On Wednesday, in the course of current trade, Shares of Triangle Petroleum Corporation (NYSEMKT:TPLM), climbed 1.97%, and is now trading at $ 5.1701.
Triangle Petroleum Corporation provides an operational update and reports its first quarter fiscal year 2016 financial results for the three-month period ended April 30, 2015.
First Quarter Highlights for Fiscal Year 2016 (ended April 30, 2015)
- Quarterly production volumes of ~1,226 Mboe (13,775 Boepd)
- Increasing full fiscal year 2016 production guidance to a range of 11,500-13,500 Boepd
- No change to formerly issued capital expenditure guidance
- Further enhances to production guidance will be considered as fiscal year 2016 progresses
- Triangle USA Petroleum (“TUSA”) driving continued reduction in drilling and completion costs
- Leading edge AFEs $7.3 million as of May 2015
- Merged cash flow from operations (before working capital changes) of $31.4 million, or $0.42 per fully diluted share; Operating cash flow of $39.3 million
- 23% quarter over quarter decrease in merged cash general and administrative expenses
- Merged adjusted revenue of $137.8 million counting $19.5 million of cash receipts from hedge settlements
- Merged adjusted-EBITDA of $38.8 million
- $305.0 million of total liquidity as of April 30, 2015, counting $50.3 million of cash on hand and accessible borrowing capacity on the TUSA and RockPile Energy Services (“RockPile”) credit facilities
- RockPile’s estimated share of Williston Basin completion activity raised to about 15%, up from about 5% in Q1 fiscal 2015
- Accomplished record number of wells in quarter counting 50 for third parties and 5 for TUSA
- RockPile generated over $5 million of stand-alone EBITDA in the month of April
- Accomplished 730 stages, which is 40% more stages than the previous single month record
- Caliber Midstream Phase I and Phase II system for Triangle complete and fully operational
- Proactively amended TUSA’s existing senior credit facility and modified certain covenants to further enhance TUSA’s financial flexibility
Triangle Petroleum Corporation, an independent energy company, explores for, develops, and produces oil and natural gas resources primarily in the Bakken Shale and Three Forks formations in the Williston Basin of North Dakota and Montana. The company operates through Exploration and Production, and Oilfield Services segments. As of January 31, 2015, it held leasehold interests in about 126,037 net acres in the Williston Basin of North Dakota and Montana.
During an Afternoon trade, Shares of Hercules Offshore, Inc. (NASDAQ:HERO), climbed 3.01%, and is now trading at $ 0.72.
Hercules Offshore, declared that it received a notice from Saudi Aramco withdrawing the formerly issued notice of termination with respect to the contract for the Hercules 261 and declaring that all terms and conditions of the contract remain in full force and effect for the remainder of the five-year term of the contract. Notwithstanding the receipt of the withdrawal of the termination notice for the Hercules 261, the dayrates on this rig, the Hercules 262 and the Hercules 266, which are also under contract with Saudi Aramco, are predictable to be significantly reduced to bring such dayrates in line with current market rates for similarly-classed rigs in the region. We disclaim any obligation to update this information except as required by applicable rules and regulations.
Hercules Offshore, Inc., together with its auxiliaries, provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry worldwide. The company operates through Domestic Offshore, International Offshore, and International Liftboats segments.
Shares of Electronic Arts Inc. (NASDAQ:EA), during its Wednesday’s current trading session raised 1.23%, and is now trading at $ 62.55.
Electronic Arts revealed Russell Westbrook as the cover athlete for NBA LIVE 16. Westbrook, the Oklahoma City Thunder point guard, is a decorated NBA star and one of the most versatile and explosive players in the league, demonstrated by his 11 triple-doubles this season, seven more than the next closest player. Westbrook is a four-time All-Star, and was named the 2015 All-Star Game MVP. He was also the NBA Scoring Champion after the 2014 season, and has won two gold medals as part of the US National Team, once during the 2010 FIBA World Championship and again in the 2012 Olympics.
“Russell Westbrook is a player who can do it all, and we can’t imagine a better fit for the cover of NBA LIVE 16,” said EA SPORTS VP of Marketing Anthony Stevenson. “NBA LIVE 16 is all about self-expression, and who better embodies that than Westbrook, both on and off the court? Russell plays every game like he has something to prove. Our team is building NBA LIVE the exact same way, so we’re thrilled to have him as an ambassador for our game.”
Electronic Arts Inc. develops, markets, publishes, and distributes game software content and online services for video game consoles, Internet-connected consoles, personal computers, mobile phones, and tablets worldwide. The company operates through EA Studios, EA Mobile, and Maxis divisions.
Finally, Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), gained 0.01% Wednesday, hitting its highest level.
Yingli Green Energy, declared that it has supplied 1.1 megawatts (MW) of solar panels for Venezuela’s largest solar project, a hybrid solar-diesel power plant located in Los Roques. The 1.1 MW solar farm was developed, engineered, and constructed by Consorcio Energias Limpias Alternativas Venezolanas (CELAV). Vico Export Solar Energy, a major regional solar product distributor, offered logistical and operational support for equipment procurement.
This power plant is Yingli’s first large-scale project in Venezuela: until recently, the Venezuelan market was concentrated in off-grid systems of 25 kilowatts (kW) and smaller, typically located in isolated regions. As the country’s inaugural PV power plant, it contains more than 4,400 multicrystalline YGE Series solar panels. They are predictable to generate over 1,400 megawatt-hours (MWh) per year, which is enough energy to power over 400 typical Venezuelan homes. The system began operating in May 2015.
Yingli Green Energy Holding Company Limited, together with its auxiliaries, designs, develops, markets, manufactures, sells, and installs photovoltaic (PV) products in the Peoples Republic of China and internationally.
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