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Awilco Drilling PLC: Awilco Drilling Reports Q3 2018 Results

13 November 2018 - 1:01am

Awilco Drilling PLC reported contract revenue of USD 3.2 million (USD 9.0 million in Q2), EBITDA USD 6.5 million loss (USD 1.9 million loss in Q2) and net loss of USD 10.2 million (USD 7.6 million loss in Q2).

Revenue efficiency was 90.9% during the quarter (98.5% in Q2).

Contract utilisation was 12.8% during the quarter (13.9% in Q2).

Contract backlog at the end of Q3 was approximately USD 41.4 million (approximately USD 44.2 million end of Q2).

Please see attached for the Q3 2018 report.

A quarterly presentation will be held on 13 November 2018 at 10:30 CET in Awilhelmsen's offices at Beddingen 8, Aker Brygge, Oslo, Norway.

A conference call will be held on 13 November 2018 at 13:00 UK time (14:00pm CET / 08:00 EST). The presentation will be available for download on the Investor Relations section (go to "Press Releases") at www.awilcodrilling.com prior to the call. There will be a Q&A session after the presentation.

Click this link to register for the conference call or copy and paste the following address into your browser:
http://members.meetingzone.com/selfregistration/registration.aspx?booking=SoiMri6aq8efalSHIqQpxqPv0VUtaTkvsNydCoCO8YU=
Once registered, you will receive an email with dial-in numbers and pins.

Aberdeen, 13 November 2018


For further information please contact:

Jon Oliver Bryce, CEO
Phone: +44 1224 737900

Cathrine Haavind, IR Manager
Phone: +47 93 42 84 64
Email: ch@awilcodrilling.com


This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
 

Attachment

Categories: State

Delek Logistics Partners, LP to Participate in the RBC Capital Markets’ Midstream Conference

12 November 2018 - 7:15pm

BRENTWOOD, Tenn., Nov. 12, 2018 (GLOBE NEWSWIRE) -- Delek Logistics Partners, LP (NYSE: DKL) today announced that members of management will participate in the RBC Capital Markets’ Midstream Conference in Dallas, Texas on Tuesday, November 13, 2018.

A copy of Delek Logistics’ latest investor presentation will be provided at the conference.  An electronic copy of this presentation is currently available in the “Investors” section of the Delek Logistics website at www.deleklogistics.com.

About Delek Logistics Partners, LP
Delek Logistics Partners, LP, headquartered in Brentwood, Tennessee, was formed by Delek US Holdings, Inc. (NYSE: DK) to own, operate, acquire and construct crude oil and refined products logistics and marketing assets.

Investor Relations Contact:
Keith Johnson
Vice President of Investor Relations
615-435-1366

Media/Public Affairs Contact:
Michael P. Ralsky
Vice President - Government Affairs, Public Affairs & Communications
615-435-1407

Categories: State

InPlay Oil Corp. Announces Record Third Quarter 2018 Financial and Operating Results

12 November 2018 - 7:12pm

CALGARY, Alberta, Nov. 12, 2018 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces its financial and operating results for the three and nine months ended September 30, 2018.  InPlay’s condensed unaudited interim financial statements and notes, as well as management’s discussion and analysis (“MD&A”) for the three and nine months ended September 30, 2018 will be available on the System for Electronic Document Analysis and Retrieval (“SEDAR”) and our website (“www.inplayoil.com”).

We are pleased to present InPlay’s financial and operating results for the three and nine months ended September 30, 2018 with results in excess of forecast and record quarterly production, revenue and cashflow.

Q3 2018 Financial & Operating Highlights

  • Successfully closed the non-core asset disposition on October 1, 2018 (announced September 13, 2018) disposing approximately 250 boe/d (72% oil and liquids) for cash consideration of $16.7 million prior to adjustments.  This rationalization of assets at premium valuation metrics allows us to redeploy the proceeds towards our high rate of return Willesden Green Cardium drilling inventory.
     
  • Achieved record quarterly production of 4,773 boe/d, a 17% increase compared to the third quarter of 2017, resulting in average production of 4,529 boe/d for the first nine months of 2018, a 16% increase compared to the first nine months of 2017.  Total oil and liquids weighting also increased to 70% entirely attributable to light oil growth over the same respective periods.
     
  • Light oil production averaged 2,695 bbl/day for the nine months ended September 30, 2018, a 20% increase compared to the first nine months of 2017 and light oil and liquids production averaged 3,160 bbl/day for the nine months ended September 30, 2018, a 22% increase over the same respective period of 2017 reflecting the focused development of our light oil weighted Cardium assets.
     
  • Generated revenues of $22.8 million, an increase of 57% from the third quarter of 2017 (96% derived from light oil and liquids).  Light oil revenues in the third quarter increased 64% over the third quarter of 2017 to $19.7 million.
     
  • Operating costs per boe of $15.62 decreased 11% compared to the third quarter of 2017 and 10% compared to the second quarter of 2018.
     
  • Operating income of $13.0 million, represents a 110% increase over the third quarter of 2017 with a corresponding 80% increase in operating netback to $29.51 per boe over the same respective period.
     
  • Generated adjusted funds flow from operations of $10.0 million or $0.15 per basic share which includes $0.8 million in realized losses on commodity derivative contracts, representing a 115% increase over the third quarter of 2017 and a 36% increase over the second quarter of 2018. 
     
  • Net Debt/Annualized Adjusted funds flow from operations improved to 1.6 times from 2.3 times for the third quarter of 2017 and 2.0 times for the second quarter of 2018.

Financial and Operating Results

(CDN) ($000’s) (except per share figures) Three months ended
September 30
 Nine months ended
September 30
  2018 2017 2018 2017 Financial (CDN$)    Oil and natural gas sales22,801 14,489 63,703 44,222 Adjusted funds flow from operations(1)10,006 4,662 25,320 16,930 Per share – basic and diluted0.15 0.08 0.37 0.27 Per boe22.79 12.40 20.48 15.90 Net (Loss)(1,775)(2,228)(710)(761)Per share – basic and diluted(0.03)(0.04)(0.01)(0.01)Exploration and Development Capital expenditures17,376 8,292 43,252 22,231 Net Property Acquisitions (Dispositions)(26)- (4,164)1,220 (Net Debt)(1)(66,005)(41,950)(66,005)(41,950)Shares outstanding67,886,619 62,053,569 67,886,619 62,053,569 Basic weighted-average shares67,886,619 62,084,852 67,886,619 62,288,164 Diluted weighted-average shares67,886,619 62,084,852 67,886,619 62,288,164      Operational    Daily production volumes    Crude oil (bbls/d)2,775 2,403 2,695 2,245 Natural gas liquids (bbls/d)541 381 465 346 Natural gas (Mcf/d)8,738 7,820 8,218 7,854 Total (boe/d)4,773 4,087 4,529 3,900 Realized prices    Crude Oil & NGLs ($/bbls)71.48 51.31 70.00 54.86 Natural gas ($/Mcf)1.23 1.87 1.48 2.52 Total ($/boe)51.93 38.53 51.52 41.53 Operating netbacks ($ per boe)(1)    Oil and Gas sales51.93 38.53 51.52 41.53 Royalties(6.03)(4.01)(5.57)(4.23)Transportation expense(0.77)(0.55)(0.77)(0.66)Operating costs(15.62)(17.60)(16.30)(16.36)Operating Netback (prior to realized derivative contracts)29.51 16.37 28.88 20.28 Realized gain (loss) on derivative contracts(1.75)1.10 (3.08)0.90 Operating Netback (including realized derivative contracts)27.76 17.47 25.80 21.18 


(1) “Adjusted funds flow from operations”, “Net Debt”, “Operating netback per boe” and “Operating netback” do not have a standardized meaning under international financial reporting standards (“IFRS”) and GAAP and therefore may not be comparable with the calculations of similar measures for other companies.  “Adjusted funds flow from operations” adjusts for decommissioning obligation expenditures and net change in operating non-cash working capital from net cash flow provided by operating activities.  Please refer to Non-GAAP Financial Measures and Oil and Gas Metrics and BOE equivalent at the end of this news release and the Company’s MD&A.    

