CALGARY, Feb. 11, 2014 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to provide the following operational update. Cequence recently evaluated available diagnostic data derived from its 01-21 and 02-21 Montney wells and has successfully completed the first phase of the planned remediation plan. Diagnostic analysis of the wells, which were drilled off the 07-29 pad, revealed that the heel portion of both wells were still suitable for frac operations. As such, [Read more]
Longview Announces Update on Unsolicited Non-Binding Proposal
CALGARY, Feb. 11, 2014 /CNW/ - Longview Oil Corp. ("Longview" or the "Company") announces that further to its press release issued earlier today regarding the receipt of an unsolicited non-binding proposal (the "Proposal") from a public oil and gas company (the "Interested Party") to purchase all of the issued and outstanding shares of Longview ("Longview Shares"), Longview has been advised that the Interested Party has submitted an expression of interest to the underwriters (the "Underwriters") [Read more]
Longview Announces Receipt of Unsolicited Non-Binding Proposal, Formation of a Special Committee and Directors Approval of Shareholder Rights Plan
CALGARY, Feb. 10, 2014 /CNW/ - Longview Oil Corp. ("Longview" or the "Company") announces today that it has received an unsolicited non-binding proposal (the "Proposal") from a public oil and gas company (the "Interested Party") to purchase all of the issued and outstanding shares of Longview ("Longview Shares"). Under the non-binding Proposal, the Interested Party proposes to purchase the Longview Shares in exchange for shares of the Interested Party. The Proposal is based on an exchange ratio [Read more]
Sunshine Oilsands Ltd. Announces Closing of the Private Placement of HK$76.5 Million of Common Shares and Warrants to Jin Quan Limited Under the General Mandate
CALGARY, Alberta and HONG KONG, Feb. 7, 2014 /CNW/ - CLOSING OF PRIVATE PLACEMENT TO JIN QUAN LIMITED Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012, TSX: SUO) is pleased to announce today that it has completed the closing (the "Closing") of its private placement of 45,000,000 units of the Corporation (the "Units") to Jin Quan Limited ("Jin Quan") at a price of HK$1.70 per Unit (approximately CDN$0.24 per Unit) (the "Jin Quan Placement"), which was announced by the [Read more]
Perpetual Energy Inc. Provides Additional Information with Respect to 2014 Outlook and Sensitivities
CALGARY, Feb. 6, 2014 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is providing additional information as follows to provide further clarity with respect to its 2014 sensitivities including commodity price assumptions. OUTLOOK Perpetual's strategic priorities for 2014 are as follows: Reduce debt and manage downside risks; Grow Edson liquids-rich gas production, reserves, cash flow, inventory and value; Maximize value of Mannville heavy [Read more]
Aurora enters into agreement for proposed acquisition by Baytex for A$4.10 cash per share
TSX and NYSE listed Baytex proposes to acquire 100% of Aurora via a Scheme of Arrangement ('Scheme') Scheme price of A$4.10 cash per Aurora share ('Scheme Consideration'), implying a market capitalisation of A$1,840 million The Scheme Consideration represents a 52% premium to Aurora's one-week VWAP to 6 February 2014, being the last trading day before execution of the Scheme Implementation Deed, and a 46% premium to Aurora's one-month VWAP Aurora Directors unanimously recommend Aurora [Read more]
MEG Energy records fifth consecutive year of production growth
Solid fourth quarter operating results set the stage for a strong 2014 CALGARY, Feb. 6, 2014 /CNW/ - MEG Energy Corp. today reported fourth quarter and full-year 2013 operational and financial results. Highlights include: Strong performance from the recently commissioned Phase 2B project and continued success of RISER driving record exit production of 48,557 barrels per day (bpd), 13% above the top end of guidance and setting a strong foundation for MEG's near-term target of 80,000 bpd by [Read more]
ARC Resources Ltd. reports fourth quarter and year end 2013 results
CALGARY, Feb. 5, 2014 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its fourth quarter 2013 operating and financial results. Fourth quarter production averaged 100,883 boe per day and funds from operations were $237.8 million ($0.76 per share). ARC's Audited Consolidated Financial Statements and Notes, as well as ARC's Management's Discussion and Analysis ("MD&A") for years ended December 31, 2013 and 2012, are available on ARC's website at www.arcresources.com and on [Read more]
ARC Resources Ltd. announces sixth consecutive year of 200 per cent or greater produced reserves replacement in 2013
CALGARY, Feb. 5, 2014 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") released today its 2013 year-end reserves and resources information. "I am really pleased with our team's performance again this year. We added significant reserves at a low finding cost through the drill bit and continued to convert our large reserve and resource base into production and cash flow," stated Myron Stadnyk, President and CEO. HIGHLIGHTS Replaced approximately 200 per cent of 2013 total production, adding [Read more]
Perpetual Energy Inc. Releases 2013 Year-End Reserves and Provides Operational Update, Commodity Price Risk Management Update and 2014 Capital Program Guidance
CALGARY, Feb. 4, 2014 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to release a summary of the Company's year-end 2013 reserves as reported by the independent engineering firm McDaniel and Associates Consultants Ltd. ("McDaniel"). Overall, the results of Perpetual's capital investment program in 2013 were extremely positive, with reserve additions replacing production by close to 2.5 times. The majority of the 2013 reserve additions [Read more]
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