BOE Report

Granite Oil Corp. Reports Third Quarter 2019 Financial and Operating Results

CALGARY, Alberta, Nov. 06, 2019 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to report its operating and unaudited financial results for the three and nine months ended September 30, 2019. FINANCIAL AND OPERATING HIGHLIGHTS Three Months Ended September 30 Nine Months Ended September 30 2019 2018 2019 2018 (000’s, except per share amounts) ($) ($) ($) ($) FINANCIAL Oil and natural [Read more]

Delphi Energy Corp. Reports Third Quarter 2019 Results

CALGARY, Alberta, Nov. 06, 2019 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce its financial and operational results for the quarter ended September 30, 2019. THIRD QUARTER 2019 HIGHLIGHTS Average production in the quarter of 8,386 barrels of oil equivalent per day (“boe/d”) was down twelve percent from the 9,514 boe/d in the comparative quarter of 2018. During the third quarter of 2019, the liquids yield averaged 117 barrels per million cubic [Read more]

Suncor Energy announces Lorraine Mitchelmore to join Board of Directors

CALGARY, Alberta , Nov. 06, 2019 (GLOBE NEWSWIRE) -- Suncor today announced the appointment of Lorraine Mitchelmore to the company’s board of directors.  Ms. Mitchelmore’s appointment is effective Nov. 6, 2019. “I’m delighted that Lorraine is joining Suncor’s board of directors,” said Suncor board chair, Michael Wilson.  “Lorraine brings over 30 years of international oil and gas industry experience. She has deep expertise in risk management, business strategy, operations and employee health [Read more]

Peyto Announces Q3 2019 Results

CALGARY, Alberta , Nov. 06, 2019 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to present its operating and financial results for the third quarter of the 2019 fiscal year. A 64% Operating Margin(1) and a 6% Profit Margin(2) in the quarter, delivered a 4% return on capital employed (ROCE) and a 9% return on equity (ROE), on a trailing twelve month basis. Additional highlights included: Condensate and C5+ production up 17%. Condensate [Read more]

Pieridae Announces Third Quarter Results

Key Development: Transformational Change Following Close of Shell Alberta Foothills Assets Acquisition Highlights: Completed the transformational Shell asset acquisition which is immediately accretive to the Company Shell assets give Pieridae majority of the gas resource to supply Train 1 (or facility) at Goldboro LNG facility Third quarter production averaged 14,657 barrels of oil equivalent per day (“Boe/d”), resulting in $12.7 million in revenues, three per cent higher than Q2 [Read more]

Athabasca Oil Corporation Announces 2019 Third Quarter Results

CALGARY, Alberta, Nov. 05, 2019 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its third quarter operational and financial results. Third Quarter and Operational Highlights: Adjusted Funds Flow: $43.9 million ($0.08/share) and $133.3 million ($0.26/share) for the third quarter and first nine months of 2019 respectively. Free Cash Flow: $8.6 million and $39.3 million for the third quarter and first nine months of 2019. [Read more]

International Petroleum Corporation Announces Third Quarter 2019 Financial Results and Intention to Launch Share Repurchase Program

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operating results and related management’s discussion and analysis (MD&A) for the three and nine months ended September 30, 2019. In addition, IPC is pleased to announce that it has sought approval from the Toronto Stock Exchange (the “TSX”) to commence a normal course issuer bid to repurchase its own common shares through the facilities of the TSX and Nasdaq [Read more]

Gibson Energy Declares Dividend

All financial figures are in Canadian dollars unless otherwise notedCALGARY, Alberta , Nov. 04, 2019 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”) (TSX: GEI), announced today that its Board of Directors has approved a quarterly dividend of $0.33 per common share payable on January 17, 2020, to shareholders of record at the close of business on December 31, 2019.  This dividend is designated as an eligible dividend for Canadian income tax purposes.  For non-resident [Read more]

Gibson Energy Announces 2019 Third Quarter Results

Gibson Energy Inc. (“Gibson” or the “Company”) (TSX: GEI), announced today its financial and operating results for the three and nine months ended September 30, 2019. “Gibson continued to deliver strong, consistent operational and financial results in the third quarter, with the continued growth of long-term, high-quality cash flows from our Infrastructure segment while the contribution from Marketing meaningfully exceeded our expectations,” said Steve Spaulding, President and Chief Executive [Read more]

Delphi Energy Corp. Announces Extension of Credit Facility

Delphi Energy Corp. (“Delphi” or the “Company”) announces that the semi-annual borrowing base redetermination of its senior credit facility has been finalized. Effective on the earlier of the closing date for the Recapitalization Transaction (as defined below) and November 29, 2019, and conditional upon completion of the Recapitalization Transaction, the borrowing base of the senior credit facility led by Alberta Treasury Branches has been renewed at $80.0 million. Further, conditional upon [Read more]