BOE Report

Granite Oil Corp. Announces 2017 Record Year End Reserve Metrics and Operational Update

CALGARY, Alberta, March 07, 2018 (GLOBE NEWSWIRE) -- 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, 2017. In 2017 Granite invested approximately $18.8 million of capital expenditures (unaudited) all organically, including approximately $3.0 million of exploration, into its 100%-owned [Read more]

Touchstone Increases 2P Reserves by 18% to 18,535 Mbbl

CALGARY, Alberta, March 08, 2018 (GLOBE NEWSWIRE) -- Touchstone Exploration Inc. (“Touchstone” or the “Company”) (TSX:TXP) (LSE:TXP) announces the results of its independent year-end 2017 reserves evaluation. Reserve numbers provided herein were derived from an independent reserves report (the “Reserves Report”) prepared by GLJ Petroleum Consultants Ltd. (“GLJ”) effective December 31, 2017. All currency amounts are in Canadian dollars unless otherwise stated. The financial information contained [Read more]

Delphi Energy Corp. Reports 2017 Year End Results and Reserves and Provides Operations Update

CALGARY, Alberta, March 07, 2018 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) (TSX:DEE) is pleased to announce its financial and operational results, crude oil and natural gas reserves information for the year ended December 31, 2017 and an operations update. 2017 HIGHLIGHTS Produced 8,401 barrels of oil equivalent per day (“boe/d”), a 14 percent increase from 7,392 boe/d in 2016.  Average production in the fourth quarter of 2017 increased 35 percent to 9,588 boe/d [Read more]

Athabasca Oil Corporation Announces Fourth Quarter and Year End 2017 Results

CALGARY, Alberta, March 07, 2018 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX:ATH) (“Athabasca” or the “Company”) is pleased to provide its fourth quarter and year end results. Over the last three years, Athabasca has transitioned from an early-stage exploration company into a sustainable intermediate producer with a strong cash flow outlook. During 2017, the Company successfully integrated a cornerstone Thermal Oil asset, achieved scale in its Light Oil Division and recapitalized its [Read more]

Kelt Reports Financial and Operating Results for the Quarter and Year Ended December 31, 2017

CALGARY, Alberta, March 07, 2018 (GLOBE NEWSWIRE) -- Kelt Exploration Ltd. (“Kelt” or the “Company”) (TSX:KEL) has released its financial and operating results for the fourth quarter and year ended December 31, 2017. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS    Three months ended December 31Year ended December 31(CA$ thousands, except as otherwise indicated)   2017 2016%2017 2016 %Petroleum and natural gas revenue, before royalties  80,838   55,737 45 [Read more]

Hal Kvisle and Keith MacPhail to stand as nominees for Cenovus Board

CALGARY, Alberta, March 06, 2018 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) announced today that Hal Kvisle and Keith MacPhail will be proposed nominees for election to the Board of Directors at the company’s next annual meeting of shareholders to be held on April 25, 2018. Mr. Kvisle has spent more than four decades working in the Canadian oil and natural gas sector, with experience running upstream production, power and pipeline businesses, while Mr. MacPhail has more than [Read more]

Tamarack Valley Energy Ltd. Announces Record 2017 Financial and Operating Results and a 53% Increase in Proved Developed Producing Reserves

CALGARY, Alberta, March 06, 2018 (GLOBE NEWSWIRE) -- Tamarack Valley Energy Ltd. (TSX:TVE) (“Tamarack” or the “Company”) is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2017 and the results of its independent oil and gas reserves evaluation as of December 31, 2017, prepared by GLJ Petroleum Consultants Ltd. (“GLJ”).  Selected financial, operational and reserves information is outlined below and should be read with Tamarack’s audited [Read more]

Baytex Reports 2017 Results With 26% Increase in Adjusted Funds Flow, 6% Increase in Reserves and Strong Eagle Ford Performance

CALGARY, Alberta, March 06, 2018 (GLOBE NEWSWIRE) -- Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) reports its operating and financial results for the three months and year ended December 31, 2017 (all amounts are in Canadian dollars unless otherwise noted). “Our fourth quarter results demonstrate the impressive cash generating capability of our assets as commodity prices improve. With WTI averaging US$55/bbl, we realized our strongest operating netback in three years and generated [Read more]

Raging River Exploration Inc. Initiates Process to Review Strategic Repositioning, Announces Fourth Quarter and Year End 2017 Operating and Financial Results and Provides Operations Update

CALGARY, Alberta, March 05, 2018 (GLOBE NEWSWIRE) -- Raging River Exploration Inc. (the “Company” or “Raging River”) (TSX:RRX) announces that Raging River’s Board of Directors (the "Board") has commenced a formal process to initiate a strategic repositioning of the Company (the “Repositioning Process”) in an effort to enhance shareholder value. Raging River believes that the current trading price of its common shares does not adequately reflect the underlying value of the Company. The purpose [Read more]

Questerre to develop Kakwa North acreage with partner

THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, March 05, 2018 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX:QEC) (OSE:QEC) announced today that it has entered into an agreement with an experienced operator to develop its 100% acreage in the Kakwa area. Michael Binnion, President and Chief Executive Officer of Questerre, commented, [Read more]