CALGARY, ALBERTA--(Marketwired - Feb. 4, 2015) - Source Rock Royalties Ltd. ("Source Rock") announces that it has completed the capital call portion of its previously announced brokered private placement through Richardson GMP Limited and concurrent non-brokered private placement (collectively, the "Capital Calls"). Pursuant to the Capital Calls, 3,536,665 common shares of Source Rock ("Common Shares") were issued at price of $1.30 per Common Share for gross proceeds of $4,597,664. Pursuant to [Read more]
Archives for February 2015
Inter Pipeline Ltd. – 2014 Year End Conference Call and Webcast
CALGARY, ALBERTA--(Marketwired - Feb. 4, 2015) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) will announce its year end 2014 financial and operating results on February 19, 2015 and has scheduled a conference call and webcast to begin at 2:30 p.m. (Mountain Time) / 4:30 p.m. (Eastern Time) the same day for interested shareholders, analysts and media representatives. To participate in the conference call, please dial 416-340-2216 or 800-355-4959. A pass code is not required. A [Read more]
Raging River Exploration Inc. Announces the Closing of $88.3 Million Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - Feb. 4, 2015) - Raging River Exploration Inc. ("Raging River" or the "Company") (TSX:RRX) has closed its previously announced bought deal financing. A total of 13,800,000 Raging River common shares have been issued at a price $6.40 per share for gross proceeds of $88,320,000, which included the exercise in full of the over-allotment option granted to the underwriters. The syndicate of underwriters was co-led by Peters & Co. Limited and FirstEnergy Capital [Read more]
Rock Energy Inc. Announces Increase to Bought Deal Financing From $10.0 Million to $13.2 Million
CALGARY, ALBERTA--(Marketwired - Feb. 4, 2015) - Rock Energy Inc. (TSX:RE) ("Rock" or the "Company") is pleased to announce that in connection with the previously announced offering of common shares ("Common Shares"), the Company and the syndicate of underwriters led by Dundee Securities Ltd. and including Acumen Capital Finance Partners Limited, AltaCorp Capital Inc., FirstEnergy Capital Corp., Haywood Securities Inc., National Bank Financial Inc., Paradigm Capital Inc. and GMP Securities L.P. [Read more]
Alberta oilfield services firm Newalta laying off 180 staff to reduce costs
CALGARY - Another Alberta-based company with ties to the oilpatch is laying off staff.Newalta Corporation (TSX:NAL) says it is cutting 180 people from its workforce to reduce costs and improve margins.The Calgary firm says the cuts amount to 15 per cent of its staff.Newalta calls itself North America's leading provider of engineered environmental solutions that enable customers to reduce disposal, enhance recycling and recover valuable resources from oil and gas exploration and production [Read more]
Alberta premier nixes corporate tax hikes to fill budget hole left by low oil
EDMONTON - Premier Jim Prentice says he won't hike corporate taxes to help rescue Alberta's economy from the deep hole created by plunging oil prices."When it comes to corporate tax, other Canadian provinces have caught up to the Alberta Advantage, and I think it would be unwise at this point to increase our corporate income tax," Prentice told reporters Tuesday in a conference call from Washington, D.C."It will simply result in less investment, fewer jobs, and it will contribute to a decline in [Read more]
LGX Oil + Gas Inc. announces results of successful 2014 drilling program
CALGARY, Feb. 3, 2015 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV: OIL) is pleased to provide completion results from late 2014 southern Alberta drilling activity. LGX drilled two horizontal wells into the Big Valley (Three Forks) Formation (12-2-8-24W4 and 6-36-8-24W4). The total capital expenditures for the two wells came in on budget at approximately $14 million. The 12-2 well was drilled with a 1,402 m horizontal lateral and was completed with a 20 stage fracture [Read more]
Suncor Energy appoints new member to Board of Directors
CALGARY, ALBERTA--(Marketwired - Feb. 3, 2015) - Jim Simpson, Chair of the Board of Directors of Suncor Energy, is pleased to announce the appointment of Jacynthe Côté to the company's Board of Directors. Ms. Côté's appointment is effective immediately. "I'm pleased to welcome Ms. Côté to our Board," said Mr. Simpson. "Her extensive corporate experience, particularly in the mining sector, is an asset that will certainly serve Suncor well. I look forward to working with her and other members [Read more]
Rock Energy Inc. Announces $10.0 Million Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - Feb. 3, 2015) - Rock Energy Inc. ("Rock" or the "Company") (TSX:RE) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Dundee Securities Ltd. and including Acumen Capital Finance Partners Limited, AltaCorp Capital Inc., FirstEnergy Capital Corp., Haywood Securities Inc., National Bank Financial Inc., Paradigm Capital Inc. and GMP Securities L.P. (collectively, the "Underwriters"), pursuant to which the [Read more]
Vital Energy Inc.: Drilling Update
CALGARY, ALBERTA--(Marketwired - Feb. 3, 2015) - Vital Energy Inc. ("Vital" or the "Corporation") (TSX VENTURE:VUX) announces the following status update: Pennant Area, S.W. Saskatchewan: The previously announced 2 horizontal well locations at 2A8-15-3A2-15-18-17 W3M and 3D1-15-2D9-15-18-17 W3M have both been drilled, cased and are currently being equipped for production. Production rates will be announced after the wells have been on production for a minimum of 30 days. Based on the [Read more]