BOE Report

Petrocapita Announces Closing of Acquisition of Palliser Assets

CALGARY, ALBERTA--(Marketwired - July 11, 2016) - Petrocapita Income Trust (CSE:PCE.UN) ("Petrocapita" or the "Trust") announces that it has closed a Purchase and Sale Agreement ("PSA"), approved by Order of the Court of Queen's Bench of Alberta on July 11, 2016 for all, or substantially all, of the assets of Palliser Oil and Gas Corporation ("Palliser") from its Receiver Manager, FTI Consulting Canada Inc. ("FTI") for $3,000,000.00 (plus or minus any adjustments pursuant to the PSA [Read more]

Rising Star Resources Ltd. Announces Financing by Lex Capital and 32 Degrees Capital and the Acquisition of Peace River Assets

CALGARY, ALBERTA--(Marketwired - July 11, 2016) -Rising Star Resources Ltd. ("Rising Star" or the "Company") is pleased to announce that it has completed its initial financing with Lex Capital and 32 Degrees Capital with a total commitment amount of $25 million. The Company has also completed a non-brokered private placement ("Private Placement") which together with the initial financing, resulted in total aggregate proceeds of approximately $40 million. Rising Star is also pleased to announce [Read more]

Petrus Announces Asset Disposition and 2016 Budget Update

CALGARY, ALBERTA--(Marketwired - July 11, 2016) - Petrus Resources Ltd. (TSX:PRQ) ("Petrus" or the "Company") is pleased to announce that it has sold its oil and natural gas interests in the Peace River area of Alberta to Rising Star Resources Ltd. ("Rising Star"), a private company, for total consideration of $30.0 million subject to customary closing adjustments (the "Disposition"). The consideration is comprised of $29.0 million in cash and 1.0 million shares of Rising Star at a deemed value [Read more]

Inter Pipeline Announces July 2016 Dividend

CALGARY, ALBERTA--(Marketwired - July 7, 2016) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) announced today the declaration of a cash dividend of $0.13 per share for July 2016. This dividend will be paid on or about August 15, 2016 to shareholders of record on July 22, 2016. This dividend is designated as an "eligible dividend" for Canadian tax purposes. Since inception, Inter Pipeline has distributed approximately $3.6 billion in cash payments to investors. Inter Pipeline's [Read more]

Birchcliff Announces Filing of Final Short Form Prospectus, Expected Closing of Financings for Gross Proceeds of $690.8 Million and Refiling of Annual Information Form

CALGARY, ALBERTA--(Marketwired - July 7, 2016) - Birchcliff Energy Ltd. ("Birchcliff" or the "Corporation") (TSX:BIR) is pleased to announce that it has filed its (final) short form prospectus (the "Prospectus") with the applicable securities regulatory authorities in each of the provinces of Canada and received a receipt therefor in respect of its previously announced bought-deal financing of 101,520,000 Subscription Receipts ("Subscription Receipts") at a price of $6.25 per Subscription [Read more]

UPDATE – MEG Energy to release second quarter financial results

CALGARY, AB--(Marketwired - July 07, 2016) - MEG Energy Corp. (TSX: MEG) announces that it intends to release its financial results for the second quarter ended June 30, 2016 on Thursday, July 28, 2016.A conference call will be held to review the financial results at 8:30 a.m. Mountain Time (10:30 a.m. Eastern Time) on Thursday, July 28, 2016. The U.S./Canada toll-free conference call number is 1 866-223-7781. The international/local conference call number is 416-340-2218. A recording of the [Read more]

Paramount Resources Ltd. Enters Into an Agreement to Sell 310 Net Sections of Its Deep Basin Musreau/Kakwa Assets to Seven Generations Energy Ltd. for Total Consideration of $1.9 Billion

CALGARY, ALBERTA--(Marketwired - July 6, 2016) - Paramount Resources Ltd. (TSX:POU) ("Paramount" or the "Company") is pleased to announce that it has entered into a purchase and sale agreement (the "Agreement") with Seven Generations Energy Ltd. ("Seven Generations") pursuant to which Seven Generations will acquire 310 net sections of Paramount's Deep Basin oil & gas properties in the Musreau/Kakwa area of west Central Alberta (the "Assets") for total consideration of approximately $1.9 [Read more]

Seven Generations to Significantly Expand High-Growth Kakwa River Project With Agreement to Acquire Neighbouring Montney Assets for About $1.9 Billion

CALGARY, ALBERTA--(Marketwired - July 6, 2016) - 7G launches concurrent $650 million bought deal common share offering of subscription receipts to partially fund acquisition Bolt-on acquisition to expand 7G's prolific Nest lands and proved reserves by 47 percent Transaction adds 155 net sections of Montney land, about 30,000 boe/d of production 7G's second quarter 2016 production estimated at more than 115,000 boe/d Nest consolidation to boost 2016 production guidance to 120,000 [Read more]

Petrocapita Announces Potential Acquisition of Palliser Assets

CALGARY, ALBERTA--(Marketwired - July 5, 2016) - Petrocapita Income Trust (CSE:PCE.UN) ("Petrocapita" or the "Trust") announces that it has executed a Purchase and Sale Agreement ("PSA") to acquire all, or substantially all, of the assets of Palliser Oil and Gas Corporation ("Palliser") from its Receiver Manager, FTI Consulting Canada Inc. ("FTI"), subject to approval of the Court of Queen's Bench of Alberta. If approved, the effective date of the transaction is May 01, 2016. Details of the [Read more]

Questfire Energy Corp. Deferred Semi-Annual Borrowing Base Redetermination to August 15, 2016

CALGARY, AB--(Marketwired - July 04, 2016) - Questfire Energy Corp. (the "Corporation" or "Questfire") (TSX VENTURE: Q.A) (TSX VENTURE: Q.B) announces that the Corporation and its syndicate of lenders have agreed to defer the semi-annual borrowing base redetermination under the Corporation's credit facilities from June 30, 2016 to August 15, 2016, which is being effected together with various other amendments to such facility, including amendments to the financial covenants therein. About [Read more]