Selected financial and operational highlights should be read in conjunction with Hemisphere's unaudited condensed interim consolidated financial statements and related notes, and the Management's Discussion and Analysis for the three months ended June 30, 2025 which are available on SEDAR+ at www.sedarplus.ca and Attained quarterly production of 3,826 boe/d (99% heavy oil). Generated $24.4 million, or $70.06/boe, in revenue. Achieved total operating and transportation costs of $14.18/boe. Delivered an opera ...

CALGARY, Alberta, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) ("Prospera", "PEI" or the "Corporation") In Q2 2025, Prospera invested $1.65 million in capital expenditures, including $665K for well reactivations, $534K for plant maintenance, and $448K for environmental work. Reactivation efforts targeted eleven wells in the Luseland and Cuthbert properties, adding 87 boe/d of production at an improved capital efficiency of $7,644/boe (vs. $9,317/boe in Q1). Plant maintenan ...

About Reeflex Solutions Inc. Reeflex is a public company delivering advanced engineering and manufacturing solutions across various industry sectors. Through our wholly-owned subsidiary, Coil Solutions Inc., we provide coil tubing injectors and downhole tools for the oil & gas sector. Our manufacturing division, Ranglar Manufacturing, specializes in custom-designed mobile equipment for a wide range of industrial applications. See https://www.reeflex.ca. NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR ...

Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there. The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns. Analyst's Disclosure:I/we have a beneficial long position in the shares of SHEL either through stock ownership, options, or other derivatives. I wrote t ...

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Core Insights - Condor Energies Inc. is focused on energy transition initiatives in Central Asia, with significant developments in Uzbekistan and Kazakhstan [1][3][5] Group 1: Financial Performance - The company released its unaudited interim condensed consolidated financial statements for the three and six months ended June 30, 2025 [1] - In Uzbekistan, natural gas and condensate sales for Q2 2025 amounted to CAD $19.29 million [7] - As of June 30, 2025, the company incurred CAD $2.9 million in costs for the First LNG Facility, with an estimated additional cost of USD $24.4 million (CAD $33.3 million) to complete construction [17] Group 2: Production and Operations - Average production in Uzbekistan for Q2 2025 was 10,258 boe/d, consisting of 10,004 boe/d of natural gas and 254 bopd of condensate, showing a 2.0% increase compared to Q2 2024 [26] - The company operates under a production enhancement services contract with JSC Uzbekneftegaz to enhance production from eight natural gas-condensate fields [7] - A multi-well drilling program is set to commence in early September 2025, with the first well expected to produce between 13 and 20 MMscf/day [3][10] Group 3: LNG Initiatives - Condor is constructing Kazakhstan's first LNG facility, with production expected to start in Q2 2026 [5][15] - The company secured three LNG feed gas allocations in Kazakhstan, which will support the operation of multiple LNG facilities [6][18] - A USD $5.0 million bridge loan was executed to fund long lead equipment for the First LNG Facility, demonstrating shareholder commitment [20] Group 4: Critical Minerals Exploration - The company holds two critical minerals mining licenses in Kazakhstan, focusing on lithium and copper exploration [21] - Historical tests in the Kolkuduk license indicated lithium concentrations of up to 130 mg/L, while the Sayakbay license showed concentrations of 67 mg/L [22] - The initial development plan for Sayakbay includes drilling two wells to verify lithium deliverability rates, with an estimated cost of USD $6.7 million (CAD $9.1 million) [25]

Core Viewpoint - New Stratus Energy Inc. has submitted a formal application to operate and invest in the further development of Block 192 in Peru, awaiting a decision from the Government of Peru [1][2]. Group 1: Company Operations - The technical team at New Stratus previously operated Block 192 from 2015 to 2021, achieving a peak production of over 15,000 barrels of oil equivalent per day of 18° API oil [2]. - In 2019, Perupetro estimated the proved plus probable reserves at approximately 87.14 million barrels for Block 192 [2]. - The Block has been shut in since 2021 as the Government of Peru determines the appropriate partnership for restoring production and developing reserves sustainably [2]. Group 2: Future Developments - New Stratus Energy will provide further details on the application process as they become available [3]. - The company is reliant on the bidding process and the receipt of necessary approvals for the operation of Block 192 [5].

