CALGARY, Alberta, March 15, 2018 (GLOBE NEWSWIRE) -- Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) (TSX:ZAR) (TSX:ZAR.DB.A) has released its 2017 fourth quarter and full year financial results. Previously, Zargon provided 2017 year end reserves, production updates and 2018 H1 production/capital guidance in our February 12, 2018 and November 13, 2017 press releases. Highlights from the fourth quarter and year ended Dec. 31, 2017 are provided below: HIGHLIGHTS FROM THE [Read more]
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Spartan Energy Corp. Announces 2017 Fourth Quarter and Year End Results and Announces Share Repurchase Program
CALGARY, Alberta, March 15, 2018 (GLOBE NEWSWIRE) -- Spartan Energy Corp.("Spartan" or the "Company") (TSX:SPE) is pleased to report its financial and operating results for the fourth quarter and year ended December 31, 2017. Selected financial and operational information is set out below and should be read in conjunction with Spartan's December 31, 2017 audited annual financial statements and the related management’s discussion and analysis (“MD&A”). The financial statements and MD&A [Read more]
Global oil demand picks up but still lags rising supply: IEA
LONDON (Reuters) - Global oil demand is expected to pick up this year but supply is growing at a faster pace, leading to a rise in inventories in the first quarter of 2018, the International Energy Agency (IEA) said on Thursday. The IEA raised its forecast for oil demand this year to 99.3 million barrels per day (bpd) from 97.8 million bpd in 2017. Commercial oil inventories in industrialized OECD nations rose in January for the first time in seven months to 2.871 billion barrels, 53 [Read more]
Canadian Natural Resources Limited Announces Intention to Institute a Normal Course Issuer Bid
CALGARY, Alberta, March 14, 2018 (GLOBE NEWSWIRE) -- Canadian Natural Resources Limited (the "Corporation") announced today its intention, subject to regulatory approval, including the approval of the Toronto Stock Exchange ("TSX"), to purchase for cancellation up to 61,295,086 of its common shares (representing 5% of the common shares as at March 13, 2018) through a normal course issuer bid (the “NCIB”). The Corporation is currently engaged in a normal course issuer bid, which commenced May 23, [Read more]
CTF: Free pass for foreign oil costs taxpayers billions
CALGARY, AB: The Canadian Taxpayers Federation (CTF) released documents obtained from the federal government through Access to Information that show foreign oil is getting a free emissions pass from the federal government – one that is costing taxpayers billions of dollars. In August 2017, the federal government decided to change the rules halfway through the Energy East pipeline review by requiring the project to go through an “upstream and downstream emissions review.” TransCanada cancelled [Read more]
Surge Energy Inc. Announces Fourth Quarter and 2017 Year End Results; Exceeds 2017 Production Exit Rate Target; Increased Adjusted Funds Flow Per Share by 40 Percent
CALGARY, March 14, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the quarter ended December 31, 2017. In Q4 2017 Surge's average daily production of 15,675 boepd (81 percent oil and NGL's) came in above the Company's budget projections. The Company also exceeded management's 2017 production exit rate target of 15,850 boepd. Surge has now increased production per share by more than 22 percent over the last six financial [Read more]
Birchcliff Energy Ltd. Announces Filing of Its 2017 Year End Disclosure Documents and Operational Update
CALGARY, Alberta, March 14, 2018 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff”) (TSX:BIR) is pleased to announce that it has filed its audited annual financial statements and related management’s discussion and analysis and its annual information form (the “AIF”) for the financial year ended December 31, 2017 (collectively, the “Annual Filings”) on the System for Electronic Document Analysis and Retrieval (“SEDAR”). The audited annual financial statements are consistent with the [Read more]
Western Canadian Energy Executive Randy Jespersen Joins Steelhead LNG Executive Team and Board of Directors
Jespersen brings more than 35 years of energy industry experience, including delivering major natural gas pipeline and LNG projects in British Columbia VANCOUVER, March 14, 2018 /CNW/ - Steelhead LNG's development of a natural gas pipeline and ongoing gas supply discussions to support the Kwispaa LNG facility will benefit from the strategic and relationship leadership of former Terasen CEO R.L (Randy) Jespersen, who has been appointed Executive Chairman, Pipeline. Mr. Jespersen joins Steelhead [Read more]
Hemisphere Energy Completes Drilling Program
VANCOUVER, March 14, 2018 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") is pleased to announce that it has completed its winter development drilling program in Atlee Buffalo, southeast Alberta. Hemisphere has finished its three-well drilling program in the Atlee Buffalo Upper Mannville G pool, where the Company recently constructed a large centralized oil battery. The results of pressure surveys at the wells indicate continued improvement of [Read more]
Seven Generations delivers $1.23 billion of funds from operations in 2017, up 66%
Return on capital employed of 10% in 2017 Q4 condensate production of 63,700 bbls/d, up 47%; operating netback of $24.86 per boe CALGARY, Alberta, March 14, 2018 (GLOBE NEWSWIRE) -- Seven Generations (TSX:VII) achieved record funds from operations of $1.23 billion for 2017 and $404 million in the fourth quarter, up 66 percent and 84 percent respectively from the same periods of the prior year. Cash provided by operating activities also increased by 74 percent to $310 million in the fourth [Read more]