BOE Report

Gear Energy Ltd. and Striker Exploration Corp. Announce Shareholder and Court Approvals of Plan of Arrangement

CALGARY, ALBERTA--(Marketwired - July 26, 2016) - Gear Energy Ltd. ("Gear") (TSX:GXE) and Striker Exploration Corp. ("Striker") (TSX VENTURE:SKX) are pleased to announce that today Striker received shareholder and court approval for the previously announced combination of the two companies pursuant to the previously announced plan of arrangement (the "Arrangement"). Gear also received shareholder approval of the issuance of Gear common shares ("Gear Shares") pursuant to the Arrangement. Pursuant [Read more]

Bonavista Energy Corporation Announces 2016 Second Quarter Results

CALGARY, ALBERTA--(Marketwired - July 26, 2016) - Bonavista Energy Corporation ("Bonavista") (TSX:BNP) is pleased to report to shareholders its financial and operating results for the three and six months ended June 30, 2016. Operating and cash costs improved to $5.58 per boe and $9.51 per boe in the second quarter of 2016 resulting in a 21% and 16% improvement relative to the prior year period, supporting Bonavista's emphasis on cost reductions and efficiency improvements. The unaudited [Read more]

Energy Strength Offsets Metal Weakness: Scotiabank

TORONTO, ON--(Marketwired - July 26, 2016) - Scotiabank's Commodity Price Index advanced by 3.3% m/m in June as energy gains offset further losses in the metals space. Commodities have broadly broken into two fairly distinct groups: one driven by demand considerations and thus particularly vulnerable to currently fragile global economic conditions, and one where commodity-specific supply concerns have lifted prices off recent lows. The Oil & Gas index increased by 10.4% m/m in June, but [Read more]

Seven Generations Closes $748 Million Equity Financing

CALGARY, ALBERTA--(Marketwired - July 26, 2016) - Seven Generations Energy Ltd. (TSX:VII) (Seven Generations or 7G) has closed its previously announced bought-deal equity financing raising gross proceeds of $747,666,750 by issuing 30,705,000 subscription receipts for $24.35 each, which included 4,005,000 subscription receipts issued pursuant to the fully exercised over-allotment option granted to the syndicate of underwriters. Each subscription receipt entitles the holder thereof to receive, [Read more]

Manitok Energy Inc. Announces Closing Non-Brokered Private Placement of Subscription Receipts

CALGARY, ALBERTA--(Marketwired - July 26, 2016) -Manitok Energy Inc. ("Manitok" or the "Corporation") (TSX VENTURE:MEI) is pleased to announce that on July 25, 2016, Manitok closed its previously announced non-brokered private placement offering of subscription receipts (the "Subscription Receipts") at a p rice of $0.18 per Subscription Receipt (the "Private Placement"). Under closing of the Private Placement, Manitok issued 8,333,334 Subscription Receipts for aggregate gross proceeds of $1.5 [Read more]

Clearview Resources Ltd. Announces Non-Brokered Private Placement

CALGARY, ALBERTA--(Marketwired - July 25, 2016) - Clearview Resources Ltd. ("Clearview") is please to announce that it intends to complete a non-brokered private placement of $5,000,000 of voting common shares at a price of $4.50 per share. The offering is being marketed by Clearview to existing shareholders and is anticipated to close on or about August 4, 2016. The net proceeds of the offering will be used for general corporate purposes. Information regarding Clearview is available on [Read more]

Saturn Minerals Inc. Announces Flow-Through Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 25, 2016) - Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the "Company") is pleased to announce a flow-through financing as follows: 5,500,000 flow-through units at a price of $0.09 per unit (the "FT Unit"). Each FT Unit consists of one flow-through common share (the "FT Shares") and 0.3636 non flow-through share purchase warrants (the "FT Warrants"). Each FT Warrant will entitle the holder to purchase one additional non [Read more]

Zargon Oil & Gas Ltd. Announces Sale of Zargon’s Southeast Saskatchewan Assets for $89.5 Million

CALGARY, ALBERTA--(Marketwired - July 25, 2016) - Zargon Oil & Gas Ltd. (the "Company" or "Zargon") (TSX:ZAR)(TSX:ZAR.DB) has entered into a definitive agreement for the sale of all of its Southeast Saskatchewan assets for cash consideration of $89.5 million, subject to normal closing adjustments. The effective date of the transaction is July 1, 2016 and the transaction is expected to close in early September. The assets have the following attributes: Production: 1,211 barrels of oil [Read more]

Sanchez Energy Corporation Announces Second Quarter 2016 Earnings Conference Call

HOUSTON, TX--(Marketwired - July 25, 2016) - Sanchez Energy Corporation (NYSE: SN) ("Sanchez Energy" or the "Company") today announced that it will host a conference call at 1:00 p.m. Central Time (2:00 p.m. Eastern Time) on Monday, Aug. 8, 2016. The Company expects to release its second quarter 2016 earnings before the market opens that day.What:Sanchez Energy Second Quarter 2016 Earnings Conference Call  When:Monday, Aug. 8, 2016 at 1:00 p.m. Central Time (2:00 p.m. Eastern Time)  Dial [Read more]

TORC Oil & Gas Announces Strategic Acquisitions in Southeast Saskatchewan, Bought Deal Financing, Concurrent Private Placement to Cornerstone Investor and Increase to 2016 Production Guidance

CALGARY, ALBERTA--(Marketwired - July 25, 2016) - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG) is pleased to announce that it has entered into an agreement with an independent Canadian oil and gas company to acquire high quality, light oil assets which are complementary to TORC's existing assets in southeast Saskatchewan. The strategic acquisition (the "SE Saskatchewan Acquisition") includes 1,120 boepd (~95% light oil and liquids) of low decline, high netback, light oil producing [Read more]