BOE Report

Yangarra Announces 2017 Year End Financial and Operating Results

CALGARY, March 8, 2018 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) announces its financial and operating results for the year ended December 31, 2017. 2017 Highlights Average production of 5,740 boe/d, an increase of 93% from 2016. Oil and gas sales were $77.9 million with funds flow from operations of $52.9 million ($0.66 per share - basic). Adjusted EBITDA (which excludes changes in derivative financial instruments) was $54.5 million ($0.68 per share - [Read more]

Paramount Resources Ltd. Reports 2017 Annual Results; Fourth Quarter Sales Volumes Average 95,412 Boe/d

CALGARY, March 8, 2018 /CNW/ - OIL AND GAS OPERATIONS   Paramount exited 2017 with fourth quarter sales volumes averaging 95,412 Boe/d compared to  sales volumes of 11,901 Boe/d in the fourth quarter of 2016. Full year sales volumes averaged 44,970 Boe/d in 2017. Paramount's sales volumes, excluding sales volumes from properties acquired or sold in the year, more than doubled to approximately 22,500 Boe/d in 2017 compared to about 10,000 Boe/d in 2016. Fourth quarter [Read more]

Marquee Energy Ltd. announces 28% increase to total proved plus probable year-end reserves and provides operations update

CALGARY, March 7, 2018 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQX") is pleased to report its reserve evaluation for the year ended December 31, 2017, as well as provide an update on its first quarter drilling and completion operations. RESERVE HIGHLIGHTS  Total proved developed producing ("PDP") reserves increased 9% to 5.3 mmboe; PDP reserves valuation discounted at 10% before tax was $67 million, which represents a 22% increase over year-end 2016. The PDP [Read more]

Imperial provides update on avgas fuel quality issue

CALGARY, March 7, 2018 /CNW/ - Imperial has made significant progress towards resolving a potential fuel quality issue in aviation gasoline (sometimes referred to as "avgas" or "100 low lead") shipped from Strathcona refinery since Dec. 28, 2017. Imperial has identified all locations that received potentially off-spec product and has completed close to all of the testing at those sites. At this point, approximately 70% of the sites tested have been confirmed as fit-for-use. We have also been [Read more]

Painted Pony Announces 6.9 Tcfe of Proved Plus Probable Reserves, Record Annual Production and Adjusted Funds Flow from Operations, and 2017 Year-End Financial and Operating Results

CALGARY, March 7, 2018 /CNW/ - Painted Pony Energy Ltd. ("Painted Pony" or the "Corporation") (TSX: PONY) is pleased to announce that Proved Plus Probable reserves as at December 31, 2017 were 6.9 Tcfe representing year-over-year growth of 40%, record annual average daily production of 257 MMcfe/d (42,882 boe/d) complimented by a 93% increase in adjusted funds flow from operations to a Corporation record of $108 million, and 2017 year-end financial and operational results. 2017 Reserve [Read more]

Enbridge Announces Expiration and Results of Offer by Spectra Energy Capital, LLC to Purchase Notes Due in 2032 and 2038

CALGARY, March 7, 2018 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that the previously announced all cash tender offer (the Tender Offer) by its wholly-owned subsidiary, Spectra Energy Capital, LLC (Spectra Capital) for any and all of Spectra Capital's outstanding 6.75% senior unsecured notes due 2032 (the 2032 Notes) and 7.50% senior unsecured notes due 2038 (the 2038 Notes, collectively, the  Notes) expired at 5:00 p.m. New York City time on March [Read more]

Cona Resources Ltd. Announces Agreement to a Take Private Proposal from Waterous Energy Fund

CALGARY, March 7, 2018 /CNW/ - Cona Resources Ltd. ("Cona" or the "Company") (TSX:  CONA) announces receipt of a proposal (the "Proposal") from Waterous Energy Fund and its affiliates ("WEF") to take the Company private at $2.55 per Cona common share (the "Transaction").  The offered price represents a 31% premium over Cona's 20-day volume weighted average price of $1.94 as of March 6, 2018.  WEF acquired approximately 67% ownership of Cona in May of 2017 and, upon completion of the Transaction, [Read more]

Obsidian Energy Announces Year End 2017 Financial and Operational Results and Proposed Common Share Consolidation

CALGARY, March 7, 2018 /CNW/ - OBSIDIAN ENERGY LTD. (TSX/NYSE – OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce its financial and operational results for the year ended December 31, 2017. All figures are in Canadian dollars unless otherwise stated. Obsidian Energy's Management Discussion and Analysis ("MD&A") dated March 6, 2018 and audited financial statements for year end 2017 can be found on our website at www.obsidianenergy.com. The documents will also [Read more]

Cona Resources Ltd. Announces Fourth Quarter & Year-End 2017 Results and Revised 2018 Guidance

CALGARY, March 6, 2018 /CNW/ - Cona Resources Ltd. ("Cona" or the "Company") (TSX: CONA) announces its operating and financial results for the three months and year ended December 31, 2017 and revised guidance for 2018 reflecting recent asset dispositions and continued weakness in Canadian heavy oil prices. Cona's financial statements, management's discussion and analysis ("MD&A") and annual information form ("AIF") for the year ended December 31, 2017, as well as the news release dated [Read more]

Tourmaline Grows 2017 Cash Flow by 65%, Delivers Earnings of $346.8 Million, and Announces Inaugural Dividend in Q1 2018

CALGARY, March 6, 2018 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce very strong 2017 financial and operating results as well as payment of the Company's first dividend. HIGHLIGHTS Tourmaline grew 2017 cash flow(1) by 65% to $1.2 billion ($4.47/diluted share). Tourmaline delivered full-year 2017 earnings of $346.8 million ($1.29/diluted share) underscoring the inherent profitability of the core EP business. Record low full-year 2017 [Read more]