CALGARY, Nov. 5, 2014 /CNW/ - Seven Generations Energy Ltd. (TSX:VII) (the "Company" or "7G") is pleased to announce that it has completed its previously announced initial public offering (the "Offering") of 51.75 million common shares (including 6.75 million common shares issued pursuant to the previously announced exercise in full of the over-allotment option) at $18 per common share for aggregate gross proceeds to 7G of $931.5 million. The underwriting syndicate was co-led by RBC Capital [Read more]
Ikkuma Resources Corp. Announces Closing of Previously Announced Acquisition of Additional Assets in the Alberta Foothills and Guidance and Operations Update
CALGARY, Nov. 4, 2014 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") is pleased to announce that it has now closed the previously announced acquisition of certain petroleum and natural gas assets located in several areas of the Western Canadian foothills, including the Brown Creek, Stolberg, Deanne, Burnt Timber, Moose, Jumping Pound, and Ricinus areas in Alberta (collectively, the "Assets"). The purchase price was $23.2 MM, which is subject to adjustments. Current production [Read more]
Penn West Announces its Financial Results for the Third Quarter Ended September 30, 2014 and Preliminary 2015 Outlook
CALGARY, Nov. 5, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West", the "Company", "we", "us" or "our") is pleased to announce its financial results for the third quarter ended September 30, 2014. All figures are in Canadian dollars unless otherwise stated. Certain comparative figures for the three and nine month periods ended September 30, 2013 are as restated. Three months ended September 30 Nine months ended September [Read more]
Whitecap Resources Inc. announces 2014 third quarter results and 2015 budget
CALGARY, Nov. 4, 2014 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that we have filed on SEDAR our unaudited interim financial statements and related Management's Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2014. Selected financial and operational information is outlined below and should be read in conjunction with Whitecap's unaudited interim financial statements and related MD&A which are [Read more]
Madalena Announces New Oil & Gas Discovery
TSXV Trading Symbol: MVNOTC Trading Symbol: MDLNF CALGARY, Nov. 4, 2014 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTC: MDLNF) is pleased to provide the following operational update. KEY HIGHLIGHTS: CANADA Successfully drilled and completed a new horizontal oil and gas exploration discovery (100% WI) in the Nordegg formation on Madalena's Western Canadian assets. This new discovery well flowed continuously up 7 inch casing and ended its initial clean-up period [Read more]
Bellatrix Exploration Ltd. Reports Record Year-to-Date Production, Funds Flow from Operations, Net Profit and Third Quarter 2014 Financial Results
TSX, NYSE: BXE CALGARY, Nov. 4, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) reports record year-to-date production, funds flow from operations, net profit and third quarter 2014 financial results. Forward-Looking Statements This press release, including the report to shareholders, contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and the other matters set forth at the beginning of the [Read more]
Veresen Receives Clearance from the Committee on Foreign Investment in the United States for its Previously Announced US$1.425 Billion Acquisition of 50% Interest in the Ruby Pipeline
CALGARY, Nov. 3, 2014 /CNW/ - Veresen Inc. ("Veresen") (TSX: VSN) is pleased to announce that it has received notice from the Committee on Foreign Investment in the United States ("CFIUS") that there are no unresolved national security issues relating to Veresen's previously announced acquisition of the 50% convertible preferred interest owned by Global Infrastructure Partners in the Ruby pipeline system for US$1.425 billion. The clearance by CFIUS was without conditions and terminates CFIUS [Read more]
PrairieSky Royalty Announces Third Quarter 2014 Results
(All figures are in Canadian dollars) CALGARY, Nov. 3, 2014 /CNW/ - PrairieSky Royalty Ltd. ("PrairieSky") (TSX:PSK) is pleased to announce its third quarter financial results for the period ended September 30, 2014. Third Quarter Highlights Funds from Operations of $68.7 million or $0.53 Adjusted Funds from Operations Per Share (basic) Production averaged 15,448 boe/d (43% crude oil, 10% NGLs and 47% natural gas) As at September 30, 2014 working capital was $75.2 million, [Read more]
Seven Generations Announces Underwriters’ Notice of Exercise of Over-Allotment Option
CALGARY, Nov. 3, 2014 /CNW/ - Seven Generations Energy Ltd. (TSX:VII) (the "Company" or "7G") is pleased to announce that it has received notice from RBC Capital Markets, Credit Suisse Securities (Canada), Inc. and Peters & Co. Limited (the "Co-Lead Underwriters") on behalf of the underwriters including BMO Nesbitt Burns Inc., CIBC World Markets Inc., Jefferies LLC, Scotia Capital Inc., TD Securities Inc., AltaCorp Capital Inc., National Bank Financial Inc., Canaccord Genuity Corp., Cormark [Read more]
Palliser provides update on proposed Maha amalgamation
CALGARY, Oct. 31, 2014 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE: PXL) announces that the proposed amalgamation of the Company and Maha Energy Inc. ("Maha") pursuant to an amalgamation agreement between the Company and Maha dated July 30, 2014 (the "Amalgamation Agreement"), as described in the Company's press release of July 30, 2014, will be modified and delayed. In particular, the proposed bond financing by Maha will not be advanced at present. [Read more]
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