CALGARY, ALBERTA--(Marketwired - Jan. 6, 2017) - Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) announces that it has closed its previously announced sale of a non-convertible 4.0% gross overriding royalty interest on its Lindbergh thermal assets and an interest in certain proprietary seismic for $250 million of aggregate cash proceeds. The cash proceeds from the transaction help to further strengthen the Company's balance sheet. Pengrowth has been working on enhancing its financial [Read more]
Headlines
PrairieSky Closes Royalty Acquisition and Bought Deal Equity Financing
CALGARY, ALBERTA--(Marketwired - Jan. 6, 2017) - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX:PSK) is pleased to announce it has completed its previously announced acquisition of a 4% Gross Overriding Royalty on current and future phases of Pengrowth Energy Corporation's Lindbergh SAGD thermal oil project, as well as seismic over certain lands in British Columbia and Alberta, for total cash consideration of $250 million. The Company also completed the previously announced [Read more]
Zargon Oil & Gas Ltd. Announces Proposal to Amend Its Convertible Unsecured Subordinated Debentures
CALGARY, ALBERTA--(Marketwired - Jan. 6, 2017) - Zargon Oil & Gas Ltd. (the "Company" or "Zargon") (TSX:ZAR)(TSX:ZAR.DB) announced today that it will seek the approval of holders (the "Debentureholders") of its 6.00% convertible unsecured subordinated debentures due June 30, 2017 (the "Debentures") to amend certain terms of the Debentures at a meeting of Debentureholders expected to be held in February of 2017 (the "Meeting"). Debenture Amendments: The proposed amendments (the [Read more]
Pine Cliff Energy Ltd. Announces Resignation of CFO and Appointment of New CFO
CALGARY, ALBERTA--(Marketwired - Jan. 5, 2017) - Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX:PNE) announces the resignation of Kristi Kunec, Chief Financial Officer and Corporate Secretary, effective January 16, 2017. The Company would like to thank Ms. Kunec for her leadership and contributions during her tenure and wish her all the best in the future. Effective January 16, 2017, Pine Cliff's Board of Directors have appointed Cheryne Lowe as Chief Financial Officer and [Read more]
Montana Exploration Corp. Oil Completion Results
CALGARY, Jan. 5, 2017 /CNW/ - Montana Exploration Corp. ("Montana Exploration" or the "Company") (TSXV: MTZ) today announced that the Company has, thus far, completed two of five vertical wells drilled and cased under the Company's current five well Montana program. The two wells were perforated and successfully swab tested for oil production from the Upper Shaunavon. Production was 100% oil and rates are expected to meet or exceed type curves for historical Upper Shaunavon production in the [Read more]
Pembina Pipeline Corporation Receives Approvals for North East British Columbia Expansion
CALGARY, Jan. 5, 2017 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) has received regulatory approval for and initiated construction on its previously announced $235 million expansion of its pipeline infrastructure in northeast British Columbia ("B.C.") (the "NEBC Expansion" or "the Project"). "With regulatory sanctioning of the NEBC Expansion, we have secured approvals for the majority of the projects within our conventional pipelines business," said [Read more]
Painted Pony Achieves 2016 Exit Production of more than 240 MMcfe/d (40,000 boe/d), Announces Operational Update and Attendance at the TD Securities London Energy Conference
CALGARY, Jan. 5, 2017 /CNW/ - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Corporation") (TSX: PPY) is pleased to announce that production volumes, based on field estimates, averaged over 240 MMcfe/d (40,000 boe/d) during the month of December 2016 with liquids making up approximately 9% of total production volumes or more than 3,600 bbls/d. Exiting 2016 with production volumes at these levels was a significant goal for Painted Pony and one which, in conjunction with the commissioning of [Read more]
Enbridge Announces 10 Percent Quarterly Dividend Increase
CALGARY, ALBERTA--(Marketwired - Jan. 5, 2017) - Enbridge Inc. (TSX:ENB)(NYSE:ENB) ("Enbridge" or the "Company") announced today that its Board of Directors has declared a quarterly dividend of $0.583 per common share, payable on March 1, 2017 to shareholders of record on February 15, 2017. The declared dividend represents a 10 percent increase from the prior quarterly rate and the twenty-second consecutive year in which the Company has increased its common share dividend. "The dividend [Read more]
Manitok Energy Inc. Announces Resignation of Chief Operating Officer and Re-Aligned Management Responsibilities
CALGARY, ALBERTA--(Marketwired - Jan. 5, 2017) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) announces the resignation of Cameron Vouri from his position of Vice President and Chief Operating Officer effective immediately. Mr. Vouri accepted the position as Manitok's COO in September 2013 in order to assist the Corporation's transition from a single core area operational focus to a multiple core area operational strategy. With the successful transition completed, Mr. [Read more]
Whitecap Resources Inc. Announces Closing of Senior Secured Notes and Provides Operational Update
CALGARY, Jan. 5, 2017 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has closed an issuance of Cdn$200 million senior secured notes which have an annual coupon rate of 3.46% and mature on January 5, 2022. The notes were issued by way of a private placement, pursuant to a note purchase and private shelf agreement, and rank equally with Whitecap's obligations under its bank facilities. Proceeds from the notes will be used to repay a portion [Read more]