CALGARY, May 10, 2016 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce its operating and financial results for the three month period ended March 31, 2016. The Company's Consolidated Financial Statements and Management's Discussion and Analysis are available at cequence-energy.com and on SEDAR at www.sedar.com. First Quarter 2016 Highlights First quarter Company highlights include: Achieved average quarterly production of 10,223 boe/d, an [Read more]
Connacher Announces Q1 2016 Results
CALGARY, May 10, 2016 /CNW/ - Connacher Oil and Gas Limited (CLC - TSX; "Connacher" or the "Company") announces its financial and operating results for the quarter-ended March 31, 2016 ("Q1 2016") (all amounts are in Canadian dollars unless otherwise noted). Q1 2016 Highlights Financial Q1 2016 revenue, net of royalties, decreased 78% to $11.8 million (Q1 2015 - $53.8 million) due to the decline in crude oil prices and lower sales volumes associated with the curtailment of [Read more]
Keyera Corp. Announces First Quarter 2016 Results
CALGARY, May 10, 2016 /CNW/ - Keyera Corp. (TSX:KEY) announced their 2016 first quarter results today, the highlights of which are included in this news release. The entire press release can be viewed by visiting Keyera's website at www.keyera.com or, to view the MD&A and financial statements, visit either Keyera's website or the System for Electronic Document Analysis and Retrieval at www.sedar.com. HIGHLIGHTS Keyera delivered strong financial results in the first quarter of 2016, [Read more]
Journey Energy Inc. reports its first quarter 2016 financial results
CALGARY, May 9, 2016 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to announce its financial results for the first quarter of 2016. The complete set of financial statements and management discussion and analysis for the periods ended March 31, 2016 and 2015 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. HIGHLIGHTS Highlights for the first quarter are as follows: Achieved a production level of 9,533 BOE/d in the first [Read more]
Perpetual Energy Inc. Releases First Quarter 2016 Financial and Operating Results
CALGARY, May 9, 2016 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") reports its financial and operating results for the three months ended March 31, 2016. A complete copy of Perpetual's unaudited interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") for the three months ended March 31, 2016 can be obtained through the Corporation's website at www.perpetualenergyinc.com and SEDAR at [Read more]
Low oil prices, global economic uncertainty and domestic consumer debt worries weighing on Canadian economy
OTTAWA, May 9, 2016 /CNW/ - The decline in commodity prices, subpar global economic growth and overstretched Canadian consumers will limit Canada's real GDP growth to 1.6 per cent in 2016, according to The Conference Board of Canada's Canadian Outlook: Spring 2016. While modest, this is an improvement over last year's growth of 1.2 per cent. "The decline in energy prices has stripped more than $50 billion in export revenues from the economy, and it will take time to recover," said Matthew [Read more]
Vermilion Energy Inc. Reports Voting Results of Election of Directors
CALGARY, May 6, 2016 /CNW/ - Vermilion Energy Inc. ("Vermilion" or "Company") (TSX, NYSE: VET) is pleased to report that at its annual meeting of shareholders held on May 6, 2016 each of the nine nominees proposed as directors and listed in its Proxy Statement and Information Circular dated April 6, 2015, were elected as directors of the Company. The detailed results of the vote by ballot are as follows: Votes for Votes Withheld Number Percent (%) Number Percent (%) [Read more]
Enerplus Announces Strong First Quarter 2016 Results
CALGARY, May 6, 2016 /CNW/ - Enerplus Corporation ("Enerplus" or the "Company") (TSX & NYSE: ERF) is pleased to announce its results from operations for the first quarter of 2016. "We continue to position our company to deliver long-term profitability in a lower commodity price environment. Our focus on reducing costs and driving efficiencies across the organization has resulted in a meaningful reduction to our cost structure. As a result, we are reducing our combined operating, [Read more]
Vermilion Energy Inc. Announces Results for the Three Months Ended March 31, 2016
CALGARY, May 6, 2016 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and unaudited financial results for the three months ended March 31, 2016. HIGHLIGHTS Achieved average production of 65,389 boe/d during the first quarter of 2016, an increase of 7% as compared to 61,058 boe/d in the prior quarter, with significant increases recorded in our Irish and Canadian operations. Production increased 30% from 50,386 [Read more]
Advantage Announces First Quarter 2016 Results
Production Growth, Record Low Cash Costs & Improved Glacier Well Results Generates Strong Cash Flow & Underpins 350 MMCF/D Plant Expansion Plan (TSX: AAV, NYSE: AAV) CALGARY, May 5, 2016 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to report strong cash flow of $30.2 million or $0.17/share for the first quarter of 2016 supported by a 25% increase in production to 167 mmcfe/d (27,854 boe/d) and an 11% reduction in its total cash cost to a corporate [Read more]
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