BOE Report

Bellatrix Exploration Ltd. Announces $250 Million Bought Deal Financing, Increase in 2014 Capital Expenditure Budget and Exit Guidance

CALGARY, May 27, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT:  BXE) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters to issue, on a bought deal basis, 25,650,000 common shares ("Common Shares") at a price of $9.75 per Common Share for aggregate gross proceeds of approximately $250 million (the "Offering"). Bellatrix has also granted the underwriters an option (the [Read more]

Pinecrest Energy Inc. announces its first quarter 2014 results

CALGARY, May 26, 2014 /CNW/ - Pinecrest Energy Inc. ("Pinecrest" or the "Company") is pleased to announce that it has filed on SEDAR its unaudited financial statements and related Management's Discussion and Analysis ("MD&A") for the three month period ending March 31, 2014.  The statements will be available for review at www.sedar.com or www.pinecrestenergy.com. March 31 Three months ended 2014 2013 FINANCIAL Petroleum and natural gas [Read more]

Advantage Announces Appointment of New Board Director

(TSX: AAV, NYSE: AAV) CALGARY, May 26, 2014 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce the appointment of Mr. Grant B. Fagerheim to the Board of Directors. Mr. Fagerheim is currently the President and Chief Executive Officer of Whitecap Resources Inc. ("Whitecap") and also serves as the Chairman of the Board of Whitecap.  Mr. Fagerheim's extensive oil and gas industry experience will complement and strengthen the Advantage Board as the [Read more]

Bellatrix Exploration Ltd. Announces Lender Approval of Increase to its Credit Facilities

CALGARY, May 26, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix") (BXE.TO) announces that its syndicate of lenders, led by National Bank Financial as Sole Lead Arranger and Book Runner and National Bank of Canada as Administrative Agent, has approved, subject to completion of final documentation, an increase to the Company's borrowing base and credit facilities to $625 million from $500 million. Based upon its semi-annual borrowing base review for May 31, 2014, this 25% increase of $125 [Read more]

Connacher Completes First Lien Term Loan Facility and Amends Credit Facility

CALGARY, May 23, 2014 /CNW/ - Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") announced today that it has closed the previously announced first lien term loan facility in an aggregate principal amount of US$128.4 million (equivalent of C$140 million) (the "Term Loan Facility"). Credit Suisse arranged a syndicate of institutional investors for the Term Loan Facility. Loans under the Term Loan Facility were advanced at 99% of par and bears interest at LIBOR plus 6% (1% [Read more]

PanTerra Resource Corp. Announces Closing of Recapitalization and Appointment of New Management Team

CALGARY, May 22, 2014 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Corporation") is pleased to announce that it has received the written consent of a majority of its shareholders to: (i) its previously announced non-brokered private placement of up to an aggregate of approximately $20 million (the "Private Placement"); and (ii) the appointment of a new management team and board of directors (collectively, the "New Management Team"). PanTerra is also pleased to announce that it has closed [Read more]

Seven Generations Energy Ltd. Announces New Executive Appointment

CALGARY, May 22, 2014 /CNW/ - On behalf of the management team and Board of Directors of Seven Generations Energy Ltd. (the "Company" or  "7G"), Mr. Pat Carlson, Chief Executive Officer, is pleased to announce that  Mr. Marty Proctor has agreed to join the Company as President and Chief Operating Officer. Marty comes to 7G with over 27 years of diversified petroleum engineering and oil and gas management experience, most recently as the Chief Operating Officer of a publicly traded Canadian [Read more]

Sunshine Oilsands Ltd. Announces Launch of US $325 Million Offering of Senior Secured Notes

CALGARY, Alberta and HONG KONG, May 22, 2014 /CNW/ - Reference is made to the announcement of Sunshine Oilsands Ltd. ("Sunshine" or the "Corporation"; HKEX: 2012; TSX: SUO) dated May 19, 2014 (the "Announcement"). Sunshine is pleased to announces that on May 22, 2014 in Hong Kong (May 22, 2014 in Calgary) it intends to offer (the "Offering") US $325,000,000 aggregate principal amount of senior secured notes of the Corporation maturing in 2019 (the "Notes"). The terms and conditions of the [Read more]

Connacher Announces New First Lien Term Loan Facility

CALGARY, May 22, 2014 /CNW/ - Connacher Oil and Gas Limited (CLL - TSX; "Connacher" or the "Company") stated today that it has placed the previously announced first lien term loan facility in an aggregate principal amount of US dollar equivalent of C$140 million (the "Term Loan Facility"). The Term Loan Facility will be placed with a syndicate of institutional investors, bears interest at LIBOR plus 6% (1% LIBOR floor) and is expected to close and be funded on or about May 27, 2014, subject to [Read more]

NEB Releases Short-term Canadian Natural Gas Deliverability 2014-2016

CALGARY, AB, May 20, 2014 /CNW/ - The Natural Energy Board today released its Short-term Canadian Natural Gas Deliverability, 2014-2016 Energy Market Assessment (EMA). This EMA examines the factors that affect natural gas supply in Canada in the short term, and presents an outlook for Canadian natural gas deliverability from the beginning of 2014 to the end of 2016. Over the period assessed in the EMA, deliverability is expected to rise gradually, as declines in the output of dry natural gas are [Read more]