BOE Report

MEG Energy reports strong third quarter production, record low non-energy operating costs and reduced capital spending

CALGARY, AB--(Marketwired - October 27, 2016) - MEG Energy Corp. (TSX: MEG) today reported third quarter 2016 operating and financial results. Highlights include: Near-record production volumes of 83,404 barrels per day (bpd); Cash flow from operations of $23 million, or $0.10 per share; Record low non-energy operating costs of $5.32 per barrel, supporting net operating costs of $7.76 per barrel; Record low general and administrative expenses of $2.94 per barrel, a 21% [Read more]

Husky Energy Announces CEO Asim Ghosh Transition Plan and Retirement

CALGARY, AB--(Marketwired - October 26, 2016) - Husky Energy (TSX: HSE) today announced that President and CEO Asim Ghosh will be retiring effective December 5, 2016. Ghosh will remain on the Board of Directors. "For the past seven years Asim has brought his extensive business experience and tremendous leadership abilities to bear in reshaping and positioning Husky for a new energy era," said Board Co-Chairmen Victor Li and Canning Fok. "His work to rejuvenate Husky and strengthen the [Read more]

Suncor Energy reports third quarter 2016 results

CALGARY, ALBERTA--(Marketwired - Oct. 26, 2016) - Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working interest basis, before royalties, unless noted otherwise. Certain [Read more]

Tervita Announces Further Progress on Recapitalization Plan and Increased Noteholder Support

CALGARY, ALBERTA--(Marketwired - Oct. 26, 2016) - Tervita Corporation and certain of its affiliates ("Tervita" or the "Tervita Group") announced today that the date by which holders of the 9.75% senior unsecured notes issued by Tervita due November 2019 and the holders of the 10.875% senior unsecured notes issued by Tervita due February 2018 (collectively, the "Unsecured Notes", and the holders of such Unsecured Notes, the "Unsecured Noteholders") must execute a support agreement with Tervita in [Read more]

Baytex Conference Call and Webcast on Third Quarter 2016 Results to be held November 2, 2016

CALGARY, ALBERTA--(Marketwired - Oct. 26, 2016) - Baytex Energy Corp. (TSX:BTE) (NYSE:BTE) will release its 2016 third quarter financial and operating results prior to the opening of markets on Wednesday, November 2, 2016. A conference call and webcast will be held shortly thereafter to discuss the results and address investor questions. Conference Call Details: [Read more]

Point Loma Resources Announces Closing of Brokered Private Placement and Over-Allotment

CALGARY, AB--(Marketwired - October 26, 2016) - Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") is pleased to announce that it has closed the previously announced private placement (the "Offering") with Mackie Research Capital Corporation (the "Agent"). Point Loma has closed the Offering in the amount of $1.7 million in common shares of the Corporation issued on a "flow-through" basis (the "FT Common Shares") under the Income Tax Act (Canada) (the "Tax Act") with [Read more]

PrairieSky Announces Third Quarter 2016 Results

CALGARY, ALBERTA--(Marketwired - Oct. 25, 2016) - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSK:PSK) is pleased to announce its third quarter operating and financial results for the period ended September 30, 2016. 2016 Third Quarter Highlights: Average production of 23,050 BOE per day, 46% liquids Revenues of $59.3 million, including product revenues of $52.2 million and $5.6 million in lease issuance bonus consideration Funds from Operations of $54.2 million or [Read more]

Blackbird Energy Inc. Announces Non-Brokered Private Placements of Flow-Through Common Shares for Gross Proceeds of $13 Million and Strategic Accelerated Business Plan

CALGARY, ALBERTA--(Marketwired - Oct. 25, 2016) - (TSX VENTURE:BBI) Blackbird Energy Inc. ("Blackbird" or the "Company") is pleased to announce a non-brokered private placement of 16,500,000 common shares in the capital of the Company to be issued on a "flow-through" basis ("Flow-Through Common Shares") pursuant to the Income Tax Act (Canada) ("ITA") in respect of Canadian Exploration Expenses ("CEE") at a price of $0.485 per share for gross proceeds of $8,002,500 (the "CEE Private [Read more]

Peyto Exploration & Development Corp. Announces Closing of Private Placement of Senior Notes

CALGARY, ALBERTA--(Marketwired - Oct. 24, 2016) - Peyto Exploration & Development Corp. (TSX:PEY) ("Peyto") is pleased to confirm that it has closed an issuance of CDN$100 million of senior unsecured notes. The notes have a coupon rate of 3.7% and mature on October 24, 2023. The notes were issued by way of a private placement, pursuant to a note purchase and private shelf agreement, and rank equally with Peyto's obligations under its bank facility and existing note purchase and agreements. [Read more]

Sunshine Oilsands Ltd.: Announcement of Partial Closing of Private Placement of 151,274,509 Common Shares Under General and Specific Mandate

HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Oct. 23, 2016) - The Board of Directors of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKSE:2012) is pleased to announce the following: Partial Closing of Private Placement under General Mandate Reference is made to the announcements of the Corporation dated March 16, 2016, April 28, 2016, May 16, 2016, June 22, 2016, July 4, 2016 and September 1, 2016 (all Hong Kong time) (collectively, the "Bright Hope Announcement") in [Read more]