BOE Report

Petrus Resources Announces Ferrier Acquisition and Private Placement

CALGARY, ALBERTA--(Marketwired - Feb. 14, 2017) - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX:PRQ) is pleased to announce that it has entered into an agreement with a private company to acquire certain oil and natural gas interests in the Ferrier area, subject to customary closing conditions (the "Acquisition"). PROPERTY ACQUISITION Pursuant to the Acquisition, Petrus will acquire approximately 40 boe/d of production as well as a 100% working interest in a drilled and completed [Read more]

Prairie Provident Announces Strategic Light Oil Asset Acquisition and $8 Million Equity Financing

CALGARY, ALBERTA--(Marketwired - Feb. 14, 2017) - Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") (TSX:PPR) is pleased to announce that it has entered into an agreement to acquire strategic assets in the Greater Red Earth area of northern Alberta (the "Assets") for cash consideration of $41 million, subject to customary adjustments (the "Acquisition"). The Assets include high quality and low decline oil production which is highly complementary to Prairie Provident's [Read more]

Canadian Natural Resources Limited Announces 2016 Year End Reserves

CALGARY, ALBERTA--(Marketwired - Feb. 14, 2017) - Canadian Natural Resources Limited ("Canadian Natural" or the "Company") (TSX:CNQ)(NYSE:CNQ) is pleased to report its 2016 year-end reserves.f Commenting on the 2016 reserve results, which are 100% evaluated by Independent Qualified Reserves Evaluators, Steve Laut, President of Canadian Natural stated, "Canadian Natural continues to demonstrate the strength of our diverse and balanced asset base, and our ability to create value for [Read more]

Pine Cliff Energy Ltd. Announces 2017 Guidance, 2016 Bank Debt Reduction and Year-End Reserves

CALGARY, ALBERTA--(Marketwired - Feb. 13, 2017) - Pine Cliff Energy Ltd. ("Pine Cliff") (TSX:PNE) is pleased to announce 2017 guidance, 2016 bank debt reduction and its 2016 year-end reserves. 2017 Guidance Pine Cliff's Board of Directors has approved a capital budget of $18.5 million for 2017. Pine Cliff anticipates directing $13.5 million of the capital budget to drilling in the Edson and Viking areas of Alberta and conducting recompletions in various areas. Additionally, Pine Cliff [Read more]

Virginia Hills Oil Corp. Announces Appointment of Receiver

CALGARY, ALBERTA--(Marketwired - Feb. 13, 2017) - Virginia Hills Oil Corp. ("Virginia Hills" or the "Company") (TSX VENTURE:VHO) announces that the Court of Queen's Bench of Alberta has granted the application of the Company's and Dolomite Energy Inc.'s ("Dolomite") lenders, to appoint Alvarez & Marsal Canada Inc. (the "Receiver") as receiver and manager over the assets, undertakings and property of Virginia Hills and Dolomite. The Receiver is charged with managing the day to day affairs of [Read more]

AltaGas Ltd. Increases Size of Preferred Share Offering

CALGARY, ALBERTA--(Marketwired - Feb. 13, 2017) - AltaGas Ltd. ("AltaGas") (TSX:ALA) announced today that as a result of strong investor demand for its previously announced bought deal offering of Cumulative 5-Year Minimum Rate Reset Redeemable Preferred Shares, Series K (the "Series K Preferred Shares"), the size of the offering has been increased to 12,000,000 shares at a price of $25.00 per Series K Preferred Share (the "Offering"), for aggregate gross proceeds of $300 million. In connection [Read more]

Virginia Hills Oil Corp. Announces the Receipt of Notice of Demand from Its Lenders and Consent to the Appointment of A Receiver

CALGARY, ALBERTA--(Marketwired - Feb. 13, 2017) - Virginia Hills Oil Corp. ("Virginia Hills" or the "Company") (TSX VENTURE:VHO) announces that it has received a demand notice and notice of intention to enforce security from its lenders and has agreed to consent to the early enforcement of the lenders' security and the appointment of a receiver over all of the current and future assets, undertakings and properties of Virginia Hills pursuant to section 243(1) of the Bankruptcy and Insolvency Act [Read more]

TC PipeLines, LP to Release Fourth Quarter and Year End 2016 Financial Results on February 27

HOUSTON, TEXAS--(Marketwired - Feb. 13, 2017) - TC PipeLines, LP (NYSE:TCP) (the Partnership) will release its fourth quarter and year end 2016 financial results on Monday, February 27, 2017. Brandon Anderson, president of TC PipeLines GP, Inc., the Partnership's general partner, will discuss the Partnership's financial results and latest developments in a teleconference and webcast on Monday, February 27 at 9 a.m. central time (CT)/10 a.m. eastern time (ET). Members of the investment [Read more]

AltaGas Ltd. Announces $200 Million Preferred Share Offering

CALGARY, ALBERTA--(Marketwired - Feb. 13, 2017) - AltaGas Ltd. ("AltaGas") (TSX:ALA) announced today that it will issue 8,000,000 Cumulative 5-Year Minimum Rate Reset Redeemable Preferred Shares, Series K (the "Series K Preferred Shares"), at a price of $25.00 per Series K Preferred Share (the "Offering") for aggregate gross proceeds of $200 million on a bought deal basis. The Series K Preferred Shares will be offered to the public through a syndicate of underwriters co-led by CIBC Capital [Read more]

Quattro Exploration Reports Appointment of Receiver

CALGARY, ALBERTA--(Marketwired - Feb. 13, 2017) - Quattro Exploration and Production Ltd. (TSX VENTURE:QXP) ("Quattro" or the "Company") announces that on February 2, 2017 the company's primary lender, The Business Development Bank of Canada ("BDC") obtained an order (the "Receivership Order") from the Court of Queen's Bench of Alberta appointing Hardie & Kelly Inc. as receiver and manager (the "Receiver") of Quattro's current and future assets, undertakings and properties of every nature [Read more]