CALGARY, ALBERTA--(Marketwired - March 3, 2015) - Pan Orient Energy Corp. (TSX VENTURE:POE), on behalf of its 71.8% owned subsidiary Andora Energy Corporation ("Andora"), is pleased to release the December 31, 2014 National Instrument 51-101 compliant resource evaluation for Andora's oil sands project at Sawn Lake Alberta, Canada, as evaluated by Sproule Unconventional Limited ("Sproule"). The evaluation included all of Andora's Oil Sands Leases at Sawn Lake based on exploitation using Steam [Read more]
News
Crew Energy Inc. Announces Closing of Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - March 3, 2015) - Crew Energy Inc. (TSX:CR) of Calgary, Alberta ("Crew" or the "Company") today announced that it has closed its previously announced bought deal financing (the "Offering"). A total of 16,667,000 common shares of Crew have been issued at a price of $6.00 per share for gross proceeds of approximately $100 million. The Offering was made through a syndicate of underwriters co-led by GMP Securities L.P. and TD Securities Inc. Crew Energy Inc. is [Read more]
Cenovus announces closing of $1.5 billion bought-deal common share financing
CALGARY, March 3, 2015 /CNW/ - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) ("Cenovus") has closed its previously announced bought-deal common share financing. A total of 67.5 million common shares were sold at a price of $22.25 per share (the "Offering") for gross proceeds of approximately $1.5 billion. Cenovus intends to use the net proceeds from the Offering to partially fund the company's previously announced $1.8 billion to $2.0 billion capital expenditure program for 2015, to repay [Read more]
Athabasca Oil Corporation Announces Receipt of $302.5 Million from Brion Energy Corporation; Conference Call Advisory for 2014 Year-end Results
CALGARY, March 2, 2015 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") announces that it has received payment of $302.5 million from Phoenix Energy Holdings Limited (now Brion Energy Corporation, "Brion"), being the principal and interest payable under the first of three promissory notes issued to the Company by Brion. The payment relates to Athabasca's prior sale of its 40% interest in the Dover oil sands project to Brion, which closed on August 29, 2014. The [Read more]
Warren Buffett criticizes Keystone XL delay, says U.S. ‘thumbing nose’ at Canada
WASHINGTON - The Keystone XL pipeline got an emphatic endorsement Monday from a powerful backer of President Barack Obama who questioned the handling of the file.To billionaire investor Warren Buffett, the delay is a thumbing of the nose at Canada."I would have passed Keystone," Buffett said in an interview with CNBC. "I think that we have an enormous interest in working with Canada, as they have in working with us. That oil is going to get sold. If we make it more difficult for them, who knows [Read more]
Husky Energy’s 2014 Reserves Replacement Outpaces Production
CALGARY, AB--(Marketwired - March 02, 2015) - Highlights: Proved reserves replacement of 115 percent (111 percent including economic factors) in 2014 Average proved four-year reserves replacement ratio of 157 percent (143 percent including economic factors) 1.3 billion barrels of oil equivalent (boe) total proved reserves before royalties Proved reserves life index of 10.3 years Husky Energy's (TSX: HSE) reserves growth continued to outpace production in 2014, reflecting the [Read more]
Tuscany’s 2014 Year End Reserves Increase 27% to 2.86 Million BOE; NPV10 Increases 58% to $61.9 MM on Higher Reserves and Lower Operating Costs
CALGARY, ALBERTA--(Marketwired - March 2, 2015) - Tuscany Energy Ltd. (TSX VENTURE:TUS) ("Tuscany" or the "Company") is pleased to announce the results of its independent reserves evaluation and estimate effective December 31, 2014. Conducted by McDaniel and Associates Consultants Ltd. ("McDaniel"), the reserves report (the "McDaniel Report") shows growth year-over-year in both reserve volumes and net present value. 2014 Highlights 58% increase in net present value to $61.9 MM (before tax [Read more]
TransCanada Closes $250 Million Preferred Share Issue
CALGARY, ALBERTA--(Marketwired - March 2, 2015) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it has completed its public offering of cumulative redeemable first preferred shares, series 11 (the "Series 11 Preferred Shares"). TransCanada issued 10 million Series 11 Preferred Shares for aggregate gross proceeds of $250 million through a syndicate of underwriters co-led by Scotiabank and RBC Capital Markets. The net proceeds of the offering will be used for [Read more]
Stonehaven Reports Issuance of Stock Options
CALGARY, ALBERTA--(Marketwired - Feb. 27, 2015) - Stonehaven Exploration Ltd. ("Stonehaven" or the "Company") (TSX VENTURE:SE) reports that it has issued an aggregate of 715,200 options to purchase common shares of the Company to certain directors, officers and employees of the Company in accordance with the Company's stock option plan. The options are exercisable at a price of $1.40 per share and expire five years from the date of grant. Stonehaven holds an interest in 20 gross sections [Read more]
Vermilion Energy Inc. Announces 2014 Year-End Summary Reserves and Resource Information
CALGARY, Feb. 27, 2015 /CNW/ - Vermilion Energy Inc. ("Vermilion", the "Company", "We" or "Our") (TSX, NYSE: VET) is pleased to announce summary 2014 year-end reserves and resource information. The estimates of reserves and resources and other oil and gas information contained in this news release has been estimated by GLJ Petroleum Consultants Ltd. ("GLJ") and prepared in accordance with National Instrument 51-101 "Standards of Disclosure for Oil and Gas Activities" of the Canadian Securities [Read more]