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Oil & Gas Exploration and Production

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Jana Partners reports 5.8 pct stake in EQT Corp - SEC filing

Monday, 3 Jul 2017 10:02am EDT

July 3 (Reuters) - Jana Partners LLC::Jana Partners LLC reports 5.8 percent stake in EQT Corp as of June 23 - SEC filing.Acquired EQT shares because they believe shares are undervalued and represent an attractive investment opportunity.Also prepared, if necessary, to nominate individuals for election to EQT Corp's board and to participate in solicitation of proxies.Intends to have discussions with EQT regarding pursuing immediate breakup of EQT into separately traded E&P business, midstream business.Intends to have discussions with EQT’s shareholders, board, management regarding voting against shareholder approval of Rice Energy Acquisition.Intends to have discussions with EQT’s shareholders, board, management, other interested parties regarding board structure, composition​.

Jana Partners reports 5.8 pct stake in EQT Corp - SEC filing

Monday, 3 Jul 2017 10:02am EDT

July 3 (Reuters) - Jana Partners LLC::Jana Partners LLC reports 5.8 percent stake in EQT Corp as of June 23 - SEC filing.Acquired EQT shares because they believe shares are undervalued and represent an attractive investment opportunity.Also prepared, if necessary, to nominate individuals for election to EQT Corp's board and to participate in solicitation of proxies.Intends to have discussions with EQT regarding pursuing immediate breakup of EQT into separately traded E&P business, midstream business.Intends to have discussions with EQT’s shareholders, board, management regarding voting against shareholder approval of Rice Energy Acquisition.Intends to have discussions with EQT’s shareholders, board, management, other interested parties regarding board structure, composition​.

Corvex Management LP reports 7.6 pct stake in Energen Corp as of June 26

Wednesday, 28 Jun 2017 08:15am EDT

June 28 (Reuters) - Energen Corp :Corvex Management LP - On June 27, delivered a letter to Energen Corp's board of directors - SEC Filing.Corvex Management LP - In letter, expressed disappointment with Energen's decision to continue with status quo business plan without conducting road show with shareholders.Corvex Management LP - In letter, believe Energen did not conduct substantive review of alternatives to maximize shareholder value.Corvex Management LP - In letter, urge Energen board to re-examine conclusions as to best direction for co after receiving feedback from shareholders.Corvex Management LP reports 7.6 percent stake in Energen Corp as of June 26 versus 6.6 percent stake as of June 14.

Oil & Natural Gas Corp facilitates startups under flagship programme of India govt

Friday, 23 Jun 2017 08:59am EDT

June 23 (Reuters) - Oil & Natural Gas Corporation Ltd ::Says ONGC facilitates startups under flagship programme of Government of India.

Pedevco terminates pending merger with GOM Holdings, enters into LoI with investor group

Thursday, 22 Jun 2017 02:58pm EDT

June 22 (Reuters) - Pedevco Corp :Pedevco Corp - recently entered into a new non-binding letter of intent with a Hong Kong-based investor group.Pedevco Corp - the investor group has expressed an interest in funding development of co’s oil and gas assets and restructuring the co’s debt.Pedevco Corp says on June 22, Co terminated its pending merger with GOM Holdings LLC - SEC filing.Pedevco Corp - has no further obligations or termination liabilities due or owing to GOM under GOM merger agreement as a result of termination.Pedevco Corp - transactions contemplated in letter of intent, if consummated, may result in significant dilution to existing shareholders.Pedevco Corp - Co and the investor group signed a non-binding term sheet which includes a binding 90-day no-shop period expiring in late August 2017.Pedevco Corp - Terminated its pending merger with GOM holdings as Pedevco sees a more certain and favorable transaction with new investor group.

EQT Corp to acquire Rice Energy for $6.7 billion

Monday, 19 Jun 2017 07:54am EDT

June 19 (Reuters) - Eqt Corp :Eqt corporation to acquire rice energy for $6.7 billion.Eqt corporation to acquire rice energy for $6.7 billion.Eqt corp - deal consisting of 0.37 shares of eqt common stock and $5.30 in cash per share of rice common stock.Eqt corp - eqt will also assume or refinance approximately $1.5 billion of net debt and preferred equity.Eqt corp - eqt will also assume or refinance approximately $1.5 billion of net debt and preferred equity.Eqt corp - transaction is expected to close in q4 of 2017.Eqt corp says boards of directors of both companies have unanimously approved transaction.Eqt corp - eqt will also obtain rice's midstream assets, including a 92% interest in rice midstream gp holdings lp.Eqt corp - boards of directors of both companies have unanimously approved transaction.Eqt - retained midstream assets, which eqt intends to sell to eqm in future through drop-down deal, are expected to generate about $130 million of ebitda in 2018.

Liquefied Natural Gas says ‍board has authorized management to explore possibility of redomiciling to and listing in U.S.

Wednesday, 7 Jun 2017 07:48pm EDT

June 8 (Reuters) - Liquefied Natural Gas Ltd -:‍Board has authorized co's management to explore possibility of redomiciling to us along with listing on either nyse or nasdaq."At this stage, board has not specified a timetable for a decision on potential transaction"​.

Sunshine Oilsands says corporation enters subscription agreement with subscriber Prime Union

Monday, 5 Jun 2017 07:48am EDT

June 5 (Reuters) - Sunshine Oilsands Ltd <2012.HK>:Corporation entered into subscription agreement with subscriber prime union.Deal for an aggregate cash consideration of hk$ 106.5 million.corporation to allot and issue, an aggregate of 455.1 million subscription shares at subscription price of hk$0.234.net proceeds from subscription is expected to be approximately hk$106 million.intends to apply net proceeds as funds for future development of existing business , including funding op. Costs of west ells project.

APA Group buys Orbost gas processing plant

Wednesday, 31 May 2017 07:18pm EDT

June 1 (Reuters) - APA Group :buys the Orbost gas processing plant.Total cost of upgrade project, including acquisition costs, is expected to be in order of $270 million.entered into agreements with cooper energy to purchase, upgrade and operate orbost gas processing plant.transaction remains subject to cooper energy completing a debt raising and making a final investment decision on sole gas project.

Rooster Energy says been unable to complete requisite financial disclosures within mandated time frame

Tuesday, 30 May 2017 07:03pm EDT

May 30 (Reuters) - Rooster Energy Ltd :Rooster energy ltd. Provides update regarding quarterly financial statement filing.Rooster energy- remains under significant cash constraints and been unable to complete requisite financial disclosures within mandated time frame.Rooster energy - if unable to restructure senior secured notes, co would in all likelihood exercise alternatives to preserve going concern value of co.Rooster energy -alternatives could include filing voluntary petition for relief under chapter 11 of u.s. Bankruptcy code or similar restructuring laws.

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