CALGARY, May 1, 2017 /CNW/ - Questerre Energy Corporation ("Questerre" or the "Company") (TSX,OSE:QEC) reported today on an essential test of mechanical rock properties for its oil shale in Jordan. Michael Binnion, President and Chief Executive Officer of Questerre, commented, "Finding a way to commercialize this significant oil shale project in a US$50 to US$70 per barrel environment is our main focus here. These tests establish that the mechanical rock properties of our shale are [Read more]
Archives for April 2017
B.C. Liberals to repeal Vancouver natural gas ban that city says doesn’t exist
VANCOUVER - The B.C. Liberals say they will repeal a City of Vancouver plan the party claims prohibits natural gas in some new buildings, but the city says no such ban exists. Andrew Wilkinson, candidate for Vancouver-Quilchena, said on Saturday the city's ban would increase costs to consumers, businesses and residents because it would raise building costs and create a reliance on electricity, which is more expensive. In a statement responding to the announcement, the city said [Read more]
Rooster Energy Announces Fourth Quarter and Fiscal Year 2016 Financial, Operating and Reserve Report Results
CALGARY, ALBERTA--(Marketwired - April 28, 2017) - ROOSTER ENERGY LTD. (the "Company") (www.roosterenergyltd.com) (TSX VENTURE:COQ) is pleased to announce it has filed on SEDAR (www.sedar.com) its Forms 51-101F1, 51-101F2 and 51-101F3 which includes summary data on the Company's proved and probable reserves as of December 31, 2016. Additionally, the Company has filed its audited financial statements, related management discussion and analysis ("MD&A") for the three months ("Q4 2016") and twelve [Read more]
Journey Energy Inc. Announces Closing of Strategic Acquisition, Divestment of Non-Core Property, Increase to Credit Facility and Hedging Update
CALGARY, April 28, 2017 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to announce it has closed on its previously announced strategic acquisition in its Central Alberta core area (the "Acquisition"). The Acquisition consists of approximately 2,000 boe/d (average for 2017; 28% oil & NGL's) of high value; long life; operated; high working interest (75% average); and liquids-rich gas production. This low-decline (16%) production base provides annual, net [Read more]
Imperial reports voting results for election of directors
CALGARY, April 28, 2017 /CNW/ - Imperial announced at its annual meeting of shareholders held on April 28, 2017, that each of the seven nominees proposed as directors of the company and listed in its management proxy circular dated March 10, 2017 were elected as directors. A total of 755,812,225 shares (89.73 percent of outstanding common shares) were represented in person or by proxy. The percentage of shares represented at the meeting that were voted in favour of the individual directors are [Read more]
Vermilion Energy Inc. Reports Voting Results of Election of Directors
CALGARY, April 28, 2017 /CNW/ - Vermilion Energy Inc. ("Vermilion" or "Company") (TSX, NYSE: VET) is pleased to report that at its annual meeting of shareholders held on April 28, 2017 each of the ten nominees were elected as directors of the Company. The detailed results of the vote by ballot are as follows: Votes for Votes Withheld Number Percent (%) Number Percent (%) Larry J. Macdonald 74,469,081 95.88 3,200,484 4.12 Lorenzo [Read more]
Rooster Energy Ltd. Announces Executive Officer Changes
CALGARY, ALBERTA--(Marketwired - April 28, 2017) - ROOSTER ENERGY LTD. (the "Company") (www.roosterenergyltd.com) (TSX VENTURE:COQ) today announces that Kenneth F. Tamplain, Jr., current Senior Vice President and General Counsel, has been appointed interim Chief Executive Officer ("CEO") and President, effective immediately, and Leroy F. Guidry, Jr., a director, has been appointed interim Chief Financial Officer ("CFO"), effective May 1, 2017. This follows the departure of Robert P. Murphy from [Read more]
Toscana Energy Announces New $36 Million Senior Secured Revolving Credit Facility
CALGARY, Alberta, April 28, 2017 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation (the "Corporation") (TSX:TEI) is pleased to announce that it has entered into a commitment letter with respect to a new senior secured demand revolving credit facility with Alberta Treasury Branches ("ATB"). The Credit Facility will provide the Corporation with a $36 million Credit Facility that will be available on a fully revolving basis. ATB has committed to the new Credit Facility subject to the [Read more]
Cypress Energy Partners Announces First Quarter Cash Distribution
TULSA, Okla.--(BUSINESS WIRE)--#CELP--Cypress Energy Partners, L.P. (NYSE: CELP) announced today that the board of directors of its general partner declared a cash distribution for the first quarter of 2017. The cash distribution is $0.21 per limited partner unit. The distribution will be payable on May 15, 2017 to all unitholders of record on May 8, 2017. As previously outlined in our press release on March 15th, our Board believes it is [Read more]
The Graña y Montero Group’s Net Income in 1Q2017 Reached s/. 79.1 MM
LIMA, Peru--(BUSINESS WIRE)--Graña y Montero S.A.A. (NYSE: GRAM) (BVL: GRAMONC1) (“the Company” or “Graña y Montero”) a leading Engineering and Construction company, announced that its net income in the first quarter (“1Q2017”), reached s/. 79.1 MM, which represents a 11.6% increase with respect to 1Q2016. Backlog and recurrent businesses reached US$ 3,531 MM, equivalent to 1.95x the annual revenues. Consolidated debt as of 1Q2017 [Read more]
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