Third Quarter 2018 Capital & Operational Program

InPlay’s capital program over the third quarter of 2018 saw a continued focus on our Willesden Green bioturbated Cardium assets where we have delivered exceptional results with wells consistently exceeding internal type curves and delivering some of the best Cardium production results in the area.  Our continuous drilling program is delivering peer leading capital efficiencies as we have achieved some of the shortest spud to rig release drilling days for extended reach horizontal (“ERH”) wells seen to date.  Our most recent six 1.5 mile ERH wells have averaged 9.7 drilling days with the last two wells averaging nine drilling days which to date are pacesetters in the area.  Of equal importance is the consistency in our drilling performance where the maximum deviation from average drilling time of the six 1.5 mile ERH wells has been +/- 0.7 days.   The 1.5 mile extended reach horizontal Cardium wells have allowed us to access approximately 60% more reservoir while incurring approximately only 20% more in additional capital expenditures compared to a one mile horizontal well.

InPlay’s capital program of $17.4 million for the third quarter of 2018 continued to focus on the development of the Willesden Green bioturbated Cardium where we completed two (2.0 net) ERH wells that were drilled in the second quarter and we drilled an additional five (3.3 net) ERH wells of which three (1.3 net) were completed in the third quarter and two (2.0 net) were completed early in the fourth quarter. Over the first nine months of 2018, InPlay has drilled an equivalent of 18.5 gross horizontal miles (13.3 net horizontal miles) in Willesden Green. The two recent ERH wells completed and brought on production early October have been flowing to date at an average choked rate of 520 boe/d (87% light oil and liquids) per well  and have continued to clean up with current average production per well of 652 boe/d (82% light oil and liquids).  We expect the production from these wells to remain fairly stable flowing at choked rates for 2-3 months.

Outlook

Results to date from our drilling program continue to exceed our internally forecasted type curves and, even with the non-core asset disposition on October 1, 2018 of approximately 250 boe/day, we remain on track to exceed our recently increased production guidance delivering top tier production growth amongst light oil peers.

Forward West Texas Intermediate (“WTI”) pricing for the remainder of the year is in the $60 - $65 per bbl range.  Light Sweet Edmonton pricing, however, started to experience weakness beginning in September with higher differentials than normal to WTI.  These increased differentials occurred as a result of extended refinery turnarounds in the Midwest USA, increased oil supplies and transportation infrastructure restrictions.  We expect these higher differentials to persist throughout the fourth quarter of 2018.  Although this negative pricing environment could continue into 2019 we do see this as a temporary situation which is anticipated to return to more normalized levels in the New Year.

The Willesden Green area is where InPlay will deploy the majority of the remaining budgeted development capital in the fourth quarter of 2018 on the completions of the two (2.0 net) wells that were drilled at the end of the third quarter and on drilling an additional three (2.2 net) ERH wells.  InPlay has elected to defer the completion of two (2.0 net) ERH wells, originally scheduled to be on production in mid-November, until the first quarter of 2019 when improved light oil differentials are anticipated.  Despite the delay of production from these two (2.0 net) deferred wells, we still expect to exceed our average annual production guidance of 4,600 boe/day (71% oil and liquids). Field production estimates are currently over 5,350 boe/d (72% oil and liquids) exceeding our year end exit forecast of 5,100 to 5,200 boe/day (72% oil and liquids) as our recent new drills are significantly exceeding forecasted production.  To further assist in managing the current higher light oil differentials we plan to manage light oil inventory levels at our facilities over the next few months in order to sell this oil in what we believe should be an improved differential pricing environment in 2019.

We also plan to drill one vertical stratigraphic well on our northern East Basin Duvernay lands to continue the surrounding Crown lands for an additional five years and satisfy the Company’s remaining flow-through share obligations. Our plans are still to develop our Huxley Duvernay lands at a measured pace as we continue to closely monitor the significant amount of offsetting competitor activity that is in proximity to InPlay’s lands.

Our Willesden Green Cardium and East Basin Duvernay assets have InPlay established in one of the most economic horizontal development light oil plays as well as one of the most exciting emerging light oil plays in the Western Canadian Sedimentary Basin. The Company is positioned to be one of the highest growth junior light oil focused companies which currently has 70% of production and 96% of total revenues derived from oil and liquids.  We are excited about InPlay’s near-term growth and development potential given these high quality assets in the Cardium and East Basin Duvernay plays. Plans are to continue to deploy capital towards our high rate of return assets and given our financial flexibility, we expect to be able to deliver sustainable light oil production per-share growth for our shareholders.

We thank our employees and directors for their ongoing commitment and dedication and we thank all of our shareholders for their continued interest and support.  We are excited about the strong operational results we have achieved to date and we look forward to reporting upcoming results from our ongoing development program.

For further information please contact:

Doug Bartole
President and Chief Executive Officer
InPlay Oil Corp.
Telephone: (587) 955-0632 Darren Dittmer
Chief Financial Officer
InPlay Oil Corp.
Telephone: (587) 955-0634
   

Reader Advisories

Non-GAAP Financial Measures and Oil and Gas Metrics
InPlay uses certain terms within this news release that do not have a standardized prescribed meaning under IFRS and GAAP and therefore these measurements may not be comparable with the calculation of similar measurements of other entities.  The terms “Adjusted funds flow from operations”, “Adjusted funds flow from operations per share”, “Adjusted funds flow from operations per boe”, “operating netbacks” , “and operating netback per boe”, “operating income”, “net debt” and “working capital (deficit)” used in this news release are not recognized measures under GAAP. Management believes that in addition to net earnings (loss) and cash flow provided by operating activities as defined by GAAP, these terms are useful supplemental measures to evaluate operating performance as it demonstrates the Company’s field level of profitability relative to current commodity prices and to assess leverage. “Adjusted funds flow from operations” should not be considered as an alternative to or more meaningful than cashflow provided by operating activities as determined in accordance with GAAP as an indicator of the Company’s performance.  InPlay’s determination of adjusted funds flow from operations may not be comparable to that reported by other companies. Adjusted funds flow from operations is calculated by adjusting for changes in operating non-cash working capital and decommissioning expenditures from cash flow provided by operating activities.  These items are adjusted from cash flow provided by operating activities as these expenditures are primarily incurred on previous operating assets and there is uncertainty with the timing and payment of these items and they are incurred on a discretionary basis making them less useful in the evaluation of InPlay’s operating performance.  Adjusted funds flow from operations per share is calculated using the same weighted average number of shares outstanding used in calculating earnings per share.  Users are cautioned, however, that these measures should not be construed as an alternative to net earnings or cash flow provided by operating activities determined in accordance with GAAP as an indication of InPlay’s performance.  For a detailed description of InPlay’s method of the calculation of adjusted funds flow from operations and its reconciliation to GAAP terms, see “Non-GAAP Measures” in the Company’s MD&A filed on Sedar.  The term “net debt” is not recognized under GAAP and is calculated as bank debt plus working capital deficit.  Working Capital (deficit) is calculated as current assets less current liabilities adjusted for risk management derivative contract fair values, deferred lease credits, flow-through share premiums and current portion of decommissioning obligation.  Net debt is used by management to analyze the financial position and leverage of InPlay. InPlay monitors working capital and net debt as part of its capital structure.  Such terms do not have a standardized meaning prescribed by GAAP and, therefore, may not be comparable with the calculation of similar measures for other entities. InPlay also uses “operating netback” and “operating netback per boe” as a key performance indicator. Operating netback per boe is utilized by InPlay to evaluate the operating performance of its petroleum and natural gas assets, and is determined by deducting royalties and operating and transportation expenses from petroleum and natural gas revenue (all on a per boe basis).  Operating Income provides the total income provided by operating activities over the period and is determined by deducting royalties and operating and transportation expenses from petroleum and natural gas revenue

Management uses oil and gas metrics for its own internal planning and performance measurements and to provide shareholders with measures to compare InPlay's operations over time.  Readers are cautioned that the information provided by these metrics, or that can be derived from the metrics presented in this press release, should not be relied upon for investment or other purposes. Test results and initial or short term production rates disclosed in this news release may not necessarily be indicative of long term performance of wells or ultimate recoveries.

