TORONTO, May 4, 2017 /CNW/ - Kontrol Energy Corp. (CSE:KNR) (the "Company") announces that it has entered into a Letter of Intent (LOI) to acquire up to 20 megawatts (MW, net) of solar power generation assets, consisting of multiple solar energy generation sites operating across Ontario, Canada. All sites are under long-term power purchase agreements (PPAs) with the Government of Ontario Feed-in Tariff program as managed by the Independent Electricity System Operator (IESO). The IESO has an [Read more]
Penn West Announces Strong First Quarter 2017 Financial and Operational Results
CALGARY, May 4, 2017 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("Penn West", the "Company", "we", "us" or "our") is pleased to announce its financial and operational results for the three months ended March 31, 2017. "Our first quarter results reflect a quality start for the new Penn West, with robust funds flow from operations, production growth in our key development areas, and a repositioned balance sheet from which to pursue our activities," commented David French, [Read more]
ARC Resources Ltd. Reports Strong First Quarter 2017 Results and Capital Investment to Advance Dawson Phase III
CALGARY, May 3, 2017 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its first quarter 2017 operating and financial results. First quarter production averaged 115,129 boe per day, net income was $142.5 million ($0.40 per share), and funds from operations totaled $177.2 million ($0.50 per share). ARC's unaudited condensed interim financial statements and notes ("financial statements"), as well as ARC's Management's Discussion and Analysis ("MD&A") for the three months [Read more]
Whitecap Resources Inc. Announces First Quarter 2017 Results
CALGARY, May 3, 2017 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited financial results for the three months ended March 31, 2017. Selected financial and operating information is outlined below and should be read with Whitecap's unaudited interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which are available at www.sedar.com and on our website at [Read more]
Cominar Reaffirms Its Environmental Commitment
QUEBEC CITY, May 3, 2017 /CNW Telbec/ - Cominar is continuing to invest in sustainable development across its real estate portfolio and thereby reduce its environmental footprint. Cominar firmly believes in sustainability and is further developing its investments to drive down the carbon footprint of its real estate portfolio. Over time, a number of its properties have received environmental awards and certifications, and varieties of innovative features have been incorporated into its routine [Read more]
GFL Environmental Inc. Announces Pricing of Private Offering of Senior Unsecured Notes
TORONTO, May 3, 2017 /CNW/ - GFL Environmental Inc. ("GFL") announced today that it has priced its previously announced private offering (the "Notes Offering") of US$350 million in aggregate principal amount of senior unsecured notes due 2022 (the "Notes"). The Notes will bear interest at a rate of 5.625% per annum. The net proceeds from the offering will be used to redeem all of GFL's US$250 million of outstanding 7.875% senior unsecured notes due 2020, to repay a portion of the [Read more]
Trakopolis Announces Purchase Agreement with Enterprise Customer
CALGARY, May 3, 2017 /CNW/ - Trakopolis IoT Corp. ("Trakopolis" or the "Company") (TSXV: TRAK) is pleased to announce that it has entered into an agreement with a large US-based oil and gas company for the sale of 1,500 units of Honeywell's ConneXt Lone Worker gas detection solution, powered by Trakopolis (the "Purchase Agreement"). Brent Moore, CEO of Trakopolis stated, "Trakopolis and Honeywell Analytics, as innovators in the enterprise IoT market, have brought a comprehensive gas [Read more]
PMI Resources Ltd. Provides Update On Acquisition Of Patagonia Oil Corp.
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ VANCOUVER, May 3, 2017 /CNW/ - PMI Resources Ltd. ("PMI" or the "Company") (TSXV: PMI), is pleased to provide an update on the acquisition of 100% of the shares of Patagonia Oil Corp., a company incorporated and existing under the laws of the British Virgin Islands ("Patagonia"). Trading in the common shares of the Company has been halted in accordance with the policies of the TSX Venture Exchange (the [Read more]
FortisAlberta Inc. announces appointment of Karl Bomhof as new President and Chief Executive Officer
CALGARY, May 3, 2017 /CNW/ - FortisAlberta Inc. (FortisAlberta or the Corporation) announces the appointment of Karl Bomhof as President and Chief Executive Officer (CEO), effective June 1, 2017. Mr. Bomhof succeeds Phonse Delaney, who, as announced today by Fortis Inc., has been appointed Executive Vice President, Chief Information Officer, of Fortis Inc., effective June 1, 2017. "We are very pleased to announce the promotion of Karl to President and CEO [Read more]
Pulse Oil Corp. Announces $8 Million Unit Financing to Acquire Oil and Gas Assets, Restart Production and Commence Horizontal Drilling
CALGARY, May 3, 2017 /CNW/ - Pulse Oil Corp. ("Pulse" or the "Company") (TSX-V: PUL) announces that Pulse has signed two new agreements with arms-length parties to acquire independently assessed proven producing oil and gas reserves in Alberta. These latest acquisitions meet Pulse's criteria of acquiring low-risk, low-cost producing assets with drilling and enhanced oil recovery upside at attractive prices, the details of which are summarized immediately below. OVERVIEW OF OIL & GAS [Read more]
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