ClearStream announces New Project Awards and Contract Renewals

CALGARY, Alberta, Feb. 24, 2021  -- ClearStream Energy Services Inc. (“ClearStream”) (TSX: CSM) is pleased to announce several new project awards and contract renewals that were booked with major upstream, midstream and downstream energy companies across North America during the period from October 1, 2020 to the date of this press release. These awards and renewals are estimated to generate approximately $150 million in backlog.   Approximately one-third of this amount relates to a new five-year contract to provide turnaround and maintenance services for a major oil sands production company.
 
The work will be executed by ClearStream’s Flint, ClearWater, Environmental, Universal Weld Overlays and Wear Technologies divisions and will be comprised of Maintenance, Turnarounds, Fabrication, Pipeline and Facility Construction, Electrical and Instrumentation, Corrosion and Abrasion Wear Technologies, and Abandonment and Reclamation services. Most of the work will be executed in 2021 with the balance scheduled for 2022-2025.
 
“These recent contract awards and renewals continue to demonstrate that we are a trusted service provider for our clients. We expect additional activity to be booked in the next few months as clients engage in early planning activities to secure capacity for the spring and fall turnaround seasons over the next two years. We are proud to offer and serve our clients with a suite of more than 40 services that encompass the full project lifecycle”, said Yves Paletta, Chief Executive Officer.
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Vermilion Energy Inc. Announces $0.23 CDN Cash Dividend for February 18, 2020 Payment Date

CALGARY, Jan. 15, 2020 - Vermilion Energy Inc. ("Vermilion") (TSX, NYSE: VET) is pleased to announce a cash dividend of $0.23 CDN per share payable on February 18, 2020 to all shareholders of record on January 31, 2020. The ex-dividend date for this payment is January 30, 2020. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). As previously announced, we are phasing out the Dividend Reinvestment Plan ("DRIP") over the course of 2020. We will be prorating the available DRIP shares by 25% each quarter starting in Q1 2020, until completely eliminated in Q4 2020. For those investors that would like to continue reinvesting the cash portion of their dividends in Vermilion shares, we encourage you to contact your brokerage firm about setting up an automated reinvestment plan to purchase shares on the open market.
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Inter Pipeline Announces January 2020 Cash Dividend

CALGARY, Jan. 9, 2020 - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) announced today the declaration of a cash dividend of $0.1425 per share for January 2020. This dividend will be paid on or about February 14, 2020 to shareholders of record on January 22, 2020. This dividend is designated as an "eligible dividend" for Canadian tax purposes.
 
Since inception, Inter Pipeline has distributed approximately $5.8 billion in cash payments to investors. Inter Pipeline's objective is to provide investors with sustainable monthly cash dividends, with dividend growth upside tied to the development of Inter Pipeline's portfolio of growth projects.
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MEG Energy Responds to Husky Energy's Announcement of an Intention to Make an Unsolicited Offer

Shareholders Advised to Take No Action Pending Review of Offer
 
CALGARY, Sept. 30, 2018  - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Company") acknowledges today's announcement by Husky Energy Inc. ("Husky") that Husky intends to make an unsolicited offer to acquire all of the issued and outstanding common shares of MEG.
 
The MEG Board of Directors will consider and evaluate the Husky offer and related take-over bid circular, if and when received. To assist the Board in this process the Board has formed a special committee comprised of independent directors (the "Special Committee") and has retained financial and legal advisors. 
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Molori Acquires 11,000 Acres with Red Cave Access and Plans to Drill 8 Wells as Operator 2017-10-26 09:39 ET - News Release

Borger, Texas--(Newsfile Corp. - October 26, 2017) - Molori Energy Inc. (TSXV: MOL) (OTCQB: MOLOF) ("Molori" or the "Company") is pleased to announce the signing of a definitive agreement to secure a 75% working interest in certain oil and gas leases, known formally as the "Red Cave Leases" in District 10, Texas. The acquisition of these leases, covering 11,000 acres with access to Red Cave, and with access to other formations, is a key milestone of Phase 1 of Molori's development plan.

Phase 1 of Molori's development plan includes the acquisition of the Red Cave Leases, the identification of appraisal well locations upon the Red Cave Leases and the drilling of those appraisal wells. While engaged in Phase 1, the Company has already identified, and has been actively pursuing 40,000 additional acres, with access to Red Cave and other prospective formations.

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