Equity

CompanyExchange / SymbolHeadquartersAmountComments

Linn Energy LLCNasdaq: LINEHoustonUS$1.5 billionPlans to privately place approximately 48 million units at a blended price of US$31.25 each to Lehman Brothers MLP Opportunity Fund, Zimmer Lucas Partners LLC and GPS Partners LLC to fund its acquisition of Midcontinent assets from Dominion. Lead placement agents are Lehman Brothers Inc., Citigroup Global Markets Inc. and RBC Capital Markets Corp.

XTO Energy Inc.NYSE: XTOFort Worth, TexasUS$1 billionPublicly offered 17.3 million shares at US$60.50 each to fund its acquisition of assets in the Rockies, Gulf Coast, San Juan Basin and southern Louisiana from Dominion Resources Inc. Joint book-running managers were Lehman Brothers, Goldman Sachs and Morgan Stanley.

Whiting Petroleum Corp.NYSE: WLLDenverUS$202 millionPublicly offered 5 million shares at US$40.50 each to pay for capex related to drilling and well completion at its Boies Ranch and Jimmy Gulch prospect areas in the Piceance Basin and Robinson Lake prospect area in the Williston Basin. Merrill Lynch & Co. and J.P. Morgan Securities Inc. were joint book-running managers.

EV Energy Partners LPNasdaq: EVEPHoustonUS$120 millionPrivately placed 3.4 million units at US$34.50 each for a total US$117.6 million and its general partner made a capital contribution of US$2.4 million to pay borrowings from its revolving credit facility used to acquire the Monroe Field assets in Louisiana and to fund a portion of its planned Central / East Texas acquisition. Zimmer Lucas Partners LLC was lead investor of the private placement, Lehman Brothers MLP Opportunity Fund LP and Swank Capital LLC were co-leaders and Alerian Capital Management LLC, funds managed by Fiduciary Asset Management LLC, GPS Partners LLC, Hartz Capital MLP LLC and Tortoise Capital Resources Corp. were investors.

Venoco Inc.NYSE: VQDenverUS$120 millionPlans to publicly offer 6.1 million shares at US$19.73 each to pay debt and fund capex. Credit Suisse Securities (USA) LLC and Lehman Brothers Inc. are joint book-running managers.

Arena Resources Inc.NYSE: ARDTulsa, Okla.US$100 millionPrivately placed 2.1 million shares at US$49 each to pay debt, drilling and development costs, capex and general working capital. Dahlman Rose & Co. LLC was lead book-running placement agent and SunTrust Robinson Humphrey, Capital One Southcoast Inc., C.K. Cooper & Co. and Pritchard Capital Partners LLC were co-placement agents.

Universal Compression Partners LPNasdaq: UCLPHoustonUS$70 millionPlans to privately place approximately 2 million units at US$34.75 each to fund a portion of the acquisition of compressor units and customer contracts from Universal Compression Holdings Inc.

Gentry Resources Ltd.Toronto: GNYCalgaryC$65 millionSold 12.5 million subscription receipts at C$4 each and 3.8 million shares at C$4 each to fund its acquisition of Alberta assets from Bow Valley Energy Ltd.

North American Energy Partners Inc.Toronto, NYSE: Acheson, AlbertaC$61.1 millionPlans to publicly offer 2.9 million shares at approximately C$21.25

NOAeach.

Transmeridian Exploration Inc.Amex: TMYHoustonUS$55 millionPrivately placed 550,000 junior redeemable convertible preferred shares at US$100 each to pay the interest on its senior secured notes due 2010 and for working capital and general corporate purposes.

CanArgo Energy Corp.Amex: CNRGuernsey, U.K.US$46.5 millionAssociated company Tethys Petroleum Ltd. plans to sell 18.2 million shares at approximately US$3.68 each to fund acquisitions and E&P, pay debt and for working capital.

