CALGARY, Alberta - PrairieSky will release its Q2 2021 results on Monday, July 19, 2021 after markets close. The news release detailing PrairieSky’s Q2 2021 results will provide operating and financial information. Financial statements along with management’s discussion and analysis will be available on PrairieSky’s website at www.prairiesky.com and on SEDAR at www.sedar.com. A conference call to discuss the results will be held for the investment community on Tuesday, July 20, 2021 beginning [Read more]
Shell second quarter 2021 update note
The Hague, July 7, 2021 − As a result of strong operational and financial delivery, combined with an improved macro-economic outlook, Shell will move to the next phase of its capital allocation framework and, subject to final Board approval, increase total shareholder distributions to within the range of 20-30% of CFFO, starting at the Q2 results announcement. The level of additional distributions will be determined with full visibility of the Q2 financial results. In the second quarter, [Read more]
InPlay Oil Corp. provides operations update highlighted by record corporate quarterly production
CALGARY, Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to provide an operations update. InPlay’s average production in the second quarter of 2021 is forecast to be approximately 5,325 boe/d(1) (70% light oil & NGLs) based on field estimates, representing a record quarterly production rate for the Company. Production is ahead of forecast as a result of the continued outperformance of six 100% Cardium wells drilled in Pembina, three of which [Read more]
Pieridae announces resignation of CFO
CALGARY, Alberta - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) today announced that Rob Dargewitcz has resigned as Chief Financial Officer (“CFO”) of the Company, effective July 30, 2021, to pursue other opportunities. The Company noted that Mr. Dargewitcz’s departure is not related to any issues or disagreements regarding Pieridae’s financial disclosures or accounting policies and practices. We thank Mr. Dargewitcz for his service. The Company will soon begin a process to [Read more]
TC Energy commences NAFTA claim following revocation of Keystone XL Presidential Permit
CALGARY, Alberta - News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced today it has filed a Notice of Intent to initiate a legacy North American Free Trade Agreement (NAFTA) claim under the United States-Mexico-Canada Agreement to recover economic damages resulting from the revocation of the Keystone XL Project’s Presidential Permit. TC Energy will be seeking to recover more than US$15 billion in damages that it has suffered as a result of the U.S. [Read more]
Pieridae evaluating Goldboro LNG strategic alternatives
CALGARY, Alberta - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) today released the following statement from Chief Executive Officer Alfred Sorensen with respect to a future path for the Company’s Goldboro LNG Project: ‘While Pieridae has made tremendous progress in advancing the Goldboro LNG Project, as of June 30, 2021, we have not been able to meet all of the key conditions necessary to make a final investment decision. Following consultation with our Board, we have made [Read more]
Razor Energy Corp. announces deferral of interest payment
CALGARY, Alberta - Razor Energy Corp. ("Razor" or the "Company") (TSXV: RZE) is announcing that it will be deferring the scheduled June 30, 2021 interest payment to the Alberta Investment Management Corporation (“AIMCo”) under the existing $50.1 million Term Loan Facility (the “Amended Term Loan Facility”). The interest will be capitalized, adding to the principal of the existing Amended Term Loan Facility. The Amended Term Loan Facility matures on January 31, 2024 and bears an interest rate [Read more]
Petrus Resources announces extension to credit agreements
CALGARY, Alberta - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) announces its syndicate of lenders has extended the borrowing base termination date on its senior revolving credit facility agreement from June 30, 2021 to July 14, 2021. Petrus has been advised that effective June 15, 2021, Macquarie Bank Limited has assigned the Company’s second lien term loan to a third party, Blue Oak Partners (Canada) Inc. Subsequent to such assignment, the new lender under the Company's second [Read more]
InPlay Oil Corp. announces renewal of credit facility
CALGARY, Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce that the annual renewal of its syndicated Senior Credit Facility by its lenders has been completed on a fully conforming basis. InPlay’s Senior Credit Facility has been reconfirmed at $65 million, comprised of a $55 million revolving credit facility and a $10 million operating line of credit, with the maturity date being extended to May 30, 2022. The Senior Credit Facility has been [Read more]
Prairie Provident reports on AGM voting results
CALGARY, Alberta - Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") announces the results of voting on matters submitted to shareholders at the Company's annual meeting held today. Election of Directors At the meeting, each of Patrick McDonald, Mimi Lai, Derek Petrie, Ajay Sabherwal and Rob Wonnacott was nominated for election as a director of the Company for the ensuing year. Each such nominee was elected by ordinary resolution, for a term of office ending at the [Read more]
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