CALGARY, AB--(Marketwired - June 02, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that in connection with its previously announced bought-deal financing, Tourmaline and the syndicate of underwriters led by led by Peters & Co. Limited and including FirstEnergy Capital Corp., Scotia Capital Inc., CIBC, National Bank Financial Inc., TD Securities Inc., RBC Capital Markets, and Raymond James Ltd. have agreed to increase the size of the financing. [Read more]
News
Manitok Energy Inc. Announces Financial Results for the First Quarter of 2015 and Update on Its Proposed Acquisition
CALGARY, ALBERTA--(Marketwired - June 1, 2015) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) announces its financial and operating results for the first quarter of 2015. The full text of Manitok's first quarter report containing its unaudited condensed interim financial statements as at and for the three months ended March 31, 2015 and the related management's discussion and analysis are available electronically on Manitok's profile on the System for Electronic [Read more]
Quattro Releases 1st Quarter Financials Reporting Net Earnings of $0.01 Per Share
CALGARY, Alberta, June 1, 2015 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to announce the filing of its first quarter 2015 financial statements, reporting CDN $0.01 per share earnings. The Company has reported the following results for the 3 months ending March 31st, 2015: • Revenues $ 3,447,358 • Net income from operations, $14.79 per boe "Net Back" $ 1,876,572 • Net earnings, after tax of $0.01 per [Read more]
Dejour Issues NE BC Operational Update
VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT:DEJ) (TSX:DEJ) (“Dejour” or the “Company”), an independent oil and gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, today announced an operational update for its project in NW Alberta. Woodrush Project-Oil As previously reported, Dejour tied into production the B-100 Halfway oil step out well and the A-100 Gething gas well from the recently completed [Read more]
Canada crude oil production estimated at lowest in almost two years: report
CALGARY - A report by Barclays says Canada's crude oil production last month is estimated to be the lowest it has been in almost two years.While companies have yet to release production numbers, the British bank says wildfires and upgrader maintenance in Alberta are expected to have cut average national production to 3.98 million barrels of oil a day in May after peaking at an average of 4.59 million barrels a day in January."We expect Canadian crude production in May to be the lowest in nearly [Read more]
Tourmaline Oil Corp. Enters Into Bought Deal Financing
CALGARY, AB--(Marketwired - June 01, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that it has entered into a bought-deal financing with a syndicate of underwriters led by Peters & Co. Limited and including FirstEnergy Capital Corp., Scotia Capital Inc., CIBC, National Bank Financial Inc., TD Securities Inc., RBC Capital Markets, and Raymond James Ltd. Tourmaline will issue 3,700,000 common shares ("Common Shares") at a price of $39.50 per [Read more]
ORLEN Upstream Canada Ltd. Announces the Appointment of a New President
CALGARY, ALBERTA--(Marketwired - June 1, 2015) - ORLEN Upstream Canada Ltd. ("ORLEN Upstream Canada" or the "Company") announces the appointment of Matthew J. Rees as President of the Company effective June 1, 2015. The Board of Directors and Management of ORLEN Upstream Canada wish to thank Mr. Andrew Z. Wiacek for his contribution to the development of the Company. Mr. Rees is a Professional Engineer with extensive experience in Western Canadian and International onshore & offshore [Read more]
Western premiers talking diversification in light of low oil prices
REGINA - Canada's western premiers discussed ways to diversify their economies in light of plunging oil prices during a teleconference call Monday.Saskatchewan Premier Brad Wall was host on the call that was a substitute for the annual western premiers meeting to save time and money.Both he and British Columbia Premier Christy Clark noted that their provinces are heavily reliant on resource revenue, but have had to find other ways to bring in cash with the downturn in energy prices."We're [Read more]
Long Run Exploration Ltd. Announces Amendments to Bank Credit Facilities
CALGARY, ALBERTA--(Marketwired - June 1, 2015) - Long Run Exploration Ltd. ("Long Run" or the "Company") (TSX:LRE) announces amendments to our bank credit facilities. Long Run has completed the semi-annual review of our credit facilities with our bank syndicate and maintained our total credit facilities at $695 million. The credit facilities consist of a $410 million revolving syndicated facility, a $40 million operating facility and a $245 million non-revolving syndicated facility. The [Read more]
TransCanada reaches deals with 3 more B.C. First Nations for pipeline project
PRINCE RUPERT, B.C. - TransCanada Corp. says it has reached project agreements with three more First Nations in northern British Columbia as part of efforts to build a pipeline across the province to a proposed liquefied natural gas terminal on the coast.Specifics of the agreements weren't announced but TransCanada said they provide for annual legacy payments over the commercial life of the Prince Rupert Gas Transmission pipeline plus benefits upon signing and at other milestones.The latest [Read more]