CALGARY, ALBERTA--(Marketwired - Nov. 29, 2016) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to announce that it has closed its previously announced best efforts offering (the "Offering") for total aggregate proceeds of approximately $5.05 million, completed by way of a short form base shelf prospectus as supplemented by the Corporation's prospectus supplement dated November 22, 2016. In connection with the Offering, Manitok issued: (a) 7,562,923 [Read more]
Headlines
Over $1.2 billion in Viking deals so far this year, see how it compares to other plays
Yesterday's light oil asset acquisition by Raging River added another $58 million to a substantial sum of deals in Viking play this year. So far in 2016, $1.27 billion worth of transactions has closed with an additional $433 million announced. The Viking has indeed been a sought after play, however, the Montney remains the most active play for M&A activity in western Canada with $2.3 billion in deals completed year-to-date. The Williston Basin and Shaunavon have seen approximately $500 [Read more]
Marquee Energy Ltd. and Alberta Oilsands Inc. Announce Settlement With Smoothwater Capital
CALGARY, AB--(Marketwired - November 29, 2016) - Marquee Energy Ltd. ("Marquee") (TSX VENTURE: MQL) and Alberta Oilsands Inc. ("AOS") (TSX VENTURE: AOS) are pleased to announce that they have reached a settlement with Smoothwater Capital Corporation ("Smoothwater") in respect of Smoothwater's prior opposition to the proposed acquisition of Marquee by AOS through a plan of arrangement involving Marquee, its shareholders and AOS (the "Arrangement") and the completion of the short-form vertical [Read more]
Advantage Announces 2017 Budget and Development Plan
2017 Budget Includes 17% Production Growth, Upsized Glacier Gas Plant Expansion to 400 MMCF/D & $205 Million Capital Program (TSX: AAV, NYSE: AAV) CALGARY, Nov. 28, 2016 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce that its Board of Directors ("Board") has approved a 2017 capital budget and development plan estimates for 2018 and 2019. Advantage's 2017 through 2019 investment will continue with the profitable and sustainable growth of [Read more]
Raging River Exploration Inc. Announces $58 Million Dodsland Viking Property Acquisition
CALGARY, ALBERTA--(Marketwired - Nov. 28, 2016) - Raging River Exploration Inc. ("Raging River" or the "Company") (TSX:RRX) announces that it has closed a Viking consolidation transaction (the "Acquisition") from an arm's length energy producer. The Company acquired approximately 620 boe/d (97% light oil) of production and 24 net sections of land prospective for Viking light oil, for total cash consideration of approximately $58 million subject to customary closing adjustments. ACQUISITION [Read more]
Northern Blizzard Resources Inc. Announces $58 million Non-Core Asset Sale
CALGARY, Nov. 28, 2016 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard") (TSX: NBZ) is pleased to announce that it has completed the sale of certain non-core Viking light-oil assets in the Coleville area of Saskatchewan for cash consideration of $58.0 million (before customary purchase price adjustments). The asset sale had an effective date of October 1, 2016 and closed on November 28, 2016. Effective December 31, 2015, Northern Blizzard's independent reserves evaluators [Read more]
Savanna Provides Update to AIMCo Financing
CALGARY, ALBERTA--(Marketwired - Nov. 28, 2016) - Savanna Energy Services Corp. ("Savanna") (TSX:SVY) announces that Alberta Investment Management Corporation ("AIMCo") has advised it that AIMCo does not intend to consent to a change of control of Savanna that may result from Total Energy Services Inc.'s previously announced intention to make an offer for the outstanding common shares of Savanna (the "Common Shares"). In the event of a change of control within six months of the closing date of [Read more]
New rules for Saskatchewan pipelines after Husky oil spill into river
REGINA - Saskatchewan is proposing tougher rules for pipelines following an oil spill into the North Saskatchewan River that jeopardized the drinking water of thousands of people. Legislation introduced Monday would establish new inspection, investigation and compliance powers for government staff, as well as update and modernize penalties. It would also provide requirements for financial assurance from operators for pipelines in high-risk locations such as water crossings. [Read more]
Alberta on track for $10.8B deficit, but 25,000 jobs added: finance minister
EDMONTON - Alberta's fiscal outlook for this year is a tiny bit better, but still billions of dollars in the red. Finance Minister Joe Ceci says the estimated deficit for this year has been revised to $10.8 billion, slightly lower than the $10.9 billion forecast three months ago. "(It's) a small but measurable improvement," Ceci told reporters at the legislature Monday as he gave the second-quarter update for the 2016-17 budget. Ceci said there are signs that an economy [Read more]
Traverse Energy Ltd. Announces Increase in Size of Private Placement Financing
CALGARY, ALBERTA--(Marketwired - Nov. 28, 2016) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) reports that due to the oversubscription of its previously announced non-brokered private placement, the Corporation is increasing the size of its private placement and will now issue up to 8 million common shares for total gross proceeds of $3,536,000. Of the total number of common shares to be issued by the Corporation (i) up to 2.4 million common shares will be issued at $0.40 per [Read more]