MERGERS & ACQUISITIONS & DISPOSITIONS - QUARTERLY REPORTS - PRODUCTION UPDATES - CORPORATE ANNOUNCEMENTS - FINANCIAL UPDATES -3RD PARTY REPORTS
Today's Energy Prices
AKITA Drilling Ltd.'s net loss for the three months ended June 30, 2016 was $4,062,000 on revenue of $3,646,000. Net income for the six months ended June 30, 2016 was $14,111,000 on revenue of $45,636,000
Total consideration for the SE Saskatchewan Acquisition is $89.5 million, prior to customary closing adjustments, payable in cash.
* High Arctic Announces Director Appointment
and Executive Changens
* Pengrowth Announces Release Date for
Its 2016 Second Quarter Results
* X-Terra completes a private placement
Read all this week's announcements...
Last year, Zargon announced the formation of a special board committee to examine alternatives that would maximize stakeholder value in a manner that would recognize the company's fundamental inherent value related to Zargon's long-life, low-decline conventional oil assets
PrairieSky reports average production of 23,158 BOE per day, 46% liquids and Funds from Operations of $42.8 million or $0.19 per share, basic and diluted
North American Rotary Rig Counts
- Canadian rig count up 7 at 102
- U.S. rig count up 15 at 462
With better than expected Cuban oil production in the first half of this year, and the results of a successful workover in the second quarter, Cuba oil production guidance has been increased to 15,000 bopd and 9,200 bopd respectively.
In Related News
On a more positive note, the energy price index saw a significant increase as crude oil prices continued to climb from their lows in February.
In May, the wildfire in northern Alberta and scheduled maintenance at oil sands facilities contributed to lower than average deliveries of natural gas to industrial consumers in Alberta.
Faster timeline for phasing out
DOT-111 tank cars
"Accelerating the phase out of legacy DOT-111 tank cars in crude oil services is another crucial step in improving the safety of communities along our railway lines"
Tamarack Valley Energy Ltd. Announces
Closing of Strategic Acquisitions
Total aggregate cash consideration for the Redwater Acquisition was $25.8 million and was financed with part of the proceeds from the $81.6 million bought deal equity financing
Shares for Debt Transaction
Junex also announces that the term of its agreement with D&D Securities Inc. to provide market-making services has been extended until September 30, 2016.
Saskatchewan Pipeline Incident Updates
Husky is responding to a pipeline incident in Saskatchewan. Our primary focus continues to be the safety of the public and the protection of the environment.
Ironhorse Oil & Gas Inc. Announces
Restart of Nisku L2L Pool
Ironhorse anticipates the Pool will remain on production provided commodity prices remain at an economic level.
Husky Energy Announces
2016 Second Quarter Results
Net earnings were a loss of $196 million, which takes into account the factors affecting cash flow as well as three non-cash items: a $71 million after-tax loss associated with the dispositions, a $12 million after-tax property impairment and $22 million in exploration and evaluation asset write-downs.
In Related News
Petrolia Inc.:The Honourable Judge Castonguay Recognizes the Blockage
Judge Castonguay has acknowledged the clear obligation of Ressources Québec and Saint-Aubin to finance the exploration program and has made orders to that effect.
Premiers advance responsible
Premiers also reaffirmed their commitment to work with the federal government to bring Canada's energy resources to domestic and international markets as a key element in supporting long-term job creation and economic growth