Canada – Page 150 – Oil & Gas 360

Strategic Oil & Gas Fueled by Netbacks, Infrastructure in the Marlowe

April 8, 2015

Strategic Oil & Gas (ticker: SOG.TO), a Canadian exploration and production company based in Calgary, Alberta, announced year-over-year increases to both its production and proved + probable reserves in its Q4’14 earnings release. Volumes for fiscal 2014 averaged 3,462 BOEPD and 2P reserves reached 13.9 MMBOE, representing respective increases of 6% and 9%. The Marlowe formation, located in northern Alberta,

DeeThree Announces Corporate Reorganization

April 7, 2015

DeeThree Exploration Ltd. Announces Corporate Reorganization to Create Two Oil-Focused Companies DeeThree Exploration Ltd. (DTX.TO) (“DeeThree” or the “Company“) is pleased to announce that its Board of Directors has unanimously approved the reorganization of DeeThree to create two, focused and independent, publicly traded energy companies – one, a sustainable growth-focused light-oil company centered around DeeThree’s Belly River development in the

Bonterra Announces Borrowing Base Increase

April 7, 2015

Bonterra Energy Corp. Announces Borrowing Base Increase Following Annual Banking Review Bonterra Energy Corp. (www.bonterraenergy.com) (BNE.TO) (“Bonterra” or “the Company”) is pleased to announce today that following its annual banking review, certain amendments to the existing credit agreement dated April 29, 2009 between the Company and its syndicate of lenders (the “Lenders”), have been agreed to. Based on the terms

Parex Operational Update

April 6, 2015

Parex Operational Update: Q1 Production 26,700 bopd and Plans for Drilling Activity Increase in 2015 Parex Resources Inc. (“Parex” or the “Company“) (PXT.TO), provides an operational update that confirms Q1 2015 production of 26,700 bopd and announces the start of its 2015 exploration program. All amounts herein are in United States dollars (USD). Exploration & Production Update: Oil production for Q1 2015

Suncor provides update on cost management program and operations

April 2, 2015

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 Announces Closing of $258 million Swap Deal

April 2, 2015

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 Announces YE’14 Financial and Operating Results

April 2, 2015

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 $630 Million Deal

April 2, 2015

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 Announces Increase to Exchangeable Share Ratio

April 2, 2015

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

Enbridge Makes Formal Proposal to Transfer Canadian Liquids Pipeline Business and Renewable Energy Assets to Enbridge Income Fund

April 1, 2015

– $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)

DeeThree Exploration Ltd. Announces Significant EOR Supported Alberta Bakken Well Test

April 1, 2015

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 Confirms March Dividend

April 1, 2015

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

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