CALGARY, Alberta, March 06, 2019 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae”) (TSXV: PEA) is pleased to announce that it has issued 320,000 common shares at a price of $2.00 per share (the “Over-Allotment Offering”), for incremental gross proceeds of $640,000, pursuant to the partial exercise of an over-allotment option (the “Over-Allotment Option”) granted by the Company to a syndicate of investment dealers co-led by KES 7 Capital Inc., National Bank Financial Inc. and Laurentian [Read more]
Headlines
STEP Energy Services cuts staff as Canadian oilfield spending slump continues
CALGARY - Another Calgary-based oilfield services company is reporting job cuts as activity in Canada slows due to lower oil and gas producer spending. STEP Energy Services Ltd. says it cut 13 per cent of its administrative staff in early 2019 and has reduced field staff by 12 per cent since Oct. 1. In a regulatory filing last year, the company indicated it had 1,120 employees at the end of 2017, most in Canada. It added about 400 U.S. staff with its $350-million [Read more]
Column: Calgary falls for a Siren’s call
About a year and a half ago I wrote that, whether you liked him or not, Donald Trump was the only elected political leader advancing Alberta's interests. Hopefully that will change in this year's Albertan and Canadian elections, but for now it's an opinion that still holds up well with the recent news that Premier Notley has appointed yet another fox to help supervise the chicken coop, by adding Ed Whittingham to the board of directors of the AER. Mr. Whittingham's prior life as head of the [Read more]
NuVista Energy Ltd. Announces Record Increase to Reserves, Provides Positive Year End 2018 Financial and Operating Results, Re-Affirms Strong 2019 Production Growth
CALGARY, Alberta, March 05, 2019 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce results for the three months and year ended December 31, 2018 and provide an update on our future business plans. Record 2018 Results, Strong 2019 Growth During the quarter and year ended December 31, 2018, NuVista: Produced a record 49,060 Boe/d for the fourth quarter of 2018, above the top of the guidance range of 46,000 – 48,500 Boe/d and 31% greater [Read more]
Kelt Reports Financial and Operating Results for the Quarter and Year Ended December 31, 2018
CALGARY, Alberta, March 06, 2019 (GLOBE NEWSWIRE) -- Kelt Exploration Ltd. (TSX:KEL) (“Kelt” or the “Company”) has released its financial and operating results for the fourth quarter and year ended December 31, 2018. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended December 31 Year ended December 31 (CA$ thousands, except as otherwise indicated) 2018 2017 % 2018 2017 % Petroleum and natural gas revenue, before [Read more]
Pengrowth Announces Fourth Quarter 2018 Results, Provides Reserves Update and Launches Strategic Review
Lindbergh Exits 2018 as Expected With Production Greater Than 19,000 Barrels per Day and Continued into 2019 at the Upper End of Our Guidance Despite Alberta's Curtailment Program CALGARY, Alberta, March 06, 2019 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (“Pengrowth” or the "Company") (TSX:PGF, OTCQX:PGHEF), today reported its results for the three and twelve months ended December 31, 2018 as well as its reserves as at December 31, 2018. Subsequent to the quarter the Company signed a [Read more]
Baytex Announces Fourth Quarter and Full Year 2018 Financial and Operating Results and 2018 Year End Reserves
CALGARY, Alberta, March 06, 2019 (GLOBE NEWSWIRE) -- Baytex Energy Corp. ("Baytex")(TSX, NYSE: BTE) reports its operating and financial results for the three months and year ended December 31, 2018 (all amounts are in Canadian dollars unless otherwise noted). “In 2018, we repositioned our company through the Raging River combination which increased our high netback light oil assets while also deleveraging our balance sheet. Our operations are performing exceptionally well as we execute our [Read more]
XI Technologies: ARO and A&D – Know when to hold ’em, know when to run
Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. expands on the potential for increased divestiture activity in 2019 as Canadian Juniors deal with protracted market challenges. If you'd like Wednesday Word to the Wise delivered directly to your inbox,subscribe here In a recent Word to the Wise article, XI looked at how corporate/asset divestitures among Juniors may [Read more]
Tanager Energy Announces Strategic Plan and Continuance to BC
CALGARY, Alberta, March 05, 2019 (GLOBE NEWSWIRE) -- Tanager Energy Inc. (“Tanager” or the “Corporation”) (TSX-V: TAN, OTCQB: TANEF) announced today the Company has obtained the approval by its directors of a strategic plan for the balance of the 2019 fiscal year. Following its recent announcement of the appointment of a new CEO, the plan includes the following principal elements: Place Tanager’s three (3) Polk County, Texas Yegua formation wells (Ranger, Stampede and Jones) into [Read more]
Cardinal Energy Ltd. Announces 2018 Year-End Reserves
CALGARY, Alberta, March 05, 2019 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) is pleased to present its 2018 year end reserves which reinforce our successful 2018 drilling program and the low decline nature of our asset base. RESERVE HIGHLIGHTS (1) Proved Developed Producing ("PDP") reserve additions of 10.7 mmboe replaced 2018 production by 1.4x, predominantly through organic growth and Total Proved plus Probable ("TPP") reserve additions of 12.7 mmboe [Read more]