BOE Report

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]

SNC Lavalin, Devon Energy Canada, AMECFW, CNRL, Fluor Corporation, and Nexen Ltd. to speak at the upcoming 4th Annual Modular Construction, Prefabrication & Logistics Canada Summit

CALGARY, Alberta, Dec. 18, 2014 /CNW/ -- SNC Lavalin, Devon Energy Canada, AMECFW, CNRL, Fluor Corporation, and Nexen Ltd. have come on board as speakers at IQPC's 4th Annual Modular Construction, Prefabrication & Logistics Canada Summit to be held this March 23 – 25, 2015 in Calgary, AB.  With the decreasing cost of the barrel, the Keystone XL pipeline stuck in limbo and continuing cost-overruns for construction projects both large and small – there has never been a more crucial time to [Read more]

Ikkuma Resources Corp. Announces Stock Option Grant

TSX Venture Exchange: IKM CALGARY, Dec. 18, 2014 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSX VENTURE: IKM) has granted 834,100 stock options to directors, officers, employees and consultants of Ikkuma at an exercise price of $1.19. The stock options have been granted pursuant to Ikkuma's 10% rolling stock option plan and will expire five years from the date of grant.  All of the stock options vest as to one third thereof on each of the first, second and third [Read more]

Twin Butte announces revised 2015 capital plan and dividend reduction

CALGARY, Dec. 18, 2014 /CNW/ - Twin Butte Energy Ltd. ("Twin Butte") (TSX: TBE) The industry has seen a significant drop in oil pricing over the last 7 weeks, which even with Twin Butte's strong hedge position could negatively impact the Company's cash flow for 2015. To ensure the viability of the Company's business plan and to position for potential business opportunities a market downturn may bring, a reduction in both the 2015 capital plan and the dividend is being implemented. The [Read more]

Enerplus Announces Cash Dividend for January 2015

CALGARY, Dec. 18, 2014 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) announces that a cash dividend in the amount of CDN$0.09 per share will be payable on January 15, 2015 to all shareholders of record at the close of business on December 31, 2014. The ex-dividend date for this payment is December 29, 2014. The CDN$0.09 per share dividend is equivalent to approximately US$0.08 per share if converted using the current Canadian/US dollar exchange rate of 0.8599. The U.S. dollar [Read more]

National Energy Board responding to Enbridge pumping station release in the City of Regina

CALGARY, Dec. 17, 2014 /CNW/ - The National Energy Board (NEB) is responding to a release of crude oil at the Enbridge Pipelines Inc. Regina Terminal pump station. The pump station is located in the industrial section of the City of Regina. The company estimates that approximately 1350 barrels of crude oil was released. The pump station and pipeline was immediately shut in and cleanup operations are underway. The release is contained within the company's Regina Terminal retention pond. There [Read more]

Hawk Announces Operational Update, First Half 2015 Budget and Updated Corporate Presentation

CALGARY, Dec. 17, 2014 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the "Corporation") is pleased to announce an operational update and provide guidance on the Corporation's 2015 capital budget. Operational Update Hawk drilled three (3.0 net) oil wells in western Saskatchewan in the fourth quarter of 2014 all of which are now currently on production. At Rush Lake, the Corporation drilled one (1.0 net) slant well in the fourth quarter of 2014 which encountered oil pay in the Waseca and Sparky/GP [Read more]

Enerplus Announces 2015 Guidance: Reduced Spending, Continued Financial Flexibility and Restrained Growth

This news release includes forward-looking statements and information within the meaning of applicable securities laws.  Readers are advised to review the "Forward-Looking Information and Statements" at the conclusion of this news release.  For information regarding the presentation of certain information in this news release, see "Currency, BOE and Operational Information" at the conclusion of this news release. CALGARY, Dec. 17, 2014 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) [Read more]