CALGARY, ALBERTA--(Marketwired - Dec. 12, 2014) - Trilogy Energy Corp. ("Trilogy") (TSX:TET) announces today that, further to its December 8th, 2014 news release, it has made the necessary filings, and received the necessary approvals, to make a normal course issuer bid through the facilities of the Toronto Stock Exchange ("TSX"). Trilogy may purchase up to 6,490,470 of its common shares ("Common Shares"), representing approximately 10% of the 64,904,707 public float outstanding as at December [Read more]
News
Toro Announces Expiry of Rights Offering and Final Share Consolidation Ratio
CALGARY, ALBERTA--(Marketwired - Dec. 12, 2014) - Toro Oil & Gas Ltd. (the "Company" or "Toro") announces that its previously disclosed rights offering expired on Monday, December 8, 2014. Shareholders were entitled to one right per common share with six rights exchangeable into one Toro common share at an exercise price of $0.03375 per share. Subscribers to Toro's $25 million recapitalization financing were prohibited from participating in the rights offering. 81.68% of total possible [Read more]
Keyera to Acquire Majority Ownership Interest in Ricinus Gas Plant
CALGARY, Dec. 12, 2014 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today that it has reached an agreement to acquire a 70.79% ownership interest in the Ricinus deep-cut gas plant in west central Alberta (the "Ricinus Plant") for $65 million. The acquisition is subject to closing conditions including but not limited to the waiver or expiration of rights of first refusal held by the other owners of the Ricinus Plant. The Ricinus Plant, which is located 22 kilometres south of Keyera's [Read more]
Ivanhoe Energy provides update on the status of ongoing strategic and financial initiatives to obtain additional financing
Company does not expect to make the cash interest payment due December 31 on convertible debentures VANCOUVER, Dec. 12, 2014 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) (TSX: IE.DB) announced today that the company's Board of Directors has been engaged in a process with its financial advisors to devise and implement a strategy to address Ivanhoe's liquidity, funding requirements and capital structure. Strategic and financial alternatives under consideration are focused on relieving [Read more]
Husky Energy Begins Steam Operations at Sunrise Energy Project
CALGARY, ALBERTA--(Marketwired - Dec. 11, 2014) - Husky Energy (TSX:HSE) has commenced steam operations at the in situ Sunrise Energy Project in northeast Alberta. "The production of steam is the last major milestone before first oil," said CEO Asim Ghosh. "As a longer-life project, Sunrise will deliver steady production and cash flow to support our expansive portfolio of projects." The Phase 1 60,000 barrels per day (bbls/day, gross) project is being developed with two processing plants. [Read more]
Yoho Resources Inc. Announces Year End Financial Results, Corporate Reserves and Duvernay Contingent Resource Assessments as at September 30, 2014
CALGARY, ALBERTA--(Marketwired - Dec. 11, 2014) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) has filed today on SEDAR the financial statements for the year ended September 30, 2014 and the related managements' discussion and analysis ("MD&A"). Yoho today also filed its Annual Information Form for the year ended September 30, 2014 which includes the Company's reserves data and other oil and gas information for the year ended September 30, 2014 as mandated by National [Read more]
RMP Energy Announces 2015 Capital Budget and Market Guidance
CALGARY, ALBERTA--(Marketwired - Dec. 11, 2014) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to announce its 2015 Capital Budget and provide fiscal 2015 financial and operating market guidance. 2015 Capital Budget The Company's Board of Directors has approved a "cash flow-based" exploration and development expenditures program of $150 million for 2015 (the "2015 Capital Budget"). The 2015 Capital Budget is to be funded by internally-generated funds from operations, which [Read more]
A late session dip pushes oil below $60 for the first time since July 2009
The price of oil fell below $60 for the first time since July 2009 on Thursday and ended trading in New York at $59.95.Benchmark U.S. crude oil dropped 99 cents, or 1.6 per cent. Oil has fallen steadily for nearly six months, and is down 44 per cent since reaching a high for the year of $107.26 in late June."We don't see a price bottom," wrote energy analyst Jim Ritterbusch in a note to investors. He expects oil to fall further, toward $55 a barrel, in the short term.The drop is a result of [Read more]
Oil price plunge won’t affect long-term plans in Newfoundland offshore: industry
ST. JOHN'S, N.L. - The oil price plunge may be draining Newfoundland and Labrador's treasury but industry watchers say such volatility has little impact on long-term offshore development plans.They say those projects are mapped out over decades and not shaped by cyclical ups and downs, however startling."The degree of fluctuation can be scary to a lot of people," said Robert Cadigan, president and CEO of the Newfoundland and Labrador Oil and Gas Industries Association."We've seen very dramatic [Read more]
Quattro Closes Flow Through Private Placement
CALGARY, Alberta, Dec. 11, 2014 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to report that it has completed a non-brokered private placement (the "Private Placement") in the aggregate amount of $1,008,000 consisting of the issuance of 2,400,000 common shares, on a "flow-through" basis, to Canadian institutional subscribers at a price of $0.42 per common share. Such shares are subject to a four month hold period that expires on [Read more]