CALGARY, AB--(Marketwired - June 01, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that it has entered into a bought-deal financing with a syndicate of underwriters led by Peters & Co. Limited and including FirstEnergy Capital Corp., Scotia Capital Inc., CIBC, National Bank Financial Inc., TD Securities Inc., RBC Capital Markets, and Raymond James Ltd. Tourmaline will issue 3,700,000 common shares ("Common Shares") at a price of $39.50 per [Read more]
Archives for June 2015
ORLEN Upstream Canada Ltd. Announces the Appointment of a New President
CALGARY, ALBERTA--(Marketwired - June 1, 2015) - ORLEN Upstream Canada Ltd. ("ORLEN Upstream Canada" or the "Company") announces the appointment of Matthew J. Rees as President of the Company effective June 1, 2015. The Board of Directors and Management of ORLEN Upstream Canada wish to thank Mr. Andrew Z. Wiacek for his contribution to the development of the Company. Mr. Rees is a Professional Engineer with extensive experience in Western Canadian and International onshore & offshore [Read more]
Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio
CALGARY, ALBERTA--(Marketwired - June 1, 2015) - Bonavista Energy Corporation (TSX:BNP) ("Bonavista") is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.32161 to 1.32739. This increase will be effective on June 15, 2015 (the "Effective Date"). The following are the details of the calculation of the Exchange Ratio: Record Date of Bonavista Dividend [Read more]
Western premiers talking diversification in light of low oil prices
REGINA - Canada's western premiers discussed ways to diversify their economies in light of plunging oil prices during a teleconference call Monday.Saskatchewan Premier Brad Wall was host on the call that was a substitute for the annual western premiers meeting to save time and money.Both he and British Columbia Premier Christy Clark noted that their provinces are heavily reliant on resource revenue, but have had to find other ways to bring in cash with the downturn in energy prices."We're [Read more]
Long Run Exploration Ltd. Announces Amendments to Bank Credit Facilities
CALGARY, ALBERTA--(Marketwired - June 1, 2015) - Long Run Exploration Ltd. ("Long Run" or the "Company") (TSX:LRE) announces amendments to our bank credit facilities. Long Run has completed the semi-annual review of our credit facilities with our bank syndicate and maintained our total credit facilities at $695 million. The credit facilities consist of a $410 million revolving syndicated facility, a $40 million operating facility and a $245 million non-revolving syndicated facility. The [Read more]
TransCanada reaches deals with 3 more B.C. First Nations for pipeline project
PRINCE RUPERT, B.C. - TransCanada Corp. says it has reached project agreements with three more First Nations in northern British Columbia as part of efforts to build a pipeline across the province to a proposed liquefied natural gas terminal on the coast.Specifics of the agreements weren't announced but TransCanada said they provide for annual legacy payments over the commercial life of the Prince Rupert Gas Transmission pipeline plus benefits upon signing and at other milestones.The latest [Read more]
Teekay Offshore to Construct Three Shuttle Tankers to Service New East Coast Canada Contracts
HAMILTON, BERMUDA--(Marketwired - June 1, 2015) - Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) today announced that it has entered into new long-term contracts with a group of companies that includes Chevron Canada, Husky Energy, Mosbacher Operating Ltd., Murphy Oil, Nalcor Energy, Statoil and Suncor Energy to provide shuttle tanker services for their East Coast Canada oil production. These 15-year contracts, plus extension options, will initially be [Read more]
Pine Cliff Completes Acquisition of Core Area Assets and Provides Credit Facility Update
CALGARY, ALBERTA--(Marketwired - June 1, 2015) - Pine Cliff Energy Ltd. ("Pine Cliff") (TSX VENTURE:PNE) is pleased to announce that the previously announced acquisition of oil and natural gas assets in both of its Southern core area and its Carrot Creek/Edson core area ("Carrot Creek/Edson Assets") in the Province of Alberta, has closed (the "Acquisition"). The cash consideration for the Acquisition has been reduced from $15.94 million to $14.1 million, prior to any adjustments, as a result of [Read more]
Yoho Resources Inc. Announces Fiscal Q2 2015 Financial Results, Update of Operations, Update of Duvernay Strategic Options Review and $15 Million Private Placement Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - June 1, 2015) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) has filed today on SEDAR the financial statements for the six months ended March 31, 2015 and the related managements' discussion and analysis ("MD&A"). Copies of these documents may be found on www.sedar.com. Yoho also announces an update of operations, an update to the Duvernay strategic options review and a $15 Million private placement bought deal [Read more]
Tourmaline Provides Operations and Financial Update in Advance of June 3, 2015 Annual Meeting
CALGARY, AB--(Marketwired - June 01, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to provide an operational and financial update. EP PROGRAM UPDATE Tourmaline currently has six rigs active post-break-up and plans to activate the remaining 10 rigs in early July. Continued optimization of recently expanded facilities has allowed the Company to increase production through-put and allowed the Company to defer planned 2H 2015 facility expansions at Wild [Read more]