NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, Sept. 28, 2017 (GLOBE NEWSWIRE) -- Gibson Energy Inc. ("Gibsons" or the "Company") (TSX:GEI) today announced that it has agreed to issue and sell CDN $250 million aggregate principal amount of 5.250% senior unsecured notes due July 15, 2024 (the "Notes"), on an exempt private placement basis (the "Private Placement"). The Notes will be issued at par and interest thereon will be [Read more]
Traverse Energy Ltd. Announces Duvernay Shale Basin Activity
CALGARY, Alberta, Sept. 28, 2017 (GLOBE NEWSWIRE) -- Traverse Energy Ltd. (the “Corporation”) (TSX Venture:TVL) is pleased to announce a new prospect area. The Company has accumulated 51,920 net acres (81 sections) of 100% land prospective for light oil in the Duvernay shale basin in central Alberta. Traverse expects to drill its first evaluation well early in the fourth quarter of 2017 in the Chigwell area. The 4,500 meter horizontal well is currently being licensed and a drilling rig has been [Read more]
Tanager Reports Results From 2017 Annual General and Special Meeting and Posts Updated Corporate Presentation
CALGARY, Alberta, Sept. 28, 2017 (GLOBE NEWSWIRE) -- Tanager Energy Inc. (“Tanager” or the “Corporation”) (TSX-V:TAN) (OTCQB:TANEF) is pleased to announce that all matters set forth in the notice of meeting and management proxy and information circular dated August 16, 2017 were approved by the shareholders of Tanager at the annual general and special meeting (“Meeting”) held on September 22, 2017. The resolutions that were passed at the Meeting included fixing the number of directors to be [Read more]
Gibsons Completes Final Closing of Industrial Propane Business Sale to Superior Plus LP
All financial figures are in Canadian dollars CALGARY, Alberta, Sept. 27, 2017 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibsons” or the “Company”), (TSX:GEI), announced today that it has completed the final closing of the sale of its Industrial Propane Business to Superior Plus LP (“Superior LP”), a wholly owned subsidiary of Superior Plus Corp. (“Superior”), pursuant to the option granted by Gibsons to Superior LP on March 1, 2017. Gibsons received a non-refundable payment of $435 million [Read more]
Encana delivers new Montney plant ahead of schedule; company continues to outperform five-year plan
CALGARY, Alberta, Sept. 27, 2017 (GLOBE NEWSWIRE) -- Encana (TSX:ECA) (NYSE:ECA) successfully started up the Tower processing plant ahead of schedule and under budget on September 20. The plant is the first of three Veresen Midstream facilities that support Encana's condensate-focused growth plan in the Montney. The Tower facility is in the process of ramping up. The two other new plants, Sunrise and Saturn, are also ahead of schedule and under budget with Sunrise expected to start up by [Read more]
Cenovus reaches agreement to sell Suffield assets for more than half a billion dollars
CALGARY, Alberta, Sept. 25, 2017 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) has entered into a definitive agreement to sell its Suffield crude oil and natural gas operations in southern Alberta to International Petroleum Corporation for gross cash proceeds of $512 million. The parties have also agreed to a deferred purchase price adjustment that gives Cenovus the opportunity to benefit from potential additional payments of up to $36 million. The sale of the Suffield assets, [Read more]
International Petroleum Corp. Announces Strategic Acquisition To More Than Triple Production and Reserves
International Petroleum Corporation ("IPC" or the "Corporation") (TSX, Nasdaq First North: IPCO) is pleased to announce that a wholly-owned subsidiary of IPC has entered into an agreement with Cenovus Energy Inc. ("Cenovus") to acquire all of Cenovus' interests in the conventional oil and natural gas assets in the Suffield and Alderson areas of southern Alberta, Canada (the "Acquisition"). The purchase consideration for the Acquisition is CAD 512 million(1), subject to closing adjustments and [Read more]
Tidewater Midstream and Infrastructure Ltd. Announces Third Quarter 2017 Dividend
CALGARY, Alberta, Sept. 22, 2017 (GLOBE NEWSWIRE) -- Tidewater Midstream and Infrastructure Ltd. (TSXV:TWM) (the “Corporation”) is pleased to announce that its Board has declared a dividend for the third quarter 2017 of $0.01 per common share payable on or about October 31, 2017 to shareholders of record on September 29, 2017. The ex-dividend date is September 28, 2017. This dividend is an eligible dividend for the purpose of the Income Tax Act (Canada). The Corporation’s Business Tidewater [Read more]
Point Loma Resources Announces test rates of successful Nordegg recompletion and operational update
CALGARY, Alberta, Sept. 18, 2017 (GLOBE NEWSWIRE) -- Point Loma Resources Ltd. (TSX VENTURE:PLX) (the "Corporation" or “Point Loma”) is pleased to announce the test rates of the 5-31-55-6W5 well and provide an operational update. Highlights and Operational update Point Loma has recompleted its 5-31-55-6W5 Nordegg well higher in the section and after establishing flow the final 24 hour rates averaged 160 bpd oil, 850 mcfd gas and 428 bpd water; This test demonstrates the potential of [Read more]
Carrizo Oil & Gas Declares Dividend on Preferred Stock
HOUSTON, Sept. 18, 2017 (GLOBE NEWSWIRE) -- Carrizo Oil & Gas, Inc. (Nasdaq:CRZO) today announced that its Board of Directors approved a quarterly dividend of $9.00 per share to holders of the Company’s 8.875% Redeemable Preferred Stock. The dividend was paid on September 15, 2017, to holders of record on September 1, 2017. The initial preferred stock dividend covers the partial period since the close of the transaction, and the Company paid 100% of the preferred stock dividend in cash. [Read more]
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