BOE Report

Touchstone Liquidates Hedging Contracts and Repays Bank Loan Balance

CALGARY, ALBERTA--(Marketwired - June 7, 2016) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX:TXP) announces that it liquidated its outstanding commodity hedging contracts on June 2, 2016 for gross proceeds of US$2,019,000 and voluntarily repaid its outstanding US$2,000,000 principal credit facility balance. Effective June 7, 2016, the Company and its lender executed an Amendment and Limited Waiver to the Credit Agreement (the "Amendment"). The Amendment waived the [Read more]

Suncor Energy announces $2.5 billion bought-deal common share financing

CALGARY, ALBERTA--(Marketwired - June 7, 2016) - Suncor today announced it has entered into an agreement to sell 71.5 million common shares from treasury, on a bought deal basis, at a price of $35.00 per share (the "Offering"). The net proceeds of the Offering will be used for the previously announced acquisition of an additional five percent interest in the Syncrude joint venture and to reduce certain outstanding indebtedness in order to provide ongoing balance sheet flexibility, including for [Read more]

Gear Energy Ltd. Announces Strategic Combination With Striker Exploration Corp., A $15 Million Bought Deal Financing, and Pro Forma $50 Million Senior Secured Revolving Credit Facilities

CALGARY, ALBERTA--(Marketwired - June 7, 2016) - Gear Energy Ltd. ("Gear") (TSX:GXE) and Striker Exploration Corp. ("Striker") (TSX VENTURE:SKX) are pleased to announce that they have entered into a definitive agreement (the "Arrangement Agreement") providing for the acquisition by Gear of all the issued and outstanding common shares of Striker (the "Striker Shares") pursuant to a plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement"). In addition, Gear has entered [Read more]

Canadian Natural Resources Limited Completes the Distribution of PrairieSky Royalty Ltd. Shares

CALGARY, ALBERTA--(Marketwired - June 7, 2016) - Canadian Natural Resources Limited (TSX:CNQ) (NYSE:CNQ) ("Canadian Natural" or the "Company") is pleased to announce that it has completed its previously announced plan of arrangement (the "Arrangement") under which shareholders of record of the Company received 0.02 of a common share ("PrairieSky Shares") of PrairieSky Royalty Ltd. ("PrairieSky") for each Canadian Natural common share held on the record date for the Arrangement, or a cash [Read more]

Marquee Energy Ltd. Announces Disposition and Closing of Non-Core Assets

CALGARY, AB--(Marketwired - June 06, 2016) - Marquee Energy Ltd. ("Marquee" or the "Company") (TSX VENTURE: MQL) (OTCQX: MQLXF) announces that it has closed the disposition of certain assets and related liabilities, consisting of its non-core heavy oil asset at Lloydminster, Alberta and a property in western Alberta to a third party ("Privateco") ("Transaction"). The effective date of the Transaction is June 1, 2016. As previously reported on March 19, 2015 Marquee sold a production volume [Read more]

Virginia Hills Oil Corp. Announces Management Change

CALGARY, ALBERTA--(Marketwired - June 6, 2016) - Virginia Hills Oil Corp. ("Virginia Hills" or the "Company") (TSX VENTURE:VHO) announces that Tracie Noble, Vice President, Finance and Chief Financial Officer of the Company has resigned from her position as an officer of the Company effective today. The Board of Virginia Hills would like to thank Ms. Noble for her dedicated service to the Company. The Board of Directors has appointed Ms. Adeline Martin as Vice President, Finance and Chief [Read more]

Suncor Energy provides RMWB production and 2016 Corporate Guidance update

CALGARY, ALBERTA--(Marketwired - June 6, 2016) - Suncor today confirmed that it is ramping up production in a staged manner and expects that all of its operations in the Regional Municipality of Wood Buffalo ("RMWB") will be producing at normal, pre-turnaround rates by the end of June. Suncor expects base plant operations to return to pre-fire production rates within a week. A return to normal production levels at Suncor's in situ facilities and the completion of the planned turnaround [Read more]

Eagle Energy Inc. Announces a Reduction in Monthly Dividends

CALGARY, ALBERTA--(Marketwired - June 6, 2016) - Eagle Energy Inc. (TSX:EGL) ("Eagle") announces that, pursuant to the new term in its credit agreement that restricts Eagle from paying dividends exceeding $0.005 (half a cent) per share per month, Eagle has reduced its monthly dividend to $0.005 per share ($0.06 annualized) beginning with the June 2016 dividend payable on July 22, 2016 to shareholders of record on June 30, 2016. The ex-dividend date is June 28, 2016. Eagle's dividend has been [Read more]

Raging River Exploration Inc. to Highlight 2016 Capital Plan

CALGARY, ALBERTA--(Marketwired - June 6, 2016) - Raging River Exploration Inc. ("Raging River" or the "Company") (TSX:RRX) is in Regina, Saskatchewan today meeting with Saskatchewan Premier Brad Wall and visiting the legislature to highlight the Company's 2016 capital plan. "We are happy to have the opportunity to share our plans for 2016 and beyond with the Premier and highlight the tremendous amount of activities we are undertaking in the province," Neil Roszell, President and Chief [Read more]

Shoal Point Responds to Release of Report From NL Hydraulic Fracturing Review Panel

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 6, 2016) - Mark Jarvis, CEO of Shoal Point Energy (CSE:SHP), today responded to the final report of the Newfoundland and Labrador Hydraulic Fracturing Review Panel, released May 31. "The report concludes that many years of study, development of new government policies and research are required before hydraulic fracturing can be used, if ever, in the province of Newfoundland and Labrador," said Mr. Jarvis. "We find the conclusion puzzling, because [Read more]