Forward-Looking Information and Statements
This news release contains certain forward–looking information and statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" “forecast” and similar expressions are intended to identify forward-looking information or statements. In particular, but without limiting the foregoing, this news release contains forward-looking information and statements pertaining to the following: the volume and product mix of InPlay's oil and gas production; production estimates including third quarter 2018, 2018 average and exit forecasts, targeted production growth; future oil and natural gas prices and InPlay's commodity risk management programs;  future liquidity and financial capacity; future results from operations and operating metrics including forecasts of operating netbacks, adjusted funds flow, cash flow and net debt ratios; future costs, expenses and royalty rates; future interest costs; the exchange rate between the $US and $Cdn; future development, exploration, acquisition, development and infrastructure activities and related capital expenditures, including our 2018 capital budget and the timing thereof; the number of wells to be drilled, completed and tied-in and the timing thereof; the amount and timing of capital projects; the potential for improved differential pricing in 2019; the resource potential of our Duvernay play; and methods of funding our capital program. Forward-looking statements or information are based on a number of material factors, expectations or assumptions of InPlay which have been used to develop such statements and information but which may prove to be incorrect. Although InPlay believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because InPlay can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: the impact of increasing competition; the general stability of the economic and political environment in which InPlay operates; the timely receipt of any required regulatory approvals; the ability of InPlay to obtain qualified staff, equipment and services in a timely and cost efficient manner; drilling results; the ability of the operator of the projects in which InPlay has an interest in to operate the field in a safe, efficient and effective manner; the ability of InPlay to obtain financing on acceptable terms; field production rates and decline rates; the ability to replace and expand oil and natural gas reserves through acquisition, development and exploration; the timing and cost of pipeline, storage and facility construction and the ability of InPlay to secure adequate product transportation; future commodity prices; currency, exchange and interest rates; regulatory framework regarding royalties, taxes and environmental matters in the jurisdictions in which InPlay operates; the ability of InPlay to successfully market its oil and natural gas products.   

The forward-looking information and statements included herein are not guarantees of future performance and should not be unduly relied upon. Such information and statements, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors that may cause actual results or events to defer materially from those anticipated in such forward-looking information or statements including, without limitation: changes in commodity prices and differentials; the potential for variation in the quality of the reservoirs in which we operate; changes in the demand for or supply of our products; unanticipated operating results or production declines; changes in tax or environmental laws, royalty rates or other regulatory matters; changes in development plans of InPlay or by third party operators of our properties, increased debt levels or debt service requirements; inaccurate estimation of our oil and gas reserve and resource volumes; limited, unfavorable or a lack of access to capital markets; increased costs; a lack of adequate insurance coverage; the impact of competitors; and certain other risks detailed from time-to-time in InPlay's  disclosure documents. The forward-looking information and statements contained in this news release speak only as of the date hereof and InPlay does not assume any obligation to publicly update or revise any of the included forward-looking statements or information, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

BOE equivalent
Barrel of oil equivalents or BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different than the energy equivalency of 6:1, utilizing a 6:1 conversion basis may be misleading as an indication of value. 

Categories: State

Targa Resources Corp. to Participate in RBC Capital Markets Midstream Conference

12 November 2018 - 6:48pm

HOUSTON, Nov. 12, 2018 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at the RBC Capital Markets Midstream Conference on Wednesday, November 14, 2018 in Dallas, Texas.

A copy of the slides used for the conference meetings will be available in the Investors section of the Company's website at www.targaresources.com, or by going to http://ir.targaresources.com/trc/events.cfm.

About Targa Resources Corp.

Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream energy companies in North America. Targa owns, operates, acquires, and develops a diversified portfolio of complementary midstream energy assets. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, and selling NGLs and NGL products, including services to LPG exporters; gathering, storing, terminaling, and selling crude oil; storing, terminaling, and selling refined petroleum products.

For more information, please visit the Company’s website at www.targaresources.com.

Forward-Looking Statements

Certain statements in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future, are forward-looking statements. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside the Company’s control, which could cause results to differ materially from those expected by management of the Company. Such risks and uncertainties include, but are not limited to, weather, political, economic and market conditions, including a decline in the price and market demand for natural gas, natural gas liquids and crude oil, the timing and success of business development efforts; and other uncertainties. These and other applicable uncertainties, factors and risks are described more fully in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2017, and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company does not undertake an obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Contact the Company's investor relations department by email at InvestorRelations@targaresources.com or by phone at (713) 584-1133.

Sanjay Lad
Director - Investor Relations

Jennifer Kneale
Chief Financial Officer

 

Categories: State

Denbury Resources to Present at Bank of America Merrill Lynch 2018 Global Energy Conference

12 November 2018 - 6:30pm

PLANO, Texas, Nov. 12, 2018 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced that Chris Kendall, President and Chief Executive Officer, will present at the Bank of America Merrill Lynch 2018 Global Energy Conference on Thursday, November 15, 2018, at 9:45 a.m. Eastern Time.  An updated corporate presentation for the conference and a link to the live webcast of the presentation will be available in the investor relations section of the Company’s website at www.denbury.com.

Denbury is an independent oil and natural gas company with operations focused in two key operating areas: the Gulf Coast and Rocky Mountain regions.  The Company’s goal is to increase the value of its properties through a combination of exploitation, drilling and proven engineering extraction practices, with the most significant emphasis relating to CO2 enhanced oil recovery operations.  For more information about Denbury, please visit www.denbury.com.

CONTACT: DENBURY CONTACTS: Mark C. Allen, Executive Vice President and Chief Financial Officer, 972.673.2000 John Mayer, Director of Investor Relations, 972.673.2383
Categories: State

TransAtlantic Petroleum Announces Release Date of Third Quarter 2018 Results

12 November 2018 - 5:01pm

HAMILTON, Bermuda, Nov. 12, 2018 (GLOBE NEWSWIRE) -- TransAtlantic Petroleum Ltd. (TSX: TNP) (NYSE American: TAT) (the “Company” or “TransAtlantic”) today announced that it expects to issue its earnings release and file its Quarterly Report on Form 10-Q for the third quarter of 2018 after the market closes on Wednesday, November 14, 2018.

Third Quarter 2018 Conference Call

The Company will host a live webcast and conference call on Thursday, November 15, 2018 at 7:30 a.m. Central time (8:30 a.m. Eastern time) to discuss third quarter 2018 financial results and provide an operations update. Investors who would like to participate in the conference call should call (877) 878-2762 or (678) 809-1005 approximately 10 minutes prior to the scheduled start time and ask for the TransAtlantic conference call. The conference ID is 3068338.

