BOE Report

Bayshore Petroleum Corp Announces Election of Director, Approval of Private Placement and Clarification on Prior Business Activities

CALGARY, Alberta, Aug. 23, 2018 (GLOBE NEWSWIRE) -- Bayshore Petroleum Corp. (“Bayshore” or the “Corporation”) is pleased to announce that Ellen Yu was elected to the Board of Directors of Bayshore by shareholders at the Annual General and Special Meeting of the shareholders of the Corporation held on August 7, 2018 (the “AGM”).  Ellen Yu is an experienced professional accountant resident in Hong Kong, Special Administrative District, China.  She has worked as a controller for a large [Read more]

Sanchez Energy to Pay Dividends on Series A and Series B Convertible Perpetual Preferred Stock in Cash

HOUSTON, Aug. 23, 2018 (GLOBE NEWSWIRE) -- Sanchez Energy Corporation (NYSE: SN) (“Sanchez Energy” or the “Company”) today announced that the Board of Directors has declared a quarterly dividend of $0.609375 per share on its 4.875% Convertible Perpetual Preferred Stock, Series A and $0.812500 per share on its 6.500% Convertible Perpetual Preferred Stock, Series B (together, the “Convertible Perpetual Preferred Stock”).  The quarterly dividends on the Convertible Perpetual Preferred Stock will [Read more]

Marksmen Announces Operational Update

CALGARY, Alberta, Aug. 23, 2018 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (“Marksmen” or the “Company”) and its wholly owned subsidiary Marksmen Energy USA, Inc. announces the following: Operational Update At the Leaman #1 Horizontal well in Hocking County, Ohio, Marksmen is a 60 % working interest owner in this well operated by Hocking Hills Energy and Well Services LLC. of Ohio.  As stated in an earlier press release this well encountered a number of oil and gas shows during the drilling and [Read more]

Apache announces pricing of upsized cash tender offers

HOUSTON, Aug. 23, 2018 (GLOBE NEWSWIRE) -- Apache Corporation (NYSE, NASDAQ: APA) today announced the pricing of the previously announced cash tender offers (each, an “Offer” and, collectively, the “Offers”) to purchase a portion of its outstanding 6.000% notes due 2037 (the “2037 Notes”), 7.95% notes due 2026, 7.70% notes due 2026, 7.625% debentures due 2096, 7.750% notes due 2029, 7.375% debentures due 2047, 7.625% notes due 2019, 2.625% notes due 2023, 3.625% notes due 2021, and 3.250% [Read more]

Apache announces early tender results and upsizing of cash tender offers for senior notes

HOUSTON, Aug. 23, 2018 (GLOBE NEWSWIRE) -- Apache Corporation (NYSE, NASDAQ: APA) today announced the early tender results and an increase in the size of its previously announced cash tender offers (each, an “Offer” and, collectively, the “Offers”) to purchase a portion of its outstanding 6.000% notes due 2037 (the “2037 Notes”), 7.95% notes due 2026, 7.70% notes due 2026, 7.625% debentures due 2096, 7.750% notes due 2029, 7.375% debentures due 2047, 7.625% notes due 2019, 2.625% notes due [Read more]

Traverse Energy Announces 2018 Second Quarter Results

CALGARY, Alberta, Aug. 22, 2018 (GLOBE NEWSWIRE) -- Traverse Energy Ltd. (“Traverse” or “the Company”) (TSX Venture:TVL) presents financial and operating results for the three and six months ended June 30, 2018.   Three months ended June 30, Six months ended June 30, Highlights (unaudited) 2018 2017 2018 2017 Financial ($ thousands, except per share amounts) Petroleum and natural gas revenue 1,778 2,615 3,758 5,641 Cash from operating [Read more]

Baytex Announces Closing of Strategic Combination With Raging River, Updated 2018 Guidance and Confirmation of Preliminary 2019 Plans

CALGARY, Alberta, Aug. 22, 2018 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (“Baytex”)(TSX, NYSE: BTE) is pleased to announce the closing of the strategic combination with Raging River Exploration Inc. (“Raging River”)(TSX: RRX). Baytex has emerged through this transaction as a well-capitalized, oil-weighted company with an attractive growth and free cash flow profile provided by its world class assets focused across North America. Current production is approximately 94,000 boe/d (83% liquids) from [Read more]

Denbury Closes $450 Million Offering Of New 7½% Senior Secured Second Lien Notes Due 2024

PLANO, Texas, Aug. 21, 2018 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE:DNR) (“Denbury” or the “Company”) today announced the closing of its previously announced private offering (the “Offering”) of $450 million aggregate principal amount of 7½% Senior Secured Second Lien Notes due 2024 (the “New Second Lien Notes”).  The Company used the net proceeds from the Offering to repay all of its outstanding borrowings under its bank credit facility and to pay fees and expenses of the Offering, [Read more]

Baytex and Raging River Receive Shareholder and Court Approval for Strategic Combination

CALGARY, Alberta, Aug. 21, 2018 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (“Baytex”)(TSX, NYSE: BTE) and Raging River Exploration Inc. (“Raging River”)(TSX: RRX) are pleased to announce that shareholders of Raging River (“Raging River Shareholders”) and Baytex (“Baytex Shareholders”) have today approved their previously announced strategic combination (the “Transaction”). The Transaction will see the combined company emerge as a well-capitalized, oil-weighted company with an attractive growth and [Read more]

Iron Bridge’s Dismal Second Quarter Results Show Material Underperformance and Financial Distress; Reinforce Velvet Energy’s Offer as the Superior Value Maximization Alternative for Iron Bridge Shareholders

Material underperformance underscores why Iron Bridge shareholders should tender to Velvet’s all-cash offer Several independent analyst reports note that Iron Bridge’s common shares would trade well below $0.75 per share, absent Velvet Energy’s offer Our premium, all-cash offer, provides shareholders with certainty of avoiding the dilutive impact of any financing alternative Iron Bridge might pursue absent Velvet’s Offer Shareholders are reminded that Velvet Energy’s offer is the only [Read more]