Canadian Oil Stocks

Oil Stocks and Oil Companies in Canada


Valeura Announces Fourth Quarter 2018 Financial and Operating Results, Year-End 2018 Reserves

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CALGARY, March 14, 2019 /CNW/ – Valeura Energy Inc. (TSX:VLE) (“Valeura” or the “Company“), the upstream natural gas producer focused on appraising and developing an unconventional gas accumulation in the Thrace Basin of Turkey, is pleased to report its financial and operating results for the three month period ended December 31, 2018 and the year ended December 31, 2018, and year-end 2018 reserves and prospective resources. 

The complete quarterly reporting package for the Company, including the audited financial statements and associated management’s discussion and analysis (“MD&A“) and the 2018 annual information form (“AIF“), have been filed on … Continue Reading

Touchstone Announces Operational Update

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CALGARY, March 14, 2019 /CNW/ – Touchstone Exploration Inc. (“Touchstone” or the “Company”) (TSX / LSE: TXP) announces an operational update.

Highlights

  • Achieved January and February 2019 crude oil sales of 1,994 and 2,179 barrels per day (“bbls/d”), respectively.
  • Realized average prices of US$52.00 per barrel and US$56.84 per barrel for January and February crude oil volumes, respectively.
  • Current field estimated production is approximately 2,358 bbls/d (based on the previous seven-day average).
  • Production from the 11 wells drilled in 2018 are currently contributing an average of 993 bbls/d to current field estimated production.
  • Received Certificates of Environmental Compliance (“CEC”)
    • … Continue Reading

    Africa Energy Announces 3D Seismic Program Offshore South Africa

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    VANCOUVER, March 14, 2019 /CNW/ – Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”), an oil and gas company with exploration assets offshore South Africa and Namibia, is pleased to announce the start of a new 3D marine seismic acquisition program over the Paddavissie Fairway on Block 11B/12B offshore South Africa. View PDF version.

    Jan Maier, Africa Energy’s VP Exploration, commented, “We are pleased to announce the initiation of a 3D seismic program with Polarcus to better define prospects within Block 11B/12B offshore South Africa… Continue Reading

    Frontera Announces Dividend

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    TORONTO, March 13, 2019 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announces that its board of directors has declared a dividend of C$0.165 per common share, which will be paid in cash on or about April 16, 2019 to shareholders of record at the close of business on April 2, 2019.

    The dividend is designated as an eligible dividend under the Income Tax Act (Canada).

    The dividend is eligible for the Company’s Dividend Reinvestment Plan (the “Plan“) to provide shareholders of Frontera who are resident in Canada (“Eligible Shareholders“) with the option … Continue Reading

    Oryx Petroleum 2018 Financial and Operational Results

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    97% increase in Production and 160% increase in Revenues; 2019 capital program underway  

    CALGARY, March 13, 2019 /CNW/ – Oryx Petroleum Corporation Limited (“Oryx Petroleum” or the “Corporation”) today announces its financial and operational results for the year ended December 31, 2018. All dollar amounts set forth in this news release are in United States dollars, except where otherwise indicated.

    2018 Financial Highlights:

  • Total revenues of $97.6 million on working interest sales of 1,542,300 barrels of oil (“bbl”) and an average realised sales price of $57.00/bbl for 2018
  • 160% annual increase in revenues versus 2017
  • Q4 2018
    • … Continue Reading

    Acceleware Announces New Technology for Crude-by-Rail and Update on RF XL Commercialization Advancements

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    CALGARY, March 13, 2019 /CNW/ – Acceleware Ltd. (TSX-V: AXE) (“Acceleware” or the “Company”), a leading developer of radio frequency (RF) heating technology to facilitate cost-effective and environmentally-friendly extraction of heavy oil and bitumen, is pleased to announce the filing of a patent application on the use of RF XL in shipping bitumen by rail, and an update on the commercialization of its RF XL enhanced oil recovery method. The update includes new information on: (i) the design and production of a prototype silicon carbide (“SiC”) RF generator with partner GE Global Research (“GE”); (ii) incremental intellectual property development … Continue Reading

    Frontera Acquires Rights of CGX Energy

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    TORONTO, March 13, 2019 /CNW/ – Frontera Energy Corporation (TSX: FEC) (“Frontera” or the “Company“) announced that, on March 12, 2019, it acquired 12,181,000 rights (“Rights“) to acquire common shares (“Common Shares“) of CGX Energy Inc. (“CGX“) (TSXV: OYL). The aggregate purchase price for the Rights was C$60,905 (or C$0.005 per Right). Frontera acquired the Rights through the TSX Venture Exchange in connection with the rights offering (the “Rights Offering“) previously announced by CGX in a news release on February 1, 2019 (the “February 1 News Release“).

