CALGARY, April 21, 2016 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTCQX: MDLNF) is pleased to provide selected financial and operational information for the three months and year ended December 31, 2015. Copies of the Company's consolidated financial statements for the year ended December 31, 2015, the related management's discussion and analysis and the Annual Information Form (the "AIF") of the Company have been filed with Canadian securities regulatory [Read more]
Enerplus Announces Cash Dividend for May 2016
CALGARY, April 21, 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 May 16, 2016 to all shareholders of record at the close of business on May 2, 2016. The ex-dividend date for this payment is April 28, 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 0.7920. The U.S. dollar equivalent [Read more]
Georox Resources Announces Proposed Share Consolidation, Private Placement of up to $700,000 and New Director
KELOWNA, BC, April 20, 2016 /CNW/ - Mr. Burkhard Franz, President and Chief Executive Officer of Georox Resources Inc. ("Georox" or the "Corporation") (GXR: TSX-V; OF6A:FRA) wishes to announce several developments with respect to the Corporation's financial affairs. Share Consolidation On April 30, 2015, the shareholders of Georox approved a special resolution authorizing (if and when the board of directors of the Corporation deemed it appropriate to do so, but in any event such [Read more]
Pembina Pipeline Corporation Announces Closing of Midstream Asset Acquisition
CALGARY, April 20, 2016 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) is pleased to announce that that the Company has completed its previously announced acquisition (the "Transaction") of certain sour natural gas processing assets (the "Assets") from Paramount Resources ("Paramount"). "I am very pleased to add these large-scale, newly constructed and integrated assets to our Cutbank Complex," said Jaret Sprott, Pembina's Vice President, Gas Services. [Read more]
Cenovus to hold conference call and webcast on first quarter 2016 results
Annual meeting of shareholders to take place in Calgary CALGARY, April 20, 2016 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) will release its first quarter 2016 results on Wednesday, April 27, 2016. The news release will provide consolidated first quarter 2016 operating and financial information. Financial statements will be available on the company's website, cenovus.com. A conference call and webcast to discuss the results will be held for the investment community at 9 a.m. MT [Read more]
Penn West Announces the Closing of the Sale of Slave Point and Non-core Assets for Cash Proceeds of Approximately $200 Million
CALGARY, April 18, 2016 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE.BC) ("Penn West", "we", "us" or "our") is pleased to announce that it has successfully closed the previously announced sale of its properties in the Slave Point area of Northern Alberta for cash consideration of approximately $148 million, subject to closing adjustments. In addition, Penn West has closed approximately $50 million of its previously announced non-core asset sales of $80 million. It has also entered [Read more]
Ikkuma Resources Corp. Announces Fourth Quarter and Year End 2015 Financial and Operating Results
CALGARY, April 14, 2016 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) is pleased to report its financial and operating results for the three months and year ended December 31, 2015. Selected financial and operational information is set out below and should be read in conjunction with Ikkuma's December 31, 2015 audited annual financial statements and the related management's discussion and analysis ("MD&A"). In addition, the Corporation today announces the filing [Read more]
Bank of Canada maintains overnight rate target at 1/2 per cent
OTTAWA, April 13, 2016 /CNW/ - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Growth in the global economy is expected to strengthen gradually from about 3 per cent in 2016 to 3 1/2 per cent in 2017-18, a weaker outlook than the Bank had projected in its January Monetary Policy Report (MPR). After a slow start to 2016, the US economy is expected to [Read more]
Advantage Oil & Gas Ltd: Glacier Montney Production Increased to Record 200 mmcfe/d (33,300 boe/d)
(TSX: AAV, NYSE: AAV) CALGARY, April 12, 2016 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce Glacier production has increased to a record 200 mmcfe/d (33,300 boe/d) as planned. Annual production for 2016 is expected to be within our previously announced Budget production guidance range of 190 to 210 mmcfe/d and is supported by a current standing well inventory of 18 completed and 14 uncompleted wells. These wells will be utilized to achieve our [Read more]
Ironhorse Announces 2015 Fourth Quarter and Year End Results
CALGARY, April 11, 2016 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG) announces its fourth quarter and full year 2015 financial and operating results and year-end reserves information. The Company's year-end reserves evaluation with the effective date of December 31, 2015 was prepared by Sproule Associates Limited in accordance with definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook ("COGE Handbook") and NI 51-101 [Read more]
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