TSX-V: HME - VANCOUVER, May 8, 2018 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") is pleased to provide an update on its operations and current production. Hemisphere had an active start to 2018 with three Atlee Buffalo G pool development wells drilled in the first quarter. The first well was completed as a producing oil well and tied-in to the new Atlee Buffalo G pool facility in late March 2018. It has now been on production for over a month and is [Read more]
Headlines
Advantage Extends Odd-Lot Share Repurchase Program
(TSX: AAV, NYSE: AAV) - CALGARY, May 8, 2018 /PRNewswire/ - Advantage Oil & Gas Ltd. ("Advantage") is pleased to announce that it has extended the expiry of its previously disclosed odd-lot share repurchase program (the "Odd Lot Program") by six weeks to June 19, 2018. Pursuant to the Odd Lot Program, Advantage has offered to buy back common shares from registered and beneficial shareholders of Advantage who own 99 or fewer common shares ("Odd Lot Holders"). The Odd Lot Program affords Odd [Read more]
Perpetual Energy Inc. Releases First Quarter 2018 Financial and Operating Results
CALGARY, May 8, 2018 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to release its first quarter 2018 financial and operating results. A complete copy of Perpetual's unaudited condensed interim consolidated financial statements and related Management Discussion and Analysis ("MD&A") for the three months ended March 31, 2018 can be obtained through the Company's website at www.perpetualenergyinc.com and SEDAR at www.sedar.com. FIRST [Read more]
Cona Resources Ltd. Announces First Quarter 2018 Results
CALGARY, May 8, 2018 /CNW/ - Cona Resources Ltd. ("Cona" or the "Company") (TSX: CONA) announces its operating and financial results for the three months ended March 31, 2018. Cona's financial statements and management's discussion and analysis ("MD&A") for the three months ended March 31, 2018 are available on our website at www.conaresources.com and on SEDAR at www.sedar.com. HIGHLIGHTS Production for the first quarter of 2018 averaged 17,143 boe/d (99% oil), ahead of fourth [Read more]
Royal Dutch Shell to sell stake in Canadian Natural Resources
TORONTO - Royal Dutch Shell is selling its stake in Canadian Natural Resources Ltd. for about $4.3 billion. The sale of more than 97 million shares represents Shell's entire interest in Canadian Natural, a roughly eight per cent stake in the company. Shell said in a statement Monday night that proceeds from the sale will contribute to reducing net debt. The sale is expected to complete on Wednesday. Shell shares closed at $45.30 on the Toronto Stock Exchange on Monday. The company [Read more]
Live Now- Canada’s 1st Virtual Oil and Gas Expo In Partnership With Shell
Attend For Free! Our show is now live click here to attend for free We are so pleased to welcome you all to the SOLD-OUT Industry Connect! We have a full two days planned for you, and the best part is you can experience everything on your own schedule, completely from your computer, laptop, or phone! WHO’S HERE? Industry Connect is pleased to welcome 100 exhibiting companies, dozens of webinar hosts, and more than 2,000 pre-registered attendees representing the Oil & Gas [Read more]
Petrus Resources Announces First Quarter 2018 Financial & Operating Results
CALGARY, Alberta, May 07, 2018 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX:PRQ) is pleased to report financial and operating results for the first quarter of 2018. Petrus is focused on organic growth and infrastructure control in its core area, Ferrier, Alberta. The Company is targeting light oil and liquids rich natural gas in the Cardium formation as well as investing in infrastructure in Ferrier to control operations in order to maximize the Company's return on [Read more]
Shell Sells Its Interest In Canadian Natural Resources Limited
Royal Dutch Shell plc ("Shell") announces an agreement to sell its entire stake in Canadian Natural Resources Limited ("Canadian Natural") THE HAGUE, Netherlands, May 7, 2018 /CNW/ -- Shell's subsidiary, Shell Gas B.V. ("SGBV"), has entered into an underwriting agreement with Goldman Sachs & Co, RBC Capital Markets, Scotiabank and TD Securities, for the sale of 97,560,975 shares in Canadian Natural, representing its entire interest in Canadian Natural resulting in total pre-tax proceeds [Read more]
Kenney returns to Ottawa as wing man in Tories’ fight against carbon tax
OTTAWA - Jason Kenney, leader of Alberta's United Conservative Party, returned to Parliament Hill on Monday where he sparred with federal lawmakers over the Trudeau government's carbon pricing policy, which he's vowed to fight if he's elected premier next year. The former Harper cabinet minister testified before a parliamentary committee on the Liberals' controversial plan to ensure all provinces impose a carbon tax as a way to cut pollution. Kenney's appearance also provided support for [Read more]
ConocoPhillips moves to take key Venezuelan oil operations
CARACAS, Venezuela - U.S. oil giant ConocoPhillips is pressing for control of Venezuela's key offshore operations in the Caribbean, seeking to recoup $2 billion from a decade-old dispute with the nation struggling to feed its people, a source confirmed Monday. The Houston-based ConocoPhillips is asking a court in the Dutch Antilles for control of facilities that Venezuela's state-run oil firm PDVSA operates, a person familiar with the claim confirmed to The Associated Press. The person was [Read more]