CALGARY, April 4, 2014 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") announces the closing of a C$633 million secondary offering of common shares by certain of its founding major shareholders (the "Selling Shareholders") at a price of C$25.00 per share to a group of institutional investors. The Selling Shareholders, which consist of funds managed by ARC Financial, KERN Partners, Natural Gas Partners and ZBI Ventures, continue to hold approximately 31% of the common shares of the [Read more]
Ironhorse Announces Reserve Values for the Pembina Nisku L2L Oil Pool as at December 31, 2013 and Advises of Potential Transportation Disruptions
CALGARY, April 3, 2014 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the "Company") (TSX-V: IOG). announces that Sproule Associates Limited, has evaluated Ironhorse's primary property, the Pembina Nisku L2L Oil Pool as at December 31, 2013 in accordance with National Instrument 51-101. Detailed reserves information will be included in Ironhorse's Oil and Gas Annual Disclosure which will be filed on Sedar on or before April 28, 2014. The summary information that follows has been derived [Read more]
Bellatrix announces the successful commissioning of the Blaze pipeline
CALGARY, April 2, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce that Bellatrix has completed a 1.6 km river bore and a 7 km pipeline in conjunction with Blaze Energy Ltd. ("Blaze") completing a 55 km pipeline to tie-in Bellatrix natural gas for processing in the Blaze gas plant located at 04-31-048-12W5. Bellatrix has secured firm processing capacity of 100 MMcf/d in the plant. The pipeline was commissioned on April 1, 2014 [Read more]
Cenovus prepays refining partnership contribution payable
Early payment reduces interest costs CALGARY, April 1, 2014 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has prepaid its US$2.7 billion partnership contribution payable to WRB Refining LP of which Cenovus is a 50% owner. This resulted in a net cash payment of approximately US$1.35 billion from Cenovus. With the creation of WRB Refining in 2007, Cenovus's U.S. partner, Phillips 66, contributed the Wood River and Borger refineries and Cenovus contributed a note payable of US$7.5 billion. [Read more]
Yangarra Grants Stock Options
CALGARY, March 31, 2014 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX-V:YGR) announces stock option grant. Yangarra announces it has granted officers and directors options to purchase 1,420,000 common shares at an exercise price of $0.90 per share, pursuant to its stock option plan. All the options vest over three years and will expire on March 31, 2019. [Read more]
PanTerra Increases Reserves in 2013 & SEDAR Files F1 Report
TSX-V: PRC CALGARY, March 31, 2014 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Company") is pleased to announce that its oil and gas evaluation by the Company's independent engineering firm, Trimble Engineering Associates Ltd for the year ended December 31, 2013, conducted pursuant to National Instrument 51-101 standards of disclosure for oil and gas activities and the Canadian Oil and Gas Evaluation Handbook (COGEH) reserve definitions has increased over last years' reported numbers. [Read more]
Surge and Longview Announce $429 Million Strategic Business Combination
Surge Announces Upward Revision to 2014 Guidance, and 11 Percent Increase in Dividend CALGARY, March 31, 2014 /CNW/ - Surge Energy Inc. (TSX: SGY) ("Surge" or the "Company") and Longview Oil Corp. (TSX: LNV) ("Longview") are pleased to announce today that they have entered into an arrangement agreement, pursuant to which Surge has agreed to acquire all of the issued and outstanding common shares of Longview by way of a plan of arrangement transaction. The proposed transaction results in the [Read more]
New NEB Report Provides Overview of Key Energy Market Dynamics
CALGARY, March 31, 2014 /CNW/ - Today the National Energy Board (NEB or the Board) released a new energy market assessment entitled Canadian Energy Dynamics: 2013. The assessment provides an overview of key elements in Canada's energy markets, and how these elements changed in 2013. The energy sector in Canada is dynamic and continually being shaped by new sources of supply, changing demand, and integrated infrastructure development. Important developments in Canadian energy markets in 2013 [Read more]
Longview Announces 2013 Year End Financial Results and Independent Reserve Report
CALGARY, March 27, 2014 /CNW/ - Longview Oil Corp. ("Longview" or the "Corporation") (TSX: LNV) announces the financial and operating results for the year ended December 31, 2013 and the accompanying reserves as of December 31, 2013. Three months ended Year ended December 31, December 31, 2013 2012 2013 2012 Financial ($000, except as otherwise indicated) [Read more]
Advantage Announces 2013 Year End Financial & Operating Results and Glacier Operational Update
CALGARY, March 27, 2014 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to report the unconsolidated financial and operating results (excludes Longview Oil Corp.) for the three months and year ended December 31, 2013. Advantage's remaining non-core assets which had a production rate of approximately 5,600 boe/d were divested on April 30, 2013. As a result, financial and operating results during the second half of 2013 are more representative of our industry [Read more]
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