CALGARY, ALBERTA--(Marketwired - May 30, 2016) - 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, 2016 and the related managements' discussion and analysis ("MD&A"). Copies of these documents may be found on www.sedar.com. Highlights Yoho's production during fiscal Q2 2016 averaged 621 boe per day (23% oil and natural gas liquids ("NGL")), compared to fiscal Q2 2015 production of 1,731 [Read more]
Archives for May 2016
Whitecap Resources Inc. Closes $470 Million Bought Deal Financing
CALGARY, May 30, 2016 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has completed its previously announced bought deal financing (the "Offering"). Pursuant to the offering, Whitecap issued a total of 51,087,000 subscription receipts of Whitecap ("Subscription Receipts") at a price of $9.20 per Subscription Receipt for gross proceeds of approximately $470 million. The syndicate of underwriters is led by National Bank Financial Inc. and TD [Read more]
Energy education is sorely needed: A primer in weighing the alternatives
The energy business presents a challenge for the media to cover. Energy is wildly complex while the energy reporting business tends to have attention deficit disorder, or worse. Of course some other businesses are complex as well, but few have so many technical, economic and political aspects that are so globally intertwined. Specific aspects are also completely different. Natural gas is far different than oil, downstream businesses have more to do with chemical processing and marketing [Read more]
University of Tulsa’s Master of Energy Business offers students chance to advance energy industry careers
The oil and gas industry experienced a sharp decline in activity as a result of low commodity prices. Many people employed in the industry are worried about keeping their jobs or, if they have already been let go, what to do next. From land mangers to engineers, to rig hands to project managers; everyone continues to hope for a turnaround. There are ways however, people can be proactive and set themselves apart to have a better understanding of the entire energy industry and thus increase their [Read more]
Suncor restoring more oilsands operations, additional 3,500 workers to return
CALGARY - Suncor says it expects to restore more of its oilsands production by the end of this week.The Calgary-based company says start up activities have begun at its oilsands base plant north of Fort McMurray, Alta.Suncor also expects its MacKay River extraction site will be producing by the end of this week.It has already restarted its Firebag extraction facility, 120 kilomitres northeast of the base plant.Suncor says it has moved more than 4,000 employees and contractors back into the [Read more]
Hemisphere Energy announces Q1 2016 financial and operating results
TSX-V: HME VANCOUVER, May 30, 2016 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") announces its financial and operating results for the three months ended March 31, 2016. Q1 2016 Highlights Achieved quarterly production averaging 508 boe/d (81% oil). Realized a $2.73/boe operating netback with a challenging commodity price environment and an average WTI price of $33.45 ($US/bbl). Reduced operating costs to $11.45/boe, a 15% decrease from the [Read more]
Suncor Energy announces restart of RMWB operations
CALGARY, ALBERTA--(Marketwired - May 29, 2016) - Suncor today announced it has begun the safe and staged restart of its operations in the Regional Municipality of Wood Buffalo (RMWB) with initial production from its Firebag in situ facility early last week. Start-up activities are well underway at Base Plant and the MacKay River in situ facility and, subject to conditions in the region, Suncor expects initial production by the end of this week. Suncor has moved over 4,000 employees and [Read more]
Delphi Energy Announces Banking Update
CALGARY, ALBERTA--(Marketwired - May 27, 2016) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") reports an extension to its annual borrowing base review with its senior lenders. Delphi and the lenders under its senior credit facility entered into an amending agreement dated May 27, 2016, which, among other things, reduced the aggregate availability of such facility from $132.5 million to $115 million, consisting of a $105 million extendable revolving term credit facility and a $10 [Read more]
Delphi Energy Announces Filing of Preliminary Short Form Prospectus
CALGARY, ALBERTA--(Marketwired - May 27, 2016) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") is pleased to announce it has filed a preliminary short form prospectus (the "Preliminary Prospectus") in connection with a marketed underwritten offering, of 40,000 units of Delphi (the "Units"), for total aggregate proceeds of $40 million (the "Offering"). Each Unit will consist of a $1,000 principal amount senior secured note due 2021 with an interest rate to be determined [Read more]
Hawk Announces First Quarter 2016 Results
CALGARY, ALBERTA--(Marketwired - May 27, 2016) - Hawk Exploration Ltd. ("Hawk" or the "Corporation") (TSX VENTURE:HWK.A) announces its results for the three months ended March 31, 2016. The Corporation's interim financial statements for the three months ended March 31, 2016 and management's discussion and analysis for the three months ended March 31, 2016 are available for viewing on SEDAR at www.sedar.com or on Hawk's website at www.hawkexploration.ca under Investor Information - Financial [Read more]
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