SYLVAN LAKE, ALBERTA–(Marketwired – Dec. 20, 2016) – Lonestar West Inc. (TSX VENTURE:LSI) (the “Company” and/or “Lonestar“) announces that it has completed a subordinate secured debenture financing in the aggregate amount of $800,000 (the “Debentures“). The Debentures carry an annual interest rate of 14% and have a maturity date of January 31, 2019. The obligations under the Debentures are secured by the Company’s grant of a security interest in its assets (including the assets of its subsidiaries) in favour of the debenture holders. This security interest is subordinate to the Company’s indebtedness held by HSBC Bank Canada and rank equally … Continue Reading
Bonterra Energy Corp. Announces 2017 Operational and Financial Budget and Operations Update for 2016
CALGARY, ALBERTA–(Marketwired – Dec. 20, 2016) – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) (“Bonterra” or “the Company”) today announces its 2017 operational and financial budget.
In the interests of maintaining a prudent balance between funds flow and capital spending plus dividends, Bonterra has set its 2017 capital expenditures budget at approximately $70 million which will largely be directed to new wells and facility upgrades primarily in the Pembina Cardium area. Given Bonterra’s low corporate production decline rate of approximately 19 percent, the 2017 capital budget is anticipated to increase average annual production by approximately five percent over 2016, with … Continue Reading
Changfeng Announces Mailing of Management Information Circular for Special Meeting to Approve Continuation into British Columbia
TORONTO, ONTARIO–(Marketwired – Dec. 20, 2016) – Changfeng Energy Inc. (TSX VENTURE:CFY) (“Changfeng” or the “Company“), announced today that the Management Information Circular relating to the special meeting of shareholders of the Company to be held on January 23, 2017 (the “Meeting“) has been filed on SEDAR and mailed to the holders of common shares of the Company.
The Meeting has been called to approve a proposed continuation of the Company into the provincial jurisdiction of British Columbia in order to facilitate the application of the Company for listing on The Stock Exchange of Hong Kong Limited that the Company … Continue Reading
Jadestone Energy appoints new Chief Financial Officer
Dan Young joins leadership team driving new strategy
SINGAPORE, SINGAPORE–(Marketwired – Dec. 20, 2016) – Jadestone Energy Inc. (TSX VENTURE:JSE) (the “Company”), is pleased to announce the appointment of energy sector specialist, Dan Young, as its Chief Financial Officer, effective 18 January 2017.
Mr. Young has more than 20 years’ experience in senior oil and gas and natural resources investment banking, advisory and consulting roles, and joins the new-look leadership team driving a major shift in strategy for the Asia Pacific focused oil and gas group.
Jadestone Energy Executive Chairman, Paul Blakeley said: “We’re delighted to welcome Dan on board, … Continue Reading
Tornado Global Hydrovacs Announces Chief Financial Officer Departure
CALGARY, ALBERTA–(Marketwired – Dec. 20, 2016) – Tornado Global Hydrovacs Ltd. (“Tornado” or the “Company”) (TSX VENTURE:TGH) announces that Connie Ping, Chief Financial Officer and Vice President Administration is no longer an officer of Tornado.
Bill Rollins has been appointed Interim Chief Financial Officer of the Company. Mr. Rollins will serve in this role while the Board of Directors conducts a search for a new Chief Financial Officer.
About Tornado Global Hydrovacs Ltd.
