CALGARY, Dec. 16, 2014 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce that its Board of Directors has approved a 2015 capital budget of $125 million. TORC's strategic objectives associated with the 2015 capital budget are consistent with the Company's long term objectives of delivering disciplined growth in combination with a sustainable dividend while maintaining financial flexibility. TORC's 2015 capital budget exhibits a measured approach to the [Read more]
Madalena Provides Complete Information to Shareholders, Forms Special Committee and Adopts Advance Notice By-Law
TSXV Trading Symbol: MVNOTC Trading Symbol: MDLNF CALGARY, Dec. 15, 2014 /CNW/ - Madalena Energy Inc. (TSX-V: MVN) and (OTC: MDLNF) (the "Corporation" or "Madalena") announces that the Board of Directors (the "Board") has met to review the matters raised in the letter received from Maglan Capital LP's ("Maglan") on December 8, 2014, and to consider how best to address them. To that end, the Board has appointed a special committee (the "Special Committee") comprised of two recently appointed [Read more]
Madalena Announces 2015 Capital Budget and Corporate Updates
CALGARY, Dec. 15, 2014 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTC: MDLNF) is pleased to announce its 2015 capital program of CDN$48.2 million (the "2015 Capital Budget"). The 2015 Capital Budget, which is anticipated to be funded by funds generated from operations and working capital, will focus on the Company's strategic unconventional and scaleable resource plays in Argentina with additional capital targeted primarily for Argentinean conventional development [Read more]
Pacific NorthWest LNG and the District of Port Edward reach property tax agreement
PORT EDWARD, BC, Dec. 15, 2014 /CNW/ - The District of Port Edward and Pacific NorthWest LNG announced today that a 25 year agreement-in-principle in support of infrastructure and services totaling approximately $150 million has been reached. The landmark agreement guarantees the District of Port Edward $3.25 million per year, escalating over the life of the agreement, paid in the form of property taxes complemented by front-end contributions by Pacific NorthWest LNG for district infrastructure [Read more]
Northern Blizzard Resources Inc. Announces December 2014 Dividend
CALGARY, Dec. 15, 2014 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard") (TSX: NBZ) announced today a dividend of $0.08 per common share for December 2014. The dividend will be payable on January 15, 2015 to shareholders of record on December 31, 2014. The ex-dividend date is December 29, 2014. This dividend has been designated as an eligible dividend under the Income Tax Act (Canada). Northern Blizzard Northern Blizzard is a Calgary, Alberta based Canadian crude oil production and [Read more]
Toscana Energy Confirms December Dividend
CALGARY, Dec. 15, 2014 /CNW/ - Toscana Energy Income Corporation ("Toscana Energy" or the "Company") (TSX: TEI) confirms that the cash dividend of $0.135 per common share (or the equivalent of $0.405 per common share on a quarterly basis) of the Company ("Common Share") to be paid on January 15, 2015 in respect of December 2014 production of the Company for shareholders of record on December 31, 2014. The ex-dividend date is December 29, 2014. Once paid, total cash dividends distributed by the [Read more]
Whitecap Resources Inc. confirms monthly dividend for December of $0.0625 per share
CALGARY, Dec. 15, 2014 /CNW/ - Whitecap Resources Inc. (TSX: WCP) is pleased to announce that a cash dividend of Cdn. $0.0625 per common share in respect of December operations will be paid on January 15, 2015 to shareholders of record on December 31, 2014. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Whitecap Resources Inc. is a dividend paying, oil-weighted company focused on providing sustainable monthly dividends to its shareholders and per share [Read more]
Apache Corporation announces the sale of Wheatstone and Kitimat LNG projects to Woodside Petroleum Limited
HOUSTON, Dec. 15, 2014 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced it has agreed to sell its interest in two LNG projects, Wheatstone LNG and Kitimat LNG, along with accompanying upstream oil and gas reserves, to Woodside Petroleum Limited (ASX: WPL) for a purchase price of $2.75 billion. Apache will also be reimbursed for its net expenditure in the Wheatstone and Kitimat LNG projects between June 30, 2014, and closing which is estimated to be approximately $1 [Read more]
Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for January 15, 2015 Payment Date
CALGARY, Dec. 15, 2014 /CNW/ - Vermilion Energy Inc. ("Vermilion") (TSX, NYSE: VET) is pleased to announce a cash dividend of $0.215 CDN per share payable on January 15, 2015 to all shareholders of record on December 31, 2014. The ex-dividend date for this payment is December 29, 2014. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Vermilion is an oil-leveraged producer that seeks to create value through the acquisition, exploration, development and [Read more]
Twin Butte Energy confirms December dividend payment
CALGARY, Dec. 15, 2014 /CNW/ - Twin Butte Energy Ltd. (TSX:TBE) ("Twin Butte" or the "Company") confirms that its cash dividend in respect of December 2014 production will be $0.016 per share. The eligible dividend will be paid on January 15, 2015 to shareholders of record on December 31, 2014. The ex-dividend date is December 29, 2014. These dividends are designated as "eligible dividends" for Canadian income tax purposes. Twin Butte has a Dividend Reinvestment Plan ("DRIP") that provides a [Read more]
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