CALGARY, March 20, 2015 /CNW/ - Connacher Oil and Gas Limited (CLL – TSX; "Connacher" or the "Company") is providing clarification in connection with its previously announced planned recapitalization transaction (the "Recapitalization"), details of which are set forth in the management information circular dated February 20, 2015 ("Information Circular") which is available on the Company's website at www.connacheroil.com and on SEDAR under the Company's profile at www.sedar.com. Upon [Read more]
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Irving Oil has agreed, subject to court approval, to contribute to the Lac-Mégantic compensation fund
SAINT JOHN, NB, March 20, 2015 /CNW/ - Irving Oil has agreed, subject to court approval, to contribute $75 Million (CDN) to the compensation fund that has been established for those suffering losses as the result of the Lac-Mégantic derailment. We fully support the establishment of the fund as an industry-wide response to the tragedy, which will provide substantial payments without further lengthy legal proceedings. About Irving Oil Irving Oil was founded in 1924 and is a privately owned [Read more]
Encana Announces Closing of Over-Allotment Option in Connection With Bought Deal Offering
CALGARY, AB--(Marketwired - March 20, 2015) - Encana Corporation ("Encana") (TSX: ECA) (NYSE: ECA) announced today that, in connection with its completed offering of 85,616,500 common shares of Encana (the "Shares") at a price of C$14.60 per Share (the "Offering Price"), the over-allotment option granted to the underwriters to purchase up to an additional 12,842,475 Shares (the "Over-Allotment Option") at the Offering Price was exercised in full for additional aggregate gross proceeds to Encana [Read more]
Marquee Energy Ltd. announces record financial and operating results for 2014 and the sale of a production volume royalty on its Lloydminster property
CALGARY, March 19, 2015 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") announces record production and funds flow from operations for the year ended December 31, 2014. The Company's financial statements and Management's Discussion and Analysis ("MD&A") for the three and twelve months ended December 31, 2014 are available on SEDAR at www.sedar.com and on Marquee's website at www.marquee-energy.com. Marquee is also pleased to announce that it has entered into a [Read more]
Pinecrest Energy Inc. Announces Approval of Its Previously Announced Plan of Arrangement
CALGARY, ALBERTA--(Marketwired - March 19, 2015) - Pinecrest Energy Inc. (TSX VENTURE:PRY) ("Pinecrest" or the "Company") is pleased to announce that at today's special meeting (the "Meeting") of the holders (the "Shareholders") of common shares of Pinecrest (the "Pinecrest Shares"), the Shareholders approved, amongst other things, the previously-announced plan of arrangement (the "Arrangement") involving the Company, Virginia Hills Oil Corp. ("Virginia Hills") and a junior dividend paying [Read more]
Pine Cliff Energy Ltd. Announces Fourth Quarter and Annual 2014 Results
CALGARY, ALBERTA--(Marketwired - March 19, 2015) - Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX VENTURE:PNE) is pleased to announce its fourth quarter and year-end financial and operating results and the filing of its 2014 disclosure documents. Included in the Canadian filings were Pine Cliff's annual information form ("AIF"), including disclosure and reports related to reserves data and other oil and gas information pursuant to National Instrument 51‐101 Standards of Disclosure [Read more]
Surge Energy Inc. Announces Record 2014 Year-End Results and Files Annual Information Form
CALGARY, March 19, 2015 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce its financial and operating results for the year ended December 31, 2014 and has filed its Annual Information Form ("AIF") for the year ended December 31, 2014 on SEDAR. HIGHLIGHTS Surge's NAV per share increased from $6.95 per share on December 31, 2013 to $7.36 per share on December 31, 2014 (despite the large reduction in Sproule's 2015 crude oil commodity price [Read more]
Rock Energy Inc. Reports 2014 Results, Updates First Quarter Operations and Announces Commencement of Polymer Injection at Mantario/Laporte
CALGARY, ALBERTA--(Marketwired - March 19, 2015) - Rock Energy Inc. (TSX:RE) ("Rock" or the "Company") is pleased to report its financial and operating results for the year and three months ended December 31, 2014. Rock has filed its Annual Information Form (AIF), which includes Rock's reserves data and other oil and natural gas information for the year ended December 31, 2014. The AIF includes annual disclosure regarding reserves data and other oil and gas information as mandated by National [Read more]
Bonterra Energy Corp. Announces Year End 2014 Results
CALGARY, ALBERTA--(Marketwired - March 19, 2015) - Bonterra Energy Corp. (Bonterra or the Company) (TSX:BNE) is pleased to announce its operating and financial results for the year ended December 31, 2014. The related financial statements and notes, as well as management's discussion and analysis (MD&A) for the year ended December 31, 2014, are available on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and on Bonterra's website at [Read more]
Yangarra Announces Year End 2014 Financial and Operating Results
CALGARY, March 19, 2015 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) releases its 2014 financials. 2014 Financial and Operating Highlights Average daily production was 2,870 boe/d, a 30% increase from 2013. Oil and gas sales, after royalties, were $51.4 million with funds flow from operations of $38.3 million ($0.70 per share - basic). This represents a 48% increase and a 49% increase, respectively, from 2013. Net Income of $24.4 million ($0.45 per share - [Read more]