CALGARY, April 24, 2018 /CNW/ - Connacher Oil and Gas Ltd. announces its financial and operating results for the quarter- and year-ended December 31, 2017 . Q4 2017 and Year-End 2017 Highlights Financial Q4 2017 and YTD 2017 revenue, net of royalties, increased 66% to $61.2 million and $218.0 million , respectively, primarily due to improved crude [...]
CALGARY, April 24, 2018 /CNW/ - Connacher Oil and Gas Ltd. announces its year-end reserves as of December 31, 2017, as evaluated by GLJ Petroleum Consultants Ltd. , independent qualified reserves evaluators. Proved producing reserves decreased by 1.4 million barrels to 13.3 million barrels . The net present value of future net revenue before income [...]
CALGARY, March 28, 2018 /CNW/ - Connacher Oil and Gas Ltd. is pleased to announce that the Court of Queen's Bench of Alberta in Connacher's Companies' Creditors Arrangement Act proceeding has approved Connacher's entry into a Support Agreement with first lien lenders holding in excess of 75% of the principal amount of debt outstanding under the [...]
CALGARY, Jan. 30, 2018 /CNW/ - Connacher Oil and Gas Ltd. is pleased to announce that it has received approval from the Court of Queen's Bench of Alberta in its proceedings under the Companies' Creditors Arrangement Act to grant a bitumen royalty to Burgess Energy Holdings, L.L.C. on all of the lands containing bitumen together with the oil sands [...]
CALGARY, Nov. 22, 2017 /CNW/ - Connacher Oil and Gas Ltd. announces its financial and operating results for the three and nine months ended September 30, 2017 . Through improved pricing, major cost structure reductions, and high operational reliability, the Company continued to improve its operating netback and adjusted EBITDA in Q3 2017. Financial [...]
CALGARY, Sept. 14, 2017 /CNW/ - Connacher Oil and Gas Ltd. ("Connacher" or the "Company") today announced that Jeff Beeston has been appointed Chief Financial Officer of Connacher. Mr. Beeston is a Chartered Accountant with over 16 years of experience. Mr. Beeston has been Vice President of Finance and Interim Chief Financial Officer at Connacher [...]
Connacher Oil and Gas Ltd. announces its financial and operating results for the three and six months ended June 30, 2017. Connacher has posted four consecutive quarters with positive netbacks and two quarters with positive adjusted EBITDA for the first time since 2014. Improved pricing, major cost structure reductions while maintaining high [...]
CALGARY, June 27, 2017 /CNW/ - Connacher Oil and Gas Ltd. ("Connacher" or the "Company") announced today that it has obtained an extension of the stay of proceedings in Connacher's Companies' Creditors Arrangement Act ("CCAA") proceeding to January 31, 2018 and has entered into an Approval and Modification Agreement #3 (the "Agreement") with its [...]
CALGARY, May 26, 2017 /CNW/ - Connacher Oil and Gas Ltd. ("Connacher" or the "Company") announces its financial and operating results for the quarter-ended March 31, 2017 (all amounts are in Canadian dollars unless otherwise noted). Q1 2017 Highlights Financial Q1 2017 revenue, net of royalties, increased to $46.9 million (Q1 2016 - $11.8 million [...]
CALGARY, April 20, 2017 /CNW/ - Connacher Oil and Gas Ltd. ("Connacher" or the "Company") announces its financial and operating results for the quarter- and year-ended December 31, 2016 (all amounts are in Canadian dollars unless otherwise noted). Operations As oil prices increased in the second half 2016 and 2017, the Company restored production [...]
CALGARY, Feb. 21, 2017 /CNW/ - Connacher Oil and Gas Ltd. ("Connacher" or the "Company") announces its year-end reserves as of December 31, 2016, as evaluated by GLJ Petroleum Consultants Ltd. ("GLJ"), independent qualified reserves evaluators. Proved producing reserves increased by 7 million barrels (gross) to 14.7 million barrels (gross). The net [...]
Connacher Oil and Gas announced that it has obtained an order from the Alberta Court of Queen's Bench extending the period of the Court-ordered stay of proceedings against Connacher under the Companies' Creditors Arrangement Act until and including June 30, 2017. The Company has been operating under the protection of the CCAA since May 17, 2016 [...]