CALGARY, Nov. 30, 2016 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce that it has closed the previously announced acquisition from Shell Canada Energy ("Shell Canada"). The Company has acquired strategic assets located in the Alberta Deep Basin (the "Deep Basin Assets") and the North East British Columbia Gundy area (the "Montney Assets") for total consideration of $1.369 billion, including cash consideration of $1.0 billion and 10,017,938 [Read more]
Advantage Announces 2017 Budget and Development Plan
2017 Budget Includes 17% Production Growth, Upsized Glacier Gas Plant Expansion to 400 MMCF/D & $205 Million Capital Program (TSX: AAV, NYSE: AAV) CALGARY, Nov. 28, 2016 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce that its Board of Directors ("Board") has approved a 2017 capital budget and development plan estimates for 2018 and 2019. Advantage's 2017 through 2019 investment will continue with the profitable and sustainable growth of [Read more]
Northern Blizzard Resources Inc. Announces $58 million Non-Core Asset Sale
CALGARY, Nov. 28, 2016 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard") (TSX: NBZ) is pleased to announce that it has completed the sale of certain non-core Viking light-oil assets in the Coleville area of Saskatchewan for cash consideration of $58.0 million (before customary purchase price adjustments). The asset sale had an effective date of October 1, 2016 and closed on November 28, 2016. Effective December 31, 2015, Northern Blizzard's independent reserves evaluators [Read more]
Toro Oil & Gas Ltd Reports Third Quarter 2016 Financial and Operating Results
CALGARY, Nov. 28, 2016 /CNW/ - Toro Oil & Gas Ltd. (TSXV: TOO) ("Toro" or the "Company") announces its financial and operating results for the three and nine month period ended September 30, 2016. Selected financial and operational information is set out below and should be read in conjunction with Toro's September 30, 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 [Read more]
Georox Resources announces Silverdale, Saskatchewan Project Update
KELOWNA, BC, Nov. 28, 2016 /CNW/ - Georox Resources Inc. ("Georox" or the "Corporation") (GXR:TSX-V; OF6A:FRA) Georox owns a pooled 6.9% interest in the General Petroleums pool in the Silverdale, Saskatchewan area. Recently the Corporation completed a salt water disposal well, 07-012-48-28W3 through its operator. An injectivity test has confirmed that the well is capable of 14,500 bbls of water per day which can handle all the needs of the entire field. This will now lead to the tie-in of all [Read more]
National Energy Board Declines TransCanada Request for Changes to its Storage Transportation Service
CALGARY, Nov. 24, 2016 /CNW/ - The National Energy Board (NEB) has declined a request from TransCanada PipeLines Limited to amend its tariff for the Storage Transportation Service, which is a service offered on the Canadian Mainline Gas Transportation system. Tariffs describe the terms and conditions under which the services of a pipeline are offered or provided. TransCanada applied to amend the tariff that applies to its Storage Transportation Service and Storage Transportation [Read more]
Hemisphere Energy Announces Q3 2016 Financial and Operating Results
TSX-V: HME - VANCOUVER, Nov. 24, 2016 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") announces its financial and operating results for the three and nine months ended September 30, 2016. Q3 2016 HIGHLIGHTS Drilled and placed on production Hemisphere's first producing well from the Atlee Buffalo Upper Mannville G pool at an IP90 of over 60 boe/d (100% oil). Averaged quarterly production of 518 boe/d (87% oil), a 5% increase over the second quarter. [Read more]
Ikkuma Resources Corp. Announces Significant New Cardium Oil Pool Discovery and Third Quarter 2016 Financial and Operating Results
CALGARY, Nov. 24, 2016 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) is pleased to report an operations update and its financial and operating results for the three months ended September 30, 2016. OPERATIONS UPDATE In October, the Corporation completed the stimulation of the 670 m horizontal Cardium oil well drilled in the first quarter of this year. The stimulation was a 16 stage slick-water fracture operation. After 28 days and under mechanical pump [Read more]
Connacher Announces Q3 2016 Results
CALGARY, Nov. 23, 2016 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its financial and operating results for the three and nine months ended September 30, 2016 ("Q3 2016") (all amounts are in Canadian dollars unless otherwise noted). Financial Q3 2016 and YTD 2016 revenue, net of royalties, decreased 45% to $31.7 million (Q3 2015 - $58.1 million) and 64% to $66.3 million (YTD 2015 - $183.2 million), respectively, due to the decline in crude oil benchmark [Read more]
Calfrac announces $40 million private placement
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, Nov. 23, 2016 /CNW/ - Calfrac Well Services Ltd. ("Calfrac") (TSX–CFW) is pleased to announce that it has entered into an agreement with Peters & Co. Limited, as lead underwriter on behalf of a syndicate of underwriters to be formed (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a private placement basis, 14,040,000 common shares of [Read more]
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