BOE Report

MEG Energy announces proposed offering of Senior Secured Notes due 2025

CALGARY, ALBERTA--(Marketwired - Jan. 12, 2017) - MEG Energy Corp. (TSX:MEG) announced today that is planning to commence, subject to market and other conditions, a 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. MEG intends to use the net proceeds, together with cash on hand, to finance the redemption of all of its outstanding 6.50% [Read more]

Chinook Energy Announces Upcoming Board Succession

CALGARY, ALBERTA--(Marketwired - Jan. 12, 2017) - Chinook Energy Inc. (TSX:CKE) ("Chinook" or the "Company") announced today that each of Donald Archibald, Matthew Brister and Stuart Clark, directors of the Company, have advised the Board of Directors of the Company that they will not be standing for re-election at the Company's annual and special meeting of shareholders to be held on May 11, 2017 (the "Meeting"). The remaining directors of the Company, each of whom are independent directors, [Read more]

Tamarack Valley Energy Ltd. Announces Closing of Spur Resources Ltd. Acquisition and Increase in Borrowing Base to $220 Million

CALGARY, ALBERTA--(Marketwired - Jan. 11, 2017) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX:TVE) is pleased to announce that it has successfully completed the previously announced acquisition (the "Acquisition") of Spur Resources Ltd. ("Spur") pursuant to a plan of arrangement under the provisions of the Business Corporations Act (Alberta). Immediately prior to the closing of the Acquisition, Spur conveyed all of its non-Viking assets to a newly formed private company, to be [Read more]

Strategic Oil & Gas Announces Brokered Private Placement

CALGARY, ALBERTA--(Marketwired - Jan. 11, 2017) - Strategic Oil & Gas Ltd. (TSX VENTURE:SOG) ("Strategic" or the "Company") is pleased to announce that it has appointed Paradigm Capital Inc. (the "Agent") to sell, by way of a private placement on a best efforts basis, common shares (the "Common Shares") of the Company at a price of $0.12 (the "Issue Price") per Common Share for gross proceeds of up to $5,000,000 (the "Offering"). The Agent has been granted the option (the "Agent's [Read more]

MEG Energy announces comprehensive refinancing plan including an extended 5 year covenant-lite revolving credit facility, a CDN$357 MM equity financing and a return to growth 2017 capital budget

CALGARY, ALBERTA--(Marketwired - Jan. 11, 2017) - MEG Energy Corp. ("MEG" or the "Company") (TSX:MEG) announced today comprehensive refinancing transactions which are expected to support a strengthened balance sheet, as well as increased production and reduced costs through an expansion of the Company's growth program. The refinancing plan retains the covenant-lite flexibility of its current debt structure. MEG also announced today its 2017 capital investment plan and operational [Read more]

Tidewater Midstream and Infrastructure Ltd. Announces Closing of $69 Million Bought Deal Financing

CALGARY, ALBERTA--(Marketwired - Jan. 11, 2017) - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX VENTURE:TWM) announces that it has closed its previously announced bought deal financing. A total of 44,231,300 common shares have been issued at a price $1.56 per share for gross proceeds of $69,000,828, which included the exercise in full of the over-allotment option granted to the underwriters (the "Offering"). The syndicate of underwriters was co-led by [Read more]

Front Range reports Montney Discovery at West Pepper, Alberta and Operations Update

CALGARY, AB--(Marketwired - January 11, 2017) - Front Range Resources Ltd. ("Front Range" or the "Company") (TSX VENTURE: FRK) is providing an update regarding its ongoing drilling program at Pepper, Alberta. Both wells of the current program are located within the Company's 33-section Pepper land block where Front Range is operator and has a 100% working interest. The West Pepper Upper Montney well represents the southernmost horizontal Montney discovery drilled to date (42 kilometres from the [Read more]

Delphi Energy Corp. Announces 2017 Budget and Development Plan to Significantly Accelerate Drilling Activity and Production Growth

CALGARY, ALBERTA--(Marketwired - Jan. 11, 2017) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") is pleased to announce that the Company's Board of Directors has approved the 2017 capital and operating budget following the closing of the previously announced $50.0 million Bigstone Montney Transaction (the "Transaction") and the announcement of a new $80.0 million senior secured credit facility with Alberta Treasury Branches, as syndicate lead, which also includes the Bank of Nova [Read more]

Blackbird Energy Inc. Completes Facility and Gathering System Construction at Elmworth/Pipestone and Provides Operational Update Regarding Accelerated Business Plan and Stage Completions

CALGARY, ALBERTA--(Marketwired - Jan. 11, 2017) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is pleased to announce that it has completed the construction of its 100% owned and operated 12-14-70-7W6 Elmworth facility ("Facility") and gathering system ("Gathering System"). Blackbird is also pleased to provide an operational update regarding its previously announced accelerated business plan and the Stage Completions ("Stage") roll-out. Highlights Completion of [Read more]

Relentless Resources Announces Completion of Private Placements

CALGARY, ALBERTA--(Marketwired - Jan. 10, 2017) - Relentless Resources Ltd. ("Relentless" or the "Company") (TSX VENTURE:RRL) is pleased to announce the completion of the private placements previously announced on December 8, 2016 (the "First Private Placement") and on December 23, 2016 (the "Second Private Placement"). In connection with the First Private Placement, the Company issued 10,000,000 units ("Units") at a price of $0.05 per Unit for gross proceeds of $500,000. Each Unit consists [Read more]