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]
Trilogy Energy Corp. Completes Sale of Certain Assets in the Grande Prairie Area of Alberta for $50 Million
CALGARY, May 30, 2017 /CNW/ - Trilogy Energy Corp. ("Trilogy") (TSX – TET) is pleased to announce that it has completed its previously announced sale of certain Valhalla assets in the Grande Prairie area of Alberta for cash consideration of $50 Million, with the proceeds to be used to reduce Trilogy's indebtedness under its revolving credit facility. About Trilogy Trilogy is a petroleum and natural gas-focused Canadian energy corporation that actively develops, produces and sells natural [Read more]
Paramount Resources Ltd. Closes the Sale of its Oil and Gas Properties in the Valhalla Area of Alberta for $150 Million
CALGARY, May 30, 2017 /CNW/ - Paramount Resources Ltd. ("Paramount") (TSX: POU) is pleased to announce that it has closed its previously announced sale of its oil and gas properties in the Valhalla area of Alberta for cash consideration of approximately $150 million. About Paramount Paramount is an independent, publicly traded, Canadian energy company that explores and develops unconventional and conventional petroleum and natural gas prospects, including long-term unconventional [Read more]
Ikkuma Resources Corp. Announces First Quarter 2017 Financial and Operating Results
CALGARY, May 30, 2017 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) is pleased to report its financial and operating results for the three months ended March 31, 2017. Selected financial and operational information is set out below and should be read in conjunction with Ikkuma's interim condensed financial statements and the related management's discussion and analysis ("MD&A") for the three months ended March 31, 2017. Ikkuma's condensed interim financial [Read more]
Cequence Energy Reports Voting Results of Annual Meeting of Shareholders
CALGARY, May 29, 2017 /CNW/ - Cequence Energy Ltd. (the "Company" or "Cequence") (TSX:CQE) held its annual meeting of shareholders on May 29, 2017 in Calgary. A total of 86,157,304 common shares ("Common Shares") of the Company, representing approximately 35.09% of Common Shares, were represented in person or by proxy at the meeting. During the regular business proceedings at the meeting, shareholders approved a resolution appointing Deloitte LLP as the Company's auditors with [Read more]
Tourmaline Announces Three New Extensive Liquid-rich EP Opportunities
CALGARY, May 29, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce three new extensive exploration and production ("EP") opportunities within its existing core complexes and provide an update on its EP activities. NEW LIQUID-RICH OPPORTUNITIES Liquid-rich Viking at Brazeau River Tourmaline has been delineating a new extensive liquid-rich opportunity in the Brazeau River area at the south end of the Company's Deep Basin complex. The [Read more]
Connacher Announces Q1 2017 Results
CALGARY, May 26, 2017 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its financial and operating results for the quarter-ended March 31, 2017 (all amounts are in Canadian dollars unless otherwise noted). Q1 2017 Highlights Financial Q1 2017 revenue, net of royalties, increased to $46.9 million (Q1 2016 - $11.8 million) due to higher sales volumes and higher crude oil benchmark pricing Q1 2017 adjusted EBITDA increased to $1.9 million (Q1 2016 – [Read more]
The road to oil supply balance is paved with false starts: Scotiabank
TORONTO, May 26, 2017 /CNW/ - The Scotiabank Commodity Price Index gaining 2.0% m/m in April as strong energy and forest products performance more than compensated for a minor sell-off in metals markets. Oil prices fell to their lowest levels in early May since the initial announcement of the OPEC/non-OPEC supply agreement before recovering on news of Saudi and Russian support for a 9-month extension of the deal. Despite this, the oil market recovery is still fragile and requires further [Read more]
Penn West Proposes a Name Change to Obsidian Energy
CALGARY, May 26, 2017 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("Penn West", the "Company", "we", "us" or "our") is pleased to propose a name change to Obsidian Energy Ltd. "As we look around today, our Company is very different from just a few short years ago," reflected David French, President and Chief Executive Officer. "Over the past several months, we spoke a lot about concluding the story of our restructuring, which touched everything from our balance sheet, key [Read more]
AIMCo Announces Significant Investment in Ikkuma Resources
EDMONTON, May 25, 2017 /CNW/ - Alberta Investment Management Corporation ("AIMCo"), on behalf of certain of its clients, is pleased to announce that today it has successfully entered into a strategic financing relationship with Ikkuma Resources Corp., ("Ikkuma") (TSE: IKM). Based upon the terms of the agreement, the financing relationship provides for a debt-with-warrants financing consisting of a CAD $45 million second lien senior secured term loan, which bears annual interest at 7.25% and [Read more]
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