CALGARY, Alberta, May 30, 2018 (GLOBE NEWSWIRE) -- Strategic Oil & Gas Ltd. (TSXV:SOG) (“Strategic” or the “Company”) is pleased to announce that Amanda Reitenbach will be joining the Company as Vice-President, Development and Operations effective July 9, 2018. Ms. Reitenbach was most recently development manager for the Cardium and Deep Basin operating unit at an intermediate publicly traded oil and gas company, where she was successful in building a high performance technical team and [Read more]
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Leucrotta Announces Q1 2018 Financial and Operating Results
CALGARY, Alberta, May 30, 2018 (GLOBE NEWSWIRE) -- LEUCROTTA EXPLORATION INC. (TSXV:LXE) (“Leucrotta” or the “Company”) is pleased to announce its financial and operating results for the three months ended March 31, 2018. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Increased production 122% to 4,180 boe/d in Q1 2018 from 1,881 boe/d in Q1 2017 (increased 10% from 3,802 boe/d in Q4 2017). Increased adjusted funds flow 393% to $6.4 million in Q1 2018 from $1.3 [Read more]
2018 Global Petroleum Show: Last Chance to Register Before June 1st!
Marquee Energy Ltd. Announces First Quarter 2018 Financial and Operating Results
CALGARY, May 29, 2018 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQX") is pleased to report its operational and financial results for the three months ended March 31, 2018. The Company's Financial Statements as well as the corresponding Management's Discussion and Analysis for the three months ended March 31, 2018 are available on its website www.marquee-energy.com as well as on SEDAR at www.sedar.com. Q1 2018 HIGHLIGHTS Brought five new horizontal Banff wells on [Read more]
Keyera Proceeding With Phase Two of its Wapiti Gas Plant
CALGARY, May 29, 2018 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") today announced it is proceeding with phase two of its Wapiti Gas Plant (the "Plant"), adding 150 million cubic feet per day of sour gas processing to the Plant, which is currently under construction south of Grande Prairie, Alberta. Based on current plans, construction of this second phase is expected to be completed in mid-2020 at an estimated cost of approximately $150 million. In connection with construction of the second [Read more]
Cation Capital Comments on Crescent Point Energy’s New Transformation Plan
Notes that Crescent Point Has Adopted Key Elements of Cation’s Call for Change, Less than a Month After Vigorously Opposing It Credits Positive Developments at Crescent Point to Shareholders who Voted for Change CALGARY, Alberta--(BUSINESS WIRE)--#CPG--Cation Capital Inc. (“Cation Capital” or “Cation”), a private investment firm and shareholder of Crescent Point Energy Corp. (TSX/NYSE: CPG) (“Crescent Point” or the “Company”), today issued the following statement, following today’s [Read more]
Iron Bridge Board of Directors to Review Unsolicited Tender Offer from Velvet Energy
Shareholders Advised to Take No Action Pending Review of Offer CALGARY, Alberta--(BUSINESS WIRE)--$IBR #IronBridge--Iron Bridge Resources Inc. (“Iron Bridge”, “IBR” or the “Company”) (TSX: IBR) today confirmed that Velvet Energy Ltd. (“Velvet Energy”) has commenced an unsolicited tender offer to acquire all the issued and outstanding common shares of IBR at a price of $0.75 per share in cash (the “Velvet Offer”). The Iron Bridge Board of Directors, in consultation with independent financial [Read more]
Cequence Energy Provides Credit Facility Update
CALGARY, May 29, 2018 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company'') (TSX: CQE) is pleased to announce the Company has extended its Senior Credit borrowing capacity with its Syndicate of Lenders. The borrowing base has been reduced to $9 million (previously $12 million) with an extension term until July 31, 2018. The Company remains undrawn on its Senior Credit facility other than approximately $1.5 million in letters of credit. As at March 31, 2018, the Company had $74.5 million [Read more]
Connacher Announces Q1 2018 Results
CALGARY, May 29, 2018 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its financial and operating results for the three months ended March 31, 2018 ("Q1 2018") (all amounts are in Canadian dollars unless otherwise noted). Q1 2018 Highlights Financial Q1 2018 revenue, net of royalties, decreased 28% to $33.9 million (Q1 2017 - $46.9 million), primarily due to unfavourable fixed price sales agreements and increased index exposure to the Western Canadian [Read more]
Canada pension funds may be long-term buyers of Kinder pipeline
TORONTO, May 29 (Reuters) - Canada’s biggest public pension funds could be long-term buyers of Kinder Morgan Canada Ltd’s Trans Mountain pipeline but are unlikely to invest until the $7.4 billion project has been built, several pension fund sources said on Tuesday. The Canadian government said on Tuesday it will buy the Trans Mountain assets for $4.5 billion, hoping to salvage a project that faces formidable political and environmental opposition. The pipeline is intended to move Canadian [Read more]