CALGARY, ALBERTA--(Marketwired - Nov. 17, 2014) - Arsenal Energy Inc. ("Arsenal" or the "Company") (TSX:AEI) announces it has entered into an equity financing agreement, on a bought deal basis, with Paradigm Capital Inc., as lead underwriter, on behalf of a syndicate of underwriters (collectively, the "Underwriters"). Under the terms of the agreement Arsenal will issue 753,800 common shares to be issued on a "flow- through" basis pursuant to the Income Tax Act (Canada) (the "Tax Act") in [Read more]
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Southern Pacific Announces $19.5 Million Non-Core Asset Disposition
CALGARY, ALBERTA--(Marketwired - Nov. 17, 2014) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today announced the signing of an agreement to dispose of its entire interest in its Red Earth assets. The consideration for this sale is $19.5 million cash and the transaction is expected to close on or about November 25, 2014. The Red Earth assets were non-core to the Company, consisting of 135 sections of land and a pilot project thermal facility. Southern Pacific [Read more]
TransCanada Comments on Materials from Sandell Asset Management
CALGARY, ALBERTA--(Marketwired - Nov. 17, 2014) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today commented on materials made public by Sandell Asset Management (Sandell): "TransCanada appreciates constructive input from shareholders and we actively engage in open dialogue with them to discuss all aspects of our operations and corporate strategy. We received materials from Sandell a few months ago containing a very similar and flawed analysis to the one that was published [Read more]
Activist investor Sandell pushes for changes at TransCanada Corp.
CALGARY - An activist investor is urging pipeline and power giant TransCanada Corp. (TSX:TRP) to make big changes to its corporate structure in order to boost its share price.In a letter released Monday, Sandell Asset Management Corp. said the Calgary-based company hasn't made the most of its master limited partnership, TC Pipelines LP — a publicly traded vehicle with tax benefits into which TransCanada has been transferring some of its U.S. assets.It also wants TransCanada — the company behind [Read more]
Vermilion snags foothold in U.S. with deal in Wyoming’s Powder River Basin
CALGARY - Vermilion Energy Inc. (TSX:VET) has made its first foray south of the border and though it may be small at $11 million, a company executive said there could be meaningful growth ahead.Last week, Vermilion revealed an acquisition in northeastern Wyoming's "prolific" Powder River Basin. The transaction, with an unidentified seller, covers about 27,500 hectares of land, 98 per cent of which is undeveloped.The land includes a 70 per cent operated working interest in a tight oil project in [Read more]
Penn West Announces Details of its 2015 Capital Budget and Long-Term Plan Update
CALGARY, Nov. 17, 2014 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West", "we", "our" or the "Company") is pleased to announce the details of its 2015 capital budget and updated long-term plan. Commenting on the Company's first year of operations since announcing its Long-Term Plan, Dave Roberts, President and CEO stated, "Having just passed the first anniversary of the announcement of our Long-Term Plan, I am pleased to report that we have made significant progress and [Read more]
Kelt Provides 2015 Financial and Operating Guidance
CALGARY, ALBERTA--(Marketwired - Nov. 17, 2014) - Kelt Exploration Ltd. (TSX:KEL) ("Kelt" or the "Company") is pleased to provide 2015 financial and operating guidance and comparisons to the Company's 2014 forecast which is summarized in the following table: 2014 Forecast 2015 Guidance Percent Change Average Production Oil (bbls/d) 3,400 5,800 71 % NGLs (bbls/d) 950 1,310 38 % Gas [Read more]
Exall Energy Corporation announces results for the three and nine months ended September 30, 2014
CALGARY, Nov. 17, 2014 /CNW Telbec/ - Exall Energy Corporation ("Exall" or the "Company") (TSX:EE and TSX:EE.DB) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2014. Exall's public filings can all be found at www.exall.com or www.sedar.com. Highlights: A third quarter 2014 production average of 656 boe per day for a 9 month production average of 795 boe per day, Production was negatively affected by the shut in of [Read more]
Manitok Energy Inc. Announces Financial Results for the Third Quarter of 2014 and an Operational and 2014 Guidance Update
CALGARY, ALBERTA--(Marketwired - Nov. 17, 2014) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) announces its financial and operating results for the third quarter of 2014 and an operational and 2014 guidance update. The full text of Manitok's third quarter report containing its unaudited condensed interim financial statements as at and for the three and nine months ended September 30, 2014 and the related management's discussion and analysis are available [Read more]
Alberta legislature resumes amid low oil, critics eye return of bitumen bogeyman
EDMONTON - Alberta's provincial politicians begin their fall session this week with a reset legislative agenda and a new premier madly crunching numbers under the Damoclean sword of plunging oil prices.Opposition critics, meanwhile, say low oil means Albertans better brace for an encore of the bitumen bogeyman and opening night of the great Prentice promise pullback.The session begins Monday with a speech from the throne to outline the priorities and goals of Premier Jim Prentice's Progressive [Read more]