CALGARY, ALBERTA--(Marketwired - May 10, 2017) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to provide the following first quarter operating update to shareholders. Gear's Interim Financial Statements and related Management's Discussion and Analysis ("MD&A") for the period ended March 31, 2017 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Three months ended (Cdn$ thousands, except per boe amounts) March [Read more]
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Birchcliff Energy Ltd. Announces First Quarter 2017 Results, A Return to Profitability and Continued Operational Success
CALGARY, ALBERTA--(Marketwired - May 10, 2017) - Birchcliff Energy Ltd. ("Birchcliff" or the "Corporation") (TSX:BIR) is pleased to announce its 2017 first quarter results, with record quarterly average production of 61,662 boe/d. The full text of Birchcliff's First Quarter Report containing the unaudited interim condensed financial statements for the three month period ended March 31, 2017 and the related management's discussion and analysis will be available on Birchcliff's website at [Read more]
Oil price instability a wakeup call for Alberta
The province's undercapitalized and underperforming technology sector could, if adequately supported, deliver above-average returns for 20 or more years EDMONTON, Alta. /Troy Media/ – There’s an old saying in the strategy game: “Nothing fails like success.” A company (or a provincial economy) that has been very successful in the past will cling desperately to that formula long after its breakdown is obvious. That’s true in spades for the oil-and-gas-driven Alberta economy. Albertans need [Read more]
National Energy Board to announce revised scope of Energy East pipeline review
CALGARY - Canada's national energy regulator has proposed that the new review of the Energy East Pipeline consider upstream and downstream emissions from the project. The National Energy Board is seeking public input until the end of the month on the topics that should be considered during hearings into Energy East, with an update to that expected by the summer. The NEB says the hearing panel has specifically asked for feedback on the issue of greenhouse gas emissions during [Read more]
B.C. Election 2017: Christy Clark to try to govern with minority
British Columbia voters denied the B.C. Liberal party a new majority government Tuesday, instead splitting the political power base among three parties and plunging the province into the kind of uncertain minority government not seen in 65 years. But Liberal Leader Christy Clark said she intends to keep governing as premier. “Tonight we won the popular vote and we have also won the most seats,” she told a rally in Vancouver, after preliminary election results showed she won a minority [Read more]
Kelt Reports Financial and Operating Results for the Three Months Ended March 31, 2017
CALGARY, AB--(Marketwired - May 10, 2017) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") has released its financial and operating results for the three months ended March 31, 2017. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended March 31 (CA$ thousands, except as otherwise indicated) 2017 2016 % Revenue, before royalties and financial [Read more]
Spartan Energy Corp. Announces First Quarter Financial and Operating Results, Highlighted by Record Quarterly Production of 21,455 boe/d
CALGARY, ALBERTA--(Marketwired - May 10, 2017) - Spartan Energy Corp. ("Spartan" or the "Company") (TSX:SPE) is pleased to report its financial and operating results for the three months ended March 31, 2017. Selected financial and operational information is set out below and should be read in conjunction with Spartan's March 31, 2017 interim financial statements and the related management's discussion and analysis, which are available for review at www.sedar.com or on the Company's website at [Read more]
Paramount Resources Ltd. Announces First Quarter 2017 Results: Sales Volumes Average 16,163 Boe/d; Karr 6-18 Facility Expansion On-Stream Ahead of Schedule
CALGARY, May 10, 2017 /CNW/ - OIL AND GAS OPERATIONS Paramount's first quarter 2017 sales volumes averaged 16,163 Boe/d (47 percent Liquids), including approximately 10,000 Boe/d (58 percent Liquids) from Karr-Gold Creek. Liquids sales revenue totaled $38.0 million in the first quarter of 2017, 69 percent of the Company's total petroleum and natural gas sales revenue. Eight wells from the 2016/2017 Karr-Gold Creek Montney development program are currently on production: The [Read more]
Bellatrix Exploration Ltd. Announces First Quarter 2017 Financial and Operating Results, Increased 2017 Guidance and Increased Credit Facilities
TSX, NYSE: BXE CALGARY, May 10, 2017 /CNW/ - FIRST QUARTER 2017 HIGHLIGHTS Three months ended March 31, 2017 2016 SELECTED FINANCIAL RESULTS (CDN$000s except share and per share amounts) Cash flow from operating activities 8,258 10,333 Per basic share (1) $0.03 $0.05 Per diluted share (1) [Read more]
Granite Oil Corp. Announces First Quarter, 2017 Financial Results
CALGARY, ALBERTA--(Marketwired - May 9, 2017) - GRANITE OIL CORP. ("Granite" or the "Company") (TSX:GXO)(OTCQX:GXOCF) is pleased to release its financial and operational results and operational update for the three months ended March 31, 2017. FINANCIAL AND OPERATING HIGHLIGHTS Three Months Ended March 31, 2017 2016 (000s, except per share amounts) ($) ($) FINANCIAL Oil and natural gas revenues 14,451 8,017 Funds from [Read more]