|Bid||0.9400 x 0|
|Ask||0.9500 x 0|
|Day's Range||0.9400 - 0.9500|
|52 Week Range||0.4000 - 0.9500|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||6.76|
|Earnings Date||Aug. 10, 2020 - Aug. 14, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.75|
International Petroleum Corp. ("IPC") (TSX, Nasdaq Stockholm: IPCO) is pleased to announce the closing of the previously announced acquisition of Granite Oil Corp. (“Granite”) (TSX:GXO; OTCQX:GXOCF) (the "Acquisition"). The Acquisition includes total proved plus probable ("2P") reserves of 14.0 million barrels of oil equivalent (MMboe) and 6.2 MMboe of unrisked contingent resources (best estimate) as at December 31, 2019. The Acquisition is comprised of high netback, light oil producing assets in southern Alberta (the "Assets").
Presented the summary results of the independent reserves report prepared by Sproule Associates Limited ...
GRANITE OIL CORP. (“Granite” or the “Company”) (GXO.TO)(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 replaced its Proved Developed Producing (‘PDP’) oil reserves.