BOE Report

Baytex Closes $115 Million Bought Deal Financing

CALGARY, ALBERTA--(Marketwired - Dec. 12, 2016) - Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) has closed the previously announced bought deal financing (the "Equity Financing"). Baytex issued 21,907,500 common shares (the "Common Shares"), including 2,857,500 common shares pursuant to the full exercise of the over-allotment option, at a price of $5.25 per share for aggregate gross proceeds of approximately $115 million. The net proceeds from the Equity Financing will be used to fund [Read more]

Delphi Energy Corp. Announces Definitive Partner Agreement to Accelerate Growth of its Bigstone Montney Asset

CALGARY, ALBERTA--(Marketwired - Dec. 12, 2016) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") is pleased to announce that the Company has executed a definitive agreement with our existing working interest industry partner (our "Partner"), in connection with the transaction summarized in the strategic letter of intent previously announced on November 8, 2016 (the "Transaction"). The Transaction will immediately accelerate the development of Delphi's world-class, liquids rich Deep [Read more]

Zargon Oil & Gas Ltd. Announces 2017 Capital Expenditure Budget

CALGARY, ALBERTA--(Marketwired - Dec. 12, 2016) - Zargon Oil & Gas Ltd. (the "Company" or "Zargon") (TSX:ZAR) (TSX:ZAR.DB) announces its 2017 capital budget. With Zargon's recently announced 2017 oil hedges (November 30), Zargon's Board of Directors has approved a 2017 capital budget of $7.8 million. This budget is projected to maintain production at stable Q4 2016 guidance levels of 2,500 barrels of oil equivalent per day (82% oil and liquids), and is expected to be fully funded out of [Read more]

Veresen Comments on FERC Decision to Deny Request for Rehearing of the Applications of Jordan Cove LNG and Pacific Connector Gas Pipeline

CALGARY, ALBERTA--(Marketwired - Dec. 9, 2016) - Veresen Inc. ("Veresen") (TSX:VSN) has received notice from the Federal Energy Regulatory Commission ("FERC") that it has denied the request for rehearing submitted on April 8, 2016, by Jordan Cove Energy Project, L.P. and Pacific Connector Gas Pipeline, LP related to their applications for authorization to construct and operate a liquefied natural gas export terminal and natural gas pipeline. In its decision, FERC stated that the March 11 order [Read more]

Inter Pipeline Announces December 2016 Cash Dividend

CALGARY, ALBERTA--(Marketwired - Dec. 9, 2016) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) announced today the declaration of a cash dividend of $0.135 per share for December 2016. This dividend will be paid on or about January 16, 2017 to shareholders of record on December 22, 2016. This dividend is designated as an "eligible dividend" for Canadian tax purposes. Since inception, Inter Pipeline has distributed approximately $3.8 billion in cash payments to investors. Inter [Read more]

Strategic Oil & Gas Ltd. Announces New Well Results and First Half of 2017 Budget

CALGARY, ALBERTA--(Marketwired - Dec. 9, 2016) - Strategic Oil & Gas Ltd. ("Strategic", or the "Company") (TSX VENTURE:SOG) announces its recent well results, capital budget for the first half of 2017 and provides a financing update. MUSKEG WELL 14-12 TESTS AT 810 BOED Strategic tested a third successful Muskeg well 14-12 at an average rate of 810 boe/d (59% oil) over a 4 day production period. On November 1, 2016 the company announced results from the Muskeg well 2-13 which tested 1,057 [Read more]

Relentless Announces Private Placement

CALGARY, ALBERTA--(Marketwired - Dec. 8, 2016) - Relentless Resources Ltd. ("Relentless" or "the Company") (TSX VENTURE:RRL) announces it plans to complete a non-brokered equity financing of up to 10,000,000 units ("Units") at a price of $0.05 per Unit for gross proceeds of up to $500,000. Each Unit will consist of one common share of the Company ("Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant will give the holder the option, exercisable for a period of one year, [Read more]

Antler Hill Announces Updates on Qualifying Transaction

CALGARY, ALBERTA--(Marketwired - Dec. 8, 2016) - Antler Hill Oil & Gas Ltd. (the "Corporation" or "Antler Hill") (NEX:AHO.H), a capital pool company listed on the NEX, announces the following updates in connection with its Qualifying Transaction, as previously announced on September 19, 2016. Antler Hill has entered into a letter of engagement with Richardson GMP Ltd. ("RGMP"), in connection with a proposed brokered equity financing (the "Offering"). The Offering is expected to be completed [Read more]

Lightstream Announces Granting of Approval of Vesting Order to Sell Substantially All of the Company’s Assets

CALGARY, ALBERTA--(Marketwired - Dec. 8, 2016) - Lightstream Resources Ltd. (the "Company" or "Lightstream") announces that the Court of Queen's Bench of Alberta has granted an approval and vesting order ("Approval and Vesting Order") for the previously announced purchase and sale of substantially all of the assets and business of Lightstream (the "Sale Transaction") for the full amount of the claims outstanding in respect of the Company's 9.875% second lien secured notes due 2019 ("Secured [Read more]

Cenovus in top tier of climate change performance ranking

CALGARY, AB--(Marketwired - December 08, 2016) - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has been placed in the Leadership level of the annual CDP Climate Change Report. This global ranking recognizes actions the company has taken to manage climate change impacts within its operations and beyond. The score of A- positions Cenovus in the top quartile of all global companies assessed by CDP and it is one of only two Canadian energy companies at the Leadership level. These results were [Read more]