Oil & Gas Exploration and Production

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Dome Energy publ AB completes acquisition of Gas Ventures

2:00am EDT

Dome Energy publ AB:Has completed acquisition of Gas Ventures LLC effective as of Oct. 1.Transaction is valued at $24 mln.Acquisition expands Dome's long-term development program with numerous development drilling targeting conventional oil.

OGI Group Ltd announces acquisition of 6 graphite licences in Mozambique

Sunday, 19 Oct 2014 11:57pm EDT

OGI Group Ltd:Agrees to acquire 100 pct of Balama Resources Pty Ltd which holds interests in 6 tenements in the sought after Mozambique graphite province of Balama.Says Initial exploration work completed to de-risk assets and to prove up graphite mineralisation on the Balama tenements.Says samples submitted to SGS Laboratories for analysis with preliminary results expected within next 4 weeks.

Blacksteel Energy Inc announces termination of proposed transaction to acquire oilfield services companies

Friday, 17 Oct 2014 08:14pm EDT

Blacksteel Energy Inc:Says that it has proposed transaction to acquire Alcan Fluid Disposal Ltd., Peace Drilling and Research Ltd. and Integrated Resource Technologies Ltd. and has been terminated.As a result of current conditions in the capital markets, the corporation was unable to obtain the minimum financing required under the terms of the Proposed Transaction as outlined in its press releases of Sep. 4 and Sept. 30.

Southwestern Energy Co announces acquisition of Southwest Marcellus and Utica Assets

Thursday, 16 Oct 2014 07:00am EDT

Southwestern Energy Co:Signs purchase and sale agreement with Chesapeake Energy Corporation.To acquire certain oil and gas assets covering about 413,000 net acres in West Virginia and southwest Pennsylvania targeting natural gas, natural gas liquids and crude oil contained in Upper Devonian, Marcellus and Utica shales for about $5.375 bln.Transaction is subject to other customary conditions and is currently expected to close by year-end.

Elkwater Resources Ltd announces Strategic, Light Oil Focused Acquisitions and equity financing

Wednesday, 15 Oct 2014 08:14am EDT

Elkwater Resources Ltd:Has entered into an arrangement agreement with Exoro Energy Inc, that provides for the acquisition by Elkwater of all of the issued and outstanding shares of Exoro.And an asset purchase and sale agreement with an arm's length oil and gas producer that provides for the acquisition by Elkwater of medium gravity oil producing assets concentrated in the Killam area of East Central Alberta.The Killam Asset Acquisition is expected to be completed on or about Nov. 20.TD Securities Inc. will act as lead arranger and sole bookrunner on a new credit facility of a minimum of $55 million in support of the Acquisitions and for general corporate purposes.In connection with the Acquisitions, Elkwater has entered into an agreement with a syndicate of underwriters co-led by Desjardins Capital Markets, TD Securities Inc and FirstEnergy Capital Corp and including Clarus Securities Inc.Dundee Securities Ltd., National Bank Financial Inc., Canaccord Genuity Corp., Cormark Securities Inc., GMP Securities L.P. and Scotia Capital Inc.Pursuant to which the underwriters have agreed to purchase for resale, on a bought-deal private placement basis, 266,667,000 subscription receipts of the company, at a price of $0.375 per Subscription Receipt, for aggregate gross proceeds of $100,000,125.The net proceeds from the Financing will be used by the company to fund the purchase price in respect of the acquisitions.The Financing is expected to close on or about Oct. 29.

Huntington announces completion of acquisition of Regency Metals Corp

Tuesday, 14 Oct 2014 06:24pm EDT

Huntington Exploration Inc:Announced that, further to its press release dated Sept. 17, 2014, it has acquired Regency Metals Corp.Says acquisition was completed pursuant to the terms of the amalgamation agreement among Regency, HEI and a wholly-owned subsidiary of HEI, whereby Regency amalgamated with the wholly-owned subsidiary of HEI, and continues as one wholly-owned subsidiary of the corporation.Under the terms of the amalgamation agreement, regency shareholders are entitled to receive about 2.916 common shares of Huntington for every one Regency common share.

Petrox Resources announces extension of LOI for proposed acquisition of corporat

Tuesday, 14 Oct 2014 03:05pm EDT

Petrox Resources Corp:Says further to its news release of Sept. 3 in which Petrox announced assignment of conditional, non-binding letter of intent on involving business combination with private entity from China, target date for entering into a definitive agreement for the Transaction has been amended to Nov. 30.

Global Energy Development PLC announces proposes sale of llanos basin properties to Platino Energy Corp's Platino Energy Holdings, Corp.

Tuesday, 14 Oct 2014 02:00am EDT

Global Energy Development PLC:Enters into conditional share purchase agreement with Platino Energy Holdings, Corp., which is a subsidiary of Platino Energy Corporation, for the disposal of the rights and obligations of the company's contract areas within the Llanos Basin for a gross consideration of $50 mln in cash.The proceeds after the expenses of the transaction will be used to completely eliminate the company's outstanding debt, which has an outstanding balance of about $7.5 mln.The application of the remaining net proceeds will be determined following the closing of the transaction.

Mid-Con Energy Partners LP's Mid-Con Energy Properties, LLC enters into definitive agreement to acquire net proved oil reserves estimated at 6.1 million barrels

Monday, 13 Oct 2014 05:10pm EDT

Mid-Con Energy Partners LP:Through wholly owned subsidiary, Mid-Con Energy Properties, LLC, announces that it has entered into definitive agreement to acquire net proved oil reserves estimated at 6.1 million barrels of oil equivalent for an aggregate purchase price of about $120 million.In connection with acquisition, Partnership has secured committed bank financing to support purchase price.Acquisition is subject to customary post-closing adjustments and is expected to close in Nov. 2014, with effective date of Sept. 1.Eastern Shelf acquisition includes number of properties covering about 18,000 net acres in Coke, Coleman, Fisher, Haskell, Jones, Kent, Nolan, Runnels, Stonewall, Taylor, and Tom Green Counties, Texas.

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