BOE Report

Connacher Oil and Gas Provides Production and Financial Forecast for 2015

CALGARY, Feb. 2, 2015 /CNW/ - Connacher Oil and Gas Limited (CLL – TSX; "Connacher" or the "Company") provides its forecast ("Forecast") for 2015 in the context of its previously announced recapitalization transaction (the "Recapitalization"). This Forecast is based upon the following assumptions: Commodity Price Assumptions Average WTI price of US$49.75/bbl for 2015 Based on an exchange of US$1 = C$1.16, the Company assumes a 2015 average WCS price of $41.30 AECO 5A gas prices have [Read more]

Connacher Oil and Gas Announces Proposed Recapitalization Transaction and Provides Q4 2014 Operational Update

CALGARY, Jan. 30, 2015 /CNW/ - Connacher Oil and Gas Limited (CLL – TSX; "Connacher" or the "Company") announced today a proposed recapitalization transaction (the "Recapitalization") aimed at significantly reducing the Company's debt and annual interest expense, and providing additional liquidity to fund ongoing operations. The Recapitalization provides for, among other things: Exchange of approximately C$1.0 billion of Connacher's debt for common shares of Connacher, including accrued and [Read more]

Madalena Provides an Operations Update and Posts an Updated Corporate Presentation

CALGARY, Jan. 30, 2015 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTC: MDLNF) provides the following operational update and posts a new corporate presentation on its website at www.madalenaenergy.com DOMESTIC OPERATIONS UPDATE – WESTERN CANADA On January 28, 2015, Madalena was advised by Keyera Corp. ("Keyera") that Keyera's Paddle River gas plant will be shut down for a minimum period of two months commencing February 1, 2015 due to current economic conditions and [Read more]

NEB approves Woodside Energy LNG export license

CALGARY, Jan. 29, 2015 /CNW/ - The National Energy Board (NEB or Board) approved the application of Woodside Energy Holdings Pty Ltd. (Woodside Energy) for a 25 year natural gas export licence with a maximum term quantity of 807 billion cubic metres1. The export point would be in the vicinity of Grassy Point, north of Prince Rupert, British Columbia at the outlet of the loading arm of a proposed natural gas liquefaction terminal.  The issuance of this licence is subject to the approval of the [Read more]

ARC Resources Ltd. announces closing of over-allotment option on bought deal financing

CALGARY, Jan. 29, 2015 /CNW/ - (ARX - TSX)  ARC Resources Ltd. ("ARC") announced today that the over-allotment option granted to the underwriters with the previously announced bought deal financing has been fully exercised and closed. A total of 2.329 million common shares have been issued at a price of $22.55 per share for gross proceeds of approximately $52 million.  The issue was made through a syndicate of underwriters led by RBC Capital Markets and including Scotia Capital Inc., BMO [Read more]

Bellatrix Announces Updated 2015 Capital Budget, Guidance and Recently Executed Commodity Fixed Price Contracts

TSX, NYSE: BXE CALGARY, Jan. 29, 2015 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) announces an updated 2015 net capital budget and operational outlook, and provides an update on its recent commodity price risk management activities. 2015 Revised Capital Expenditure Plans and Operational Guidance In response to continued volatility of oil and gas prices, Bellatrix announces an updated 2015 net capital budget of up to $200 million, reduced from the [Read more]

Toscana Energy renews Normal Course Issuer Bid

CALGARY, Jan. 29, 2015 /CNW/ - Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX: TEI) today announces that a Notice of Intention to renew its Normal Course Issuer Bid (the "Bid") has been approved by its Board of Directors (the "Board") and has been filed with and accepted by the Toronto Stock Exchange.  The Corporation believes that the purchase of its shares at recent market prices is a worthwhile investment since, in its view, recent market prices of its shares do not [Read more]

Connacher Announces Resignation of Director

CALGARY, Jan. 29, 2015 /CNW/ - Connacher Oil and Gas Limited (CLL – TSX; "Connacher" or the "Company") announces that Mr. Greg Boland has tendered his resignation as a director of the Company effective January 29, 2015. The Company would like to thank Mr. Boland for his contributions. About Connacher Connacher is a Calgary-based in situ oil sands developer, producer and marketer of bitumen. The Company holds a 100 per cent interest in approximately 450 million barrels of proved and [Read more]

Ivanhoe Energy provides update on initiatives to obtain additional financing and the status of the interest payment on convertible debentures

VANCOUVER, Jan. 28, 2015 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) (TSX: IE.DB) today announced that the company continues to be actively engaged in discussions with various stakeholders to recapitalize the company. Strategic and financial alternatives under consideration are focused on relieving the financial burden of the company's current debt structure and obtaining additional financing necessary to fund ongoing operations. There can be no assurance that the current process will [Read more]