BOE Report

MEG Announces Closing of $518 million Subscription Receipt Offering

CALGARY, ALBERTA--(Marketwired - Jan. 24, 2017) - MEG Energy Corp. ("MEG") (TSX:MEG) announced today that it has closed its previously announced public offering on a bought deal basis (the "Offering") of 66,815,000 subscription receipts (the "Subscription Receipts"), including the 8,715,000 Subscription Receipts issuable on exercise of the over-allotment option granted by MEG to the underwriters in connection with the Offering, at a price of $7.75 per Subscription Receipt for aggregate gross [Read more]

Cardinal Energy Ltd. Announces Its 2017 Capital Budget

CALGARY, ALBERTA--(Marketwired - Jan. 24, 2017) - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) announced today that its Board of Directors has approved a $100 million capital expenditure budget for 2017 that focuses on balance sheet strength, maintaining a significant and sustainable dividend and development of all of our three core areas. The 2017 capital budget is designed to achieve significant growth in funds flow per share, and maintaining the Company's annualized dividend [Read more]

Point Loma Resources Announces Agreement to Acquire Oil & Gas Assets

CALGARY, AB--(Marketwired - January 24, 2017) - Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") is pleased to announce that it has entered into a definitive agreement to acquire oil & gas assets from a private oil and gas company (the "Acquisition") for the consideration of $1.6 million with the issuance of four million shares of Point Loma. The Acquisition will be subject to customary closing conditions and regulatory approvals including the approval of the [Read more]

Petrus Resources Announces Term Loan Refinancing, Production and Operations Update and 2017 Outlook

CALGARY, ALBERTA--(Marketwired - Jan. 24, 2017) - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX:PRQ) is pleased to announce a term loan refinancing and provide a corporate update including a 2017 outlook. SECOND LIEN TERM LOAN Petrus has entered into an agreement with Macquarie Bank Limited to extend the Company's $42 million second lien term loan by two years; now due October 2019. Concurrent with the extension, the Company reduced the amount outstanding by $7 million through [Read more]

Completion of Placing of New Shares Under General Mandate

HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Jan. 24, 2017) - The Board of Directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX:2012) is pleased to announce the following: The Board is pleased to announce that all conditions of the Placing Agreement have been fulfilled and the Completion took place on January 24, 2017. An aggregate of 60,000,000 Placing Shares were allotted and issued to not less than six Placees at the Placing Price of [Read more]

Seven Generations Energy’s Annual Strategic Update confirms improving well performance and growth capacity

CALGARY, ALBERTA--(Marketwired - Jan. 23, 2017) - Seven Generations Energy Ltd. (TSX:VII) has published its Annual Strategic Update, a comprehensive report that confirms that its assets are performing as expected. Growth for 2017 is underpinned by a rigorous plan built on continued strong well performance that is meeting or exceeding well production type curves in the Kakwa River Project. The update, posted on www.7genergy.com, provides stakeholders with a wide-ranging discussion of 7G's [Read more]

AltaGas Advances Its Midstream Strategy

CALGARY, ALBERTA--(Marketwired - Jan. 23, 2017) - AltaGas Ltd. ("AltaGas") (TSX:ALA) announced today that it entered into a non-binding Letter of Intent ("LOI") on January 20, 2017 with a significant Montney producer to construct a 120 Mmcf/d deep-cut natural gas processing facility and a natural gas liquids ("NGL") separation train, capable of processing up to 10,000 Bbls/d of NGL mix, and rail terminal (the "Facilities"). The Facilities, which are to be located in another area of the Montney [Read more]

RMP Energy Appoints New President, New Chairman of the Board and Provides an Operations Update

CALGARY, ALBERTA--(Marketwired - Jan. 23, 2017) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) announces today the appointment of a President, a new Chairman of the Board and provides an update on its board of directors and its field operations. New President and Chairman of the Board Appointments The Company is pleased to announce that its board of directors has appointed Mr. Jon Grimwood as the President of RMP, effective February 28, 2017, upon the previously announced retirement [Read more]

Forent Energy Ltd. Announces Change of Management

CALGARY, ALBERTA--(Marketwired - Jan. 23, 2017) - Forent Energy Ltd. ("Forent" or the "Corporation") (TSX VENTURE:FEN) announced today that Mr. Robyn Lore has resigned his role as President and CEO of the corporation in order to pursue other opportunities. The resignation as an officer of the Corporation will be effective immediately, however the Board of Directors of Forent has requested, and Mr. Lore has agreed, that he continue to serve as Chairman of the Board of Directors. Curtis Hartzler, [Read more]

Touchstone Provides Operational and Corporate Update

CALGARY, ALBERTA--(Marketwired - Jan. 23, 2017) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX:TXP) is pleased to provide the following operational and corporate update. Production and Oil Prices Touchstone achieved a fourth quarter 2016 production average of 1,245 barrels of oil per day ("bopd"), 2% below the third quarter 2016 average of 1,276 bopd. Touchstone's fourth quarter realized oil price was approximately US$46.22 (representing 94% of the average Brent oil [Read more]