HONG KONG, Jan. 19, 2016 /CNW/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) today announced its business strategy and development plan for the year 2016. The Company's net production target for 2016 is in the range of 470-485 million barrels of oil equivalent (BOE), of which approximately 66% and 34% are produced in China and overseas respectively. The net production targets set for 2017 and 2018 are around 484 and 502 million BOE respectively. The estimated net [Read more]
Perpetual Energy Inc. Announces Successful Closing of Rights Offering
CALGARY, Jan. 18, 2016 /CNW/ - (TSX: PMT) – Perpetual Energy Inc. ("Perpetual" or the "Company") is pleased to announce the successful closing of its previously announced rights offering which expired on January 15, 2016 (the "Rights Offering"). The Rights Offering together with the equity backstop arrangement generated approximately $25 million in gross proceeds to the Company which will be used to fund the Company's 2016 capital expenditure program. The Company issued an aggregate of 665.4 [Read more]
Connacher Provides Operational Update
CALGARY, Jan. 18, 2016 /CNW/ - Connacher Oil and Gas Limited (CLC – TSX; "Connacher" or the "Company") announces that in light of exceptionally low commodity prices, the Company plans to further reduce production at Great Divide. Average production for the month of January is expected to be 7,000 to 8,000 barrels per day. February and March production is expected to be 3,000 to 4,000 barrels per day. Both plants at Great Divide will remain operating the majority of this time and equipment [Read more]
TSX Venture Exchange Daily Bulletins
VANCOUVER, Jan. 15, 2016 /CNW/ - TSX VENTURE COMPANIES ABCOURT MINES INC. ("ABI")BULLETIN TYPE: Private Placement-Non-BrokeredBULLETIN DATE: January 15, 2016TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing the documentation with respect to a Non-Brokered Private Placement: Number of Shares: 4,934,500 flow-through class B shares Purchase Price: $0.06 per flow-through class B share Number of Placees: 15 Placees Insider / Pro Group [Read more]
TORC Oil & Gas Ltd. Confirms Monthly Dividend for January 2016
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, Jan. 15, 2016 /CNW/ -TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG) is pleased to confirm that a dividend of $0.045 per common share will be paid on February 15, 2016 to common shareholders of record on January 31, 2016. The ex-dividend date is January 27, 2016, with payment to be made in cash or common shares at the election of the shareholder. Any common shareholder choosing [Read more]
Twin Butte Energy announces amendments to bank credit facilities and provides operational update
CALGARY, Jan. 15, 2016 /CNW/ - Twin Butte Energy Ltd. (TSX:TBE) ("Twin Butte" or the "Company") today announced amendments to the Company's bank credit facilities and provided an operational update. Twin Butte has finalized the semi-annual review of its bank credit facility with its bank syndicate. The Company's total credit facilities have been amended to $225 million, consisting of a $115 million revolving syndicated facility, a $25 million operating facility, and an $85 million non-revolving [Read more]
Northern Blizzard Resources Inc. Announces January 2016 Dividend
CALGARY, Jan. 15, 2016 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard") (TSX: NBZ) announced today a dividend of $0.04 per common share for January 2016. The dividend will be payable on February 16, 2016 to shareholders of record on January 29, 2016. This dividend has been designated as an eligible dividend under the Income Tax Act (Canada). Northern Blizzard offers a Stock Dividend Program ("SDP") where shareholders may elect to receive their dividends in the form of common [Read more]
Pembina Pipeline Corporation Announces Closing of $170 Million Preferred Share Offering and Declares Initial Dividend
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ CALGARY, Jan. 15, 2016 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has closed its previously announced public offering of cumulative redeemable minimum rate reset class A preferred shares, Series 11 (the "Series 11 Preferred Shares") for aggregate gross proceeds of $170 million (the "Offering"). The Offering was announced on [Read more]
Report by Brattle Economists Reveals Increasing Competition Between Renewable Power and LNG-Fueled Gas-Fired Generation in Global Energy Markets
CAMBRIDGE, Mass., Jan. 15, 2016 /PRNewswire/ -- A new report by economists at global consulting firm The Brattle Group finds that competition between renewable power and gas-fired generation using liquefied natural gas (LNG) from North America is increasing in overseas markets as a result of declining renewable power costs. This increasing competition has significant ramifications for the many LNG export projects now in development across North America and for buyers of LNG that have signed [Read more]
Surge Energy Inc. Confirms January 2016 Dividend
CALGARY, Jan. 15, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on February 15, 2016 in respect of January 2015 production, for the shareholders of record on January 31, 2016 will be $0.0125 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Surge Energy Inc. is an oil-weighted production and development company with high quality, large oil in place, crude oil reservoirs. Management [Read more]
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