Granite Oil Corp. Announces Operational Update, 8% Increase in Monthly Dividend and 2015 Second Quarter Financial Results

CALGARY, ALBERTA--(Aug 13, 2015) - GRANITE OIL CORP. ("Granite" or the "Company") (GXO.TO)(GXOCF) is pleased to release an operational update and its financial and operational results for the three and six months ended June 30, 2015.

• Successfully completed the corporate reorganization of DeeThree Exploration Ltd. into Boulder Energy Ltd. ("Boulder") and Granite Oil Corp. ("Granite") on May 15, 2015. Granite's second quarter financial statements present the combined results for the historical DeeThree properties for the period up to May 15, 2015 and for the remaining Granite property only subsequent to May 15, 2015. This is a significant factor in understanding the year-over-year and quarter-over-quarter financial results of Granite.

  Published: 14 August 2015

  Written by Editor

  TSX   Financial Results   Up on News   Dividends  

  Read more: Granite Oil Corp ( GXO )

Husky Energy Delivers Steady Progress in Second Quarter

CALGARY, AB--(July 28, 2015) - Husky Energy ( HSE ) continues to deliver on its balanced growth strategy in the ongoing volatile commodity price environment. The Company's diverse portfolio, which includes the Liwan Gas Project and the integrated Downstream business, produced steady results in the quarter.

Second quarter results included cash flow from operations of $1.2 billion and average Upstream production of 337,000 barrels of oil equivalent per day (boe/day). After taking into account a one-time provision of $157 million for the Alberta corporate tax increase, net earnings were $120 million.

"We draw strength from our portfolio diversity, with our fixed-price gas sales contracts in the Asia Pacific Region, a suite of bite-sized heavy oil thermal projects in Saskatchewan and our margin-based Downstream business providing added resilience," said CEO Asim Ghosh.

VAALCO Energy Announces Strong Production Results From Southeast Etame Development Well

HOUSTON, July 20, 2015 -- VAALCO Energy, Inc. (EGY) today announced that the Southeast Etame 2-H well, the first development well drilled in the Southeast Etame Field, was brought online at the rate of approximately 3,400 barrels of oil per day (approximately 850 barrels per day net to VAALCO). The well was drilled to a measured depth of approximately 14,012 feet, targeting a new reservoir that was discovered by an exploration well drilled by VAALCO in 2010. It is producing from the Gamba formation which is the source of all other VAALCO production in the Etame Marin permit area but the first production from this new, previously- unproduced field.  The Etame 2-H well is not producing any formation water or hydrogen sulfide (H2S), has a flowing tubing pressure of 1,080 PSI, and is producing at the lowest setting on the ESP (electrical submersible pump). 

Pacific Rubiales Provides Second Quarter 2015 Operational Update

TORONTO, July 15, 2015  - Pacific Rubiales Energy Corp. (TSX:PRE.TO) (BVC:PREC) today provided an operational update for its second quarter 2015 operating results, which includes estimates of production and sales volumes, price realizations, and operating netbacks, summarized as follows: