CALGARY, ALBERTA–(Marketwired – April 1, 2015) – Suncor Energy today provided an update on its progress on cost management measures in response to the low crude price environment, as well as an update on operations. Since the cost management program was announced in January, the company has made significant progress on its cost reduction initiatives. Suncor now expects that the
Perpetual Energy Inc. Announces Closing of Swap of West Edson Property for 6.75 Million Tourmaline Shares With Market Value of $258.7 Million and Updates Borrowing Base on Credit Facility Perpetual Energy Inc. (“Perpetual”, the “Corporation” or the “Company”) is pleased to announce the closing of the previously announced swap with Tourmaline Oil Corp. (“Tourmaline”) to exchange its joint interest share
Strategic Oil & Gas Ltd. Announces Year-End 2014 Financial and Operating Results CALGARY, ALBERTA–(Marketwired – Apr 2, 2015) – Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSX VENTURE:SOG) reports financial and operating results for the three months and year ended December 31, 2014. Detailed results are presented in Strategic’s annual consolidated financial statements, related Management’s Discussion and Analysis
Baytex Closes $632.5 Million Bought Deal Financing Baytex Energy Corp. (“Baytex”) (BTE.TO) (BTE.TO) has closed the previously announced bought deal financing (the “Equity Financing”). Baytex issued 36,455,000 common shares (the “Common Shares”), including 4,755,000 common shares pursuant to the full exercise of the over-allotment option, at a price of $17.35 per share for aggregate gross proceeds of approximately $632.5 million.
Bonavista Energy Corporation Announces Increase to Exchangeable Share Ratio CALGARY, ALBERTA–(Marketwired – Apr 1, 2015) – Bonavista Energy Corporation (“Bonavista”) (BNP.TO) is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.30885 to 1.31581. This increase will be effective on April 15, 2015 (the “Effective Date”). The following are the details of the calculation of
– $17 billion book value of assets and $15 billion of secured growth projects under development proposed to be transferred – Accretion expected to add 10% to Enbridge adjusted earnings per share from 2015 through 2018 – EIFH dividend growth rate expected to average 10% per year from 2015 to 2019 CALGARY, ALBERTA–(Marketwired – March 31, 2015) – Enbridge Inc. (TSX:ENB)
CALGARY, ALBERTA–(Marketwired – April 1, 2015) – DEETHREE EXPLORATION LTD. (“DeeThree” or the “Company“) (TSX:DTX)(OTCQX:DTHRF) is pleased to announce results from its latest Alberta Bakken horizontal well 11-20-3-16 W4M. This is the first well designed specifically to optimize the Company’s ongoing gas re-injection Enhanced Oil Recovery (“EOR”) scheme. The 2,000 meter horizontal lateral well was drilled in the base of
Bonterra Energy Corp. Confirms Cash Dividend for March 2015 Payable April 30, 2015 Bonterra Energy Corp. (www.bonterraenergy.com) (BNE.TO) announces that the March 2015 monthly cash dividend will be $0.15 per share and will be paid on April 30, 2015. The record date for the dividend is April 15, 2015 and the ex-dividend date is April 13, 2015. The dividend is
DeeThree Exploration Ltd. Announces Significant EOR Supported Alberta Bakken Well Test DEETHREE EXPLORATION LTD.(“DeeThree” or the “Company“) (DTX.TO)(DTHRF) is pleased to announce results from its latest Alberta Bakken horizontal well 11-20-3-16 W4M. This is the first well designed specifically to optimize the Company’s ongoing gas re-injection Enhanced Oil Recovery (“EOR”) scheme. The 2,000 meter horizontal lateral well was drilled in
CALGARY, AB–(Marketwired – April 01, 2015) – (TSX: ECA) (NYSE: ECA) Encana Corporation (“Encana”) and the Cutbank Ridge Partnership (“CRP”), a partnership between Encana and a subsidiary of Mitsubishi Corporation, have completed the previously announced sale of certain natural gas gathering and compression assets supporting development in the Montney area of northeastern British Columbia to Veresen Midstream Limited Partnership (“Veresen
The U.S. oil major has retained Scotiabank to help sell assets in Western Canada ConocoPhillips (ticker: COP) hired the Bank of Nova Scotia (Scotiabank) to advise on the sale of about 20% of its production in Western Canada outside of the oil sands, reports BNN. Details on the sale from Houston-based COP will be provided in the second quarter, according
Touchstone Announces Total Proved Plus Probable Reserves of 17.8 Million Boe CALGARY, ALBERTA, Mar 24, 2015 (Marketwired via COMTEX) — Touchstone Exploration Inc. (“Touchstone” or the “Company”) (TXP) announces the results of the independent December 31, 2014 reserve evaluation (the “Reserves Report”) with respect to the Company’s crude oil and natural gas reserves in Canada and the Republic of Trinidad
