BOE Report

Keyera Announces Closing of Ricinus Gas Plant Acquisition

CALGARY, Dec. 31, 2014 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today that it has closed its previously announced acquisition of a 70.79% ownership interest in the Ricinus deep-cut gas plant (the "Plant") in west central Alberta for a purchase price of $65 million. Upon closing, Keyera became operator of the facility. About Keyera Keyera Corp. (TSX:KEY) operates one of the largest natural gas midstream businesses in Canada. Its business consists of natural gas gathering and [Read more]

Ivanhoe Energy receives an additional US$540,000 short-term loan from Robert Friedland

VANCOUVER, Dec. 30, 2014 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) (TSX: IE.DB) announced today that the company's working capital has been augmented by a further US$540,000 (approximately C$626,000) provided by founder Robert Friedland. The new funds are in addition to the US$2.2 million (approximately C$2.4 million) secured bridge loan provided by Mr. Friedland in October 2014, details of which are contained in Ivanhoe Energy's October 10, 2014 news release, and brings the [Read more]

Imperial appoints senior vice-president, upstream

B.P. Cahir to succeed T.G. Scott effective January 1 T.G. Scott appointed vice-president of XTO Energy Inc. CALGARY, Dec. 29, 2014 /CNW/ - Imperial Oil Limited announced today the appointment of B.P. (Bart) Cahir as senior vice-president, upstream, effective January 1. Mr. Cahir, currently president and general manager for ExxonMobil Qatar Inc., succeeds T.G. (Glenn) Scott, who has been appointed vice-president, advisory and support team and international ventures, for XTO Energy [Read more]

Northern Blizzard Resources Inc. Announces Revised 2015 Capital Program & Guidance; Maintains Dividend

CALGARY, Dec. 22, 2014 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard" or the "Company") (TSX: NBZ) announces a revised capital program for 2015 in response to the significant decline in crude oil prices. The capital program for 2015 has been reduced by 40% from $215 million to $130 million, which maintains the Company's financial strength while supporting estimated 2015 production of 23,000 boe/d and the monthly dividend of $0.08 per share. Revised 2015 capital [Read more]

Marquee Energy Ltd. Announces Normal Course Issuer Bid

CALGARY, Dec. 22, 2014 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") announces that it intends to implement a normal course issuer bid ("NCIB") through the facilities of the TSX Venture Exchange ("TSXV"). Pursuant to the NCIB, Marquee would be able to purchase for cancellation up to 6,017,034 (5%) of its common shares (the "Shares") issued and outstanding for a one year period, at prevailing market prices. Subject to regulatory approval, the one year period will commence [Read more]

Kitselas First Nation and Pacific NorthWest LNG Announce IBA Term Sheet

TERRACE, BC, Dec. 22, 2014 /CNW/ - Kitselas First Nation and Pacific NorthWest LNG are proud to announce the signing of an Impact Management Benefits Agreement (IMBA) term sheet. The term sheet is an integral step toward concluding negotiations and finalizing an agreement between the two parties. "Our agreement with Pacific NorthWest LNG addresses the environmental and social safeguards we require in negotiations, as well as the delivery of economic, employment and educational benefits for our [Read more]

Bellatrix Announces a Revised 2015 Capital Budget of $300 Million, Updated 2015 Production Guidance, and Achievement of 2014 Exit Rate Production Guidance

CALGARY, Dec. 22, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) announces a revised 2015 capital budget focused on completing its strategic infrastructure initiatives and drilling high rate of return liquids-rich natural gas development opportunities, while maintaining a strong balance sheet. Bellatrix is also pleased to announce it has achieved its 2014 exit rate production guidance. In light of the recent rapid declines in crude oil prices, Bellatrix [Read more]

Journey Energy Inc. reduces 2015 capital budget and amends dividend policy

CALGARY, Dec. 21, 2014 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") announces that its Board of Directors has approved a reduction to the 2015 capital program to $70 million from $90 million and has amended its dividend policy to reflect a monthly dividend of $0.025 per share (previously $0.06 per share) beginning with the dividend payment for February 16, 2015. Journey emerged from its IPO in June of 2014 with the strongest balance sheet in their history and these [Read more]

Keyera to Participate as a 60% Owner in New Gas Plant in West Pembina Area

CALGARY, Dec. 19, 2014 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today that it has agreed to participate as a 60% owner in the Zeta Creek gas plant (the "Plant"), being constructed by Velvet Energy ("Velvet") in the West Pembina area of Alberta. Keyera will be the operator of the Plant, which will have a licensed capacity of 54 million cubic feet per day of sweet gas and be able to extract natural gas liquids. As part of the transaction, Keyera will also participate as a 75% owner [Read more]

Sunshine Oilsands Ltd. Announces Grant of Share Options

CALGARY, Alberta and HONG KONG, Dec. 18, 2014 /CNW/ -- This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). The board of directors of Sunshine Oilsands Ltd. (the "Corporation"; HKEX: 2012, TSX: SUO) announces that share options to acquire shares in the capital of the Corporation were granted by the Corporation to certain directors under its share option scheme adopted on January 26, [Read more]