BOE Report

Delphi Energy Corp. Announces Close of $65 Million Financing

CALGARY, Alberta, June 07, 2017 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce that it has closed its previously announced financing comprised of the sale of (i) 27,559,055 common shares issued at a price of $1.27 per common share; and (ii) 30,000 senior secured Collateralized Exchange Listed™ (“CEL”) Notes, each with a principal amount of $1,000 and a 10% coupon, for gross proceeds of approximately $65.3 million. A syndicate of agents, led by Raymond [Read more]

Jones Energy, Inc. Announces Results of Borrowing Base Redetermination and Participation in Upcoming Investor Conferences

AUSTIN, Texas, June 05, 2017 (GLOBE NEWSWIRE) -- Jones Energy, Inc. (NYSE:JONE) (“Jones Energy” or “the Company”) announced today that its lending group has completed their semi-annual borrowing base redetermination under the Company’s revolving credit facility. The borrowing base has been reaffirmed at $425 million. The next redetermination is expected in the fall of 2017. The Company also announced it plans to participate in the following investor conferences: June 20 – 21: Wells Fargo 2nd [Read more]

Delphi Energy Completes Annual Credit Facility Review

CALGARY, Alberta, June 01, 2017 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce that it has extended the term of its $80 million senior secured revolving credit facility with a syndicate of banks, led by Alberta Treasury Branches and including the Bank of Nova Scotia, until May 29, 2018. Delphi’s credit facility is expected to be largely undrawn upon closing of the recently announced Financing Transaction. This news release does not constitute an offer [Read more]

Husky to Present Five-Year Growth Plan at Investor Day

Five-Year Plan Highlights1 Key Metrics20172017 – 2021F CAGR22021FProduction (mboe/day)320 - 3354.8%390-400Funds from operations3 $3.3B9%~$4.8BFree cash flow3$750M12%~$1.2BUpstream operating cost/bbl$14.25 $16Earnings break-even oil price (US WTI)3~$43.60 ~$37Cash break-even oil price (US WTI) 3~$33.50 ~$32Ranges and Targets 2017-2021F Sustaining capital3 Average $1.9B Capital expenditures Average $3.3B Average proved reserve replacement ratio Target >130% Net debt to FFO3  [Read more]

Husky Approves West White Rose Project and Announces New Discovery

CALGARY, Alberta, May 29, 2017 (GLOBE NEWSWIRE) -- Husky Energy is moving forward with the West White Rose Project offshore Newfoundland and Labrador. The Company and its partners will use a fixed wellhead platform tied back to the SeaRose floating production, storage and offloading (FPSO) vessel. The platform, which has received regulatory approval, will enable the Company to maximize resource recovery. First oil is expected in 2022 and the project is anticipated to achieve a gross peak [Read more]

Alta Mesa Holdings, LP Announces Confidential Submission of Draft Registration Statement to the SEC

HOUSTON, May 26, 2017 (GLOBE NEWSWIRE) -- Alta Mesa Holdings, LP (“Alta Mesa” or the “Company”) announced today that an affiliated corporate entity of the Company previously submitted a confidential draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (the "SEC") relating to a proposed initial public offering of shares of its common stock.  The number of shares of common stock to be offered and the price range for the offering have not yet been determined.  [Read more]

Delphi Energy Corp. Announces Financing With Strategic Partner to Further Accelerate Growth at its Bigstone Montney Asset

CALGARY, Alberta, May 24, 2017 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce that it has entered into agreements with investors for a $65 million financing transaction (the “Financing Transaction”), comprised of a $35 million equity offering (the "Equity Offering") and a $30 million principal amount of 10% senior secured Collateralized Exchange ListedTM (“CELTM”) Notes (the “Notes Offering”). A syndicate of agents, led by Raymond James Ltd. and [Read more]

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

HOUSTON, May 23, 2017 (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 be [Read more]

Delphi Energy Announces Voting Results From Its Annual General Meeting of Shareholders

**Not for distribution to United States News Services or Dissemination in the United States** CALGARY, Alberta, May 19, 2017 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) announces the voting results of its annual meeting of shareholders held on May 18th, 2017.  ANNUAL MEETING OF SHAREHOLDERS Each of the nine nominees proposed in the management proxy circular for the 2017 annual meeting of shareholders were elected as directors. A total of 66,935,746 common shares [Read more]

Toscana Energy Commences Normal Course Issuer Bid

CALGARY, Alberta, May 18, 2017 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX:TEI) today announces that a Notice of Intention to commence its Normal Course Issuer Bid (the "Bid") has been approved by its Board of Directors (the "Board") and has been filed with and accepted by the Toronto Stock Exchange. The Corporation believes that the purchase of its shares at recent market prices is a worthwhile investment since, in its view, recent market prices [Read more]