CALGARY, ALBERTA--(Marketwired - Feb. 25, 2015) - Rock Energy Inc. ("Rock" or the "Company") (TSX:RE) is pleased to announce that it has closed its previously announced bought deal financing. A total of 5,600,000 common shares of Rock ("Common Shares") have been issued at a price of $2.35 per Common Share for gross proceeds of $13,160,000. The underwriters have the option to purchase up to an additional 840,000 Common Shares at a price of $2.35 per Common Share to cover over-allotments, if any, [Read more]
News
Kelt Announces $28.4 Million CDE Flow-Through Equity Financing
CALGARY, AB--(Marketwired - February 25, 2015) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") has determined to issue, by way of a non-brokered private placement, 3.3 million common shares on a "flow-through" basis in respect of Canadian development expenses ("CDE") at a price of $8.60 per share (the "Private Placement"), resulting in gross proceeds of $28.4 million. The flow-through share issue is priced at a 10% premium to the volume weighted average trading price of Kelt's [Read more]
TransCanada Announces Agreement to Sell Remaining 30 Per Cent Interest in GTN to TC PipeLines, LP
CALGARY, ALBERTA--(Marketwired - Feb. 25, 2015) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it has entered into an agreement to sell its remaining 30 per cent interest in Gas Transmission Northwest LLC (GTN) to its master limited partnership, TC PipeLines, LP (NYSE:TCP) (the Partnership). "This agreement is part of TransCanada's long-term strategy to drop down our remaining U.S. natural gas pipeline assets to the Partnership on a more sizable and [Read more]
Marquee Energy Ltd. announces strategic acquisition to further consolidate core Michichi area
CALGARY, Feb. 25, 2015 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: MQL) is pleased to announce that it has entered into an agreement to acquire light oil assets complementary to the Company's existing core asset base and infrastructure at Michichi. The strategic acquisition (the "Acquisition") includes approximately 330 boe/d (79% oil & NGLs) and 34 net sections of land containing Banff rights that are contiguous with Marquee's position in the area. Consideration is [Read more]
Encana Reports Strong Performance in 2014, Reduces 2015 Capital
CALGARY, AB--(Marketwired - February 25, 2015) - Encana (TSX: ECA) (NYSE: ECA) Encana reported strong results from a transformative 2014 in which the company restructured its organization, transformed its portfolio and delivered solid operational results. The company delivered on all of its strategic targets and achieved enduring efficiency improvements throughout the business. Highlights include: Average annual liquids production of 86,800 barrels per day (bbls/d) up 61 percent from [Read more]
Alberta premier says Keystone XL battle goes on despite veto by President Obama
EDMONTON - Alberta Premier Jim Prentice says the struggle over Keystone XL is not over, even with the veto of a bill approving the transcontinental pipeline.Prentice says the pipeline is ultimately in the best interests of both Canada and the United States, and says he believes that view will ultimately prevail.He says North America is an integrated energy market and that without a pipeline, Canadian oil will continue to enter the U.S. by rail.Prentice made the comments after U.S. President [Read more]
Timeline: Key dates in the history of the proposed Keystone XL pipeline project
U.S. President Barack Obama on Tuesday vetoed a bill that would have approved construction of the privately funded Canadian Keystone XL oil pipeline. The $8 billion project from Calgary-based TransCanada Corp. (TSX:TRP) would connect Canada's oilsands to Gulf Coast refineries. Republicans in the U.S. indicated Tuesday they would continue to fight for the project, which was first proposed in 2008, and the Canadian government expressed confidence that approval would come eventually. Here are some [Read more]
Seven Generations Energy Ltd. Reports 2014 Year-end Reserves and Updates Business Plan
CALGARY, Feb. 24, 2015 /CNW/ - Seven Generations Energy Ltd. ("7G" or the "Company") (TSX: VII) is pleased to report the results of its December 31, 2014 independent reserve assessment prepared by McDaniel & Associates Consultants Ltd. in accordance with Canadian reporting standards. The report follows the most recent report with an effective date of July 1, 2014, which was prepared for the Company's Initial Public Offering that closed in November 2014. Effective Date July 1, [Read more]
Border Announces Quarterly Financial Filing and New Personnel
CALGARY, ALBERTA--(Marketwired - Feb. 24, 2015) - Border Petroleum Limited ("Border" or the "Corporation") (TSX VENTURE:BOR) announces financial results for its third quarter ended December 31, 2014. The unaudited condensed consolidated interim financial statements and management's discussion & analysis ("MD&A") have been filed on SEDAR and can be viewed at www.sedar.com. FINANCIAL OVERVIEW Certain selected financial and operational information for the quarter ended December 31, [Read more]
PrairieSky Royalty Announces Executive Retirement
CALGARY, ALBERTA--(Marketwired - Feb. 24, 2015) - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX:PSK) announces that L. Geoffrey Barlow, Vice President, Finance & Chief Financial Officer is retiring from the Company. James Estey, the Chairman of the Board of Directors of PrairieSky, stated, "On behalf of the Board and the entire Company I would like to recognize and thank Geoff for his many contributions to PrairieSky. Under Geoff's stewardship PrairieSky has achieved [Read more]