OTTAWA, May 25, 2015 /CNW/ - Canada's energy leaders in industry and associations, academics, government officials, First Nations' leaders, professional service providers, and ENGO representatives from across Canada's energy sector will meet in Toronto for the Energy Council of Canada's 2015 Canadian Energy Summit. Telling the Energy Story is the central theme for the Summit. The aim is to raise awareness and improve understanding of the many ways that the energy sector influences the economy, [Read more]
Penn West Announces Finalization of Amending Agreements with its Lenders
CALGARY, May 25, 2015 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West", "we", "our" or the "Company") is pleased to announce that it has finalized and entered into definitive amending agreements with the lenders under its syndicated bank facility and the holders of its senior notes to, among other things, amend its financial covenants as initially disclosed by the Company in its press release issued on March 12, 2015 announcing its year-end financial and operational results [Read more]
NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS
TO BE HELD AT 8:00 A.M. ON JUNE 24, 2015 (HONG KONG TIME)AND 6:00 P.M. ON JUNE 23, 2015 (CALGARY TIME) HONG KONG and CALGARY, Alberta, May 25, 2015 /PRNewswire/ -- NOTICE IS HEREBY GIVEN that the annual general meeting (the "Meeting") of the holders (the "Shareholders") of Class "A" Common Voting Shares (the "Shares") of Sunshine Oilsands Ltd. ("Sunshine" or the "Corporation") will be held at the United Conference Centre, Room 2, 10/F, United Centre, 95 Queensway, Admiralty, Hong Kong on June [Read more]
Cenovus temporarily shuts down Foster Creek due to forest fire; Workers safely evacuated from operations as a precaution
CALGARY, May 25, 2015 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has safely evacuated all staff from its Foster Creek oil sands and Athabasca natural gas operations and shut down production as a precaution due to a forest fire on the Cold Lake Air Weapons Range (CLAWR) in northeastern Alberta. The forest fire is currently burning about 25 kilometres south of Cenovus's Foster Creek facility. There has been no damage to the Foster Creek infrastructure at this time. The decision to send [Read more]
Questerre enters into MOU for oil shale acreage in Jordan
CALGARY, May 22, 2015 /CNW/ - Questerre Energy Corporation ("Questerre" or the "Company") (TSX,OSE:QEC) announced today that it has entered into a memorandum of understanding ("MOU") with the Ministry of Energy and Mineral Resources of the Hashemite Kingdom of Jordan for the appraisal and development of oil shale acreage in Jordan. The MOU encompasses two blocks covering 388 square kilometers in the Isfir-Jafr area, approximately 200 km south of the capital, Amman. To date, a total of 35 core [Read more]
Progress Energy Canada Ltd. to pay $250,000 for an offence under the Migratory Birds Convention Act, 1994
FORT ST. JOHN, BC, May 22, 2015 /CNW/ - Progress Energy Canada Ltd. pleaded guilty on May 20, 2015, in Fort St. John, British Columbia Provincial Court, and was ordered to pay a total of $250,000 in penalties for an offence under the Migratory Birds Convention Act, 1994, that occurred on May 3, 2012. Environment Canada's investigation determined that migratory birds died as a result of their exposure to condensate, a form of petroleum liquid hydrocarbon. There were no deterrence measures in [Read more]
Virginia Hills Oil Corp. Announces First Quarter Results and 2015 Guidance
CALGARY, May 22, 2015 /CNW/ - Virginia Hills Oil Corp. ("Virginia Hills" or the "Company") announces that it has filed on SEDAR its financial statements and related management's discussion and analysis ("MD&A") for the three months ended March 31, 2015. The financial statements and MD&A are available for review at www.sedar.com or www.virginiahillsoil.com. Financial and Operating Results for Q1, 2015 March 31 Three months [Read more]
Marquee Energy Ltd. Announces First Quarter 2015 Financial Results with Record Production
CALGARY, May 21, 2015 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") announces record production for the first quarter of 2015. First quarter production increased 6% from the previous quarter to 5,536 boe/d. The Company's financial statements and Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2015 are available on SEDAR at www.sedar.com and on Marquee's website at www.marquee-energy.com. 2015 FIRST QUARTER HIGHLIGHTS Achieved [Read more]
Mountainview Energy Ltd. Announces 2015 First Quarter Financials
CUT BANK, MT, May 21, 2015 /CNW/ - Mountainview Energy Ltd. ("Mountainview" or the "Company") (TSX-V: MVW) announces its operating and financial results for the quarter ended March 31, 2015. The Company also announces that its financial statements and management's discussion and analysis for the quarter ended March 31, 2015, are available on SEDAR at www.sedar.com, and on Mountainview's website at www.mountainviewenergy.com. Quarter End Financials During the first quarter of 2015, [Read more]
Bellatrix Announces Closing of Private Offering of US$250 Million of Senior Notes Due 2020
CALGARY, May 21, 2015 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce that it has closed its private offering of US$250 million of 8.500% senior unsecured notes due 2020 (the "notes"). Bellatrix intends to use the net proceeds from the note offering to partially repay borrowings outstanding under its bank credit facility, thereby strengthening the Company's capital structure and increasing the Company's liquidity. In accordance with [Read more]
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