CALGARY, June 22, 2016 /CNW/ - Mosaic Energy Ltd. (the "Company" or "Mosaic") is a privately owned company incorporated under the law of the Province of Alberta and Canada Business Corporation Act. The Company is focused on the exploration for and the development, production and acquisition of, petroleum and natural gas reserves, and is primarily focused on multi-zone horizons in the Deep Basin of the Western Canadian Sedimentary Basin. An Order from the Court of Queen's Bench of Alberta (the [Read more]
Twin Butte Announces Extension of Credit Facilities
CALGARY, June 21, 2016 /CNW/ - (TSX: TBE) – Twin Butte Energy Ltd. ("Twin Butte" or the "Company") announces that its bank syndicate has agreed to extend the maturity date of Twin Butte's $85 million non-revolving credit facility by one day from June 21, 2016 to June 22, 2016 and the expiry of the revolving period of Twin Butte's $140 million revolving credit facility by one day from June 21, 2016 to June 22, 2016 to enable the Company to continue with its strategic alternatives process. As [Read more]
Penn West Announces Competition Act Clearance to Complete Sale of Saskatchewan Assets
CALGARY, June 21, 2016 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE.BC) ("Penn West", "we", "us" or "our") is pleased to announce that a notice has been issued under the Competition Act by the Commissioner of Competition granting clearance to Penn West and Teine Energy Ltd. to complete the previously announced sale of all of Penn West's Saskatchewan assets, including its Dodsland Viking area, for cash consideration of $975 million, subject to normal closing adjustments. This [Read more]
Bellatrix announces second half 2016 capital budget
TSX, NYSE: BXE CALGARY, June 17, 2016 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce a focused second half 2016 capital budget targeting profitable development of the Company's Spirit River liquids rich natural gas play and investment in strategic infrastructure projects. The board of directors has approved a second half net capital budget of up to $40 million, with funding limited to available cash flow. The second half capital [Read more]
Enerplus Announces Cash Dividend for July 2016
CALGARY, June 17, 2016 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) announces that a cash dividend in the amount of CDN$0.01 per share will be payable on July 15, 2016 to all shareholders of record at the close of business on June 28, 2016. The ex-dividend date for this payment is June 24, 2016. The CDN$0.01 per share dividend is equivalent to approximately US$0.01 per share if converted using the current Canadian/US dollar exchange rate of 0.7668. The U.S. dollar [Read more]
Penn West Announces Annual and Special Meeting of Shareholders
CALGARY, June 16, 2016 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE.BC) ("Penn West") will be hosting its Annual and Special Meeting on Thursday, June 23, 2016 at 10:00 a.m. MDT (12:00 p.m. EDT) in the Kensington Boardroom of the Marriott Downtown Hotel, located at 110 - 9th Avenue SE, Calgary Alberta. Scheduled as part of the meeting proceedings, Mr. Dave Roberts, President and CEO, will address shareholders and provide a summary of Penn West's 2015 accomplishments and discuss [Read more]
Keyera Closes CDN$60 Million Note Issue under Private Shelf Agreement
CALGARY, June 16, 2016 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today that it has concluded its previously announced CDN$60 million issuance of long-term notes pursuant to an uncommitted private shelf agreement with the Prudential Capital Group ("Prudential"). Proceeds from the notes will be used to repay short-term indebtedness under Keyera's credit facilities and for general corporate purposes. [Read more]
National Energy Board starts the clock on Energy East Pipeline Project
Process will be open to all Canadians CALGARY, June 16, 2016 /CNW/ - The National Energy Board (NEB) is starting the clock on one of the most innovative hearings in the NEB's history. The NEB's review of the Energy East Pipeline Project will include opportunities for the general public to provide their input and for hearing participants to orally question the applicants. There will also be an assessment of upstream greenhouse gas emissions. This review starts today. The NEB has determined [Read more]
National Energy Board Deems Energy East Pipeline Project Application Complete
OTTAWA, June 16, 2016 /CNW/ - The Government of Canada believes the environment and the economy can go hand in hand. Accordingly, proposed major resource projects need to undergo a thorough review and must carry the confidence of Canadians if they are to proceed. The National Energy Board (NEB) today determined the applications for TransCanada's Energy East and Eastern Mainline pipeline projects are complete. This means the 21-month NEB review period will now begin. The NEB will use this [Read more]
Enerplus Completes Sale of Certain Assets in Northwest Alberta
CALGARY, June 16, 2016 /CNW/ - Enerplus Corporation ("Enerplus" or the "Company") (TSX & NYSE: ERF) has completed the previously announced sale of certain non-core assets (the "Assets") located in northwest Alberta, including its Pouce Coupe asset, for cash proceeds of approximately $95.5 million. Proceeds from this transaction were used to fully repay the Company's outstanding bank credit facility. About Enerplus Enerplus Corporation is a responsible developer of high quality crude oil [Read more]
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