CALGARY, March 3, 2015 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) ("Cenovus") has closed its previously announced bought-deal common share financing. A total of 67.5 million common shares were sold at a price of $22.25 per share (the "Offering") for gross proceeds of approximately $1.5 billion. Cenovus intends to use the net proceeds from the Offering to partially fund the company's previously announced $1.8 billion to $2.0 billion capital expenditure program for 2015, to repay [Read more]
Athabasca Oil Corporation Announces Receipt of $302.5 Million from Brion Energy Corporation; Conference Call Advisory for 2014 Year-end Results
CALGARY, March 2, 2015 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") announces that it has received payment of $302.5 million from Phoenix Energy Holdings Limited (now Brion Energy Corporation, "Brion"), being the principal and interest payable under the first of three promissory notes issued to the Company by Brion. The payment relates to Athabasca's prior sale of its 40% interest in the Dover oil sands project to Brion, which closed on August 29, 2014. The [Read more]
Jiffy Lube to Launch AIR MILES Reward Program in Canada
Customers to be Rewarded for Jiffy LubePennzoil® Motor Oil and Shell Rotella® Engine Oil Change Services TORONTO, March 2, 2015 /CNW/ - Shell Canada Products, the authorized Canadian licensor and franchisor of the Jiffy Lube brand, and LoyaltyOne, Co., owner and operator of the AIR MILES® Reward Program, announced that Jiffy Lube service centres will now be offering AIR MILES reward miles to customers for oil changes as well as windshield wiper replacement and windshield wiper fluid purchased [Read more]
ESG Solutions Announces Successful HFM Deployment of its Next Generation SuperCable™
Features combined integrated sensors for both Induced Seismic and Microseismic monitoring over six orders of event magnitude HOUSTON, March 2, 2015 /CNW/ -- ESG Solutions, an industry leader in microseismic technology and services has released its latest generation of SuperCable™, a temporary downhole array that now includes low frequency force-balance accelerometers with 2Hz and/or 4.5 Hz geophone sensors in combination with standard 15 Hz geophones, ensuring that over six orders of event [Read more]
Vermilion Energy Inc. Announces 2014 Year-End Summary Reserves and Resource Information
CALGARY, Feb. 27, 2015 /CNW/ - Vermilion Energy Inc. ("Vermilion", the "Company", "We" or "Our") (TSX, NYSE: VET) is pleased to announce summary 2014 year-end reserves and resource information. The estimates of reserves and resources and other oil and gas information contained in this news release has been estimated by GLJ Petroleum Consultants Ltd. ("GLJ") and prepared in accordance with National Instrument 51-101 "Standards of Disclosure for Oil and Gas Activities" of the Canadian Securities [Read more]
Vermilion Energy Inc. Announces Results for the Year Ended December 31, 2014
CALGARY, Feb. 27, 2015 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and audited financial results for the year ended December 31, 2014. HIGHLIGHTS Strong operational execution resulted in annual production that exceeded the top end of our guidance range following three upward revisions during the year. Average annual production for 2014 was 49,573 boe/d, an increase of 21% as compared to 41,005 boe/d in [Read more]
Total Appointed Operator of PRL 15 Joint Venture
SINGAPORE and PORT MORESBY, Papua New Guinea, Feb. 27, 2015 /CNW/ -- InterOil Corporation (NYSE: IOC; POMSoX: IOC) announces that all participants in the PRL 15 Joint Venture have unanimously voted to appoint Total E&P PNG Limited as Operator of the PRL 15 Joint Venture. The appointment will take effect in accordance with an operator transition plan and the terms of the Joint Venture Operating Agreement. The appointment is subject to all necessary PNG Government approvals. About InterOil [Read more]
Pembina maintains secure financial position and delivers record year in 2014
Project execution is tracking on time and on budget; new capital projects and additional secured Phase III pipeline expansion volumes support future growth All financial figures are in Canadian dollars unless noted otherwise. This news release contains forward-looking statements and information that are based on Pembina Pipeline Corporation's ("Pembina" or the "Company") current expectations, estimates, projections and assumptions in light of its experience and its perception of historic [Read more]
Ivanhoe Energy receives delisting notice from TSX
VANCOUVER, Feb. 25, 2015 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) (TSX: IE.DB) announced today that the Toronto Stock Exchange (TSX) has determined to delist the common shares (symbol: IE) and the convertible debentures (symbol: IE.DB) of the company at the close of business on March 26, 2015 for failure to meet the continued listing requirements of the TSX. The common shares and debentures, which were suspended from trading on the TSX on February 20, 2015, will remain suspended until [Read more]
TORC Announces Closing of the Previously Announced Strategic Acquisition in Southeast Saskatchewan
CALGARY, Feb. 25, 2015 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce that it has closed its previously announced acquisition of complementary, conventional light oil assets in southeast Saskatchewan (the "Acquisition"). The strategic Acquisition includes over 1,550 boepd (94% light oil and liquids) of high quality, low decline, light oil producing assets (the "Acquired Assets"). Total consideration for the Acquisition was payable through the [Read more]
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