HALIFAX, NOVA SCOTIA--(Marketwired - Nov. 13, 2017) - Corridor Resources Inc. (TSX:CDH) ("Corridor") announced today its third quarter financial results. The following table provides a summary of Corridor's financial and operating results for the three and nine months ended September 30, 2017, with comparisons to the three and nine months ended September 30, 2016. Corridor's unaudited financial statements and management's discussion and analysis for the third quarter have been filed on SEDAR [Read more]
Headlines
Zargon Oil & Gas Ltd. Provides 2017 Third Quarter Results and Provides First Half 2018 Guidance and Capital Budget
CALGARY, Alberta, Nov. 13, 2017 (GLOBE NEWSWIRE) -- Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) (TSX:ZAR) (TSX:ZAR.DB.A). FINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED SEPTEMBER 30, 2017) Third quarter 2017 production averaged 2,628 barrels of oil equivalent per day, a five percent increase from the preceding quarter rate of 2,500 barrels of oil equivalent per day. Third quarter 2017 funds flow from operating activities of $1.76 million increased 54 percent from the [Read more]
Cenovus reaches agreement to sell interest in Weyburn asset for $940 million
CALGARY, Alberta, Nov. 13, 2017 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) has entered into an agreement to sell its majority interest in the Weyburn carbon-dioxide enhanced oil recovery operation in Saskatchewan for cash proceeds of $940 million. The sale is expected to close in the fourth quarter of 2017, subject to customary closing conditions. The previously announced sale of Cenovus’s Pelican Lake assets closed on September 29, 2017 and the company still anticipates the [Read more]
Whitecap Resources Inc. Announces Acquisition of World Class Enhanced Oil Recovery Project, $425 Million Financing, Dividend Increase of 5% and Significantly Enhanced Free Funds Flow
CALGARY, ALBERTA--(Marketwired - Nov. 13, 2017) - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX:WCP) is pleased to announce that it has entered into an agreement to purchase high quality light oil assets in southeast Saskatchewan for cash consideration of $940 million before closing adjustments (the "Acquisition"). The Acquisition includes a 62.1% operated working interest in the Weyburn Unit (14,600 boe/d) and 200 boe/d of production from minor assets in southeast Saskatchewan (the [Read more]
AltaCorp Capital founder, oil and gas financier George Gosbee dies suddenly
CALGARY - Investment firm AltaCorp Capital Inc. says its founder and CEO, Calgary oil and gas financier George Gosbee, died suddenly on Sunday. Gosbee was a former governor of the National Hockey League and, in 2013, led a group to purchase the Arizona Coyotes and restructure the team. Current team owner Andrew Barroway tweeted he was "deeply saddened" by the news. Gosbee, 48, founded AltaCorp Capital in 2010 and struck a deal to partner it with ATB Financial, an Alberta [Read more]
Teine Energy Ltd. Announces COO Appointment
CALGARY, Nov. 13, 2017 /CNW/ - Teine Energy Ltd. "Teine" announces that Paul Ringrose has been appointed to the role of Senior Vice-President and Chief Operating Officer. Mr. Ringrose is a Professional Engineer with over 20 years of industry experience. He started his oil and gas career working for Imperial Oil Resources and for the next 12 years held various senior engineering, operational and management positions with both Imperial Oil and ExxonMobil. Mr. Ringrose subsequently held the [Read more]
InPlay Oil Corp. Announces Third Quarter 2017 Financial and Operating Results and an Increased Land Position in the Emerging East Basin Duvernay Shale Play
CALGARY, Alberta, Nov. 13, 2017 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX:IPO) (OTCQX:IPOOF) (“InPlay” or the “Company”) announces its financial and operating results for the three and nine months ended September 30, 2017. InPlay’s unaudited interim financial statements and notes, as well as management’s discussion and analysis (“MD&A”) for the three and nine months ended September 30, 2017 will be available shortly on the System for Electronic Document Analysis and Retrieval (“SEDAR”) and [Read more]
Petrus Resources Announces Third Quarter 2017 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Nov. 10, 2017) - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX:PRQ) is pleased to report financial and operating results for the third quarter of 2017. Petrus is focused on organic growth and infrastructure control in its core area, Ferrier, Alberta. The Company is targeting 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 investment. The [Read more]
Questerre releases third quarter 2017 results
CALGARY, ALBERTA--(Marketwired - Nov. 10, 2017) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC) (OSLO:QEC) reported today on its financial and operating results for the third quarter ended September 30, 2017. Michael Binnion, President and Chief Executive Officer of Questerre, commented, "We are seeing the early results of our increased capital investment in Kakwa this year. Production from this area has almost doubled since the first quarter to 1,400 boe/d with four [Read more]
U.S. Justice pledges to prosecute activists who damage pipelines
The U.S. Department of Justice on Friday pledged to prosecute protesters who damage oil pipelines and other energy infrastructure, a decision that could escalate tensions between climate activists and the administration of President Donald Trump. The DOJ said it was committed to vigorously prosecuting those who damage "critical energy infrastructure in violation of federal law." Attempts to "damage or shut down" pipelines deprive communities of services and can put lives at [Read more]