BOE Report

Penn West regains compliance with the New York Stock Exchange’s continued listing standard regarding the price of its common stock

CALGARY, Dec. 2, 2015 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West", "we", "us" or "our") is pleased to announce that it received notification yesterday from the New York Stock Exchange (the "NYSE") that it has regained compliance with the NYSE's continued listing standard regarding the price of its common stock. On September 4, 2015, Penn West received notification from the NYSE that Penn West had fallen below the NYSE's continued listing standard, which requires a [Read more]

Journey Energy Inc. Announces Borrowing Base Redetermination

CALGARY, Dec. 1, 2015 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") announces that it has completed its semi-annual review of its secured, revolving credit facility.  Effective November 30, the borrowing base has been set at $140 million with no financial covenants.  Previously, the borrowing base was $205 million with a covenant requiring approval of the syndicate for borrowings in excess of $150 million.  The revised credit facility consists of a $15 million working [Read more]

Cequence Energy Provides Credit Facility Update

CALGARY, Dec. 1, 2015 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce the Company has voluntarily elected to reduce its maximum borrowing capacity under its credit facility to $60 million (previously $135 million).  The reduced facility is part of the Company's ongoing cost reduction initiatives and will save excess standby and commitment fees.  The Company is currently undrawn on its credit facility. The Company's capital structure includes senior [Read more]

Union Gas Announces Transportation Open Season

Firm capacity between Dawn, Kirkwall and Parkway starting as early as Nov. 1, 2018 CHATHAM, ON, Dec. 1, 2015 /CNW/ - Union Gas is holding an open season for incremental firm capacity of up to 350,000 GJ/d beginning in 2018 and an additional 600,000 GJ/d in 2019 along the following transportation paths: (a) Dawn to Parkway; (b) Dawn to Kirkwall; and (c) Kirkwall to Parkway. The open season offers firm access to the liquidity and diversity of the Dawn Hub in addition to [Read more]

Montana Exploration Signs Strategic Agreement with U.S Based Utility Increasing Shaunavon Oil Lands and Eagle Gas Lands to 447,000 Acres

CALGARY, Dec. 1, 2015 /CNW/ - Montana Exploration Corp. ("MTZ" or the "Company") (TSXV: MTZ) announced that it has signed an agreement (the "Agreement") with a major regional Utility, to farm-in on approximately 315,000 acres in Blaine and Hill Counties in the State of Montana.  Much of this acreage is "held by production" by shallow gas zones, where deeper targets have been significantly under-exploited.  Pursuant to the Agreement, the Company will drill Eagle gas wells to produce gas that will [Read more]

Bellatrix Announces Borrowing Base Redetermination and Mutual Expiration of Shareholder Agreement with Orange Capital

TSX, NYSE: BXE CALGARY, Dec. 1, 2015 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) announces the results of its semi-annual borrowing base redetermination under the Company's secured revolving credit facilities ("Credit Facility"), resulting in approximately $200 million of available liquidity based on September 30, 2015 debt balances. Effective November 30, 2015, the borrowing base of the Company's Credit Facility has been reduced by 10% from [Read more]

Seven Generations’ lenders increase credit facility by 30 percent to $850 million

7G commences expanded natural gas deliveries to the Chicago market on Alliance Pipeline TSX: VII CALGARY, Dec. 1, 2015 /CNW/ - Seven Generations Energy Ltd. has expanded its existing senior secured credit facility by $200 million to $850 million. This addition to 7G's credit facility is provided by a syndicate of ten financial institutions in recognition of the success of 7G's capital investment and natural gas marketing programs. The increase takes available funding, not including [Read more]

TSX Venture Exchange Daily Bulletins

VANCOUVER, Nov. 30, 2015 /CNW/ - TSX VENTURE COMPANIES ALABAMA GRAPHITE CORP. ("ALP")BULLETIN TYPE:  Resume TradingBULLETIN DATE:  November 30, 2015TSX Venture Tier 2 Company Effective at 5:00 a.m., PST, November 30, 2015, shares of the Company resumed trading, an announcement having been made. :::::::: ATHABASCA NUCLEAR CORP. ("ASC")BULLETIN TYPE:  Regional Office ChangeBULLETIN DATE:  November 30, 2015TSX Venture Tier 2 Company Pursuant to Policy 1.2, TSX Venture Exchange has been [Read more]

Shell takes final investment decision to expand Alpha Olefins production at Geismar chemical plant in US Gulf Coast

HOUSTON, Nov. 30, 2015 /CNW/ -- Shell Chemical LP (Shell) today announces the final investment decision to increase Alpha Olefins (AO) production at its chemical manufacturing site in Geismar, Louisiana, making the site the largest AO producer in the world.  Shell will construct a fourth AO unit, adding 425,000 tonnes of capacity. The chemical site is used in the production of stronger and lighter polyethylene plastic for packaging and bottles, as well as engine and industrial oils and drilling [Read more]

Pembina Pipeline Corporation Announces 2016 Capital Program of $2.1 Billion

(All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to earnings before interest, taxes, depreciation and amortization ("EBITDA") which is a financial measure that is not defined by Generally Accepted Accounting Principles ("GAAP"). For more information about EBITDA, see "Non-GAAP Measures" herein.) CALGARY, Nov. 30, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced that its [Read more]