Upcoming project completions and shale drilling efficiency highlighted Capital spending budget for 2017-18 targets $17-22 billion per year NEW YORK--(BUSINESS WIRE)--Chevron Corporation (NYSE:CVX) hosted its annual security analyst meeting in New York where executives reiterated priorities, expressed confidence in the company’s near term outlook and emphasized an advantaged position when markets rebound. “We’re completing major projects that have been under construction for several [Read more]
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Kelt Reports Financial and Operating Results for the Quarter and Year Ended December 31, 2015
CALGARY, AB --(Marketwired - March 08, 2016) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") has released its financial and operating results for the quarter and year ended December 31, 2015. The Company's financial results are summarized as follows: Financial Highlights Three months ended December 31 Year ended December 31 (CA$ thousands, except as otherwise indicated) 2015 2014 % 2015 2014 % Revenue, before royalties and [Read more]
Hemisphere Energy announces a 49% increase in proved developed producing reserves
TSX-V: HME VANCOUVER, March 8, 2016 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") is pleased to announce highlights from its independent reserves evaluation as at December 31, 2015 prepared by McDaniel & Associates Consultants Ltd. ("McDaniel"). In 2015, Hemisphere spent $2.4 million of development capital on its assets with specific focus on increasing fluid handling capacity in Jenner and implementing three enhanced oil recovery projects in its [Read more]
Sayer Energy Advisors assists Sojourn Energy with sale of two of its non-core heavy oil properties
Sayer Energy Advisors has been engaged to assist Sojourn Energy Inc. (“Sojourn” or the “Company”) with the sale of two of its non-core heavy oil properties, which are located in the Lloydminster area of Alberta and the Silverdale area of Saskatchewan (the “Properties”). Recent production net to Sojourn from the Properties has averaged 210 barrels of heavy oil per day. The Company is selling the Properties in order to direct capital to its other core properties. In the fourth quarter of [Read more]
Blackbird Energy Inc. Announces 522% Increase in Elmworth Montney Proved Plus Probable Reserves Volumes and Reports Results from Its Annual and Special Meeting of Shareholders
CALGARY, ALBERTA--(Marketwired - March 8, 2016) - Blackbird Energy Inc. ("Blackbird" or the "Company") (TSX VENTURE:BBI) is pleased to announce a 522% increase in proved plus probable reserves volumes. Blackbird's reserves as at January 31, 2016 were evaluated by the Company's independent reserves evaluators, GLJ Petroleum Consultants ("GLJ"). Highlights of Blackbird's January 31, 2016 reserves evaluation compared to Blackbird's July 31, 2015 reserves evaluation are as follows: Total [Read more]
Forent Energy Ltd. and Perisson Petroleum Corporation Announce Amalgamation
CALGARY, ALBERTA--(Marketwired - March 7, 2016) - Forent Energy Ltd. (TSX VENTURE:FEN) ("Forent") and Perisson Petroleum Corporation (CSE:POG) ("Perisson") are pleased to announce that they have entered into a definitive agreement pursuant to which Perisson and Forent have agreed to amalgamate under the Business Corporations Act (Alberta) (the "Amalgamation"). The Amalgamation Pursuant to the Amalgamation, each common share of Forent and Perisson will be exchanged for one common share of [Read more]
Chinook Energy Inc. Announces Its Audited Year-End Financial Results and 2016 Capital Program
CALGARY, ALBERTA--(Marketwired - March 7, 2016) - Chinook Energy Inc. ("our", "we", "us" or "Chinook") (TSX:CKE) is pleased to announce its audited year-end financial results and 2016 capital program. The audited financial results presented herein are consistent with the unaudited financial results announced in our news release issued on February 8, 2016. We will file the audited consolidated financial statements for the years ended December 31, 2015 and 2014 and related management's [Read more]
Raging River Exploration Inc. Announces Fourth Quarter & Year End 2015 Operating and Financial Results and Operations Update
CALGARY, ALBERTA--(Marketwired - March 7, 2016) - Raging River Exploration Inc. (the "Company" or "Raging River") (TSX:RRX) announces its operating and financial results for the three months and year ended December 31, 2015. Selected financial and operational information is outlined below and should be read in conjunction with the audited financial statements and the related management, discussion and analysis ("MD&A"). These filings will be available at www.sedar.com and the Company's [Read more]
Tourmaline Oil Corp. Earns $80.1 Million in 2015
CALGARY, AB--(Marketwired - March 07, 2016) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") achieved exceptional growth in reserves (30%) and production (37%) in 2015 while delivering strong profitability. HIGHLIGHTS Q4 earnings after tax of $34.6 million ($0.16/diluted share), re-emphasizing the fundamental profitability of Tourmaline's EP business even in a very low commodity price environment. Full year 2015 earnings were $80.1 million ($0.37/diluted share). Q4 2015 [Read more]
Zargon Oil & Gas Ltd. Provides 2015 Fourth Quarter and Full Year Financial Results
CALGARY, ALBERTA--(Marketwired - March 7, 2016) - Zargon Oil & Gas Ltd. ("Zargon" or the "Company") (TSX:ZAR)(TSX:ZAR.DB) - HIGHLIGHTS FROM THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2015 For calendar 2015, funds flow from operating activities of $24.14 million ($0.80 per basic share) was 52 percent lower than the $50.67 million ($1.68 per basic share) recorded in the prior year. Oil and liquids production averaged 3,727 barrels of oil and liquids per day in 2015, an 11 percent [Read more]