A live webcast of the conference call and replay will be available through the Company’s website at www.transatlanticpetroleum.com. To access the webcast and replay, click on “Investors,” select “Events and Presentations,” and click on “Listen to webcast” under the event list. The webcast requires IOS, Microsoft Windows Media Player, or RealOne Player.

A telephonic replay of the call will be available through November 17, 2018 and may be accessed by dialing (855) 859-2056 or (404) 537-3406. The conference ID is 3068338.

About TransAtlantic

The Company is an international oil and natural gas company engaged in the acquisition, exploration, development, and production of oil and natural gas. The Company holds interests in developed and undeveloped properties in Turkey and Bulgaria.

(NO STOCK EXCHANGE, SECURITIES COMMISSION, OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.)

Forward-Looking Statements

This news release contains statements concerning the issuance of an earnings release, the filing of the Company’s Quarterly Report on Form 10-Q, as well as other expectations, plans, goals, objectives, assumptions, and information about future events, conditions, results of operations, and performance that may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect.

Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates, and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by the Company and described in the forward-looking statements or information. These risks and uncertainties include, but are not limited to, access to sufficient capital; market prices for natural gas, natural gas liquids, and oil products; estimates of reserves and economic assumptions; the ability to produce and transport natural gas, natural gas liquids, and oil products; the results of exploration and development drilling and related activities; economic conditions in the countries and provinces in which the Company carries on business, especially economic slowdowns; actions by governmental authorities; receipt of required approvals; increases in taxes; legislative and regulatory initiatives relating to fracture stimulation activities; changes in environmental and other regulations; renegotiations of contracts; political uncertainty, including actions by insurgent groups or other conflict; outcomes of litigation; the negotiation and closing of material contracts; and other risks described in the Company’s filings with the Securities and Exchange Commission.

The forward-looking statements or information contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events, or otherwise, unless so required by applicable securities laws.

Contacts:       

Chad D. Burkhardt
Vice President, General Counsel, and Corporate Secretary
(214) 265-4705
TransAtlantic Petroleum Ltd.
16803 Dallas Parkway
Addison, Texas 75001
http://www.transatlanticpetroleum.com

Categories: State

VivoPower International PLC Reports Unaudited Financial Results For the Six Months Ended September 30, 2018

12 November 2018 - 4:38pm

LONDON, United Kingdom, Nov. 12, 2018 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) (“VivoPower” or the “Company”), an international solar power company, today announced its results for the six months ended September 30, 2018.

Highlights

  • Total revenue for the six months ended September 30, 2018 was $18.5 million, an increase of 14.0%, as compared to $16.2 million for the six months ended September 30, 2017.
     
  • Revenue from the Company’s power services businesses for the six months ended September 30, 2018 was $17.4 million, an increase of 20.5% over the prior year reflecting the strong market dynamics in the industrial regions of Australia, as well as the Company’s aggressive push into new geographies within Australia and solar engineering, procurement, and construction (“EPC”) markets.
     
  • Gross profit attributable to power services was $2.5 million for the six months ended September 30, 2018, which represents a gross margin of 14.6%, up from 13.6% for the full year ended March 31, 2018, and 14.0% for the six months ended September 30, 2017.
     
  • Unrestricted cash resources increased to $3.1 million as at September 30, 2018, compared to $1.9 million as at March 31, 2018.
     
  • Total debt as at September 30, 2018, was $20.9 million, down from $22.3 million as at March 31, 2018.
     
  • On July 3, 2018, the Company successfully completed the sale of its minority equity interests in its two North Carolina solar investments, NC-31 and NC-47 (together, the “NC Projects”) for net proceeds of $11.5 million.
     
  • Net assets of our joint venture with Innovative Solar Systems, LLC, (“ISS Joint Venture”) of $12.9 million has been reclassified to assets held for sale as the Company aggressively pursues its strategic review, which has resulted in multiple prospective investors submitting proposals to acquire all or a portion of the joint venture.
     
  • Power services subsidiary, Kenshaw Electrical Pty Limited (“Kenshaw”) has significantly expanded its power services activities with one of Australia’s leading data center groups, Canberra Data Centres (“CDC”). Kenshaw’s strong track record with CDC for the supply and installation of power generators has resulted in a record volume of new contracts worth US$24.2 million. As a result of this increased business, Kenshaw has also announced the opening of a new office in Canberra to support CDC, as well other customers and emerging business opportunities in the region. The superior reliability and resilience of onsite power generators and recycled water, provided in part, by the power generators supplied by Kenshaw, and has helped CDC to become the largest provider of data storage to the Australian government.
     
  • Power services subsidiary, J.A. Martin Electrical Pty Limited, was successful in securing a high-visibility EPC contract for the 3.6 megawatts (“MW”) Cubbie Solar Project in Queensland, Australia, which will produce electricity to the largest irrigation property in the southern hemisphere. The project is the first phase of a longer-term plan to expand to 7.2 MW and will also include battery storage.
     
  • We made excellent progress with the 50 MW development portfolio of utility-scale solar projects in New South Wales, Australia, and have completed the development milestones for the first 15 MW phase, which we expect to commence construction by the end of June 2019.
     
  • In light of the potential sale of the ISS Joint Venture, the Company has recommitted to its strategic focus on the strong growth profile of the solar power generation market in the United States, particularly the higher margin profile of small utility and commercial and industrial (“C&I”) sectors, consistent with the Company’s current solar development activities in Australia. This shift may be accomplished through organic growth or consolidation of smaller players in the highly fractured C&I market within North America.


Conference Call Information

The Company will hold a conference call 5 p.m. EST time on Monday, November 12, 2018, to discuss the Company’s first half 2018 results and business outlook. The dial-in phone number for the live audio call is:

United Kingdom:                  +44 (0)330 336 9411
United States:                      +1 929 477 0402
Australia:                              +61 (0)2 9193 3761

Conference Code:             5586416

A live webcast of the conference call will be available at https://edge.media-server.com/m6/p/dpwy4jet and on the investor relations section of the VivoPower website at www.vivopower.com.

A replay of the webcast will be available two hours after the conclusion of the call until November 12, 2019. The webcast replay will also be available on the VivoPower website at www.vivopower.com.

About VivoPower International PLC

VivoPower is an international solar power producer that develops, owns and operates PV solar projects in a capital efficient manner. VivoPower partners with long-term investors, suppliers and developers to accelerate the growth of its portfolio of solar projects. In addition, the Company provides critical energy infrastructure solutions to commercial and industrial customers throughout Australia.

Forward-Looking Statements

This communication includes certain statements that may constitute “forward-looking statements” for purposes of the U.S. federal securities laws.  Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions.  The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.  Forward-looking statements may include, for example, statements about the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower’s management’s current expectations or beliefs and are subject to risk, uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower’s business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes and other factors set forth in VivoPower’s filings with the United States Securities and Exchange Commission. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise.

CONTACT: Contact:  Julie-Anne Byrne Investor Relations shareholders@vivopower.com
Categories: State

PrairieSky Royalty Declares November Dividend

12 November 2018 - 4:01pm

CALGARY, Alberta, Nov. 12, 2018 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. (“PrairieSky”) (TSX:PSK) announced today that its Board of Directors has declared a dividend of CDN $0.065 per common share, payable in cash on December 17, 2018 to shareholders of record on November 30, 2018.  This dividend is designated as an “eligible dividend” for Canadian income tax purposes.

About PrairieSky Royalty Ltd.

