CALGARY, ALBERTA--(Marketwired - April 6, 2017) - Raging River Exploration Inc. (the "Company" or "Raging River") (TSX:RRX) is providing the following response in regards to recent market speculation on the appointment of a financial advisor by the Company. As part of our normal business practice, Raging River has previously and will continue to engage financial advisors to assist in the execution of its long term business plan. GMP Securities L.P. ("GMP FirstEnergy") had been engaged as a [Read more]
Headlines
Palliser Q2 2017 Prospects
Palliser Q2 2017 Prospects Heritage Resource Limited Partnership referred to as “Heritage” is marketing fee simple mineral rights for Farmout/Lease with respect to three Mannville prospect areas on the Palliser Block. The prospect areas identify horizontal development opportunities in the Mannville Group by using subsurface analog data. Highlights Palliser South – Tide Lake T17/18 R11/12 W4M Up to 42 Sections Available PNG in Mannville* Partial 3D Seismic coverage available [Read more]
Leucrotta Exploration Inc. Increases Size of Bought Deal Financing to $80 Million
CALGARY, ALBERTA--(Marketwired - April 6, 2017) - Leucrotta Exploration Inc. ("Leucrotta" or the "Company") (TSX VENTURE:LXE) is pleased to announce that in connection with its April 5, 2017 announced Bought-Deal Financing (the "Bought Deal Financing"), Leucrotta has entered into a revised agreement with the syndicate of Underwriters (the "Underwriters"), co-led by Haywood Securities Inc. and National Bank Financial Inc., pursuant to which the Underwriters have agreed to increase the size of the [Read more]
Benchmarking in the Alberta Engineering Industry
Wondering how your engineering firm stacks up against the rest? For most private entities, this kind of information isn’t always easy to find. BDO Canada LLP would like to invite you to a FREE 30-minute webinar to provide insight into Alberta’s engineering industry and how benchmarking can help identify potential risks and opportunities. This webinar will discuss: Key metrics for the industry Recent trends in the market Benchmarking Insights Date: Tuesday, April 11th Time: [Read more]
Front Range Reports Petroleum Initially-in-Place of 1.8 TCF at Its Pepper, Alberta Montney Property
CALGARY, AB--(Marketwired - April 06, 2017) - Front Range Resources Ltd. ("Front Range" or the "Company") (TSX VENTURE: FRK) reports the results of the Resource Assessment of its Pepper, Alberta property effective as at March 31, 2017 (the "Resource Report"), as evaluated by GLJ Petroleum Consultants ("GLJ"), an independent qualified reserves evaluator, in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities and the Canadian Oil and Gas Evaluation [Read more]
Cenovus announces closing of $3.0 billion bought-deal common share financing
CALGARY, AB --(Marketwired - April 06, 2017) - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) ("Cenovus") has closed its previously announced bought-deal common share financing. A total of 187.5 million common shares ("Common Shares") were sold at a price of $16.00 per share (the "Offering") for gross proceeds of $3.0 billion. The Offering was made through a syndicate of underwriters led by RBC Capital Markets and J.P. Morgan. Cenovus intends to use the net proceeds from the Offering to finance a [Read more]
Deepwater Horizon Investigation Chair, Captain Hung Nguyen, to Keynote at Calgary Energy Summit this June 5-7
Captain Hung Nguyen, Former U.S. Coast Guard Captain and Co-chair, Deepwater Horizon Joint Investigation Team to Keynote at the Operational Excellence in Energy, Chemicals & Resources Summit taking place this June 5-7 in Calgary. In 2010, just seven days after the Deepwater Horizon explosion, U.S. Coast Guard Captain Hung Nguyen was designated as the co-chair for the US Department of Homeland Security and Interior joint investigation into the incident that killed 11 workers and resulted [Read more]
Big deficit but no tax hikes expected in Newfoundland and Labrador as low oil hammers budget
ST. JOHN'S, N.L. - It's budget day in Newfoundland and Labrador, and many will be watching for spending cuts to reduce an expected deficit of almost $1.6 billion. Finance Minister Cathy Bennett has repeatedly said there won't be new tax or fee hikes. Approval ratings for the governing Liberals nose-dived after their first budget last April raised taxes on everything from gasoline to books. When asked if those measures will be lifted, Bennett has said the government will review its tax [Read more]
Leucrotta Exploration Inc. Announces a Strategic Montney Land Acquisition and a $50 Million Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - April 5, 2017) - Leucrotta Exploration Inc. ("Leucrotta" or the "Company") (TSX VENTURE:LXE) is pleased to announce that it has entered into agreements with public Alberta based oil and gas companies to acquire 18.5 net sections of land located within Leucrotta's higher confidence mapping area(1) encompassing 116 gross (105 net) sections of the Lower Montney Turbidite Light Oil Resource Play (the "Lands") (see detailed Press Release dated April 4, 2017) for $36 [Read more]
Canadian oil sands are stealing the M&A show
Canadian oil sands are stealing the M&A show in 2017. A total of US$24 billion worth of deals have been announced in the Canadian oil sands sector since December 2016. Statoil and Marathon have exited, Shell has all but exited and now ConocoPhillips has sold its most valuable assets (it will retain its 50% operated stake in Surmont). These deals have allowed oil sands specialists to consolidate portfolios, with the aim of improving operational and capital efficiency around advantaged [Read more]