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Oil & Gas Exploration and Production

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Eqt Corp Pursuing Plan To Reduce Cash Costs By Further 10 Pct

Monday, 25 Mar 2019

March 25 (Reuters) - EQT Corp ::EQT CORP - PURSUING PLAN TO REDUCE CASH COSTS BY FURTHER 10% - PRESENTATION.EQT CORP SEES 2019 SALES VOLUMES 1,470 - 1,510 BCFE.EQT CORP SEES 2019 ADJUSTED EBITDA $2.3 TO $2.4 BILLION.EQT CORP SEES 2019 CAPEX $1.85 TO $1.95 BILLION.EQT CORP SEES 2019 TOTAL LIQUIDS SALES VOLUME 13,620 TO 14,020 MBBLS.

Cabot Energy Announces Proposed Subscription And Open Offer

Tuesday, 12 Feb 2019

Feb 12 (Reuters) - Cabot Energy PLC ::PROPOSED SUBSCRIPTION AND OPEN OFFER TO RAISE UP TO £2,852,899 (APPROXIMATELY US$3.7 MILLION).PROPOSED SHARE CAPITAL REORGANISATION INVOLVING A 100:1 SHARE CONSOLIDATION.CONDITIONALLY RAISED £2.MILLION (APPROXIMATELY $2.7 MILLION) PURSUANT TO SUBSCRIPTION AT AN ISSUE PRICE OF 10 PENCE PER NEW ORDINARY SHARE.PROPOSES TO RAISE UP TO A FURTHER £770,000 (APPROXIMATELY US$1 MILLION) BY ISSUE OF UP TO 7,700,000 NEW ORDINARY SHARES.FUNDRAISING WILL ALLOW COMPANY TO FUND PARTIAL SETTLEMENT OF OUTSTANDING BALANCES WITH TRADE CREDITORS IN CANADA AND UK.

MEG Energy Announces Disciplined 2019 Capital Investment Plan, Maintains Optionality To Reach 113,000 bpd In 2020

Tuesday, 22 Jan 2019

Jan 22 (Reuters) - MEG Energy Corp ::MEG ENERGY ANNOUNCES DISCIPLINED 2019 CAPITAL INVESTMENT PLAN, MAINTAINS OPTIONALITY TO REACH 113,000 BPD IN 2020.MEG ENERGY CORP - MAINTAINS OPTIONALITY TO REACH 113,000 BPD IN 2020.MEG ENERGY CORP - A BASE CAPITAL BUDGET OF $200 MILLION FOR 2019 TO BE FULLY FUNDED WITH EXPECTED 2019 ADJUSTED FUNDS FLOW FROM OPERATIONS.MEG ENERGY CORP - EXPECTS 2019 PRODUCTION TO AVERAGE 90,000 TO 92,000 BPD.MEG ENERGY CORP - MEG IS RE-INITIATING STRATEGIC ALTERNATIVES REVIEW FOR ITS HI-Q® PARTIAL UPGRADING TECHNOLOGY.MEG ENERGY CORP -SEES 2019 NON-ENERGY OPERATING COSTS IN RANGE OF $4.75 TO $5.25 PER BARREL.MEG ENERGY CORP - ENGAGED A FINANCIAL ADVISOR TO ASSIST WITH STRATEGIC ALTERNATIVES PROCESS.MEG ENERGY CORP - 2019 NON-ENERGY OPERATING COSTS PER BARREL ARE NEGATIVELY IMPACTED BY EXPECTED 8,000 TO 10,000 BPD PRODUCTION CURTAILMENT.MEG ENERGY CORP - 2019 PRODUCTION OUTLOOK LOWERED DUE TO ALBERTA GOVERNMENT MANDATED PRODUCTION CURTAILMENTS.MEG ENERGY CORP - "IN LIGHT OF CURRENT ENVIRONMENT, WE HAVE PULLED BACK SPENDING ON PHASE 2B BROWNFIELD EXPANSION PROJECT".MEG ENERGY CORP - PLANS TO INVEST $20 MILLION FOR ADVANCEMENT OF EMVAPEX PILOT AND ANTICIPATES PROVIDING AN UPDATE ON RESULTS IN LATE 2019.MEG ENERGY - 2019 OPERATIONAL GUIDANCE ASSUMES ALBERTA GOVERNMENT MANDATED PRODUCTION CURTAILMENT REMAINS IN PLACE FOR 2019, BUT EASES OVER COURSE OF YEAR.MEG ENERGY CORP - BOARD IS EVALUATING ITS COMPOSITION AND HAS INITIATED A BOARD RENEWAL PROCESS.