PrairieSky is a royalty-focused company, generating royalty revenues as petroleum and natural gas are produced from its properties. PrairieSky has a diverse portfolio of properties that have a long history of generating free cash flow and that represent the largest and most concentrated independently-owned fee simple mineral title position in Canada. PrairieSky common shares trade on the Toronto Stock Exchange under the symbol PSK.

FOR FURTHER INFORMATION PLEASE CONTACT:

PrairieSky Royalty Ltd.

Investor Relations
(587) 293-4000

www.prairiesky.com

Categories: State

National Fuel Gas Company Accepts U.S. Environmental Protection Agency’s Methane Challenge

12 November 2018 - 3:00pm

Participation continues emphasis on safe and responsible operations

WILLIAMSVILLE, N.Y., Nov. 12, 2018 (GLOBE NEWSWIRE) -- National Fuel Gas Company and five of its subsidiaries, spanning all key sectors of the natural gas value chain, announced their recent acceptance into the U.S. Environmental Protection Agency’s (EPA) Natural Gas STAR Methane Challenge Program. This voluntary program within the energy industry is designed to provide a transparent platform for utilities, pipeline and storage companies, and energy producers to make, track, and communicate commitments to reduce methane emissions.

“For more than 116 years, National Fuel, its affiliates, and employees have been committed to operating safely and responsibly as important members of our local, national, and world communities,” said Ronald J. Tanski, President and Chief Executive Officer at National Fuel Gas Company. “As one of our Company’s guiding principles, environmental stewardship reflects our understanding and deep appreciation for the vital role we play in upholding standards of environmental protection. Our participation in the Methane Challenge is further evidence of our commitment to protecting the environment and natural resources.”

Each participating subsidiary of National Fuel is making independent commitments under the Methane Challenge Best Management Practices that are appropriate to its business with the expectation to further reduce methane emissions. National Fuel’s companies have committed to analyze new and innovative approaches for further emission reduction and to explore the applicability of future best management practices or expansions of current best practices.

Seneca Resources Company, LLC, the Company’s exploration and production subsidiary, is committed to continuous improvement efforts to reduce greenhouse gas emissions and limit its potential environmental footprint. Since 2015, Seneca has partnered with the EPA to voluntarily reduce methane emissions through its participation in the Natural Gas STAR Program and committed to implementing a number of best management practices for reducing methane emissions where feasible, often beyond regulatory requirements, and has reported methane reduction actions annually to the EPA.

National Fuel’s midstream operations, comprised of National Fuel Gas Supply Corporation, Empire Pipeline, Inc., National Fuel Gas Midstream Company, LLC, work to expand the pipeline network to satisfy the growing demand for natural gas supplies. Across these businesses, engineers have been focused on developing best management practices and utilizing the best available technologies and materials that mitigate and reduce emissions from our new facilities. A particular emphasis has been on the design, construction, and operation of compressor station facilities with investment in technologies that meet and often go beyond what is required by stringent federal and state regulations.

National Fuel’s utility subsidiary National Fuel Gas Distribution Corporation has been focused on improving safety while reducing methane emissions from utility mains and service lines through system modernization, as well as initiatives to lower our customers’ carbon footprint through energy efficiency and conservation. The Company’s replacement of older natural gas infrastructure with more modern materials and technologies has resulted in fewer leaks across the system and should continue to lower methane emissions. From 2012 through 2017, the utility has seen a 17.4 percent reduction in greenhouse gas emissions, primarily methane, as reported to the U.S. EPA under subpart W of 40 CFR Part 98.

“With each well we drill, every pipeline we build, and as we continually replace older utility infrastructure, National Fuel’s employees are dedicated to protecting the environment and the health and safety of the members of our communities,” Tanski said.

National Fuel is a diversified energy company headquartered in Western New York that operates an integrated collection of natural gas and oil assets across multiple business segments, including Exploration & Production, Pipeline & Storage, Gathering, Utility, and Energy Marketing.  Additional information about National Fuel is available at www.nationalfuel.com. National Fuel’s guiding principles and environmental commitments are available on its Corporate Responsibility site at http://responsibility.natfuel.com.

Analyst Contact:       Kenneth E. Webster             716-857-7067
Media Contact:          Karen L. Merkel                    716-857-7654

Categories: State

CGG : Monthly information relating to the number of voting rights and shares

12 November 2018 - 12:34pm

CGG

A French société anonyme
with a share capital of € 7,099,438
Registered office : Tour Maine Montparnasse
33 avenue du Maine 75015 Paris
Paris Trade and Companies Register 969 202 241

Monthly information relating to the number of voting rights and shares issued

Article 223-16 of the General Regulation of the French market authority

 

Date of the information

   

Number of shares issued  

Number of theoretical voting rights  

November 8, 2018

   

709,943,886  

709,997,438

Attachment

Categories: State

McPhy Energy : McPhy to install its 15th hydrogen station for the Communauté de Communes Touraine Vallée de l'Indre

12 November 2018 - 11:46am

 Press release

McPhy to install its 15th hydrogen station for the Communauté de Communes Touraine Vallée de l'Indre

  • 15th hydrogen station, bringing McPhy's stations' daily potential to 52,500km of zero-emission mobility
  • Touraine Vallée de l'Indre is launching a pioneering project driving zero-emission mobility: HYSOPARC

La Motte-Fanjas, November 12, 2018 - 05:45pm CET - McPhy (Euronext Paris Compartment C: MCPHY, FR0011742329), a specialist in hydrogen production, storage and distribution equipment, today announces that it is to install its 15th hydrogen station for the Communauté de Communes Touraine Vallée de l'Indre in Sorigny. The station has the capacity to deliver 20kg of hydrogen per day, able to charge more than a dozen utility vehicles.

Pascal Mauberger, Chairman and Chief Executive Officer of McPhy, comments: "The government set new momentum for the French hydrogen industry with the launch of a rollout plan in June. Projects driving zero-emission mobility can now be initiated on a regional basis. Formed from the merging of two intercommunal bodies, the Communauté de Communes Touraine Vallée de l'Indre has a particularly interesting approach. The grouping together of intercommunal bodies is a guarantee of success, particularly in rural areas, as it facilitates the implementation of local hydrogen ecosystems that can be replicated in the heart of all regions. We are delighted to be installing our 15th McFilling station in Sorigny and would like to thank the Communauté de Communes Touraine Vallée de l'Indre for placing its trust in us."


Alain Esnault, President of the Communauté de Communes Touraine Vallée de l'Indre, states: "We welcome the implementation of the HYSOPARC project, which reflects Touraine Vallée de l'Indre's desire to play an active role in the hydrogen industry. Our project supports regional innovation and clean mobility, in connection with the French policy supporting regional initiatives.
The involvement of the Communauté de Communes and its municipal authorities coupled with McPhy's recognised expertise represents a key factor for success for the rollout of zero-emission mobility in urban fringes." 

The opening of the station constitutes a first step for the Communauté des Communes, which has demonstrated its desire to develop a hydrogen production platform. To be developed in the near future using electricity coming from renewable sources, the platform will be attached to a multiservice transport centre. Coupled with the hydrogen station, this electrolyzer will be able to produce, on-site and on-demand, clean hydrogen for charging vehicles, and achieving a truly zero-emission mobility chain.

McFilling 20-350 technology selected for the innovative HYSOPARC project

Transportation infrastructures are at the heart of the development and economic and social attractiveness of regional areas: movement of people or goods, private, business or local authority use, by road, rail or air etc. The rollout of hydrogen as a clean alternative fuel allows for a long-term vision of regional development. Zero emission mobility helps to make regions more attractive by reconciling ease of use, improved air quality and public health, and encouraging the large-scale rollout of clean energy in the energy mix and creating decentralised value.

