CALGARY, ALBERTA--(Marketwired - March 4, 2015) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Corporation") (TSX:PPY) is pleased to announce its 2014 financial and operating results. In addition, Painted Pony is pleased to announce the following updates on growth plans: Increased firm capacity at the AltaGas Townsend Facility from 150 MMcf/d to 198 MMcf/d beginning in the second half of 2017; and The 2015 capital expenditure budget has been reduced to $104 million from $295 [Read more]
News
Painted Pony Increases 2P Reserves by 68% to 2.9 Tcfe With a Recycle Ratio of 5.1 Times
CALGARY, ALBERTA--(Marketwired - March 4, 2015) - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Corporation") (TSX:PPY) is pleased to announce the results of its independent reserves report effective December 31, 2014. This evaluation was prepared by GLJ Petroleum Consultants Ltd. ("GLJ") and encompasses 100% of Painted Pony's reserves entities. Highlights include: Increased proved plus probable ("2P") reserves by 68% to 2.9 Tcfe (488 MMboe), an increase of 50% per share; Increased [Read more]
Encana Announces C$1.25 Billion Bought Deal Offering
CALGARY, ALBERTA--(Marketwired - March 4, 2015) - Encana Corporation ("Encana") (TSX:ECA)(NYSE:ECA) announced today that it has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets, Credit Suisse and Scotiabank, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 85,616,500 common shares of Encana (the "Shares") at a price of C$14.60 per Share (the "Offering Price"), for gross proceeds of approximately C$1.25 billion (the [Read more]
Crews respond to small pipeline blast east of Edmonton, no injuries
FORT SASKATCHEWAN, Alta. - RCMP have reopened Highway 15 east of Edmonton following a small pipeline breach and explosion in an industrial area.Fort Saskatchewan fire chief James Clark says no one was hurt in the blast that happened just before noon Wednesday.He says a track hoe digging into the ground struck a hydrogen gas line, which triggered a small explosion and fire.Crews diverted traffic away from the area of the gas leak as a safety precaution for a few hours.Clark says there are lots of [Read more]
Husky Announces $150 Million Preferred Share Offering
CALGARY, ALBERTA--(Marketwired - March 4, 2015) - Husky Energy (TSX:HSE)(TSX:HSE.PR.A)(TSX:HSE.PR.C) has agreed to issue to a syndicate of underwriters led by TD Securities Inc. and RBC Capital Markets for distribution to the public 6,000,000 Cumulative Redeemable Preferred Shares, Series 5 (the "Series 5 Shares"). The Series 5 Shares will be issued at a price of $25.00 per Series 5 Share, for aggregate gross proceeds of $150 million. Holders of the Series 5 Shares will be entitled to receive [Read more]
Standing pat: Bank of Canada keeps its trendsetting interest rate at 0.75%
OTTAWA - The Bank of Canada maintained its key interest rate Wednesday as it credited global economic conditions and its January cut for helping the country weather the bruising oil slump.The central bank's latest policy announcement, which kept the overnight rate target at 0.75 per cent, also contained a slightly sunnier outlook, leaving many analysts with the impression there won't be any other reductions any time soon.It was the bank's first policy decision since January when governor [Read more]
Rock Energy Inc. Announces Exercise of Over-Allotment Option by Underwriters
CALGARY, ALBERTA--(Marketwired - March 4, 2015) - Rock Energy Inc. ("Rock" or the "Company") (TSX:RE) is pleased to announce it has closed the over-allotment option on its previously announced bought-deal financing (the "Offering"), with a syndicate of underwriters led by Dundee Securities Ltd. and including Acumen Capital Finance Partners Limited, AltaCorp Capital Inc., FirstEnergy Capital Corp., Haywood Securities Inc., National Bank Financial Inc., Paradigm Capital Inc. and GMP Securities [Read more]
Viking Provides Update on Status of First Well Within the Joffre, Alberta, Canada Project
NEW YORK, NY--(Marketwired - Mar 4, 2015) - Viking Investments Group, Inc. ("Viking") (OTCQB: VKIN) is pleased to provide a status update regarding placing the first well within the Joffre D3 B Pool (the "Joffre Project") on production. Joffre Project: The Joffre Project, in which Viking has a 50% working interest, consists of 4 suspended oil wells and 1 suspended water injection well. As previously announced, Viking and Tanager Energy Inc. ("Tanager"), joint venture operator of the Joffre [Read more]
Virginia Hills Oil Corp. Announces the Proposed Acquisition of a Private Oil and Gas Producer and Amendments to the Terms of Its Previously Announced Private Placement
CALGARY, ALBERTA--(Marketwired - March 4, 2015) - Virginia Hills Oil Corp. ("Virginia Hills" or the "Company") and Pinecrest Energy Inc. ("Pinecrest") (TSX VENTURE:PRY) are pleased to announce that Virginia Hills and its wholly-owned subsidiary 1834163 Alberta Ltd. ("AcquisitionCo") have entered into an agreement (the "Amalgamation Agreement") with a private oil and gas producer ("PrivateCo") pursuant to which Virginia Hills, through AcquisitionCo, will purchase all of the issued and outstanding [Read more]
Blackbird Energy Announces Two Significant Condensate and Liquids-Rich Gas Discoveries at Elmworth
CALGARY, ALBERTA--(Marketwired - March 4, 2015) - Blackbird Energy Inc. ("Blackbird") (TSX VENTURE:BBI) is very pleased to announce that its first two operated horizontal Montney wells, which are located at 06-26-70-07-W6 ("06-26") and 05-26-70-07W6 ("05-26") on Blackbird's 69 section land block at Elmworth, Alberta, Canada, have been successfully completed and tested. The 06-26 and 05-26 wells were drilled into the Middle Montney and Upper Montney intervals respectively, and both wells [Read more]