CALGARY, Oct 1, 2015 /PRNewswire/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West", "we", "us" or "our") is pleased to announce that it has entered into a definitive agreement for the sale of its non-operated 9.5% working interest in the Weyburn Unit in Southeast Saskatchewan for cash consideration of $205 million, subject to closing adjustments customary in transactions of this nature. We intend to use the proceeds from this disposition to reduce our senior debt. Upon the [Read more]
Archives for October 2015
Penn West Announces The Sale Of Its Non-Operated 9.5% Working Interest In The Weyburn Unit For $205 Million And UpDates Its Annual Production Guidance
CALGARY, Oct 1, 2015 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West", "we", "us" or "our") is pleased to announce that it has entered into a definitive agreement for the sale of its non-operated 9.5% working interest in the Weyburn Unit in Southeast Saskatchewan for cash consideration of $205 million, subject to closing adjustments customary in transactions of this nature. We intend to use the proceeds from this disposition to reduce our senior debt. Upon the completion [Read more]
Sunshine Oilsands Ltd: Announcement of Closing of Private Placement Under General Mandate and Extension of Closing of Private Placement Under Special Mandate and Completion of TSX Delisting
HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Oct. 1, 2015) - Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX:2012) wishes to announce the following: Closing of Private Placement under General Mandate Reference is made to the announcement of the Corporation dated September 21, 2015 (Hong Kong) in relation to the proposed issue of new Class "A" Common Voting Shares ("Shares") to Coherent Gallery International Limited ("Coherent Gallery") under the [Read more]
CUI Global Announces Delivery of First Mercury Trace Element Detector Units to Australia and GasPTi’s to Asian Turbine Operator
TUALATIN, Ore., Oct. 1, 2015 /PRNewswire/ -- CUI Global, Inc. (NASDAQ: CUI) announced today that its wholly-owned UK energy subsidiary, Orbital Gas Systems Ltd., has successfully delivered the first three mercury detection units to a large liquid natural gas ("LNG") project under construction in Australia. The units, valued at almost £300,000 ($450,000 USD), use Orbital's proprietary VE Technology® sampling system to provide a fast and uniquely accurate method of detecting trace elements (like [Read more]
FTTN: Oil Field Service Bargains Offer Potential New Revenue Stream in Market Rebound
LAS VEGAS--(BUSINESS WIRE)--First Titan Corp. (OTCBB: FTTN) believes it has found a lucrative new source of future revenues and is pursuing opportunities in a market some are abandoning: oil field services. Oversupply and falling demand have the oil and gas industry mired in a slump. Oil field service firms have been caught in a vise of too much debt and not enough projects to go around as exploration and production companies cut budgets. This has resulted in industry-wide asset auctions [Read more]
Manitok Energy Inc. Provides A Corporate Update
CALGARY, ALBERTA--(Marketwired - Oct. 1, 2015) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) wishes to provide this update to inform its shareholders of the proactive steps that the Corporation is taking to withstand the current commodity market conditions. The significant, unforeseen drop in energy prices has reduced the value of the Corporation's oil and natural gas reserves, impacting the Corporation's credit facilities, as noted in the [Read more]
Caza Oil & Gas Updates on Financing Discussions
HOUSTON, TEXAS--(Marketwired - Oct. 1, 2015) - Caza Oil & Gas, Inc. ("Caza" or the "Company") (TSX:CAZ)(AIM:CAZA) hereby provides an update regarding the status of its debt facilities with Apollo Investment Corporation ("Apollo"), an investment fund managed by Apollo Investment Management, as well as related financing discussions. As previously disclosed, the Company entered into a Note Purchase Agreement (the "Note Agreement") dated May 23, 2013 with Apollo, pursuant to which Apollo [Read more]
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