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Guardian Announces Issuance of Shares to Retire Debt
Thenewswire· 2025-08-21 23:55
Core Points - Guardian Exploration Inc. has issued 200,000 common shares at a deemed price of $0.115 per share to retire $23,000 of indebtedness to an arm's length contractor [1] - The completion of the debt settlement was subject to conditional approval from the TSX Venture Exchange, which has been obtained [1] - All shares issued in connection with the debt settlement are subject to a statutory four-month hold period in accordance with applicable securities laws [2] Company Overview - Guardian Exploration Inc. is a TSXV listed company engaged in oil and gas as well as mineral exploration and development [3] - The company's prospects include the Mount Cameron Property in the Yukon's Mayo Mining District, mineral claims on southern Dall Island in Southeast Alaska known as the Kaigani claims, and the Sundog and Esker gold projects located in the Kivalliq Region, Nunavut [3]
Sonoro Energy Commence Drilling at the Countess Well in Alberta
Thenewswire· 2025-08-21 13:10
Core Viewpoint - Sonoro Energy Ltd. has commenced drilling the Countess Well in Alberta, targeting Mississippian-aged carbonate formations at an estimated depth of approximately 3,500 feet [1][2]. Group 1: Company Operations - The Countess Well is located at 04-15-19-15 W4, approximately 10 kilometers west of Brooks, Alberta, with Sonoro holding a 100% working interest in the project [3]. - The drilling team is focused on strict health and safety practices during the drilling program [2]. Group 2: Company Overview - Sonoro Energy Ltd. is a Calgary-based oil and gas exploration company that aims to identify and develop high-quality resource opportunities in Western Canada and the Middle East [4]. - The company is committed to responsible energy development and delivering value through operational excellence [4].
Guardian Stakes Mineral Claims in Kivalliq Region, Nunavut
Thenewswire· 2025-08-20 21:10
Group 1 - Guardian Exploration Inc. has acquired nine claim blocks in the Kivalliq Region, Nunavut, covering 844 claim units and a total area of 16,282.05 hectares, with 100% ownership of these royalty-free claims [1][4] - The acquired land package is part of the "Esker Gold project," which extends from the "Esker" gold mineral occurrence to the "River" gold mineral occurrence [2] - The President and CEO of Guardian expressed excitement about the acquisition, highlighting the significant project area covered by the claims [3] Group 2 - Guardian Exploration Inc. is listed on TSXV and is involved in oil and gas as well as mineral exploration and development, with other prospects including the Mount Cameron Property and the Sundog and Esker gold projects [4]
Guardian Announces Proposal to Retire Debt
Thenewswire· 2025-08-15 22:45
Group 1 - Guardian Exploration Inc. has agreed to issue 200,000 common shares at a deemed price of $0.115 per share to retire $23,000 of indebtedness to an arm's length contractor, pending approval from the TSX Venture Exchange [1] - The shares issued in connection with the debt settlement will be subject to a statutory four-month hold period in accordance with applicable securities laws [2] Group 2 - Guardian Exploration Inc. is a TSXV listed company engaged in oil and gas as well as mineral exploration and development, with prospects including the Mount Cameron Property in the Yukon's Mayo Mining District, Kaigani claims in Southeast Alaska, and the Sundog gold project in Nunavut [3]
CGX Energy Files Second Quarter Financial Statements, Announces Impairment of the Corentyne Block, and Changes to the Board of Directors
Newsfile· 2025-08-14 03:19
Core Viewpoint - CGX Energy Inc. reported a significant impairment loss of $56.4 million on its exploration and evaluation assets related to the Corentyne Block due to uncertainties arising from the Government of Guyana's conduct and communications [2][4]. Financial Performance - The impairment loss of $56.4 million was recognized in the income statement, reducing the carrying value of the Corentyne exploration and evaluation asset to $Nil as of June 30, 2025, down from $56.2 million as of December 31, 2024 [4]. Government Relations - The Government of Guyana's unwillingness to recognize the rights of the Joint Venture, which includes Frontera Energy Guyana Corp. and CGX Resources Inc., has restricted the Company's ability to develop activities under existing licenses and agreements [3][4]. - Despite the impairment, the Joint Venture maintains that its interests in the Corentyne block remain valid and that the Petroleum Agreement has not been terminated [5]. Board Changes - Dr. Suresh Narine has resigned from his positions as Executive Director and Executive Co-Chairman of the Board to pursue academic endeavors, prompting the search for a new Chief Executive Officer [6]. - Alejandra Bonilla and René Burgos Diaz have been appointed as new directors, and Orlando Cabrales has been elected as the Chairman of the Board [7][11]. Director Profiles - Alejandra Bonilla has over 20 years of experience in the oil and gas industry and has held various roles at Frontera Energy Corporation [9]. - René Burgos Díaz, the Chief Financial Officer of Frontera since June 2022, has extensive experience in corporate finance and operational leadership within the energy sector [10].