Jericho Oil Announces Restructuring Of Hedging Program

Tuesday, 18 Dec 2018

Dec 17 (Reuters) - Jericho Oil Corp ::JERICHO OIL ANNOUNCES REAFFIRMATION OF BORROWING BASE AND RESTRUCTURING OF HEDGING PROGRAM.JERICHO OIL CORP - HAS REAFFIRMED ITS BORROWING BASE AT $7.5 MILLION FOLLOWING COMPANY'S REGULARLY SCHEDULED SEMI-ANNUAL REDETERMINATION PROCESS.

Dome Energy Has Realized Hedge Profits Of About $1mm In November 2018

Friday, 16 Nov 2018

Nov 16 (Reuters) - Dome Energy AB (publ) ::DOME ENERGY ANNOUNCES THAT IT HAS REALIZED HEDGE PROFITS OF ~$1MM IN NOVEMBER 2018.DURING OCTOBER SOLD CONTRACTS FOR 76,000 BARRELS OF OIL AT ABOUT $71 PER BARREL, WITH DELIVERY THROUGH 2019.PROFIT WILL AFFECT OUR Q4 NUMBERS.SAYS RECENT UNFORESEEN DROP IN OIL PRICES GIVEN OPPORTUNITY FOR SHORT TERM PROFITS, AND DECIDED TO SELL THESE HEDGES NOW.

Mirach Energy Updates on Proposed Diversification to Expand Core Businesses

Monday, 9 Apr 2018

April 9 (Reuters) - Mirach Energy Ltd ::INTENDS TO DIVERSIFY AND EXPAND CORE BUSINESS TO INCLUDE PROPERTY RELATED BUSINESS AND AGRICULTURAL CROPS RELATED BUSINESS.LIKELY TO INITIALLY FOCUS ON SINGAPORE, MALAYSIA, PEOPLE'S REPUBLIC OF CHINA, SOUTHEAST ASIA FOR INITIAL INVESTMENTS IN NEW BUSINESSES.

Birchcliff Energy And Altagas Announce New Long-Term Processing Arrangement

Wednesday, 4 Apr 2018

April 3 (Reuters) - Birchcliff Energy Ltd ::BIRCHCLIFF ENERGY LTD. AND ALTAGAS LTD. ANNOUNCE NEW LONG-TERM PROCESSING ARRANGEMENT AT ALTAGAS’ DEEP CUT PROCESSING FACILITY IN GORDONDALE.IS UPDATING ITS GUIDANCE RANGE FOR ITS 2018 ANNUAL AVERAGE OPERATING EXPENSE TO $3.40/BOE TO $3.60/BOE.‍TERM OF PROCESSING ARRANGEMENT IS FOR AT LEAST 15 YEARS, SUBJECT TO EXTENSION IN ACCORDANCE WITH TERMS OF AGREEMENT​.NEW PROCESSING ARRANGEMENT WILL BE EFFECTIVE FROM JAN 1 AND WILL REPLACE CO AND ALTAGAS' EXISTING GORDONDALE PROCESSING ARRANGEMENT.BIRCHCLIFF, ALTAGAS AND CERTAIN AFFILIATES OF ALTAGAS HAVE ALSO ENTERED INTO A PRODUCT PURCHASE AND SALE AGREEMENT.PURSUANT TO THE PRODUCT PURCHASE AND SALE AGREEMENT, BIRCHCLIFF WILL SELL PROPANE TO ALTAGAS PARTIES.

La Francaise De L'Energie H1 EBITDA Loss Narrows To 1.0 Million Euros

Tuesday, 3 Apr 2018

April 3 (Reuters) - LA FRANCAISE DE L ENERGIE SA ::ANNOUNCED ON SATURDAY, H1 NET LOSS GROUP SHARE EUR 1.6 ‍​ MLN VS LOSS OF EUR 1.8 MLN YEAR AGO.H1 EBITDA LOSS 1.0 EUR ‍​ MLN VS LOSS OF EUR 1.1 MLN YEAR AGO.TO INCREASE PRODUCTIVITY OF GAZONOR GAZ PRODUCTION BUSINESS IN 2018.EXPECT TO INSTALL 2 COGENERATION SITES BY END OF 2018.

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