EDMONTON, Aug. 10, 2016 /CNW/ - Alberta Investment Management Corporation ("AIMCo") is pleased to announce that it has successfully entered into a strategic financing relationship with Pine Cliff Energy Ltd. ("Pine Cliff") (TSX: PNE), on behalf of certain of its clients. Pine Cliff is an Alberta-based energy producer focused on a low risk, natural gas asset consolidation strategy in Western Canada. The company offers one of the highest exposures to movements in natural gas pricing as a [Read more]
Headlines
Chinook Energy Inc. Announces Second Quarter 2016 Results
CALGARY, ALBERTA--(Marketwired - Aug. 10, 2016) - Chinook Energy Inc. ("our", "we", "us" or "Chinook") (TSX:CKE) is pleased to announce its second quarter financial and operating results. Our operational and financial highlights for the three and six months ended June 30, 2016 are noted below and should be read in conjunction with our condensed consolidated financial statements for the three and six months ended June 30, 2016 and 2015 and related management's discussion and analysis which have [Read more]
Painted Pony Announces Second Quarter 2016 Financial and Operating Results and Operational Update
CALGARY, Aug. 10, 2016 /CNW/ - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Corporation") (TSX: PPY) is pleased to announce second quarter 2016 financial and operating results. HIGHLIGHTS: Average daily production volumes during the second quarter of 2016 were 99.8 MMcfe/d (16,634 boe/d), an increase of 6% compared to 93.7 MMcfe/d (15,622 boe/d) during the second quarter of 2015; Second quarter 2016 cash flow was $11.1 million ($0.11 per share), an increase of 4% when compared [Read more]
Bonterra Energy Corp. Announces Second Quarter 2016 Results
CALGARY, ALBERTA--(Marketwired - Aug. 10, 2016) - Bonterra Energy Corp. ("Bonterra" or "the Company") (TSX:BNE) is pleased to announce its operating and financial results for the three and six months ended June 30, 2016. The related unaudited condensed financial statements and notes, as well as management's discussion and analysis (MD&A), are available on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and on Bonterra's website at [Read more]
Lone Pine Resources Announces Securityholder Meetings and Joint Information Circular for Business Combination With Arsenal Energy Inc.
CALGARY, AB--(Marketwired - August 10, 2016) - Lone Pine Resources Canada Ltd. ("Lone Pine") is pleased to confirm that a special meeting of its securityholders will be convened on September 8, 2016 to consider and vote upon the previously-announced business combination of Lone Pine and Arsenal Energy Inc. ("Arsenal") by way of an arrangement under the Business Corporations Act (Alberta) (the "Arrangement"). A joint information circular of Lone Pine, Lone Pine Resources Inc. and Arsenal dated [Read more]
90 North American Oil Companies Went Bust In Just 20 Months
Ninety North America oil and natural gas companies have gone under since January, 2015. The law firm Haynes and Boone reported earlier this month bankruptcies were driven by historically oil and natural gas prices. The average price of a barrel of oil in July of 2016 was $41.60, less than half the price oil barrels were selling for in the summer of 2014. Oil companies have discharged approximately $66.5 billion in aggregate debt in dozens of bankruptcy cases. Forty-four of the now bankrupt [Read more]
Zargon Oil & Gas Ltd. Provides 2016 Second Quarter Results
CALGARY, ALBERTA--(Marketwired - Aug. 10, 2016) - Zargon Oil & Gas Ltd. ("Zargon" or the "Company") (TSX:ZAR)(TSX:ZAR.DB) FINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED JUNE 30, 2016) Funds flow from operating activities of $3.5 million were higher than the $0.3 million loss recorded in the prior quarter due to a combination of higher oil prices, lower operating expenses and decreased general and administrative expenses. With the continuation of restricted conventional [Read more]
Peyto Continues Positive Earnings Track Record With Q2 2016 Results
CALGARY, ALBERTA--(Marketwired - Aug. 10, 2016) - Peyto Exploration & Development Corp. ("Peyto" or the "Company") (TSX:PEY) is pleased to present its operating and financial results for the second quarter of the 2016 fiscal year. A continued focus on profitability and efficiency resulted in a 73% operating margin(1) and a 7% profit margin(2). Additional highlights included: Production per share up 4%. Second quarter 2016 production increased 7%, 4% per share, from 497 MMcfe/d (82,750 [Read more]
Connacher Oil and Gas Limited Announces Extension of CCAA Stay
CALGARY, Aug. 10, 2016 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announced that it has obtained an order from the Alberta Court of Queen's Bench extending the period of the Court-ordered stay of proceedings against Connacher under the Companies' Creditors Arrangement Act ("CCAA") until and including September 15, 2016. The Company has been operating under the protection of the CCAA since May 17, 2016. All inquiries regarding Connacher's CCAA proceedings should be [Read more]
Stonehaven Announces Name Change to Front Range Resources Ltd.
CALGARY, AB--(Marketwired - August 10, 2016) - Stonehaven Exploration Ltd. (the "Company") (TSX VENTURE: SE) reports that it has changed its name to Front Range Resources Ltd. (the "Name Change"). The Name Change was approved by the shareholders of the Company at the annual and special meeting held on July 29, 2016. The Company expects that the trading of its common shares on the TSX Venture Exchange under the new symbol "FRK" will commence on or about August 11, 2016. The CUSIP number assigned [Read more]