Wednesday, January 22, 2025

Elk Petroleum Continues to Grow Reserves and Production for Several Turns Below Average Costs

Elk Petroleum announces capital raise to fund low-cost growth Elk Petroleum (ASX: ELK) announced today that the company successfully completed a A$13.5 million (US$10.2 million) private capital raise which will help the company continue to reinvest in its low-cost, low-decline Aneth CO2 EOR assets that were purchased from Resolute Energy (ticker: REN). The company has identified a significant range of

Elk Petroleum Updates Aneth Field, Grieve Project

Australia’s Elk Petroleum Limited (ticker: ELK) recently released its half-year results and guidance update. The company reported a 44% increase in share price to A$0.095 (March 2018) – this is up from A$0.066 (June 2017). The company reported production of 972,498 BOE, with 1P reserves of 47.5 MMBOE and 2P reserves of 84.2 MMBOE. Elk’s operations are all in the

Resolute Energy Corporation – Day One Breakout Notes

Resolute Energy presents at EnerCom’s The Oil & Gas Conference®  During Resolute Energy’s breakout session, management was asked the following questions:  With the sale of the midstream assets, what is that going to do to your LOE’s out of the Permian? What should we model for your LOE’s or operating costs out of the Permian?  How do you think about

EnerCom Conference Presenter Focus: Resolute Energy Corporation

Posts all-time record production to close Q2 Resolute Energy Corporation (ticker: REN) will be presenting at EnerCom’s The Oil & Gas Conference® 21 in Denver on Monday, August 15, 2016. Resolute Energy is an unconventional U.S. operator focused on domestic hydrocarbons, namely crude oil. The company has two primary operating regions with assets in the Permian Basin of Texas and

Resolute Energy Corp Gaining Growth Momentum; Reports Q3’12 Results

Resolute Energy Corp (ticker: REN) is an independent oil and gas company focused on the acquisition, exploration, exploitation and development of oil and gas properties primarily in the Aneth Field in the Paradox Basin of Utah, the Powder River Basin of Wyoming, the Permian Basin of Texas and the Bakken trend in the Williston Basin of North Dakota.  Resolute’s primary

Resolute Energy Corp Reports Q3'11; Production Increasing from Expansion Projects

Resolute Energy Corporation (NYSE: REN) reported Q3’11 net income of $37.6 million, or $0.59 per share, compared to a Q3’10 net loss of $7.1 million, or a loss $0.14 per share. Total revenues for Q3’11 were $54.0 million, an increase of 29% from Q3’10 revenues of $41.8 million. Production during Q3’11 averaged 7,920 BOEPD, an increase of 4% from Q3’10.