False equivalence

GeoPark Announces Fourth Quarter 2022 Operational Update

Retrieved on: 
Thursday, January 19, 2023
Oil, Gas, Energy, Carbon footprint, Public expenditure, Mariposa, EBITDA, Asset, Oriente, Hydrocarbon, Natural gas, Barco, Geopark, Injury, Certification, Adjustment, Share repurchase, Mirador, Platanillo, Gachetá, False equivalence, Airline, Renewable energy, Petroleum, Explosive, Ridesharing company

Production in 4Q2022 was affected by 15 days of localized blockades that impacted production and operations in the Llanos basin, combined with failures in electric submersible pumps in 12 wells since September 2022.

Key Points: 
  • Production in 4Q2022 was affected by 15 days of localized blockades that impacted production and operations in the Llanos basin, combined with failures in electric submersible pumps in 12 wells since September 2022.
  • Further testing activities are planned to continue in 1Q2023
    Llanos 94 Block (GeoPark non-operated, 50% WI)
    Humea 1 exploration well was spudded in October 2022 and reached a total depth of 11,350 feet.
  • Since late December 2022, net gas production in the Manati gas field has been reduced to 600-1,000 boepd.
  • GeoPark plans to release its 2022 year-end independent reserves certification by the end of January 2023 or early February 2023.

GeoPark Announces Third Quarter 2022 Operational Update

Retrieved on: 
Thursday, October 20, 2022
Oil, Gas, Energy, U.S. Securities and Exchange Commission, Congress, SEC, Webcast, Income tax, Rhode Island Works Program, Conference, Llanos, Natural gas, False equivalence, Yin, Ministry of Mines and Energy, Hydrocarbon, Alea, Carbon, Platanillo, Oriente, Geopark, Company, M1, Adjustment, Ministry, Napo, Public expenditure, Date, Forward-looking statement, Conference call, Airline, Fossil fuel, Renewable energy, Petroleum, Potash, Oil, Uranium, Risk management, Jandaya parakeet

The production mix was 84% natural gas (vs 88% in 3Q2021) and 16% light oil (vs 12% in 3Q2021).

Key Points: 
  • The production mix was 84% natural gas (vs 88% in 3Q2021) and 16% light oil (vs 12% in 3Q2021).
  • Production in Manati was temporarily interrupted for 7 days in September 2022 due to lower gas demand.
  • Drilled the Pashuri 1 exploration well that reached total depth in October 2022.
  • 4 Calculated using GeoParks average market capitalization from July 1 to October 18, 2022.

Alvopetro Energy Ltd. Invites You to Join Us at the Schachter Catch the Energy Conference in Calgary

Retrieved on: 
Wednesday, October 12, 2022
Interest, International Renewable Energy Conference, Conference, Natural gas, False equivalence, Acquisition, TSX Venture Exchange, OTCQX, Chief executive officer, Nightclub, Petroleum

Calgary, Alberta--(Newsfile Corp. - October 12, 2022) - Alvopetro Energy Ltd. (TSXV: ALV) will be participating in the Schachter Catch the Energy Conference, which will take place on Saturday, October 22nd at Calgary Mount Royal University.

Key Points: 
  • Calgary, Alberta--(Newsfile Corp. - October 12, 2022) - Alvopetro Energy Ltd. (TSXV: ALV) will be participating in the Schachter Catch the Energy Conference, which will take place on Saturday, October 22nd at Calgary Mount Royal University.
  • Members of the Alvopetro Energy Ltd. management team will be available at their exhibitor booth for more information throughout the day.
  • Alvopetro is engaged in the exploration for and the acquisition, development and production of natural gas and oil in Brazil.
  • The intent of the conference is to provide attendees with the information they need to make smart investment choices.

GeoPark Announces Second Quarter 2022 Operational Update

Retrieved on: 
Thursday, July 21, 2022
Oil, Gas, Energy, Acquisition, Congress, Carbon, Canté, Date, Platanillo, U.S. Securities and Exchange Commission, Llanos, Ministry of Mines and Energy, Forward-looking statement, SEC, Conference call, Government, Mirador, Conference, Webcast, Ministry, False equivalence, Oriente, ANH, Company, Hydrocarbon, Income tax, Geopark, Natural gas, Adjustment, Yin, Public expenditure, Airline, Animal, Renewable energy, Petroleum, Oil, Uranium, Potash, Broadcasting, Jandaya parakeet

The Company recently obtained environmental license approval and civil works are currently underway, targeting to spud the Pashuri 1 exploration well in September 2022.

