CALGARY, Alberta - Painted Pony Energy Ltd. (“Painted Pony”) (TSX: PONY) is pleased to announce that at a special meeting held today (the “Meeting”), its shareholders and optionholders voted to approve its previously announced proposed transaction with Canadian Natural Resources Limited (“Canadian Natural”) (TSX, NYSE: CNQ). Painted Pony and Canadian Natural entered into a definitive agreement on August 10, 2020 (the “Arrangement Agreement”) for the proposed acquisition of Painted Pony by [Read more]
Petrus Resources announces fourth quarter capital budget and market update
CALGARY, Alberta - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) announces its fourth quarter 2020 capital budget and provides a market update. Petrus' Board of Directors approved a fourth quarter 2020 capital budget of $4.7 million, which includes the drilling of 1.0 (1.0 net) well. As a result of favourable fall weather conditions, drilling of the well was commenced in late Q3. MARKET UPDATE Since March 2020, there has been unprecedented stress on both oil and natural gas [Read more]
Cardinal Energy Ltd. announces extension of revolving credit facility
CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal") (TSX: CJ) has received approval to extend the revolving period applicable to the Company’s existing reserves-based credit facility to October 30, 2020. The credit facility continues to be available, on a revolving basis, until that date. In connection therewith, the date for the re-determination of the borrowing base has also been extended to October 30, 2020. Cardinal has hedged a substantial amount of our oil production for the remainder of [Read more]
Shell third quarter 2020 update note
The Hague − This is an update to the third quarter 2020 outlook provided in the second quarter results announcement on July 30, 2020. The impacts presented here may vary from the actual results and are subject to finalisation of the third quarter 2020 results. Unless otherwise indicated, presented impacts relate to Adjusted Earnings on a post-tax basis. INTEGRATED GAS Production is expected to be between 820 and 860 thousand barrels of oil equivalent per day. LNG liquefaction [Read more]
NuVista Energy Ltd. reduces minimum volume commitments and increases liquidity
CALGARY, Alberta - NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce the successful renegotiations of our Minimum Volume Commitments (“MVCs”) under various processing and transportation agreements, and the successful consummation of an agreement for Letters of Credit (“LC”) support in the amount of $40 million with Export Development Canada (“EDC”). The adjustments to our MVCs profile provides NuVista with: A successful reduction of approximately 20% in [Read more]
TC Energy and Natural Law Energy sign historic MOU facilitating one of the largest Indigenous equity investments of its kind in North American infrastructure
Investments to include Keystone XL and other future TC Energy projects CALGARY, Alberta - Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) and Natural Law Energy (NLE) today announced they have signed a Memorandum of Understanding (MOU) for NLE to pursue an equity interest in the Keystone XL Project and other potential related midstream and power projects. This MOU exemplifies the strong commitment TC Energy and NLE have made to create a meaningful and significant long-term [Read more]
Pieridae engages EPCC contractor Bechtel
Bechtel Brings a High Level of LNG Experience & Expertise CALGARY, Alberta - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) is pleased to announce that it has signed a services agreement with respected global engineering firm Bechtel related to Pieridae’s 2-Train Goldboro LNG Facility. Some of the key deliverables in the services agreement are: Initiating a detailed review of the scope and design of the Goldboro LNG Facility and developing a comprehensive engineering, [Read more]
Cequence Energy announces conclusion of CCAA proceedings
CALGARY, Alberta - Cequence Energy Ltd. (“Cequence” or “the Company“) announces that it has implemented the previously announced plan of compromise and arrangement (the “Plan”) of the Company, under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) which was sanctioned on September 17, 2020 by order of the Court of Queen’s Bench of Alberta (the “Court”) under the CCAA. The previous common shares of the Company have been cancelled, and the issuance of new common shares of Cequence [Read more]
Fuelled places No. 5 on The Globe and Mail’s second-annual ranking of Canada’s top growing companies
CALGARY, Alberta -- Fuelled is pleased to announce it has placed No. 5 on the Globe and Mail’s 2020 Report on Business ranking of Canada’s Top Growing Companies; it is also the top Alberta company on this year’s ranking. Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth. Fuelled earned its spot with three-year growth of 6,661%. Fuelled is the exclusive online reseller of new and used idle energy equipment. The company’s platform allows vetted and trusted [Read more]
Cequence Energy announces court sanction of plan of compromise and arrangement and update on continuous disclosure filings
CALGARY, Alberta - Cequence Energy Ltd. (“Cequence” or “the Company“) announces that the previously announced plan of compromise and arrangement (the “Plan”) of the Company, under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) was sanctioned today by order of the Court of Queen’s Bench of Alberta (the “Court”) under the CCAA. Cequence’s creditors approved the Plan at a creditors’ meeting held on Tuesday September 15, 2020. At the creditors’ meeting 100% of the votes cast by the [Read more]
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