HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Dec. 29, 2016) - At the request of Sunshine Oilsands Ltd. (HKEX:2012) (the "Company"), trading in the shares of the Company on The Stock Exchange of Hong Kong Limited has been halted with effect from 9:00 a.m. on Thursday, 29 December, 2016 pending the release of an announcement of inside information of the Company. [Read more]
Archives for December 2016
Sunshine Oilsands Ltd.:(Revised) Private Placement of HK$ 43,500,000 of Common Shares Under the General Mandate to Zhengwei International Investment / Resumption of Trading
HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Dec. 29, 2016) - Reference is made to the announcement (the "Announcement") of the Company published on 28 December 2016 in respect of the Private placement to Zhengwei International Investment And Management Co., Limited ("Zhengwei"). The subscription price should be HK$0.29 instead of HK$0.28. And so the aggregate amounts to gross proceeds is HK$43,500,000 (approximately CDN$ 7,601,364.2 at current exchange rates). The revised version [Read more]
Sunshine Oilsands Ltd.: Private Placement of HK$ 42,000,000 of Common Shares Under the General Mandate to Zhengwei International Investment and Management Co., Limited
HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Dec. 28, 2016) - The Board of Directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX:2012) is pleased to announce the following: PRIVATE PLACEMENT OF HK$ 42,000,000 OF COMMON SHARES (a) The Placement On December 28, 2016 in Hong Kong (December 28, 2016 in Calgary), the Corporation entered into a subscription agreement (the "Subscription Agreement") with Zhengwei International [Read more]
B.C.’s LNG minister predicts northern coast LNG decision by mid-2017
VICTORIA - British Columbia's minister of natural gas development is offering an optimistic prediction about the future of the proposed $36-billion Pacific NorthWest LNG project on B.C.'s northern coast. Rich Coleman says a decision on the development near Prince Rupert could come within the first six months of 2017. Coleman says he is very familiar with the development's design and tendering process and he anticipates several more meetings by mid-January with officials from [Read more]
Penn Virginia Corporation Announces Commencement of Trading on the Nasdaq Global Select Market
HOUSTON, TX--(Marketwired - December 28, 2016) - Penn Virginia Corporation (the "Company") (NASDAQ: PVAC) announced that the Company's common stock commenced trading today on the Nasdaq Global Select Market under the trading symbol "PVAC". Upon commencement of trading on the Nasdaq Global Select Market, the Company's common stock ceased trading on the OTCQX U.S. Premier market.John A. Brooks, Interim Principal Executive Officer and Chief Operating Officer, commented, "We are pleased to announce [Read more]
Pipelines selected as Canadian Press business news story of the year
CALGARY - The increasingly divisive debate over pipelines, with the economic benefits and environmental concerns they carry, has been selected as The Canadian Press business story of the year. In an annual survey of newsrooms across the country, pipeline development edged out another politically charged issue — real estate — by a single vote, a reflection of how the two stories competed for attention throughout 2016. The year saw Prime Minister Justin Trudeau attempt to strike a [Read more]
Veresen Announces Sanction of Additional $195 Million of Capital Projects at Veresen Midstream
CALGARY, ALBERTA--(Marketwired - Dec. 28, 2016) - Veresen Inc. ("Veresen") (TSX:VSN) today announced the sanction of $195 million ($93 million net to Veresen) in new capital projects at Veresen Midstream. "With the sanction of this additional capital, Veresen now has over $1.4 billion of projects under construction," said Don Althoff, President and CEO of Veresen. "We expect these capital projects to deliver incremental per share growth as Veresen remains fully funded without the need to [Read more]
My wish for 2017: Knowledge of the energy business continues to grow
It’s that time of the year when many people feel the need to forecast what will happen in the coming year. It’s just another dumb habit that permeates the media as we pore through the articles, nodding in agreement or snorting in disgust, and adding not one iota of value to our lives. But it should be safe to say that it will be an interesting year in the energy business. Some aspects will remain boringly and irritatingly similar, like the irrational disrespect the general population shows [Read more]
Perpetual extends note exchange proposal for its 8.75% senior notes
CALGARY, Dec. 27, 2016 /CNW/ - (TSX: PMT) – Perpetual Energy Inc. ("Perpetual" or the "Company") announces that it has extended the acceptance date for its previously announced proposal to exchange all of its 8.75% senior notes due March 15, 2018 (the "2018 Senior Notes") and its 8.75% senior notes due July 23, 2019 (the "2019 Senior Notes" and together with the 2018 Senior Notes, the "Existing Senior Notes") for new 8.75% senior notes (the "Exchange Senior Notes") having an extended maturity [Read more]
Energy Insider Says ‘Fake News’ Turned Public Against Dakota Access
The prevalence of “fake news” in social media contributed to the public turning away from the Dakota Access Pipeline (DAPL), according to one of the energy insiders lobbying for the multi-billion project. Tech-savvy DAPL opponents used a heavy dose of phony news in a multi-thronged campaign to turn the public against the multi-state pipeline, Craig Stevens, the spokesman for Midwest Alliance for Infrastructure Now, wrote Sunday in an editorial for the Washington Examiner. “We saw fake news play [Read more]
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