TSX, NYSE: BXE CALGARY, June 16, 2016 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce the acquisition of highly complementary producing assets in its west central Alberta core Ferrier area, and provide an update on its ongoing credit facility redetermination process. Asset Acquisition from Grafton Energy Co. I Ltd. Bellatrix has entered into an agreement with Grafton Energy Co. I Ltd. ("Grafton") to acquire complementary [Read more]
Headlines
Junex Welcomes the Quebec Government’s Decision to Authorize the Drilling and Fracturing of Wells on Anticosti
QUEBEC CITY, QUEBEC--(Marketwired - June 16, 2016) - Junex inc. (The "Company " or " Junex ") (TSX VENTURE:JNX) welcomes the Quebec Government' decision to grant the required Certificates of Authorization to Anticosti Hydrocarbons LP ( "the Consortium") for the drilling and fracturing of three horizontal wells to evaluate the oil and gas potential of the Macasty Shale on Anticosti Island. While not part of the Consortium, Junex holds the neighbouring block of exploration permits at 100%. [Read more]
49 North Resources Inc. announces expansion of the size of private placement and closing of first tranche
TSX Venture Exchange Symbol FNR SASKATOON, June 15, 2016 /CNW/ - 49 North Resources Inc. ("49 North" or the "Company") (TSXV: FNR) announces the completion of an initial closing of its previously announced non-brokered private placement (see press release of June 3, 2016) and, due to the high demand, the expansion of the placement from the original maximum of 6,000,000 units to 8,000,000 units. At the closing today, 49 North issued 6,000,000 units at a price of $0.10 per unit, for gross [Read more]
Tourmaline Oil Corp. Provides Operations and Financial Update
CALGARY, AB--(Marketwired - June 15, 2016) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to provide an operations and financial update. EP UPDATE During the third quarter, Tourmaline plans to run five to six rigs in the Alberta Deep Basin, two to three rigs for the Peace River Charlie Lake oil play and one rig in the B.C Montney gas-condensate complex. Third quarter EP activity will focus primarily on drilling the longer lead time multi-well pads with the [Read more]
Strategic Oil & Gas Ltd. Announces Second Half 2016 Drilling Program & Capital Spending Budget
CALGARY, ALBERTA--(Marketwired - June 15, 2016) - Strategic Oil & Gas Ltd. ("Strategic", or the "Company") (TSX VENTURE:SOG) announces its second half 2016 drilling program and capital spending budget. This drilling program marks the beginning of pad development activity along the drilling corridor at west Marlowe, following the Company's successful delineation drilling program during first quarter of 2016. BUDGET Strategic's Board of Directors has approved a capital expenditure budget [Read more]
Toro Oil & Gas Ltd. Announces Terms of $11.3 Million Bought Deal Financing
CALGARY, June 15, 2016 /CNW/ - Toro Oil & Gas Ltd. (TSXV: TOO) ("Toro" or the "Company") is pleased to announce that, in connection with its previously announced overnight marketed offering, it has now entered into a bought deal financing agreement with a syndicate of underwriters led by AltaCorp Capital Inc., and including GMP Securities L.P., Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., FirstEnergy Capital Corp. and PI Financial Corp. (collectively, the [Read more]
Wildfire loss to oilsands at least 30 million barrels worth $1.4 billion
CALGARY - Analysts say lost oilsands production from the Fort McMurray wildfires could top 30 million barrels and cost the industry upwards of $1.4 billion.Some of the largest oilsands producers in the province were forced to shut down or curtail operations last month as 80,000 residents of Fort McMurray evacuated the city to escape the fierce blaze, which has yet to be extinguished.Damage to oilsands projects was minimal but Calgary-based analysts say restarting operations is taking longer than [Read more]
Cardinal Energy Ltd. Announces Closing of Equity Financing and Renewal of Credit Facility
CALGARY, ALBERTA--(Marketwired - June 15, 2016) - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) is pleased to announce that it has closed its previously announced public offering of 7,150,000 common shares through a syndicate of underwriters led by CIBC Capital Markets, and including FirstEnergy Capital Corp., RBC Capital Markets, National Bank Financial Inc., Scotiabank, GMP Securities L.P., BMO Capital Markets, Macquarie Capital Markets Canada Ltd. and Dundee Securities Ltd. [Read more]
NuVista Energy Ltd. Announces $21.5 Million CDE Flow Through Equity Financing
CALGARY, ALBERTA--(Marketwired - June 15, 2016) - NuVista Energy Ltd. ("NuVista" or the "Company") (TSX:NVA) is pleased to announce the issuance by way of a private placement, of up to 3.16 million common shares on a "flow-through" basis pursuant to the Income Tax Act (Canada) at a price of $6.65 per share for gross proceeds of approximately $21.0 million (the "Offering"). The purchasers shall be entitled to renunciations of Canadian Development Expenses ("CDE"). In addition, certain directors, [Read more]
BOE Report Podcast Episode 6
On this episode, the BOE Report team talks about recent oilpatch acquisition, including the Penn West asset sale to Teine Energy, Terry Etam's latest article on Natural gas production capabilities in North America, and LNG and Canada's west coast--did BC and Canada miss the boat? Get episode on Google Play | iTunes | RSS On the Show Terry Etam James Rose Josh Groberman Tim Dell Topics Penn West asset sale Do we really have 100 years of natural gas? Maybe, if we avoid the [Read more]