EDMONTON - Premier Rachel Notley says her government will stick with its economic plan despite a budget deficit of almost $11 billion, but will alter course if necessary. Notley made the comments Friday as she renewed her attack on the 2015 election platform of former Progressive Conservative premier Jim Prentice. "The key is to stay in line with the projections that we put in place and the slow reduction of the deficit over time in a responsible way that allows the public [Read more]
Archives for August 2016
Virginia Hills Oil Corp. Announces Strategic Alternatives Process, Second Quarter of 2016 Results and General Operation Update
TSX Venture Exchange: VHO - CALGARY, Aug. 26, 2016 /CNW/ - Virginia Hills Oil Corp. ("Virginia Hills" or the "Company") announces it has initiated a strategic review process, provides its operating and financial results for the three and six months ended June 30, 2016, and provides a general corporate operational update including the extension of its syndicated debt facility and the successful start of its 2016 drilling program. The Company's unaudited interim financial statements and related [Read more]
Altura Energy Inc. Announces Acquisition of Strategic High Quality Low Decline Oil Assets in East Central Alberta
CALGARY, Aug. 26, 2016 /CNW/ - Altura Energy Inc. ("Altura" or the "Corporation") (TSX Venture: ATU) is pleased to announce it has entered into an agreement to purchase high quality oil assets (the "Assets" or "Acquisition") strategically located in east central Alberta for cash consideration of $4.0 million, subject to customary closing adjustments. The Assets add 125 boe/d of low decline production and include facility infrastructure and a natural gas pipeline for future growth. The [Read more]
Chesapeake Energy Corporation Announces Increase In Size Of Cash Tender Offers For Contingent Convertible Senior Notes
OKLAHOMA CITY, Aug. 26, 2016 /PRNewswire/ -- Chesapeake Energy Corporation (NYSE:CHK) announced today that, with respect to its offers to purchase for cash (the "Tender Offers") the outstanding notes of Chesapeake set forth in the table below (collectively, the "Notes"), it has increased the aggregate purchase price offered for the Notes in the Tender Offers, exclusive of accrued interest, from up to $500,000,000 aggregate purchase price to up to $750,000,000 (the "New Aggregate Maximum Purchase [Read more]
Chesapeake Energy Corporation Announces Early Results Of Cash Tender Offers For Non-Convertible Senior Notes
OKLAHOMA CITY, Aug. 26, 2016 /PRNewswire/ -- Chesapeake Energy Corporation (NYSE:CHK) reported today the results to date of its pending cash tender offers (the "Tender Offers") for the outstanding notes of Chesapeake set forth in the table below (collectively, the "Notes"). Chesapeake also announced today that it has increased the tender cap for Notes maturing during and after 2019 from $250,000,000 aggregate purchase price (exclusive of accrued interest) to $325,000,000 (the "New Long-Dated [Read more]
Plains All American Pipeline, L.P. Announces Officer Promotions and Related Actions
HOUSTON--(BUSINESS WIRE)--Plains All American Pipeline, L.P. (NYSE: PAA) today announced several officer promotions and related actions. Mark Gorman, Dan Nerbonne, Phil Smith and Dwayne Koehn have each been promoted or assumed additional responsibilities as further described below. “I am pleased to announce these well-deserved promotions and related actions as part of our established succession plans and continued commitment to drive [Read more]
Antrim Energy Inc. Announces 2016 Second Quarter Results
CALGARY, ALBERTA--(Marketwired - Aug. 25, 2016) - Antrim Energy Inc. ("Antrim" or "the Company") (TSX VENTURE:AEN)(AIM:AEY), an international oil and gas exploration company, today reported its financial results for the three and six month period ended June 30, 2016. All financial figures are unaudited and in US dollars unless otherwise noted. HIGHLIGHTS Annual and special meeting of shareholders to be held on August 30, 2016 to consider approval to voluntarily dissolve the Corporation, [Read more]
Laredo Petroleum to Present at Upcoming Conference
TULSA, OK, Aug. 25, 2016 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE:LPI) (“Laredo” or the “Company”) today announced that Randy A. Foutch, Chairman and Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference on Thursday, September 8, 2016, at 9:05 a.m. ET in New York City. The presentation will be webcast and is open to registrants of the conference. The Company will make the link to the webcast and its presentation available to the public on its website, [Read more]
Pioneer Natural Resources Company Declares Dividend on Common Shares
DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) announced today that its board of directors declared a cash dividend of $0.04 per share on Pioneer’s outstanding common stock. The dividend is payable October 12, 2016, to stockholders of record at the close of business on September 30, 2016. Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the [Read more]
Hemisphere Energy Announces Q2 2016 Financial and Operating Results
TSX-V: HME VANCOUVER, Aug. 25, 2016 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") announces its financial and operating results for the three months ended June 30, 2016. Q2 2016 Highlights Averaged quarterly production of 492 boe/d (83% oil). Realized an operating netback of $580,876, or $12.97/boe, for a $10.24/boe improvement over the first quarter of 2016 with an average WTI price of $45.59 US/bbl. Attained aggregate funds flow from operations of [Read more]
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