CALGARY, Dec. 5, 2016 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce that it has entered into an agreement with a TSX-listed issuer to sell certain non-core assets in the greater Harmattan area of Alberta for $80 million (before customary closing adjustments). The transaction is expected to close prior to December 31, 2016, with an effective date of December 1, 2016. The $80 million purchase price will be payable $65 million in cash [Read more]
Shell successfully completes project to increase production at its Western Canada refinery
Scotford Refinery debottlenecking will boost hydrocracker production capacity by 20% and enhance the facility's competitiveness CALGARY, Dec. 1, 2016 /CNW/ - Shell today announced it has successfully completed a major growth project at its Scotford Refinery near Edmonton, Alberta that will increase hydrocracker production capacity by 20%. The project was completed through the debottlenecking of the hydrocracker, a core refining unit for making transportation fuels, such as diesel and jet [Read more]
Altura Energy Inc. Announces Grant of Stock Options
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./ CALGARY, Nov. 30, 2016 /CNW/ - Altura Energy Inc. ("Altura" or the "Corporation") (TSX Venture: ATU) announces that in accordance with its long-term compensation policy which includes an annual grant of stock options ("Options") to its employees, officers and directors, Altura's Board of Directors has [Read more]
Tourmaline Oil Corp. closes acquisition from Shell Canada
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]
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