BOE Report

Inter Pipeline Announces Capital Expenditure Program for 2017

CALGARY, ALBERTA--(Marketwired - Dec. 19, 2016) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) announced today a $545 million capital expenditure program for 2017. Approximately $475 million, or 87 percent, of total capital expenditures will be for organic growth initiatives, with the remaining $70 million invested in sustaining capital works. In 2017, the majority of Inter Pipeline's growth capital program is expected to be directed towards engineering and planning for two proposed [Read more]

Questfire Energy Corp. Announces Credit Facility Amendment to May 31, 2017

CALGARY, ALBERTA--(Marketwired - Dec. 16, 2016) - Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE:Q.A) is pleased to announce that the Corporation and its syndicate of lenders have agreed to amend the terms of its bank facility, with such amended bank facility to have the following material provisions: a revised maturity date to May 31, 2017; the revised borrowing base consisting of: (1) a $5 million operating facility; (2) a $23 million syndicated facility; and [Read more]

AltaGas and Government of Alberta Reach Definitive Agreement to Settle Power Purchase Arrangement Dispute

CALGARY, ALBERTA--(Marketwired - Dec. 16, 2016) - AltaGas Pipeline Partnership ("AltaGas") (TSX:ALA) and the Government of Alberta ("GOA") reached a definitive Settlement Agreement today regarding the termination of the Sundance B Unit 3 and Sundance B Unit 4 Power Purchase Arrangements ("Sundance B PPAs") previously held by ASTC Power Partnership, a partnership between TransCanada Energy Ltd and AltaGas. Under the Settlement Agreement, AltaGas has agreed to contribute 391,879 self-generated [Read more]

Blackbird Energy Inc. Announces Release of First Quarter 2017 Financial and Operating Results

CALGARY, ALBERTA--(Marketwired - Dec. 16, 2016) - Blackbird Energy Inc. ("Blackbird") (TSX VENTURE:BBI) is pleased to announce that it has released its first quarter 2017 financial and operating results. Blackbird's unaudited condensed consolidated interim financial statements and management's discussion and analysis for the quarter ended October 31, 2016 are available on SEDAR at www.sedar.com and are also posted on Blackbird's website at www.blackbirdenergyinc.com. About Blackbird Blackbird [Read more]

Groundstar Resources Limited Announces Closing of Flow-Through Financing and Provides Corporate Update

CALGARY, ALBERTA--(Marketwired - Dec. 16, 2016) - Groundstar Resources Limited (TSX VENTURE:GSA) (the "Company") is pleased to announce that it has closed the initial tranche of it's offering of common shares in the capital of the Company being issued on a "flow-through" basis within the meaning of the Income Tax Act (Canada) (the "Flow-Through Shares") at a price of $0.02 per Flow-Through Share by way of a non-brokered private placement (the "Closing"). The Company issued a total of 5.875 [Read more]

Canadian Natural Resources Limited Completes the Sale of Its Ownership Interest in the Cold Lake Pipeline

CALGARY, ALBERTA--(Marketwired - Dec. 16, 2016) - Canadian Natural Resources Limited ("Canadian Natural" or the "Company") (TSX:CNQ) (NYSE:CNQ) announces that the agreement relating to monetizing the Company's non-core ownership interest in the Cold Lake Pipeline, to Inter Pipeline Ltd ("Inter Pipeline") has been completed. Canadian Natural received gross proceeds of $350 million in cash and 6,417,740 common shares of Inter Pipeline at an ascribed value of $177.5 million (approximately $186.6 [Read more]

Inter Pipeline Completes Acquisition of Remaining Interest in the Cold Lake Pipeline System

CALGARY, ALBERTA--(Marketwired - Dec. 16, 2016) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) announced today the successful closing of its acquisition of the remaining 15 percent interest in the Cold Lake pipeline system from Canadian Natural Resources Limited ("Canadian Natural") for $527.5 million, subject to closing adjustments. This immediately accretive acquisition, announced on December 12, 2016, results in Inter Pipeline owning 100 percent of the 1,400 km Cold Lake pipeline [Read more]

Petrocapita Provides an Update on Proceeds of $11.525 Million Debentures

CALGARY, ALBERTA--(Marketwired - Dec. 15, 2016) - Petrocapita Income Trust (CSE:PCE.UN)(CSE:PCE.UN.CN) ("Petrocapita" or the "Trust") announces the close of an additional $717,000, for an aggregate gross proceeds to date of $6,525,000 from the sale of its 8% secured convertible debentures (the "Convertible Debentures") pursuant to its previously announced private placement offering of these Convertible Debentures. The maximum amount to be raised has been increased to $7,000,000. This is in [Read more]

DXI Energy Provides Woodrush BC Project Update

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 15, 2016) - DXI Energy Inc. (TSX:DXI)(OTCQB:DXIEF) ("DXI" or the "Company"), an upstream oil and gas exploration and production company operating in Colorado's Piceance Basin and the Peace River Arch region in British Columbia, today announced its multi-phase plan to expand both production and landholdings at the Woodrush Project. Woodrush Project Background The Woodrush Project encompasses 14,444 net acres with 14 wells (3 oil and gas, 10 [Read more]

Enbridge Inc. Shareholders Overwhelmingly Support Combination with Spectra Energy Corp

CALGARY, ALBERTA--(Marketwired - Dec. 15, 2016) - Enbridge Inc. ("Enbridge" or the "Company") (TSX:ENB) (NYSE:ENB) announced that Enbridge shareholders overwhelmingly approved the required resolutions in connection with the merger transaction (the "Transaction") between Enbridge and Spectra Energy Corp (the "Transaction") at the Special Meeting of shareholders (the "Meeting") held today in Calgary, Alberta. Of the common shares of Enbridge ("Enbridge Shares") voted at the Meeting, 99.42% of [Read more]