Calvalley confirms that it is aware of the announcement by DNO International that DNO intends to make an unsolicited offer for all of the outstanding Class A common shares of Calvalley at a price of $2.30 per Class A common share. Calvalley advises shareholders not to take any action until further notice. Board of Directors of Calvalley, consistent [...]
Calvalley has received from one of its partners a Notice of Material Terms and Conditions that sets forth the provisions under which such partner intends to dispose of its 25% working interest in Block 9, Republic of Yemen to a third party. Pursuant to the provisions of the Production Sharing Agreement, any party has the right, subject to the [...]
Calvalley provides the following update for shareholders. The Company is pleased to report the resumption of drilling activity on Block 9 with the spud of its first development well, Ras Nowmah 5, on June 30, 2012. Over recent weeks Calvalley has been arranging for mobilization of a drilling crew to operate one of the two drilling rigs that are [...]
Earnings increased to $0.08 per share ($7.1 million) in the first quarter of 2012, double the $0.04 per share ($4.1 million) in the first quarter of 2011 on a per share basis. This increase in quarterly per share earnings can be directly attributed to the increase in crude oil shipments which occurred during the first quarter representing a net [...]
Calvalley announces that the ASC issued an Amended Notice of Hearing on May 10, 2012 amending the previous Notice of Hearing issued against the Company, Memet Kont and Kevin MacArthur that alleged a breach of section 147 of the Securities Act constituting conduct contrary to the public interest. The Amended Notice of Hearing has named Edmund [...]
Calvalley at the request of Market Surveillance, on behalf of the Toronto Stock Exchange, wishes to issue a statement that the Company is not aware of any material undisclosed development that would explain the recent movement in the Company's share price. The Company announced on April 3, 2012 estimates of gross production volumes for the first [...]
Calvalley provides the following operations update. Optimization projects at the Hiswah field have increased crude oil production resulting in gross production volumes for the last five days of the quarter averaging approximately 5,800 bpd for Block 9. Production curtailments at Ras Nowmah for eleven days in March due to truck shipment security [...]
Calvalley has filed its annual information form on SEDAR. The annual information form includes information on the Company's reserves and other oil and gas information. Calvalley previously filed its audited financial statements and MD&A on March 8, 2012 and information relating to the independent evaluation of the Company's reserves on February 21 [...]
Calvalley has resumed crude oil shipments from its Block 9 central processing facility to the Company's truck off-loading facility at Block 51. Production operations at Hiswah and Ras Nowmah have returned to normal with production estimated in the 5,100 - 5,300 barrels per day range. Management priorities include resuming production in the Al [...]
Calvalley provides the following update for shareholders. Calvalley recently suspended crude oil shipments from its Block 9 central processing facility to the Company's truck off-loading facility at Block 51 due to problems encountered by the contractor engaged to truck crude oil to Block 51. Several of the contractor's truck units hauling [...]
Earnings increased to $0.11 per share ($10.5 million) in the fourth quarter of 2011 up 83 per cent from the $0.06 per share ($6.0 million) in the fourth quarter of 2010 and up 10 per cent from the record achieved in the third quarter of 2011. For the twelve month period ended December 31, 2011 earnings increased to $0.22 per share ($21.3 million [...]
+287,50 %
-44,44 %