VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 2, 2015) - Ivanhoe Energy Inc. announced today that, despite considerable efforts by the company, the Proposal Trustee (Ernst & Young Inc.) and major creditors of the company, the parties have been unable to reach a viable restructuring proposal under the Bankruptcy and Insolvency Act (BIA) (Canada). As previously disclosed on February 20, 2015, the company filed a Notice of Intention to Make a Proposal (Notice of Intention) pursuant to the [Read more]
News
Canbriam Energy announces closing of private offering of US$101 million of senior unsecured notes
CALGARY, June 2, 2015 /CNW/ - Canbriam Energy Inc. ("Canbriam") announces that it has closed an add-on private offering of US$101 million in aggregate principal amount of 9.75% senior unsecured notes due 2019 ("the Notes"). The Notes were offered and sold in the United States to qualified institutional buyers in accordance with Rule 144A under the United States Securities Act of 1933, as amended. The Notes were issued pursuant to an indenture dated as of November 14, 2014 and sold at 103% of [Read more]
Canamax Announces Strategic Montney Oil Focused Acquisition Further Consolidating Its Greater Grimshaw Area
Canamax Energy Ltd. ("Canamax" or the "Company") (TSX VENTURE:CAC) is pleased to announce that it has entered into a binding purchase and sale agreement with an intermediate oil and gas company to acquire certain assets in Alberta (the "Acquisition") for cash consideration of $24.0 million, subject to customary closing adjustments. The Acquisition is expected to close on or before July 31, 2015. The assets to be acquired consist primarily of two producing properties located in northwest Alberta [Read more]
Tourmaline Oil Corp. Increases Size of Bought Deal Financing
CALGARY, AB--(Marketwired - June 02, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that in connection with its previously announced bought-deal financing, Tourmaline and the syndicate of underwriters led by led by Peters & Co. Limited and including FirstEnergy Capital Corp., Scotia Capital Inc., CIBC, National Bank Financial Inc., TD Securities Inc., RBC Capital Markets, and Raymond James Ltd. have agreed to increase the size of the financing. [Read more]
Manitok Energy Inc. Announces Financial Results for the First Quarter of 2015 and Update on Its Proposed Acquisition
CALGARY, ALBERTA--(Marketwired - June 1, 2015) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) announces its financial and operating results for the first quarter of 2015. The full text of Manitok's first quarter report containing its unaudited condensed interim financial statements as at and for the three months ended March 31, 2015 and the related management's discussion and analysis are available electronically on Manitok's profile on the System for Electronic [Read more]
Quattro Releases 1st Quarter Financials Reporting Net Earnings of $0.01 Per Share
CALGARY, Alberta, June 1, 2015 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to announce the filing of its first quarter 2015 financial statements, reporting CDN $0.01 per share earnings. The Company has reported the following results for the 3 months ending March 31st, 2015: • Revenues $ 3,447,358 • Net income from operations, $14.79 per boe "Net Back" $ 1,876,572 • Net earnings, after tax of $0.01 per [Read more]
Dejour Issues NE BC Operational Update
VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT:DEJ) (TSX:DEJ) (“Dejour” or the “Company”), an independent oil and gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, today announced an operational update for its project in NW Alberta. Woodrush Project-Oil As previously reported, Dejour tied into production the B-100 Halfway oil step out well and the A-100 Gething gas well from the recently completed [Read more]
Canada crude oil production estimated at lowest in almost two years: report
CALGARY - A report by Barclays says Canada's crude oil production last month is estimated to be the lowest it has been in almost two years.While companies have yet to release production numbers, the British bank says wildfires and upgrader maintenance in Alberta are expected to have cut average national production to 3.98 million barrels of oil a day in May after peaking at an average of 4.59 million barrels a day in January."We expect Canadian crude production in May to be the lowest in nearly [Read more]
Tourmaline Oil Corp. Enters Into Bought Deal Financing
CALGARY, AB--(Marketwired - June 01, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that it has entered into a bought-deal financing with a syndicate of underwriters led by Peters & Co. Limited and including FirstEnergy Capital Corp., Scotia Capital Inc., CIBC, National Bank Financial Inc., TD Securities Inc., RBC Capital Markets, and Raymond James Ltd. Tourmaline will issue 3,700,000 common shares ("Common Shares") at a price of $39.50 per [Read more]
ORLEN Upstream Canada Ltd. Announces the Appointment of a New President
CALGARY, ALBERTA--(Marketwired - June 1, 2015) - ORLEN Upstream Canada Ltd. ("ORLEN Upstream Canada" or the "Company") announces the appointment of Matthew J. Rees as President of the Company effective June 1, 2015. The Board of Directors and Management of ORLEN Upstream Canada wish to thank Mr. Andrew Z. Wiacek for his contribution to the development of the Company. Mr. Rees is a Professional Engineer with extensive experience in Western Canadian and International onshore & offshore [Read more]