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]
Headlines
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]
Baker Hughes Announces February 2018 Rig Counts
HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for February 2018 was 979, up 19 from the 960 counted in January 2018, and up 38 from the 941 counted in February 2017. The international offshore rig count for February 2018 was 194, down 2 from the 196 counted in January 2018, and down 6 from the 200 counted in February 2017. The average U.S. rig count for February 2018 was 969, up 32 from the 937 [Read more]
Australia’s Woodside drops Grassy Point LNG plan in Canada
Australia's Woodside Petroleum has dropped plans to build a liquefied natural gas export plant at Grassy Point on Canada's west coast,choosing to focus on another Canadian LNG project, Kitimat, run by Chevron Corp . Woodside's rights to develop the Grassy Point LNG site,about 30 km north of Prince Rupert, expired on Jan. 15, and the company said on Wednesday it had decided not to renew the agreement. "The decision was made after careful consideration of our long-term development strategy [Read more]
TransGlobe Energy Corporation Announces Year-End 2017 Financial and Operating Results
CALGARY, Alberta, March 07, 2018 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (“TransGlobe” or the “Company”) is pleased to announce its financial and operating results for the three months and year-ended December 31, 2017. All dollar values are expressed in United States dollars unless otherwise stated. TransGlobe's Consolidated Financial Statements together with the notes related thereto, as well as TransGlobe's Management's Discussion and Analysis for the years ended December 31, 2017 [Read more]
Cona Resources Ltd. Announces Fourth Quarter & Year-End 2017 Results and Revised 2018 Guidance
CALGARY, March 6, 2018 /CNW/ - Cona Resources Ltd. ("Cona" or the "Company") (TSX: CONA) announces its operating and financial results for the three months and year ended December 31, 2017 and revised guidance for 2018 reflecting recent asset dispositions and continued weakness in Canadian heavy oil prices. Cona's financial statements, management's discussion and analysis ("MD&A") and annual information form ("AIF") for the year ended December 31, 2017, as well as the news release dated [Read more]