BOE Report

Toscana Energy Announces Closing of $12.5 Million Asset Disposition and Amended Credit Facilities

CALGARY, Alberta, Sept. 19, 2016 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("TEI" or the "Corporation") (TSX:TEI) is pleased to announce that it has closed its previously announced disposition of its non-operated oil and natural gas interests in northwestern Alberta (the "Assets") for total cash consideration of $12.5 million, subject to any industry standard post-closing adjustments.  Details of the Asset disposition were outlined in the Corporation’s press release dated August 17, [Read more]

Quattro Engages Durham Capital as Financial Advisor and Provides Corporate Update

CALGARY, Alberta, Sept. 15, 2016 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to announce the engagement of Durham Capital Canada Corporation (“Durham”) as its financial advisor to assist with the Company’s pursuit and evaluation of various options with respect to a proposed funding of up to $25 million in senior or subordinated debt, supported by the remaining assets of the Company upon the completion of its $24.5 million [Read more]

PDC Energy Announces Pricing of 6.125% Senior Notes Offering  

DENVER, Sept. 12, 2016 (GLOBE NEWSWIRE) -- PDC Energy, Inc. ("PDC" or the "Company") (Nasdaq:PDCE) today announced that it has priced an offering of $400 million aggregate principal amount of 6.125% senior unsecured notes due 2024 (the “notes”).  The offering is expected to close on or about September 15, 2016, subject to customary closing conditions.  PDC intends to use the net proceeds from the offering to fund a portion of the cash consideration payable in the previously announced [Read more]

Range Declares Quarterly Dividend

FORT WORTH, Texas, Sept. 02, 2016 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE:RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the third quarter.  A dividend of $0.02 per common share is payable on September 30, 2016 to stockholders of record at the close of business on September 16, 2016.  RANGE RESOURCES CORPORATION (NYSE:RRC) is a leading independent oil and natural gas producer with operations focused in stacked-pay [Read more]

Quattro Releases Financials for the 6 months ending June 30, 2016 and Increases Production Year over Year 15%

CALGARY, Alberta, Aug. 30, 2016 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") announces its financial results for the quarter ended June 30th, 2016, reporting a loss of $0.02 per share for the 6 month period ended June 30, 2016.  Despite these challenges Quattro is pleased to report that in the first half of 2016 production averaged 1,593 boe per day, representing a year-over-year increase of 15% from the average production of 1,390 boe per [Read more]

Laredo Petroleum to Present at Upcoming Conference

TULSA, OK, Aug. 25, 2016 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE:LPI) (“Laredo” or the “Company”) today announced that Randy A. Foutch, Chairman and Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference on Thursday, September 8, 2016, at 9:05 a.m. ET in New York City. The presentation will be webcast and is open to registrants of the conference. The Company will make the link to the webcast and its presentation available to the public on its website, [Read more]

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

HOUSTON, Aug. 23, 2016 (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]

Toscana Energy Completes Review of Its Credit Facilities

CALGARY, Alberta, Aug. 22, 2016 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana Energy" or the "Corporation") (TSX:TEI) is pleased to announce the completion of the semi-annual review of its credit facilities.  As a result of the review, the Corporation has agreed to certain amendments to its credit facilities which have been reduced from $48 million to $43 million with the next review scheduled to occur on October 1, 2016. The Corporation currently has $39.5 million drawn on [Read more]

Toscana Energy Announces Asset Disposition

CALGARY, Alberta, Aug. 17, 2016 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("TEI" or the "Corporation") (TSX:TEI) is pleased to announce that it has sold its non-operated oil and natural gas interests in northwestern Alberta (the "Assets") for total cash consideration of $12.5 million ($82,237 / flowing barrel) subject to customary closing adjustments. The disposition of the Assets has an effective date of July 1, 2016 and is expected to close on or about September 15, 2016. In the [Read more]

Quattro Increases Asset Divestiture Plan to $30 Million and is Granted Court Protection to Allow for Its Orderly Completion

CALGARY, Alberta, Aug. 11, 2016 (GLOBE NEWSWIRE) -- Quattro Exploration And Production Ltd. (TSXV:QXP) ("Quattro" or the "Company") announced today an increase in its divestiture plan to $30,000,000 including its previously announced asset sale of $24,250,000 and has filed a Notice of Intention to Make a Proposal (“Notice of Intention”) under the provisions of Part III of the Bankruptcy and Insolvency Act (the “BIA”). The notice was filed by the Company in order to allow it the necessary time to [Read more]