International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 349,712 IPC common shares (ISIN: CA46016U1084) during the week of November 25 to 29, 2019 under the previously announced share repurchase program. The share repurchase program, announced by IPC on November 7, 2019, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No [Read more]
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Briko Energy Corp. Announces Third Quarter 2019 Financial and Operating Results
Calgary - Briko Energy Corp. ("Briko" or the "Corporation") is pleased to report its financial and operating results for the three and nine months ended September 30, 2019. Financial and operational information is set out below and should be read in conjunction with Briko's September 30, 2019 condensed unaudited interim financial statements and the related management's discussion and analysis ("MD&A"). Briko's condensed unaudited interim financial statements and MD&A are available for [Read more]
Cequence Energy Announces Confirmation of Its Credit Facility Borrowing Base
CALGARY - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce that its senior lender has completed a redetermination of the borrowing base under the Company’s senior secured credit facility (the “Credit Facility”), and has confirmed the borrowing base remains at $7 million. Other than outstanding letters of credit totalling approximately $1.6 million, the Company currently has no amounts drawn under the Credit Facility. OVERVIEW OF CEQUENCE Cequence is engaged [Read more]
Cuda Oil and Gas Inc. Announces the Extension and Expansion of its Credit Facility to Continue to Fund its Light Oil Asset in the Powder River Basin – Wyoming
CALGARY - Cuda Oil and Gas Inc. (“Cuda” or the “Company”) (TSXV: CUDA) is pleased to announce that it has entered into an Agreement with the Company’s institutional lender (the “Lender”) to extend the expiration of its 2nd Lien Facility from December 31, 2019 to March 31, 2020. In addition, the Lender has agreed to advance funding of $4.5 MM CAD under the 2nd Lien Facility. The capital proceeds will be used to fund oil field development expenditures associated with the Company’s Barron Flats [Read more]
Canada weekly rig count down 11 to 126
Canada’s fleet of active drilling rigs shrank from 137 to 126 since last week according to data from Baker Hughes. Total drilling count was 126 at November 27. 77 rigs were drilling for oil; 49 for natural gas. The drilling activity in Alberta and Saskatchewan decreased, with Alberta lowering from 91 to 86 and Saskatchewan losing 5 wells, from 31 to 25. View a full breakdown of Western Canada’s rig activity. [Read more]
Clearview Reports Third Quarter Results and Operations Update
Adjusted funds flow of $0.9 million in the third quarter, up 17% from the comparative quarter of 2018 and $4.2 million of adjusted funds flow for the nine months ended September 30, 2019, up 139%, versus the comparative nine months of 2018 Reduced net debt by $2.4 million, since the beginning of the year, to $15.8 million at September 30, 2019 resulting in a net debt to annualized nine-month adjusted funds flow ratio of 2.8:1 Increased production 13% and 15%, in the three and nine months [Read more]
Saturn Oil & Gas Inc. Announces Q3 2019 Results Highlighted by EBITDAX of $9.6 Million in Nine Months of 2019
CALGARY- Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: SOIL) (FSE: SMK) today announced its financial and operating results for the three and nine month periods ended September 30, 2019. The Company’s unaudited interim financial statements and corresponding Management’s Discussion and Analysis (“MD&A”) for the three and nine month periods ended September 30, 2019, are available on SEDAR at www.sedar.com and on Saturn’s website at www.saturnoil.com. Copies of the materials [Read more]
Oil falls amid slow holiday trade before OPEC+ meeting
Oil prices slipped on Friday in quiet trade with the U.S. Thanksgiving holiday limiting activity, while investors awaited a meeting of OPEC and its allies next week that may result in the extension of an output cut agreement to support the market. West Texas Intermediate (WTI) futures were down $1.68, or 2.82%, at $56.59 a barrel. Brent crude futures declined $1.52, or 2.4%, at $61.75 a barrel. Next week's meeting of the Organization of the Petroleum Exporting Countries (OPEC) and [Read more]
Enbridge Gas Chatham-Kent Rural Pipeline Expansion Now Open for Business
Reliable access to affordable natural gas meets agricultural, commercial, and industrial market demand CHATHAM, ON - Enbridge Gas announced today that the Chatham-Kent Rural Pipeline Expansion Project is in service. The $19.1M project ensures the reliable delivery of natural gas, meeting the growing agricultural, commercial, and industrial market demand in Chatham-Kent and surrounding areas, including in the fast-growing greenhouse market. This project was supported by the Natural Gas [Read more]
Canada October producer prices edge up 0.1% on energy, petroleum prices
Canadian producer prices rose by 0.1% in October, on higher energy and petroleum prices, Statistics Canada data showed on Friday. Analysts in a Reuters poll had predicted prices would hold steady in October, following a 0.1% decline in September. Of the 21 major commodity groups tracked by Statistics Canada, 10 fell, nine rose and two were unchanged. Prices for energy and petroleum products increased by 1.2%, thanks mostly to higher diesel and light fuel oil prices, which jumped 4.1% and [Read more]