Core Insights - Pembina Pipeline Corporation reported second-quarter 2025 earnings per share of 47 cents, matching the Zacks Consensus Estimate but down from 55 cents in the previous year, primarily due to an asset retirement at the Redwater Complex and lower profits from PGI [1][9] - Quarterly revenues decreased by approximately 4.5% year over year to $1.3 billion, significantly missing the Zacks Consensus Estimate of $1.6 billion [2][9] - The company’s adjusted EBITDA forecast for 2025 has been revised to a range of C$4.2 billion to C$4.4 billion, with a capital investment plan raised to $1.3 billion [9][10] Financial Performance - The operating cash flow decreased approximately 17.2% to C$790 million, while adjusted EBITDA was C$1 billion, down from C$1.1 billion in the year-ago period [2] - The Pipelines segment reported adjusted EBITDA of C$646 million, a decrease of about 1.4% year over year, but exceeded projections [4] - The Facilities segment's adjusted EBITDA fell to C$331 million from C$340 million, primarily due to lower volumes from planned outages [5] - The Marketing & New Ventures segment saw a significant decline in adjusted EBITDA to C$74 million, down 48.3% from C$143 million in the previous year [6] Segment Analysis - In the Pipelines segment, volumes increased by about 2% year over year to 2,768 mboe/d despite lower firm tolls and revenues [4] - The Facilities segment experienced a volume decrease of approximately 3.4% year over year to 826 mboe/d [5] - The Marketing & New Ventures segment volumes decreased by about 5.3% year over year to 302 mboe/d [7] Capital Expenditure and Balance Sheet - Pembina's capital expenditure for the quarter was C$197 million, down from C$265 million a year ago [8] - As of June 30, 2025, the company had cash and cash equivalents of C$210 million and long-term debt of C$12.7 billion, resulting in a debt-to-capitalization ratio of 42.8% [8]

Core Insights - Targa Resources Corp. (TRGP) reported second-quarter 2025 earnings of $2.87 per share, exceeding the Zacks Consensus Estimate of $1.91 and improving from $1.33 in the same quarter last year, driven by strong volumes across its systems [1] - Total quarterly revenues reached $4.3 billion, a 19.6% increase from $3.6 billion in the prior-year quarter, primarily due to a 23% rise in commodity sales and a 5% increase in midstream service fees, although it fell short of the Zacks Consensus Estimate of $4.9 billion [2] - Adjusted EBITDA for the quarter was $1.2 billion, up from $984.3 million year-over-year [2] Dividend and Share Buyback - Targa declared a quarterly cash dividend of $1 per common share, totaling approximately $217 million, payable on August 15 to shareholders of record as of July 31 [3] - The company repurchased 651,163 common shares for about $124.9 million at an average price of $191.86 per share, with $890.5 million remaining under the authorized buyback plan as of March 31, 2025 [3] Operational Highlights - The company achieved all-time-high transportation volumes for Permian and NGL, and announced a 43-mile expansion of the Bull Run natural gas pipeline to enhance connectivity between the Permian Delaware system and WAHA [4] - The Gathering and Processing segment reported an operating margin of $588 million, a 3% increase from $573 million year-over-year, although it missed the consensus estimate of $619 million [5] - Logistics and Transportation segment's operating margin was $632 million, reflecting a 15% year-over-year increase that matched the consensus estimate [6] Volume and Margin Performance - Gathering and Processing volumes increased by 11% year-over-year to an average of 6,278 MMcf/d, surpassing the consensus mark of 6,135 MMcf/d [5][10] - Fractionation volumes rose 7% to 969 thousand barrels per day, although it fell short of the consensus estimate of 1,106 thousand barrels per day [8] - NGL pipeline transportation volumes increased by 23% year-over-year, while export volumes rose by 7% [8] Financial Overview - Product costs amounted to $2.4 billion, a 10.9% increase from the previous year, while operating expenses rose to $323.6 million, up 11% from $290.7 million [11] - The company invested $885.1 million in growth capital programs, compared to $798.7 million in the prior year [11] - As of June 30, 2025, Targa had cash and cash equivalents of $113.1 million and long-term debt of $16.1 billion, with a debt-to-capitalization ratio of approximately 85.6% [11] 2025 Guidance - Targa expects full-year adjusted EBITDA for 2025 to be in the range of $4.65-$4.85 billion, supported by growth in its Permian Gathering and Processing footprint [12] - The company anticipates total net growth capital expenditures for 2025 to be around $3 billion, reflecting earlier-than-expected project completions and new expansions [13] - The Gathering and Processing segment is set to see the Pembrook II plant come online ahead of schedule in August 2025, with several other projects progressing as planned [14][15]

Core Insights - Vivakor, Inc. has appointed Kimberly Hawley as EVP and Chief Financial Officer and Les Patterson as EVP and Chief Operating Officer to enhance operational and financial capabilities [1][2] - The leadership changes are aimed at improving profitability and scaling operations efficiently, with a focus on financial transparency and long-term value creation for stakeholders [2][3] Financial Leadership - Kimberly Hawley brings over 25 years of experience in corporate finance, strategic planning, and regulatory compliance, particularly in the energy, infrastructure, and logistics sectors [2][3] - Her expertise includes SEC and GAAP financial reporting, SOX compliance, and audit management, which will strengthen Vivakor's financial reporting [2][3] Operational Excellence - Les Patterson has over 30 years of experience in the oil and gas industries, having worked with major companies like BP, ExxonMobil, Chevron, and Shell [3][4] - His role will focus on driving operational excellence, optimizing the asset base, and expanding revenue streams to create long-term value [4] Company Overview - Vivakor, Inc. is an integrated provider of energy transportation, storage, reuse, and remediation services, with a mission to develop and operate assets in the energy sector [5]