CALGARY, May 12, 2016 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) announces its financial and operating results for the three months ended March 31, 2016. First Quarter Highlights Production of 3,173 boe/d. Oil and gas sales were $6.3 million with funds flow from operations of $3.4 million ($0.05 per share - basic). Net income of $11.9 million ($0.18 per share - basic). Adjusted EBITDA (which excludes changes in derivative financial instruments) was [Read more]
Ikkuma Resources Corp. announces closing of $10.0 million bought deal private placement of flow-through shares
CALGARY, May 12, 2016 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) is pleased to announce that it has completed a bought deal private placement offering (the "Offering") with a syndicate of underwriters led by Desjardins Securities Inc. and including TD Securities Inc., FirstEnergy Capital Corp. and Acumen Capital Finance Partners Limited (collectively, the "Underwriters") pursuant to which the Corporation issued 14,085,000 common shares of Ikkuma on a [Read more]
TORC Oil & Gas Ltd. Reports on Voting from the 2016 Shareholders Meeting
CALGARY, May 11, 2016 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG) announces that the following matters were voted upon at the annual and special meeting of the shareholders of TORC held on May 11, 2016 in Calgary, Alberta. Each of the matters is described in greater detail in the Notice of Annual and Special Meeting of Shareholders and Information Circular – Proxy Statement dated April 1, 2016 (the "Circular"). 1. Fixing the Number of Directors By resolution passed via [Read more]
Altura Energy Inc. Announces its First Quarter 2016 Results
CALGARY, May 11, 2016 /CNW/ - Altura Energy Inc. ("Altura" or the "Corporation") (TSX Venture: ATU) is pleased to announce its financial and operating results for the three months ended March 31, 2016. The associated management's discussion and analysis ("MD&A") and unaudited interim condensed consolidated financial statements as at March 31, 2016 and for the three months ended March 31, 2016 can be found at www.sedar.com and www.alturaenergy.ca. OPERATIONAL AND [Read more]
Surge Energy Inc. Announces First Quarter 2016 Results
CALGARY, May 11, 2016 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the quarter ended March 31, 2016. POSITIONING FOR THE TURNAROUND In the first quarter of 2016, one of the lowest commodity price quarters for both crude oil and natural gas in many years, Surge management continued to focus on disciplined, conservative balance sheet management, and corporate cost cutting initiatives. In the first quarter, Surge [Read more]
Painted Pony Announces Reconfirmed $325 Million Credit Facility, Townsend Facility Update, and First Quarter 2016 Financial and Operating Results
CALGARY, May 11, 2016 /CNW/ - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Corporation") (TSX: PPY) is pleased to announce the syndicated group of lenders have reconfirmed the Corporation's credit facility at $325 million, an update on construction by AltaGas Ltd. ("AltaGas") at the AltaGas Townsend Facility (the "Townsend Facility"), updated hedging, and first quarter 2016 financial and operating results. HIGHLIGHTS: Credit facilities have been reconfirmed at $325 million; The [Read more]
B.C. to lead Canada in natural gas production growth, but pricing and LNG are key uncertainties
CALGARY, May 11, 2016 /CNW/ - The National Energy Board (NEB) today released its newest report: 'Canada's Energy Future 2016: Province and Territory Outlooks' that highlights the diversity of energy/electricity sources across Canada for both the production and consumption of energy, including crude oil, hydro, natural gas and solar power resources. The study shows that British Columbia leads the country in projected natural gas production growth. However, the market price for natural gas and [Read more]
Alberta’s oil production to continue rising, though influenced by pricing and infrastructure
CALGARY, May 11, 2016 /CNW/ - The National Energy Board (NEB) today released its newest report: 'Canada's Energy Future 2016: Province and Territory Outlooks' that highlights the diversity of energy/electricity sources across Canada for both the production and consumption of energy, including crude oil, hydro, natural gas and solar power resources. The study shows that Alberta's crude oil production is expected to continue increasing into the future, lead by oilsands growth. The speed of that [Read more]
Northern Blizzard Resources Inc. Announces First Quarter 2016 Results
CALGARY, May 11, 2016 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard" or the "Company") (TSX: NBZ) announces ts operating and financial results for the three months ended March 31, 2016. Northern Blizzard's financial statements and management's discussion and analysis ("MD&A") for the three months ended March 31, 2016 are available on our website at www.northernblizzard.com and on SEDAR at www.sedar.com. FINANCIAL AND OPERATING HIGHLIGHTS Three months [Read more]
TORC Oil & Gas Ltd. Announces First Quarter 2016 Financial & Operational Results
CALGARY, May 11, 2016 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce its financial and operating results for the three month period ended March 31, 2016. The associated management's discussion and analysis ("MD&A") and unaudited interim financial statements as at and for the quarter ended March 31, 2016 can be found at www.sedar.com and www.torcoil.com. Highlights Three months ended (in [Read more]
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