Granite Oil Corp.

Granite Oil Corp. is pleased to provide material test results from its well drilled and completed in the second quarter of 2019, preliminary first-quarter results including significant debt repayment, and advancements in operational and Corporate efficiencies. In April, Granite successfully drilled and completed one development well in the Western [...]

Granite Oil Corp. is pleased to release its financial results for the year ended December 31, 2018. Granite has filed its audited financial statements for the year ended December 31, 2018, and related Management Discussion & Analysis with the applicable Canadian securities regulatory authorities. Granite's annual financial materials may be viewed [...]

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, 2018. In 2018, Granite invested approximately $10.2 million of capital expenditures , all organically, into its 100%-owned Bakken oil property. This represents a decrease of [...]

Granite Oil Corp. is pleased to announce that it has closed the second and final tranche of its non-brokered private placement of common shares at a price of $0.52 per Share, for aggregate gross proceeds of approximately $437,171. Together with the first tranche closing that was previously announced by the Company on December 21, 2018, the Corporation has received aggregate gross proceeds of approximately $2 million. The proceeds of the Offering will be used by Granite for general working capital purposes. The completion of the Offering is subject to the Company receiving all necessary regulatory approvals, including final approval of the Offering from the Toronto Stock Exchange. Contact Information For further information, please contact Michael Kabanuk, President &a... [...]

Granite Oil Corp. announces that it has issued a 3 million common shares at a price of $0.52 per Share for aggregate gross proceeds of $1.56 million pursuant to a non-brokered private placement . An additional closing of the Offering may be completed for combined total proceeds of up to $2 million. People interested in participating in the Offering [...]

Granite Oil Corp. provides an update to its dividend policy. From September 2018, the Canadian energy sector has faced unprecedented discounts for its crude products that have had major impacts on the industry, the province and the country. These discounts are a result of crude inventory builds related to American refinery maintenance shutdowns and [...]

Granite Oil Corp. will pay a dividend of $0.01 per common share in cash on December 14, 2018, to shareholders of record on November 30, 2018. This dividend has been designated as an eligible dividend for Canadian income tax purposes. For further information, please contact Michael Kabanuk, President & CEO by telephone at 349-9123, Devon Griffiths [...]

Granite Oil Corp. is pleased to report its operating and unaudited financial results for the three months and nine months ended September 30, 2018. FINANCIAL AND OPERATING HIGHLIGHTS Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 FINANCIAL Oil and natural gas revenues 12,724 12,676 37,493 40,915 Funds from [...]

Granite Oil Corp. provides an update on its dividend policy, the Strategic Alternative Review process and its Credit Facility. Message to Shareholders From inception, Granite has been committed to providing long-term returns to shareholders. This has been reflected in the Company’s competitive dividend strategy, prioritization of capital [...]

Granite Oil Corp. will pay a dividend of 2.3 cents per common share in cash on November 15, 2018, to shareholders of record on October 31, 2018. This dividend has been designated as an eligible dividend for Canadian income tax purposes. For further information, please contact Michael Kabanuk, President & CEO by telephone at 349-9123, Devon [...]