Key Points: 
  • The Company recently obtained environmental license approval and civil works are currently underway, targeting to spud the Pashuri 1 exploration well in September 2022.
  • In conjunction with the 2Q2022 results press release, GeoPark management will host a conference call on August 11, 2022 at 10:00 am (Eastern Daylight Time) to discuss the 2Q2022 financial results.
  • 2 Based on latest available information on Colombias oil production per field during May 2022, as published by the ANH.
  • 8 $3.0 million acquired in 1Q2022 and $10.6 million acquired from April 1, 2022, to July 19, 2022.

Scout Energy Partners Adopts ProStar’s Solution To Precisely Map and Manage Its Energy Infrastructure

Retrieved on: 
Tuesday, May 24, 2022
Company, COO, SUE, SLA, False equivalence, Subsurface utility engineering, Fortune 500, Pointman, Method, Vasa, Industry, Software, Data collection, Government, Safety, Technology, GPS, FSE, Adoption, Federation of State Medical Boards, Software as a service, MasterCraft, GLOBE, CEO, Satellite navigation device, Surveying, Scout, Service

Scout Energy Partners is a private energy producer based in Dallas TX.

Key Points: 
  • Scout Energy Partners is a private energy producer based in Dallas TX.
  • Scout focuses on acquiring, operating, and improving upstream energy assets and associated midstream energy infrastructure.
  • "We are starting to see increased adoption of our solution in a wide variety of verticals," stated Page Tucker, CEO of ProStar.
  • On behalf of the Company,
    Page on sales / corporate news releases, CEO and Director
    Vasa on technical update news releases, COO and Director

Prospera Energy Inc. Announces Corporate Update

Retrieved on: 
Thursday, April 28, 2022
FRA, ESG, Permeability, Program, CEO, TSX, Director, Pressure, Economics, API, GLOBE, OOIP, Frack Off, PEI, Saskatchewan Oil & Gas Corporation, Growth, OTC, Drainage, RADIUS, Mission statement, Acquisition, Oportunidades, Convertible bond, Barrel, GXE, CNOOC Petroleum North America ULC, Cona, Board, EV, Industry, Universal Life Church, False equivalence, LOI, 3D, Equity, Maintenance, Oil, High-performance plastics, Risk management, Natural gas, Gear

CALGARY, Alberta, April 28, 2022 (GLOBE NEWSWIRE) -- Prospera Energy Inc (TSX.V: PEI, OTC: GXRFF, FRA: OF6B) (PEI) is pleased to provide its shareholders with the following corporate update summarizing the significant milestones achieved over the past 1.3 years.

Key Points: 
  • CALGARY, Alberta, April 28, 2022 (GLOBE NEWSWIRE) -- Prospera Energy Inc (TSX.V: PEI, OTC: GXRFF, FRA: OF6B) (PEI) is pleased to provide its shareholders with the following corporate update summarizing the significant milestones achieved over the past 1.3 years.
  • In 2018, these three assets were divested to a junior company, Prospera Energy (Georox Resources), and various joint venture partners.
  • Prospera is a public oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in Western Canada.
  • Prospera will use its experience to develop, acquire and drill assets with potential for primary and secondary recovery.

Prospera Energy Inc. Corporate Update

Retrieved on: 
Thursday, April 28, 2022
FRA, ESG, Permeability, Program, CEO, TSX, Director, Pressure, Economics, API, GLOBE, OOIP, Frack Off, PEI, Saskatchewan Oil & Gas Corporation, Growth, OTC, Drainage, RADIUS, Mission statement, Acquisition, Oportunidades, Convertible bond, Barrel, GXE, CNOOC Petroleum North America ULC, Cona, Board, EV, Industry, Universal Life Church, False equivalence, LOI, 3D, Equity, Maintenance, Oil, High-performance plastics, Risk management, Natural gas, Recycling, Gear

CALGARY, Alberta, April 27, 2022 (GLOBE NEWSWIRE) -- Prospera Energy Inc (TSX.V: PEI, OTC: GXRFF, FRA: OF6B) (PEI) is pleased to provide its shareholders with the following corporate update summarizing the significant milestones achieved over the past 1.3 years.

