CALGARY, AB--(Marketwired - November 30, 2015) - Kicking Horse Energy Inc. ("Kicking Horse") (TSX VENTURE: KCK) is pleased to announce that today it received securityholder and court approval for the previously announced plan of arrangement (the "Arrangement") pursuant to which ORLEN Upstream Canada Ltd. ("ORLEN") will acquire all the issued and outstanding common shares of Kicking Horse. Pursuant to the Arrangement, Kicking Horse shareholders will receive $4.75 cash for each common share of [Read more]
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Altura Energy Inc. Announces Issuance of Stock Options
CALGARY, ALBERTA--(Marketwired - Nov. 30, 2015) - Altura Energy Inc. ("Altura" or the "Corporation") (TSX VENTURE:ATU) announces that it has issued an aggregate of 3,950,000 stock options ("Options") to directors and officers of the Corporation in accordance with Altura's shareholder approved stock option plan. The Options are exercisable at $0.3375 per share, expire in five years and vest as to one-third on each of the first, second and third anniversaries of the date of granting. Upon the [Read more]
Long Run Exploration Ltd. Announces Amendments to Bank Credit Facilities
CALGARY, ALBERTA--(Marketwired - Nov. 30, 2015) - Long Run Exploration Ltd. ("Long Run" or the "Company") (TSX:LRE) announces amendments to our bank credit facilities. Long Run has completed the semi-annual review of our credit facilities with our bank syndicate. The Company's total credit facilities have been amended to $650 million, consisting of a $270 million revolving syndicated facility, a $30 million operating facility and a $350 million non-revolving syndicated facility. The [Read more]
AltaGas Ltd. Announces Close of GWF Acquisition
CALGARY, ALBERTA--(Marketwired - Nov. 30, 2015) - AltaGas Ltd. ("AltaGas") (TSX:ALA) announced today that, through its indirect wholly owned subsidiary AltaGas Power Holdings (U.S.) Inc., it has successfully completed the acquisition of GWF Energy Holdings LLC, which holds a portfolio of three natural gas-fired electrical generation facilities in northern California totalling 523 MW (the "Acquisition"), including the 330 MW Tracy facility, the 97 MW Hanford facility and the 96 MW Henrietta [Read more]
Trilogy Energy Corp. Completes Sale of Certain Duvernay Assets for US$85 Million
CALGARY, ALBERTA--(Marketwired - Nov. 30, 2015) - Trilogy Energy Corp. ("Trilogy") (TSX:TET) is pleased to announce that it has completed the sale of certain Duvernay mineral rights in the volatile oil window of its Kaybob Duvernay play for cash consideration of US$85 million. In connection with the sale, Trilogy also completed an exchange of 5.25 net sections of undeveloped Duvernay lands for an equivalent number of sections of Duvernay rights for no additional consideration. BMO [Read more]
Saskatchewan projecting $262M deficit as lower oil prices hit revenue
REGINA - Tanking oil prices are forcing the Saskatchewan government to put the brakes on spending.A budget update shows the province is projecting a deficit of $262 million, compared with a surplus of just over $100 million that was forecast in March.Finance Minister Kevin Doherty says getting the books back in the black is going "to be a tough challenge.""I want to be definitive here, my goal is to try to get us to balance. I'm not sure I can get us there," Doherty said at a news conference [Read more]
Petrus Resources Ltd. Announces Third Quarter 2015 Results
CALGARY, ALBERTA--(Marketwired - Nov. 30, 2015) - Petrus Resources Ltd. ("Petrus" or the "Company") is pleased to report operating and financial results for the third quarter of the 2015 fiscal year. • Production in the third quarter averaged 8,668 boe per day (38% oil and liquids), an increase of 76% compared to 4,928 boe per day (41% oil and liquids) in the third quarter of 2014. Since mid-January, a portion of the Company's sales volume (affecting three of the four operating areas) [Read more]
Gear Energy Ltd. Announces Closing of $25.8 Million Financing
CALGARY, ALBERTA--(Marketwired - Nov. 30, 2015) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to announce the closing of its previously announced $25.8 million financing. Pursuant to the financing, Gear has issued and sold through a syndicate of underwriters co-led by GMP Securities L.P. and Peters & Co. Limited: (i)12,000,000 common shares ("Common Shares") of the Company at a price of $0.75 per Common Share for gross proceeds of $9.0 million issued pursuant to a [Read more]
Tuscany Announces New Heavy Oil Pool Discovery
CALGARY, ALBERTA--(Marketwired - Nov. 30, 2015) - Tuscany Energy Ltd. (TSX VENTURE:TUS) is pleased to announce that it has drilled and cased a new Dina heavy oil pool discovery at Winter, Saskatchewan. The Tuscany Winter HZ 91/5-36-42-25W3 encountered 713 metres of porous oil saturated sand in the Dina zone. Tuscany plans to have the well on production within a week. Tuscany also has current plans to shoot seismic over its Sparky play at Macklin, Saskatchewan, to help define the potential [Read more]
Pembina Pipeline Corporation Announces 2016 Capital Program of $2.1 Billion
(All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to earnings before interest, taxes, depreciation and amortization ("EBITDA") which is a financial measure that is not defined by Generally Accepted Accounting Principles ("GAAP"). For more information about EBITDA, see "Non-GAAP Measures" herein.) CALGARY, Nov. 30, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced that its [Read more]