CALGARY, Sept. 9, 2014 /CNW/ - Teine Energy Ltd. ("Teine") priced its previously announced private offering of US$350 million in aggregate principal amount of senior unsecured notes due in 2022 (the "Notes Offering"). The senior unsecured notes will bear interest at 6.875% per annum. Teine intends to use the net proceeds of the Notes Offering to repay all outstanding indebtedness under, and retire, its second lien term loan facility (including a 1% prepayment premium), to repay outstanding [Read more]
News
B.C. city asks court to block Kinder Morgan pipeline work
VANCOUVER - A suburban city near Vancouver has filed a civil lawsuit targeting Kinder Morgan's controversial Trans Mountain pipeline, alleging the company caused "irreparable harm" to a sensitive conservation area when workers cut down trees along the route of a proposed expansion.The City of Burnaby filed a notice with B.C. Supreme Court asking for an injunction to prevent Kinder Morgan from felling trees on Burnaby Mountain, as well as a judgment overturning a National Energy Board ruling that [Read more]
Lifting ban on crude exports would lower US gasoline prices, help economy, study predicts
NEW YORK - Exporting more U.S. oil around the world would lower the price of gasoline for U.S. drivers and benefit the nation's economy, according to a new study.While the conclusion may be counter-intuitive, the reasoning is straightforward: It would encourage more U.S. oil production and put that crude on the global market. That would lower the global price of oil, which is linked closely to the price of gasoline in the U.S.Previous studies have reached similar conclusions. The latest study, [Read more]
Pilot Energy Corp. Announces Asset Acquisitions and 2014 financing program
Pilot Energy Corp. is pleased to announce an update to the previously announced Swift Current asset acquisition (June 2, 2014) and the recently executed exclusive option (July 9, 2014) to purchase proven shut-in gas assets in North-western Alberta. In conjunction with the subject asset purchases/options and further development thereof, Pilot is currently seeking up to $20 MM of capital financing. Swift Current Pilot Energy Corp. has duly executed an offer to purchase* (the "OTP" or letter [Read more]
Petrus Resources Announces Acquisition of Arriva Energy, Additional Asset Acquisition in Ferrier Core Area and Increase to Equity Offering
CALGARY, ALBERTA--(Marketwired - Sept. 9, 2014) - Petrus Resources Ltd. ("Petrus" or the "Company") is pleased to announce that it has closed the previously announced take-over of Arriva Energy Inc. ("Arriva"), completed an asset acquisition in the Ferrier area to expand the Company's land position and is increasing the size of its previously announced private placement to up to $155 million. Arriva Acquisition Petrus is pleased to announce that 99.4% of the issued and outstanding common [Read more]
Jupiter Resources Inc. Announces Proposed Private Offering of US$1.125 Billion Senior Notes Due 2022 and New Reserve-Based Revolving Credit Facility
CALGARY, Alberta--(BUSINESS WIRE)--Jupiter Resources Inc. (“Jupiter”) announced today that it intends, subject to market and other conditions, to offer US$1,125,000,000 aggregate principal amount of its Senior Notes due 2022 (the “Notes”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act. Jupiter expects to use the net proceeds from [Read more]
Leucrotta Exploration Inc. Reports on the Exercise of Arrangement Warrants
CALGARY, ALBERTA--(Marketwired - Sept. 9, 2014) - Leucrotta Exploration Inc. ("Leucrotta") (TSX VENTURE:LXE) is pleased to announce that an aggregate of 20,759,659 of the warrants of Leucrotta (the "Arrangement Warrants") issued pursuant to a plan of arrangement under the Business Corporations Act (Alberta) involving Leucrotta, Crocotta Energy Inc. ("Crocotta") and Long Run Exploration Ltd., representing approximately 98.28% of the total number of Arrangement Warrants issued to the former [Read more]
Hemisphere Energy Appoints Chief Operating Officer and Vice President of Engineering
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 9, 2014) - Hemisphere Energy Corporation (TSX VENTURE:HME) ("Hemisphere" or the "Company") is pleased to announce the promotion of Mr. Ian Duncan to Chief Operating Officer and the appointment of Ms. Ashley Ramsden-Wood to Vice President of Engineering, effective immediately. Mr. Duncan has served as Hemisphere's Vice President of Engineering since May 2011 and has been instrumental in the successful development of the Company's operations. He [Read more]
Paris Energy Inc. Announces Name Change to Mapan Energy, Change of Trading Symbol to “MPG”, Share Consolidation, Corporate Budget, Launch of Website & Release of Corporate Presentation
CALGARY, ALBERTA--(Marketwired - Sept. 9, 2014) - Paris Energy Inc. (TSX VENTURE:PI) ("Paris"") is pleased to announce it has obtained shareholder approval for a name change to Mapan Energy Ltd. ("Mapan" or the "Corporation") as well as a share consolidation of its common shares on a 1 for 12 basis. Post- consolidation, Mapan has 71.4 million shares outstanding. It is anticipated that Mapan will commence trading on a consolidated basis under its new name at the opening of trading on September [Read more]
Artek Exploration Ltd. Provides Operations Update
CALGARY, ALBERTA--(Marketwired - Sept. 9, 2014) - Artek Exploration Ltd. (TSX:RTK) - Artek Exploration Ltd. ("Artek" or the "Company") is pleased to provide the following operational update. The Company has conducted its second Montney well completion of the year in the Inga/Fireweed area. At the well location a-65-I/94-A-12, the Company completed the Upper Montney formation using a 33 stage slickwater frac program. Over the last 48 hours of a 6.5 day cleanup test period, the well was flowing [Read more]