BOE Report

Suncor Energy announces closing of $2.9 billion bought-deal common share financing

CALGARY, ALBERTA--(Marketwired - June 22, 2016) - Suncor today announced that it has completed its previously announced bought-deal offering of 82,225,000 common shares at a price of $35.00 per common share through a syndicate of underwriters led by TD Securities Inc., CIBC Capital Markets and J.P. Morgan Securities Canada Inc. (the "Offering"). The Offering includes 10,725,000 common shares issued pursuant to the fully exercised over-allotment option. Aggregate gross proceeds from the Offering [Read more]

Long Run Exploration Ltd. Announces Receipt of Investment Canada Approval

CALGARY, ALBERTA--(Marketwired - June 22, 2016) - Long Run Exploration Ltd. ("Long Run" or the "Company") (TSX:LRE) is pleased to announce that Calgary Sinoenergy Investment Corp. (the "Purchaser") has received approval under the Investment Canada Act for the acquisition of Long Run by the Purchaser pursuant to the plan of arrangement involving Long Run, the Purchaser and the Long Run securityholders (the "Arrangement"). Long Run is working with the Purchaser in respect of the foreign [Read more]

Sunshine Oilsands Ltd.: Announcement of Partial Closing of Private Placement of 58,871,000 Common Shares Under General Mandate

HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - June 21, 2016) - Sunshine Oilsands Ltd. (a corporation incorporated under the Business Corporations Act of the Province of Alberta, Canada with limited liability) (HKSE:2012) By Order of the Board of Sunshine Oilsands Ltd. Sun Kwok Ping, Executive Chairman Hong Kong, June 22, 2016 Calgary, June 21, 2016 As at the date of this announcement, the Board consists of Mr. Kwok Ping Sun, Mr. Hong Luo and Dr. Qi Jiang as executive [Read more]

PetroShale Announces Affirmation of Senior Loan Capacity

CALGARY, ALBERTA--(Marketwired - June 21, 2016) - PetroShale Inc. ("PetroShale" or the "Company") (TSX VENTURE:PSH) (OTCQX:PSHIF) is pleased to announce the lender to its senior secured revolving credit facility (the "Senior Facility") has re-affirmed the current borrowing base capacity at US$22.5 million following its review of the Company's year end independent reserve report. The Senior Facility is a revolving demand loan provided by a Canadian chartered bank, with a term to June 16, 2017, [Read more]

Athabasca Oil Corporation Reports Voting Results of Election of Directors

CALGARY, ALBERTA--(Marketwired - June 21, 2016) - Athabasca Oil Corporation (TSX:ATH) ("Athabasca" or the "Company") announces that at its annual general meeting of shareholders held on June 21, 2016, each of the six nominees proposed and recommended by the Company as a director were elected along with the appointment of Ernst & Young LLP as auditors. The Company has been made aware that one large individual shareholder, working alone or jointly and in concert with others, appears to [Read more]

Zargon Oil & Gas Ltd. Announces Renewal of Credit Facilities

CALGARY, ALBERTA--(Marketwired - June 21, 2016) - Zargon Oil & Gas Ltd. (TSX:ZAR)(TSX:ZAR.DB) ("Zargon") has renewed and extended its committed syndicated credit facilities with a borrowing base of $70 million, down from $88 million. The credit facilities are now fully revolving until September 22, 2016, with the provision for a nine month extension at the option of the lenders and upon request from Zargon. This reduced borrowing base compares with Zargon's outstanding bank debt of $64.6 [Read more]

Encana Reaches Agreement to Sell Gordondale Assets for C$625 Million

CALGARY, AB--(Marketwired - June 21, 2016) -(TSX: ECA)(NYSE: ECA) Encana Corporation announced today that it has reached an agreement to sell its Gordondale assets in northwestern Alberta to Birchcliff Energy Ltd. (TSX: BIR) for a total cash consideration of C$625 million. The sale includes approximately 54,200 net acres of land and associated infrastructure. In addition, through the transfer of current and future obligations, Encana is reducing midstream and downstream commitments by more [Read more]

Veresen Announces Common Share Dividend for June 2016

CALGARY, ALBERTA--(Marketwired - June 21, 2016) - Veresen Inc. ("Veresen") (TSX:VSN) announces that its Board of Directors has declared a cash dividend for June 2016 of $0.0833 per common share. The dividend will be paid on July 22, 2016 to shareholders of record at the close of business on June 30, 2016. This dividend is designated an "eligible dividend" for Canadian income tax purposes. The dividend is eligible to be reinvested by shareholders, at a 5% discount, in common shares of [Read more]

Marksmen Announces Drilling of Oil Well in Pickaway County, Ohio

CALGARY, ALBERTA--(Marketwired - June 21, 2016) - Marksmen Energy Inc. ("Marksmen" or the "Company") (TSX VENTURE:MAH)(OTCQB:MKSEF) is pleased to announce that Marksmen, as operator, and its joint venture partner Houghton Investments LLC., drilled a discovery well at its Pickaway County, Ohio, Davis-Holbrook #1 well location on a large Cambrian Knox target outlined by Marksmen's 3D Seismic programs. The discovery well was spudded on June 14, 2016. The well which had a projected total depth of [Read more]

Birchcliff Energy Ltd. Announces Strategic Montney/Doig Acquisition of High Quality Oil and Liquids-Rich Natural Gas and $530 Million Bought Deal Financing

CALGARY, ALBERTA--(Marketwired - June 21, 2016) - Birchcliff Energy Ltd. ("Birchcliff" or the "Corporation") (TSX:BIR) is pleased to announce that it has entered into an asset sale agreement (the "Acquisition Agreement") with Encana Corporation (the "Vendor") to purchase 100% of the Vendor's interests in the Gordondale area (the "Assets") which is within Birchcliff's primary focus area of Pouce Coupe/Gordondale, for cash consideration of $625 million, subject to closing adjustments (the [Read more]