BPZ Energy Inc.Amex: BZPHoustonUS$37.7 millionSold an overallotment of 500,000 shares at US$5.40 each for a total US$2.7 million, bringing the total to 7.2 million shares, to fund E&P in Block XXIII in Peru. Morgan Keegan & Co. is financial advisor.

Double Eagle Petroleum Co.Nasdaq: DBLECasper, Wyo.US$35 millionIncreased its offering from 1.2 million to 1.4 million 9.25% series A cumulative preferred shares at US$25 each to pay debt, fund drilling and development of its Atlantic Rim properties and for other general corporate purposes. Ferris, Baker Watts Inc. is underwriter.

Southern Pacific Resource Corp.CDNX: STPCalgaryC$32 millionPrivately placed 11 million units at C$2.90 each to fund its acquisition of 76 sections of land in the Fort McMurray area of Alberta. Canaccord Capital Corp. was lead syndicate agent and Blackmont Capital Inc. and Jones, Gable & Co. Ltd. were syndicate agents.

GeoGlobal Resources Inc.Amex: GGRCalgaryUS$28.4 millionSold 5.7 million units at US$5 each to fund E&P of its NELP-VI blocks offshore India and for general corporate purposes. Primary Capital Inc. and Jones, Gable & Co. Ltd. were agents.

Loon Energy Inc.Toronto CalgaryC$25 millionPlans to privately place 25 million shares at C$1 each to Kulczyk Group

Venture: LEYInternational Sarl.

Nido Petroleum Ltd.Australia: NDOPerth, AustraliaUS$18 millionPrivately placed 78.2 million shares at US$0.23 each to fund seismic and drilling in the Philippines. Merrill Lynch was manager.

Ken-Tex Energy Corp.NADallasUS$10.8 millionReceived growth capital from Prospect Capital Corp. to fund the acquisition of increased working interest in its leasehold.

Richards Oil & Gas Ltd.Toronto Venture: CalgaryC$10 millionAmended its private placement and will now offer 31.3 million sub-

RIXscription receipts at C$0.32 each to fund development of its Horseshoe Canyon coalbed-methane properties in Alberta and for general corporate purposes. Octagon Capital Corp. is agent.

Enhanced Oil Resources Inc.Toronto HoustonC$9 millionPrivately placed 7.3 million units at C$1.24 each to fund the acquisi-

Venture: EORtion of an oilfield in New Mexico and for general corporate purposes. Union Securities Ltd. is agent.

Providence Resources Inc.OTCBB: PVRSVancouverC$3.9 millionPlans to sell 12.7 million shares at approximately C$0.31 each.

Advanced Explorations Inc.Toronto TorontoC$3.1 millionPrivately placed 1.8 million units at C$1.25 each and 613,000 flow-

Venture: AXIthrough shares at US$1.50 each to fund E&P. D&D Securities Co. and Octagon Capital Corp. were agents.



DEBT

Deep Well Oil & Gas Inc.Pink Sheets: DWOGEdmonton, AlbertaC$2 millionPrivately placed 5 million units at C$0.40 each to develop its Sawn Lake property in Alberta and for general corporate purposes.

Genoil Inc.OTCBB: GNOLFCalgaryUS$1.9 millionPrivately placed 3.6 million units at US$0.52 each.

Costa Energy Inc.Toronto CalgaryC$1.5 millionPlans to privately place up to 13.6 million units at C$0.11 each to fund

Venture: COEdevelopment of wells in the Alderson and Edmonton areas of Alberta.

Nordic Oil and Gas Ltd.Toronto Winnipeg, ManitobaC$1.2 millionPlans to privately place 4 million units at C$0.30 each to fund its acqui-Venture: NOGsition of approximately 8,000 lease acres in the Peace River Arch and Lloydminster regions of Alberta.

Unitech Energy Resources Inc.Toronto CalgaryC$1.1 millionPlans to privately place 2.5 million flow-through shares at C$0.23 each

Venture: URXand 2.5 million units at C$0.20 each to fund E&P and general corporate purposes.

