BOE Report

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]

Pembina Pipeline Corporation Announces $600 Million Public Note Offering

CALGARY, Jan. 28, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL, NYSE: PBA) announced today that it has agreed to offer $600 million of senior unsecured medium-term notes (the "Offering"). The Offering will be conducted in two tranches consisting of $450 million in senior unsecured medium-term notes, series 5 (the "Series 5 Notes") having a fixed coupon of 3.54% per annum, paid semi-annually, and maturing on February 3, 2025, and $150 million through the [Read more]

Ikkuma Resources Corp. Provides Operations Update, Reduces its Capital Budget by 49%, and Exceeds its 2014 Forecast Exit Rate

CALGARY, Jan. 28, 2015 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") is pleased to announce that the Corporation achieved an average production rate of 7,150 boe/d for the month of December 2014, exceeding its previous guidance of 7,000 boe/d, due in part to a lower than expected corporate decline rate of 18%. Due to the recent decline in commodity prices, the Corporation is reducing its 2015 capital program by 49%, to $23 million from $46 million. In light of Ikkuma's [Read more]

Cenovus responds to low oil prices with additional reductions to its capital budget

CALGARY, Jan. 28, 2015 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is further reducing its 2015 capital spending in order to preserve cash and maintain the strength of its balance sheet. The company has identified approximately $700 million in additional capital expenditures originally planned for 2015 that can be deferred until crude oil prices recover. "We have great assets, we're in a strong financial position and we have the flexibility in our capital plan to make these additional [Read more]

Seven Generations to Hold Conference Call for Year End 2014 Results

CALGARY, Jan. 27, 2015 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") (TSX: VII) plans to announce financial and operating results for the year ended December 31, 2014 after the close of markets on Tuesday, March 10, 2015.  7G management plans to hold a conference call to discuss results and address investor questions on Wednesday, March 11, 2015 at 9:00 a.m. MST (11 a.m. EST).    Conference Call Details: Date: Wednesday, March 11, 2015 Time: 9:00 a.m. MST (11:00 [Read more]

Whitecap Resources Inc. Announces 66% Increase to 2014 Year End Reserves and Provides 2015 Revised Guidance

CALGARY, Jan. 27, 2015 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report record production in the fourth quarter of 2014 of 37,600 boe/d (74% oil and NGLs) and a 2014 exit rate of 37,000 boe/d. Average production volumes in the fourth quarter were 850 boe/d higher than our initial forecast of 36,750 boe/d, providing a strong and stable base production platform heading into 2015. We are also pleased to present the results of our 2014 year end oil and [Read more]

InterOil Corporation Announces Presentation Update

SINGAPORE and PORT MORESBY, Papua New Guinea, Jan. 27, 2015 /CNW/ -- InterOil Corporation (NYSE: IOC; POMSoX: IOC) has posted an address delivered by its CEO, Dr Michael Hession, at the Credit Suisse Oil and Gas Investor Conference in Singapore today. The speech refers to slides from the Business Update presentation of January 12, 2015. The address and presentation are on the company's website at www.interoil.com. About InterOil InterOil Corporation is an independent oil and gas business with a [Read more]

Plains Midstream Canada Selects AX4energy Joint Venture Accounting Module from mcaConnect

DENVER, Jan. 26, 2015 /CNW/ -- mcaConnect, LLC (mcaConnect) announced today that Plains Midstream Canada (PMC), an indirect subsidiary of Plains All American Pipeline L.P., has chosen the AX4energy Joint Venture Accounting module for Microsoft Dynamics AX, developed by mcaConnect. Based in Calgary, Alberta, Canada, with assets across North America, PMC focuses on midstream activities – the wide range of facilities and services needed to connect oil and gas producers with refiners, petroleum [Read more]

ARC Resources Ltd. Announces the Closing of Bought Deal Financing

CALGARY, Jan. 26, 2015 /CNW/ - (ARX - TSX)   ARC Resources Ltd. ("ARC") announced today that it has closed the previously announced bought deal financing. A total of 15.53 million common shares have been issued at a price of $22.55 per share for gross proceeds of approximately $350 million.  The issue was made through a syndicate of underwriters led by RBC Capital Markets and including Scotia Capital Inc., BMO Capital Markets, CIBC World Markets Inc., TD Securities Inc., National Bank [Read more]

HNZ Group Inc. announces new Nova Scotia offshore oil and gas support contract

MONTREAL, Jan. 26, 2015 /CNW Telbec/ - HNZ Group Inc. (TSX: HNZ.A, HNZ.B) (the "Corporation"), an international provider of helicopter transportation and related support services, is pleased to announce that it has been awarded a contract by Shell Canada Energy ("Shell") to provide offshore personnel and cargo transport, medevac and search and rescue services from Halifax, Nova Scotia, Canada. The services will be delivered by HNZ's subsidiary Canadian Helicopters Ltd, which has provided [Read more]