McFilling 20-350 technology has been selected by the Communauté de Communes Touraine Vallée de l'Indre for its innovative HYSOPARC project. Intended to fuel the equivalent of a dozen utility vehicles per day, the hydrogen station will be opened in the first quarter of 2019. With capacity of 20kg of hydrogen per day - equivalent to 12 utility vehicles - the McFilling station, the 15th for McPhy, fits in with the first steps of France's strategy of priming the market by simultaneously rolling out captive fleets and stations to fuel them.

However, it should be noted that beyond this inception phase, the market is already set for a change of scale. For example, McPhy is present in the very high capacity (several hundred kilos of hydrogen per day) stations market for fueling large fleets of vehicles, buses and even hydrogen-propelled trains, with the first contract for a hydrogen bus station signed in May in the Hauts de France region.

McFilling 20-350 hydrogen station key figures

  • 20kg per day at 350 bar, equivalent to 12 utility vehicles
  • System for interoperability with "EAS-HyMob" hydrogen stations[1].
  • Zero-emission mobility; no particles, no CO2, no noise

NB: Go further: Are you a local authority and want to roll out hydrogen mobility in your area? Find out more using the practical guide published by FNCCR, AFHYPAC and Mobilité Hydrogène France: "Roll out hydrogen stations in your area". [FR]  http://www.fnccr.asso.fr/article/stations-de-recharge-a-hydrogene/

Next communication

2018 revenue - Tuesday 22 January 2019 after market close.

 

ABOUT MCPHY

In the framework of the energy transition, and as a leading supplier of hydrogen production, storage and distribution equipment, McPhy contributes to the deployment of clean hydrogen throughout the world.

Thanks to its wide range of products and services dedicated to the hydrogen energy, zero emission mobility and industrial hydrogen markets, McPhy provides turnkey solutions to its clients. These solutions are tailored to our client applications: renewable energy surplus storage and valorization, fuel cell car refueling, raw material for industrial sites.

As a designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production units based in Europe (France, Italy, Germany).

The company's international subsidiaries ensure a global sales coverage of McPhy's innovative hydrogen solutions.

McPhy is listed on Euronext Paris (Segment C, ISIN code: FR0011742329; ticker: MCPHY).

CONTACTS   Media relations

NewCap
Nicolas Merigeau
T. +33 (0)1 44 71 94 98
mcphy@newcap.eu

 

Investors Relations

NewCap
Julie Coulot | Emmanuel Huynh
T. +33 (0)1 44 71 20 40
mcphy@newcap.eu

 

  Follow us at

 

@McPhyEnergy    CONTACTS TOURAINE VALLEE DE L'INDRE   Media relations

Valérie Delaunay - Communications Director
T. +33 (0)2 47 34 29 00
valerie.delaunay@tourainevalleedelindre.fr

 

Aurélie Michel - Project Manager
T. 33 (0)2 47 34 29 00
aurelie.michel@tourainevalleedelindre.fr

  Follow us at

 

https://www.facebook.com/tourainevalleedelindre/

 

www.linkedin.com/company/tourainevalleedelindre/

 

 




[1] EAS-HyMob is a 15-station project in Normandy.  These interconnected stations all work using a 100% digital and computerised payment solution (smartphone). In order to facilitate the user experience/make life easier for users, the Sorigny station is interoperable with the EAS-MyHob network


Attachment

Categories: State

Vestas - Transactions in connection with share buy-back programme, week 45 2018

12 November 2018 - 9:02am

Vestas Wind Systems A/S, Aarhus, 12 November 2018
Company announcement No. 44/2018 

On 15 August 2018, Vestas initiated a share buy-back programme, ref. Company announcement No. 28/2018. The programme is implemented in accordance with Regulation No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR) and the Commission’s delegated regulation (EU) 2016/1052 of 8 March 2016 (the "Safe Harbour” rules).

Under the programme, Vestas will buy back shares for an amount up to DKK 1,500m (approx. EUR 200m) in the period from 15 August 2018 to 28 December 2018.

The following transactions have been made under the programme in week 45:

 Number of
sharesWeighted average purchase price, DKKTransaction value,
DKK
5 November 2018  58,641 403.9523,687,9916 November 2018  2,184 417.55911,9337 November 2018  -  - -8 November 2018  9,790 486.424,762,0589 November 2018  24,110 483.0211,645,540Accumulated under the programme  2,881,077 421.411,214,115,361

Details of all the transactions relating to the share buy-back programme during the period are presented in the attached appendix. 

Contact details
Vestas Wind Systems A/S, Denmark
Patrik Setterberg, Vice President                          
Investor Relations
Tel: +45 6122 1913 

Attachments

Categories: State

Hi-Crush Announces Integrated Agreement for Northern White Frac Sand with Chesapeake Energy

12 November 2018 - 9:00am

HOUSTON, Nov. 12, 2018 (GLOBE NEWSWIRE) -- Hi-Crush Partners LP (NYSE: HCLP), or "Hi-Crush", today announced that it has entered into a new, long-term frac sand supply agreement for the in-basin purchase of Northern White frac sand to support Chesapeake Energy Corporation (“Chesapeake”) and their completions program in the Marcellus and Powder River Basins. In addition, Chesapeake will utilize one PropStream® container crew and related logistics with the option to expand based on demand.

“We are excited to reach an agreement to provide services to meet Chesapeake’s demand for Northern White frac sand and associated proppant logistics needs,” said Robert E. Rasmus, Chairman and Chief Executive Officer of Hi-Crush. “We believe this agreement affirms the value of our Mine. Move. Manage. operating strategy, as well as the ongoing demand for Northern White frac sand, the strength of our logistics network and our success in increasingly partnering with producer customers.”

About Hi-Crush
Hi-Crush is a fully integrated, strategic provider of proppant and logistics solutions to the North American petroleum industry. We own and operate multiple frac sand mining facilities and in-basin terminals, and provide mine-to-wellsite logistics services that optimize proppant supply to customers in all major basins. Our PropStream® service, offering both container- and silo-based wellsite delivery and storage systems, provides the highest level of flexibility, safety and efficiency in managing the full scope and value of the proppant supply chain. Visit HiCrush.com.

About Chesapeake:
Headquartered in Oklahoma City, Chesapeake Energy Corporation's (NYSE: CHK) operations are focused on discovering and developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States. The company also owns an oil and natural gas marketing business.

Hi-Crush Media Contact:
Steve Bell
Director, Marketing and Corporate Communications
(713) 980-6225
marketing@hicrush.com

Hi-Crush Investor Contact:
Caldwell Bailey, Lead Investor Relations Analyst
(713) 980-6270
ir@hicrush.com
Marc Silverberg, ICR

Chesapeake Media Contact:
Gordon Pennoyer
(405) 935-8878
media@chk.com

Chesapeake Investor Contact:
Brad Sylvester, CFA
(405) 935-8870
ir@chk.com

Source: Hi-Crush Partners LP

Categories: State

Renewable Energy and Power Commences Sales of New LED Paintless Dent Repair Lighting Line

12 November 2018 - 8:47am

iDENT Paintless Dent Repair (PDR) Products Launched and Sold at SEMA Trade Show

LAS VEGAS, NV, Nov. 12, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE –  LED lighting and power solutions company Renewable Energy and Power (OTC: RBNW) (or "REAP"), today announced the sales launch of its unique automotive LED lighting solutions at the 2018 Specialty Equipment Market Association (SEMA) annual trade-only event.

