CALGARY - Baytex Energy Corp. ("Baytex")(TSX, NYSE: BTE) announces its year-end 2019 reserves and 2019 fourth quarter and year-end preliminary unaudited financial and operating results (all amounts are in Canadian dollars unless otherwise noted). “Our production in 2019 exceeded the high end of our annual guidance with outstanding capital efficiencies in our development program. As a result, we generated $329 million of free cash flow and a 17% reduction in net debt. Each of our core properties … [Read more...]
Pipestone Energy Corp. Announces Unplanned Outage at the Keyera Wapiti Gas Plant
CALGARY, Alberta, Jan. 20, 2020 (GLOBE NEWSWIRE) -- (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) was notified by Keyera Corp. (“Keyera”) on January 17, 2020 of an electrical failure within the Keyera Wapiti Gas Plant (“Keyera Plant”). This failure has resulted in an unplanned outage. Keyera expects it to be repaired and resume operations of the Keyera Plant within approximately two weeks. Based on the expected outage duration, the Company is reaffirming its 2020 … [Read more...]
International Petroleum Corporation Announces Results of Share Repurchase Program
TORONTO, Jan. 20, 2020 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 671,636 IPC common shares (ISIN: CA46016U1084) during the week of January 13 to 17, 2020 under the previously announced share repurchase program. The share repurchase program, announced by IPC on November 7, 2019, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and … [Read more...]
International Petroleum Corp. Announces Acquisition of Light Oil Assets in Southern Alberta
International Petroleum Corp. (“IPC”) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that it has entered into an agreement to acquire Granite Oil Corp. (“Granite”) (TSX: GXO) for total equity and debt consideration of approximately USD 59 million (CAD 77.2 million) (the “Acquisition”). The Acquisition includes total proved plus probable ("2P") reserves of 14.0 million barrels of oil equivalent (MMboe) and 6.2 MMboe of unrisked contingent resources (best estimate) as at December 31, 2019. … [Read more...]
Granite Oil Corp. Announces 2019 Year End Reserve Metrics
CALGARY - GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to present the summary results of the independent reserves report (the “Sproule Report”) prepared by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2019. In 2019, Granite invested approximately $6.4 million of capital expenditures (unaudited) into its 100%-owned Bakken oil property, representing approximately 45% of its Corporate funds from operations (unaudited), and … [Read more...]
Pipestone Energy Corp. Provides Its 2020 Capital Budget and Guidance, an Operations Update and Announces the Exercise of an Option to Expand the 8-15 Compression Station
CALGARY - (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to provide an update to our operations as well as the release of our 2020 guidance and development plan. “I am very pleased to announce that Pipestone Energy produced approximately 17,700 boe/d during December 2019, well in excess of the top-end of our 2019 exit guidance. Well performance has been strong and in-line with our type curve expectations. Our 2020 capital program is 85% weighted to … [Read more...]
Peyto Exploration & Development Corp. Confirms Dividends For First Quarter 2020
CALGARY, Alberta, Jan. 15, 2020 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. ("Peyto") (TSX: PEY) declares the following dividends, payable to shareholders of its common shares at the close of business on the record dates indicated. Dividend Amount per Common ShareRecord DateEx-Dividend DatePayment Date$0.02January 31, 2020January 30, 2020February 14, 2020$0.02February 29, 2020February 27, 2020March 13, 2020 (*)$0.02March 31, 2020March 30, 2020April 15, 2020 (*) … [Read more...]
Freehold Royalties Ltd. Declares Dividend for January 2020
CALGARY, Alberta, Jan. 14, 2020 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX:FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.0525 per common share to be paid on February 18, 2020 to shareholders of record on January 31, 2020. These dividends are designated as “eligible dividends” for Canadian income tax purposes. Freehold’s focus is on acquiring and managing oil and gas royalties. Freehold’s common shares trade on the Toronto Stock Exchange in … [Read more...]
Petrus Resources Announces First Quarter Capital Budget and Outlook for 2020
CALGARY - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) is pleased to provide its first quarter capital budget and outlook for 2020. With the risk of volatility in the price of Canadian light oil and natural gas, the Company believes that it is prudent to maintain a disciplined capital budget that is flexible from an operational and financial perspective. Petrus’ Board of Directors has approved a first quarter 2020 capital budget of $9.0 million. Petrus will continue to monitor … [Read more...]
Cardinal Energy Ltd. Announces Monthly Dividend for January
CALGARY, Alberta, Jan. 13, 2020 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) confirms that our dividend of $0.015 per common share will be paid on February 18, 2020 to shareholders of record on January 31, 2020. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. One of Cardinal’s goals is to continually … [Read more...]
