BOE Report

Peyto Exploration & Development Corp. Announces $150 Million Equity Offering

CALGARY, ALBERTA--(Marketwired - April 28, 2016) - Peyto Exploration & Development Corp. ("Peyto" or the "Company") (TSX:PEY) has today entered into an agreement with a syndicate of underwriters co-led by BMO Capital Markets and First Energy Capital Corp., under which the underwriters have agreed to buy 4,687,500 common shares of the Company ("Common Shares") and sell to the public at a price of $32.00 per Common Share, representing an aggregate amount of $150,000,000. The Company has [Read more]

Ikkuma Resources Corp. Announces Increase to Bought Deal Private Placement of Flow-Through Shares from $7.0 Million to $10 Million

CALGARY, ALBERTA--(Marketwired - April 28, 2016) - Ikkuma Resources Corp. ("Ikkuma" or the "Company") (TSX VENTURE:IKM) is pleased to announce that it has increased its previously announced bought deal financing with a syndicate of underwriters led by Desjardins Capital Markets (the "Underwriters"), whereby the Corporation will now issue 14,085,000 flow-through common shares of the Company (the "Flow-Through Shares") for re-sale at a price of $0.71 per Flow-Through Share for gross proceeds of [Read more]

Perpetual Successfully Swaps $150 Million of 8.75% Senior Notes for Tourmaline Oil Corp. Shares, Proposes A New Minimum Swap Amount of $175 Million and Maximum Swap Amount of Up to $235 Million

CALGARY, ALBERTA--(Marketwired - April 28, 2016) - Perpetual Energy Inc. ("Perpetual" or the "Corporation") (TSX:PMT) is pleased to announce that it has swapped $150 million aggregate principal amount of senior notes pursuant to the previously announced securities swap proposal whereby Perpetual offered to swap a portion of the Tourmaline Oil Corp. shares (the "Tourmaline Shares") owned by Perpetual (the "Securities Swap Proposal") on the basis of 21 Tourmaline Shares for each $1,000 principal [Read more]

Granite Oil Corp. Provides Operational Update

CALGARY, ALBERTA--(Marketwired - April 28, 2016) - GRANITE OIL CORP. ("Granite" or the "Company") (TSX:GXO)(OTCQX:GXOCF) is pleased to provide an operational update including advancement of its Gas Injection Enhanced Oil Recovery (EOR) Scheme and improving capital efficiencies. Granite has achieved a 100% voidage replacement ratio (VRR) in the core of its 100%-owned Alberta Bakken oil pool ahead of schedule, reaching a significant milestone in the long-term development of the Company's gas [Read more]

MEG Energy reports strong production and low costs, providing a solid foundation during the current low price environment

CALGARY, AB --(Marketwired - April 28, 2016) - MEG Energy Corp. today reported first quarter 2016 operating and financial results. Highlights include: Quarterly production of 76,640 barrels per day (bpd), which includes the impact of planned turnaround work; Net operating costs of $8.53 per barrel, a decrease of 19% from the first quarter of 2015 and in line with record-low costs of $8.52 per barrel in the fourth quarter of 2015; Cash flow used in operations of $0.58 per share, [Read more]

Suncor Energy reports first quarter 2016 results

CALGARY, ALBERTA--(Marketwired - April 27, 2016) - "Suncor's ability to generate cash flow from operations, combined with the strength of our balance sheet, allowed us to maintain our dividend and continue investing in long-term profitable growth projects, even in the poor price environment we saw in the first quarter," said Steve Williams, president and chief executive officer. "We continue to capitalize on opportunities, such as increasing our investment in the Syncrude asset, to generate [Read more]

Suncor Energy to acquire additional interest in Syncrude

CALGARY, ALBERTA--(Marketwired - April 27, 2016) - Suncor today announced that it has agreed to acquire a further position in Syncrude, purchasing the five per cent interest from Murphy Oil Corporation's Canadian subsidiary at a purchase price of approximately $937 million, subject to closing adjustments. The transaction will be effective as of April 1, 2016. "We're pleased to acquire this additional interest in the Syncrude joint venture," said Steve Williams, president and chief [Read more]

Sunshine Oilsands Announcement of Partial Closing of Private Placement of 88,234,000 Common Shares Under General Mandate

HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - April 27, 2016) - The Board of Directors of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKSE:2012) wishes to announce the following: Partial Closing of Private Placement under General Mandate Reference is made to the announcement of the Corporation dated March 16, 2016 (Hong Kong Time) / March 15, 2016 (Calgary Time) (the "Announcement") in relation to the proposed issue of a total of 558,823,500 new Class "A" Common [Read more]

PrairieSky Announces Results on the Election of Directors

CALGARY, ALBERTA--(Marketwired - April 27, 2016) - PrairieSky Royalty Ltd. (the "Company") (TSX:PSK) is pleased to announce that the five (5) nominees were appointed as directors of the Company to serve until the next annual meeting of shareholders of the Company, or until their successors are elected or appointed, at the annual meeting of the shareholders of the Company held on April 27, 2016 (the "Meeting") in Calgary, Alberta. The vote was passed by way of ballot and each of the directors [Read more]

PrairieSky Receives TSX Approval for Normal Course Issuer Bid

CALGARY, ALBERTA--(Marketwired - April 27, 2016) - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX:PSK) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted the notice of PrairieSky's intention to commence a normal course issuer bid (the "NCIB"). On April 26, 2016, PrairieSky announced its intention to seek TSX approval for a NCIB. The NCIB allows the Company to purchase up to 1,600,000 common shares (representing approximately 1% of the public float of [Read more]