CALGARY, March 8, 2018 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) announces its financial and operating results for the year ended December 31, 2017. 2017 Highlights Average production of 5,740 boe/d, an increase of 93% from 2016. Oil and gas sales were $77.9 million with funds flow from operations of $52.9 million ($0.66 per share - basic). Adjusted EBITDA (which excludes changes in derivative financial instruments) was $54.5 million ($0.68 per share - [Read more]
Headlines
Trump seeks balance with Canada and Mexico, U.S. energy chief says
The Trump administration istrying to find the right balance with top trade partners Canadaand Mexico as it considers tariffs on imports of steel andaluminum, U.S. Energy Secretary Rick Perry said on Thursday. "We are partners. But we're competitors. And finding that nice balance is what this is all about," Perry said on CNBC when asked whether Canada and Mexico were concerned that President Donald Trump's proposed tariffs could hurt the U.S. neighbors.Perry was speaking from the CERAWeek [Read more]
Petrus Resources Announces Fourth Quarter and Year End 2017 Financial & Operating Results and Year End Reserve Information
CALGARY, Alberta, March 08, 2018 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX:PRQ) is pleased to report financial and operating results for the three and twelve month periods ended December 31, 2017 and to provide summary 2017 year end reserves information as evaluated by Sproule Associates Limited ("Sproule"). The Company's Management's Discussion and Analysis ("MD&A") and audited consolidated financial statements dated as at and for the year ended December [Read more]
Oil rally stalls amid rising production forecasts: Kemp
LONDON, March 8 (Reuters) - Despite the overwhelmingly bullish sentiment that still dominates talk about oil prices, the rally that started at the end of June 2017 seems to have run out of momentum. Front-month Brent futures prices peaked in the final week of January and have since been on a gently declining trend. Brent calendar spreads peaked even earlier in January and have also been gently softening for nearly two months now. Prices and spreads are back to levels they first reached in the [Read more]
Paramount Resources Ltd. Reports 2017 Annual Results; Fourth Quarter Sales Volumes Average 95,412 Boe/d
CALGARY, March 8, 2018 /CNW/ - OIL AND GAS OPERATIONS Paramount exited 2017 with fourth quarter sales volumes averaging 95,412 Boe/d compared to sales volumes of 11,901 Boe/d in the fourth quarter of 2016. Full year sales volumes averaged 44,970 Boe/d in 2017. Paramount's sales volumes, excluding sales volumes from properties acquired or sold in the year, more than doubled to approximately 22,500 Boe/d in 2017 compared to about 10,000 Boe/d in 2016. Fourth quarter [Read more]
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]
Marquee Energy Ltd. announces 28% increase to total proved plus probable year-end reserves and provides operations update
CALGARY, March 7, 2018 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQX") is pleased to report its reserve evaluation for the year ended December 31, 2017, as well as provide an update on its first quarter drilling and completion operations. RESERVE HIGHLIGHTS Total proved developed producing ("PDP") reserves increased 9% to 5.3 mmboe; PDP reserves valuation discounted at 10% before tax was $67 million, which represents a 22% increase over year-end 2016. The PDP [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]
Painted Pony Announces 6.9 Tcfe of Proved Plus Probable Reserves, Record Annual Production and Adjusted Funds Flow from Operations, and 2017 Year-End Financial and Operating Results
CALGARY, March 7, 2018 /CNW/ - Painted Pony Energy Ltd. ("Painted Pony" or the "Corporation") (TSX: PONY) is pleased to announce that Proved Plus Probable reserves as at December 31, 2017 were 6.9 Tcfe representing year-over-year growth of 40%, record annual average daily production of 257 MMcfe/d (42,882 boe/d) complimented by a 93% increase in adjusted funds flow from operations to a Corporation record of $108 million, and 2017 year-end financial and operational results. 2017 Reserve [Read more]