CALGARY, Alberta, June 1, 2015 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to announce the filing of its first quarter 2015 financial statements, reporting CDN $0.01 per share earnings. The Company has reported the following results for the 3 months ending March 31st, 2015: • Revenues $ 3,447,358 • Net income from operations, $14.79 per boe "Net Back" $ 1,876,572 • Net earnings, after tax of $0.01 per [Read more]
Quattro Files Annual Financial Statements, Reports Year End Profit of $0.06 Per Share
CALGARY, Alberta, May 28, 2015 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to announce for its full year ending December 31st, 2014, CDN $0.06 per share earnings. The Company recorded revenues of $18,003,880, representing 478% growth over year end 2013. In achieving strong results Quattro continued to focus on developing a strong and improving financial position as the foundation for further growth, while continuing its [Read more]
Barnwell Industries, Inc. Reports Results for the Second Quarter and Six Months Ended March 31, 2015
HONOLULU, May 13, 2015 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE MKT:BRN) today reported net losses of $2,017,000 ($0.24 per share) and $2,484,000 ($0.30 per share) for the three and six months ended March 31, 2015, respectively, as compared to net losses of $285,000 ($0.03 per share) and $1,274,000 ($0.15 per share) for the three and six months ended March 31, 2014, respectively. Mr. Morton H. Kinzler, Chairman and Chief Executive Officer of Barnwell, commented, "The loss for the [Read more]
Quicksilver Resources Receives Approval of All “First Day Motions”
FORT WORTH, Texas, March 20, 2015 (GLOBE NEWSWIRE) -- Quicksilver Resources Inc. (OTC Pink:KWKAQ) announced today the approval by the United States Bankruptcy Court for the District of Delaware (the "Court") of all of the Company's "first day" motions. "The Court's approval is a positive step forward in our efforts to address current financial challenges and to position Quicksilver as a strong competitor in the oil and gas industry," said Glenn Darden, Quicksilver's Chief Executive Officer. [Read more]
Quicksilver Resources Files Voluntary Chapter 11 Petitions to Facilitate Financial Restructuring
FORT WORTH, Texas, March 17, 2015 (GLOBE NEWSWIRE) -- Quicksilver Resources Inc. (OTCQB:KWKA) announced today that the Company and its U.S. subsidiaries Barnett Shale Operating LLC, Cowtown Drilling, Inc., Cowtown Gas Processing L.P., Cowtown Pipeline Funding, Inc., Cowtown Pipeline L.P., Cowtown Pipeline Management, Inc., Makarios Resources International Holdings LLC, Makarios Resources International Inc., QPP Holdings LLC, QPP Parent LLC, Quicksilver Production Partners GP LLC, Quicksilver [Read more]
Alta Mesa Announces Fourth Quarter and Year-End 2014 Earnings Conference Call
HOUSTON, Feb. 27, 2015 (GLOBE NEWSWIRE) -- Alta Mesa Holdings, LP announced today that it will report fourth quarter and year-end 2014 financial results on Thursday, March 26th, 2015. Alta Mesa invites you to listen to its conference call to discuss these results on that date at 2:00 p.m. Central time. If you wish to participate in this conference call, dial 888-347-8149 (toll free in US/Canada) or 412-902-4228 (no conference ID is required). A webcast of the call and any related materials will [Read more]
Quicksilver Resources Announces Decision Not to Make Interest Payment
FORT WORTH, Texas, Feb. 17, 2015 (GLOBE NEWSWIRE) -- Quicksilver Resources Inc. (OTCQB:KWKA) announced today that the company has decided not to make the approximately $13.6 million interest payment due February 17, 2015 on its 9.125% senior notes due 2019 (the "2019 Notes"). Under the terms of the indenture governing the 2019 Notes, the company has a 30-day grace period before the failure to make the interest payment results in an event of default. The company believes it is in the best [Read more]
Quattro Exploration and Production Ltd. Honored as a TSX Venture 50(R) Company
CALGARY, Alberta, Feb. 11, 2015 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to announce that it has been recognized by TSX Venture Exchange (TSXV) as one of the 2015 TSX Venture 50 companies, a ranking of the top performing companies listed on TSXV last year.Each year, the TSX Venture 50 ranks the top ten companies listed on TSXV across five major industry sectors: Oil and Gas, Mining, Technology & Life Sciences, Diversified [Read more]
Change in CEO
Hamilton, Bermuda, Jan. 19, 2015 (GLOBE NEWSWIRE) -- Golar LNG Limited ("Golar" or the "Company") has today announced that Doug Arnell has decided to step down as CEO of Golar on February 1, 2015. Mr. Arnell's decision is driven by a personal wish to return with his family to his home country of Canada.Mr. Arnell will be succeeded by Gary Smith, who is well known to Golar and who brings with him a track record of leadership and operational management success in the mid-stream oil and gas, [Read more]
Quicksilver Resources to Trade on OTC Marketplace Under New Ticker Symbol “KWKA”
FORT WORTH, Texas, Jan. 8, 2015 (GLOBE NEWSWIRE) -- Quicksilver Resources Inc. (OTC:KWKA) announced today that the company received notification from the New York Stock Exchange (the "NYSE") that the NYSE had determined to commence proceedings to delist the company's common stock in view of its low trading price, and trading in the company's common stock was suspended immediately. The company had previously disclosed that, on October 9, 2014, the NYSE had notified the company that the [Read more]