VANCOUVER - Two key British Columbia cabinet ministers are expected to outline the government's next steps Thursday on the Trans Mountain pipeline expansion after campaigning against the project. No details have been provided about the announcement by Attorney General David Eby and Environment Minister George Heyman, but the future of the $7.4-billion project has been heavily scrutinized since the NDP government came to power. Premier John Horgan promised on the campaign trail [Read more]
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Bonterra Energy Corp. Announces Second Quarter 2017 Financial and Operational Results
CALGARY, ALBERTA--(Marketwired - Aug. 9, 2017) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) ("Bonterra" or "the Company") is pleased to announce its operating and financial results for the three and six months ended June 30, 2017. The related unaudited condensed financial statements and notes, as well as management's discussion and analysis (MD&A), are available on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and on Bonterra's website at [Read more]
Strategic Oil & Gas Ltd. Announces Payment in Kind of Interest on Convertible Debentures
CALGARY, ALBERTA--(Marketwired - Aug. 9, 2017) - Strategic Oil & Gas Ltd. ("Strategic" or the "Company") (TSX VENTURE:SOG) announces that, with respect to the Company's outstanding convertible debentures, Strategic has elected to pay the interest in kind for the semi-annual interest payment due on August 31, 2017. Approximately $3.9 million in additional debentures will be issued, which will be convertible into common shares of Strategic at a conversion price of $2.03 per common share, [Read more]
Freehold Achieves Record Royalty Production, Increases Guidance
CALGARY, Alberta, Aug. 09, 2017 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX:FRU) announced second quarter results for the period ended June 30, 2017. Results at a Glance Three Months Ended Six Months Ended June 30 June 30 FINANCIAL ($000s, except as noted) 2017 2016 Change 2017 2016 Change Royalty and other revenue 38,430 32,219 19 % 79,521 57,152 39 % Net income (loss) 13,084 (2,249 ) - 20,172 [Read more]
Zargon Oil & Gas Ltd. Provides 2017 Second Quarter Results
CALGARY, Alberta, Aug. 09, 2017 (GLOBE NEWSWIRE) -- Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) (TSX:ZAR) (TSX:ZAR.DB.A). FINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED JUNE 30, 2017) Funds flow from operating activities of $1.14 million compared to $1.50 million recorded in the prior quarter, and $3.56 million reported in the second quarter of 2016. The year over year decrease in funds flow is primarily due to the sale of properties in the third quarter of 2016. [Read more]
BlackPearl Announces Second Quarter 2017 Financial and Operating Results
CALGARY, ALBERTA – BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX: PXX) (NASDAQ Stockholm: PXXS) is pleased to announce its financial and operating results for the three and six months ended June 30, 2017. Highlights include: We continued with construction of the 6,000 barrel per day (bbl/d) Phase 2 expansion of our successful Onion Lake thermal project. Facility modules started being delivered to site and we have commenced drilling injector and producer wells. Our [Read more]
Prairie Provident Announces Second Quarter 2017 Financial and Operating Results
CALGARY, ALBERTA--(Marketwired - Aug. 9, 2017) - Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") (TSX:PPR) is pleased to announce its operating and financial results for the three and six months ended June 30, 2017, and to provide an operational update. PPR's consolidated financial statements ("Financial Statements") and related Management's Discussion and Analysis ("MD&A") for the three and six months ended June 30, 2017 are available on its website and filed [Read more]
Peyto Announces Q2 2017 Results, Maintains Industry Leading Cash Costs
CALGARY, ALBERTA--(Marketwired - Aug. 9, 2017) - Peyto Exploration & Development Corp. (TSX:PEY) ("Peyto" or the "Company") is pleased to present its operating and financial results for the second quarter of the 2017 fiscal year. A 75% operating margin(1) and a 22% profit margin(2) in the quarter delivered an annualized 10% return on equity (ROE) and 8% return on capital employed (ROCE). Additional highlights included: Earnings of $0.24/share, dividends of $0.33/share. Earnings of $40 [Read more]
Gear Energy Ltd. Announces Second Quarter 2017 Operating Results
CALGARY, ALBERTA--(Marketwired - Aug. 9, 2017) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to provide the following second quarter operating update to shareholders. Gear's Interim Financial Statements and related Management's Discussion and Analysis ("MD&A") for the period ended June 30, 2017 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Financial Summary Three months ended Six months ended (Cdn$ [Read more]
Shell Launches Methane Detection Pilot
CALGARY and HOUSTON, Aug. 9, 2017 /CNW/ - Shell has launched a methane detector pilot at one of its shale gas sites near Rocky Mountain House in Alberta, Canada. The pilot test is part of a wider multi-stakeholder initiative called the Methane Detectors Challenge, a partnership between Environmental Defense Fund (EDF), oil and gas companies, US government agencies and technology developers to test next generation methane detection technologies. The initiative aims to enable better early [Read more]