CALGARY, Alberta - Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is taking further actions in response to the decline in global oil prices to bolster balance sheet strength and corporate resiliency. Upsized Contingent Bitumen Royalty Athabasca is pleased to announce an upsizing of the previously completed Contingent Bitumen Royalty with Burgess Energy Holdings L.L.C. (the “Royalty”) for additional cash consideration of $70 million. Athabasca has now raised total cash [Read more]
Devon Energy Changes Time of First-Quarter 2020 Earnings Call to 10am ET
OKLAHOMA CITY, April 28, 2020 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) will host its first-quarter 2020 earnings conference call one hour earlier than previously announced. The conference call will be held at 9 a.m. Central Time (10 a.m. Eastern Time) on Wednesday, May 6. The call will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon’s website at www.devonenergy.com. A replay will be available on the [Read more]
Suncor Energy to release first quarter 2020 financial results and hold Annual General Meeting of shareholders
CALGARY, Alberta - Suncor will release its first quarter financial results on May 5, 2020 before 8:00 p.m. MT (10:00 p.m. ET). A webcast to review the first quarter will be held on May 6 at 7:30 a.m. MT (9:30 a.m. ET). Representing management will be Mark Little, president and chief executive officer and Alister Cowan, chief financial officer. A question and answer period with analysts will follow brief remarks from management. Trevor Bell, vice president, Investor Relations will host the [Read more]
Baytex provides annual general meeting update
CALGARY, Alberta - Baytex Energy Corp. ("Baytex")(TSX, NYSE: BTE) will hold its 2020 annual general meeting (the "Meeting") on Thursday, May 7, 2020 at 3:00pm (MDT). The Meeting has been moved from its original location and will now be held at Baytex’s Calgary office located at 2800, 520 – 3rd Ave SW. Due to restrictions on gatherings implemented by the Government of Alberta in response to the COVID-19 (Coronavirus) outbreak, guidelines issued with respect to social distancing and out of [Read more]
Return Energy Inc. (to be renamed Spartan Delta Corp.) upsizes previously announced private placement to $64.0 million
CALGARY, Alberta - Return Energy Inc. d.b.a. Spartan Delta Corp. ("Spartan" or the "Company") (RTN: TSXV) is pleased to announce that, as a result of excess confirmed and committed institutional demand, it has increased its previously announced financing of subscription receipts ("Subscription Receipts") detailed in its press release dated April 23, 2020, to 3,200,000,000 Subscription Receipts at a price of $0.02 per Subscription Receipt to now raise gross proceeds of $64.0 million (the "Private [Read more]
Delphi Energy Corp. Granted extension of stay period to May 8, 2020 and provides update on continuous disclosure filings
CALGARY, Alberta - Delphi Energy Corp. (“Delphi” or the “Company”) announces that Delphi has obtained an order from the Court of Queen’s Bench of Alberta (the “Court”) today in support of its restructuring efforts under the Companies’ Creditors Arrangement Act (the “CCAA”). This order amended and restated the initial order of the Court to, among other things, extend the stay period provided by the initial order to May 8, 2020. Update on Continuous Disclosure Filings and Annual General [Read more]
Bellatrix announces filing of year end 2019 financial and operating results and timing of release of annual reserves disclosure
CALGARY, Alberta - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") announces that it has filed its annual audited financial statements and related management’s discussion and analysis for the year ended December 31, 2019 with the Canadian securities regulatory authorities on SEDAR. In addition, Bellatrix announces the results of its year end independent evaluation of its reserves. InSite Petroleum Consultants Ltd. ("InSite") independently evaluated the reserves associated with 100% of [Read more]
TC Energy reaches five-year revenue requirement settlement with NGTL System customers
CALGARY, Alberta – News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) announced today that its wholly-owned subsidiary, NOVA Gas Transmission Ltd. (NGTL), has reached a five-year negotiated revenue requirement settlement with its customers and other interested parties that extends from 2020 to 2024. “This settlement is the result of a collaborative engagement with our customers and is responsive to the needs of both the industry and our business,” said Russ Girling, TC Energy [Read more]
InPlay Oil Corp. provides corporate update
CALGARY Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) provides an operations and corporate update in response to the COVID-19 pandemic. The COVID–19 pandemic has led to an unprecedented decrease in oil prices as a result of world oil demand destruction. Accordingly, InPlay has acted prudently in March and April in order to stabilize our financial position and to preserve the value of our crude oil reserves for an eventual price recovery. As previously [Read more]
Bellatrix announces sale transaction in connection with its strategic process
CALGARY, Alberta - Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) announces a sale transaction (the “Transaction”) pursuant to which Return Energy Inc. (to be renamed Spartan Delta Corp.), through its wholly-owned subsidiary, Winslow Resources Inc. (the “Purchaser”), will acquire substantially all of the assets of Bellatrix for cash consideration of $87.4 million plus the assumption of certain liabilities at closing. The Transaction remains subject to the approval of the Court of [Read more]
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