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CGX Energy Provides Notice of Second Quarter 2025 Financial Results and Update on Corentyne Block
Newsfile· 2025-08-01 12:15
Core Viewpoint - CGX Energy Inc. is set to release its financial and operational results for Q2 2025 on August 13, 2025, after market close, while the ongoing dispute regarding the Corentyne block with the Government of Guyana remains unresolved [1][4]. Group 1: Financial Results Announcement - CGX Energy will announce its Q2 2025 financial results on August 13, 2025 [1]. Group 2: Dispute with Government of Guyana - Frontera Energy Corporation and its subsidiaries submitted a notice of intent to the Government of Guyana on March 26, 2025, alleging breaches of the UK-Guyana Bilateral Investment Treaty and the Guyana Investment Act [2]. - The Government of Guyana rejected the claims regarding the Corentyne block license, asserting that the Joint Venture's interest expired on June 28, 2024, but may consider a final meeting with the Investors in October 2025 [3]. - The Joint Venture, consisting of Frontera Energy Guyana Corp. and CGX Resources Inc., maintains that their interests in the Corentyne block are valid and that the Petroleum Agreement has not been terminated [4]. Group 3: Joint Venture Details - The Joint Venture holds a 100% working interest in the Corentyne block, with Frontera Guyana and CGX Resources having respective participating interests of 72.52% and 27.48% [5].
Analysts Estimate Vaalco Energy (EGY) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2025-07-31 15:08
The market expects Vaalco Energy (EGY) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 7, might help the stock move higher if these key numbers are better t ...
Vermilion Energy (VET) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
ZACKS· 2025-07-31 15:06
Wall Street expects a year-over-year increase in earnings on higher revenues when Vermilion Energy (VET) reports results for the quarter ended June 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 7, might help the stock move higher if these key numbers are better than expecta ...
ReconAfrica Provides a Corporate Update and Announces That the Kavango West 1X Well Has Started Drilling
Globenewswire· 2025-07-31 12:00
CALGARY, Alberta, July 31, 2025 (GLOBE NEWSWIRE) -- Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces that the Kavango West 1X exploration well is currently drilling and provides a corporate update on ongoing operations. Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Chris Sembritzky, SVP Exploration c ...
Here is Why Growth Investors Should Buy Vermilion (VET) Now
ZACKS· 2025-07-24 17:46
Core Viewpoint - Growth investors are increasingly focused on stocks with above-average financial growth, but identifying such stocks can be challenging due to inherent risks and volatility [1] Group 1: Company Overview - Vermilion Energy (VET) is currently recommended as a strong growth stock due to its favorable Growth Score and top Zacks Rank [2] - The company has a historical EPS growth rate of 13.5%, but projected EPS growth for this year is expected to be 231.8%, significantly outperforming the industry average of -23% [4] Group 2: Financial Metrics - Vermilion's asset utilization ratio (sales-to-total-assets ratio) is 0.32, indicating that the company generates $0.32 in sales for every dollar in assets, which is higher than the industry average of 0.31 [5] - The company's sales are projected to grow by 17.7% this year, compared to an industry average of 0% [6] Group 3: Earnings Estimates - The current-year earnings estimates for Vermilion have been revised upward, with the Zacks Consensus Estimate increasing by 152.2% over the past month [7] - Vermilion has achieved a Zacks Rank of 2 (Buy) and a Growth Score of B, indicating its potential as an outperformer for growth investors [9]
ReconAfrica Provides a Corporate Operational Update
GlobeNewswire News Room· 2025-07-22 09:00
Core Insights - Reconnaissance Energy Africa Ltd. is preparing to spud the Kavango West 1X exploration well, with drilling scheduled before the end of July 2025 [2][4] - The well aims to reach a total depth of approximately 3,800 meters (12,500 feet) and will target over 1,500 meters of the Otavi carbonate reservoir section [2][3] - The Kavango West 1X well represents the second test in the Damara Fold Belt play, which has identified over 19 prospects and leads [3] Operational Update - The drilling rig has been safely moved on-site, and all necessary permits have been obtained from regulators [2] - Final assembly and safety checks of the drill rig are currently underway [2] - The prospect is a large structural fold identified on modern 2D seismic data, extending over 22 kilometers long by three kilometers wide [3] Corporate Governance - Iman Hill has resigned from the Board of Directors effective July 31, 2025, due to foreign work obligations [5] - Following the resignation, the Board will consist of five members, three of whom are independent directors [5] - The Board intends to maintain its current size of five seats [5] Community Engagement - The company expresses gratitude to community and regulatory stakeholders in Namibia for their collaboration in reaching the drill-ready stage [7] - ReconAfrica emphasizes its commitment to safe operations for employees, local communities, wildlife, and the environment [7] Company Overview - ReconAfrica is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin across northeastern Namibia, southeastern Angola, and northwestern Botswana, holding approximately 13 million contiguous acres of petroleum licenses [7]
