Oil & Gas Exploration and Production

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Chesapeake Energy Corporation closes Southern Marcellus and Utica Shale sale to Southwestern Energy Company; announces $1 billion common stock repurchase authorization

Monday, 22 Dec 2014 04:01pm EST

Chesapeake Energy Corporation:Says the closing of its asset sale to Southwestern Energy Company and initiatives to further enhance shareholder value.Closes the sale of its assets in the Southern Marcellus Shale and a portion of the Eastern Utica Shale to Southwestern for net proceeds of $4.975 bln.Authorizes a $1 bln common stock repurchase program.

Chesapeake Energy Corporation closes Southern Marcellus and Utica Shale sale; announces $1 billion common stock repurchase authorization

Monday, 22 Dec 2014 04:01pm EST

Chesapeake Energy Corporation:Says the closing of its asset sale to Southwestern Energy Company and initiatives to further enhance shareholder value.Closes the sale of its assets in the Southern Marcellus Shale and a portion of the Eastern Utica Shale to Southwestern for net proceeds of $4.975 bln.Authorizes a $1 bln common stock repurchase program.

Rex Energy Corp gives FY 2015 production guidance

Monday, 22 Dec 2014 04:01pm EST

Rex Energy Corp:Expects FY 2015 production to be between 196 MMcfe/d - 205 MMcfe/d.

High North Resources Ltd announces non-brokered private placement for up to $4,000,000 in flow-through common shares

Monday, 22 Dec 2014 01:47pm EST

High North Resources Ltd:Intends to proceed with a non-brokered private placement of up to 23,529,412 common shares in the capital of the Company, to be issued on a flow-through basis, at a price of $0.17 per Flow-Through Common Share for gross proceeds of up to $4,000,000.Completion of the Offering is expected to occur on or about Dec. 30, and the Flow-Through Common Shares issued under the Offering will have a hold period of four months from the date of closing.Company will initially use proceeds from Offering of Flow-Through Common Shares to fund the Company's exploration and development program.

MEO Australia Ltd announces Neon Energy terminating merger implementation agreement

Sunday, 21 Dec 2014 09:00pm EST

MEO Australia Ltd:Says that on Dec. 19, 2014 Neon Energy Limited issued MEO with a written notice pursuant to the requirements of the Merger Implementation Agreement between MEO and Neon announced on Nov. 5, 2014 in respect of the proposed scheme of arrangement between MEO and its shareholders.Says that it has determined that the Evoworld proposal announced to the market on Dec. 18, 2014 is a Superior Proposal and has resolved to recommended it to Neon Shareholders.Neon confirms it has paid the Reimbursement Fee to MEO.As a consequence, Neon has terminated the MIA pursuant to clause 13.1(b)(3) of the MIA.

MEO Australia Ltd announces Neon Energy terminating merger implementation agreement

Sunday, 21 Dec 2014 09:00pm EST

MEO Australia Ltd:Says that on Dec. 19, 2014 Neon Energy Limited issued MEO with a written notice pursuant to the requirements of the Merger Implementation Agreement between MEO and Neon announced on Nov. 5, 2014 in respect of the proposed scheme of arrangement between MEO and its shareholders.Says that it has determined that the Evoworld proposal announced to the market on Dec. 18, 2014 is a Superior Proposal and has resolved to recommended it to Neon Shareholders.Neon confirms it has paid the Reimbursement Fee to MEO.As a consequence, Neon has terminated the MIA pursuant to clause 13.1(b)(3) of the MIA.

Molopo Energy Limited announces retirement of acting CEO

Sunday, 21 Dec 2014 09:00pm EST

Molopo Energy Limited:Says that Don Engle has elected to terminate his employment contract as Acting CEO, effective Jan. 12, 2015.

Elk Petroleum Limited announces merger with Elk Petroleum limited

Sunday, 21 Dec 2014 08:00pm EST

Elk Petroleum Limited:Says that it has entered into a Merger Implementation Deed with Metgasco Limited for the acquisition of all of the ordinary shares and listed options in Elk through a Scheme of Arrangement offering MEL shares & equivalent MEL options as consideration (.Following completion of the Merger, Elk shareholders will own about 23 pct. of the merged company and Metgasco shareholders will own about 77 pct.

Metgasco Ltd announces merger with Elk Petroleum limited

Sunday, 21 Dec 2014 08:00pm EST

Metgasco Ltd:Says that it has entered into a Merger implementation deed with Elk Petroleum limited for the acquisition of all ordinary shares.

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