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]
Artisan Energy Provides Corporate Update
CALGARY, ALBERTA--(Marketwired - May 10, 2016) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC), announces that the Corporation's principal secured lender has demanded repayment of all indebtedness owed. Artisan is not in a financial positon to make any repayment at this time. The directors of the Corporation have determined that Artisan's business is no longer a viable going concern, as its current market asset value is less than its current debt. Given the [Read more]
Cequence Energy Announces First Quarter Financial and Operating Results
CALGARY, May 10, 2016 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce its operating and financial results for the three month period ended March 31, 2016. The Company's Consolidated Financial Statements and Management's Discussion and Analysis are available at cequence-energy.com and on SEDAR at www.sedar.com. First Quarter 2016 Highlights First quarter Company highlights include: Achieved average quarterly production of 10,223 boe/d, an [Read more]
Connacher Announces Q1 2016 Results
CALGARY, May 10, 2016 /CNW/ - Connacher Oil and Gas Limited (CLC - TSX; "Connacher" or the "Company") announces its financial and operating results for the quarter-ended March 31, 2016 ("Q1 2016") (all amounts are in Canadian dollars unless otherwise noted). Q1 2016 Highlights Financial Q1 2016 revenue, net of royalties, decreased 78% to $11.8 million (Q1 2015 - $53.8 million) due to the decline in crude oil prices and lower sales volumes associated with the curtailment of [Read more]
Chinook Energy Inc. Announces First Quarter 2016 Results
CALGARY, ALBERTA--(Marketwired - May 10, 2016) - Chinook Energy Inc. ("our", "we", "us" or "Chinook") (TSX:CKE) is pleased to announce its first quarter financial and operating results. Our operational and financial highlights for the three months ended March 31, 2016 are noted below and should be read in conjunction with our condensed consolidated financial statements for the three months ended March 31, 2016 and 2015 and related management's discussion and analysis which have been posted on [Read more]
Anderson Energy Announces Closing of Exchange Transaction Related to Series B Debentures
CALGARY, ALBERTA--(Marketwired - May 10, 2016) - Anderson Energy Inc. ("Anderson" or the "Company") (TSX:AXL) announces that pursuant to an extraordinary resolution voted on and passed by the holders of the Company's 7.25% Series B convertible unsecured subordinated debentures due June 30, 2017 (the "Series B Debentures"), the Company has now met the closing conditions and, effective May 10, 2016, has exchanged both the entire principal amount ($46.0 million) and the interest that would [Read more]
Zargon Oil & Gas Ltd. Provides 2016 First Quarter Results
CALGARY, ALBERTA--(Marketwired - May 10, 2016) - Zargon Oil & Gas Ltd. ("Zargon" or the "Company") (TSX:ZAR) (TSX:ZAR.DB). FINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED MARCH 31, 2016) Funds flow from operating activities of a negative $0.3 million compare to the positive $3.6 million recorded in the prior quarter, and the positive $7.2 million reported in first quarter of 2015. The reduction in funds flow is primarily due to Zargon's sharply lower first quarter 2016 field [Read more]