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Friday, September 18, 2026

May 9, 2018

Elk Petroleum Continues to Grow Reserves and Production for Several Turns Below Average Costs

May 9, 2018

Elk Petroleum announces capital raise to fund low-cost growth Elk Petroleum (ASX: ELK) announced today that the company successfully completed a A$13.5 million (US$10.2 million) private capital raise which will help the company continue to reinvest in its low-cost, low-decline Aneth CO2 EOR assets that were purchased from Resolute Energy (ticker: REN). The company has identified a significant range of

Futures Curve with Severe Backwardation is Laughable: Papa

May 9, 2018

CDEV likes oil’s prospects and New Mexico well results Centennial Resource Development, Inc. (ticker: CDEV) reported a net income of $66.1 million, or $0.25 per share for Q1 2018. The company’s average daily net production was 54,069 BOEPD for the quarter. “We saw consistent well performance during the quarter, with the average well producing approximately 1,200 barrels of oil per

Gulfport Energy Doubles Stock Repurchase Plan After Buying Back $100 Million in Q1

May 9, 2018

Production guidance raised, predicts 22% yearly growth Gulfport Energy (ticker: GPOR) announced first quarter earnings today, showing net income of $90.1 million, or $0.50 per share. After excluding derivatives and other special charges, Gulfport earned $101.9 million this quarter, almost double the adjusted $52.9 million the company earned in Q1 2017. Gulfport produced about 1.29 Bcfe/d in Q1 2018, comprised

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