View iDENT LED Paintless Dent Removal Product Page

Renewable Energy’s portable iDENT PDR™ LED offers both cost advantages and higher repair quality due to its universal articulation and precise illumination, designed to reduce the need for costly repaints in complex jobs such as hail damage.

iDENT was exhibited along with the company’s full line of automotive targeted indoor and outdoor LED lights, resulting in over 1,000 new prospects and potential distribution partners.

“This new product line offers competitive cost and quality advantages for the automotive sector including showrooms, retailers, and repair shops,” commented CEO Donald MacIntyre. “Demand for these advantages was clearly evident by direct sales and attention these products received at SEMA and we are actively pursuing orders and strategic discussions originated at the event.”

Automotive professionals interested in the benefits of transitioning to LED from fluorescent lighting are invited to review the products site linked above and contact us for ordering details.

About Renewable Energy and Power

REAP seeks to make the Green Energy market cost competitive with fossil fuels through innovation in solar, wind-power, and LED lighting. Federal and state legislation in the United States provides for tax incentives that drive businesses and consumers to replace older technologies with new solar and LED alternatives of the types offered by REAP.

Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: For information: info@reappower.com Phone: 702-685-9524 @REAPPower www.reappower.com
Categories: State

Apache and Kayne Anderson Acquisition Corporation Announce Closing of Transaction to Create Altus Midstream Company, a Pure-Play, Permian Basin Midstream C-Corp

12 November 2018 - 8:00am

Altus Midstream will trade on the Nasdaq with the ticker symbols ALTM and ALTMW beginning Nov. 12, 2018

HOUSTON, Nov. 12, 2018 (GLOBE NEWSWIRE) --  Apache Corporation (NYSE, Nasdaq: APA) and Kayne Anderson Acquisition Corporation (“KAAC”), a special purpose acquisition company (SPAC), which previously traded on the Nasdaq under the ticker symbols KAAC and KAACW, today announced the completion of the previously announced business combination to create Altus Midstream Company (Nasdaq: ALTM, ALTMW), currently the only publicly traded, pure-play, Permian Basin midstream C-corporation. The transaction was approved by KAAC shareholders Nov. 6, 2018. Upon closing, KAAC changed its name to Altus Midstream Company. The Company’s Class A common stock and warrants will begin trading on the Nasdaq Monday, Nov. 12, 2018, under the symbols ALTM and ALTMW, respectively.

“Altus Midstream is anchored by a world-class unconventional resource play in Alpine High and a premier sponsor in Apache Corporation, which currently owns approximately 79 percent of the company,” said Brian Freed, Altus Midstream CEO and president. “Our high-growth gathering and processing business, along with our options to purchase equity interests in five top-tier, Permian Basin pipeline projects, will drive market-leading growth at Altus Midstream for years to come. With no debt and a substantial cash position, we have the financial strength and access to a low cost of capital to fund our identified organic growth as well as pursue other attractive opportunities, such as crude and water gathering in Alpine High, third-party gathering and processing business, and mergers and acquisitions.”

Additionally, on Nov. 9, 2018, Altus Midstream entered into a credit agreement providing for an $800 million unsecured five-year revolving credit facility, with initial capacity of $450 million, the eventual ability to upsize the facility to $1.5 billion, and two one-year extension options. Pricing for the credit facility ranges between LIBOR + 1.05 percent to 1.425 percent.

“We have put in place a favorable revolving credit facility that provides Altus Midstream with flexible access to capital at attractive pricing and facilitates the ability to finance our growth plans,” said Ben Rodgers, Altus Midstream CFO.

About Altus Midstream Company
Altus Midstream Company is a pure-play, Permian Basin midstream C-corporation. Altus Midstream and/or its subsidiaries own substantially all of the gas gathering, processing and transportation assets servicing Apache Corporation’s production in the Alpine High play in the Delaware Basin. Altus Midstream posts announcements, operational updates, investor information and press releases on its website, www.altusmidstream.com.

About Apache
Apache Corporation is an oil and gas exploration and production company with operations in the United States, Egypt and the United Kingdom. Apache posts announcements, operational updates, investor information and press releases on its website, www.apachecorp.com, and on its Media and Investor Center mobile application, which is available for free download from the Apple App Store and the Google Play store.

Forward-looking statements
This news release includes certain statements that may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “seeks,” “possible,” “potential,” “predict,” “project,” “guidance,” “outlook,” “should,” “would,” “will,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements about future plans, expectations, and objectives for Altus Midstream’s and Apache’s operations, including statements about our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans, and objectives of management. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. See "Risk Factors" in our Definitive Proxy Statement dated October 22, 2018 filed with the Securities and Exchange Commission for a discussion of risk factors that affect our business. Any forward-looking statement made by us in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future development or otherwise, except as may be required by law.

Contacts for Apache and Altus Midstream

Media: (713) 296-7276   Castlen Kennedy
                                      Phil West

Investors: (281) 302-2286   Gary Clark
                                                       
Websites: www.altusmidstream.com, www.apachecorp.com

APA-F

Categories: State

Solar Alliance Partners with NuYen Blockchain for the Development of Murphysboro Cryptocurrency Facility

12 November 2018 - 7:00am

VANCOUVER, British Columbia, and KNOXVILLE, Tenn., Nov. 12, 2018 (GLOBE NEWSWIRE) -- Solar Alliance Energy Inc. (‘Solar Alliance’ or the ‘Company’) (TSX-V: SOLR) is pleased to announce it has reached an agreement with NuYen Blockchain Inc. (“NuYen”) for the development of the Company’s cryptocurrency mining facility in Murphysboro, Illinois.

NuYen has proposed a joint venture with the Company pursuant to which the Company will transfer the Murphysboro Facility to NuYen in exchange for NuYen reimbursing the Company US$40,000 representing the costs incurred by the Company to date. The Company will retain a 2% net profits interest royalty in any blockchain mining operations conducted at the Murphysboro Facility payable to the Company quarterly. NuYen will upgrade the warehouse at its own cost for tenancy and undertake to contract the Company to fund the cost to construct and install a 1 MW solar project at the Murphysboro Facility at an agreed upon mark-up to cost. The Company will have the right of first offer to bid on an additional 4 MW solar expansion and battery storage when the Murphysboro Facility is expanded.

The Company announced the acquisition of the 165,000 square foot warehouse facility in Murphysboro, Illinois for a nominal cost on June 13, 2018 (the “Murphysboro Facility”). The Murphysboro Facility has access to low cost grid supplied power that would be complemented with a behind the meter solar array. The concept was to upgrade the warehouse, build a solar array to supplement the power grid and provide a supply of low-cost power to the cryptomining tenants. On July 11, 2018 the Company announced that it had signed a memorandum of understanding (the “MOU”) with NuYen a private company focused on the mining of cryptocurrency and the development of blockchain IP whereby NuYen would have become a tenant at the Murphysboro Facility.

“Solar Alliance has been focused primarily on expanding our operations in the U.S. southeast, including the commencement of construction of the 2.4 MW ground mounted commercial solar project being constructed for a Fortune Global 500 company,” said COO Myke Clark. ”This agreement allows Solar Alliance to focus on our core business of commercial and industrial solar while participating in the financial upside of cryptocurrency mining. This transaction with NuYen will allow the Company to generate a revenue stream from its 2% net profits interest royalty and a profit margin on the 1 MW solar project. We look forward to working with NuYen Blockchain on this project and believe it provides a template for the use of solar to support the energy intensive cryptocurrency mining sector,” concluded Clark.

