International Petroleum Corp. is pleased to announce the closing of the previously announced acquisition of Granite Oil Corp. The Acquisition includes total proved plus probable reserves of 14.0 million barrels of oil equivalent and 6.2 MMboe of unrisked contingent resources as at December 31, 2019. The Acquisition is comprised of high netback [...]
The EnerCom Dallas schedule is now live and will be updated continuously on the conference site Institutional investors, portfolio managers, financial analysts, CIOs and other capital market professionals who invest in the energy space should register now for the EnerCom Dallas energy investment conference, which is coming to The Tower Club [...]
The EnerCom Dallas schedule is now live and will be updated continuously on the conference site Institutional investors, portfolio managers, financial analysts, CIOs and other capital market professionals who invest in the energy space should register now for the EnerCom Dallas energy investment conference, which is coming to The Tower Club [...]
Granite Oil Corp. is pleased to present the summary results of the independent reserves report prepared by Sproule Associates Limited with an effective date of December 31, 2019. In 2019, Granite invested approximately $6.4 million of capital expenditures into its 100%-owned Bakken oil property, representing approximately 45% of its Corporate funds [...]
Granite Oil Corp. is pleased to announce that it has entered into an arrangement agreement with International Petroleum Corp., pursuant to which IPC will acquire all of the issued and outstanding common shares of Granite for cash consideration of $0.95 per Share. The Transaction is to be completed by way of a plan of arrangement under the Business [...]
EnerCom Conferences are where energy companies, industry leaders and capital providers talk 2020 plans Institutional investors, portfolio managers, financial analysts, CIOs and other capital market professionals who invest in the energy space should register now for the EnerCom Dallas energy investment conference, which is coming to The Tower Club [...]
Granite Oil Corp. is pleased to provide preliminary 2020 plans and announce the fall review of the Company’s borrowing base redetermination of its credit facility has been completed. Granite is planning a capital program in 2020 that continues to prioritize significant debt repayment while growing production and adding producing reserves at [...]
Granite Oil Corp. is pleased to report its operating and unaudited financial results for the three and nine months ended September 30, 2019. FINANCIAL AND OPERATING HIGHLIGHTS Three Months Ended September 30 Nine Months Ended September 30 2019 2018 2019 2018 FINANCIAL Oil and natural gas revenues 9,543 12,724 30,344 37,493 Cash flow from operations [...]
Granite Oil Corp. is pleased to report the preliminary results for the third-quarter and an operational update. During the recently completed third quarter, the Company made significant progress on debt repayment and completed an initial test of a recompletion program which has the potential to have material, positive impacts on go-forward [...]
Granite Oil Corp. is pleased to report its operating and unaudited financial results for the three and six months ended June 30, 2019. Second Quarter Highlights and Operations Update During the first six months of 2019, Granite has reduced its net debt by over 10%, exiting the second quarter with net debt of approximately $42.8 million, down [...]
Granite Oil Corp. is pleased to announce the results from its 2019 annual general and special meeting of shareholders held on May 29, 2019 in Calgary, Alberta . Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated April 24, 2019, a copy of which is available on the Company's [...]
Granite Oil Corp. is pleased to announce that the annual borrowing base redetermination of its credit facility has been completed. The Company has renewed the existing credit facility at the same level of $50 million, consisting of a $45 million revolving demand credit facility and a $5 million revolving demand operating facility. The Company has [...]
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