CALGARY, Jan. 5, 2016 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Us", or "Our") (TSX, NYSE: VET) is pleased to announce that our Board of Directors has approved an exploration and development ("E&D") capital budget for 2016 of $285 million. Highlights Budgeted E&D investment of $285 million for 2016 represents a 41% decrease from 2015 forecasted E&D investment of $485 million, and a 59% decrease from 2014 investment of $688 million. Production guidance for 2016 is 62,500 to [Read more]
Bellatrix to Present at the TD Securities London Energy Conference and Announces Updated Commodity Risk Management Contracts
TSX, NYSE: BXE CALGARY, Jan. 5, 2016 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce it will be presenting at the TD Securities London Energy Conference in London, England on Tuesday, January 12, 2016. Bellatrix maintains an active risk management program, and over the past several months has added several natural gas fixed price swap contracts through the summer season (April to October 2016) to further enhance Bellatrix's [Read more]
Penn West Receives Continued Listing Standard Notification From The New York Stock Exchange Regarding The Price Of Its Common Stock
CALGARY, Jan. 5, 2016 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West", "we", "us" or "our") announces that it received notification on January 4, 2016 from the New York Stock Exchange (the "NYSE") that Penn West is no longer in compliance with one of the NYSE's continued listing standards applicable to Penn West because the average closing price of Penn West's common stock was less than US$1.00 per share over a consecutive 30 trading day period. As of December 30, [Read more]
Seymour Schulich Releases Open Letter to Canadian Oil Sands Shareholders: Why I’m Not Selling to Suncor at This Price — And You Shouldn’t Either
CALGARY, Jan. 5, 2016 /CNW/ - (TSX: COS) - Canadian Oil Sands Limited shareholder Seymour Schulich has written a letter to shareholders, that is also featured in full page advertisements in the Globe and Mail and Financial Post, urging them to reject Suncor Energy Inc.'s ("Suncor") hostile bid. In the letter, Schulich makes it clear Suncor is "offering an unacceptable price for an irreplaceable asset" and why shareholders should join with him in rejecting Suncor's hostile bid. The text of [Read more]
Canadian Oil Sands Issues Declaration of Independence
The alternative to Suncor's bid is compelling and clear: Independence CALGARY, Jan. 4, 2016 /CNW/ - Canadian Oil Sands Limited (TSX: COS)(OTCQX: COSWF) ("COS" or "Canadian Oil Sands") issued the following declaration that shareholders' interests are best served by remaining independent as a unique, highly valuable company when Suncor Energy Inc.'s ("Suncor") hostile bid expires on January 8, 2016: Dear Fellow Shareholders, Acting together in the short term means we can remain independent [Read more]
Riverstone Seneca B.V. Announces Extension of Offer to Acquire Common Shares and Warrants of CIOC (Canadian International Oil Corp.)
CALGARY, Dec. 31, 2015 /CNW/ - Riverstone Seneca B.V. ("Riverstone"), an affiliate of Riverstone Holdings LLC, announced today that as of 5:00 p.m. (EST) on December 29, 2015, approximately 54,290,198 common shares ("Common Shares") of Canadian International Oil Corp. ("CIOC") and approximately 77,868,910 Common Share purchase warrants with an exercise price of $1.20 per warrant ("Warrants") had been validly deposited pursuant to the previously announced offer of Riverstone (the "Offer") to [Read more]
Vermilion Energy Inc. Announces Achievement of First Gas Production from Corrib Project
CALGARY, Dec. 30, 2015 /CNW/ - Vermilion Energy Inc. ("Vermilion", "the Company", "We", "Us", or "Our") (TSX, NYSE: VET) is pleased to announce that natural gas began to flow at our Corrib gas project in Ireland on December 30, 2015. Production levels at Corrib are expected to rise over a period of approximately six months to a peak rate estimated at 58 mmcf/d (9,700 boe/d), net to Vermilion. "First gas marks an important milestone for Vermilion" said Lorenzo Donadeo, CEO of Vermilion. [Read more]
Vermilion Energy Inc. Announces Receipt of Final Consent for Corrib Project and Anticipation of First Gas Prior to Year End
CALGARY, Dec. 29, 2015 /CNW/ - Vermilion Energy Inc. ("Vermilion", "the Company", "We", "Us", or "Our") (TSX, NYSE: VET) is pleased to announce that Shell E&P Ireland Limited ("Shell"), operator of the Corrib project, has received the final remaining consent required for production from the office of Ireland's Minister for Communications, Energy and Natural Resources. The Corrib partners (Shell, Vermilion and Statoil Exploration Ireland Limited) are now focused on final preparations to [Read more]
Canadian Oil Sands Sends New Letter to Shareholders: A Full Share of COS is Worth More Than a Quarter Share of Suncor
CALGARY, Dec. 29, 2015 /CNW/ - (TSX: COS) — Canadian Oil Sands Limited is mailing a letter to all shareholders advising them to reject Suncor's undervalued and opportunistic bid. It warns shareholders of Suncor's fear-mongering tactics and urges them not to succumb to Suncor's pressure tactics, knowing the value and upside of the asset they currently hold. To REJECT the Suncor bid, shareholders should simply TAKE NO ACTION. Do not tender your shares of Canadian Oil Sands Limited. For [Read more]
Alternative Earth Resources' Black Sea Merger Update
VANCOUVER, Dec. 24, 2015 /CNW/ - Alternative Earth Resources Inc. ("AER") (TSX.V: AER) is pleased to provide an update and additional background to the proposed acquisition by AER of Black Sea Copper & Gold Corp. ("Black Sea"). Refer to the AER News Releases dated October 20, 2015, and December 3, 2015 for additional background details of the proposed transaction. As was disclosed in the News Release dated December 11, 2015, the Supreme Court of British Columbia (the "Court") has rendered its [Read more]
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