Summary Marketline's Border Petroleum Limited Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Border Petroleum Limited since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of...
Granite Oil Corp. Agrees to Sale to International Petroleum Corporation For $0.95 Cash Per Share CALGARY, Alberta, Jan. 20, 2020 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX: GXO)(OTCQX:GXOCF) is pleased to announce that it has entered into an arrangement agreement (the “Agreement”) with International Petroleum Corporation (TSX, Nasdaq Stockholm: IPCO) (“IPC”), pursuant to which IPC will acquire all of the issued and outstanding common shares of Granite (the “Shares”) for cash consideration of $0.95 per Share (the “Transaction”). The Transaction is to be complet...
Granite Oil Corp. Announces 2019 Year End Reserve Metrics CALGARY, Alberta, Jan. 20, 2020 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to present the summary results of the independent reserves report (the “Sproule Report”) prepared by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2019. In 2019, Granite invested approximately $6.4 million of capital expenditures (unaudited) into its 100%-owned Bakken oil property, representing approximately 45% of its Corporate funds from operations (unaudited), and r...
Granite Oil Corp. Provides Preliminary 2020 Plans and Fall Borrowing Base Redetermination CALGARY, Alberta, Dec. 02, 2019 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to provide preliminary 2020 plans and announce the fall review of the Company’s borrowing base redetermination of its credit facility has been completed. Granite is planning a capital program in 2020 that continues to prioritize significant debt repayment while growing production and adding producing reserves at highly efficient and economic metrics. Following a succes...
Granite Oil Corp. Reports Third Quarter 2019 Financial and Operating Results CALGARY, Alberta, Nov. 06, 2019 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to report its operating and unaudited financial results for the three and nine months ended September 30, 2019. FINANCIAL AND OPERATING HIGHLIGHTS Three Months Ended September 30Nine Months Ended September 30 2019201820192018 (000’s, except per share amounts)($)($)($)($) FINANCIAL Oil and natural gas revenues 9,543 12,724 30,344 37,493 Cash flow from operations 4,333...
Granite Oil Corp. Provides Operational Update and Preliminary Third Quarter Results CALGARY, Alberta, Oct. 17, 2019 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to report the preliminary results for the third-quarter and an operational update. During the recently completed third quarter, the Company made significant progress on debt repayment and completed an initial test of a recompletion program which has the potential to have material, positive impacts on go-forward development of the Company’s Bakken oil pool. Preliminary Third...
Granite Oil Corp. Reports Second Quarter 2019 Financial and Operating Results CALGARY, Alberta, Aug. 12, 2019 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to report its operating and unaudited financial results for the three and six months ended June 30, 2019. Second Quarter Highlights and Operations Update During the first six months of 2019, Granite has reduced its net debt by over 10%, exiting the second quarter with net debt of approximately $42.8 million, down approximately $4.9 million from year-end 2018. Granite paid down ap...
Granite Oil Corp. Announces Results Of Shareholder Meeting CALGARY, Alberta, May 29, 2019 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO; OTCQX:GXOCF) is pleased to announce the results from its 2019 annual general and special meeting of shareholders held on May 29, 2019 in Calgary, Alberta (the “Meeting”). Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated April 24, 2019, a copy of which is available on the Company's SEDAR profile at The voting results for each of the matters voted on ...
Granite Oil Corp. Announces Credit Facility Renewal CALGARY, Alberta, May 15, 2019 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO) (OTCQX:GXOCF) is pleased to announce that the annual borrowing base redetermination of its credit facility has been completed. The Company has renewed the existing credit facility at the same level of $50 million, consisting of a $45 million revolving demand credit facility and a $5 million revolving demand operating facility. The Company has sufficient liquidity and financial flexibility to execute its business plan. Contact ...
Granite Oil Corp. Reports First Quarter 2019 Financial and Operating Results CALGARY, Alberta, May 08, 2019 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to report its operating and unaudited financial results for the three months ended March 31, 2019. FINANCIAL AND OPERATING HIGHLIGHTS Three Months Ended March 31, 2019 2018 (000s, except per share amounts)($) ($) FINANCIAL Oil and natural gas revenues 9,296 10,675 Cash flow from (used in) operations2,427 3,957 Funds from (used in) operations (1) 4,302 2,711 Per share – ...
