CALGARY, March 16, 2017 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) is pleased to announce its 2016 year-end reserves. Operations Update In Q1 2017, the Corporation completed drilling two additional Cardium horizontal wells in the northern part of the Narraway light oil pool. The second well was drilled for $2 million, which represents a cost reduction of approximately 30% from the first three drills, primarily due to a continuous two well drilling program. [Read more]
Surge Energy Inc. Announces Q4 and Year End 2016 Results; Exceeds 2016 Production Exit Rate Target; Cash Flow Per Share Up 43 Percent; Confirms March 2017 Dividend
CALGARY, March 15, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the year and quarter ended December 31, 2016. 2016 - POSITIONED FOR OUTPERFORMANCE Management has been strategically positioning Surge for success in a lower crude oil price environment for over 30 months. In the extended downturn for world crude oil prices, Surge focused on creating financial liquidity, balance sheet management, rigorous cost cutting [Read more]
TORC Oil & Gas Ltd. Confirms Monthly Dividend for March 2017
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, March 15, 2017 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG) is pleased to confirm that a dividend of $0.02 per common share will be paid on April 17, 2017 to common shareholders of record on March 31, 2017. The ex-dividend date is March 29, 2017, with payment to be made in cash or common shares at the election of the shareholder. Any common shareholder choosing to [Read more]
Penn West Confirms Filing of its 2016 Year End Disclosure Documents
CALGARY, March 15, 2017 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West", "we", "us" or "our") announces that it has filed with Canadian securities regulatory authorities its audited Consolidated Financial Statements for the year ended December 31, 2016 and related Management's Discussion and Analysis. Penn West has also filed its Annual Information Form for the year ended December 31, 2016, which includes the disclosure and reports relating to reserves data and other [Read more]
Northern Blizzard Resources Inc. Announces March 2017 Dividend
CALGARY, March 15, 2017 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard") (TSX: NBZ) announced today a cash dividend of $0.02 per common share for March 2017. The dividend will be payable on April 17, 2017 to shareholders of record on March 31, 2017. This dividend has been designated as an eligible dividend under the Income Tax Act (Canada). Northern Blizzard Northern Blizzard is a Canadian crude oil production and development company focused on maximizing oil recovery from its [Read more]
Whitecap Resources Inc. Confirms Monthly Dividend for March of $0.0233 Per Share
CALGARY, March 15, 2017 /CNW/ - Whitecap Resources Inc. (TSX: WCP) is pleased to announce that a cash dividend of Cdn. $0.0233 per common share in respect of March operations will be paid on April 17, 2017 to shareholders of record on March 31, 2017. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). About WhitecapWhitecap Resources Inc. is an oil-weighted growth company that pays a monthly cash dividend to its shareholders. We are focused on profitable [Read more]
Yangarra Announces 2016 Year End Financial and Operating Results
CALGARY, March 15, 2017 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) announces its financial and operating results for the year ended December 31, 2016. 2016 Highlights Adjusted EBITDA (which excludes changes in derivative financial instruments, and includes gain on settlement of lawsuit) was $31.2 million ($0.42 per share - basic). Oil and gas sales were $29.1 million with funds flow from operations of $16.3 million ($0.22 per share - basic). Net income [Read more]
Perpetual Energy Inc. Releases Fourth Quarter and Year-End 2016 Financial and Operating Results
CALGARY, March 15, 2017 /CNW/ - (TSX:PMT) – Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to release its fourth quarter and year end 2016 financial and operating results. A complete copy of Perpetual's audited consolidated financial statements, Management's Discussion and Analysis ("MD&A") and Annual Information Form for the year ended December 31, 2016 will be available through the Corporation's website at www.perpetualenergyinc.com and SEDAR at [Read more]
Penn West Announces its Financial and Operational Results for the Year Ended December 31, 2016 and 2016 Reserves Results
CALGARY, March 15, 2017 /CNW/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("Penn West", the "Company", "we", "us" or "our") is pleased to announce financial and operational results for the year ended December 31, 2016, along with year-end 2016 reserves results. "2016 was a year of reshaping and rebuilding for Penn West as we examined every aspect of our business to ensure we are well structured to thrive in today's commodity price environment," commented David French, President and [Read more]
Bellatrix Exploration Ltd. Announces Fourth Quarter and Year End 2016 Financial and Operating Results
TSX, NYSE: BXE CALGARY, March 15, 2017 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) announces its financial and operating results for the fourth quarter and year ended December 31, 2016. This press release contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and the other matters set forth at the end of this press release and the beginning of the Management's Discussion and Analysis (the [Read more]
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