ReconAfrica Provides a Corporate Operational Update
Globenewswire· 2025-07-22 09:00
Core Insights - Reconnaissance Energy Africa Ltd. is preparing to spud the Kavango West 1X exploration well, with drilling scheduled before the end of July 2025 [2][4] - The well aims to reach a total depth of approximately 3,800 meters (12,500 feet) and will target over 1,500 meters of the Otavi carbonate reservoir section [2] - The Kavango West 1X well represents the second test in the Damara Fold Belt play, which has identified over 19 prospects and leads [3] Operational Update - The drilling rig has been safely moved on-site, and all necessary permits have been obtained from regulators [2] - Final assembly and safety checks of the drill rig are currently underway [2] - The prospect is a large structural fold identified on modern 2D seismic data, extending over 22 kilometers long by three kilometers wide [3] Board of Directors Update - Iman Hill has resigned from the Board of Directors effective July 31, 2025, due to foreign work obligations [5] - Following the resignation, the Board will consist of five members, three of whom are independent directors [5][6] Community Engagement - The company expresses gratitude to community and regulatory stakeholders in Namibia for their collaboration in reaching the drill-ready stage [7] - ReconAfrica emphasizes its commitment to safe operations for employees, local communities, wildlife, and the environment [7] Company Overview - ReconAfrica is engaged in oil and gas exploration in the Damara Fold Belt and Kavango Rift Basin, holding petroleum licenses for approximately 13 million contiguous acres [7]
TAG Oil Provides Corporate Update
Newsfile· 2025-07-11 13:00
Core Insights - TAG Oil Ltd. is pursuing expansion opportunities in both unconventional and conventional exploration and production assets in Egypt [1] - The company plans to participate in an open bid for various blocks in Egypt organized by the Egyptian National Petroleum for Exploration and Development Company (ENPEDCO), with the bidding process expected to close on August 31, 2025 [1] - The acquisition target in the Western Desert, Egypt, is expected to significantly expand TAG Oil's acreage and enhance its operational footprint in the unconventional Abu Roash "F" oil resource play [2] - TAG Oil's CEO emphasized the strategic importance of expanding the company's footprint in Egypt and expressed confidence in leveraging local expertise for a compelling proposal during the ENPEDCO process [3] Company Overview - TAG Oil is a Canadian-based international oil and gas exploration company focused on operations and opportunities in the Middle East and North Africa [4]
Pelican Acquisition Corporation Signs Letter of Intent to Acquire Greenland Exploration Limited
Globenewswire· 2025-06-23 20:39
NEW YORK, June 23, 2025 (GLOBE NEWSWIRE) -- Pelican Acquisition Corporation (NASDAQ: PELI, the “Company” or “Pelican”), a Cayman Islands exempted company formed as a special purpose acquisition company, today announced that it has entered into a non-binding letter of intent (“LOI”) with Greenland Exploration Limited (“Greenland Exploration” or “GEL”) to pursue a potential business combination. Greenland Exploration is a Texas-based special purpose vehicle focused on developing strategic interests in North A ...
Black Gold Updates Disclosure at the Request of the BCSC and CSE
Globenewswire· 2025-06-05 14:37
Core Viewpoint - Black Gold Exploration Corp. (BGX) has clarified its recent production announcement, confirming its 10% working interest in the Fritz 2-30 well in Indiana, and addressing unauthorized promotional disclosures made by third parties [1][2][3]. Disclosure Update - BGX has entered production through a 10% working interest in the Fritz 2-30 well located in Clay County, Indiana [1]. - The company invested a total of USD $145,987 to acquire this interest in a joint venture with LGX Energy Corp. for exploration, drilling, and testing [1]. Marketing Disclosure Update - BGX engaged with CHero Enterprises Corp. for news dissemination, but unauthorized and overly promotional disclosures were made by Aktiencheck, which were not authorized or reviewed by the company [2]. - The Canadian Securities Exchange (CSE) and British Columbia Securities Commission (BCSC) requested the removal of the inaccurate promotional materials published by Aktiencheck [2]. Additional Notes - BGX has no engagement with SmallCapCanada, which issued an inaccurate news release regarding the company's production interest, failing to mention the 10% working interest in the Fritz 2-30 well [3]. - The company has committed to reviewing and approving all promotional materials in the future [4].