CALGARY, May 13, 2013 /CNW/ - Calvalley Petroleum Inc., (TSX: CVI.A)HighlightsEarnings in the first quarter of 2013 were $0.08 per share ($6.7 million), no change from the $0.08 per share ($7.1 million) in the first quarter of 2012 on a per share basis.The Company's working interest share of production volumes before royalties and taxes averaged [...]
CALGARY, May 7, 2013 /CNW/ - Calvalley Petroleum Inc. ("Calvalley" or the "Company") is pleased to announce results from the drilling of its Ras Nowmah South exploration prospect.The well was drilled to a total depth of 1,530 meters and intersected the Qishn formation, on prognosis, at 1,369 meters. Based on drilling and petro-physical data, the [...]
Calvalley Petroleum has filed its annual information form. The AIF includes information on the Company's reserves and other oil and gas information. The Company previously filed its audited financial statements and MD&A on March 7, 2013, and information relating to the independent evaluation of the Company's reserves was released on February 19 [...]
Calvalley Petroleum is pleased to announce that the Toronto Stock Exchange has accepted its notice to make a normal course issuer bid to purchase outstanding Class A Common Shares on the open market, in accordance with the rules of the TSX.As per the TSX approval, Calvalley is authorized and intends to purchase up to 4,523,626 Common Shares [...]
Calvalley Petroleum Highlights During 2012 the Company established steady production operations from the Ras Nowmah field and initiated production from the Al Roidhat field that provided additional production and cash flow. These new fields contributed to the Company achieving record annual revenues of $102 million which resulted in annual records [...]
Calvalley Petroleum announces that is has taken up and paid for 15 million of its outstanding Class A common voting shares at a purchase price of $2.45 per Share pursuant to its issuer bid to purchase up to 15 million Shares. The purchased Shares represent approximately 15.9% of the outstanding Shares prior to giving effect to the Offer. After [...]
Calvalley Petroleum announces the preliminary results of its issuer bid to purchase up to 15,000,000 of its outstanding Class A common voting shares at a purchase price of $2.45 per Share. The Offer was open for acceptance until 2:00 pm (MST) on February 27, 2013. Approximately 42.7 million Shares were deposited and not withdrawn under the Offer [...]
The Company's News Release issued earlier today contained a typographical error. The first sentence of the third paragraph, which has been corrected below, should read: "Drilling activity in 2012 included the drilling of two delineation wells at Ras Nowmah and a water injection well at Hiswah."CALGARY, Feb. 19, 2013 /CNW/ - Calvalley Petroleum Inc [...]
Calvalley Petroleum announces the results of its December 31, 2012 reserves evaluation.The reserve evaluation was conducted by McDaniel & Associates Consultants Ltd. who prepared an independent engineering evaluation of the reserves attributable to the Company's 50% working interest in Block 9 in a report dated February 13, 2013 with an effective [...]
Calvalley Petroleum is pleased to announce that in accordance with its previous announcement, it has made an Offer to purchase up to 15,000,000 of its outstanding Class A common voting shares at a purchase price of $2.45 per Share.There are currently 94,329,159 Shares outstanding. Assuming the maximum number of Shares is taken-up and paid for under [...]
Calvalley Petroleum provides the following update to its Shareholders with respect to the status of its strategic review process. On July 12, 2012, the Company formed a Special Committee of the Board of Directors to oversee a process for the review of strategic alternatives available to the Company, with a view to enhancing Shareholder value. The [...]
Calvalley Petroleum provides the following operations update.Average gross production volumes for the fourth quarter of 2012 are estimated to be approximately 5,700 bpd up from 4,700 bpd in the third quarter. Current crude oil production rates are in the 5,600 - 5,800 bpd range with the Hiswah field contributing approximately 2,600 bpd, the Ras [...]