Key Highlights: Natural gas production of 215 mmcf/day in Q1 2021, the highest quarterly production in our Company’s history Production of 43,997 boe/day, an increase of 7% compared to the same quarter in 2020 Petroleum and natural gas revenue was $81.9 million, an increase of $17.1 million or 26% compared to the same quarter in 2020 Cash flow from operations of $11.0 million Net Operating Income1 (“NOI”) of $20.9 million increased by 9%, and Adjusted Funds Flow From Operations1 [Read more]
Petrus Resources announces first quarter 2021 financial & operating results
CALGARY, Alberta - Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three months ended March 31, 2021. Petrus is focused on generating free cash flow for debt repayment and further development of its Ferrier Cardium asset. Following extreme market volatility throughout 2020, the first quarter of 2021 brought encouraging signs of rebalancing. Global economies continue to recover, bolstering demand and improving [Read more]
Cenovus reports voting results of election of directors
CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced that at its annual meeting of shareholders held on May 12, 2021, each of the 12 nominees proposed as Directors and listed in its Management Information Circular dated March 15, 2021 were elected as Directors. The detailed results of the vote are set out below. Nominee Votes for Votes withheld Number Percent Number Percent Keith M. Casey 1,629,920,383 98.97 16,903,774 1.03 Canning K.N. [Read more]
Peyto posts strong Q1 2021 profits
CALGARY, Alberta - Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to present its operating and financial results for the first quarter of the 2021 fiscal year. A 67% Operating Margin (1) and a 22% Profit Margin (2) in the quarter delivered a 4% Return on Capital and a 4% Return on Equity, on a trailing twelve-month basis. Highlights for the quarter included: Production per share up 12%. First quarter 2021 production of 88,070 boe/d, comprised of 456 MMcf/d [Read more]
Birchcliff Energy Ltd. announces Q1 2021 financial and operational results and increases its 2021 production, adjusted funds flow and free funds flow guidance
CALGARY, Alberta - Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is proud to announce its strong financial and operational results for the three months ended March 31, 2021. Birchcliff is also pleased to announce that it is maintaining its 2021 F&D capital expenditures guidance and increasing its 2021 production, adjusted funds flow and free funds flow guidance. “Birchcliff had a strong first quarter in 2021, highlighted by excellent drilling results. The [Read more]
Pipestone Energy Corp. reports record first quarter 2021 results and provides an operations update
CALGARY, Alberta - (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to report its Q1 2021 financial and operational results, as well as provide an update on its operations. Pipestone continues to efficiently grow its highly economic condensate-rich Montney asset. The Company is well on track to deliver its 2021 production guidance of 24,000 to 26,000 boe/d. The increase in natural gas and condensate prices, coupled with improving capital efficiencies and strong [Read more]
Freehold Royalties Ltd. announces results from annual and special meeting of shareholders
CALGARY, Alberta - Freehold Royalties Ltd. (Freehold) announced today that all nominees listed in its notice of meeting and information circular dated March 22, 2021, were elected as directors of Freehold at its Annual and Special Meeting of Shareholders (the Meeting) held today. In addition, all other matters considered at the Meeting were approved by Freehold's Shareholders. The results of the votes on the director nominees are as follows: Nominee Votes For Votes [Read more]
Questerre reports first quarter 2021 results
CALGARY, Alberta, May 11, 2021 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the first quarter ended March 31, 2021. Michael Binnion, President and Chief Executive Officer, commented, “We started to add zero emissions hydrogen and carbon capture and storage to our Clean Tech Energy project in the quarter. We are also evaluating other carbon recycling technologies that use carbon dioxide [Read more]
Prairie Provident Resources Announces First Quarter 2021 Results and Successful First Half 2021 Drilling Program
CALGARY, Alberta, May 11, 2021 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") today announces our financial and operating results for the three months ended March 31, 2021. PPR’s unaudited condensed interim consolidated financial statements for the three months ended March 31, 2021 (“Interim Financial Statements”) and related Management’s Discussion and Analysis (“MD&A”) for the three months ended March 31, 2021 are available on our website [Read more]
NuVista Energy Ltd. Announces Positive First Quarter 2021 Financial and Operating Results
CALGARY, Alberta, May 11, 2021 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce financial and operating results for the three months ended March 31, 2021, and provide a number of updates which demonstrate continued successful advancement of our Pipestone and Wapiti Montney play development. This was a successful quarter for NuVista, with results that included the startup of the new Pipestone North compressor station facility ahead of schedule [Read more]
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