BOE Report

Seven Generations’ Lenders Extend $850 Million Credit Facility

CALGARY, ALBERTA--(Marketwired - June 1, 2016) - Seven Generations Energy Ltd.'s (TSX:VII) lenders have renewed and extended the company's $850 million credit facility following a scheduled redetermination of its borrowing base. "We appreciate the ongoing support from our lending syndicate of 10 financial institutions. In the past six months, we have increased our reserves, the basis for our borrowing capacity, and have improved our financial strength as we continue to grow production and [Read more]

Bonterra Energy Corp. Confirms Cash Dividend for May 2016 Payable June 30, 2016

CALGARY, ALBERTA--(Marketwired - June 1, 2016) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) announces that the May 2016 monthly cash dividend will be $0.10 per share and will be paid on June 30, 2016. The record date for the dividend is June 15, 2016 and the ex-dividend date is June 13, 2016. The dividend is paid monthly and is subject to commodity prices and production levels. The dividend is considered an "eligible dividend" for tax purposes. Bonterra Energy [Read more]

Husky Energy Positioned to Grow Profits

CALGARY, ALBERTA--(Marketwired - June 1, 2016) - Husky Energy (TSX:HSE) is positioned to increase free cash flow as a result of the structural changes that have taken root across the business while significantly lowering its cost base. "Husky has been transformed over the past six years," said CEO Asim Ghosh. "We now have an oil price earnings break-even that is amongst the lowest in the oil industry and have significantly reduced our sustaining and maintenance capital requirements. "In [Read more]

Range Declares Quarterly Dividend

FORT WORTH, TX--(Marketwired - Jun 1, 2016) -  RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the second quarter. A dividend of $0.02 per common share is payable on June 30, 2016 to stockholders of record at the close of business on June 15, 2016.  RANGE RESOURCES CORPORATION (NYSE: RRC) is a leading independent oil and natural gas producer with operations focused in stacked-pay projects in [Read more]

Raging River Exploration Inc. Announces Corporate Acquisition of Rock Energy Inc.

CALGARY, ALBERTA--(Marketwired - May 31, 2016) - Raging River Exploration Inc. ("Raging River" or the "Company") (TSX:RRX) and Rock Energy Inc. ("Rock") (TSX:RE) are pleased to announce that they have entered into an agreement (the "Arrangement Agreement") providing for the acquisition by Raging River of all the issued and outstanding Rock common shares (the "Rock Shares") pursuant to a plan of arrangement under the Business Corporations Act (Alberta) (the "Acquisition"). THE [Read more]

Kelt Exploration Announces Amendments to Its Credit Facility

CALGARY, AB--(Marketwired - May 31, 2016) - Kelt Exploration Ltd. ("Kelt" or the "Company") (TSX: KEL) has completed its semi-annual borrowing base review with its syndicated group of lenders. The Company has agreed to certain amendments to its existing credit facility and the borrowing base has been re-determined at $185.0 million. All of the lenders, other than a single lender representing $10.0 million of the total commitment amount of $185.0 million (the "Term Lender"), have agreed to [Read more]

Eagle Energy Inc. Appointed as Operator of Dixonville Properties and Announces Credit Agreement Amendments

CALGARY, ALBERTA--(Marketwired - May 31, 2016) - Eagle Energy Inc. ("Eagle") (TSX:EGL) announced today that, effective June 1, 2016, it will assume operatorship of the Dixonville properties in which Eagle has a 50% working interest. Eagle also announced today that it has finalized its semi-annual borrowing base redetermination and amendments to its credit agreement (the "Credit Agreement") held with a syndicate of Canadian banks. A summary of the significant amendments to the Credit Agreement [Read more]

Bonterra Energy Corp. Announces Update to Borrowing Base

CALGARY, ALBERTA--(Marketwired - May 31, 2016) - Bonterra Energy Corp. (TSX:BNE) ("Bonterra" or the "Company") today announces that following a semi-annual review of its credit facilities and in light of current market conditions, its borrowing base has been adjusted by approximately 10% from $425 million to $380 million, comprised of a $330 million syndicated revolving credit facility, and a $50 million non-syndicated revolving credit facility. The revolving period on the facilities expires on [Read more]

Marquee Energy Ltd. Announces the Closing of the Sale of Non-Core Shallow Gas Asset

CALGARY, AB--(Marketwired - May 31, 2016) - Marquee Energy Ltd. ("Marquee" or the "Company") (TSX VENTURE: MQL) is pleased to announce that it has completed the previously announced disposition of its non-core, shallow gas asset for total cash consideration of $5.57 million, net of initial closing adjustments (the "Transaction"). The asset includes approximately 500 gross / 396 net wells, average production of approximately 5,700 mcf/d in Q1 2016, and low pressure gas gathering and processing [Read more]

Marksmen Announces Final Closing of Private Placement

CALGARY, ALBERTA--(Marketwired - May 31, 2016) - Marksmen Energy Inc. (TSX VENTURE:MAH)(OTCQB:MKSEF) ("Marksmen" or the "Company") is pleased to announce that it has completed the third and final closing of its previously announced non-brokered private placement for 1,060,000 common shares (the "Common Shares") of Marksmen at a price of $0.05 per share for aggregate gross proceeds of $53,000 (the "Private Placement"), bringing the total raised to date to $680,364. Marksmen did not pay any [Read more]