CALGARY, Alberta, Jan. 08, 2019 (GLOBE NEWSWIRE) -- Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSXV:SPI) (OTCBB:CSPUF) is announcing that amendments have been made to the closing, effective December 3, 2018, of its rights offering equity financing (the "Rights Offering"). CSRI previously reported that the Rights Offering was over-subscribed and that the standby purchaser, Elmag Investments Inc. ("Elmag"), was not required to purchase any additional common shares. Subsequent to [Read more]
Jones Energy, Inc. Extends Preferred Stock Conversion Deadline
AUSTIN, Texas, Jan. 08, 2019 (GLOBE NEWSWIRE) -- Jones Energy, Inc. (OTCQX: JONE) (“Jones Energy” or “the Company”) today announced that its Board of Directors has approved an extension of the conversion window for holders of the Company’s 8.0% Series A Perpetual Convertible Preferred Stock (the “Preferred Stock”). On November 26, 2018, the Company issued a Fundamental Change notice to holders of the Preferred Stock in conjunction with the delisting of the Company’s Class A common stock from [Read more]
Ultra Petroleum Corp. Announces Date of Annual Meeting of Shareholders
ENGLEWOOD, Colo., Jan. 08, 2019 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. ("Ultra Petroleum" or the “Company”) (NASDAQ: UPL) announces that the Company will hold its annual meeting of shareholders on May 22, 2019 at 11:00 a.m. Mountain Time. The meeting will take place at 116 East Inverness Drive, Englewood, Colorado 80112. Shareholders as of the record date, close of business on March 25, 2019, will be entitled to vote at the meeting. About Ultra Petroleum Ultra Petroleum Corp. is an [Read more]
Husky Reminds MEG Energy Shareholders to Tender Well in Advance of January 16 Deadline
CALGARY, Alberta, Jan. 07, 2019 (GLOBE NEWSWIRE) -- Husky Energy (TSX:HSE) reminds MEG Energy shareholders to tender their shares immediately in support of Husky’s full and fair offer announced on September 30, 2018. Under the terms of Husky’s offer, each MEG shareholder has the option to choose to receive consideration per MEG share of $11 in cash or 0.485 of a Husky share, subject to maximum aggregate cash consideration of $1 billion and a maximum aggregate number of Husky shares issued of [Read more]
Suncor Energy provides fourth quarter 2018 operations update
CALGARY, Alberta, Jan. 07, 2019 (GLOBE NEWSWIRE) -- Suncor today provided an operations update for the fourth quarter of 2018, highlighting total upstream production of 831,000 barrels of oil equivalent per day (boe/d), which is a quarterly production record and represents an increase of 12% from the third quarter of 2018. This record-breaking quarter reflects the results of the significant investment developing Fort Hills, and Suncor’s ongoing operational excellence focus across its assets, [Read more]
Petrus Resources Announces Operations Update and 2019 Outlook
CALGARY, Alberta, Jan. 07, 2019 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) is pleased to provide an operations update and its 2019 outlook. With the recent volatility in the price of both Canadian light oil and natural gas, the Company believes that it is prudent to develop a disciplined capital budget that is flexible from an operational and financial perspective. Petrus’ Board of Directors has approved a first quarter 2019 capital budget of $8 to $10 [Read more]
Blackbird Energy Inc. and Pipestone Oil Corp. Announce the Closing of a Strategic Merger and $310 Million in Equity and Debt Financings to Form a Premier High Growth Pure-Play Condensate Rich Montney Company
CALGARY, Alberta, Jan. 04, 2019 (GLOBE NEWSWIRE) -- Blackbird Energy Inc. (“Blackbird”) (TSX-V: BBI) and Pipestone Oil Corp. (“Pipestone Oil”) are pleased to announce that they have closed their previously announced business combination (the “Transaction”), which was completed by way of a plan of arrangement (the “Arrangement”). Concurrent with the Transaction, Blackbird and Pipestone Oil have closed equity financings totaling $111.0 million with certain existing shareholders and Pipestone Oil [Read more]
Peyto Exploration & Development Corp. Announces Closing of Private Placement of Senior Notes
CALGARY, Alberta, Jan. 03, 2019 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") is pleased to confirm that it has closed an issuance of CDN$100 million of senior unsecured notes. The notes have a coupon rate of 4.39% and mature on January 3, 2026. The notes were issued by way of a private placement pursuant to a note purchase agreement and rank equally with Peyto's obligations under its bank facility and existing note purchase agreements. Interest will be [Read more]
TransGlobe Energy Corporation Announces Changes to the Executive Management Team and Board of Directors
AIM & TSX: “TGL” & NASDAQ: “TGA”This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta, Dec. 28, 2018 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (“TransGlobe” or the “Company”) announces an update on the Company's Executive succession and Board of Directors transition plan. EXECUTIVE [Read more]
Encana completes sale of non-core San Juan asset; reaffirms commitment to $1.25 billion share buyback in 2019
CALGARY, Alberta, Dec. 27, 2018 (GLOBE NEWSWIRE) -- TSX, NYSE: ECA Encana Corporation (Encana) announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has completed the previously announced sale of its San Juan asset in New Mexico to Denver-based DJR Energy. “This transaction continues our track record of unlocking value from non-core assets,” said Doug Suttles, Encana President & CEO. “The proceeds from this sale add to our financial strength and strongly support [Read more]
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