BOE Report

Perpetual Energy Inc. announces upsizing and pricing of previously announced senior unsecured notes offering

CALGARY, July 18, 2014 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual" or the "Corporation") is pleased to announce the pricing of its offering of C$125 million aggregate principal amount of 8.75% Senior Unsecured Notes due July 23, 2019 (the "Notes") at par (the "Offering"), upsized from the previously announced C$100 million. Perpetual expects the Offering to close on or about July 23, 2014. The Notes were offered in each Province of Canada on a private placement basis through a [Read more]

Ivanhoe Energy Proposes Share Consolidation to Preserve NASDAQ Listing

CALGARY, July 18, 2014 /CNW/ - Ivanhoe Energy Inc. (TSX: IE) (NASDAQ: IVAN) has scheduled a special meeting of shareholders to be held on August 13, 2014. The purpose of the special meeting is to give shareholders the opportunity to approve a proposal to effect a share consolidation or reverse-split as a means of regaining compliance with NASDAQ's minimum bid price requirements prior to September 2, 2014. Details of the proposal are included in the proxy materials mailed to shareholders of [Read more]

Connacher Provides Q2 2014 Operational and Capital Plan Updates, AGM Results and Conference Call Details

CALGARY, July 17, 2014 /CNW/ - Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") provides an operational update for the second quarter 2014 ("Q2 2014"), a finalized 2014-2015 capital plan ("Capital Plan"), AGM voting results and Q2 2014 conference call details. Operational Update Based on field estimates, Connacher's Great Divide production for Q2 2014 averaged 13,700 bbl/d. Production was two per cent higher than the prior quarter (Q1 2014 - 13,433 bbl/d). Pads 101 and [Read more]

Raimount acquires Deep Rights in Woolford, Alberta

CALGARY, July 16, 2014 /CNW/ - Raimount Energy Inc. ("Raimount") is pleased to announce that effective July 10, 2014, it and two joint interest partners (both private companies owned and controlled by related parties) have acquired the deep petroleum and natural gas rights (the "Deep Rights") in approximately 20,900 acres of land in the Woolford area of Southwestern Alberta (the "Woolford Assets") for $420,000 from a third party operator. Under the terms of the area joint operating agreement, [Read more]

Perpetual Energy Inc. confirms closing of East Edson Joint Venture and announces intention to issue $100 million of Senior Unsecured Notes

CALGARY, July 16, 2014 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual" or the "Company") is pleased to announce that it has successfully closed the previously announced East Edson Joint Venture (the "East Edson JV"). Proceeds to Perpetual include $50 million for the sale of a 50 percent gross overriding royalty on existing producing assets (the "Producing Royalty") and an additional $70 million to fund Wilrich development activities to earn a second royalty (the "Drilling Royalty"). In [Read more]

Journey Energy Inc. announces implementation of dividend policy, drip and stock dividend program and declaration of monthly dividend for July 2014

CALGARY, July 15, 2014 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to announce that it has adopted a dividend payment policy and in connection therewith has also adopted a dividend reinvestment plan (the "DRIP") and a stock dividend program (the "SDP"). Eligible shareholders may elect to participate in the DRIP and/or the SDP commencing with the dividend to be paid on August 15, 2014 to shareholders of record as of July 31, 2014. Participation in the DRIP and [Read more]

National Energy Board Calls on Trans Mountain to File Additional Studies on Pipeline Expansion through Burnaby Mountain

CALGARY, 15 July 2014 /CNW/ - The National Energy Board (NEB or the Board) has directed Trans Mountain ULC (Trans Mountain) to file additional information on the feasibility of routing a four km portion of the proposed Trans Mountain Expansion Project through Burnaby Mountain. The company recently advised the NEB that this corridor is now the preferred option, a change from the original pipeline corridor filed with the project application in December 2013. On 3 June 2014, the NEB issued an [Read more]

Sunshine Oilsands Ltd. Announces Appointment of Executive Director

CALGARY, Alberta and HONG KONG, July 13, 2014 /CNW/ - The board of directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation"; HKEX: 2012; TSX: SUO) is pleased to announce that Mr. HU Jin, alias Jimmy Hu, ("Mr. Hu") has been appointed as an executive director of the Corporation with effect from 14 July 2014. Mr. Hu will have executive responsibility as Senior Vice President, Corporate Strategies. As announced on 27 June 2014, Mr. Hu had originally been appointed as a non-executive [Read more]

Twin Butte Energy Completes Private Placement

CALGARY, July 8, 2014 /CNW/ - Twin Butte Energy Ltd. (TSX: TBE) ("Twin Butte") is pleased to announce that it has completed its previously announced common share private placement. At closing, Twin Butte issued 1,817,220 common shares at a price of $1.80 per common share (representing the VWAP of the common shares on the TSX for the five trading days prior to the announcement of the private placement) to officers, directors and employees of Twin Butte for total gross proceeds of approximately [Read more]

PanTerra Resource Corp. Announces Details of Rights Offering

CALGARY, July 7, 2014 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Corporation") is pleased to announce that it has set July 18, 2014 (the "Record Date") as the record date for the previously announced rights offering (the "Rights Offering") to the holders of common shares of PanTerra ("Common Shares"). Pursuant to the Rights Offering, each holder of Common Shares on the Record Date will receive one transferable right (a "Right") for every Common Shares held. Every eight Rights will [Read more]