CALGARY, ALBERTA--(Marketwired - April 26, 2017) - Highlights (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Achieved record normalized EBITDA1 of $228 million in the first quarter of 2017, a 28 percent increase compared to the same quarter of 2016; Increased normalized funds from operations1 by approximately 29 percent to $170 million in the first quarter of 2017; Announced [Read more]
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Surge Energy Inc. Announces $37 Million Core Sparky Area Acquisition; Upward Revision to 2017 Guidance; Increased Dividend
CALGARY, April 19, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces the acquisition (the "Acquisition") of a low decline, high netback, waterflooded, crude oil producing asset in its core Sparky area of Central Alberta. In addition, Surge has acquired two net undeveloped sections in the Company's core operated Eyehill asset (collectively the "Assets"). Surge has identified up to 29 low risk, development drilling locations on the Assets. The purchase price for the [Read more]
Traverse Energy Announces 2016 Year End Results
CALGARY, ALBERTA--(Marketwired - April 11, 2017) - Traverse Energy Ltd. ("Traverse" or "the Company") (TSX VENTURE:TVL) presents financial and operating results for the year ended December 31, 2016. Three Months Ended December 31 (unaudited) Year Ended December 31 Highlights 2016 2015 2016 2015 Financial ($ thousands, except per share amounts) Petroleum and natural gas revenue $ 1,828 $ 3,172 $ 7,220 $ 12,882 Cash provided by [Read more]
Inclusive Energy April Inventory Update
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Altura Energy Inc. Announces Fourth Quarter and Annual 2016 Financial Results and 60 Percent Annual Production per Share Growth
CALGARY, March 23, 2017 /CNW/ - Altura Energy Inc. ("Altura" or the "Corporation") (TSX Venture: ATU) is pleased to announce its financial and operating results for the three months and year ended December 31, 2016. The audited consolidated financial statements, related management's discussion and analysis ("MD&A"), and Annual Information Form for the year ended December 31, 2016 will be available at www.sedar.com and www.alturaenergy.ca. OPERATIONAL AND FINANCIAL [Read more]
RMP Energy Provides Operations Update Highlighting Elmworth Delineation Success, Updates Market Guidance and Reports Year-End Reserves and Fiscal 2016 Financial Results
CALGARY, ALBERTA--(Marketwired - March 21, 2017) - RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to provide an update on its first quarter 2017 field operations and to announce its year-end independent reserves evaluation in addition to its financial results for the fourth quarter and fiscal year ended December 31, 2016. OPERATIONS UPDATE Waskahigan Montney, West Central Alberta At Waskahigan in the first quarter of 2017, RMP successfully drilled and completed a 100% [Read more]
Relentless Resources Ltd. Announces Heathdale Drilling Results
CALGARY, ALBERTA--(Marketwired - March 16, 2017) - Relentless Resources Ltd. ("Relentless" or "the Company") (TSX VENTURE:RRL) announces that it has drilled and completed the 100/6-12-27-10 W4 ("6-12 well") vertical and 102/5-7-27-9W4 ("02/5-7 well") horizontal wells at Heathdale, Alberta. The 02/5-7 horizontal oil well was drilled in eight days to a total measured depth of 2,375m. The well was perforated over 23 intervals and fracture stimulated using a coil tubing straddle packer assembly. [Read more]
Surge Energy Inc. Announces Q4 and Year End 2016 Results; Exceeds 2016 Production Exit Rate Target; Cash Flow Per Share Up 43 Percent; Confirms March 2017 Dividend
CALGARY, March 15, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the year and quarter ended December 31, 2016. 2016 - POSITIONED FOR OUTPERFORMANCE Management has been strategically positioning Surge for success in a lower crude oil price environment for over 30 months. In the extended downturn for world crude oil prices, Surge focused on creating financial liquidity, balance sheet management, rigorous cost cutting [Read more]
Cardinal Energy Ltd. Announces Reserves and Fourth Quarter and 2016 Year-End Results
CALGARY, ALBERTA--(Marketwired - March 13, 2017) - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) is pleased to announce its operating and financial results for the quarter and year ended December 31, 2016 as well as its 2016 year end reserves. FINANCIAL AND OPERATING HIGHLIGHTS ($ 000's except shares, per share and operating amounts) Three months ended December 31 Year ended December 31 2016 2015 % Change 2016 2015 % [Read more]
Athabasca Oil Corporation Announces 2016 Year-end Results and Reserves
CALGARY, ALBERTA--(Marketwired - March 9, 2017) - Athabasca Oil Corporation (TSX:ATH) ("Athabasca" or the "Company") is pleased to provide its 2016 year-end financial and operating results. 2016 was a transformational year for Athabasca which established itself as an intermediate oil weighted producer with a funded five-year growth outlook and exposure to several of the largest resource plays in Western Canada including the Montney, Duvernay and oil sands. 2016 AND RECENT [Read more]
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