BOE Report

Peyto Posts 19th Consecutive Year of Profits While Lowering Costs

CALGARY, Alberta, March 06, 2019 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to report operating and financial results for the fourth quarter and 2018 fiscal year. A 72% operating margin1 and 20% profit margin2 was achieved in 2018, despite the 37% drop in natural gas prices, allowing Peyto to achieve a 6% return on capital employed (“ROCE”) and an 8% return on equity (“ROE”) in the year. Highlights for the fourth quarter and full year 2018 [Read more]

Athabasca Oil Corporation Announces 2018 Year-end Results

CALGARY, Alberta, March 06, 2019 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to provide its 2018 year-end results and annual reserves. Athabasca is a liquids-weighted intermediate producer with exposure to Canada’s most active resource plays (Montney, Duvernay, Oil Sands). The Company’s high quality, long life assets provide investors with unique exposure to free cash flow which, combined with focus on strong margin opportunities, drives [Read more]

Chinook Energy Inc. Announces Fourth Quarter and 2018 Results

CALGARY, Alberta, March 06, 2019 (GLOBE NEWSWIRE) -- Chinook Energy Inc. ("our", "we", or "us") (TSX: CKE) is pleased to announce its fourth quarter and 2018 financial and operating results. Our operational and financial highlights for the three months and year ended December 31, 2018 are noted below and should be read in conjunction with our consolidated financial statements for the years ended December 31, 2018 and 2017 and our related management’s discussion and analysis which have been [Read more]

Pieridae Energy Limited Announces Partial Exercise of Over-Allotment Option in Respect of Brokered Private Placement and Closing of Second Tranche of Non-Brokered Private Placement

CALGARY, Alberta, March 06, 2019 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae”) (TSXV: PEA) is pleased to announce that it has issued 320,000 common shares at a price of $2.00 per share (the “Over-Allotment Offering”), for incremental gross proceeds of $640,000, pursuant to the partial exercise of an over-allotment option (the “Over-Allotment Option”) granted by the Company to a syndicate of investment dealers co-led by KES 7 Capital Inc., National Bank Financial Inc. and Laurentian [Read more]

NuVista Energy Ltd. Announces Record Increase to Reserves, Provides Positive Year End 2018 Financial and Operating Results, Re-Affirms Strong 2019 Production Growth

CALGARY, Alberta, March 05, 2019 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce results for the three months and year ended December 31, 2018 and provide an update on our future business plans. Record 2018 Results, Strong 2019 Growth During the quarter and year ended December 31, 2018, NuVista: Produced a record 49,060 Boe/d for the fourth quarter of 2018, above the top of the guidance range of 46,000 – 48,500 Boe/d and 31% greater [Read more]

Kelt Reports Financial and Operating Results for the Quarter and Year Ended December 31, 2018

CALGARY, Alberta, March 06, 2019 (GLOBE NEWSWIRE) -- Kelt Exploration Ltd. (TSX:KEL) (“Kelt” or the “Company”) has released its financial and operating results for the fourth quarter and year ended December 31, 2018. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended December 31 Year ended December 31 (CA$ thousands, except as otherwise indicated) 2018 2017 % 2018 2017 % Petroleum and natural gas revenue, before [Read more]

Pengrowth Announces Fourth Quarter 2018 Results, Provides Reserves Update and Launches Strategic Review

Lindbergh Exits 2018 as Expected With Production Greater Than 19,000 Barrels per Day and Continued into 2019 at the Upper End of Our Guidance Despite Alberta's Curtailment Program CALGARY, Alberta, March 06, 2019 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (“Pengrowth” or the "Company") (TSX:PGF, OTCQX:PGHEF), today reported its results for the three and twelve months ended December 31, 2018 as well as its reserves as at December 31, 2018. Subsequent to the quarter the Company signed a [Read more]

Baytex Announces Fourth Quarter and Full Year 2018 Financial and Operating Results and 2018 Year End Reserves

CALGARY, Alberta, March 06, 2019 (GLOBE NEWSWIRE) -- Baytex Energy Corp. ("Baytex")(TSX, NYSE: BTE) reports its operating and financial results for the three months and year ended December 31, 2018 (all amounts are in Canadian dollars unless otherwise noted). “In 2018, we repositioned our company through the Raging River combination which increased our high netback light oil assets while also deleveraging our balance sheet. Our operations are performing exceptionally well as we execute our [Read more]

Tanager Energy Announces Strategic Plan and Continuance to BC

CALGARY, Alberta, March 05, 2019 (GLOBE NEWSWIRE) -- Tanager Energy Inc. (“Tanager” or the “Corporation”) (TSX-V: TAN, OTCQB: TANEF) announced today the Company has obtained the approval by its directors of a strategic plan for the balance of the 2019 fiscal year.  Following its recent announcement of the appointment of a new CEO, the plan includes the following principal elements: Place Tanager’s three (3) Polk County, Texas Yegua formation wells (Ranger, Stampede and Jones) into [Read more]

Cardinal Energy Ltd. Announces 2018 Year-End Reserves

CALGARY, Alberta, March 05, 2019 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) is pleased to present its 2018 year end reserves which reinforce our successful 2018 drilling program and the low decline nature of our asset base. RESERVE HIGHLIGHTS (1) Proved Developed Producing ("PDP") reserve additions of 10.7 mmboe replaced 2018 production by 1.4x, predominantly through organic growth and Total Proved plus Probable ("TPP") reserve additions of 12.7 mmboe [Read more]