The Company designs and manufactures hydrovac trucks in Canada and sells hydrovac trucks for excavation service providers to the oil and gas industry and the municipal markets … Continue Reading
Serinus Energy Inc.: CS-3 Well in Tunisia Temporarily Shut-in
CALGARY, ALBERTA–(Marketwired – Dec. 20, 2016) – Serinus Energy Inc. (“Serinus” or the “Company“) (TSX:SEN)(WARSAW:SEN) today announced that a failure of the electrical submersible pump (“ESP”) for Well CS-3 on the Chouesh Es Saida Concession in Tunisia has resulted in a temporary loss of full production from this well. Despite the diligent efforts of the Company’s Tunisian technical team, it has been determined that a replacement ESP will be required to bring this well back onto production. The average daily production for the fourth quarter to date from this well has been 260 barrels of oil equivalent per day (“BOE/d”), … Continue Reading
Tethys Petroleum Press Release: Tethys Prepayment of Debt and Amendment to Debt Agreements
GRAND CAYMAN, CAYMAN ISLANDS–(Marketwired – Dec. 20, 2016) – Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) (“Tethys” or the “Company”) today announces that it has prepaid approximately US$322,161 of the US$3.5 million non-convertible loan received March 20, 2015 and due March 20, 2017 (the “Loan“) from Annuity and Life Reassurance Ltd. (“ALR“), an affiliate of Pope Asset Management Inc. (together with ALR and its other affiliates, “PAM“) and has entered into amendment agreements with ALR (together, the “Amendments“) to the Loan as well as to the US$1,760,978 convertible debenture due June 30, 2017 issued to ALR on June 1, 2015 (the “Debenture” and … Continue Reading
Bayshore Petroleum Corp. Announces Annual General Meeting
CALGARY, ALBERTA–(Marketwired – Dec. 19, 2016) –
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Bayshore Petroleum Corp. (“Bayshore” or the “Company”) (TSX VENTURE:BSH) shall hold an Annual General Meeting (“AGM”) on February 28, 2017, at the Company’s head office in Calgary, Alberta. The meeting agenda shall include the election of directors, approval of the stock option plan and other common items, and shall present the annual audited financial statements and Management’s Discussion and Analysis for the twelve month period ending December 31, 2014 and the twelve month period ending December 31, 2015. The … Continue Reading
Tidewater Midstream and Infrastructure Ltd. Announces Strategic Core-Area Acquisition, $60 Million Bought Deal Offering of Common Shares and Confirms Fourth Quarter 2016 Dividend
CALGARY, ALBERTA–(Marketwired – Dec. 19, 2016) –
THIS RELEASE IS INTENDED FOR DISTRIBUTION OUTSIDE THE UNITED STATES ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION WITHIN THE UNITED STATES
Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation”) (TSX VENTURE:TWM) is pleased to announce that it has acquired from a vendor (the “Vendor”) the remaining approximate 37% working interest in the Brazeau River Complex (“BRC”) gas plant and the remaining approximate 60% working interest in 105 km of gas gathering pipelines directly connected to the BRC in addition to the remaining working interests for 100% ownership in the previously announced three … Continue Reading
High Arctic Declares Monthly Dividend
CALGARY, ALBERTA–(Marketwired – Dec. 19, 2016) –
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW
High Arctic Energy Services Inc. (TSX:HWO) (“High Arctic” or the “Corporation”) is pleased to announce that its Board of Directors has approved a monthly dividend payment of $0.0165 per share to holders of common shares. The dividend is payable on January 13, 2017 to holders of High Arctic common shares of record at the close of business on December 30, 2016. The ex-dividend date … Continue Reading
Inter Pipeline Announces Capital Expenditure Program for 2017
CALGARY, ALBERTA–(Marketwired – Dec. 19, 2016) – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) announced today a $545 million capital expenditure program for 2017. Approximately $475 million, or 87 percent, of total capital expenditures will be for organic growth initiatives, with the remaining $70 million invested in sustaining capital works.
In 2017, the majority of Inter Pipeline’s growth capital program is expected to be directed towards engineering and planning for two proposed petrochemical facilities located in central Alberta. Smaller investments will be made to enhance the connectivity of Inter Pipeline’s oil sands transportation assets, expand conventional oil pipeline infrastructure, and develop … Continue Reading
PetroMaroc Corporation: Results of Annual and Special Meeting Announced
TORONTO, ONTARIO–(Marketwired – Dec. 19, 2016) – PetroMaroc Corporation plc (TSX VENTURE:PMA) (the “Company” or “PetroMaroc“) is pleased to announce that at the Company’s annual and special meeting of shareholders held on December 19, 2016, the shareholders elected Messrs. Dennis A. Sharp, D. Campbell Deacon and Nicholas O. Brigstocke to serve as directors of the Company until the next annual general meeting of shareholders, or until their successors have been duly elected or appointed.
The Company’s shareholders also approved: (i) the appointment of Deloitte LLP as auditors of the Company with remuneration to be fixed by the board, (ii) the … Continue Reading