BOE Report

Arsenal Energy Inc. Announces Closing of Bought Deal Financing Including Exercise of Over-Allotment Option

CALGARY, ALBERTA--(Marketwired - Dec. 8, 2014) - Arsenal Energy Inc. ("Arsenal" or the "Company") (TSX:AEI) announces it has closed its previously announced bought deal financing of 912,950 common shares on a "flow-through share" basis at a price of $9.95 per flow-through share ("Flow-Through Share"), which includes the exercise under the over-allotment option of 113,050 Flow-Through Shares, for aggregate gross proceeds of $9,083,852.50 (the "Financing"). The Financing was led by Paradigm [Read more]

Primeline Drawdowns Loan and Repays CNOOC

HONG KONG, CHINA--(Marketwired - Dec. 8, 2014) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Primeline Energy Holdings Inc. ("Primeline" or the "Company") (TSX VENTURE:PEH) announces that it has made its first drawdown under the syndicated loan facility announced on November 17, and repaid CNOOC Primeline's share of the costs to complete the LS36-1 gas field development ("Development"). Primeline and its [Read more]

Arsenal Energy Inc. Announces Closing of Bought Deal Financing Including Exercise of Over-Allotment Option

CALGARY, ALBERTA--(Marketwired - Dec. 8, 2014) - Arsenal Energy Inc. ("Arsenal" or the "Company") (TSX:AEI) announces it has closed its previously announced bought deal financing of 912,950 common shares on a "flow-through share" basis at a price of $9.95 per flow-through share ("Flow-Through Share"), which includes the exercise under the over-allotment option of 113,050 Flow-Through Shares, for aggregate gross proceeds of $9,083,852.50 (the "Financing"). The Financing was led by Paradigm [Read more]

BC First Nation Chiefs to Alberta Premier Jim Prentice: “We’ll do what needs to be done to make sure Northern Gateway is never built.”

VANDERHOOF, BRITISH COLUMBIA/YINKA DENE TERRITORIES--(Marketwired - Dec. 8, 2014) - On the fourth anniversary of the Save the Fraser Declaration, an Indigenous law supported by more than 100 First Nations to ban tar sands pipelines and tankers from their territories, the Yinka Dene Alliance (YDA) is sending Alberta Premier Jim Prentice a map and timeline of opposition to the Enbridge Northern Gateway project, to make sure his government fully understands the opposition the project faces. [Read more]

Trilogy Energy Corp. Announces Intention to Implement a Normal Course Issuer Bid, Announces Discontinuance of Dividend and Provides 2015 Guidance

CALGARY, ALBERTA--(Marketwired - Dec. 8, 2014) - Normal Course Issuer Bid Trilogy Energy Corp. ("Trilogy") (TSX:TET) announced today that it intends to implement a normal course issuer bid ("NCIB") through the facilities of the Toronto Stock Exchange ("TSX") pursuant to which Trilogy would be able to purchase up to approximately 6,490,470 of its 105,150,110 common shares ("Common Shares") outstanding for a one year period at prevailing market prices on the TSX. The NCIB is subject to the [Read more]

Relentless Resources Announces Non-Brokered Private Placement

CALGARY, ALBERTA--(Marketwired - Dec. 8, 2014) - Relentless Resources Ltd. (TSX VENTURE: RRL) ("Relentless" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement for up to $2.0 million comprised of up to 4,444,445 common shares of the Company ("Common Shares") at a price of $0.225 per Common Share and up to 3,703,704 Common Shares to be issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) (the "Tax Act") ("Flow-Through Shares") [Read more]

Veresen Announces 2015 Guidance and Common Share Dividend for December 2014

CALGARY, ALBERTA--(Marketwired - Dec. 8, 2014) - Veresen Inc. ("Veresen" or "the Company") (TSX:VSN) today announced guidance for 2015 and declared a cash dividend for December 2014. 2015 Guidance Veresen is forecasting distributable cash in the range of $0.93 to $1.20 per Common Share for 2015. Based on an annualized dividend of $1.00 per Common Share for 2015, the corresponding payout ratio will range between 83 percent and 108 percent. "Our 2015 guidance range [Read more]

Canadian Oil Sands Limited Reduces Capital Spending Plans for 2015 as Syncrude Projects Wind Down, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Dec 8, 2014) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Canadian Oil Sands Limited (TSX:COS) (Calgary, Alberta) recently lowered its capital expenditures (capex) outlook for 2015, as it announced that major capital projects, particularly for oilsands miner Syncrude Canada, are coming to a close. The $564 million in expected capex for 2015 is about 40% lower than the 2014 budget. Industrial Info is tracking more than $13 billion in active [Read more]

Strata-X Energy Ltd.: Illinois Basin Shallow Well Program Update

DENVER, COLORADO and BRISBANE, QUEENSLAND and VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 7, 2014) - Drilling rig for Blue Spruce #1 well to be deployed in mid December. 3,800ft well expected to cost ~USD$300,000, completed and equipped for production. Finding and development costs of less than $8/barrel.(1) Netback of $44 per barrel at current crude oil prices.(1) Strata-X first company to be approved by State [Read more]

Enbridge Announces Adoption of Advance Notice Bylaw

CALGARY, ALBERTA--(Marketwired - Dec. 5, 2014) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) (Enbridge or the Company) today announced the adoption by its Board of Directors of Bylaw No. 2 of the Company (the Advance Notice Bylaw), a bylaw establishing a framework for advance notice of nominations of directors by shareholders of the Company (Shareholders). The Advance Notice Bylaw is similar to the advance notice bylaws adopted by many other Canadian public companies. Specifically, it provides [Read more]