MERGERS & ACQUISITIONS & DISPOSITIONS - QUARTERLY REPORTS - PRODUCTION UPDATES - CORPORATE ANNOUNCEMENTS - FINANCIAL UPDATES - 3RD PARTY REPORTS
Trilogy Energy Announces to Sell Certain Duvernay Assets in the Kaybob Area for $60 Million and Provides an Update on Its Previously Announced Grande Prairie Area Disposition
The predominantly non-operated Duvernay sale assets have an average production (net to Trilogy) of approximately 640 Boe/d (2.6 MMcf/d of natural gas and 200 Bbl/d of natural gas liquids) for the month of April, 2017.
During the first quarter of 2017, Hemisphere continued to be conservative in its capital spending while focusing on preparation of development plans in its core producing properties.
* Acquisition of Point Loma Resources Ltd.
Common Shares by Kevin R. Baker Q.C.
* Advantage Announces Annual Meeting
Voting Results on Election of Directors
* Journey Energy Inc. Reports on Voting
from the 2017 Shareholders Meeting
* Jura Announces Results of Shareholder Meeting
* MEG Energy provides Annual and Special
Meeting voting results
* Northern Blizzard Resources Announces
Annual and Special Meeting of Shareholders
* Steel Reef Announces $0.0175 Per
Common Share Dividend
Read all of this week's announcements...
Relentless averaged 272 boed (58% oil and liquids) in Q1 2017, up 17% from the same period last year, and up 42% from the previous quarter.
As a result of this agreement, weather permitting, first gas sales from Tanager's Raptor discovery should occur within sixty to ninety days.
The Assets, situated within Razor's core area, are characterized by low decline, light oil focused production, which is primarily operated with abundant infrastructure to complement Razor's existing asset portfolio.
OPEC extends oil output cut by nine months
North American Rotary Rig Counts
- Canadian rig count up 5 at 85
- U.S. rig count up 16 at 901
In Related News
For the three month period ended March 31, 2017, Cordy's consolidated revenues increased by $1.0 million or 35 percent, from the comparative period in 2016. Cordy's consolidated operating earnings increased $0.5 million or 355 percent from the comparative period.
"Following two years of declines, the tide is turning for Calgary and Edmonton. Oil prices have recovered somewhat from the lows reached in February 2016, and while energy investment in Alberta is expected to remain sluggish this year."
Macro Enterprises Inc. posted consolidated revenue of $12.7 million, a slight increase over last year's first quarter revenue results of $9.1 million.
Manitok Energy Inc. Announces Amended Terms for the Lease Issuance and Drilling Commitment Agreement\The land under the Agreement held by Manitok has become its core area of operation. The Corporation has taken the production in the Entice area from zero to a peak of approximately 3,200 boe/d in December 2016
Point Loma Resources Announces Investment Agreement with Evenergy Company Limited for proceeds of $4,020,000
With this investment agreement Point Loma has attracted another strategic investor that will allow Point Loma to accelerate currently identified opportunities and provides additional capital options to pursue opportunities in the core focus area of west central Alberta.
Canadian Natural Resources Limited Prices C$1.8 Billion in 3, 9.5 and 30 Year Medium-Term Notes
CNRL intends to apply the net proceeds from the sale of the medium-term notes to partially finance the previously announced acquisition of working interest in the Athabasca Oil Sands Project and to pay certain fees and expenses related to the acquisition.
Canadian Natural Resources Limited Prices US$3.0 Billion in 5.5, 10 and 30 Year Unsecured Notes
Net proceeds from the sale of the unsecured notes will be used to partially finance the previously announced acquisition of working interest in the Athabasca Oil Sands Project and to pay certain fees and expenses related to the acquisition.
Touchstone Announces Proposed Conditional Placing of 20,000,000 Common Shares
The gross proceeds of the Private Placement are expected to be approximately $2.552 million which, together with existing cash balances, will be used in drilling and development operations in 2017
In Related News
Divestco Reports 2017 Q1 Results
Divestco generated revenue of $4.0 million in Q1 2017 compared to $3.1 million in Q1 2016, an increase of $0.9 million (27%) mainly due to higher Seismic Data segment revenue related to the completion of a new seismic survey.