CALGARY, Alberta, Dec. 14, 2017 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) plans to invest between $1.5 billion and $1.7 billion in 2018, with the majority of the budget allocated to sustain base production at the company’s oil sands operations. The remaining capital will primarily support continued construction at the phase G oil sands expansion at Christina Lake, where costs are coming in below original expectations, and a targeted drilling program in the Deep Basin. This [Read more]
Raging River Exploration Inc. Announces Duvernay Light Oil Discovery, Operational Update and Announces 2018 Capital Budget of $335 Million
CALGARY, Alberta, Dec. 13, 2017 (GLOBE NEWSWIRE) -- Raging River Exploration Inc. (“Raging River” or the “Company”) (TSX:RRX) announces that the Company’s board of directors has approved a 2018 capital budget of $335 million. The budgeted capital expenditures are expected to increase annual average production in 2018 to 24,500 boe/d (92% oil) with fourth quarter 2018 production estimated at 26,000 boe/d representing a fourth quarter to fourth quarter production per share growth of greater than [Read more]
Rangeford Resources, Inc. Issues Corporate Acquisition & Development Plan Presentation
Southlake, Texas, Dec. 12, 2017 (GLOBE NEWSWIRE) -- Rangeford Resources, Inc. Issues Corporate Acquisition & Development Plan Presentation SOUTHLAKE, Texas, December 12, 2017 (GLOBE NEWSWIRE) -- Rangeford Resources, Inc. (“Rangeford”) (OTCPK:RGFR) today issued its Corporate Overview and Acquisition and Development Plan. The presentation provides updated corporate information, management team bios and describes two acquisition candidates in East Texas and Mississippi. The Corporate [Read more]
Marksmen Announces Proposed Private Placement
CALGARY, Alberta, Dec. 12, 2017 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (“Marksmen” or the “Company”) (TSX-V:MAH) (OTCQB:MKSEF) announces that it plans to complete a non-brokered private placement of up to 3,000,000 units (the “Units”) of Marksmen at a price of $0.15 per Unit for aggregate gross proceeds of up to $450,000 (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 purchase warrant [Read more]
Cardinal Energy Ltd. Announces Its 2018 Capital Budget and Monthly Dividend for December
CALGARY, Alberta, Dec. 12, 2017 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. (TSX:CJ) ("Cardinal" or the "Company") announced today that its Board of Directors has approved a capital expenditure budget for 2018 that focuses on maintaining a sustainable dividend and development of our existing asset base. The 2018 capital budget is designed to achieve significant growth in adjusted funds flow per share and maintaining the Company's annualized dividend at $0.42/share. Cardinal would also like to [Read more]
Baytex Announces 2018 Budget and Board Succession
CALGARY, Alberta, Dec. 07, 2017 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (“Baytex”) (TSX:BTE) (NYSE:BTE) announces that its Board of Directors has approved a 2018 capital budget of $325 to $375 million, which is designed to generate average annual production of 68,000 to 72,000 boe/d. Commenting on the announcement, Ed LaFehr, President and Chief Executive Officer, said: “Our 2018 budget builds on the operational momentum established in 2017 which has positioned our business for success in [Read more]
Athabasca Oil Corporation Provides Operations Update and 2018 Outlook
CALGARY, Alberta, Dec. 06, 2017 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX:ATH) (“Athabasca” or the “Company”) is pleased to provide an operations update and 2018 outlook. Highlights include: Balanced 2018 Budget: $140 million capital budget ($70 million in each of Light Oil and Thermal Oil) aligned to $145 million funds flow (US$55 WTI) Production Growth: 2018 production outlook of 38,500 – 41,000 boe/d (87% liquids), representing 11% per share growth year-over-year [Read more]
Tidewater Midstream and Infrastructure Ltd. Enters Into Agreement With TransAlta to Construct an Inter-Alberta Pipeline Network supported by a 15 year Take or Pay, Proposed Issuance of Senior Unsecured Notes, Escrow Close of Deep Basin and Montney Region Acquisition and Closing of Credit Facility Increase
CALGARY, Alberta, Dec. 06, 2017 (GLOBE NEWSWIRE) -- Agreement with TransAlta to construct Inter-Alberta Pipeline Network Tidewater Midstream and Infrastructure Ltd. (“Tidewater”) (TSX:TWM) and TransAlta Corporation (“TransAlta”) (TSX:TA) (NYSE:TAC) announced today that the two companies have entered into a Letter of Intent (“LOI”) for Tidewater to construct a 120 km natural gas pipeline from its Brazeau River Complex (“BRC”) to TransAlta’s generating units at Sundance and Keephills. The [Read more]
QEP Resources Announces Final Results and Expiration of Tender Offers and Completion of Redemption of 6.80% Senior Notes Due 2018
DENVER, Dec. 06, 2017 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE:QEP) (“QEP” or the “Company”) today announced the final results and expiration of the previously announced offers to purchase for cash (the “Tender Offers”) up to $361,000,000 aggregate principal amount of its outstanding 6.80% Senior Notes due 2020 (the “2020 Notes”) and 6.875% Senior Notes due 2021 (the “2021 Notes”) upon the terms and conditions described in the Company’s Offer to Purchase dated November 6, 2017 (the “Offer [Read more]
Gibson Energy Announces 2018 Capital Budget
All financial figures are in Canadian dollars CALGARY, Alberta, Dec. 05, 2017 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”), (TSX:GEI), announced today that its Board of Directors has approved a 2018 growth capital expenditure budget in the range of $120 million to $150 million, with in excess of 90% of investment directed towards sanctioned growth projects. Additionally, the Board of Directors has approved the allocation of approximately $30 million in upgrade and [Read more]
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