BOE Report

Total Energy Services Inc. Announces Intention to Purchase Common Shares of Savanna Energy Services Corp. on the TSX

CALGARY, ALBERTA--(Marketwired - Jan. 13, 2017) - Total Energy Services Inc. ("Total" or the "Corporation") (TSX:TOT) announced today that it intends, subject to market conditions and applicable securities laws, to purchase common shares (the "Savanna Shares") of Savanna Energy Services Corp. ("Savanna") through the facilities of the Toronto Stock Exchange (the "TSX"). Purchases of Savanna Shares may occur from time to time during the period commencing on January 16, 2017 and ending at the [Read more]

MEG Energy announces pricing of Senior Secured Notes due 2025 offering

CALGARY, AB--(Marketwired - January 12, 2017) - MEG Energy Corp. (TSX: MEG) announced today the pricing of its previously announced private offering of US $750 million in aggregate principal amount of new senior secured notes due 2025 (the "Secured Notes"). The Secured Notes will initially be issued through a wholly-owned subsidiary of MEG. The Secured Notes will bear interest at a rate of 6.50%. MEG intends to use the net proceeds, together with cash on hand, to finance the redemption of all of [Read more]

Zargon Oil & Gas Ltd. Announces Hedging of 650 BBL/D of Oil

CALGARY, ALBERTA--(Marketwired - Jan. 12, 2017) - Zargon Oil & Gas Ltd. (TSX:ZAR)(TSX:ZAR.DB) ("Zargon") announces that it has entered into an additional hedge to fix the WTI price of oil on 650 barrels per day of oil production at an average of $71.50 in Canadian dollars for the period February to December 2017. When this hedge is combined with previously announced hedges the total volumes hedged from February to December 2017 are 1,300 barrels per day at an average price of $69.24 in [Read more]

Freehold Royalties Ltd. Declares Dividend for January 2017

CALGARY, ALBERTA--(Marketwired - Jan. 12, 2017) - Freehold Royalties Ltd. (Freehold) (TSX:FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.04 per common share to be paid on February 15, 2017 to shareholders of record on January 31, 2017. These dividends are designated as "eligible dividends" for Canadian income tax purposes. Freehold's primary focus is on acquiring and managing oil and gas royalties. The majority of production comes from royalty [Read more]

AltaGas Statement on Potential Transaction

CALGARY, ALBERTA--(Marketwired - Jan. 12, 2017) - AltaGas Ltd. ("AltaGas") (TSX:ALA) today issued, at the request of IIROC, on behalf of the Toronto Stock Exchange, the following statement in response to a media report suggesting that it is in talks with and pursuing a potential transaction with a third party: While we are in discussions regarding a potential transaction with a third party, no agreement has been reached and there is no assurance that these discussions will continue or [Read more]

PrairieSky Royalty Declares January Dividend

CALGARY, ALBERTA--(Marketwired - Jan. 12, 2017) - PrairieSky Royalty Ltd. ("PrairieSky") (TSX:PSK) announced today that its Board of Directors has declared a dividend of CDN $0.06 per common share, payable in cash on February 15, 2017 to shareholders of record on January 31, 2017. This dividend is designated as an "eligible dividend" for Canadian income tax purposes. About PrairieSky Royalty Ltd. PrairieSky is a royalty-focused company, generating royalty revenues as petroleum [Read more]

MEG Energy announces increase to previously announced bought deal financing to $450 million

CALGARY, ALBERTA--(Marketwired - Jan. 12, 2017) - MEG Energy Corp. ("MEG" or the "Company") (TSX:MEG) announced today that, due to strong demand, the Company has increased the size of its previously announced public offering to 58,100,000 subscription receipts (the "Subscription Receipts"), at a price of $7.75 per Subscription Receipt (the "Offering Price"), for aggregate gross proceeds to the Company of approximately $450 million (the "Offering"). The Company has granted the Underwriters an [Read more]

Mooncor to Re-Activate its Wells

TORONTO, ONTARIO--(Marketwired - Jan. 12, 2017) - Mooncor Oil & Gas Corp. (the "Company") (TSX VENTURE:MOO) is pleased to announce that it intends to re-activate its two oil wells (the "Wells") located in Lloydminster, Alberta. The Wells remained inactivate due to the historically low oil prices but the recent recovery in oil prices has made it economically feasible to reactivate the Wells. The Wells require some relatively minor maintenance work and repairs in order to restore them to [Read more]

Pan Orient Energy Corp.: Operations and Corporate Update

CALGARY, ALBERTA--(Marketwired - Jan. 12, 2017) - Pan Orient Energy Corp. ("Pan Orient" or the "Company") (TSX VENTURE:POE) is providing an operations and corporate update. INDONESIA Batu Gajah PSC (Pan Orient 77% & Operator) The current 10 year term of the Batu Gajah Production Sharing Contract ("PSC") expires on January 15, 2017. Recent discussions with the Government of Indonesia ("GOI") have indicated the possibility of a one year extension to the exploration term of the PSC, [Read more]