CALGARY, AB - Altura Energy Inc. ("Altura" or the "Corporation") (TSXV: ATU) announces its financial and operating results for the three and six months ended June 30, 2020 and the renewal of its credit facility. The unaudited interim condensed consolidated financial statements and related management's discussion and analysis ("MD&A") are available at www.sedar.com and www.alturaenergy.ca. Selected financial and operating information for the three and six months ended June 30, 2020 appear [Read more]
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Clearview Resources Ltd. reports second quarter 2020 results
CALGARY, AB - Clearview Resources Ltd. ("Clearview" or the "Company") is pleased to announce its financial and operational results for the three and six months ended June 30, 2020. FINANCIAL and OPERATIONAL RESULTS During the second quarter of 2020, Clearview's realized price per barrel of oil equivalent ("boe") was lower by 49% than the comparative period of 2019, due to lower prices being realized for all of the Company's products, except natural gas. Crude oil and natural gas liquids [Read more]
Razor Energy Corp. announces second quarter 2020 results
CALGARY, Alberta - Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) announces its second quarter 2020 financial and operating results. Selected financial and operational information is outlined below and should be read in conjunction with Razor’s unaudited condensed consolidated interim financial statements and management’s discussion and analysis for the quarter ended June 30, 2020 which are available on SEDAR at www.sedar.com and the Company’s website www.razor-energy.com. Q2 2020 [Read more]
Blacksteel Energy Inc.: Alberta Securities Commission Blanket Order 51-519 – Temporary Exemption from Certain Corporate Finance Requirements
Calgary, Alberta - Blacksteel Energy Inc. (TSXV: BEY) ("Blacksteel" or the "Corporation") announces the Corporation will be relying on Blanket Order 51-519 with respect to the timing for the filing of the 2019 Annual Financial Statements Annual Management Discussion & Analysis and its Statement of Reserves Data and Other Oil and Gas Information, Report on Reserves Data by Independent Qualified Reserves Evaluator, and Report of Management and Directors on Oil and Gas Disclosure for the [Read more]
Highwood Oil Company Ltd. announces second quarter 2020 results
CALGARY, AB - Highwood Oil Company Ltd., ("Highwood" or the "Company") (TSXV: HOCL) is pleased to announce financial and operating results for the quarter ended June 30, 2020. The Company also announces that its unaudited financial statements and associated Management's Discussion and Analysis ("MD&A") for the quarter ended June 30, 2020, can be found at www.sedar.com and www.highwoodoil.com. Highlights Production of 870 bbl/d of oil in the second quarter of 2020, a 54% decrease [Read more]
Oil industry shuts platforms, rigs, refineries before storm
NEW YORK - The energy industry braced Wednesday for catastrophic storm surges and winds as Hurricane Laura cuts a dangerous path toward the coastlines of Texas and Louisiana. Oil and gas producers have evacuated platforms and rigs in the Gulf of Mexico and companies are shutting down refineries in the storm's path. Many had already done so while they were preparing for Tropical Storm Marco. Utilities are bracing for downed power lines and blackouts. “These hurricanes, they can attack the [Read more]
The need for action-Two days before Alberta’s fiscal update, Jason Kenney indicates it will show a +$10B revenue drop
Jason Kenney announced a cabinet shakeup tuesday, moving Doug Schweitzer into the newly created Ministry of Jobs, Economy, and Innovation, Tracy Allard to Municipal Affairs, and Kaycee Madu to the Ministry of Justice. But the biggest message of his address was his reference to the Summer 2020 report by the Conference Board of Canada that signaled that Alberta’s economy will be the most heavily hit economy in Canada this year with an 11% contraction and that tomorrow’s Alberta fiscal update will [Read more]
Hemisphere Energy Announces Financial and Operating Results for Q2 2020
Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") announces its financial and operating results for the three and six months ended June 30, 2020. Q2 2020 Highlights Achieved revenue of $2.5 million. Realized an operating netback of $2.7 million, including hedging gains of $1.4 million. Attained quarterly adjusted funds flow from operations of $1.4 million or $0.02 per share (basic). Increased quarterly production by 20% to [Read more]
Gibson Energy announces normal course issuer bid
CALGARY, Alberta - Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today the initiation of a Normal Course Issuer Bid (“NCIB”). Gibson’s Board of Directors has approved a NCIB, and the Toronto Stock Exchange (the “TSX”) has accepted Gibson’s Notice of Intention to Make a NCIB, enabling the Company to purchase and cancel up to 10%, or 11,765,180, of the public float for the issued and outstanding common shares as of August 24, 2020 over the next 12 months commencing August [Read more]
Equinor to cut jobs in U.S., Canada and UK following oil price fall
Norwegian oil and gas firm Equinor is set to cut jobs significantly in the United States, Canada and Britain to adjust to a fall in oil prices, a company spokesman said on Wednesday. The group plans to cut employee numbers in those countries by about 20% and contractor numbers by around half to ensure profitability at lower oil prices, the spokesman told Reuters, adding that the targets were communicated internally on Tuesday. Equinor will also not drill any new unconventional wells this [Read more]