 2014 operating and financial results. Third quarter production averaged a record 115,530 boe per day and funds from operations were $284.2 million ($0.89 per share). ARC's unaudited Condensed Interim Consolidated Financial Statements and Notes, as well as ARC's Management's Discussion and Analysis ("MD&A") for three and nine months ended September 30, 2014 and 2013, are available on [Read more]
Rock Energy Inc. Reports Strong Q3 2014 Results, Increases Capital Spending and Provides Guidance for 2015
CALGARY, ALBERTA--(Marketwired - Nov. 5, 2014) - Rock Energy Inc. (TSX:RE) ("Rock" or the "Company") is pleased to report its financial and operating results for the three and nine months ended September 30, 2014. Rock is a Calgary-based crude oil exploration, development and production company. Rock has filed its unaudited condensed interim Consolidated Financial Statements for the period ended September 30, 2014 and related Management's Discussion and Analysis ("MD&A"). Copies of Rock's [Read more]
MEG Energy Announces Agreement to Expand and Extend Credit Facility
CALGARY, ALBERTA--(Marketwired - Nov. 5, 2014) - MEG Energy Corp. (TSX:MEG) ("MEG") today announced that it has expanded its senior secured revolving credit facility from US$2.0 billion to US$2.5 billion and has extended the maturity of the revolving credit facility by one year to 2019. The transaction was completed through an amendment of MEG's credit agreement, entered into with its existing syndicate of lenders. The revolving credit facility retains its covenant-lite structure and is [Read more]
Saturn Minerals Executes LOI on Farm Out of Saskatchewan Williston Basin Little Swan Oil Property
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 5, 2014) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") announces that it has executed a Letter of Intent ("LOI") with Bayhorse Silver Inc. ("Bayhorse") whereby Bayhorse can earn 50% of Saturn's 50% interest in the 253,920 acre EP-71, the Little Swan oil & gas prospect ("Little Swan") in Saskatchewan's northern Williston Basin. Farm Out Terms As per the terms of the LOI, Saturn and Bayhorse will enter [Read more]
No bidders for latest four parcels of Nova Scotian offshore oil and gas lands
HALIFAX - There are no bidders for the latest four deepwater parcels put on the auction block by the Canada-Nova Scotia Offshore Petroleum Board.The sites on the eastern Scotian Slope of the province's offshore were put up for auction by the regulator on May 5.Bidding closed at the end of last month.BP and Shell (TSX:SHC) are continuing to work on their offshore exploration of deepwater properties.In May, the province announced it would spend $12 million over four years to fund research to [Read more]
Saudi move to discount oil signals trouble for OPEC, could mean period of low fuel prices
VIENNA - Saudi Arabia showed little concern for fellow OPEC members by unilaterally cutting its oil prices to the U.S. this week, a move that casts doubts on the cartel's credibility and its ability to find a common plan to stabilize the slumping energy market.And while OPEC struggles to find consensus, oil prices risk remaining low — or falling further — to the benefit of consumers and businesses in the U.S. and worldwide.OPEC is already riven by differences among its members on what the ideal [Read more]
Exall Energy Corporation provides refinancing update
CALGARY, Nov. 5, 2014 /CNW/ - Exall Energy Corporation ("Exall" or the "Company") (TSX:EE and TSX:EE.DB) announced today that in order to complete the previously announced refinancing (see October 6, 2014 press release), it has entered into a forbearance agreement ("Forbearance Agreement") with its current senior Canadian lender. The Forbearance Agreement allows for a monitor to report on, amongst other information, the progress relating to the refinancing under a monitoring agreement [Read more]
Seven Generations Completes $931.5 Million Initial Public Offering
CALGARY, Nov. 5, 2014 /CNW/ - Seven Generations Energy Ltd. (TSX:VII) (the "Company" or "7G") is pleased to announce that it has completed its previously announced initial public offering (the "Offering") of 51.75 million common shares (including 6.75 million common shares issued pursuant to the previously announced exercise in full of the over-allotment option) at $18 per common share for aggregate gross proceeds to 7G of $931.5 million. The underwriting syndicate was co-led by RBC Capital [Read more]