This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta, Nov. 08, 2018 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (TSX & AIM: “TGL” & NASDAQ: “TGA”) (“TransGlobe” or the “Company”) is pleased to announce its financial and operating results for the three and nine months ended September [Read more]
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Pengrowth Provides Updated 51-101 Reserves Report as at September 30, 2018
Proven and Probable Reserves Increase to 449 Million Barrels of Oil Equivalent CALGARY, Alberta, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (“Pengrowth”) (TSX:PGF, OTCQX:PGHEF), today reported Pengrowth’s reserves values effective September 30, 2018 based on an independent engineering evaluation conducted by GLJ Petroleum Consultants Ltd. (GLJ) using the GLJ October 1, 2018 price forecast and prepared in accordance with National Instrument 51-101 (NI 51-101) and the Canadian [Read more]
Pengrowth Announces Third Quarter 2018 Results, 2019 Capital Plan and 2019 Guidance
Lindbergh Production Establishes New Record in October Averaging 18,350 bbl/d with Five of Eight Infill Wells on Production CALGARY, Alberta, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (“Pengrowth”) (TSX:PGF, OTCQX:PGHEF), today reported its results for the three and nine months ended September 30, 2018. Unless otherwise indicated, financial figures are expressed in Canadian Dollars. "As a result of the successful execution of our 2018 infill program, current production [Read more]
Moving Equipment Across Provincial Borders? Here’s What Your O&G Company Needs To Know
With the investment landscape in the oil and gas industry starting to shift, and more Canadian companies expanding to manage projects in multiple provinces, issues of indirect tax are becoming more prevalent. Add the recent changes to GST/HST/PST, and oil and gas companies across Canada have had to re-assess their processes for moving equipment and resources across Provincial borders. Join BDO Canada's indirect tax expert Mitch LaBuick for a 30 minute webinar discussing some of the [Read more]
Pipeline blast forces FortisBC to the open market for natural gas supply
VANCOUVER - FortisBC is looking at several options to boost its stock of natural gas in an effort to get its customers through the winter after a pipeline blast squeezed off supply. Sean Beardow, manager of corporate communications with Fortis, says the flow through the Enbridge pipeline that exploded in flames near Prince George last month has reached about 55 per cent, far below what they'll need this winter. He says the company is getting more fuel from an Alberta pipeline and has [Read more]
Energy board to hear traditional Indigenous evidence in Trans Mountain review
VANCOUVER - The National Energy Board will hear oral traditional evidence from Indigenous groups in the coming weeks as part of its new review of the Trans Mountain pipeline expansion. The Federal Court of Appeal struck down the federal government's approval of the project in August, citing inadequate Indigenous consultation and the energy board's failure to review the project's impacts on the marine environment. Prime Minister Justin Trudeau's government ordered the energy board to review [Read more]
Gear Energy Ltd. Announces Third Quarter 2018 Operating Results
CALGARY, Nov. 7, 2018 /CNW/ - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to provide the following third quarter operating update to shareholders. Gear's Interim Financial Statements and related Management's Discussion and Analysis ("MD&A") for the period ended September 30, 2018 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Financial Summary Three months ended Nine months ended (Cdn$ [Read more]
Velvet Energy Ltd. Completes Acquisition of Iron Bridge Resources Inc.
CALGARY, Alberta, Nov. 07, 2018 (GLOBE NEWSWIRE) -- Velvet Energy Ltd. ("Velvet") and Iron Bridge Resources Inc. (TSX: IBR) ("Iron Bridge") announced today that Velvet has completed its acquisition of Iron Bridge. Yesterday, at a special meeting held in Calgary, Alberta, the holders ("Iron Bridge Shareholders") of common shares of Iron Bridge ("Iron Bridge Shares") overwhelmingly approved the amalgamation (the "Amalgamation") of Iron Bridge and Velvet Acquisition Company Ltd. ("AcquisitionCo"), [Read more]
Athabasca Oil Corporation Announces 2018 Third Quarter Results
CALGARY, Alberta, Nov. 07, 2018 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to provide its 2018 third quarter results and an operations update. Q3 2018 Results and Operational Highlights Consolidated Results – Strength in Execution Production of 40,612 boe/d (88% liquids), representing 12% growth year over year Record adjusted funds flow of $62.2 million ($0.12/sh) and operating income of $83.7 million Capital expenditures of [Read more]
Suncor announces resignation of Jacynthe Côté from Board of Directors
CALGARY, Alberta, Nov. 07, 2018 (GLOBE NEWSWIRE) -- Suncor announced today that Jacynthe Côté will be stepping down from Suncor’s Board of Directors effective immediately. "Jacynthe has been a valued member of our Board, serving as a member of our audit committee and our environment, health, safety and sustainable development committee,” said Mike Wilson, chair of Suncor’s Board of Directors. “Since she joined our Board in February 2015, she’s leveraged her significant mining industry [Read more]