CALGARY, AB--(Marketwired - March 09, 2015) - Husky Energy (TSX: HSE) has agreed to issue $750 million in notes maturing on March 12, 2025 (the "2025 Notes"). The 2025 Notes have a coupon of 3.55 percent and have been assigned a credit rating of BBB+ by Standard & Poor's, Baa2 with a stable outlook by Moody's and A (low) with a stable trend by DBRS. The net proceeds of the offering will be used for the partial repayment of short term debt incurred in connection with the Company's U.S. [Read more]
News
Groundstar Resources Limited Provides Corporate Update
CALGARY, ALBERTA--(Marketwired - March 9, 2015) - Groundstar Resources Limited. (the "Company") (TSX VENTURE:GSA) announces that the Board of Directors has accepted the resignation of Mr. Shabir Premji as Chief Financial Officer and a director of the Company, effective immediately. Mr. Premji has indicated that he has decided to pursue other opportunities. The Board of Directors thanks Mr. Premji for his contributions over the last several years in his role as a Director and as a member of the [Read more]
Murphy Oil Company Ltd. Provides Update On Infield Condensate Leak
CALGARY, March 9, 2015 /CNW/ - Following up on our initial statement provided on March 3, 2015, Murphy Oil Company Ltd. is continuing its incident management efforts of a condensate leak at its Seal Field, located in a remote area approximately 80 kilometers south east of the Town of Peace River in north central Alberta. On the afternoon of March 1, 2015, three (3) localized areas of condensate were discovered near the surface along the right-of-way of a condensate transfer line. Murphy's field [Read more]
Exall Energy Corporation Updates Expected Timing to Pay Out Existing Credit Facility
CALGARY, ALBERTA--(Marketwired - March 9, 2015) - Exall Energy Corporation ("Exall" or the "Company") (TSX:EE)(TSX:EE.DB) announced today that, further to its February 9, 2015 and February 11, 2015 announcements, Viking Investments Group, Inc. ("Viking") has advised Exall that given the current timing, it is considering dispensing with a bridge financing arrangement as a means to retire Exall's existing facility with its current senior Canadian lender (the "Facility") in full, and instead [Read more]
Kelt Increases CDE Flow-Through Equity Financing to $33.4 Million
CALGARY, AB--(Marketwired - March 09, 2015) - Kelt Exploration Ltd. ("Kelt" or the "Company") (TSX: KEL) is pleased to announce that it has increased its previously announced non-brokered private placement of common shares, issued on a "flow-through" basis in respect of Canadian development expenses at a price of $8.60 per share, from $28.4 million to $33.4 million (the "Private Placement"). Proceeds from the Private Placement will be used to partially finance the Company's drilling and [Read more]
Crew Energy Inc. Announces Fourth Quarter and Full Year 2014 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - March 9, 2015) - Crew Energy Inc. (TSX:CR) of Calgary, Alberta ("Crew" or the "Company") is pleased to announce our operating and financial results for the three and twelve month periods ended December 31, 2014. Our full audited consolidated Financial Statements and Notes, as well as Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2014 are available on Crew's website and will be filed on SEDAR. 2014 HIGHLIGHTS Our fourth [Read more]
Bellatrix announces growth to 250 million boe in proved plus probable reserves establishing a 2P net asset value of $9.01 per share
CALGARY, March 9, 2015 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce its 2014 year-end reserves information. Reserves at December 31, 2014 were independently evaluated by Sproule Associates Limited ("Sproule"). The evaluation encompasses 100% of Bellatrix's oil and gas properties and was prepared in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). 2014 marked another [Read more]
Forent Energy Announces 2014 Reserves
CALGARY, ALBERTA--(Marketwired - March 9, 2015) - Forent Energy Ltd. (TSX VENTURE:FEN) ("Forent" or the "Company") is pleased to announce the results of its independent reserves evaluation ("The McDaniel Report") conducted by McDaniel and Associates Consultants Ltd. ("McDaniel"). McDaniel is a qualified reserves evaluator in accordance with the Canadian Oil and Gas Evaluation Handbook and National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities. The McDaniel Report is dated [Read more]
Arcan Announces Resignation of Director
CALGARY, ALBERTA--(Marketwired - March 8, 2015) - Arcan Resources Ltd. (TSX VENTURE:ARN) (the "Company") announces that Murray Hinz has resigned as a director of the Company. The Company and its board of directors thank Mr. Hinz for his many valuable contributions to the Company and wish him well in his future endeavors. Arcan Resources Ltd. Arcan Resources Ltd. is an Alberta, Canada corporation that is principally engaged in the exploration, development and acquisition of petroleum and [Read more]
Dejour Reports Q4 and Fiscal 2014 Results Drills 11 New Wells Including Mancos Test at Kokopelli
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 its financial results for the three and twelve month periods ended December 31, 2014. 2014 Key Financial and Operating Highlights are: Achieved a 2014 reserve replacement ratio of 3.8 times in Canada; Completed two [Read more]