Eurasia Energy Ltd.OTCBB: EUENAberdeenshire, U.K.US$1 millionPlans to privately place 4 million units at US$0.25 each to fund its legal defense against the commercial action brought against it by Commonwealth Oil & Gas Co. Ltd. in Scotland.

Canary Resources Inc.Pink Sheets: CYRRStilwell, Kan.US$585,000Privately placed 1.5 million units at US$0.40 each to develop coalbed-methane in the eastern Forest City Basin of Kansas and Missouri.

Linn Energy LLCNasdaq: LINEHoustonUS$1.9 billionReceived a firm commitment to backstop its credit facility. RBC Capital Markets is lead agent and BNP Paribas is co-lead agent.

McMoRan Exploration Co.NYSE: MMRNew OrleansUS$1.6 billionReceived a US$800-million secured revolving bank credit facility and a US$800-million interim bridge loan facility to fund its acquisition of Gulf of Mexico assets from Newfield Exploration Co., pay debt and provide working capital. JPMorgan and Merrill Lynch & Co. provided the commitments.

Forest Oil Corp.NYSE: FSTDenverUS$1.4 billionAmended and restated the initial borrowing base of its credit facility due 2012 to fund its acquisition of The Houston Exploration Co.

El Paso Corp.NYSE: EPHoustonUS$1.3 billionPlans to publicly offer unsecured senior notes to fund the redemption of subsidiary El Paso Exploration & Production Co.'s 7.75% senior notes due 2013 and general corporate purposes. Deutsche Bank Securities Inc. is agent.

Devon Energy Corp.NYSE: DVNOklahoma CityUS$1 billionEntered a 364-day unsecured revolving senior credit facility to provide the company provisional interim liquidity until it receives the proceeds from divestitures of assets in Africa. Banc of America Securities LLC and J.P. Morgan Securities Inc. are lead syndicate agents.

Petroleum Geo-Services ASAOslo, NYSE: PGSOslo, NorwayUS$800 millionPlans to establish a senior secured credit facility consisting of an eight-year US$500-million term loan B and a five-year US$300-million revolving credit facility to pay existing credit facilities.

Energy XXI (Bermuda) Ltd.OTCBB: EXXIFHoustonUS$750 millionPublicly offered senior notes due 2013 and amended and restated its first-lien revolving credit facility to increase its borrowing capacity to fund redemption of its second-lien facility and acquire Gulf shelf assets from Pogo Producing Co. The joint-arrangers were Jefferies & Co., The Royal Bank of Scotland and BNP Paribas.

Forest Oil Corp.NYSE: FSTDenverUS$750 millionPrivately placed 7.25% senior notes due 2019 to fund the cash portion of its acquisition of The Houston Exploration Co.

Opti Canada Inc.Toronto: OPCCalgaryUS$750 millionPlans to privately offer senior secured notes to retire debt and fund a portion of costs associated with Phase 1 of the Long Lake project in Alberta and upfront development costs for Phase 2.

Plains Exploration & Production Co.NYSE: PXPHoustonUS$600 millionSold 7.75% senior notes due 2015 to pay borrowings from its revolving credit facility. J.P. Morgan Securities Inc. and Lehman Brothers Inc. were underwriters.

Penn West Energy TrustToronto: PWTCalgaryUS$475 millionSubsidiary Penn West Petroleum Ltd. privately placed US$160 million of 5.68% notes due 2015, US$155 million of 5.8% notes due 2017, US$140 million of 5.9% notes due 2019 and US$20 million of 6.05% notes in 2022 to pay a portion of other debt.

W&T Offshore Inc.NYSE: WTIHoustonUS$450 millionPrivately placed 8.25% notes due 2014 to pay outstanding debt.

