Africa Oil Announces Farm-Out Deal With Maersk Oil for Kenya and Ethiopia Blocks and Conference Call

VANCOUVER, BRITISH COLUMBIA--(Nov 9, 2015) - Africa Oil Corp. ("Africa Oil" or the "Company") (AOI.TO)(AOI.ST) is pleased to announce that it has entered into a definitive farmout agreement with Maersk Oil & Gas A/S, a Danish oil and gas company owned by the Maersk Group ("Maersk") whereby Maersk will acquire 50% of Africa Oil's interests in Blocks 10BB, 13T and 10BA in Kenya and the Rift Basin and South Omo Blocks in Ethiopia in consideration for reimbursement of a portion of Africa Oil's past costs and a future carry on certain exploration and development costs.

Under the terms of the farm-out agreement, upon closing of the transaction Maersk will pay Africa Oil US$350 million as reimbursement for approximately 50% of past costs incurred by Africa Oil prior to the agreed March 31, 2015 effective date.

Duke Energy to acquire Piedmont Natural Gas for $4.9 billion in cash

Establishes an attractive natural gas growth platform that expands Duke Energy's capabilities for customers
Transaction expected to be accretive to Duke Energy's adjusted earnings per share (EPS) in first full year post-closing
Enhances Duke Energy's long-term 4 to 6 percent earnings per share growth rate target

CHARLOTTE, N.C., Oct. 26, 2015  -- Duke Energy and Piedmont Natural Gas today announced the boards of directors of both companies have unanimously approved a definitive agreement for Duke Energy to acquire Piedmont for approximately $4.9 billion in cash.

"We look forward to welcoming Piedmont's employees and one million customers in the Carolinas and Tennessee to Duke Energy," said Lynn Good, president and CEO of Duke Energy. "This combination provides us with a growing natural gas platform, benefitting our customers, communities and investors."

Falcon Oil & Gas Ltd.: Preliminary Results of Second Beetaloo Well, Amungee NW-1 and Acceleration of Drilling Program With First Horizontal Well Brought Forward to 2015

DUBLIN, IRELAND--(Marketwired - Oct 22, 2015) - Falcon Oil & Gas Ltd. (TSX VENTURE:FO)(FOG.L)(FAC) is pleased to announce that drilling operations have successfully concluded on the Amungee NW-1 well. Results encountered are very encouraging, with the well drilled to a total depth ("TD") of 2,611 meters.

Preliminary evaluation of the Amungee NW-1 vertical exploration well confirms:

• The continuation of the Middle Velkerri formation 25 kilometres east of the first 2015 Beetaloo Basin well drilled, Kalala S-1, falling in a highly prospective gas mature depth window;
• A gross interval of over 500 meters shale gas sequence with net pay exceeding 150 meters;

  Published: 22 October 2015

  Written by Editor

  Drill Results   Up on News   TSXV  

  Read more: Falcon Oil & Gas Ltd ( FO )

ORLEN Upstream Canada Ltd. to Acquire Kicking Horse Energy Inc.

CALGARY, AB--(October 13, 2015) - ORLEN Upstream Canada Ltd. ("ORLEN Upstream Canada"), a wholly owned subsidiary of PKN ORLEN S.A. ("PKN ORLEN") (WSE:PKN), and Kicking Horse Energy Inc. ("Kicking Horse") (TSX VENTURE: KCK) announced today that they have entered into a definitive agreement (the "Arrangement Agreement") pursuant to which ORLEN Upstream Canada will acquire all of the outstanding common shares of Kicking Horse for C$4.75 per share in cash. The transaction is to be completed by way of a plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement").

The consideration payable pursuant to the Arrangement represents a 47% premium to the most recent closing price of Kicking Horse's common shares on the TSX-V and a 60% premium to the 20 day volume weighted average trading price of Kicking Horse's common shares for the period ended October 9, 2015, being a total equity purchase price of C$293 million. The total transaction value, including the assumption of Kicking Horse's current net debt and amounts to be paid under the Arrangement to retire in-the-money Kicking Horse options, is approximately C$356 million.