BOE Report

Raging River Exploration Inc. Announces Increase to Bought Deal Equity Financing to $95.2 Million

CALGARY, ALBERTA--(Marketwired - Feb. 17, 2016) - Raging River Exploration Inc. ("Raging River" or the "Company") (TSX:RRX) is pleased to announce that in connection with its previously announced bought-deal financing, Raging River and the syndicate of underwriters led by FirstEnergy Capital Corp. have agreed to increase the size of the financing. Raging River will now issue 11,000,000 common shares ("Common Shares") at a price of $8.65 per Common Share for gross proceeds of $95,150,000 (the [Read more]

Raging River Exploration Inc. Announces $86.5 Million Bought Deal Financing and Operations Update

CALGARY, ALBERTA--(Marketwired - Feb. 17, 2016) - Raging River Exploration Inc. ("Raging River" or the "Company") (TSX:RRX) is pleased to announce that it has entered into a bought deal financing agreement with a syndicate of underwriters led by FirstEnergy Capital Corp. Raging River will issue 10,000,000 common shares ("Common Shares") at a price of $8.65 per Common Share for gross proceeds of $86.5 million (the "Offering"). The underwriters will have an option to purchase up to an additional [Read more]

QS Energy and Temple University ‘Pipeline Optimization’ Program Offers Opex Savings Analysis Based on Newly Improved AOT(TM) Viscosity Reduction Hardware

SANTA BARBARA, CA--(Marketwired - February 17, 2016) -  QS Energy, Inc. (the "Company") (OTCQX: QSEP), a developer of integrated technology solutions for the energy industry, today announced that its jointly managed laboratory testing of crude oil samples to measure viscosity reduction now incorporates calculations based on the recently value engineered next generation AOT™ (Applied Oil Technology), an industrial hardware system that treats unrefined oil with an electrical field to improve flow [Read more]

Venoco Elects Not to Make Interest Payment as It Discusses Possible Debt Restructuring With Secured Lenders

DENVER, CO--(Marketwired - February 17, 2016) - Venoco, Inc. today announced that it has chosen not to make the $13.7 million semi-annual interest payment due February 16, 2016 on its 8.875% senior unsecured notes as the company considers its options to reduce debt and strengthen the company's financial position. Missing the February 16 interest payment does not cause an event of default or give noteholders any right to accelerate the due date for the notes or to exercise remedies against the [Read more]

Long Run Exploration Ltd. Announces Second Independent Proxy Firm Recommends Shareholders Vote in Favor of Arrangement

CALGARY, ALBERTA--(Marketwired - Feb. 16, 2016) - Long Run Exploration Ltd. ("Long Run" or the "Company") (TSX:LRE) is pleased to announce that Institutional Shareholder Services Inc. ("ISS") has recommended that Long Run shareholders vote in favor of the arrangement involving Long Run, Long Run securityholders and Calgary Sinoenergy Investment Corp. (the "Arrangement"). ISS is a leading independent provider of corporate governance and proxy voting analysis, whose recommendations are relied on [Read more]

Manitok Energy Inc. Announces Closing of the Final Tranche of Its Private Placement and Raising a Combined Gross Proceeds of $10.6 Million

CALGARY, ALBERTA--(Marketwired - Feb. 16, 2016) - Manitok Energy Inc. ("Manitok" or the "Corporation") (TSX VENTURE:MEI) is pleased to announce that on February 16, 2016, Manitok has closed the final tranche of its previously announced concurrent brokered and non-brokered private placement offering of common shares (the "Common Shares") in the capital of Manitok issued at a price of $0.13 per Common Share and Common Shares ("Flow-through Shares" and together with the Common Shares, the [Read more]

PrairieSky Royalty Declares February Dividend

CALGARY, ALBERTA--(Marketwired - Feb. 16, 2016) - PrairieSky Royalty Ltd. ("PrairieSky") (TSX:PSK) announced today that its Board of Directors has declared a dividend of CDN $0.10833 per common share to be paid on March 15, 2016 to shareholders of record on February 29, 2016. The Board of Directors has declared the dividend payable in either cash or common shares at the election of the shareholder. This dividend is designated as an "eligible dividend" for Canadian income tax purposes. [Read more]

Enbridge Energy Partners, L.P. Reports Earnings for 2015 and Announces 2016 Financial Guidance

HOUSTON, TX--(Marketwired - Feb 16, 2016) -  Enbridge Energy Partners, L.P. (NYSE: EEP) 2015 HIGHLIGHTS Record liquids pipeline system deliveries of 2.88 million barrels per day in 2015; 9.5 percent increase over 2014. Placed $1.6 billion of liquids pipeline organic growth projects into service. Closed $1 billion drop-down acquisition from our general partner. Achieved top-end of full year 2015 adjusted EBITDA and [Read more]

Midcoast Energy Partners, L.P. Reports 2015 Earnings and Announces 2016 Financial Guidance

HOUSTON, TX--(Marketwired - Feb 16, 2016) - Midcoast Energy Partners, L.P. (NYSE: MEP) 2015 HIGHLIGHTS Exceeded the top-end of previously communicated full year 2015 adjusted EBITDA and distributable cash flow guidance.  Full-year 2015 adjusted EBITDA and distributable cash flow of $104.1 and $73.4 million, respectively; distribution coverage of 1.12x. Achieved over $70 million of annual operating & [Read more]

Canada’s Oil Sands Workforce Requirements Impacted by Shift From Expansion to Maintaining Operations

CALGARY, ALBERTA--(Marketwired - Feb. 16, 2016) - A shift in Canada's oil sands sector from growth and expansion to improving the reliability and performance of existing operations will have long-term impacts on the sector's workforce requirements. By 2020, the sector will experience a decrease in demand for about 10,305 on-site construction workers but generate 5,170 operations and 4,700 ongoing maintenance jobs, according to PetroLMI's latest labour demand outlook report. The report, Oil [Read more]