CALGARY, Nov. 9, 2015 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to announce its financial results for the third quarter of 2015. The complete set of financial statements and management discussion and analysis for the three and nine month periods ended September 30, 2015 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. HIGHLIGHTS Highlights for the third quarter and to date include: Realized cash flow from [Read more]
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Surge Energy Inc. Announces Third Quarter Results, Continued Drilling Success, and Dividend Reduction
CALGARY, Nov. 9, 2015 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the quarter ended September 30, 2015. This quarter represents the first full quarter of operating and financial results for Surge post the $430 million sale of the Company's SE Saskatchewan and Manitoba assets. This asset disposition closed on June 15, 2015. Business Strategy – Prepare for a "Lower for Longer" Scenario Given the significant drop in world [Read more]
NuVista Energy Ltd. Announces Third Quarter 2015 Financial and Operating Results and 2016 Budget Plans
CALGARY, ALBERTA--(Marketwired - Nov. 9, 2015) - NuVista Energy Ltd. ("NuVista" or the "Company") (TSX:NVA) is pleased to announce results for the three and nine months ended September 30, 2015 and provide an update on its future business plans. NuVista had a strong and steady quarter with continued operational success and significant progress on cost reduction initiatives. Since the end of spring breakup, NuVista has been active with two rigs drilling in the Wapiti area, and production from the [Read more]
Sunshine Oilsands Ltd.: Private Placement of HK$ 23,254,560 of Common Shares Under the General Mandate to Mr. Junhua Huang
HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Nov. 9, 2015) - The Board of Directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKSE:2012) (a corporation incorporated under the Business Corporations Act of the Province of Alberta, Canada with limited liability) is pleased to announce the following: PRIVATE PLACEMENT OF HK$ 23,254,560 OF COMMON SHARES (a) The Placement On November 9, 2015 in Hong Kong (November 9, 2015 in [Read more]
Chinook Energy Inc. Announces Third Quarter 2015 Results
CALGARY, ALBERTA--(Marketwired - Nov. 9, 2015) - Chinook Energy Inc. ("our", "we", "us" or "Chinook") (TSX:CKE) is pleased to announce its third quarter financial and operating results. Our operational and financial highlights for the three and nine months ended September 30, 2015 are noted below and should be read in conjunction with our condensed consolidated financial statements for the three and nine months ended September 30, 2015 and 2014 and related management's discussion and [Read more]
Company wants expanded Alberta rail facility to load more oil; Ottawa may review
EDMONTON - A company wants to expand its rail facility southeast of Edmonton so it can load more trains with Alberta crude for shipment across North America.USD Terminals Canada says its rail terminal near Hardisty, Alta., can already load up to two trains each with 120 railcars a day.The Canadian Environmental Assessment Agency says USD is proposing to double that capacity by building and operating new rail tracks and loading infrastructure."As proposed, the Hardisty Rail Terminal Project would [Read more]
Freehold Royalties Ltd. Enters Into Amended and Restated Management Agreement to Reduce Management Fees
CALGARY, ALBERTA--(Marketwired - Nov. 9, 2015) - Freehold Royalties Ltd. ("Freehold") (TSX:FRU) is pleased to announce that effective immediately it has entered into an Amended and Restated Management Agreement with Rife Resources Management Ltd. (the "Manager") and Rife Resources Ltd. ("Rife"). Freehold originally entered into the Management Agreement with the Manager when Freehold was established in 1996 and since such time the Management Agreement has been amended and restated. [Read more]
DXI Energy Director Richard H. Kennedy to Retire
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 9, 2015) - DXI Energy Inc. (NYSE:DXI)(TSX:DXI) ("DXI" or the "Company"), an upstream oil and gas exploration and production company operating in Colorado's Piceance Basin and the Peace River Arch region in British Columbia, today announced that Director Richard Kennedy of Edmonton, Alberta has retired from the Company's Board of Directors for personal business reasons. DXI Chairman and CEO Robert L. Hodgkinson states: "Mr. Kennedy is a [Read more]
Suncor Energy closes purchase of additional working interest in Fort Hills oil sands project
CALGARY, ALBERTA--(Marketwired - Nov. 9, 2015) - Suncor Energy today announced that it has successfully closed the previously announced purchase of an additional 10 per cent working interest in the Fort Hills oil sands project from Total E&P Canada Ltd. The acquisition of the additional working interest presents an opportunity for Suncor to lower its capital cost per barrel and enhance its projected return on the Fort Hills project. With the completion of the sale, the Fort Hills Energy LP's [Read more]
Pine Cliff Energy Ltd. Announces $185 Million Strategic Acquisition, $60 Million Offering, Private Placement and Operations Update
CALGARY, ALBERTA--(Marketwired - Nov. 9, 2015) - Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX VENTURE:PNE) is pleased to announce that it has entered into an agreement with a senior oil and gas producer (the "Vendor") to acquire certain mainly natural gas weighted assets in the Viking area of Central Alberta (the "Viking Assets") and Ghost Pine area of Central Alberta (the "Ghost Pine Assets" and collectively with the Viking Assets, the "Assets") for cash consideration of $185 [Read more]