CALGARY, ALBERTA--(Marketwired - June 23, 2015) - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce that it has closed its public offering of 4,887,500 common shares at a price of $39.50 per share, which includes 637,500 common shares issued pursuant to the exercise in full of the over-allotment option, for gross proceeds of $193.1 million. Concurrent with the closing of the public offering, certain directors, officers and employees of the Company and their [Read more]
News
Canamax Announces Addition of Flow-Through Shares to Private Placement Financing and Increased Bank Credit Facilities in Conjunction With Acquisition of Greater Grimshaw Assets
CALGARY, ALBERTA--(Marketwired - June 23, 2015) - Canamax Energy Ltd. ("Canamax" or the "Company") (TSX VENTURE:CAC) is pleased to announce the following: Private Placement Financing The terms of the previously announced $15 million Private Placement Financing (the "Private Placement Financing") have been amended to include the issuance of up to 1.6 million common shares of Canamax on a "flow-through" basis pursuant to the Income Tax Act (Canada) in respect of [Read more]
Chinook Energy Inc. Announces Amended Credit Facility
CALGARY, ALBERTA--(Marketwired - June 22, 2015) - Chinook Energy Inc. (TSX:CKE) ("Chinook" or the "Company") today announced its amended credit facility following the completion of the semi-annual review of its facility by its bank syndicate. The amended credit facility provides a borrowing base of $75 million, down from $125 million, primarily as a result of significantly reduced commodity pricing and non-core asset dispositions. The credit facility is subject to re-determination on a [Read more]
Imperial continues existing share repurchase program
CALGARY, June 22, 2015 /CNW/ - Imperial today announced it has received final acceptance from the Toronto Stock Exchange for a new normal course issuer bid to continue its existing share repurchase program facility that will expire on June 24, 2015. In December 2002, Imperial introduced a restricted stock unit plan pursuant to which shares may be issued upon vesting. Since there could be a dilution in the percentage ownership levels of shareholders that would result from the issue of shares on [Read more]
Inter Pipeline Announces Completion of Polaris Pipeline Expansion for Imperial’s Kearl Project
CALGARY, ALBERTA--(Marketwired - June 22, 2015) - Inter Pipeline Ltd ("Inter Pipeline") (TSX:IPL) announced today that it has completed capacity expansion work on its Polaris Pipeline system in support of the second phase of the Kearl oil sands project operated by Imperial Oil Resources Ventures Limited ("Imperial"). In August 2013, Imperial exercised its contractual option to increase its firm capacity commitment on the Polaris Pipeline system from 60,000 barrels per day to 120,000 barrels per [Read more]
Zargon Oil & Gas Ltd. Announces Renewal of Credit Facilities, Revises 2015 Dividends and Provides a Little Bow ASP Project Update
CALGARY, ALBERTA--(Marketwired - June 22, 2015) - Zargon Oil & Gas Ltd. (TSX:ZAR)(TSX:ZAR.DB) ("Zargon" or the "Company") announces the renewal of its credit facilities, a reduced dividend of $0.01 per common share per month and provides a Little Bow ASP Project Update. Renewal of Credit Facilities Zargon has renewed and extended its committed syndicated credit facilities and the lenders thereunder have confirmed a borrowing base of $110 million, down from $130 million. This [Read more]
Striker Exploration Corp. Announces Closing of Previously Announced Belly River Acquisition
CALGARY, ALBERTA--(Marketwired - June 22, 2015) - Striker Exploration Corp. ("Striker" or the "Company") (TSX VENTURE:SKX) is pleased to announce that it has closed its previously announced asset acquisition in the Wilson Creek area (the "Acquisition"). The aggregate purchase price in respect of the Acquisition was $3.875 million, before adjustments, which was satisfied using the Company's existing credit facilities. The key attributes of the Acquisition include: [Read more]
Virginia Hills Oil Corp. Announces Issuance of Warrants to Lenders
CALGARY, ALBERTA--(Marketwired - June 19, 2015) - Virginia Hills Oil Corp. ("Virginia Hills" or the "Company") (TSX VENTURE:VHO) announces that on May 15, 2015 it issued an aggregate of 1,972,416 common share purchase warrants ("Warrants"). The Warrants were issued to the Company's senior lenders in respect of a $97.0 million credit facility established on April 15, 2015 in connection with the acquisition by the Company of certain assets from Pinecrest Energy Inc. by way of plan of arrangement [Read more]
Quattro Agrees to Purchase 1.288 Million BOE of Oil, Natural Gas and Liquids in British Columbia
CALGARY, Alberta, June 18, 2015 (GLOBE NEWSWIRE) -- Quattro Exploration And Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to announce that it has signed a binding Letter of Intent to purchase oil and gas production, facilities and lands from an Alberta-based private oil and gas exploration and production company. The purchase price for the acquisition is $5,182,630 to be paid through the issuance of equity and the assumption of decommissioning liabilities. The properties [Read more]
North American natural gas market oversupply to continue, says NEB
CALGARY, June 19, 2015 /CNW/ - Lower prices, ample supply, and increased competition in key markets will challenge the competitiveness of Canadian natural gas and gas exports, says the National Energy Board's latest natural gas deliverability market assessment, released today. The Short-term Canadian Natural Gas Deliverability, 2015–2017 Energy Market Assessment examines the factors that affect natural gas supply in Canada in the short term, and presents an outlook for Canadian natural gas [Read more]