BOE Report

Bellatrix Completes Recapitalization Transaction

CALGARY, Alberta, June 04, 2019 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX: BXE) today announced the completion of the recapitalization transaction (the “Recapitalization Transaction”) described in the Company’s management information circular dated April 18, 2019 (the “Information Circular”) and implemented pursuant to the court-approved plan of arrangement under the Canada Business Corporations Act (the “Plan of Arrangement”). “We are pleased to [Read more]

Altura Energy Inc. Announces Board Appointment

CALGARY, Alberta, June 04, 2019 (GLOBE NEWSWIRE) -- Altura Energy Inc. ("Altura", or the "Corporation") (TSXV: ATU) is pleased to announce the appointment of John Chambers to its Board of Directors (the "Board"), effective June 4, 2019. “I’m pleased to welcome John Chambers as an independent Director on Altura’s Board,” said John McAleer, Chairman of the Board. “John brings a wealth of financial, business and leadership expertise that he has earned during 26 years in energy investment banking. [Read more]

Birchcliff Energy Ltd. Announces Declaration of Quarterly Common Share and Preferred Share Dividends

CALGARY, Alberta, June 04, 2019 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff”) (TSX: BIR) is pleased to announce that its board of directors has declared the following quarterly cash dividends for the quarter ending June 30, 2019: Shares TSX Stock SymbolDividend per ShareCommon Shares BIR$0.02625 Cumulative Redeemable Preferred Shares, Series A BIR.PR.A$0.523375 Cumulative Redeemable Preferred Shares, Series C BIR.PR.C$0.4375  The dividends are payable on July 2, 2019 to [Read more]

Cenovus announces cash tender offers for certain outstanding notes

Tender offers demonstrate commitment to continued debt reductionCALGARY, Alberta, June 04, 2019 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that it has commenced cash tender offers (the “Tender Offers”) for up to US$500 million aggregate principal amount (the “Maximum Amount”) of its 4.450% Notes due 2042, 5.200% Notes due 2043, 3.000% Notes due 2022, 4.250% Notes due 2027, 5.250% Notes due 2037, 5.400% Notes due 2047 and 3.800% Notes due 2023 (collectively, [Read more]

TransGlobe Energy Corporation Announces Director/PDMR Shareholdings

CALGARY, Alberta, June 04, 2019 (GLOBE NEWSWIRE) -- AIM & TSX:  “TGL” & NASDAQ:  “TGA” TransGlobe Energy Corporation (“TransGlobe” or the “Company”) announces that on May 20, 2019, Randy Neely (President and Chief Executive Officer), Lloyd Herrick (Executive Vice President), and Edward Ok (Vice President Finance and Chief Financial Officer), all persons discharging managerial responsibilities with the Corporation, had Performance Share Units (“PSUs”) vest. These were granted to each [Read more]

Ultra Petroleum Corp. Announces Further Extension of Early Participation Date and Withdrawal Deadline for Exchange Offer for 7.125% Senior Notes due 2025

ENGLEWOOD, Colo., June 03, 2019 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. (“Ultra Petroleum” or the “Company”) (NASDAQ: UPL) today announced that, with respect to the previously announced private offer to exchange (the “Exchange Offer”) outstanding 7.125% Senior Notes due 2025 (the “2025 Notes”) of its wholly owned subsidiary, Ultra Resources, Inc. (“Ultra Resources”), for up to $90.0 million aggregate principal amount of new 9.00% Cash / 2.50% PIK Senior Secured Third Lien Notes due 2024 of [Read more]

Canadian Natural Resources Limited Provides an Update on the Impact of Alberta Forest Fires

CALGARY, Alberta, May 31, 2019 (GLOBE NEWSWIRE) -- With the protection and safety of our people and assets as the utmost priority, Canadian Natural Resources Limited (“Canadian Natural”) is closely monitoring the wildfires in the Wabasca and Slave Lake, Alberta areas. In response to the wildfires, Canadian Natural completed on May 30, 2019 the evacuation of all 240 personnel in our Pelican Lake and Woodenhouse operations. Accordingly, Canadian Natural has completed the safe, temporary shut-in [Read more]

Petrus Resources Announces Credit Facility And Operations Update

CALGARY, Alberta, May 31, 2019 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) announces the completion of the 2019 annual review of its revolving credit facility ("RCF"), and provides an operations update. REVOLVING CREDIT FACILITY The 2019 annual review of the RCF has been completed.  The RCF syndicate of lenders have reduced the Company's borrowing base of $110 million to $100 million.  The revolving period has been extended to May 31, 2020 and the maturity [Read more]

Marksmen Announces Proposed Private Placement

CALGARY, Alberta, May 31, 2019 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (“Marksmen” or the “Company”) (TSX Venture: MAH) (OTCQB: MKSEF) announces that it plans to complete a non-brokered private placement of up to 7,000,000 units (the “Units”) of Marksmen at a price of $0.05 per Unit for aggregate gross proceeds of up to a maximum of $350,000 (the “Offering”). There is no minimum Offering. The Units will be comprised of one (1) common share (“Common Share”) and one-half of one (1/2) share [Read more]

Bellatrix Files Substantially Final Versions of New Note Indentures in Connection With Its Recapitalization Transaction

CALGARY, Alberta, May 31, 2019 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX: BXE) announced today that, in connection with its previously announced recapitalization transaction (the “Recapitalization Transaction”) to be implemented pursuant to Bellatrix’s court approved plan of arrangement under the Canada Business Corporations Act (the “Plan of Arrangement”), the Company has substantially finalized the following documents, each of which is to be finalized [Read more]