Bristow Group Inc.NYSE: BRSHoustonUS$300 millionPlans to privately place 7.5% senior notes due 2017 to fund the acquisition of aircraft and for general corporate purposes.

Team Inc.Nasdaq: TISIAlvin, TexasUS$135 millionIncreased the borrowing capacity of its senior credit facility due 2012 by US$60 million to fund its acquisition of Aitec Inc.

North American Energy Partners Inc.Toronto, NYSE: Acheson, AlbertaC$125 millionIncreased its revolving credit facility for growth capital with a syndicate

NOAof four lenders. Canadian Imperial Bank of Commerce (CIBC) is lead arranger and administrative agent, Bank of Montreal is syndication agent and BNP Paribas and Scotiabank are agents.

Parker Drilling Co.NYSE: PKDHoustonUS$115 millionPlans to publicly offer 2.125% convertible senior notes due 2012 to fund the redemption of outstanding senior floating rate notes due 2010 and for general corporate purposes. Banc of America Securities LLC is book-running manager and Deutsche Bank Securities and Lehman Brothers are co-managers.

Mullen Group Income FundToronto: MTL-UNCalgaryUS$104 millionPrivately placed US$85 million in series E notes due 2017 and C$20 million (US$18.8 million) in series F notes to fund corporate acquisitions, internal growth opportunities and other general corporate purposes.

Gentry Resources Ltd.Toronto: GNYCalgaryC$72.5 millionIncreased its credit facility from C$50 million to fund its acquisition of Alberta assets from Bow Valley Energy Ltd.

Frontera Resources Corp.London: FRRHoustonUS$67 millionPrivately placed an additional US$20.5 million in convertible unsecured notes due May 2012 as overallotment to fund its E&P projects in Block 12, Georgia.

Abraxas Petroleum Corp.Amex: ABPSan AntonioUS$60 millionClosed a senior-secured credit facility to fund capex and provide financial flexibility. SG Americas Securities LLC was book-runner and arranger and Societe Generale was administrative agent.

Geokinetics Inc.Amex: GOKHoustonUS$60 millionIncreased its credit facility with PNC Bank from US$39 million to fund capex and general corporate purposes.

Trans Energy Inc.OTCBB: TENGESt. Marys, Va.US$18 millionClosed a secured revolving credit facility with CIT Energy, a unit of CIT Group Inc., to fund drilling.

Ztex Energy LLCNABakersfield, Calif.US$15 millionEntered a senior credit facility with Wells Fargo Energy Capital to develop its East Gosford project in Australia. Rivington Capital Advisors LLC was financial advisor.

EnerJex Resources Inc.OTCBB: EJXROverland Park, Kan.US$2.7 millionPrivately placed three-year 10% senior secured debentures to fund development of assets and for general corporate purposes. C. K. Cooper & Co. was placement agent

Wescorp Energy Inc.OTCBB: WSCECalgaryC$2.3 millionSold 10% convertible debentures to fund general working capital.

Greentree Gas & Oil Ltd.Toronto LondonC$2 millionPlans to privately place 12% convertible unsecured debentures due

Venture: GGO2012 to fund completion of its Tilbury West oil well in Ontario, pay vendors, reduce bank debt and for general working capital.

EGPI Firecreek Inc.OTCBB: EFCRScottsdale, Ariz.US$2 millionReceived a seven-year debenture to fund the acquisition of several potential U.S.-based oil and gas properties.

Creston Resources Ltd.Pink Sheets: CSTJRoosevelt, UtahUS$1.5 millionClosed a senior secured debt issuance to pay off existing debt and for working capital.

Costa Energy Inc.Toronto CalgaryC$1.4 millionEntered a revolving line of credit C$900,000 at prime plus 1.25% and a

Venture: COEnon-revolving line of C$490,000 at prime plus 2% due 2008 to fund well development in the Alderson and Edmonton areas of Alberta. The Bank of Nova Scotia is the banker.

Comments