Class Action Filed Against Sable Offshore Corp. (SOC) - September 26, 2025 Deadline to Join – Contact The Gross Law Firm
GlobeNewswire News Room· 2025-08-13 20:38
Core Points - The Gross Law Firm has issued a notice to shareholders of Sable Offshore Corp. regarding a class action lawsuit for those who purchased shares between May 19, 2025, and June 3, 2025 [1][3] - The lawsuit alleges that Sable Offshore Corp. made materially false and misleading statements about restarting oil production off the coast of California, which were not true [4] - The deadline for shareholders to register for the class action is September 26, 2025, and there is no cost to participate [5] Allegations - The complaint claims that the defendants misrepresented the company's operational status, leading to inflated stock prices and subsequent investor losses when the truth was revealed [4] - Specific allegations include the failure to disclose that oil production had not actually restarted as claimed [4] Next Steps for Shareholders - Shareholders who register will be enrolled in a portfolio monitoring system to receive updates on the case [5] - The firm emphasizes that appointment as lead plaintiff is not necessary to recover losses [1][5] About the Law Firm - The Gross Law Firm is recognized for its commitment to protecting investors' rights against deceit and fraud in business practices [6] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [6]
ExxonMobil Eyes $21.7B in Trinidad Deepwater Exploration Push
ZACKS· 2025-08-13 13:55
Group 1: ExxonMobil's Expansion in Trinidad and Tobago - ExxonMobil has signed an agreement to explore over 2,700 square miles of deepwater acreage off Trinidad's east coast, with potential investments of up to $21.7 billion if substantial reserves are found [1] - The geological setting of the area is similar to other major deepwater discoveries, and ExxonMobil aims to replicate its success from offshore projects in Guyana [2][10] - The company will operate the deepwater block with a 100% working interest, allowing full control over exploration and development decisions [4] Group 2: Upcoming Operations and Surveys - ExxonMobil plans to initiate a geophysical survey within the next six months to gather subsurface data, followed by drilling operations to test oil and gas prospects [3][10] - The company will leverage existing infrastructure and resources between Guyana and Trinidad and Tobago to expedite the exploration process [3] Group 3: Market Position and Comparisons - ExxonMobil currently holds a Zacks Rank 3 (Hold), while other energy sector stocks like Antero Midstream Corporation, Flotek Industries, and Enbridge Inc. have better rankings [5] - Antero Midstream generates stable cash flow through long-term contracts and has a commitment to debt reduction, with an average earnings surprise of 1.13% [6] - Flotek Industries has consistently beaten earnings estimates, with an average surprise of 65.2%, and is projected to see 94% year-over-year growth in 2025 [8] - Enbridge operates the longest oil and gas pipeline system in North America, earning steady fees through long-term contracts, with an average earnings surprise of 5.61% [9][11]
ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Sable Offshore Corp. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SOC
GlobeNewswire News Room· 2025-08-11 22:52
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Sable Offshore Corp. securities during the specified Class Period and secondary public offering about the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who purchased Sable securities between May 19, 2025, and June 3, 2025, or through the May 21, 2025, secondary public offering may be eligible for compensation without any out-of-pocket fees [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by September 26, 2025 [3]. Group 2: Legal Representation - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone, and has been recognized as a leader in securities class action settlements [4]. Group 3: Case Allegations - The lawsuit alleges that Sable Offshore Corp. made materially false and misleading statements regarding its oil production activities off the coast of California, which were not accurate [5]. - As a result of these misleading statements, investors are claimed to have suffered damages when the true information became public [5].
Prospect Park Provides Corporate and Business Update
Globenewswire· 2025-08-08 21:00
Core Points - Prospect Park Capital Corp. held its annual general and special meeting of shareholders on July 21, 2025, with 19,450,235 shares represented, accounting for 23.5% of eligible voting shares [1] - The company completed a consolidation of its common shares on July 25, 2025, at a ratio of one post-consolidation share for every twenty pre-consolidation shares, resulting in 12,389,873 outstanding shares [2] - The company is transitioning from an investment issuer to an oil and gas issuer through an assignment and conveyance of overriding royalty interest (ORRI) with Wedgemount Texas Corp. [3][4] - The ORRI Assignment involves acquiring a 1% royalty interest for US$160,000 from certain oil and gas leases in Runnels County, Texas, pending shareholder approval for an amendment to its by-law [4][5] - A special meeting of shareholders is scheduled for September 26, 2025, to vote on the by-law amendment necessary for the ORRI Assignment [5] - The company completed a financing of $50,000 through secured convertible debentures, maturing on August 8, 2026, with a 12% annual interest rate, secured by the ORRI [6]
Fast-paced Momentum Stock Vermilion (VET) Is Still Trading at a Bargain
ZACKS· 2025-08-01 13:50
Group 1 - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] - Fast-moving trending stocks can be risky if their valuations exceed future growth potential, leading to potential losses for investors [2] - A safer strategy involves investing in bargain stocks that exhibit recent price momentum, identified through the Zacks Momentum Style Score [3] Group 2 - Vermilion Energy (VET) has shown a price increase of 9.5% over the past four weeks, indicating growing investor interest [4] - VET has gained 30.7% over the past 12 weeks, with a beta of 1.22, suggesting it moves 22% more than the market [5] - VET has a Momentum Score of A, indicating a favorable time to invest based on its momentum [6] Group 3 - VET has received a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [7] - The stock is trading at a Price-to-Sales ratio of 0.86, suggesting it is undervalued at present [7] - VET is positioned for further growth, supported by its fast-paced momentum and reasonable valuation [8] Group 4 - There are additional stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, indicating more investment opportunities [8] - Zacks offers over 45 Premium Screens tailored to different investing styles, aiding in stock selection [9]