MERGERS & ACQUISITIONS & DISPOSITIONS - QUARTERLY REPORTS - OPERATION UPDATES - CORPORATE ANNOUNCEMENTS - FINANCIAL UPDATES - 3RD PARTY REPORTS
Pursuant to the Agreement, the interim lenders have agreed to extend the maturity date contained in the Credit Agreement from December 31, 2017 to January 31, 2018 to correspond with the extension of Connacher's CCAA stay of proceedings.
Bellatrix's Board of Directors have also approved a net capital expenditure budget of $120 million in 2017, representing an increase of $15 million.
* Painted Pony announces retirement of CFO
* Total Energy Services Inc. Reports on Voting
from the Annual and Special Meeting of
Read all of this week's announcements...
The tender offers consist any and all of the 8.00% senior unsecured notes due 2019 and the 7.50% senior unsecured notes due 2038
Mr. Mark Teare, Senior Vice President of Exploration at Canacol, commented "Toronja 1 marks another success in the new, high impact, shallow Porquero sandstone gas play that we tested last year with the Nelson 6 exploration well"
In accordance with previous contracts for natural gas sales in India, the Company had committed to deliver certain minimum quantities. For the period ended December 31, 2007, the Company was unable to deliver the minimum quantities.
Oil prices up on weaker dollar
Oil prices steadied above last week's seven-month lows on Monday, hemmed in by a relentless rise in U.S. supply.
North American Rotary Rig Counts
- Canadian rig count up 11 at 170
- U.S. rig count up 8 at 941
In Related News
The study found Canada's oil sands had a substantial impact on Quebec's economy in terms of employment, gross domestic product (GDP) and tax revenue, in a 12-month period between 2014 and 2015.
This name change aligns the branding of the parent company, Zedcor Energy Inc., with its operating subsidiary Zedcor Energy Services Corp., which has an excellent reputation for quality rental assets and customer service.
Baytex Provides Operational Update
Q2 2017 Production Up 5%
Baytex estimates production in the first half of this year to be 70,900 boe/d. During the second quarter, exploration and development capital expenditures are estimated at $78 million, bringing the aggregate spending in the first half of 2017 to about $174 million.
Penn West Changes Name to Obsidian Energy
The stock symbol will be replaced with "OBE" on both the Toronto Stock Exchange and New York Stock Exchange, effective in the next 3 – 5 business days. No action is required by shareholders with respect to this change.
Crescent Point Announces Renewal of Credit Facilities totaling $3.6 billion
"The renewal of our credit capacity reflects the strong economics within our high-quality asset base," said Scott Saxberg, president and CEO of Crescent Point. "This financial flexibility is especially important in the current oil price environment."
Imperial continues its commitment to deliver
long-term shareholder value
Imperial Oil Limited today announced it has received final acceptance from the Toronto Stock Exchange for a normal course issuer bid (NCIB) to repurchase up to three percent of its 846,530,905.
Touchstone Announces Admission to
AIM and First Day of Dealings
Commenting on today's announcement, Paul Baay, President and Chief Executive Officer of Touchstone, said, "We believe that a dual listing on AIM will provide support to help us achieve our ambitious developmental plans in Trinidad.
In Related News
Hanwei Energy Services Reports Year End Fiscal 2017 Financial and Operational Results
Revenues from the Canadian FRP pipe market increased by approximately 114% to $3.1 million (representing 63% of total Company FRP pipe sales of $4.9 million for the year ended March 31, 2017) from $1.4 million in Canadian sales for the prior year.