Molori Energy Adds To Production

Vancouver, British Columbia--(March 23, 2017) - Molori Energy Inc. (TSX-V: MOL) (OTCQB: MOLOF) ("Molori" or the "Company") is pleased to announce that as part of its continuing re-development program, the Company has, in the past 60 days, successfully returned to production the State A and State C leases in Hutchinson County, Texas.  The total portfolio of available well inventory in these leases is 42 oil wells and 12 gas wells (total of 54 wells).  Of the 54 wells in inventory, 20 have been returned to production adding an average of 70 barrels of oil equivalent per day ("BOEPD")* of production (comprised of oil and high BTU gas). 
 
In addition, our Texas-based operating partner Ponderosa Energy, has successfully rehabilitated roads, reconnected gas sales flow-lines, and restructured storage facilities on the State A and State C leases.  A third party analysis was conducted, and proved commercial quantities of high-BTU gas (in excess of 1600 BTU) which has generated a substantial premium in sales price in relation to spot NYMEX.
Published: 23 March 2017
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Trican and Canyon to Combine to Create Premier Canadian Pressure Pumping Company

CALGARY, ALBERTA--(March 22, 2017) - Trican Well Service Ltd. ("Trican") (TSX:TCW) and Canyon Services Group Inc. ("Canyon") (TSX:FRC) are pleased to announce that they have entered into an arrangement agreement (the "Arrangement Agreement") pursuant to which Trican has agreed to acquire all of the issued and outstanding common shares of Canyon (the "Canyon Shares") on the basis of 1.70 common shares of Trican (the "Trican Shares") for each outstanding Canyon Share (the "Transaction").
 
The consideration to be received by Canyon shareholders reflects a value of $6.63 per Canyon Share based on the closing price of Trican Shares on the Toronto Stock Exchange (the "TSX") on March 21, 2017, which represents a 32% premium over the closing price of Canyon Shares on the TSX on March 21, 2017. The aggregate Transaction value is approximately $637 million, including the assumption of approximately $40 million in Canyon debt. Upon completion of the Transaction, existing holders of Trican Shares and Canyon Shares will collectively own approximately 56% and 44% of the combined company, respectively.
Published: 22 March 2017
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Journey Energy Inc. Reports its 2016 Financial Results, Announces Strategic Acquisition, and Updates 2017 Guidance

CALGARY, March 20, 2017 - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to announce its financial results for 2016.  The complete set of financial statements and management discussion and analysis for the year ended December 31, 2016 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca.
 
HIGHLIGHTS
Strategic Acquisition
 
Journey is pleased to announce that it has entered into a purchase and sale agreement with a private company to acquire interests in our Central Alberta core for an aggregate purchase price of approximately $35.6 million (the "Acquisition"), comprised of $29.6 million of cash and 2.1 million common shares of Journey. 
Published: 21 March 2017
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Ithaca Energy Inc Announces Recommended Takeover by Delek

ABERDEEN, SCOTLAND--(Marketwired - Feb 6, 2017) - Ithaca Energy Inc (TSX: IAE) (LSE: IAE) 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS IN THAT JURISDICTION.
 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU NO. 596/2014).
 
Ithaca Energy Inc. Recommended Takeover by Delek - 6 February 2017
 
Ithaca Energy Inc. (TSX: IAE; LSE: IAE) ("Ithaca" or the "Company") is pleased to announce that it has entered into a definitive support agreement (the "Agreement") with Delek Group Ltd ("Delek") on the terms of a cash takeover bid for all of the issued and to be issued common shares of Ithaca not currently owned by Delek or any of its affiliates for C$1.95 per share (the "Offer").
Published: 06 February 2017
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ClearStream Energy Services Inc. Announces Major Contract Renewal

CALGARY, ALBERTA--(Jan. 4, 2017) - ClearStream Energy Services Inc. ("ClearStream") (TSX:CSM) is pleased to announce that it has successfully renewed a five year maintenance contract with a major oilsands producer in the Fort McMurray region. This contract will be carried out by ClearWater Energy Services, a subsidiary of ClearStream and is expected to generate approximately $390 million of revenue over the term of the contract.
 
"We are extremely pleased with this strategic win that will allow us to continue a longstanding relationship with a valuable customer. ClearStream has provided maintenance services to customers in the Fort McMurray region for over 25 years and this major contract renewal provides us with the stability to maintain and grow our presence in the Fort McMurray region for years to come," said John W. Cooper, Chief Executive Officer of ClearStream.
Published: 04 January 2017
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