HOUSTON--(BUSINESS WIRE)--Erin Energy Corporation (Erin Energy or the Company) (NYSE MKT:ERN) (JSE:ERN) has scheduled release of its 2017 first quarter results to occur after close of market on Wednesday, May 10, 2017. The Company will host a conference call on Thursday, May 11, 2017 at 10:00 a.m. CT (11:00 a.m. ET) to discuss the results and update its current operations. The dial-in number to access the conference call is 1-844-883-3907 in the [Read more]
Archives for May 2017
Program Provides LEDs To Businesses At No Cost
LOS ANGELES, CA--(Marketwired - May 2, 2017) - A first-of-its-kind program, available through The LED Partnership, enables qualifying commercial buildings nationwide to receive LEDs at no cost to replace many kinds of older-technology lighting. Depending on the utility that serves the building, the program can also provide payment toward LED installation cost to replace halogen, incandescent and screw-in compact fluorescent lamps. LEDs reduce energy cost up to 80%. In addition, [Read more]
XI Technologies introduces new analysis tool: The ARO Cost Model
Estimating Asset Retirement Obligation for an asset package or an entire company is a crucial aspect of scoping A&D deals. ARO has become a key part of risk management, and a disciplined retirement strategy is essential for corporate financial planning. LLR ratios and government calculated liabilities only tell half the story. Those who can navigate these components with accuracy gain a clear advantage. As the industry leader in A&D data and analysis software, XI Technologies is [Read more]
ConocoPhillips Reports First-Quarter 2017 Results; On Track to Deliver 2017 Operating Plan and Accelerate Value Proposition
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE:COP) today reported first-quarter 2017 earnings of $0.8 billion, or $0.62 per share, compared with a first-quarter 2016 loss of $1.5 billion, or ($1.18) per share. Excluding special items, first-quarter 2017 adjusted earnings were a loss of $19 million, or ($0.02) per share, compared with a first-quarter 2016 adjusted loss of $1.2 billion, or ($0.95) per share. Special items for the current quarter were [Read more]
PrairieSky Receives TSX Approval for Renewed Normal Course Issuer Bid
CALGARY, ALBERTA--(Marketwired - May 2, 2017) - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX:PSK) is pleased to announce that theToronto Stock Exchange (the "TSX") has accepted the notice of PrairieSky's intention to commence a normal course issuer bid (the "NCIB"). PrairieSky previously purchased an aggregate of 1,429,100 common shares at a weighted average price per share of $27.98 under a normal course issuer bid that ran between May 2, 2016 and May 1, 2017. On April 24, [Read more]
Manitok Energy Inc. Discloses Highlights From Year-End Reserves Report and Announces 2016 Year-End Financial Results.
CALGARY, ALBERTA--(Marketwired - May 2, 2017) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to provide highlights from its 2016 independent reserves evaluation and announce its financial results for the fiscal year-ended December 31, 2016. 2016 Independent Reserves Evaluation Sproule Associates Limited ("Sproule"), Manitok's independent qualified reserves evaluator based in Calgary, Alberta, prepared a reserves estimation and economic evaluation [Read more]
Encana Q1 profit exceeds analyst estimates by wide margin
CALGARY - The head of Encana Corp. (TSX:ECA) says the company will continue to invest in Canada and the U.S. even if President Donald Trump erects border taxes on Canadian energy exports. The Calgary-based oil and gas firm has focused exploration and production activities on four formations over the past several years: the Permian and Eagle Ford in Texas and the Montney and Duvernay in B.C. and Alberta. A border adjustment tax could make it more difficult for Canadian producers [Read more]
Encana delivers strong first quarter results; company’s multi-basin advantage drives growth and value
CALGARY, AB--(Marketwired - May 02, 2017) - (TSX: ECA) (NYSE: ECA) Encana's first quarter performance strongly underpins its five-year plan and 2017 objectives of returning to growth by mid-year, delivering at least 20 percent production growth in its core assets from the fourth quarter of 2016 to the fourth quarter of 2017 and maintaining or enhancing efficiencies despite sector inflation. Highlights from the quarter include: net earnings of $431 million compared to a net loss of $379 [Read more]
Point Loma Resources Announces Year End Financial and Operating Results
CALGARY, AB--(Marketwired - May 01, 2017) - Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") is pleased to report financial and operating results for the three months and year ended December 31, 2016. Highlights of the period and additional updates are summarized below: HIGHLIGHTS Financial Year ended December 31, 2016 (1) Three Months ended December 31, 2016 ($ thousands, except share amounts) Gross [Read more]
Samson Oil & Gas to Repay Vendor Note
DENVER & PERTH, Australia--(BUSINESS WIRE)--Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN): Vendor Note Samson has informed the vendor holding its outstanding $4 million promissory note due May 1st that it will be paying that note in full. Samson expects to fund the repayment of the vendor note this week with a new term loan from Mutual of Omaha Bank, which will be in addition to its current $20 million revolving line with Mutual of [Read more]
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