(TSX: AAV) (NYSE: AAV) CALGARY, Dec. 4, 2013 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to provide the following operational update related to our current Phase VI Glacier Development program and an update on our strategic alternatives process. Our Phase VI drilling program commenced in August 2013 and is designed to increase Glacier production to 135 mmcfe/d in April 2014 which represents a production growth of 25% compared to April 2013. New Glacier [Read more]
News
North West Redwater Partnership Announces Update to Facility Cost Estimate and Certain Revisions to the Bitumen Processing Agreements
CALGARY, Dec. 4, 2013 /CNW/ - North West Redwater Partnership ("NWR"), a partnership between North West Upgrading Inc. ("NWU") and Canadian Natural Upgrading Limited ("CNUL"), a wholly owned subsidiary of Canadian Natural Resources Limited ("Canadian Natural"), announces today an update to its facility capital cost estimate and to certain revisions to its Bitumen Processing Agreements. Phase 1 of the Sturgeon Refinery project ("Project") is designed to process 50,000 barrels per day ("bbl/d") of [Read more]
Paramount Resources Ltd. Announces Upsizing and Pricing of Previously Announced Senior Notes Offering
CALGARY, ALBERTA--(Marketwired - Dec. 4, 2013) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES The previously announced offering of Paramount's 7.625% senior unsecured notes due 2019 (the "Senior Notes") has been upsized from $100 million to $150 million and priced at a premium price of $1,007.50 per $1,000 principal amount. The offering is expected to close on December 11, 2013. The Senior Notes have not been and will not be [Read more]
Peyto Exploration & Development Corp. Announces Closing of Private Placement of Senior Notes
CALGARY, ALBERTA--(Marketwired - Dec. 4, 2013) - Peyto Exploration & Development Corp. (TSX:PEY) ("Peyto") is pleased to confirm that it has closed a previously announced issuance of CDN$120 million of senior unsecured notes. The notes have a coupon rate of 4.5% and mature on December 4, 2020. The notes were issued by way of a private placement pursuant to a note purchase agreement and rank equally with Peyto's obligations under its bank facility and existing note purchase [Read more]
Yoho Resources Inc. Announces Year End Financial Results With 39% Increase in Funds from Operations for Fiscal 2013
CALGARY, ALBERTA--(Marketwired - Dec. 4, 2013) - Yoho Resources Inc. (TSX VENTURE:YO) ("Yoho" or the "Company") has filed today on SEDAR the financial statements for the year ended September 30, 2013 and the related managements' discussion and analysis ("MD&A"). Yoho today also filed its Annual Information Form for the year ended September 30, 2013 which includes the Company's reserves data and other oil and gas information for the year ended September 30, 2013 as mandated by National [Read more]
Enbridge Increases Dividend by 11 per cent
CALGARY, ALBERTA--(Marketwired - Dec. 4, 2013) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) today announced that its Board of Directors has declared a quarterly dividend of $0.350 per common share, payable on March 1, 2014 to shareholders of record on February 14, 2014. The dividend reflects an 11 per cent increase from the prior quarterly rate. Enbridge also announced a guidance range for 2014 adjusted earnings of $1.84 to $2.04 per share. "2013 has been a foundational year for our growth plan [Read more]
Suncor eyeing ‘material presence’ in Norway
CALGARY - Suncor Energy Inc. (TSX:SU) hopes to build a "material presence" in offshore Norway, its senior vice president of exploration and production said Wednesday.But Francois Langlois said Suncor, best known as a dominant oilsands producer, is in no hurry to grow its interests in the international and offshore spheres."It's not urgent that we do this. We're not pressured in being a high-risk explorer that throws a lot of money at exploration," Langlois said on Suncor's investor day [Read more]
Oil above $97 a barrel as US supplies decline
The price of oil rose for a fourth straight day as the government reported the first drop in crude oil supplies in 11 weeks.Benchmark crude oil for January delivery rose $1.16 to $97.20 a barrel on the New York Mercantile Exchange. Oil has gained $4.90 a barrel, or 5.3 per cent, over the past four trading sessions.The Energy Department said Wednesday that crude oil supplies decreased by 5.6 million barrels, or 1.4 per cent, last week, breaking a streak of 10 consecutive weekly increases. The [Read more]
Edge Resources Inc. Kicks Off Multi-Well Drilling Program
CALGARY, ALBERTA--(Marketwired - Dec. 4, 2013) - Edge Resources Inc. ("Edge" or the "Company") (TSX VENTURE:EDE)(AIM:EDG) is very pleased to announce that, following from the oversubscribed financing (announced November 18, 2013), it has already secured a drilling rig for a multi- well drilling program in Eye Hill, Saskatchewan. The Company is planning on drilling a minimum of three wells back-to-back in December 2013. The planned locations are within a few hundred meters of the existing, [Read more]
Paramount Resources Ltd. Announces the Proposed Offering of an Additional $100 Million of Its 7.625% Senior Notes Due 2019 and A $150 Million Increase to Its Bank Credit Facility
CALGARY, ALBERTA--(Marketwired - Dec. 4, 2013) - Paramount Resources Ltd. (TSX:POU) ("Paramount" or the "Company") intends to sell an additional $100 million aggregate principal amount of its 7.625% senior unsecured notes due 2019 (the "Senior Notes") by way of a public offering in Canada and on a private placement basis in the United States through a syndicate of underwriters (the "Offering"). The Offering is expected to close before mid-December 2013. Net proceeds from the Offering will be [Read more]