Saturday, November 30, 2024

Granite Oil: Drilling Alberta Bakken, EOR to Shallow Declines

Granite Oil Corp. (ticker: GXO) has established its operational core in the Bakken siltstone play, located in southern Alberta. The company is focused on further developing the play’s enhanced oil recovery (EOR) operations and on building additional profile on the western portion of the play. In its Bakken play, Granite holds approximately 350,000 acres with 100% working interest. Granite currently

Granite Oil Corp. Delivers Record 2016 Year End Reserve Metrics

Granite Oil: presenting company at EnerCom Dallas Granite Oil Corp. (ticker: GXO) published results of the independent reserves report prepared by Sproule Associates Limited at December 31, 2016. During 2016, Granite invested approximately $21.5 million of estimated capital expenditures (unaudited), all organically, into its 100%-owned Bakken asset. This represents a 48% decrease in year over year capital expenditures as the

Granite Oil Corp. – Day Three Breakout Notes

Michael Kabanuk, President and Chief Executive Officer of Granite Oil Corporation (TSX: GXO), presented today at EnerCom’s The Oil & Gas Conference 20®. Granite Oil Corp. is a dividend-paying, junior oil producer based in Calgary, Alberta that owns and operates a large, recently discovered Alberta Bakken oil pool in southern Alberta. Granite was founded in May 2015 through a Plan of Arrangement that