TSX-V: HME VANCOUVER, Aug. 25, 2016 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") announces its financial and operating results for the three months ended June 30, 2016. Q2 2016 Highlights Averaged quarterly production of 492 boe/d (83% oil). Realized an operating netback of $580,876, or $12.97/boe, for a $10.24/boe improvement over the first quarter of 2016 with an average WTI price of $45.59 US/bbl. Attained aggregate funds flow from operations of [Read more]
Energy East: Start of public proceedings in Quebec
Video and audio streams will be available CALGARY, Aug. 25, 2016 /CNW/ - The Energy East Hearing Panel will continue to hear from intervenors on Monday, August 29, in Montreal, Quebec. The Panel Session will begin at 9 am (local time) at Centre Mont Royal, 2200 Mansfield Street. The public is welcome to attend and a live webcast will be available (view schedule). Panel Sessions are the first of multiple opportunities for registered intervenors to appear before the Hearing Panel to share [Read more]
Ikkuma Resources Corp. Announces Second Quarter 2016 Financial and Operating Results and Credit Facility Renewal
CALGARY, Aug. 25, 2016 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) is pleased to report its financial and operating results for the three months ended June 30, 2016. 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 June 30, 2016. Ikkuma's condensed interim financial [Read more]
Ironhorse Announces Q2 2016 Financial and Operating Results
CALGARY, Aug. 23, 2016 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) announces its financial and operating results for the three and six months ended June 30, 2016. Financial and Operation Summary The Company's reported production has decreased 85% to 10 boe/d in the second quarter of 2016 from 67 boe/d produced in the first quarter of 2016. The decrease in production is attributed to the Pembina L2L Pool shut in of production on January 19, 2016. As a [Read more]
Smoothwater Demands an Alberta Oilsands Shareholder Vote on Value-destroying Bailout
TORONTO, Aug. 21, 2016 /CNW/ - Smoothwater Capital Corporation ("Smoothwater") responded to the proposed plan of arrangement announced by Alberta Oilsands Inc. ("AOS") and Marquee Energy Ltd. ("Marquee"). Smoothwater (together with a joint actor) is the largest shareholder of AOS holding over 16.6% of the issued and outstanding shares of AOS. Smoothwater holds no shares of Marquee. Smoothwater will not support the proposed merger by way of a plan of arrangement as it would significantly destroy [Read more]
Ikkuma Resources Corp. Comments on Current Trading Activity
CALGARY, Aug. 19, 2016 /CNW/ - Ikkuma Resources Corp. (the "Corporation") (TSXV:IKM) in response to a request by Market Surveillance (IIROC), today confirmed that it is not aware of any undisclosed material information related to the Corporation or its business that may explain the recent increase in the trading price of the Corporation's shares. ABOUT IKKUMA Ikkuma Resources Corp. is a diversified junior public oil and gas company listed on the TSXV under the symbol "IKM", with holdings [Read more]
Energy union ratifies deal with Suncor
TORONTO, Aug. 18, 2016 /CNW/ - The union bargaining for over 8,500 energy and chemical workers across Canada has reached a three-year deal with Suncor. The collective agreement will set the pattern for Unifor's upcoming negotiations at other companies in the industry. "This contract achieves our goals and gives our members some certainty during the instability being experienced by the industry," said Jerry Dias, National President of Unifor. "The agreement recognizes the state of the industry [Read more]
Frontier Oil Sands Mine Project – Public Comment Invited
OTTAWA, Aug. 17, 2016 /CNW/ - The Joint Review Panel reviewing the proposed Frontier Oil Sands Mine Project is seeking public comments on the Environmental Impact Assessment (EIA), the project applications under the Oil Sands Conservation Act, Environmental Protection and Enhancement Act, and Water Act, and on additional information submitted by the proponent, Teck Resources Ltd. The Panel invites Indigenous groups, the public and other review participants to submit their comments in writing [Read more]
ARC Resources Ltd. Confirms September 15, 2016 Dividend Amount
CALGARY, Aug. 16, 2016 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") confirms that an eligible dividend of $0.05 per share will be paid on September 15, 2016 to shareholders of record on August 31, 2016. The ex-dividend date is August 29, 2016. As at August 16, 2016 the trailing 12-month payments to investors, including the August 15, 2016 payment, total $0.90 per share. ARC offers a Dividend Reinvestment Plan ("DRIP") and Stock Dividend Program ("SDP") as optional plans for its shareholders. [Read more]
TORC Oil & Gas Ltd. Announces Closing of Bought Deal Financing and Concurrent Private Placement to Cornerstone Investor
CALGARY, Aug. 16, 2016 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG) is pleased to announce the closing of the previously announced public offering of 12,236,000 common shares (the "Bought Deal Financing") through a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. for gross proceeds of $86.3 million (including the full exercise of over-allotment option). TORC is also pleased to announce that it has completed a concurrent private placement of 3,546,100 [Read more]
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