CALGARY, ALBERTA--(Marketwired - June 30, 2015) - Pan Orient Energy Corp. ("Pan Orient") (TSX VENTURE:POE) is pleased to report that all resolutions (appointment of auditor, number of directors, election of directors, re-approval of the stock option plan, confirmation of a new by-law relating to advance notice of director nominations and ratification of the shareholder rights plan) at its June 29, 2015 Annual and Special Meeting of Shareholders were approved by over 93% of votes cast. A new [Read more]
Archives for June 2015
TransCanada Lists Series 4 Preferred Shares
CALGARY, ALBERTA--(Marketwired - June 30, 2015) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Corporation) announced today that 5,466,595 of its 14,000,000 fixed rate Cumulative Redeemable First Preferred Shares, Series 3 (Series 3 Shares) were tendered for conversion into floating-rate Cumulative Redeemable First Preferred Shares, Series 4 (Series 4 Shares). As a result of the conversion TransCanada has 8,533,405 Series 3 Shares and 5,466,595 Series 4 Shares issued and [Read more]
Striker Exploration Corp. Announces Renewal of Banking Facilities
CALGARY, ALBERTA--(Marketwired - June 29, 2015) - Striker Exploration Corp. ("Striker" or the "Company") (TSX VENTURE:SKX) is pleased to announce as a result of the scheduled review by Striker's syndicate of Canadian chartered banks, the aggregate lending limit of the existing banking facilities remain unchanged at $55 million. The facilities consist of a $40 million revolving term facility, plus a $15 million revolving operating facility. Both facilities are to be reviewed by the lending [Read more]
Cenovus sells royalty business for $3.3 billion
Sale to significantly strengthen company's balance sheet CALGARY, June 30, 2015 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached an agreement to sell Heritage Royalty Limited Partnership (HRP), a wholly-owned subsidiary, to Ontario Teachers' Pension Plan (Teachers') for gross cash proceeds of approximately $3.3 billion. HRP holds approximately 4.8 million gross acres of royalty interest and mineral fee title lands in Alberta, Saskatchewan and Manitoba. In the first quarter of 2015, [Read more]
CNOOC Limited Bozhong 28/34 Oilfields Comprehensive Adjustment Project Commences Production
HONG KONG, June 30, 2015 /CNW/ -- CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced today that its Bozhong 28/34 oilfields comprehensive adjustment project has commenced production. Logo - http://www.prnasia.com/sa/200701301659.jpg The Bozhong 28/34 oilfields are located in Bohai with an average water depth of approximately 22 meters. The project consists of three sub-projects, namely Bozhong 28-2S oilfields comprehensive adjustment project, Bozhong 34-1 oilfield [Read more]
Sun Kwok Ping Files Early Warning Report for Purchase of Common Shares In Sunshine Oilsands Ltd. (the “Company”)
HONG KONG and CALGARY, Alberta, June 30, 2015 /CNW/ -- Mr. Sun Kwok Ping (the "Securityholder") has filed an early warning report dated June 30, 2015 advising of the purchase of 69,329,000 common shares of the Company at an average price of HK$0.9194 per share of representing approximately 1.78% of the outstanding common shares of the Company. The Securityholder has filed the report as a result of the increase in his and any joint actor's holdings from 479,078,000 (12.28%) common shares and now [Read more]
Spotlight on Petrus Resources
Alberta is home to many public oil and gas companies, but also to a wide variety of private oil and gas companies that don't make the news as much as their public counter-parts. With the intention of shedding light on a notable private upstream company, today we at the BOE Report wish to put a spotlight on Petrus Resources. Stay tuned for more company profiles as we seek to spread the word on notable private oil and gas companies in Western Canada. Petrus Resources Petrus Resources Ltd. is [Read more]
Pengrowth Ships First Lindbergh Production on the Husky Sales Line, Reports Continued Strength in Lindbergh Production and Intent to Sell Up to $600 Million of Non-Core Assets
CALGARY, ALBERTA--(Marketwired - June 29, 2015) - Pengrowth (TSX:PGF)(NYSE:PGH) is pleased to report that construction and commissioning of its insulated sales line connecting the Lindbergh commercial facilities with the Husky pipeline, has been completed on time. Production from the commercial facilities has now been tied-in to the sales line, providing Pengrowth with additional transportation/marketing optionality. Pengrowth still retains the option to move production by rail to markets in an [Read more]
Canadian Overseas Petroleum Limited Files Final Short Form Prospectus for Unit Offering
CALGARY, ALBERTA--(Marketwired - June 29, 2015) - NOT FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. Canadian Overseas Petroleum Limited ("COPL" or the "Company") (TSX VENTURE:XOP)(LSE:COPL) has filed a final short form prospectus with the securities regulatory authorities in all of the provinces of Canada, excluding Québec, (the "Qualifying Provinces"), in connection with the [Read more]
Davie welcomes new Quebec Maritime Strategy
LEVIS, QC, June 29, 2015 /CNW Telbec/ - As a leader in the North American maritime industry, Davie applauds the Government of Quebec for its commitment to the sector in its first-ever maritime strategy; which will lead to more jobs and economic prosperity. The maritime strategy that the Quebec government launched today is keenly focused on the sustainability of the maritime industry. "The development of a maritime cluster which extends throughout the maritime industry is a model which has worked [Read more]
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