CALGARY, ALBERTA--(Marketwired - Nov. 23, 2016) - Relentless Resources Ltd. ("Relentless" or "the Company") (TSX VENTURE:RRL) announces that it has issued its September 30, 2016 unaudited condensed interim financial statements and related MD&A. Additional information about Relentless is available on SEDAR at www.sedar.com or on the Company`s website at www.relentless-resources.com. Relentless averaged 159 boed (59% oil and liquids) in Q3 2016, down 44% from the same period last year. [Read more]
Headlines
Prairie Provident Announces Terms of Up to $5.3 Million Flow-Through Equity Financing
CALGARY, ALBERTA--(Marketwired - Nov. 23, 2016) - Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") is pleased to announce the price and terms of its previously announced overnight marketed equity offering (the "Offering"). The Offering is comprised of: (i) up to 5,882,353 common shares of the Company ("Common Shares") to be issued as "flow-through shares" with respect to "Canadian exploration expenses" ("CEE Flow-Through Shares") within the meaning of the Income Tax Act [Read more]
Hemisphere Energy announces 90 day results from its Atlee Buffalo G Pool Well and waterflood success at its Atlee Buffalo F Pool
TSX-V: HME - VANCOUVER, Nov. 23, 2016 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") is pleased to announce the results of its summer Atlee Buffalo development well which has now been on production for over 90 days, and an update on overall corporate production which is currently at approximately 640 boe/d (91% oil). Hemisphere's first horizontal well into the Atlee Buffalo Upper Mannville G pool, drilled in July 2016, has averaged just over 60 boe/d (100% [Read more]
Success Energy Ltd. Light Oil Property Offering
Success Energy Ltd. has retained CB Securities Inc. as its exclusive advisor for the sale of its Inga light oil property and its Meekwap light oil property. This is an invitation to submit a Non-Binding Bid by December 14, 2016. Inga Oil Property Summary 90% operated working interest in a very long life well producing 9 Bbls/day of 38° API oil Annual net operating income is ~$49k/year based on $60/Bbl light oil price Annual income can be increased by $45k/year with the buyout of [Read more]
Enbridge Announces Closing of $750 Million Preferred Share Offering
CALGARY, ALBERTA--(Marketwired - Nov. 23, 2016) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) ("Enbridge" or the "Company") today announced that it has closed its previously announced public offering of Cumulative Redeemable Minimum Rate Reset Preference Shares, Series 17 (the "Series 17 Preferred Shares") by a syndicate of underwriters led by TD Securities Inc., CIBC Capital Markets, Scotiabank, and RBC Capital Markets. Enbridge issued 30 million Series 17 Preferred Shares for gross proceeds of $750 [Read more]
Arrangement Involving Marquee Energy Ltd. and Alberta Oilsands Inc. Conditionally Approved by TSX Venture Exchange
CALGARY, AB--(Marketwired - November 23, 2016) - Marquee Energy Ltd. ("Marquee" or the "Company") (TSX VENTURE: MQL) announces that the TSX Venture Exchange (the "TSXV") has provided its conditional approval of the proposed acquisition of Marquee by Alberta Oilsands Inc. ("AOS") through a plan of arrangement involving Marquee, its shareholders and AOS (the "Arrangement"). For more information on the Arrangement, please see the Company's press release dated August 19, 2016 and the arrangement [Read more]
Manitok Announces Pricing and Anticipated Proceeds from Flow-Through and Common Share Offering
CALGARY, ALBERTA--(Marketwired - Nov. 23, 2016) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to announce that in connection with its previously announced best efforts offering (the "Offering"), it anticipates gross proceeds to be raised under the Offering to be approximately $5.05 million, subject to any exercise of applicable statutory rights of withdrawal and rescission by the purchasers as disclosed in the prospectus supplement dated November 22, 2016 to [Read more]
Leucrotta Exploration Announces Q3 2016 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Nov. 23, 2016) - LEUCROTTA EXPLORATION INC. (TSX VENTURE:LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2016. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Maintained a working capital balance of $37.9 million, including cash of $41.4 million, at September 30, 2016 Commenced fall capital program that includes drilling 3 wells [Read more]
Blackbird Energy Inc. Announces Closing of 10% Stage Completions Inc. Acquisition and Spud of 3-28 Elmworth Montney Well
CALGARY, ALBERTA--(Marketwired - Nov. 23, 2016) - Editor's Note: There is one photo associated with this news release. Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is pleased to announce the closing of the previously announced acquisition of an indirect 10% minority interest in Stage Completions Inc. ("Stage") for a cash purchase price of $3.0 million (the "Stage Acquisition"), the spud of its previously announced 3-28-70-7W6 ("3-28") Elmworth Upper Montney well [Read more]
Lightstream Announces Successful Bid Under CCAA Sale Procedures
CALGARY, ALBERTA--(Marketwired - Nov. 22, 2016) - Lightstream Resources Ltd. (the "Company" or "Lightstream") announces that the sale procedures under the Companies' Creditors Arrangement Act ("CCAA") have concluded and that the credit bid ("Credit Bid") submitted by the ad hoc committee of holders of approximately 91.5% of the Company's 9.875% second lien secured notes due 2019 is the successful bid. In accordance with the sale procedures, the Company will seek to implement the Credit Bid by [Read more]