CALGARY, March 8, 2018 /CNW/ - OIL AND GAS OPERATIONS Paramount exited 2017 with fourth quarter sales volumes averaging 95,412 Boe/d compared to sales volumes of 11,901 Boe/d in the fourth quarter of 2016. Full year sales volumes averaged 44,970 Boe/d in 2017. Paramount's sales volumes, excluding sales volumes from properties acquired or sold in the year, more than doubled to approximately 22,500 Boe/d in 2017 compared to about 10,000 Boe/d in 2016. Fourth quarter [Read more]
Headlines
Granite Oil Corp. Announces 2017 Record Year End Reserve Metrics and Operational Update
CALGARY, Alberta, March 07, 2018 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO) (OTCQX:GXOCF) is pleased to present the summary results of the independent reserves report (the “Sproule Report”) prepared by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2017. In 2017 Granite invested approximately $18.8 million of capital expenditures (unaudited) all organically, including approximately $3.0 million of exploration, into its 100%-owned [Read more]
Touchstone Increases 2P Reserves by 18% to 18,535 Mbbl
CALGARY, Alberta, March 08, 2018 (GLOBE NEWSWIRE) -- Touchstone Exploration Inc. (“Touchstone” or the “Company”) (TSX:TXP) (LSE:TXP) announces the results of its independent year-end 2017 reserves evaluation. Reserve numbers provided herein were derived from an independent reserves report (the “Reserves Report”) prepared by GLJ Petroleum Consultants Ltd. (“GLJ”) effective December 31, 2017. All currency amounts are in Canadian dollars unless otherwise stated. The financial information contained [Read more]
Marquee Energy Ltd. announces 28% increase to total proved plus probable year-end reserves and provides operations update
CALGARY, March 7, 2018 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQX") is pleased to report its reserve evaluation for the year ended December 31, 2017, as well as provide an update on its first quarter drilling and completion operations. RESERVE HIGHLIGHTS Total proved developed producing ("PDP") reserves increased 9% to 5.3 mmboe; PDP reserves valuation discounted at 10% before tax was $67 million, which represents a 22% increase over year-end 2016. The PDP [Read more]
Delphi Energy Corp. Reports 2017 Year End Results and Reserves and Provides Operations Update
CALGARY, Alberta, March 07, 2018 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) (TSX:DEE) is pleased to announce its financial and operational results, crude oil and natural gas reserves information for the year ended December 31, 2017 and an operations update. 2017 HIGHLIGHTS Produced 8,401 barrels of oil equivalent per day (“boe/d”), a 14 percent increase from 7,392 boe/d in 2016. Average production in the fourth quarter of 2017 increased 35 percent to 9,588 boe/d [Read more]
Painted Pony Announces 6.9 Tcfe of Proved Plus Probable Reserves, Record Annual Production and Adjusted Funds Flow from Operations, and 2017 Year-End Financial and Operating Results
CALGARY, March 7, 2018 /CNW/ - Painted Pony Energy Ltd. ("Painted Pony" or the "Corporation") (TSX: PONY) is pleased to announce that Proved Plus Probable reserves as at December 31, 2017 were 6.9 Tcfe representing year-over-year growth of 40%, record annual average daily production of 257 MMcfe/d (42,882 boe/d) complimented by a 93% increase in adjusted funds flow from operations to a Corporation record of $108 million, and 2017 year-end financial and operational results. 2017 Reserve [Read more]
Athabasca Oil Corporation Announces Fourth Quarter and Year End 2017 Results
CALGARY, Alberta, March 07, 2018 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX:ATH) (“Athabasca” or the “Company”) is pleased to provide its fourth quarter and year end results. Over the last three years, Athabasca has transitioned from an early-stage exploration company into a sustainable intermediate producer with a strong cash flow outlook. During 2017, the Company successfully integrated a cornerstone Thermal Oil asset, achieved scale in its Light Oil Division and recapitalized its [Read more]
Kelt Reports Financial and Operating Results for the Quarter and Year Ended December 31, 2017
CALGARY, Alberta, March 07, 2018 (GLOBE NEWSWIRE) -- Kelt Exploration Ltd. (“Kelt” or the “Company”) (TSX:KEL) has released its financial and operating results for the fourth quarter and year ended December 31, 2017. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended December 31Year ended December 31(CA$ thousands, except as otherwise indicated) 2017 2016%2017 2016 %Petroleum and natural gas revenue, before royalties 80,838 55,737 45 [Read more]
Cona Resources Ltd. Announces Agreement to a Take Private Proposal from Waterous Energy Fund
CALGARY, March 7, 2018 /CNW/ - Cona Resources Ltd. ("Cona" or the "Company") (TSX: CONA) announces receipt of a proposal (the "Proposal") from Waterous Energy Fund and its affiliates ("WEF") to take the Company private at $2.55 per Cona common share (the "Transaction"). The offered price represents a 31% premium over Cona's 20-day volume weighted average price of $1.94 as of March 6, 2018. WEF acquired approximately 67% ownership of Cona in May of 2017 and, upon completion of the Transaction, [Read more]
Obsidian Energy Announces Year End 2017 Financial and Operational Results and Proposed Common Share Consolidation
CALGARY, March 7, 2018 /CNW/ - OBSIDIAN ENERGY LTD. (TSX/NYSE – OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce its financial and operational results for the year ended December 31, 2017. All figures are in Canadian dollars unless otherwise stated. Obsidian Energy's Management Discussion and Analysis ("MD&A") dated March 6, 2018 and audited financial statements for year end 2017 can be found on our website at www.obsidianenergy.com. The documents will also [Read more]