CALGARY, Alberta, Nov. 14, 2019 (GLOBE NEWSWIRE) -- Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to report its Q3 2019 financial and operational results, provide an update on its production ramp-up, as well as an accelerated completion program within its capital guidance. The Company has filed its unaudited financial statements and related management’s discussion and analysis (“MD&A”) for the quarter ended September 30, 2019 on SEDAR. A conference call has been [Read more]
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Hemisphere Energy Announces Record Third Quarter 2019 Financial and Operating Results and Significant Corporate Growth
Vancouver, British Columbia-Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") announces its financial and operating results for the three months and nine months ended September 30, 2019. Q3 2019 HIGHLIGHTS Achieved record revenue of $8.2 million, a 40% increase over the third quarter of 2018. Realized record quarterly funds flow from operations of $3.6 million, a 157% increase over the third quarter of 2018. Increased average quarterly production to a [Read more]
Alberta test case: Planned sale of gas wells, pipelines raises cleanup concerns
CALGARY - The possible transfer of hundreds of sour gas wells, pipelines and other facilities from an energy giant to a much smaller company has raised concerns about Alberta's efforts to ensure taxpayers don't get stuck with the cleanup bill. "My faith that the (regulator) is making some form of really careful stress test on these companies is just not there," said Mike Judd, a retired guide and outfitter who lives in the middle of the gas field and has filed a statement of concern over the [Read more]
Review of federal fossil fuel subsidies appears to be behind schedule
OTTAWA - Canada's promise to produce an inventory of its fossil fuel subsidies as part of a joint peer review with Argentina appears to be off schedule and may not deliver results until 2021, an environmental advocate says. The peer review, which launched in June 2018 as part of a G20 commitment to eliminate all "inefficient" subsides to the fossil fuel sector, never had a specific deadline but was expected to take about two years. A Finance Canada spokeswoman this week would not give any [Read more]
Questerre reports net profit for third quarter of 2019
Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported a net profit of $1.33 million and production of just over 2,300 boe/d for the third quarter ended September 30, 2019. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “Exceptional well results drove an increase in production and positive earnings for the third quarter in spite of soft commodity prices. We continue to see the benefits of efficiency gains with lower well costs and [Read more]
Bellatrix Announces Filing of Third Quarter 2019 Financial and Operating Results and Delisting From Toronto Stock Exchange
Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) announces that it has filed its interim financial statements and related management’s discussion and analysis for the three and nine months ended September 30, 2019 with the Canadian securities regulatory authorities on SEDAR. Bellatrix also announces that on November 8, 2019, the Toronto Stock Exchange delisted the common shares of Bellatrix as a result of the Company’s initiation of creditor protection proceedings, as previously [Read more]
Freehold Royalties Ltd. Announces Third Quarter Results
Freehold Royalties Ltd. (Freehold) (TSX:FRU) announces third quarter results for the period ended September 30, 2019. Results At A Glance Three Months Ended Nine Months Ended September 30 September 30 FINANCIAL ($000s, except as noted) 2019 2018 Change 2019 2018 Change Royalty and other revenue 33,068 40,587 -19% 104,010 119,705 -13% Net income (loss) 2,729 8,389 -67% (920 ) 18,198 -105% Per share, basic and diluted [Read more]
Suncor Energy declares dividend and announces increase to share repurchase program
All financial figures are in Canadian dollars. Suncor Energy’s Board of Directors has approved a quarterly dividend of $0.42 per share on its common shares, payable December 24, 2019 to shareholders of record at the close of business on December 3, 2019. Suncor’s Board of Directors has also approved an increase to the company’s current share repurchase program of an additional $500 million increasing the program from $2.0 billion to $2.5 billion. Suncor will continue to be opportunistic in its [Read more]
Zargon Oil & Gas Ltd. Provides 2019 Third Quarter Results
Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) (TSX SYMBOL: ZAR). FINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED SEPT 30, 2019) Funds flow from operating activities of $1.41 million compared to $2.17 million recorded in the prior quarter. The decrease from the prior quarter was primarily due to lower production volumes and commodity prices that were partially offset by lower general and administrative expenses. Third quarter 2019 production averaged 1,715 barrels of oil [Read more]
Jupiter Reports Third Quarter 2019 Results
Jupiter Resources Ltd. and its affiliates (collectively, "Jupiter" or the "Company") today reported financial and operating results for the third quarter of 2019. Jupiter's third quarter financial results have been posted to the investor portal on the Company website. The Company will be hosting a conference call to discuss results on November 14, 2019. Conference Call Date: Thursday, November 14, 2019 Time: 9:00 a.m. MT (11:00 a.m. [Read more]