CALGARY, May 11, 2015 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to announce its financial results for the first quarter of 2015. The complete set of financial statements and management discussion and analysis for the three months ended March 31, 2015 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. HIGHLIGHTS In the first quarter of 2015, Journey executed a reduced exploration and development capital program of $17.6 [Read more]
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Cardinal Energy Ltd. Announces First Quarter Results
CALGARY, ALBERTA--(Marketwired - May 11, 2015) - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) is pleased to announce its operating and financial results for the three months ended March 31, 2015. The Company also announces that its unaudited financial statements and management's discussion and analysis for the quarter ended March 31, 2015, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and on Cardinal's website at [Read more]
Perpetual Energy Inc. Releases First Quarter 2015 Financial and Operating Results
CALGARY, May 11, 2015 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to report its financial and operating results for the three months ended March 31, 2015. A complete copy of Perpetual's unaudited interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2015 can be obtained through the Corporation's website at www.perpetualenergyinc.com and SEDAR at [Read more]
US agency approvals Shell’s Arctic drilling plan off Alaska’s northwest coast
ANCHORAGE, Alaska - Just days ahead of a planned protest of Royal Dutch Shell's Arctic drilling program in Seattle, the company on Monday cleared a major bureaucratic hurdle to drill off Alaska's northwestern coast.The Bureau of Ocean Energy Management approved the multi-year exploration plan in the Chukchi Sea for Shell after reviewing thousands of comments from the public, Alaska Native organizations and state and federal agencies."We have taken a thoughtful approach to carefully considering [Read more]
Inter Pipeline Announces Record First Quarter 2015 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - May 11, 2015) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) announced today record financial and operating results for the three month period ended March 31, 2015. First Quarter Highlights Generated record funds from operations* of $177 million, or $0.53 per share, a 34 percent increase over the first quarter of 2014 Declared record cash dividends of $122 million or $0.3675 per share Conservative quarterly payout ratio* of 73 percent Generated [Read more]
Shell Canada pushing back startup of Carmon Creek oilsands project
CALGARY - Shell Canada says its Carmon Creek oilsands project will start up a couple of years later than planned as the company looks to drive down costs.With low crude prices curbing construction activity in northern Alberta, contractors and service providers have been under pressure to sharpen their pencils.Shell is altering the schedule for the first two phases of Carmon Creek so that it can improve its design and retender some contracts, said spokesman Cameron Yost."We are still early enough [Read more]
Prince Rupert Gas Transmission Project Receives First Two B.C. Oil & Gas Commission Construction Permits
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 8, 2015) - TransCanada (TSX:TRP) (NYSE:TRP) (TransCanada) today announced it has received the first two permits from the British Columbia (BC) Oil & Gas Commission (OGC), approving construction for two sections of Prince Rupert Gas Transmission project (PRGT) along approximately 250 kilometres (155 miles) of the route. The pipeline approvals are for sections that extend from 20 km (12.4 miles) northwest of Hudson's Hope to approximately 50 km [Read more]
Connacher Completes Restructuring and Provides Q1 2015 Operational Update
CALGARY, May 8, 2015 /CNW/ - Connacher Oil and Gas Limited (CLL – TSX; "Connacher" or the "Company") announced today that it has closed the previously announced recapitalization transaction (the "Recapitalization"). The Recapitalization included, among other things: The exchange of approximately C$1.0 billion of Connacher's debt for common shares of Connacher, including accrued and unpaid interest; The issuance by Connacher of US$35 million aggregate principal amount of new second lien [Read more]
Talisman Announces Completion of the Acquisition by Repsol
CALGARY, ALBERTA--(Marketwired - May 8, 2015) - Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) announces that the acquisition of Talisman by Repsol S.A. by way of an arrangement under the Canada Business Corporations Act has been completed. Under the arrangement, a wholly-owned subsidiary of Repsol has acquired all of the outstanding common shares of Talisman at a price of US $8.00 per share and all of the outstanding preferred shares of Talisman at a price of CDN $25.1093 (representing CDN $25.00 [Read more]
Bellatrix announces proposed US$250 million offering of senior unsecured notes
CALGARY, May 8, 2015 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce that it intends to commence a private offering to eligible purchasers, subject to market conditions, of US$250 million in aggregate principal amount of senior unsecured notes due 2020 (the "notes"). Bellatrix intends to use the net proceeds from the offering of the notes to partially repay borrowings outstanding under its bank credit facility. The notes have not been [Read more]