Vancouver, British Columbia--(Newsfile Corp. - July 11, 2025) - TAG Oil Ltd. (TSXV: TAO) (OTCQB: TAOIF) (FSE: T0P) ("TAG Oil" or the "Company") continues to look at expansion opportunities in both unconventional and conventional exploration and production assets in Egypt. As part of the initiative, the Company anticipates that it will be participating in a recently announced open bid for various blocks in Egypt by the Egyptian National Petroleum for Exploration and Development Company ("ENPEDCO"). The proc ...

Company Overview - Interoil Exploration and Production ASA is a Norwegian-based exploration and production company listed on the Oslo Stock Exchange [1] - The company focuses on Latin America and operates several production and exploration assets in Colombia and Argentina [1] Annual General Meeting - The Annual General Meeting was held in Oslo on 10 July 2025 [1] - Minutes from the meeting are attached for further details [2]

Core Insights - APA Corporation provided supplemental information regarding its second-quarter 2025 financial and operational results, indicating that actual results may vary based on various factors not identified in the release [1] Financial Performance - Estimated average realized prices for the second quarter of 2025 are as follows: - Oil in the United States: $64.85 per barrel - NGL in the United States: $19.80 per barrel - Natural Gas in the United States: $1.00 per Mcf - Oil internationally: $66.20 per barrel - NGL internationally: $41.60 per barrel - Natural Gas internationally: $4.00 per Mcf [2] - The company reported a net gain on oil and gas purchases and sales (before tax) of approximately $158 million, which includes the impact of realized gain/loss from commodity derivatives [2] Production Update - APA curtailed approximately 10 million cubic feet per day (MMcf/d) of U.S. natural gas production and 750 barrels per day of U.S. natural gas liquids production in response to weak or negative Waha hub prices [3] Asset Sale Update - In May, APA announced an agreement to divest assets in New Mexico, which closed in June, resulting in a reduction of approximately 1.8 million barrels of oil equivalent per day (MBoe/d) in second-quarter U.S. production, with 33% being oil [4] - The total net proceeds from the asset sale, after customary closing adjustments and transaction costs, were approximately $575 million [4] Share Information - The estimated weighted-average basic common shares for the second quarter is 361 million [5] Upcoming Events - APA will host a conference call to discuss its second-quarter 2025 results on August 7 at 10 a.m. Central time, which will be webcast from the company's website [6]

Group 1 - Amplify Energy Corp. (NYSE: AMPY) shares have decreased by 50% following the announcement of a proposed merger with Juniper Capital, which has since been terminated [2] - The decline in share price is attributed to concerns regarding the failed merger deal [2] - The Insiders Forum focuses on small and mid-cap stocks that insiders are purchasing, aiming to outperform the Russell 2000 benchmark over time [2]

Core Insights - Hess Corporation has officially exited Suriname's offshore Block 59, concluding its exploration activities after meeting minimum work obligations, with the block reverting to state control [1][9] - The exit follows the withdrawal of Hess' former partners, Exxon Mobil and Equinor, over high drilling risks and financial uncertainties [2][9] - Block 59, located in deepwater with depths of 2,700-3,500 meters, struggled to attract new partners for exploration after the exit of ExxonMobil and Equinor [3][9] Exploration Challenges - Hess avoided further financial commitments by opting out before the next exploration phase ending in July 2025, as the region has not yet shown viable production prospects [4] - Staatsolie, Suriname's state oil company, aims to reassign Block 59 as part of its strategy to maximize offshore investment, with nearly half of Suriname's offshore territory under production sharing agreements [5][6] Future Partnerships - Staatsolie is committed to securing new partnerships to explore the country's hydrocarbon potential, despite the challenges associated with ultra-deepwater exploration [6]

Core Points - Riley Exploration Permian, Inc. has announced a cash dividend of $0.38 per share, payable on August 7, 2025, to stockholders of record as of July 24, 2025 [1] - The company will release its financial and operating results for the second quarter on August 6, 2025, after U.S. financial markets close [2] - A conference call for investors and analysts will be held on August 7, 2025, at 9:00 a.m. CT to discuss the results and conduct a Q&A session [2] - Riley Exploration Permian is an independent oil and natural gas company focused on the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids [3]

Core Viewpoint - Vital Energy, Inc. is set to report its second-quarter 2025 financial and operating results on August 6, 2025, after market close, with a conference call scheduled for August 7, 2025, at 7:30 a.m. CT to discuss the results [1]. Company Overview - Vital Energy, Inc. is an independent energy company headquartered in Tulsa, Oklahoma, focusing on the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas [2].

Core Viewpoint - Canadian Natural Resources Limited (CNQ) is a leading independent energy producer with a diversified portfolio across North America, the U.K. North Sea, and Offshore Africa, focusing on long-life, low-decline assets to ensure predictable cash flow [1][3][4] Group 1: Growth Drivers - CNQ reported record production levels of approximately 1.58 million barrels of oil equivalent per day (BOE/d) in Q1 2025, with 79% from long-life, low-decline assets [3] - The company posted C$2.4 billion in adjusted net earnings and C$4.5 billion in adjusted funds flow during the same quarter, with a quarterly dividend payout of 58.75 Canadian cents, yielding 5.3% annually [4] - CNQ's Oil Sands Mining and Upgrading operations reported average operating costs of C$21.88 per barrel, significantly lower than its peers [5] - Strategic acquisitions, including Duvernay assets, are expected to ramp production toward 60,000 BOE/d by 2025, with reduced well costs due to efficiency gains [6] - CNQ's low breakeven WTI price in the low to mid-$40s enhances its resilience as a producer [7] Group 2: Financial Performance - CNQ reduced net debt by C$1.4 billion and generated free cash flow of C$1.85 billion in Q1 2025, maintaining a robust balance sheet [4] - The consensus revenue estimate for CNQ in 2025 is $26.96 billion, indicating a 3.6% year-over-year rise [10][17] - The Zacks Consensus Estimate for CNQ's 2025 earnings is $2.33 per share, reflecting a 7.91% year-over-year decline [17] Group 3: Risks and Challenges - CNQ's long-term debt stands at C$17.3 billion, which may restrict financial flexibility in a high-interest-rate environment [8] - Operational risks include a projected annual output cut of 31,000 barrels per day due to the ongoing AOSP turnaround [9] - The company faces increased compliance costs and reputational risks due to strict competition regulations in Canada [12]

Summary of Key Points Core Viewpoint - Petrolympic Ltd. has granted a total of 2,100,000 options to purchase common shares to its directors and officers at an exercise price of $0.10 per share, with an expiration date of July 4, 2030 [1]. Group 1: Company Actions - The company has issued 2,100,000 options for common shares to its directors and officers [1]. - The exercise price for these options is set at $0.10 per share [1]. - The options will expire on July 4, 2030 [1]. Group 2: Regulatory Information - The TSX Venture Exchange and its regulations services provider have not reviewed or accepted responsibility for the adequacy or accuracy of the release [1].

Company Focus - GeoPark emphasizes profitability, discipline, and sustainable value creation as its core operational focus [1] - The company maintains a highly attractive valuation and efficient operations, prioritizing capital return [1] Investment Approach - The investment strategy highlighted focuses on value companies with solid long-term potential, indicating a preference for stability and growth [1]