CALGARY, ALBERTA--(Marketwired - Oct. 24, 2013) - NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to announce that it has entered into an equity financing agreement on a "bought deal" basis (the "Equity Financing"). Pursuant to the terms of the Equity Financing, RMP will issue, on an underwritten basis, approximately 8.2 million common shares at a price of $6.10 per [Read more]
News
Steady Progress for Husky Energy in Third Quarter
CALGARY, ALBERTA--(Marketwired - Oct. 24, 2013) - Husky Energy (TSX:HSE) continued to drive forward its growth plans in the third quarter as it announced a significant oil discovery offshore Newfoundland and Labrador and advanced the landmark Liwan Gas Project in the Asia Pacific Region closer to first production. "Our business continues to deliver consistent results across the board," said CEO Asim Ghosh. "We are hitting our targets and making steady progress towards executing our [Read more]
Delphi Reports Continued Drilling Success
CALGARY, ALBERTA--(Marketwired - Oct. 23, 2013) - Delphi Energy Corp. (TSX:DEE) ("Delphi" or the "Company") is pleased to provide the following operations update on its Montney capital program. The Company's recently completed 15-24-60-23W5M Montney well was drilled during the third quarter of 2013 to a total depth of 5,211 metres with a horizontal lateral length of 2,328 metres and stimulated with a 30 stage slickwater hybrid completion. The well was produced on clean-up over a six day [Read more]
Canadian energy ads fail to impress in United States
OTTAWA - Efforts by the government to sell Americans on the virtues of Canadian natural resources have failed to impress those south of the border, according to a new report, and have even left them puzzled over assertions that Canada is America's best friend.A government-commissioned Harris-Decima report on a recent advertising blitz by Natural Resources Canada found that focus groups in the U.S. capital were befuddled by the campaign's tagline — "America's best friend is America's best energy [Read more]
Raging River Exploration Inc. Announces Increase to Bought Deal Equity Financing to $78.4 Million
CALGARY, ALBERTA--(Marketwired - Oct. 23, 2013) - NOT FOR DISTRIBUTION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. Raging River Exploration Inc. ("Raging River" or the "Company") (TSX:RRX) is pleased to announce that it has agreed with the underwriters for its bought-deal financing announced today to increase the size of the bought deal financing to 14,000,000 common shares from 12,500,000 common shares at [Read more]
Raging River Exploration Inc. Announces $105 Million Dodsland Viking Acquisition, Freehold Leasing Arrangment, $70 Million Bought Deal Financing, Operations Update and Increased 2013 Guidance
CALGARY, ALBERTA--(Marketwired - Oct. 23, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Raging River Exploration Inc. ("Raging River" or the "Company") (TSX:RRX) is pleased to announce that the Company has entered into an agreement to acquire certain properties located in the Dodsland area of southwest Saskatchewan (the "Acquisition") for $105 million, the Company has also entered a freehold leasing arrangement ("Freehold Arrangement") [Read more]
Encana Reports Solid Third Quarter Supported by Liquids Growth and Progress on Cost Improvements
CALGARY, ALBERTA--(Marketwired - Oct. 23, 2013) - Encana Corporation (TSX:ECA)(NYSE:ECA) recorded a second consecutive profitable quarter with third quarter 2013 net earnings of $188 million or $0.25 per share, cash flow of $660 million or $0.89 per share and operating earnings of $150 million or $0.20 per share. Year to date, the Company has generated net earnings of $487 million or $0.66 per share, cash flow of $1.9 billion or $2.58 per share and operating earnings of $576 million or $0.78 per [Read more]
Enerplus Increases Production Estimates for 2013 and Sells Non-Core Assets
This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review the "Cautionary Note Regarding Forward-Looking Information and Statements" at the conclusion of this news release. For information regarding the presentation of certain information in this news release, see "Currency, BOE and Operational Information" at the conclusion of this news release. CALGARY, Oct. 22, 2013 /CNW/ - Enerplus Corporation [Read more]
Surge Announces Two High Quality Light Oil Acquisitions, an Upward Revision to 2013/14 Guidance, and a 19 Percent Increase in Dividend
CALGARY, Oct. 22, 2013 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") announced today two strategic, high quality light oil acquisitions. The first acquisition involves the $147 million purchase of all of the shares of a Calgary based private oil and gas company (the "Privateco"), with high netback, operated, producing light oil assets focused in the Steelman area of SE Saskatchewan, and the Dodsland area of SW Saskatchewan (the "Privateco Assets"). The consideration to be paid to the [Read more]
REPORT: Alberta and Saskatchewan workers looking at biggest pay raises in 2014
CALGARY - The Conference Board of Canada says workers in Alberta and Saskatchewan will fare the best with wage increases next year largely due to a shortage of qualified employees in the energy sector.Board vice-president Ian Cullwick says frenzied resource development and a shortage of trained workers means that Alberta and Saskatchewan will lead the way next year with average increases of 3.7 per cent.At the bottom of the scale is Atlantic Canada at 2.5 per cent and Ontario at 2.6 per [Read more]