READER ADVISORY BOE Disclosure. The term barrels of oil equivalent ("BOE") may be misleading, particularly if used in isolation. A BOE conversion ratio of six thousand cubic feet per barrel (6mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All BOE conversions in the report are derived from converting gas to oil in the ratio mix of six [Read more]
Headlines
Perpetual Successfully Swaps an Additional $2.0 Million of 8.75% Senior Notes for Tourmaline Oil Corp. Shares and Extends the Securites Swap Proposal Acceptance Date
CALGARY, ALBERTA--(Marketwired - May 11, 2016) - Perpetual Energy Inc. (TSX:PMT) ("Perpetual" or the "Corporation") is pleased to announce that it has swapped an additional $2.0 million aggregate principal amount of senior notes pursuant to the previously announced securities swap proposal whereby Perpetual offered to swap a portion of the Tourmaline Oil Corp. shares (the "TOU Shares") owned by Perpetual (the "Securities Swap Proposal") on the basis of 21 Tourmaline Shares for each $1,000 [Read more]
Kelt Reports Financial and Operating Results for the Three Months Ended March 31, 2016
CALGARY, AB--(Marketwired - May 11, 2016) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") has released its financial and operating results for the three months ended March 31, 2016. The Company's financial results are summarized as follows: Financial Highlights Three months ended March 31 Change (CA$ thousands, except as otherwise indicated) 2016 2015 % Revenue, before royalties and [Read more]
Northern Blizzard Resources Inc. Announces First Quarter 2016 Results
CALGARY, May 11, 2016 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard" or the "Company") (TSX: NBZ) announces ts operating and financial results for the three months ended March 31, 2016. Northern Blizzard's financial statements and management's discussion and analysis ("MD&A") for the three months ended March 31, 2016 are available on our website at www.northernblizzard.com and on SEDAR at www.sedar.com. FINANCIAL AND OPERATING HIGHLIGHTS Three months [Read more]
Entero Hosts Exclusive MRF Seminar and Evaluator Panel Discussion
CALGARY, Alberta, May 11, 2016 - Entero is pleased to host an invitation-only seminar and panel discussion to address the changes to Alberta's Modernized Royalty Framework (MRF) and its impact on corporate portfolios. Ben Brunnen, Manager of Fiscal and Economic Policy from the Canadian Association of Petroleum Producers, will discuss CAPP’s involvement with the Royalty Review process and the industry’s reaction to the MRF. Mr. Brunnen will provide insight into the government’s position on [Read more]
TORC Oil & Gas Ltd. Announces First Quarter 2016 Financial & Operational Results
CALGARY, May 11, 2016 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce its financial and operating results for the three month period ended March 31, 2016. The associated management's discussion and analysis ("MD&A") and unaudited interim financial statements as at and for the quarter ended March 31, 2016 can be found at www.sedar.com and www.torcoil.com. Highlights Three months ended (in [Read more]
Tamarack Valley Energy Ltd. Announces 2016 First Quarter Results
CALGARY, ALBERTA--(Marketwired - May 11, 2016) - Tamarack Valley Energy Ltd. (TSX:TVE) ("Tamarack" or the "Company") is pleased to announce its operating and financial results for the first quarter of 2016. Production in the quarter averaged 9,582 boe/d (55% liquids), an increase of 18% over the first quarter of 2015. Based on current expectations for second quarter 2016 capital expenditures, the Company's first half 2016 average production is on target to be within the upper half of its [Read more]
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U.S. and international reservoir engineering, economics and reserves estimation expert Rod Sidle joins Energy Navigator’s Val Nav advisory team
Calgary, AB, Canada, May 11, 2016 – Oil and gas software maker Energy Navigator is pleased to announce the appointment of Mr. Rod Sidle as Industry Advisor – Reserves Management. Mr. Sidle brings to Energy Navigator and its clients vast experience in U.S. and international reservoir engineering and economics with a focus on reserves estimation. Mr. Sidle’s subject matter expertise will support continued growth of Val Nav®, Energy Navigator’s cross-functional software system that drives [Read more]
Granite Oil Corp. Announces First Quarter, 2016 Financial Results
CALGARY, ALBERTA--(Marketwired - May 10, 2016) - GRANITE OIL CORP. ("Granite" or the "Company") (TSX:GXO)(OTCQX:GXOCF) is pleased to release its financial and operational results for the three months ended March 31, 2016. FINANCIAL AND OPERATING HIGHLIGHTS Financial and operational highlights for the three month interim period ended March 31, 2016 are set out below and should be read in conjunction with the financial statements and related management's discussion and analysis available for [Read more]