CALGARY, ALBERTA--(Marketwired - July 28, 2015) - Edge Resources Inc. (TSX VENTURE:EDE)(AIM:EDG) ("Edge" or the "Company") is pleased to announce that it has closed a private placement for gross proceeds of CDN$500,000 with a new, strategic investor group (the "Investor Group"). The private placement subscription was completed by the Investor Group at a price of $0.08 per share, representing a 10.5% premium to the previous 10 day end-of-day volume weighted average price ("EOD VWAP"). A finder's [Read more]
News
Hemisphere Energy Renews $15.0 Million Credit Facility
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 28, 2015) - Hemisphere Energy Corporation ("Hemisphere" or the "Company") (TSX VENTURE:HME) is pleased to announce the renewal of its credit facility. Following the annual review with its lender, Hemisphere's credit facility will remain at $15.0 million with no changes to covenants or applicable margins on borrowing costs. Funds available under the credit facility are $14.0 million, with access to the remaining $1.0 million based on additional [Read more]
Cardinal Energy Ltd. Announces Second Quarter Results
CALGARY, ALBERTA--(Marketwired - July 28, 2015) - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) is pleased to announce its operating and financial results for the three and six months ended June 30, 2015. The Company also announces that its unaudited financial statements and management's discussion and analysis for the quarter ended June 30, 2015, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and on Cardinal's website at [Read more]
MEG Energy Successfully Completes Major Turnaround and Remains on Track Toward Record Annual Production Volumes
CALGARY, AB--(Marketwired - July 28, 2015) - All financial figures in C$ unless otherwise noted. MEG Energy Corp. (TSX: MEG) today reported second quarter 2015 operating and financial results. Highlights include: Production volumes for the second quarter ahead of plan at 71,376 barrels per day (bpd), which include the impact of major planned plant turnarounds involving Phases 1, 2 and 2B in the quarter; Cash flow from operations of $99 million, or $0.44 per share; Net operating costs [Read more]
Sunshine Oilsands Ltd. Announces Extension of Closing Schedule for Issuance of 524,734,210 Shares Under Specific Mandate
HONG KONG and CALGARY, Alberta, July 28, 2015 /PRNewswire/ -- The Board of Directors of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKEX: 2012, TSX: SUO) wishes to announce the following: References are made to the announcement of the Corporation dated June 1, 2015 (Hong Kong time) (May 31, 2015 (Calgary time)) (the "Announcement") and the circular of the Corporation dated June 22, 2015 (the "Circular"), in relation to, among other matters, the proposed issue of new Shares under [Read more]
Husky’s West White Rose Development Option Continues to Be Assessed
CALGARY, AB--(Marketwired - July 27, 2015) - Husky Energy (TSX: HSE) continues to assess potential development options for the West White Rose extension in the Jeanne d'Arc Basin. One of two concepts being assessed, a fixed wellhead platform, has received regulatory approval from the Canada-Newfoundland and Labrador Offshore Petroleum Board. A subsea option to develop the field extension is also being evaluated. The West White Rose extension is a key project in the Company's long-term [Read more]
Artisan Energy Updates $2,000,000 Brokered Private Placement
CALGARY, ALBERTA--(Marketwired - July 27, 2015) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) is pleased to announce that further to its announcement on July 20, 2015 relating to the brokered private placement (the "Private Placement") with Richardson GMP Limited ("Richardson GMP"), the Private Placement is being offered to all of the existing shareholders of Artisan who are permitted to subscribe pursuant to the prospectus exemption contained in Multilateral [Read more]
PrairieSky Announces Second Quarter 2015 Results
CALGARY, ALBERTA--(Marketwired - July 27, 2015) - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSK:PSK) is pleased to announce its second quarter operating and financial results for the period ended June 30, 2015. 2015 Second Quarter Highlights: Revenues of $71.8 Million Funds from Operations of $43.6 Million or $0.29 per share, basic and diluted Average production of 17,205 BOE per day Actively leased land for new and existing plays, collecting a record $24.8 Million in [Read more]
TSX Energy Index dips to 10 year low
This afternoon, the TSX Energy Index dropped to its lowest point in 10 years. The previous low, on February 22, 2009 was 174.62. Today, the index dropped 2.77% to 174.22. WTI Crude went down 1.93% today to $47.19 while Western Canada Select fell 2.9% to $31.19. Brent Crude dropped 2.47% to sit at $53.20. Crude oil futures settled at their lowest levels since March 20 today after a steep drop in China's stock markets spread concerns about the economic health of the world's [Read more]
Relentless Announces Heathdale Land Acquisition and Glauconite Oil Pool Extension
CALGARY, ALBERTA--(Marketwired - July 27, 2015) - Relentless Resources Ltd. ("Relentless" or "the Company") (TSX VENTURE:RRL) is pleased to announce that the 16-6-27-9 W4M new pool wildcat well has been drilled and cased to 1070 meters total vertical depth. The well was drilled prior to the July 22, 2015 Crown land sale, where the offsetting section of petroleum and natural gas rights, Section 5-27-9 W4M, was acquired by Relentless at 100% working interest. The 16-6-27-9 W4 well logs have [Read more]