Key Points: 
  • CALGARY, Alberta, April 27, 2022 (GLOBE NEWSWIRE) -- Prospera Energy Inc (TSX.V: PEI, OTC: GXRFF, FRA: OF6B) (PEI) is pleased to provide its shareholders with the following corporate update summarizing the significant milestones achieved over the past 1.3 years.
  • In 2018, these three assets were divested to a junior company, Prospera Energy (Georox Resources), and various joint venture partners.
  • Prospera is a public oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in Western Canada.
  • Prospera will use its experience to develop, acquire and drill assets with potential for primary and secondary recovery.

GeoPark Announces First Quarter 2022 Operational Update

Retrieved on: 
Monday, April 11, 2022
Public Policy, Government, Energy, Oil, Gas, Natural gas, WI, Contract, Fell, Tui, Platanillo, Sucumbíos Province, False equivalence, Oriente, Urraca, Heidi Jauk, Acquisition, Airline, Printed circuit board, Internet service provider, Renewable energy, Oil, Online gambling, Geopark, Jandaya parakeet

Oil represented 89% and 86% of total reported production in 1Q2022 and 1Q2021, respectively.

Key Points: 
  • Oil represented 89% and 86% of total reported production in 1Q2022 and 1Q2021, respectively.
  • The production mix was 83% natural gas and 17% light oil in both 1Q2022 and 1Q2021.
  • Average net production in Brazil decreased by 9% to 1,815 boepd in 1Q2022 compared to 1,984 boepd in 1Q2021.
  • The Espejo and Perico blocks are attractive, low-risk exploration blocks located in the Sucumbios Province in the Oriente basin in northeastern Ecuador.

Maverick Natural Resources Acquires Permian Basin Producing Properties

Retrieved on: 
Friday, January 28, 2022
Oil, Gas, Energy, Environment, Data Management, Technology, Permian, Safety, Insurance, JPMorgan Chase, Citizens Bank, Chase Bank, Automation, EIG, Royal Bank of Canada, ConocoPhillips, Maverick, Acquisition, EBITDA, False equivalence, Nature, Foundation, Bank, Maverick, EIG, MAVERICK, EIG

Maverick Natural Resources (Maverick) announced today that it has entered into a definitive agreement to acquire certain producing properties in the Permian Basin from ConocoPhillips for a purchase price of $440 million, subject to customary adjustments, with an effective date of September 1, 2021.

Key Points: 
  • Maverick Natural Resources (Maverick) announced today that it has entered into a definitive agreement to acquire certain producing properties in the Permian Basin from ConocoPhillips for a purchase price of $440 million, subject to customary adjustments, with an effective date of September 1, 2021.
  • The assets to be acquired produced over 11,000 boepd (50% oil) from the Central Basin Platform and Northwest Shelf of the Permian Basin during September 2021.
  • Chris Heinson, Mavericks CEO, commented, This Permian acquisition expands the scale of Mavericks operations and provides high quality, oil-weighted drilling inventory.
  • Maverick specializes in the management of mature upstream assets through application of automation and data-science technology while focusing on safety, emissions, and environmental responsibility.

GeoPark Announces Fourth Quarter 2021 Operational Update

Retrieved on: 
Wednesday, January 19, 2022
Energy, Other Energy, Oil, Gas, WI, Geophysics, Natural gas, Adjustment, Government, Geopark, False equivalence, Jandaya parakeet, Platanillo, Company, Certification, Contract, Oriente, Maintenance, Acquisition, Lithium, Animal, Airline, Uranium, Petroleum, Oil, Online gambling, Petroleum

Compared to 4Q2020, oil and gas production decreased by 4%, resulting from lower production in Chile, Brazil, and Argentina.

Key Points: 
  • Compared to 4Q2020, oil and gas production decreased by 4%, resulting from lower production in Chile, Brazil, and Argentina.
  • Production and operations in the Platanillo block were affected from mid-October to early November 2021 due to community protests against the Government in the Putumayo basin.
  • GeoPark expects to complete the divestiture of the Aguada Baguales, El Porvenir and Puesto Touquet blocks in late January 2022.
  • GeoPark plans to release its 2021 year-end independent reserves certification before the end of January 2022.