CALGARY, ALBERTA--(Marketwired - Dec. 4, 2015) - Pan Orient Energy Corp. ("Pan Orient" or the "Corporation") (TSX VENTURE:POE) announced today that Chief Operating Officer Edward Bush is leaving the Corporation at the end of his employment agreement on December 4, 2015. Mr. Bush is based in Jakarta, Indonesia and has been with Pan Orient in various capacities since 2007 (other than for a one year period ending in January 2013). Pan Orient thanks Mr. Bush for his many contributions and wishes him [Read more]
Headlines
Canamax Energy Ltd. Announces Going-Private Transaction Led by Edge Natural Resources LLC and Management
CALGARY, AB--(Marketwired - December 04, 2015) - Canamax Energy Ltd. ("Canamax" or the "Corporation") is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement"), pursuant to which a group consisting of Edge Natural Resources LLC ("Edge"), the senior management of the Corporation and certain other shareholders will acquire all of the issued and outstanding common shares of Canamax (the "Canamax Shares") at a price of $0.67 per Canamax Share. [Read more]
Ikkuma Resources Corp. Announces the Cancellation of Certain Stock Options
CALGARY, Dec. 4, 2015 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) announces that it has cancelled a total of 7,001,495 incentive stock options, granted under its Stock Option Plan to certain officers, directors, employees and consultants of the Corporation. 2,955,250 of the cancelled stock options had an exercise price of $5.60 per share and 4,046,245 of the cancelled stock options had an exercise price of $3.20 per share. The Corporation has 843,100 stock options [Read more]
MEG Energy announces 2016 capital budget and operational guidance
CALGARY, AB--(Marketwired - December 04, 2015) - MEG Energy (TSX: MEG) announced today its 2016 capital investment plan and operational guidance. Highlights include:A 2016 capital budget of $328 million, approximately 70% of which is directed towards sustaining 2015 production levels and 20% towards capturing productivity gains associated with eMSAGP and positioning MEG for future growth through brownfield expansions;Financial resources available to the corporation to fund its 2016 capital [Read more]
Alberta’s energy minister says workers who’ve lost oilpatch jobs should upgrade
CALGARY - Alberta's energy minister says the government hopes people who have lost their jobs in the oilpatch will use the downturn to upgrade their skills.Marg McCuaig-Boyd says skilled journeymen with the right credentials could move to British Columbia to find work until energy prices bounce back.But she says workers with fewer skills should take advantage of apprencticeship programs.The minister says where she lives in northwestern Alberta, skilled workers can move back and forth to B.C. on [Read more]
LGX Oil + Gas Inc. announces filing statement of claim and executive change
CALGARY, Dec. 3, 2015 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV: OIL) announces that the Company and its working interest partners have brought a claim against the Attorney General of Canada seeking compensation in the amount of $60 million for the de facto expropriation and injurious affection of their working interests in the oil and gas assets in the Manyberries oilfields that are affected by the Emergency Order, SOR/2013-202 published in Part II of the Canada Gazette on [Read more]
Pine Cliff Energy Ltd. Completes $3 Million Private Placement
CALGARY, ALBERTA--(Marketwired - Dec. 3, 2015) - Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX VENTURE:PNE) is pleased to announce that it has closed its previously announced non-brokered private placement of common shares (the "Private Placement") to some of its directors, officers, employees and certain consultants. The Company issued 2.8 million common shares, at a price of $1.08 per common share for gross proceeds of $3 million. Insiders of the Company have acquired 1,923,900 [Read more]
Canadian Oil Sands Advises Shareholders to Take No Action as Suncor Extends Expiry of Hostile Bid
CALGARY, Dec. 3, 2015 /CNW/ - Canadian Oil Sands Limited (TSX: COS)(OTCQX: COSWF) ("COS" or "Canadian Oil Sands") advises shareholders to take no action on Suncor Energy Inc.'s ("Suncor") altered hostile bid, which simply extends the expiry from December 4, 2015 to January 8, 2016. "Extending the expiry of Suncor's bid does not change the fact that it is substantially undervalued and opportunistic," said Donald Lowry, Chairman of Canadian Oil Sands. "Nothing else has changed so, [Read more]
Blacksteel Energy Inc. Announces Final Closing of Private Placement
CALGARY, ALBERTA--(Marketwired - Dec. 3, 2015) - Blacksteel Energy Inc. (TSX VENTURE:BEY) ("Blacksteel" or the "Corporation") is pleased to announce that it has completed the fourth and final closing of its proposed private placement. On November 30, 2015, Blacksteel completed a fourth closing (the "Final Closing") of $219,800 of convertible debentures (the "Convertible Debentures") and units (the "Units") as part of its proposed offering of $3,500,000 of Units and [Read more]
Suncor Energy extends Canadian Oil Sands Offer to January 8, 2016
CALGARY, ALBERTA--(Marketwired - Dec. 3, 2015) - Suncor Energy today announced it has extended its offer to Canadian Oil Sands Limited ("COS") shareholders. Suncor will file a corresponding notice of extension to formally extend the expiry time of its offer to 6:00 p.m. MT (8:00 p.m. ET) on Friday, January 8, 2016. "Our offer is full and fair and in the best interests of COS shareholders," said Steve Williams, Suncor's president and chief executive officer. "This process has always been [Read more]