Granite Oil Corp. Provides 2019 Well Test Results, Operational and Corporate Update CALGARY, Alberta, May 01, 2019 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to provide material test results from its well drilled and completed in the second quarter of 2019, preliminary first-quarter results including significant debt repayment, and advancements in operational and Corporate efficiencies. In April, Granite successfully drilled and completed one development well in the Western portion of its Alberta Bakken property. The Company recen...
Granite Oil Corp. Reports Year End 2018 Financial Results CALGARY, Alberta, March 21, 2019 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to release its financial results for the year ended December 31, 2018. Granite has filed its audited financial statements for the year ended December 31, 2018, and related Management Discussion & Analysis with the applicable Canadian securities regulatory authorities. Granite's annual financial materials may be viewed in their entirety on and on the Company's website at . Financial and Operating H...
Granite Oil Corp. Announces 2018 Year End Reserve Metrics and Operational Update CALGARY, Alberta, March 12, 2019 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to present the summary results of the independent reserves report (the “Sproule Report”) prepared by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2018. In 2018, Granite invested approximately $10.2 million of capital expenditures (unaudited), all organically, into its 100%-owned Bakken oil property. This represents a decrease of approximately 4...
Granite Oil Corp. Announces Closing of Final Tranche of Private Placement NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. CALGARY, Alberta, Jan. 18, 2019 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX: GXO) (OTCQX: GXOCF) is pleased to announce that it has closed the second and final tranche of its non-brokered private placement (“Offering”) of common shares (the “Shares”) at a price of $0.52 per Share, for aggregate gross proceeds of approximately $437,171. Together ...
Granite Oil Corp. Announces Private Placement Closing NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. CALGARY, Alberta, Dec. 21, 2018 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX: GXO) (OTCQX: GXOCF) announces that it has issued a 3 million common shares (the “Shares”) at a price of $0.52 per Share for aggregate gross proceeds of $1.56 million pursuant to a non-brokered private placement (the “Offering”). An additional closing of the Offering may be completed for ...
Granite Oil Corp. Provides Dividend Update CALGARY, Alberta, Dec. 06, 2018 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX: GXO) (OTCQX: GXOCF) provides an update to its dividend policy. From September 2018, the Canadian energy sector has faced unprecedented discounts for its crude products that have had major impacts on the industry, the province and the country. These discounts are a result of crude inventory builds related to American refinery maintenance shutdowns and Canada’s lack of access to international markets outside of the United States. More recently,...
Granite Oil Corp. Announces Monthly Dividend for November, 2018 CALGARY, Alberta, Nov. 22, 2018 (GLOBE NEWSWIRE) -- Granite Oil Corp. (“Granite”) (TSX:GXO; OTCQX:GXOCF) will pay a dividend of $0.01 per common share in cash on December 14, 2018, to shareholders of record on November 30, 2018. This dividend has been designated as an eligible dividend for Canadian income tax purposes. For further information, please contact Michael Kabanuk, President & CEO by telephone at (587) 349-9123, Devon Griffiths, COO, by telephone at (587) 349-9120, or Tyler Klatt, V.P. Exploration, by telephone at ...
Granite Oil Corp. Reports Third Quarter 2018 Financial Results CALGARY, Alberta, Nov. 12, 2018 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX: GXO) (OTCQX: GXOCF) is pleased to report its operating and unaudited financial results for the three months and nine months ended September 30, 2018. FINANCIAL AND OPERATING HIGHLIGHTS Three Months Ended September 30, Nine Months Ended September 30, 20182017 2018 2017 (000s, except per share amounts)($)($) ($) ($) FINANCIAL Oil and natural ...
Granite Oil Corp. Provides Operational and Dividend Update, and Exits the Previously Announced Strategic Alternatives Process CALGARY, Alberta, Oct. 30, 2018 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX: GXO) (OTCQX: GXOCF) provides an update on its dividend policy, the Strategic Alternative Review process (the “Process”) and its Credit Facility. Message to Shareholders From inception, Granite has been committed to providing long-term returns to shareholders. This has been reflected in the Company’s competitive dividend strategy, prioritization of capital effi...
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