CALGARY, AB--(Marketwired - October 22, 2015) - Steelhead Petroleum Ltd. (“Steelhead” or the “Company”) is pleased to announce the closing of its initial financing by ARC Financial Corp. (“ARC”).Steelhead plans to pursue conventional assets with large original oil in place and low declines that can be optimized through the application of best in class full cycle field development. The assets will also be suitable for recompletions, infill drilling, water flooding and potential enhanced oil [Read more]
Sunshine Oilsands Ltd.: Resignation of a Non-Executive Director; Appointment of a Non-Executive Director
HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Oct. 21, 2015) - Sunshine Oilsands Ltd. (a corporation incorporated under the Business Corporations Act of the Province of Alberta, Canada with limited liability) (HKEX:2012) Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX:2012) wishes to announce that the Board has accepted the resignation of Mr. Haotian Li as a non-executive, representative director of the Corporation effective immediately. Mr. Li has confirmed that he has [Read more]
Veresen Announces Common Share Dividend for October 2015 and Provides Conference Call and Webcast Details for its Third Quarter 2015 Results
CALGARY, ALBERTA--(Marketwired - Oct. 21, 2015) - Veresen Inc. ("Veresen") (TSX:VSN) today announced that its Board of Directors has declared a cash dividend for October 2015 of $0.0833 per common share. The dividend will be paid on November 23, 2015 to shareholders of record at the close of business on October 30, 2015. 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 [Read more]
Groundstar Resources Limited Provides Corporate Update
CALGARY, ALBERTA--(Marketwired - Oct. 21, 2015) - NOT FOR DISTRIBUTION TO THE U.S.A. NEWS WIRE SERVICES OR FOR DISSEMINATION TO THE U.S.A. Groundstar Resources Limited ("Groundstar" or the "Company") (TSX VENTURE:GSA) announces that it most recent well at 2-13-45-26 W3 in the Neilburg of Saskatchewan did not discover commercially producible quantities of hydrocarbons and as a result, the Company will be abandoning this well. The well was targeting the Colony formation and was [Read more]
MEG Energy to release third quarter financial results
CALGARY, AB--(Marketwired - October 21, 2015) - MEG Energy Corp. (TSX: MEG) announces that it intends to release its financial results for the third quarter ended September 30, 2015 on Wednesday, October 28, 2015.A conference call will be held to review the financial results at 7:30 a.m. Mountain Time (9:30 a.m. Eastern Time) on Wednesday, October 28, 2015. The U.S./Canada toll-free conference call number is 1 800-396-7098. The international/local conference call number is 416-340-8527. A [Read more]
Eagle Energy Trust to Announce Third Quarter 2015 Results
CALGARY, ALBERTA--(Marketwired - Oct. 21, 2015) - Eagle Energy Trust (TSX:EGL.UN) (the "Trust" or "Eagle") plans to release its financial and operating results for the third quarter of 2015 after the market closes on Thursday, November 5, 2015. Eagle will host a conference call and webcast the following morning on Friday, November 6, 2015 at 8:30 a.m. MST (10:30 a.m. EST) to discuss the results. To participate in the conference call, dial 647-252-4453 or toll free 877-255-3077 [Read more]
Touchstone Announces Agreement to Acquire Strategic Onshore Trinidad Producing Assets
CALGARY, ALBERTA--(Marketwired - Oct. 21, 2015) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX:TXP) announces that it has entered into an agreement to purchase certain onshore producing assets from Trinity Exploration and Production Plc ("Trinity") for cash consideration of US$20.8 million prior to adjustments (the "Acquisition"). The Acquisition is consistent with Touchstone's strategy of acquiring operated low decline oil production with large volumes of original oil in [Read more]
Kinder Morgan Takes 15 Terminals Off BP’s Hands in $350 Million Joint-Venture Deal, an Industrial Info News Alert
SUGAR LAND, TX--(Marketwired - Oct 21, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- BP plc (NYSE:BP) (London, England) has agreed to form a limited liability company with Kinder Morgan Incorporated (NYSE:KMI) (Houston, Texas) that will acquire 15 of BP's refined products terminals in the U.S., with related infrastructure, for about $350 million. Kinder Morgan will operate 14 of the terminals as part of the joint venture, and fully own the 15th. Industrial Info is [Read more]
Paragon Financial Sees Oil and Gas Industry Suppliers Moving to Non-Recourse AR Financing
MIAMI, FL--(Marketwired - October 21, 2015) - In the 3rd quarter of 2015, Paragon Financial has experienced a sharp increase in funding deals in the oil and gas industry. Rising debt payments and shrinking revenues are putting oil and gas companies in a difficult cash flow situation. As a result, their suppliers are feeling the pinch with payments taking longer than in the past. The oil and gas suppliers are opting for non-recourse factoring of their accounts receivable in order to keep their [Read more]
Husky Energy to Announce 2015 Third Quarter Results
CALGARY, AB--(Marketwired - October 20, 2015) - Husky Energy (TSX: HSE) will release its third quarter 2015 financial results before markets open on Friday, October 30, 2015. A conference call will be held the same day beginning at 9 a.m. Mountain Time (11 a.m. Eastern Time).CEO Asim Ghosh, COO Rob Peabody, CFO Jon McKenzie and Downstream Senior VP Bob Baird will participate in the call.Conference Call Details: Date: Friday, October 30, 2015Time: 9 a.m. Mountain Time (11 a.m. Eastern Time)To [Read more]
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