CALGARY, May 31, 2016 /CNW/ - Enerplus Corporation ("Enerplus" or the "Company") (TSX: ERF, NYSE: ERF) is pleased to announce that it has closed the equity offering (the "Offering") previously announced on May 10, 2016. Upon closing of the Offering, a total of 33,350,000 common shares were issued at a price of C$6.90 per share for gross proceeds of C$230,115,000. This includes 4,350,000 common shares issued pursuant to the exercise by the underwriters of the over-allotment option in full. The [Read more]
Archives for May 2016
Tuscany Reports Financial and Operating Results for the Three Months Ended March 31, 2016
CALGARY, ALBERTA--(Marketwired - May 31, 2016) - Tuscany Energy Ltd. (TSX VENTURE:TUS) - Tuscany is pleased to report on its financial and operating results for the three months ended March 31, 2016. Financial The three months ended March 31, 2016 has continued to be difficult for energy producers, and the low price for heavy oil in Canada resulted in a decline in Tuscany's financial and operating results. A 33% decline in production combined with a 45% decline in oil price and a 29% decline [Read more]
High-tech oilfield employees feel oil price punches in different ways
CALGARY - In the high stakes world of high-technology oilfield services, low oil and gas prices are hitting Calgary's two largest publicly traded players, Pason Systems (TSX:PSI) and Computer Modelling Group (TSX:CMG), in vastly different ways.Pason, which builds and rents sensitive instrumentation systems attached to most of the drilling rigs in North America, has eliminated 350 employees, about 38 per cent of its staff, in the past 12 months, to cope with severe cutbacks in drilling [Read more]
Manitok Energy Inc. Announces Financial Results for the First Quarter of 2016 and an Operational Update
CALGARY, ALBERTA--(Marketwired - May 31, 2016) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) announces its financial and operating results for the first quarter of 2016 and provides an operational update. The full text of Manitok's first quarter results are contained in its unaudited condensed interim financial statements as at and for the three months ended March 31, 2016 and the related management's discussion and analysis, copies of which are available [Read more]
Too many unknowns to recommend fracking in western Newfoundland: review panel
ST. JOHN'S, N.L. - There are too many science, technology and risk-assessment gaps to green-light fracking in western Newfoundland, says a panel that studied the contentious oil-extraction process.In a report released Tuesday, it recommends the province continue its freeze on fracking applications until major questions are answered."The science, the studies that have been done, have been somewhat limited — certainly limited compared to what we'd expect to have done in order to plan this kind of [Read more]
Pengrowth Receives Regulatory Approval for the 17,500 Barrel Per Day Second Commercial Phase of the Lindbergh Thermal Project
CALGARY, ALBERTA--(Marketwired - May 30, 2016) - Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) today announced that it has received the anticipated Environmental Protection and Enhancement Act (EPEA) approval for the 17,500 barrel per day (bbl per day) second commercial phase of its Lindbergh thermal project. The approval contains no conditions that materially change the estimated cost, scope or timing of the project. This approval marks the culmination of approximately 30 months of project [Read more]
LGX Oil + Gas Inc. announces first quarter 2016 results
CALGARY, May 30, 2016 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV:OIL) is pleased to announce it has filed on SEDAR its unaudited financial statements and related Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2016. Selected financial and operational information is outlined below and should be read in conjunction with LGX's unaudited financial statements and the related MD&A which are available for review at www.lgxoil.com or [Read more]
Harvest Operations Announces Extension of Early Tender Time for Exchange Offer and Consent Solicitation
CALGARY, ALBERTA--(Marketwired - May 30, 2016) - Harvest Operations Corp. ("Harvest") today announced an amendment to its previously announced offer to exchange (the "Exchange Offer") any and all of its outstanding 67/8% Senior Notes due 2017 (the "Old Notes") for new 2.33% Guaranteed Notes due 2021 (the "New Notes") issued by Harvest and unconditionally and irrevocably guaranteed (such guarantee, the "Guarantee") by Korea National Oil Corporation ("KNOC") and related consent solicitation (the [Read more]
Saskatchewan facing $1B resource revenue shortfall, says Premier Wall
REGINA - Saskatchewan Premier Brad Wall says the province is facing a $1 billion shortfall in resource revenue.Wall made the comment in the legislature Monday while defending cuts to heritage language schools as part of a review of all spending.The premier says the government has to focus on core services.Finance Minister Kevin Doherty says that billion-dollar shortfall in resource revenue is a big hole to fill.Doherty says everything is on the table and the government has had to make some tough [Read more]
Canadian Spirit Resources Inc. Announces First Quarter 2016 Financial Results
CALGARY, ALBERTA--(Marketwired - May 30, 2016) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI)(OTCBB:CSPUF) announces the release of its interim financial results and Management Discussion and Analysis ("MD&A") for the three month period ended March 31, 2016. This news release summarizes information contained in the unaudited interim condensed financials statements and MD&A for the three month period ended March 31, 2016 and should not be considered a [Read more]
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