BOE Report

Spartan Energy Corp. Announces Closing of Previously Announced Strategic Light Oil Acquisition, 2017 Corporate Budget and Increase in Borrowing Base to $350 Million

CALGARY, ALBERTA--(Marketwired - Dec. 8, 2016) - Spartan Energy Corp. ("Spartan" or the "Company") (TSX:SPE) is pleased to announce the closing of its previously announced strategic light oil acquisition in southeast Saskatchewan from ARC Resources Ltd. (the "Acquisition"). The Acquisition includes high quality, low decline, operated production and a large land base which is highly complementary to Spartan's existing operations in southeast Saskatchewan. In addition, the Company is pleased to [Read more]

Spartan Energy Corp. Announces Exercise of Over-Allotment Option and Completion of $542.6 Million Equity Financings

CALGARY, ALBERTA--(Marketwired - Dec. 8, 2016) - Spartan Energy Corp. ("Spartan" or the "Company") (TSX:SPE) is pleased to announce that it has closed its previously announced bought deal public offering of 95,852,500 subscription receipts ("Subscription Receipts") at a price of $3.00 per Subscription Receipt, which includes 12,502,500 Subscription Receipts issued pursuant to the exercise in full of the over-allotment option, for aggregate gross proceeds of approximately $287.6 million (the [Read more]

Pine Cliff Energy Ltd. Grants Stock Options

CALGARY, ALBERTA--(Marketwired - Dec. 8, 2016) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES Pine Cliff Energy Ltd. ("Pine Cliff") (TSX:PNE) announces that it has granted an aggregate of 10,284,000 stock options to its directors, officers, employees and certain service providers, of which 4,856,000 were granted to its directors and officers. The stock options vest between one to three years, have an exercise price of $1.16 per share and will [Read more]

Manitok Energy Inc. Announces a New Production Milestone Exceeding 7,100 boe/d and Two Additional Well Test Results

CALGARY, ALBERTA--(Marketwired - Dec. 8, 2016) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to announce that it has achieved another production milestone. Based on field estimates, Manitok's current production level exceeds 7,100 boe/d (40% light oil and liquids) surpassing Manitok's previously announced record production level of 6,500 boe/d at the end of October 2016. The Corporation attributes the increase to placing three (two in Carseland and one in [Read more]

Cenovus’s 2017 budget sets stage for disciplined growth

CALGARY, AB--(Marketwired - December 08, 2016) - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) plans to invest between $1.2 billion and $1.4 billion in 2017, a 24% increase compared with the company's forecast capital spending for 2016. The 2017 budget includes capital to resume construction of the phase G expansion at Cenovus's Christina Lake oil sands project and to invest in attractive conventional oil drilling opportunities with high-return potential in southern Alberta. The company plans to [Read more]

Crescent Point Energy Announces 2017 Guidance Highlighted by 10 Percent Exit Production Growth

CALGARY, ALBERTA--(Marketwired - Dec. 7, 2016) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG)(NYSE:CPG) is pleased to announce a $1.45 billion capital expenditures budget for 2017. This budget is expected to generate a 2017 exit production rate of approximately 183,000 boe/d, or exit to exit growth of approximately 16,000 boe/d. This represents production growth of approximately 10 percent on both an absolute and per share basis. "We've had a very successful 2016 [Read more]

Pine Cliff Energy Ltd. Announces Closing of $31.4 Million Disposition of Non-Core Oil Assets

CALGARY, ALBERTA--(Marketwired - Dec. 7, 2016) - Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX:PNE) is pleased to announce that it has closed its previously announced disposition of non-core oil assets for $31.4 million, prior to any closing adjustments, consisting of $26.6 million in cash and $4.8 million in TSX-listed common shares of the purchaser. The net proceeds from the Disposition were used to pay down Pine Cliff's bank indebtedness, resulting in Pine Cliff reducing its [Read more]

TransCanada To Proceed With $655 million Saddle West Natural Gas Project

CALGARY, ALBERTA--(Marketwired - Dec. 7, 2016) - News Release - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that its wholly-owned subsidiary, NOVA Gas Transmission Ltd. (NGTL), will move forward with an expansion of its NGTL System, the Saddle West Project, which will increase total natural gas transportation capacity on the northwest portion of the system by approximately 355 million cubic feet per day (MMcf/d). The project is underpinned by incremental firm [Read more]

TransCanada Declares Quarterly Dividends

CALGARY, ALBERTA--(Marketwired - Dec. 7, 2016) - News Release - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) today announced that the Board of Directors (Board) of TransCanada declared quarterly dividends on the outstanding Cumulative First Preferred Shares as follows: For the period up to but excluding February 28, 2017, payable on February 28, 2017, to shareholders of record at the close of business on January 31, 2017: [Read more]

Sunshine Oilsands Ltd.: Placing of Up to 50,000,000 New Shares Under General Mandate

HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Dec. 7, 2016) - The Board of Directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX:2012) is pleased to announce the following: PLACING OF NEW SHARES UNDER GENERAL MANDATE (a) The Placing On December 7, 2016 in Hong Kong (December 6, 2016 in Calgary), the Corporation entered into a placing agreement (the "Placing Agreement") with China Industrial Securities International Capital Limited (the [Read more]