BOE Report

Archives for 2016

Toro Oil & Gas Ltd Announces First Quarter 2016 Financial and Operating Results

CALGARY, May 25, 2016 /CNW/ - Toro Oil & Gas Ltd. (TSXV: TOO) ("Toro" or the "Company") announces its financial and operating results for the three month period ended March 31, 2016.  Selected financial and operational information is set out below and should be read in conjunction with Toro's March 31, 2016 interim financial statements and the related management's discussion and analysis, which are available for review at www.sedar.com or the Company's website at www.torooil.com. First [Read more]

Alberta brings in carbon levy legislation, estimates higher cost to families

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EDMONTON - Alberta has put forward legislation to implement its multibillion-dollar carbon levy, with new estimates hiking the cost to families to as much as $443 next year.Opponents, however, estimate it will be about double that.Environment Minister Shannon Phillips introduced Bill 20 for first reading in the legislature Tuesday.She said the levy will provide an incentive to go green and will be reduced as Alberta becomes more environmentally friendly.Notley also noted with lower and [Read more]

National Energy Board issues Board Order to TransCanada Keystone Pipeline GP Ltd.

CALGARY, May 24, 2016 /CNW/ - The National Energy Board (NEB) has issued a Board Order to TransCanada Keystone Pipeline GP Ltd. (Keystone) to ensure that environmental protection and mitigation measures continue on the Keystone XL project (Project) despite the US Department of State's decision of November 3, 2015 to not issue a Presidential Permit to construct and operate the US section of the Keystone XL Pipeline. During NEB inspections on the Keystone XL Pipeline Project in Alberta, the NEB [Read more]

Frontier Oil Sands Mine Project – Establishment of Joint Review Panel

OTTAWA, May 24, 2016 /CNW/ - The Honourable Catherine McKenna, Minister of Environment and Climate Change and Jim Ellis, President and Chief Executive Officer of the Alberta Energy Regulator, announced today the establishment of a three-member joint panel to review Teck Resources Limited's proposed Frontier Oil Sands Mine project in northern Alberta. Mr. Alex Bolton has been appointed as the Chair of the Joint Review Panel. Mr. Robert McManus and Mr. William (Bill) Klassen have been appointed [Read more]

Gibsons Announces $200 Million Bought Deal Equity Financing and $100 Million Bought Deal Offering of Unsecured Subordinated Convertible Debentures

CALGARY, ALBERTA--(Marketwired - May 24, 2016) - Gibson Energy Inc. ("Gibsons" or the "Company") (TSX:GEI) is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by BMO Capital Markets and RBC Capital Markets pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 12,950,000 common shares ("Common Shares") at a price of $15.45 per Common Share, for gross proceeds of approximately $200 million and $100 million aggregate [Read more]

Quattro Exploration and Production Ltd. Provides Update RE Annual Financial Statement Filings

CALGARY, Alberta, May 24, 2016 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (the "Corporation") (TSXV:QXP) provides an update regarding the filing of its financial statements and corresponding management discussion and analysis for the year ended December 31, 2015 (the "Financial Statements").  As noted in the Company's press release dated May 4, 2016, the Company was unable to file the Financial Statements prior to the filing deadline of April 29, 2016 and at the request of the [Read more]

Athabasca Oil restarts Hangingstone project as wildfire risk recedes

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CALGARY - Alberta oilsands workers forced to flee the ferocious Fort McMurray wildfire are returning to begin the tricky process of restarting their projects in northern Alberta, reassured by colder weather and a forecast of rain.In a Tuesday morning update, provincial emergency officials said the Fort McMurray wildfire had grown to 523,000 hectares, almost the size of Prince Edward Island, and was still out of control but moving farther east and northeast away from the city and industrial [Read more]

Athabasca Oil Corporation Resumes Operations at Hangingstone

CALGARY, ALBERTA--(Marketwired - May 24, 2016) - Athabasca Oil Corporation (TSX:ATH) ("Athabasca" or the "Company") has resumed operations at Hangingstone following a shutdown on May 5th due to the wildfires in the Fort McMurray region. There has been no damage to Athabasca's assets. Prior to the shutdown, production volumes reached in excess of 9,000 bbl/d. The Company expects the reservoir to re-pressurize to normal operating levels over the next several weeks with no anticipated long-term [Read more]

Keyera Corp. Announces Closing of $345 million Public Offering of Common Shares including the Over-Allotment Option

CALGARY, May 24, 2016 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today the successful completion of the public offering of 8,250,000 common shares ("Common Shares"), as well as the sale of an additional 1,237,500 Common Shares pursuant to the over-allotment option exercised by the underwriters in connection with the public offering.  This brings the total number of Common Shares sold by Keyera in the public offering to 9,487,500. The Common Shares were priced at $36.35 per Common Share [Read more]

Saturn Minerals Focused on Oil Triangle

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 24, 2016) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") announces that the recently completed drilling programs at its Bannock Creek project has provided data to the Company identifying an area which Saturn has designated as a geographical oil triangle in the Northeastern Williston Basin. "Conventional light oil pools in the Northern Williston Basin are in our focus. The potential of the region is [Read more]