CALGARY, Dec. 1, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("Penn West"or the "Company") is pleased to announce that it has successfully completed its previously announced divestiture of certain non-core assets located in south central Alberta for proceeds of approximately $355 million, subject to customary closing adjustments. Proceeds from this transaction will be used to reduce outstanding indebtedness on the Company's credit facility. The Company has now completed [Read more]
Archives for December 2014
Husky Announces $200 Million Preferred Share Offering
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2014) - Husky Energy (TSX:HSE)(TSX:HSE.PR.A) has agreed to issue to a syndicate of underwriters led by Scotia Capital Inc. and TD Securities Inc. (collectively the "Underwriters") for distribution to the public 8,000,000 Cumulative Rate Reset Preferred Shares, Series 3 (the "Series 3 Shares"). The Series 3 Shares will be issued at a price of $25.00 per Series 3 Share, for aggregate gross proceeds of $200 million. Holders of the Series 3 Shares will be [Read more]
Pan Orient Energy Corp.: 2014 Third Quarter Financial & Operating Results
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2014) - Pan Orient Energy Corp. ("Pan Orient") (TSX VENTURE:POE) is providing its 2014 third quarter consolidated financial and operating results. Please note that all amounts are in Canadian dollars unless otherwise stated, converted using foreign exchange rates at September 30, 2014 where applicable, and BOPD refers to barrels of oil per day net to Pan Orient. The Corporation is today filing its unaudited consolidated financial statements as at [Read more]
Bellatrix announces strategic $118 million acquisition and increased production guidance
CALGARY, Dec. 1, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce it has completed the acquisition of complementary assets within its core Alder Flats area of west central Alberta (greater Ferrier region) from a senior oil and gas producer for total cash consideration of approximately $118 million. The strategic tuck-in acquisition adds approximately 2,200 boe/d of currently unrestricted production (80% natural gas, 20% liquids), and [Read more]
Petro One Update on Financing and Drilling Program
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 1, 2014) - Petro One Energy Corp. (TSX VENTURE:POP)(FRANKFURT:C6K1) reports that KMDC Resources Ltd. ("Resources"), a subsidiary of Korea Myanmar Development Company Ltd. ("KMDC"), has forfeited 2,600,000 shares and 2,600,000 warrants to the Company pursuant to the arrangement described in the Company's November 3, 2014 news release. The shares and warrants were issued to Resources on October 7, 2014 for $650,000, which the Company will now retain [Read more]
Bonterra Energy Corp. Confirms Cash Dividend for November 2014 Payable December 31, 2014
CALGARY, ALBERTA--(Marketwired - Dec. 1, 2014) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) announces that the November 2014 monthly cash dividend will be $0.30 per share and will be paid on December 31, 2014. The record date for the dividend is December 15, 2014 and the ex-dividend date is December 11, 2014. The dividend is paid monthly and is subject to commodity prices and production levels. The dividend is considered an "eligible dividend" for tax purposes. [Read more]
Pembina Pipeline Corporation Announces 2015 Capital Program of $1.9 Billion, Provides Review of 2014 Accomplishments and Confirms Date for 2015 Investor Day
(All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to earnings before interest, taxes, depreciation and amortization ("EBITDA") which is a financial measure that is not defined by Generally Accepted Accounting Principles ("GAAP"). For more information about EBITDA, see "Non-GAAP Measures" herein.) CALGARY, Dec. 1, 2014 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced that its Board of [Read more]
Connacher Undertakes Review of Capital Structure
CALGARY, Dec. 1, 2014 /CNW/ - Connacher Oil and Gas Limited(CLL – TSX; "Connacher" or the "Company") announced today that its Board of Directors has initiated a process to devise and implement a strategy to address Connacher's liquidity and capital structure. In this regard, BMO Capital Markets has been engaged as the Company's financial advisor to assist the Company in this process. Connacher does not intend to make any further announcements in respect of this matter unless and until its Board [Read more]
CGX Energy Announces Settlement Agreement with Repsol
(TSX-V | OYL) TORONTO, Dec. 1, 2014 /CNW/ - CGX Energy Inc. ("CGX Energy") announced today the settlement of the claims brought against Repsol Exploración, S.A. ("Repsol") relating to the joint operating agreement governing the Georgetown Block (the "Georgetown JOA"), offshore Guyana (the "Settlement"). CGX Resources Inc. ("CGX Resources"), a wholly-owned subsidiary of CGX Energy, commenced an arbitration against Repsol in the London International Court of Arbitration and received an injunction [Read more]
CNOOC Limited – Panyu 34-1/35-1/35-2 Project Commences Production
HONG KONG, Dec. 1, 2014 /CNW/ - CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced today that its Panyu 34-1/35-1/35-2 project commenced production. Panyu 34-1/35-1/35-2 project is located in the Pearl River Mouth Basin of the South China Sea with the water depth in the range of 195-338 meters. The project consists of three gas fields, namely Panyu 34-1, Panyu 35-1 and Panyu35-2. The main production facilities include one comprehensive platform, two sets of underwater [Read more]
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