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Oil & Gas Exploration and Production

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Magnum Gas and Power signs MoU with Sky Blue Capital Proprietary

Wednesday, 8 Jun 2016 06:30pm EDT

Magnum Gas & Power Ltd : Magnum executes non binding gas supply mou . Announce that Magnum has signed a further memorandum of understanding with Sky Blue Capital Proprietary Limited . Magnum and Sky Blue intend to enter into a more definitive agreement prior to November 1, 2016 .

RockBridge Resources to sell unit to 1077398 B.C. Ltd

Monday, 6 Jun 2016 12:48pm EDT

Rockbridge Resources Inc : RockBridge Resources Inc. company update . Has agreed to sell RockBridge Alberta to 1077398 B.C. Ltd, principal of which is Steve Mathiesen , CEO of company . Terms of sale of RockBridge Alberta include sale of its shares and sale of balance of loans made by Rockbridge to subsidiary .Continues to consider strategic alternatives, including possible merger with another O&G co/possible sale of oil & gas assets.

Stonehaven to merge with Deventa Energy

Monday, 6 Jun 2016 08:00am EDT

Stonehaven Exploration Ltd :Stonehaven to merge with Deventa Energy Inc to form Montney focused exploration and production company.

Elk Petroleum announces launch of of A$30.76 mln entitlement offer

Thursday, 2 Jun 2016 07:57pm EDT

Elk Petroleum Ltd : Launch of of A$30.76 million entitlement offer . Deal for offer price of A$0.075 per new share .

Sona Petroleum announces termination of SPA

Thursday, 2 Jun 2016 05:56am EDT

Sona Petroleum Bhd : Refers to the announcement where co announced that conditions precedent to spa had not been satisfied by cut-off date of 30 April . Received letters from santos and quadrant to notify that the sellers terminate the spa with immediate effect. .

Petrofrontier announces asset acquisition in Alberta

Wednesday, 1 Jun 2016 09:00am EDT

Petrofrontier Corp : Petrofrontier Corp says Petrofrontier will pay to Kasten an aggregate of approximately $17.49 million as consideration . Deal for issuance of 70 million common shares of petrofrontier at a deemed value of $0.157 per share, payment of $3.5 million in cash . Deal also includes issuance by petrofrontier of a secured debenture in amount of $3 million in favor of kasten .Petrofrontier corp. Announces major resource property asset acquisition in Alberta.

Hawk exploration to be acquired for cash consideration

Wednesday, 1 Jun 2016 08:30am EDT

Hawk Exploration Ltd : Kaisen has agreed to purchase all of issued and outstanding class a shares of corporation at a cash price of $0.08 per share . Board of directors of Hawk has unanimously approved arrangement agreement . Deal for consideration of approximately $16.1 million, .Hawk exploration ltd to be acquired for cash consideration.

Raging River announces acquisition of Rock Energy Inc for $109 mln

Wednesday, 1 Jun 2016 12:11am EDT

Raging River Exploration Inc : Announces corporate acquisition of Rock Energy Inc . Rock shareholders will receive, for each rock share held, 0.082 Raging River common shares . Total consideration for acquisition is about $109 million . Consideration for acquisition is comprised of issuance of 3.896 mln common shares of Raging River . Deal includes 2,550 boe/d of production and about 25 net sections in Kerrobert area of southwest Saskatchewan .Deal also includes assumption of about $67 million of debt inclusive of bank debt,working capital deficiency, expected deal costs.

Raging River announces acquisition of Rock Energy Inc for $109 mln

Wednesday, 1 Jun 2016 12:11am EDT

Raging River Exploration Inc : Announces corporate acquisition of Rock Energy Inc . Rock shareholders will receive, for each rock share held, 0.082 Raging River common shares . Total consideration for acquisition is about $109 million . Consideration for acquisition is comprised of issuance of 3.896 mln common shares of Raging River . Deal includes 2,550 boe/d of production and about 25 net sections in Kerrobert area of southwest Saskatchewan .Deal also includes assumption of about $67 million of debt inclusive of bank debt,working capital deficiency, expected deal costs.

Xstate Resources obtained shareholder approval to raise up to A$3 million

Tuesday, 31 May 2016 09:22pm EDT

Xstate Resources Ltd : Xstate obtained shareholder approval on 31 may 2016 to raise up to $3 million . Xstate is advancing discussions in relation to these potential transactions, which the board believe can be progressed rapidly . Currently conducting due diligence of producing assets onshore California . Xstate has identified a number of oil projects in California that are in production .

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