    Prior to the acquisition of the 12,181,000 Rights, Frontera owned … Continue Reading

    Frontera Awarded Two Exploration Blocks in Ecuador’s Intracampos Bid Round

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    New Country Entry Marks Continued Progress with Upstream Growth Strategy

    Successful Bids Further Consolidate Frontera’s Strength in North Andean Region of South America

    TORONTO, March 13, 2019 /CNW/ – Frontera Energy Corporation (TSX:FEC) (“Frontera” or the ” Company“) and GeoPark Limited (NYSE:GPRK) (“GeoPark“), as part of a consortium (Frontera 50%, GeoPark 50%), are pleased to announce that they have been awarded production sharing contracts on two blocks in Ecuador’s Intracampos Bid Round (the “Bid Round“) offered by the Ministerio de Energia y Recursos Naturales No  Renovable, who will confirm the preliminary results by mid April 2019.

    The Perico … Continue Reading

    Surge Energy Inc. Announces 2018 Fourth Quarter and Year-End Financial and Operating Results; 2018 Year-End Reserves; Record Production and Reserves Achieved

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    CALGARY, March 12, 2019 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce its operating and financial results for the quarter ended December 31, 2018, and its year-end 2018 reserves, as evaluated by Sproule.

    Surge’s financial and operating results for the fourth quarter of 2018 include only a partial quarter of the previously announced Mount Bastion Oil & Gas Ltd. (“MBOG”) light oil acquisition, which closed during the fourth quarter of 2018.

    MESSAGE TO THE SHAREHOLDERS

    Overall, 2018 was a transformative year for the Company. Surge’s Q4 2018 production of 21,047 boepd … Continue Reading

    Horizon North Logistics Inc. Announces Agreement for Strategic Acquisition of NRB Inc. (Canada)

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    CALGARY, March 12, 2019 /CNW/ – Horizon North Logistics Inc. (“Horizon North” or the “Corporation”) (TSX: HNL.TO) announced today that the Corporation has entered into a binding purchase and sale agreement (the “Binding Purchase Agreement”) with respect to the acquisition of NRB Inc. (Canada) (“NRB Canada”), a full-service modular construction provider based in Grimsby, Ontario.

    Pursuant to the Binding Purchase Agreement, Horizon North has agreed to purchase (the “Purchase”) all of the outstanding shares of NRB Canada for $16.5 million, payable in a mix of common shares of Horizon North (“Horizon Shares”) and cash. The … Continue Reading

    Horizon North Logistics Inc. Announces Results for the Quarter Ended December 31, 2018

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    TSX Symbol: HNL

    CALGARY, March 12, 2018 /CNW/ – Horizon North Logistics Inc. (“Horizon North” or the “Corporation”) reported its financial and operating results for the three and twelve months ended December 31, 2018 and 2017.

    Fourth Quarter Highlights

  • Q4 2018 financial results were the strongest since Q1 2017 driven primarily by improved Modular Solutions performance;
  • The Modular Solutions business improved significantly in 2018 achieving positive EBITDAS and increasing by $25.1 million compared to 2017. Backlog exiting the year was $88.8 million compared to $43.9 million in 2017 with the funnel of high-quality, high probability opportunities also increasing, closing
    • … Continue Reading

    Keyera Announces March 2019 Dividend

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    CALGARY, March 12, 2019 /CNW/ – Keyera Corp. (TSX:KEY) (“Keyera”) announced today a cash dividend for March 2019 of 15.00 cents per common share. The dividend will be payable on April 15, 2019, to shareholders of record on March 22, 2019. The ex-dividend date is March 21, 2019. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). For non-resident shareholders, Keyera’s dividends are subject to Canadian withholding tax.

    About Keyera Corp.

    Keyera Corp. (TSX:KEY) operates an integrated Canadian-based midstream business with extensive interconnected assets and depth of expertise … Continue Reading