BOE Report

Velvet Energy Ltd. Completes Acquisition of Iron Bridge Resources Inc.

CALGARY, Alberta, Nov. 07, 2018 (GLOBE NEWSWIRE) -- Velvet Energy Ltd. ("Velvet") and Iron Bridge Resources Inc. (TSX: IBR) ("Iron Bridge") announced today that Velvet has completed its acquisition of Iron Bridge. Yesterday, at a special meeting held in Calgary, Alberta, the holders ("Iron Bridge Shareholders") of common shares of Iron Bridge ("Iron Bridge Shares") overwhelmingly approved the amalgamation (the "Amalgamation") of Iron Bridge and Velvet Acquisition Company Ltd. ("AcquisitionCo"), [Read more]

Athabasca Oil Corporation Announces 2018 Third Quarter Results

CALGARY, Alberta, Nov. 07, 2018 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to provide its 2018 third quarter results and an operations update. Q3 2018 Results and Operational Highlights Consolidated Results – Strength in Execution Production of 40,612 boe/d (88% liquids), representing 12% growth year over year Record adjusted funds flow of $62.2 million ($0.12/sh) and operating income of $83.7 million Capital expenditures of [Read more]

Suncor announces resignation of Jacynthe Côté from Board of Directors

CALGARY, Alberta, Nov. 07, 2018 (GLOBE NEWSWIRE) -- Suncor announced today that Jacynthe Côté will be stepping down from Suncor’s Board of Directors effective immediately. "Jacynthe has been a valued member of our Board, serving as a member of our audit committee and our environment, health, safety and sustainable development committee,” said Mike Wilson, chair of Suncor’s Board of Directors. “Since she joined our Board in February 2015, she’s leveraged her significant mining industry [Read more]

Peyto Celebrates 20 Years With Q3 2018 Results

CALGARY, Alberta, Nov. 07, 2018 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to mark 20 years in the Canadian energy industry with its operating and financial results for the third quarter of the 2018 fiscal year. By strategically delaying capital investments and production additions until the fall, Peyto avoided exposing certain unhedged dry gas production to uneconomic summer prices. As a result, the Company was able to deliver in the [Read more]

Pine Cliff Energy Ltd. Announces Third Quarter 2018 Results and Updates Guidance

CALGARY, Alberta, Nov. 06, 2018 (GLOBE NEWSWIRE) -- Pine Cliff Energy Ltd. (“Pine Cliff” or the “Company”) (TSX: PNE) is pleased to announce the filing of its third quarter financial and operating results. Included in the filings were Pine Cliff's unaudited interim condensed consolidated financial statements and related management's discussion and analysis for the three and nine months ended September 30, 2018 (the "Q3-Report"). Selected highlights are shown below and should be read in [Read more]

Iron Bridge Resources Inc. Announces Shareholder Approval of Amalgamation with Velvet Acquisition Company Ltd.

CALGARY, Alberta, Nov. 06, 2018 (GLOBE NEWSWIRE) -- Velvet Energy Ltd. ("Velvet") and Iron Bridge Resources Inc. (TSX: IBR) ("Iron Bridge") announce that at the special meeting of shareholders (the "Meeting") of Iron Bridge held earlier today, holders ("Iron Bridge Shareholders") of common shares of Iron Bridge ("Iron Bridge Shares") approved the amalgamation (the "Amalgamation") of Iron Bridge and Velvet Acquisition Company Ltd., a wholly owned subsidiary of Velvet. A total of 146,842,601 Iron [Read more]

Bellatrix Announces Closing of Grafton Acquisition

CALGARY, Alberta, Nov. 05, 2018 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) announces that it has closed the previously announced acquisition of the remaining assets earned by Grafton Energy Co I Ltd. under the joint venture arrangement entered into in 2013. The acquired assets are located in Bellatrix’s core Ferrier area of west central Alberta and include approximately 2,200 boe/d (79% natural gas, 21% liquids) of low decline production. The [Read more]

Husky Energy Reaffirms Commitment to Full and Fair Offer for MEG Energy

Husky’s Offer is a Premium Valuation MEG’s Share Price Would Be Substantially Lower Absent the Offer Delivers Immediate Value With Comparable Upside and Much Less Risk CALGARY, Alberta, Nov. 05, 2018 (GLOBE NEWSWIRE) -- Husky Energy (TSX:HSE) today reaffirms its commitment to the full and fair Offer to acquire MEG Energy as outlined on October 2, 2018, and comments on MEG’s recent statements and third quarter results. “MEG’s results reinforce our view that it has a quality asset base and a [Read more]

Strategic Oil & Gas Ltd. Announces Recapitalization Transaction

CALGARY, Alberta, Nov. 05, 2018 (GLOBE NEWSWIRE) -- Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSXV:SOG) announces further to its press release dated August 29, 2018 regarding its strategic alternatives process, the Company and certain investment funds managed by GMT Capital Corp. (the "GMT Funds"), have entered into a letter of intent whereby the GMT Funds have agreed, on a non-binding basis and subject to execution of definitive agreements, to: (i) make an additional [Read more]

Marksmen Announces First Closing Of Private Placement

CALGARY, Alberta, Nov. 02, 2018 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (“Marksmen” or the “Company”) announces that it has completed the first closing of its previously announced non-brokered private placement. The Company issued 2,393,335 units (the “Units”) of Marksmen at a price of $0.12 per Unit for aggregate gross proceeds of $287,200 (the “Offering”). Each Unit is comprised of one (1) common share (“Common Share”) and one-half of one (1/2) share purchase warrant (“Warrant”) of Marksmen. [Read more]