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Transeuro Energy Corp. issues an update on its Ukraine operations
Transeuro Energy Corp. ("Transeuro" or the "Company") issues an update on its Ukraine operations.

date.png16 Feb 2011 08:07 | comments.png 0 Comments | tags.png transeuro tsx ukraine upstream [ More ]

Sonde Resources Corp. Announces Sale of Liberty Natural Gas LLC and Update on Sale of Trinidad Assets
Sonde Resources Corp. (“Sonde”) (TSX: SOQ) (NYSE Amex LLC: SOQ) announced today that it has entered into a letter of intent providing for the sale of Liberty Natural Gas LLC (the “Company”) which owns a 100% working interest in the Liberty Natural Gas LNG project. Under the proposed sale, Sonde will receive cash consideration of U.S.$7,320,000 upon closing, plus deferred cash consideration of $17,500,000 payable upon any subsequent change of control of the Company, or following the Company’s first successful gas delivery. The proposed sale is subject to the execution of definitive documentation and government approvals which are expected within the next 60 days.

date.png31 Jan 2011 06:49 | comments.png 0 Comments | tags.png lng sonde tsx usa [ More ]

Transeuro Energy Corp weekly update on its Ukraine operations.
Transeuro Energy Corp. ("Transeuro" or the "Company") issues a weekly update on its Ukraine operations.

date.png25 Jan 2011 11:31 | comments.png 0 Comments | tags.png gas transeuro tsx ukraine [ More ]

Petrolifera Petroleum Limited Enters into Arrangement Agreement with Gran Tierra Energy
Petrolifera Petroleum Limited ("Petrolifera" or the "Company") (PDP - TSX) announced today that it
has entered into an arrangement agreement (the "Arrangement Agreement") with Gran Tierra Energy Inc. ("Gran Tierra Energy") pursuant to which Gran Tierra Energy will acquire all of the issued and outstanding common shares of Petrolifera ("Petrolifera Shares") and all of the issued and outstanding common share purchase warrants of Petrolifera ("Petrolifera Warrants") pursuant to a plan of arrangement (the "Arrangement"). This transaction is the result of an extensive process conducted by a Special Committee, which consisted of three independent directors of Petrolifera and by RBC Capital Markets, as financial advisor, to consider strategic alternatives available to
Petrolifera, including a thorough canvass of third party transaction alternatives and a possible recapitalization of the Company, that commenced on September 7, 2010.

date.png19 Jan 2011 12:30 | comments.png 0 Comments | tags.png deals gran-tierra petrolifera tsx [ More ]

UNX Energy Corp. (TSX-V: UNX) ("UNX"), an emerging oil and gas company with offshore interests in the Republic of Namibia, has signed a 3D seismic contract with Petroleum Geo-Services (OAX: PGS). UNX plans to acquire approximately 1,125 km2 of 3D seismic on the 90%-owned Exploration Licence 2815, consisting of Blocks 2815, 2816 and 2916, offshore Namibia. The program will target various features on the blocks, and is expected to commence in mid-February, 2011. The seismic program will be funded from proceeds raised in July and November of 2010.

date.png19 Jan 2011 12:17 | comments.png 0 Comments | tags.png namibia tsx unx-energy upstream [ More ]

Tourmaline Oil Corp. Announces Closing Of $228 Million Initial Public Offering
Tourmaline Oil Corp. ("Tourmaline") is pleased to announce that it has closed its initial public offering of 10,000,000 common shares at a price of $21.00 per share. Concurrent with the closing of the initial public offering, Michael L. Rose and Robert N. Yurkovich, directors and senior officers of Tourmaline, purchased a total of 850,000 common shares at the offering price of $21.00 per share on a private placement basis. The gross proceeds from the offering and concurrent private placement totalled $227.85 million.

date.png24 Nov 2010 08:27 | comments.png 0 Comments | tags.png canada investing ipo tourmaline tsx [ More ]

Brownstone Tests 2,225 Bopd From Lower Mirador Reservoir Of The Canaguay #1 Well, Llanos Basin, Colombia
Brownstone Ventures Inc. (TSXV: “BWN”) (“Brownstone”) is pleased to announce an oil discovery in the Lower Mirador Formation at the well Canaguay - 1 on the Canaguaro Block in Colombia. Brownstone has a 25% working interest in the Canaguaro Block. Partners in the project are Quetzal Energy Ltd. (TSXV: “QEI”) ("Quetzal" or the “Operator”) (25% working interest and operator) and Condor Exploration Inc. (50% working interest).

date.png24 Nov 2010 06:30 | comments.png 0 Comments | tags.png brownstone colombia tsx upstream [ More ]

UNX Energy Announces $30,030,000 Bought Deal Financing
UNX Energy Corp. (TSXV: UNX) (“UNX” or the “Company”), a junior oil and gas company with interests offshore Namibia, is pleased to announce that it has entered into an agreement with Macquarie Capital Markets Canada Ltd. (“Macquarie”), on behalf of a syndicate of underwriters led by Macquarie that includes Cormark Securities Inc., Clarus Securities Inc., FirstEnergy Capital Corp., Raymond James Ltd. and Octagon Capital Corp. (collectively the “Underwriters”) pursuant to which the Underwriters have agreed to purchase for resale to the public, on a bought deal basis, 9,100,000 common shares of the Company (“Common Shares”) (the “Offered Shares”) at CAD$3.30 per Common Share (the “Issue Price”) for gross proceeds of CAD$30,030,000 (the “Offering”). The Company has also granted to the Underwriters an over-allotment option entitling the Underwriters to acquire, at the Issue Price, up to an additional 1,365,000 Common Shares or such lesser number of Common Shares equal to the over-allocation position determined at the closing of the Offering. The over-allotment option is exercisable by the Underwriters, in whole or in part, at any time for 30 days following closing of the Offering.

date.png26 Oct 2010 12:11 | comments.png 0 Comments | tags.png canada investing namibia tsx unx upstream [ More ]
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