CALGARY, April 23, 2015 /CNW/ - On January 30, 2015 Connacher Oil and Gas Limited (CLL – TSX; "Connacher" or the "Company") announced a proposed recapitalization transaction (the "Recapitalization") aimed at significantly reducing the Company's debt and annual interest expense, and providing additional liquidity to fund ongoing operations. Following approvals of all resolutions relating to the Recapitalization by the shareholders and noteholders, the support for the Recapitalization from 100% [Read more]
News
B.C. First Nation signs benefit deal over natural gas pipeline
TERRACE, B.C. - The company planning to build a 900 kilometre natural gas pipeline across northern B.C. has signed a benefit agreement with the Kitselas (KIT'-sell-us) First Nation.TransCanada (TSX:TRP) announced the deal, when signed, will provide financial and other benefits related to the Prince Rupert Gas Transmission project.Project president Dean Patry says the agreement is an important milestone and reflects his firm's commitment to engage with First Nations.Kitselas Chief Joe Bevan says [Read more]
Crude Oil Surges, Near $58
Benchmark U.S. crude oil rose nearly $2/bbl to above $58.00 a barrel on the New York Mercantile Exchange. Oil was steady after two days of declines as U.S. crude stockpiles expanded further from a record. A Saudi Arabia-led coalition renewed air raids on Shiite rebels in Yemen, reigniting concerns over supply disruptions in the region. [Read more]
Kicking Horse Energy Inc. Announces Financial and Operating Results for the Periods Ended December 31, 2014
CALGARY, AB--(Marketwired - April 22, 2015) - Kicking Horse Energy Inc. ("Kicking Horse" or the "Company") (TSX VENTURE: KCK) reports its operating and financial results for the three and nine months ended December 31, 2014. The full audited consolidated financial statements and notes, as well as Management's Discussion and Analysis ("MD&A") for the nine months ended December 31, 2014 are available on Kicking Horse's website and have been filed on SEDAR. The period ended December 31, 2014 [Read more]
Seven Generations Energy prices US$425 million senior notes at 6.75%
CALGARY, April 22, 2015 /CNW/ - Seven Generations Energy Ltd. (7G) (TSX: VII) has priced US$425 million aggregate principal amount of senior notes due 2023 at 6.75%, offered in a private placement to eligible purchasers. Due to strong market demand and attractive market conditions, 7G increased the size of the offering by US$25 million to US$425 million. The Company expects to close the offering on or about April 30, 2015, subject to the satisfaction of customary closing conditions. About [Read more]
StonePoint Energy Inc. Announces Year End Financial and Operating Results and Activity Update
CALGARY, ALBERTA--(Marketwired - April 22, 2015) - StonePoint Energy Inc. (TSX VENTURE:STO) ("StonePoint" or the "Company") is pleased to announce it has filed on SEDAR its audited financial statements and related management's discussion and analysis ("MD&A") for the year ended December 31, 2014 as well as its Annual Information Form ("AIF"). The financial statements, MD&A and the AIF will be available for review on SEDAR at www.sedar.com as well as the Company's website at [Read more]
PrairieSky Royalty Appoints Chief Financial Officer
CALGARY, ALBERTA--(Marketwired - April 22, 2015) - James Estey, Chair of the Board of PrairieSky Royalty Ltd. ("PrairieSky") (TSX:PSK) and Andrew Phillips, President and Chief Executive Officer, are pleased to announce that PrairieSky has hired Pam Kazeil as the company's Vice President, Finance and Chief Financial Officer. Effective June 1, 2015, Ms. Kazeil will be a member of the company's executive leadership team and have overall responsibility for the financial management of [Read more]
Marquee Energy Ltd. announces appointment of new auditor
CALGARY, April 22, 2015 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: MQL) is pleased to announce the appointment of KPMG LLP ("KPMG") as its auditor, replacing Collins Barrow Calgary LLP ("Collins Barrow"). The Company's Board of Directors and its Audit Committee approved the appointment of KPMG, accepted the resignation of Collins Barrow and reviewed all of the documents related to the change of auditor. Collins Barrow resigned as auditor at Marquee's request and there were [Read more]
Arcan Resources Ltd. Enters Into Arrangement Agreement with Aspenleaf Energy Ltd.
CALGARY, ALBERTA--(Marketwired - April 22, 2015) - Arcan Resources Ltd. (TSX VENTURE:ARN) ("Arcan" or the "Corporation") is pleased to announce that today it has entered into an arrangement agreement (the "Arrangement Agreement") with Aspenleaf Energy Limited ("Aspenleaf") pursuant to which Aspenleaf will, subject to certain conditions, acquire all of the issued and outstanding common shares of Arcan ("Shares") for $0.11 per share in cash (the "Arrangement"). The consideration offered for the [Read more]
Seven Generations proposes a US$400 million note offering, Q1 production and capital investment on track
CALGARY, April 22, 2015 /CNW/ - Seven Generations Energy Ltd. (7G or the Company) (TSX: VII) is proposing a private placement (the Offering) of US$400 million senior notes due 2023 (the Notes) and the Company's first quarter production and capital investment are on track to meet 2015 operating guidance. "This financing, along with funds from operations, cash and our undrawn $480 million credit facility, will go to fund our ongoing capital investment program. Our first quarter production is [Read more]