Toronto, Ontario--(Newsfile Corp. - Le 13 novembre/November 2024) - Pan American Energy Corp. has announced a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidated common share for every ten (10) pre-consolidated common shares. As a result, the outstanding shares of the company will be reduced to approximately 10,597,923 common shares. The name and symbol will not change. Please note that all open orders will be canceled at the close of business on Novemb ...

PrimeEnergy Resources Corporation (PLPC) delivered strong financial results in the second quarter of 2024, highlighted by significant year-over-year increases in earnings and revenues on robust oil production and favorable pricing. The company's strategic focus on expanding its drilling activities, particularly in the West Texas region, resulted in substantial production growth, which more than doubled from the prior-year period. However, the quarter also saw a decline in natural gas revenues and a rise in ...

HOUSTON, Aug. 14, 2024 (GLOBE NEWSWIRE) -- PrimeEnergy Resources Corporation (NASDAQ: PNRG) announced today net income of $19.73 million for the quarter, and $31.05 million for the six months, ended June 30, 2024. This represents $7.77 and $12.16 per share, on a fully diluted basis, for the three and six months ended June 30, 2024. As of August 14, 2024, the total outstanding shares including outstanding options are 2,519,271. "During the second quarter of 2024, the Company added the first production from 2 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.10 par value PNRG NASDAQ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number 0-7406 PrimeEnergy Res ...

Zacks Investment Research has recently initiated the coverage of PrimeEnergy Resources Corporation (PNRG) with a "Neutral" recommendation. The independent oil and natural gas company has shown significant growth and operational efficiency, becoming a noteworthy player in the oil and gas industry. PNRG has been proactive in acquiring assets to expand its operational footprint and diversify its revenue streams. The company's total assets grew to $332.9 million as of Mar 31, 2024, from $288.6 million at the en ...

| | | | Quarter ended March | | 31, | Increase | | Increase | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 2024 | | 2023 | | | | | | | Revenues (in thousands) | $ | 42,990 | $ | 22,815 | $ | 20,175 | 88 | % | | Net Income (in thousands) | $ | 11,319 | $ | 1,410 | $ | 9,909 | 703 | % | | Earnings per Common Share: | | | | | | | | | | Basic | $ | 6.27 | $ | 0.75 | $ | 5.52 | 736 | % | | Diluted | $ | 4.41 | $ | 0.53 | $ | 3.88 | 732 | % | | Shares Used in Calculation of: | | | | | | | | | | Bas ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number 0-7406 PrimeEnergy Resources Corporation (Exact name of registrant as specified in its charter) Delaware 84-0637348 (State or other jurisdictio ...

Financial Performance - The company reported a net income of $28.1 million for 2023, or $15.19 per share, compared to $48.7 million, or $24.91 per share for 2022, reflecting production increases offset by commodity price decreases [269]. - Oil, NGL, and gas sales decreased by $16.4 million, or 13.19%, to $107.7 million for the year ended December 31, 2023, from $124.1 million for the year ended December 31, 2022 [270]. - Total oil and gas revenue decreased by $16,376,000, or 13.19%, to $107,742,000 in 2023 from $124,118,000 in 2022 [273]. Production Metrics - Crude oil production increased by 205,000 barrels, or 21.83%, to 1,144,000 barrels for the year ended December 31, 2023, from 939,000 barrels for the year ended December 31, 2022 [271]. - NGL production increased by 189,000 barrels, or 45.32%, to 606,000 barrels for the year ended December 31, 2023, from 417,000 barrels for the year ended December 31, 2022 [271]. - Natural gas production increased by 802 MMcf, or 24.12%, to 4,127 MMcf for the year ended December 31, 2023, from 3,325 MMcf for the year ended December 31, 2022 [271]. - Gas sold increased by 802,000 Mcf, or 24.12%, to 4,127,000 Mcf in 2023 from 3,325,000 Mcf in 2022 [273]. Price Changes - The average realized price for crude oil decreased by $19.86 per barrel, or 20.54%, for 2023 compared to 2022, while NGL prices decreased by $16.06 per barrel, or 44.99%, and natural gas prices decreased by $3.62 per Mcf, or 65.34% [270]. - Average price received for oil decreased by $19.86, or 20.54%, to $76.84 in 2023 from $96.70 in 2022 [273]. - Average price received for gas decreased by $3.62, or 65.34%, to $1.92 in 2023 from $5.54 in 2022 [273]. Expenses and Investments - General and administrative expenses decreased by $4.6 million, or 22.7%, to $15.6 million in 2023 from $20.2 million in 2022 [280]. - Depreciation, depletion, and amortization increased by $3.6 million, or 13.1%, to $31 million in 2023 from $27.4 million in 2022 [279]. - Interest expense decreased by $0.4 million, or 41.0%, to $0.5 million in 2023 from $0.9 million in 2022 [282]. - Tax expense decreased to $6.1 million in 2023 from $10.3 million in 2022, primarily due to a decrease in pre-tax income [282]. - The company invested approximately $91 million in 35 wells during 2023, focusing on horizontal development in West Texas [261]. - For 2024, the company expects to invest $140 million in 54 wells and $95 million in an additional 23 wells in West Texas in 2025 [261]. Stock and Credit Facilities - The company maintains a credit facility totaling $300 million, with a borrowing base of $85 million, and had $4 million in outstanding borrowings as of March 31, 2024 [258]. - The company has a stock repurchase program, spending $7.5 million in 2023 and expects continued spending in 2024 [267]. Field Service Income - Field service income increased by $2.4 million, or 18.5%, to $15.4 million in 2023 from $13.0 million in 2022 [277].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the Transition Period From to FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 0-7406 PrimeEnergy Resources Corporation (Exact name of registrant as specified in its charter) Delaware 84-0637348 (Stat ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number 0-7406 PrimeEnergy Resources Corporation (Exact name of registrant as specified in its charter) (713) 735-0000 (Registrant's t ...