CALGARY, May 31, 2017 /CNW/ - Royal Dutch Shell plc today announces the completion of two previously announced agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources ("Shell") that will see Shell sell all its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%. Under the first agreement, Shell has completed the sale to a subsidiary of Canadian Natural Resources Limited ("Canadian [Read more]
Archives for May 2017
Canadian Natural Resources Limited Completes the Acquisition of Working Interests in the Athabasca Oil Sands Project and Other Oil Sands Assets
CALGARY, ALBERTA--(Marketwired - May 31, 2017) - Canadian Natural Resources Limited (TSX:CNQ)(NYSE:CNQ) ("Canadian Natural" or the "Company") announces that the agreements to acquire in aggregate 70% of the Athabasca Oil Sands Project ("AOSP"), including 70% of the Scotford upgrader and the Quest Carbon Capture and Storage project, as well as additional working interests in other producing and non-producing oil sands leases, have been completed. Upon closing, the respective ownership interests [Read more]
Response Energy Corporation – Non-Core Property Divestiture
Sayer Energy Advisors has been engaged to assist Response Energy Corporation (“Response” or the “Company”) with the sale of certain of its non-core properties (the “Properties”). The Properties include producing properties in the Blackfoot, Lone Pine Creek, Ewing Lake and Wildmere areas West of the 4th Meridian and in the Garrington, Lanaway, Ferrier, Willesden Green, Pembina, Crystal, Brazeau, Highvale and Kaybob areas West of the 5th Meridian. Non-producing properties in this offering [Read more]
Corinthian Oil Corp. – Strategic Alternatives Process
The Board of Directors of Corinthian Oil Corp. (“Corinthian” or the “Company”) has engaged Sayer Energy Advisors to assist it with managing a strategic alternatives process for the Company. Potential outcomes of the process include, but are not limited to, a sale of the shares of the Company, a sale of the assets of the Company, or a refinancing of the Company. The preferred outcome would be the sale of the Company “en bloc” in exchange for either cash or shares of the purchasing [Read more]
REPORT: Trump To Withdraw From The Paris Climate Accord
President Donald Trump will fulfill his campaign pledge to withdraw from the Paris climate agreement, say two sources with direct knowledge of the decision. Trump is working with Environmental Protection Agency (EPA) Administrator Scott Pruitt and a small group of administration officials to work out how withdrawal will happen, Axios reported. Trump is deciding between waiting three years to withdraw, as dictated by the accord, or pulling out of the United Nations overarching climate treaty. [Read more]
Sunshine Oilsands Ltd.: Placing of Up to 67,511,000 New Shares Under General Mandate
HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - May 31, 2017) - The Board of Directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKSE:2012) is pleased to announce the following: PLACING OF NEW SHARES UNDER GENERAL MANDATE (a) The Placing On May 31, 2017 in Hong Kong (May 31, 2017 in Calgary), the Corporation entered into a placing agreement (the "Placing Agreement") with China Industrial Securities International Capital Limited (the [Read more]
STEP Energy Services To Open Toronto Stock Exchange on June 1
Calgary, AB (May 30, 2017) – STEP Energy Services Ltd. (the “Company” or “STEP”), a coiled tubing, pumping and hydraulic fracturing services company, will initiate the siren to open the day’s trading session of Toronto Stock Exchange on June 1, 2017. The ceremony commemorates the debut of STEP’s listing of common shares on TSX, under the trading symbol “STEP”, which began trading on May 2, 2017. Regan Davis, president and chief executive officer, along with members of the executive [Read more]
Concerned Shareholders of Eagle Energy Inc. Set the Record Straight
Calgary, Alberta--(Newsfile Corp. - May 29, 2017) - Daniel Gundersen and Kingsway Financial Services Inc. (together, the "Concerned Shareholders") announce today that their information circular (the "Circular") and BLUE form of proxy have been mailed to all shareholders of Eagle Energy Inc. ("Eagle" or the "Company"; TSX: EGL) in connection with Eagle's annual general meeting scheduled to be held at 10:00 a.m. (Calgary time) on Tuesday, June 27, 2017 (the "Meeting"). A copy of the Circular is [Read more]
Crown Capital Partners Announces $30 Million Term Loan with Marquee Energy Ltd.
CALGARY, May 31, 2017 /CNW/ - Crown Capital Partners Inc. ("Crown" or "the Corporation") (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced the closing of a $30 million special situations term loan (the "Agreement") with Marquee Energy Ltd. ("Marquee") (TSXV: MQX). Marquee is a Calgary-based company engaged in the acquisition, exploration, development and production of petroleum and natural gas reserves focused in western Canada. Marquee's [Read more]
Marquee Energy Ltd. Announces First Quarter 2017 Financial Results and 2017 Corporate Budget and Guidance
CALGARY, AB--(Marketwired - May 30, 2017) - Marquee Energy Ltd. ("Marquee" or the "Company") (TSX VENTURE: MQX) announces its first quarter operational and financial results for the three months ended March 31, 2017. The Company's financial statements and Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2017 are available on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and on Marquee's website at [Read more]
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