Jason Bak is a director and shareholder of the Company and a director and shareholder of NuYen. Closing of this transaction is subject to the approval of the TSX Venture Exchange. The boards of directors of both the Company and NuYen have each determined that the proposed Transaction is in the best interest of their respective shareholders with each having taken into account advice from their financial and legal advisors, as applicable. Mr. Bak, having declared his conflict of interest, abstained from voting on this Transaction and the remaining directors unanimously approved the Transaction.

Jason Bak, Chairman and CEO

For more information:

Solar Alliance Sales

(865) 309-4674 

Solar Alliance Investor Relations
Jason Bak, CEO
(604) 288–9051
jbak@solaralliance.com

About Solar Alliance Energy Inc. (www.solaralliance.com)
Solar Alliance is an international energy solutions provider focused on residential, commercial and industrial solar installations. The Company operates in California, Tennessee, North/South Carolina and Kentucky and has an expanding pipeline of solar projects. Since it was founded in 2003, the Company has developed wind and solar projects that provide enough electricity to power 150,000 homes. Our passion is improving life through ingenuity, simplicity and freedom of choice. Solar Alliance reduces or eliminates customers' vulnerability to rising energy costs, offers an environmentally-friendly source of electricity generation, and provides affordable, turnkey clean energy solutions.

Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. The words “would”, “will”, “expected” and “estimated” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different than those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related to the ability to raise sufficient capital, changes in economic conditions or financial markets, litigation, legislative or other judicial, regulatory and political competitive developments and technological or operational difficulties. Consequently, actual results may vary materially from those described in the forward-looking statements.

“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Categories: State

Standard Lithium Signs Joint Venture Term Sheet With Global Specialty Chemical Company LANXESS

12 November 2018 - 6:30am

VANCOUVER, British Columbia, Nov. 12, 2018 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLL) (OTC-NASDAQ INTL DESIGNATION: STLHF) (FRA: S5L), announces that it has signed a term sheet (the “Term Sheet”) with global specialty chemical company LANXESS Corporation (“LANXESS”) for a contemplated joint venture in the commercial production of battery grade lithium from brine extracted from the Smackover Formation in South Arkansas.

Standard Lithium is working with LANXESS in a phased approach as per terms of a binding memorandum of understanding, to develop commercial opportunities related to the production, marketing and sale of battery grade lithium products extracted from brine produced from the Smackover Formation.

Under the proposed terms of the joint venture, LANXESS would contribute lithium extraction rights and grant access to its existing infrastructure to the joint venture, and Standard Lithium would contribute existing rights and leases held in the Smackover Formation and the pilot plant being developed on the Property, as well as its proprietary extraction processes including all relevant intellectual property rights. Upon proof of concept, LANXESS is prepared to provide funding to the joint venture to allow for commercial development of the future commercial project, and it is anticipated that the joint venture will include options for Standard Lithium to participate in project funding on similar terms. The final terms of the joint venture and any funding arrangement remain subject to completion of due diligence, technical proof of concept, normal economic viability studies (e.g. Preliminary Feasibility Study etc.) to confirm the technical feasibility and economic viability of the project, and the negotiation of definitive agreements between the parties.

About Standard Lithium Ltd.
The Company’s flagship LANXESS Project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction from over 150,000 acres of permitted brine operations utilising the Company’s proprietary selective extraction technology. The Company is also pursuing the resource development of over 30,000 acres of separate brine leases located in southwestern Arkansas and approximately 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino County, California.

Investors are cautioned that without a Pre-Feasibility or Feasibility study prepared in accordance with NI 43-101 there can be no assurance that the Term Sheet will result in an actual producing lithium mine.

Standard Lithium is listed on the TSX Venture Exchange under the trading symbol “SLL”; quoted on the OTC-NASDAQ INTL DESIGNATION under the symbol “STLHF”; and on the Frankfurt Stock Exchange under the symbol “S5L”. Please visit the Company’s website at www.standardlithium.com.

On behalf of the Board,

Standard Lithium Ltd.
Robert Mintak, CEO & Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

CONTACT: For further information, contact Anthony Alvaro at (604) 240 4793
Categories: State

Havila Shipping ASA: Contract with Equinor UK for the PSV Havila Borg

12 November 2018 - 2:42am


Havila Shipping has entered into a charter contract for approximately 4 months with Equinor UK for the PSV Havila Borg.

For additional information please contact:

CEO Njål Sævik, +47 909 35 722
CFO Arne Johan Dale, +47 909 87 706


This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

Categories: State

TGS announces strategic collaboration for ocean bottom node projects in North Sea

12 November 2018 - 1:02am

ASKER, NORWAY (12 November 2018) TGS announces a strategic collaboration with Axxis Geo Solutions (AGS) for multi-client ocean bottom node projects in the North Sea.  The area of mutual interest covers the core part of the central North Sea up to and including the Utsira area.  Under this agreement, the parties will work together to develop opportunities to co-invest in multi-client ocean bottom node projects.  TGS will have a right to process all new node data acquired under this collaboration.

AGS is a Norwegian company focusing on the ocean bottom seismic market.  The company has a proprietary technology-agnostic node handling system and is currently operating four vessels with more than 9,000 nodes.  The AGS management team has experience of executing more than 100 surveys in over 20 countries.  Their technology and capabilities are complementary to TGS multi-client experience, client relationships, existing data and subsurface knowledge in this region.

As part of this collaboration, TGS will join the 1,560 km2 Utsira node multi-client project which is currently being acquired by AGS in the Norwegian North Sea.

"E&P companies have for a long time recognized that ocean bottom nodes can deliver a significant uplift in data quality. Technology development and operational efficiencies are bringing costs down to a level where large-scale exploration node surveys are becoming an attractive option to support exploration and drilling decisions. This is TGS' second ocean bottom node announcement related to 2019 investments and we are excited by the momentum that we see in this market," commented Kristian Johansen, CEO, TGS.

 

Company Summary
TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide.  In addition to extensive global geophysical and geological data libraries that include multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, and data integration solutions.

For more information visit TGS online at www.tgs.com.

Forward-looking statements and contact information

All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include TGS' reliance on a cyclical industry and principal customers, TGS' ability to continue to expand markets for licensing of data, and TGS' ability to acquire and process data products at costs commensurate with profitability. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.

TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange (OSLO:TGS).

TGS sponsored American Depositary Shares trade on the U.S. over-the-counter market under the symbol "TGSGY".


For additional information about this press release please contact:

Sven Børre Larsen
Chief Financial Officer
Tel: +47 90 94 36 73
Email: sven.larsen@tgs.com

Will Ashby
SVP Investor Relations, HR & Communication
Tel: +1 713 860 2184 
Email: will.ashby@tgs.com

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

Categories: State

EMGS: Update on Survey in South America

11 November 2018 - 2:30pm


Reference is made to the stock exchange notifications published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on, respectively, 19 and 26 October 2018, regarding an acquisition in South America for an undisclosed customer.

The Company has now received a purchase order from the customer for the survey. The total value of the purchase order is approximately USD 8.2 million.

Subject to inter alia all necessary governmental permits, EMGS expects to commence the survey as soon as practicable possible after the vessel arrives in the area of operations.  

Contact
Hege Veiseth, CFO, +47 99 21 67 43

About EMGS
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. EMGS supports each stage in the workflow, from survey design and data acquisition to processing and interpretation. The Company's services enable the integration of EM data with seismic and other geophysical and geological information to give explorationists a clearer and more complete understanding of the subsurface. This improves exploration efficiency and reduces risks and the finding costs per barrel.

EMGS operates on a worldwide basis with offices in Trondheim, Oslo, Houston, Mexico City, Rio de Janeiro and Kuala Lumpur.


This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


Categories: State

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