CALGARY, Alberta, Aug. 09, 2023 (GLOBE NEWSWIRE) -- (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to report its second quarter 2023 financial and operational results, as well as an update on the previously announced proposed transaction between Pipestone and Strathcona Resources Ltd. (“Strathcona”) pursuant to which Strathcona has agreed, subject to satisfaction of certain closing conditions, to acquire all the issued and outstanding common shares of Pipestone for [Read more]
battery
ELM Delivers on Challenging Project
Recently, (“ELM”) completed work on an abandonment project that was slated for multiple winter work seasons in less than 3 months. The project, which took place in the Cameron Hills area of the NWT, consisted of approximately 100 assets to be abandoned and decommissioned. These assets are owned by Strategic Oil & Gas Ltd., a company subject to receivership proceedings in the Alberta Court of King’s Bench. Located over 200kms in any direction from the nearest community with full services, the [Read more]
Perpetual Energy Inc. reports second quarter 2023 financial and operating results and confirms 2023 guidance
CALGARY, AB, Aug. 3, 2023 /CNW/ - (TSX: PMT) – Perpetual Energy Inc. ("Perpetual", or the "Company") is pleased to report its second quarter 2023 financial and operating results and reconfirm 2023 guidance. Select financial and operational information is outlined below, and should be read in conjunction with Perpetual's unaudited condensed interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") for the three and six months ended June 30, 2023, [Read more]
Kelt reports financial and operating results for the three and six months ended June 30, 2023
Calgary, Alberta--(Newsfile Corp. - August 3, 2023) - Kelt Exploration Ltd.(TSX: KEL) ("Kelt" or the "Company") reports its financial and operating results to shareholders for the three and six months ended June 30, 2023. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended June 30 Six months ended June 30 (CA$ thousands, except as otherwise [Read more]
Surge Energy Inc. announces financial & operating results for Q2/23
CALGARY, AB, Aug. 2, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce the Company's financial and operating results for the quarter ended June 30, 2023. MESSAGE TO SHAREHOLDERS Crude oil prices softened over the course of the second quarter, with Western Texas Intermediate ("WTI") averaging nearly US$80 per bbl in April 2023, and approximately US$70 per bbl in June 2023. Despite this drop in WTI pricing, Surge realized significant benefits from [Read more]
Vermilion Energy Inc. announces results for the three and six months ended June 30, 2023
CALGARY, AB, Aug. 2, 2023 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) is pleased to report operating and condensed financial results for the three and six months ended June 30, 2023. The unaudited interim financial statements and management discussion and analysis for the three and six months ended June 30, 2023 will be available on the System for Electronic Document Analysis and Retrieval Plus ("SEDAR+") at www.sedarplus.ca, on [Read more]
The potential looming auto industry fiasco
Growing up on a farm, an initial mechanical obsession of mine was tractors (don’t laugh until you’ve tried one - think you feel unassailable in a 4x4 F-150? You have no idea), quickly followed by cars. They are so central to everything, and represent freedom, in a sense. The auto industry has been a passion ever since, my head hopelessly stuffed with useless trivia that only gearheads appreciate. There have been painful episodes along the way, including watching beloved automakers at times make [Read more]
Obsidian Energy announces second quarter 2023 results
Generated funds flow from operations of $87.4 million during the quarter, resulting in free cash flow of $43.0 million Achieved robust production results from 11 new wells drilled on the western side of our Viking play, reaching an average daily peak rate per well of 293 boe/d for the program Enhanced liquidity with a $40.0 million increase to our syndicated credit facility, providing us additional financial flexibility Commenced return of capital to shareholders via the repurchase of [Read more]
Topaz announces second quarter 2023 financial results, declares increased third quarter dividend and closing of tuck-in core area acquisition
CALGARY, AB, July 31, 2023 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce financial results for the second quarter of 2023 as well as a $0.04 per share increase to its annual dividend which is attributed to the sustainable growth of the Company's revenue streams. Select financial information is outlined below and should be read in conjunction with Topaz's interim consolidated financial statements and related management's discussion and analysis [Read more]
Leucrotta Exploration Asset Sale Review – BOE Intel
Leucrotta Exploration was sold to Vermilion Energy in May 2022. Freshly-incorporated Coelacanth Energy was spun out as a new company as part of the arrangement. Leucrotta was a pure-play Montney producer with assets predominantly located in the Mica and Two Rivers properties. The arrangement, for which Vermilion paid a net cash purchase price of $477 million, saw Vermilion acquire the Mica property that had an estimated 2023 production potential of 13,000 BOE/d. Coelacanth, on the other hand, [Read more]
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