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TORONTO, March 06, 2020 (GLOBE NEWSWIRE) -- 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 Ac...
International Petroleum Corporation ( IPCFF ) continued its roll as a consolidator by offering to acquire Granite Oil ( GXOCF ). Granite Oil was a conservatively run company that managed to stay ahead of the large oil price decline by decreasing operation costs. But the reservoir challenges pr...
The acquisition by International Petroleum Corporation ( IPCFF ) of Granite Oil ( GXOCF ) should come as no surprise. The latest reserve report showed a substantial amount of capital investment needed for a company this size and the company did not have the cash flow to support that kind of ...
International Petroleum Corporation ( OTC:IPCFF ) announced this week it entered into an agreement to acquire the Canadian medium oil producer Granite Oil ( OTCQX:GXOCF ). Given International Petroleum's strategy, this third acquisition in three years should not surprise investors. Grani...
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 Associa...
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 ...
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 credi...
Granite Oil ( OTCQX:GXOCF ): Q3 FFO of $0.08. Revenue of $9.54M (-25.0% Y/Y) Press Release More news on: Granite Oil Corp., Earnings news and commentary, Energy stocks news, ,
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. FINANCIA L AN...
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,...
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TORONTO, March 06, 2020 (GLOBE NEWSWIRE) -- 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 Ac...
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 Associa...
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 ...