CALGARY, Alberta, July 30, 2018 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") is pleased to provide an operational update on successful drilling and completion results from its core Princess area. Corporate average daily production based on field estimates for the week ending July 27, 2018 was approximately 6,000 boe/d (74% liquids), a 30% increase over average daily Q1 2018 production. Based on current and projected production rates, [Read more]
Archives for July 2018
Vermilion Energy Inc. Announces Results for the Three and Six Months Ended June 30, 2018
CALGARY, July 30, 2018 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and condensed financial results for the three and six months ended June 30, 2018. The unaudited financial statements and management discussion and analysis for the three and six months ended June 30, 2018, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at [Read more]
Iron Bridge’s Continued Operational Underperformance Underscores Rationale for Shareholders to Tender Their Shares to Velvet Energy’s Offer
Velvet Energy is offering Iron Bridge shareholders $0.75 in cash per common share, representing an immediate 58% premium to the $0.475 closing price of Iron Bridge common shares on May 11, 2018, the last trading day prior to the submission of Velvet’s offer letter to the Iron Bridge board of directors Iron Bridge’s recent results underscore ongoing destruction of shareholder value, confirming that the status quo is a risky and inferior alternative to Velvet’s all-cash premium Offer The [Read more]
Independent Proxy Advisory Firm Glass Lewis & Co. Recommends Junex Shareholders Vote for Plan of Arrangement
QUEBEC CITY, July 30, 2018 (GLOBE NEWSWIRE) -- Junex Inc. (“Junex”) (TSXV:JNX) announces that a second leading proxy advisory firm, Glass Lewis & Co. (“GL”), has recommended that Junex’s shareholders vote in favour of the special resolution to approve the plan of arrangement (the “Arrangement”) under which Junex would complete a business combination with Cuda Energy Inc. The special resolution will be considered at the special meeting of Junex shareholders to be held on August 2, 2018 at [Read more]
Cequence Energy Announces Refinancing of its $60 Million Notes, Planned Rights Offering, Operational Update, Outlook and Executive Team Update
CALGARY, July 27, 2018 /CNW/ - Cequence Energy Ltd. (TSX: CQE) ("Cequence" or the "Company"), is very pleased to announce a series of transactions that will refinance the Company's balance sheet, and thereby provide greater flexibility and liquidity to execute the ongoing business plan of the Company. Firstly, Cequence has entered into a refinancing agreement with CPPIB Credit Investments Inc. ("CII") providing for a $60 million second lien senior secured term loan facility due October 3, [Read more]
National rig count up by 2 to 1,048; Louisiana loses 4
HOUSTON - The number of rigs exploring for oil and natural gas in the U.S. increased by two this week to 1,048. At this time a year ago there were 958 active rigs. Houston oilfield services company Baker Hughes reported Friday that 861 rigs drilled for oil this week and 186 for gas. One was listed as miscellaneous. Among major oil- and gas-producing states, Pennsylvania gained two rigs. Alaska, Kansas, New Mexico, North Dakota, Texas and West Virginia each increased by [Read more]
Trans Mountain pipeline work to resume in August: Kinder Morgan Canada boss
EDMONTON - The head of Kinder Morgan Canada says work is to resume next month to prepare a route for the Trans Mountain pipeline expansion. Ian Anderson says the company will secure, survey and prepare the right-of-way in coming months, and First Nations will monitor the work to look for traditional artifacts and medicines. "We anticipate laying physical pipe in a prepared, surveyed, environmentally protected right-of-way early next year," Anderson said Friday. A completion date for the [Read more]
Resolute Energy Corporation to announce results for the second quarter ended June 30, 2018, will hold an investor conference call on Tuesday, August 7 at 10:00 am EDT; also announces participation in investor event
DENVER, July 27, 2018 (GLOBE NEWSWIRE) -- Resolute Energy Corporation (NYSE:REN) announced today that it will issue a press release covering operating and financial results for the second quarter ended June 30, 2018, after the market close on Monday, August 6, 2018. An investor conference call to review the second quarter results will be held on Tuesday, August 7, 2018, at 10:00 AM Eastern Daylight Time. Date: Tuesday, August 7, 2018 Time: 10:00 AM EDT / 9:00 AM CDT / 8:00 AM MDT / 7:00 AM [Read more]
Vanguard Natural Resources, Inc. to Report Q2 Earnings Results on August 13, 2018
HOUSTON, July 27, 2018 /PRNewswire/ -- Today Vanguard Natural Resources, Inc. (OTC-QX:VNRR) (the "Company" or "Vanguard") announced that the Company will release its earnings results for the second quarter 2018 before the market opens on Monday, August 13, 2018. The Company's senior management team will host a conference call to review the Company's second quarter 2018 earnings results with members of the investment community at 11:00 a.m. Eastern Time (10:00 a.m. Central) on Monday, August 13, [Read more]
Royal Dutch Shell plc: Transaction in Own Shares
LONDON, July 27, 2018 /PRNewswire/ -- Royal Dutch Shell plc (the 'Company') (NYSE: RDS.A)(NYSE: RDS.B) announces that on July 27, 2018 it purchased the following number of "A" Shares for cancellation. Aggregated information on "A" shares purchased according to trading venues: Volume weighted Number of "A" Highest price Lowest [Read more]
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