BOE Report

Canadian Natural Resources Limited to Release 2017 Budget Details

CALGARY, ALBERTA--(Marketwired - Dec. 14, 2016) - Canadian Natural Resources Limited (TSX:CNQ)(NYSE:CNQ) ("Canadian Natural" or the "Company") will release its 2017 budget details on Thursday, December 15, 2016. The news release will provide forward looking information on the Company's 2017 operating year. A conference call and webcast that will include presentation slides (slides will be available on the Company's website 15 minutes prior to the call) will be held at 9:00 a.m. [Read more]

Raging River Exploration Inc. Announces 2017 Capital Budget of $310 Million and Confirmation of Increase in the Credit Facilities to $400 Million

CALGARY, ALBERTA--(Marketwired - Dec. 14, 2016) - Raging River Exploration Inc. ("Raging River" or the "Company") (TSX:RRX) announces that the Company's board of directors (the "Board") has approved a 2017 capital budget of $310 million. The budgeted capital expenditures are expected to increase average production to 22,500 boe/d (93% oil) representing a year over year production per share growth of 25% in 2017. The approved capital budget approximates forecasted cash flow of $310 million at [Read more]

Marquee Energy Ltd. Announces $2.5 Million Bought Deal Private Placement Flow-Through Shares

CALGARY, AB--(Marketwired - December 14, 2016) - Marquee Energy Ltd. ("Marquee" or the "Corporation") (TSX VENTURE: MQX) is pleased to announce that it has entered into a bought deal financing agreement, on a private placement basis, with Acumen Capital Finance Partners Limited (the "Underwriter"), pursuant to which the Underwriter has agreed to purchase 14,705,883 flow-through common shares under the Income Tax Act (Canada) with respect to Canadian exploration expenses of the Corporation (the [Read more]

Tervita Completes Recapitalization Transaction and Announces New Board Appointments

CALGARY, ALBERTA--(Marketwired - Dec. 14, 2016) - Tervita Corporation and certain of its affiliates ("Tervita" or the "Company") announced today that the Company's previously announced recapitalization transaction (the "Recapitalization Transaction"), described in the Company's management information circular dated October 28, 2016 (as amended from time to time), was completed effective today upon implementation of a court-approved plan of arrangement under the Canada Business Corporations Act. [Read more]

Athabasca Oil Corporation Announces Transformational Acquisition of High Quality Thermal Oil Assets from Statoil ASA

CALGARY, ALBERTA--(Marketwired - Dec. 14, 2016) - Athabasca Oil Corporation (TSX:ATH) ("Athabasca" or "the Company") is pleased to announce that is has entered into agreements with Statoil ASA ("Statoil") and its wholly owned subsidiary Statoil Canada Ltd. to acquire its Canadian Thermal Oil assets for consideration of $435 million cash, 100 million common shares and contingent value payments triggered at oil prices above US$65/bbl WTI. The acquired assets include the operating Leismer Thermal [Read more]

Traverse Energy Ltd. Closes Private Placement

CALGARY, ALBERTA--(Marketwired - Dec. 14, 2016) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) announces that it has closed its previously announced private placement (the "Private Placement") of 8 million common shares ("Shares"). The Corporation issued (i) 2.4 million common shares at $0.40 per share ("Common Shares") and (ii) 5.6 million common shares eligible for the renunciation of Canadian exploration expenses within the meaning of the Income Tax Act (Canada) at $0.46 per [Read more]

Blacksteel Energy Inc. Resumes Trading

CALGARY, ALBERTA--(Marketwired - Dec. 14, 2016) - Blacksteel Energy Inc. (TSX VENTURE:BEY) ("Blacksteel") is pleased to announce that its shares will resume trading on the TSX Venture Exchange on Friday December 16, 2016. In addition, Blacksteel intends to hold an annual and general shareholders' meeting on or before June 30, 2017. Blacksteel Energy Inc. Blacksteel is a junior oil and gas company involved in the exploration, exploitation, development and production of petroleum and [Read more]

PrairieSky Announces Royalty Acquisition and Concurrent Bought Deal Equity Financing

CALGARY, ALBERTA--(Marketwired - Dec. 14, 2016) - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX:PSK) is pleased to announce it has entered into a definitive agreement with Pengrowth Energy Corporation ("Pengrowth") to acquire a 4% Gross Overriding Royalty on current and future phases of its Lindbergh SAGD thermal oil project (the "Lindbergh Royalty Acquisition"), as well as seismic over certain lands in British Columbia and Alberta, for total cash consideration of $250 million [Read more]

Freehold Royalties Ltd. Declares Dividend for December 2016

CALGARY, ALBERTA--(Marketwired - Dec. 14, 2016) - 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 January 16, 2017 to shareholders of record on December 31, 2016. 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]

Pengrowth Announces the Sale of a 4.0% Gross Overriding Royalty Interest on Its Lindbergh Thermal Assets for $250 Million

CALGARY, ALBERTA--(Marketwired - Dec. 14, 2016) - Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) is pleased to announce that it has entered into a definitive agreement for the sale of a non-convertible gross overriding royalty interest on its Lindbergh thermal property for $250 million cash consideration. Under the terms of the agreement, Pengrowth is selling a 4.0% royalty on all of its Lindbergh thermal properties, including existing production from the first commercial phase as well as [Read more]