BOE Report

Jaguar Resources Inc. Arranges $132 Million USD Letter of Credit

CALGARY, Alberta, Jan. 08, 2019 (GLOBE NEWSWIRE) -- Jaguar Resources Inc. ("Jaguar" or the "Company") (TSX-V: JRI) announced today, pursuant to an executed Letter Agreement dated January 8, 2019, that Jaguar has received a stand-by Letter of Credit (the “LC”) for $132 Million USD. The letter has been issued from a large European based Bank. The letter is for the term of forty five days from the date of issuance for the benefit of Jaguar Resources Inc. The Company has agreed to pay to the Issuing [Read more]

Husky Considering Sale of Non-Core Downstream Assets

CALGARY, Alberta, Jan. 08, 2019 (GLOBE NEWSWIRE) -- Husky Energy (TSX:HSE) today announced it will undertake a strategic review and will potentially sell its Canadian retail and commercial fuels business and its Prince George Refinery. Husky’s decision to review and consider a sale of non-core Downstream assets comes as it increasingly focuses on core assets in its Integrated Corridor and on its Offshore business in Atlantic Canada and the Asia Pacific region. The potential disposition is being [Read more]

Canadian Spirit Resources Inc. Announces Amendment to Closing of Equity Rights Offering

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]