Day: March 25, 2020

LUXEMBURGO, March 25, 2020 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE, México: TS y MTA Italia: TEN) anunció hoy que, a la luz de la incertidumbre actual sobre el alcance y el momento de la futura propagación de COVID-19, la imposición o relajación de las medidas de protección adoptadas en respuesta a la pandemia y sus efectos en la industria energética en general y en los negocios de la Sociedad en particular, el consejo de administración ha resuelto posponer la asamblea general anual de accionistas de la Sociedad originalmente planeada para celebrarse en Luxemburgo el 30 de abril de 2020.La asamblea general anual de accionistas se convocará para el 2 de junio de 2020. El consejo de administración espera anunciar el 29 de abril de 2020 las propuestas que se someterán a la consideración de la asamblea, incluida su propuesta sobre dividendos....

This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release.CALGARY, Alberta, March 25, 2020 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision” or “the Company”) (TSX:PD; NYSE:PDS) announces that on March 24 it received formal notice of non-compliance with the New York Stock Exchange (the “NYSE”) share price continued listing standards, which require a listed common stock to maintain a minimum average closing price of US$1.00 per share for 30 consecutive trading days.Precision...

NEW YORK, March 25, 2020 (GLOBE NEWSWIRE) — Brooge Holdings Limited (NASDAQ: BROG) (“Brooge Holdings”) today announced that the Extraordinary General Meeting (the “Meeting”) of Brooge Holdings Limited, a Cayman Islands exempted company (the “Company”), will now be held at the BPGIC FZE Fujairah office building, Al Rugaylat Road, Fujairah, United Arab Emirates at 10:30 a.m. Eastern Time / 6:30 p.m. Gulf Standard Time on April 7, 2020.The Meeting cannot be held at the original time and location as a result of legal restrictions imposed in response to the coronavirus disease 2019 pandemic which will prevent a quorum from being present at the original time and location.Attendance at the Meeting will be limited to stockholders of record and beneficial owners who provide proof of beneficial ownership as of the record date, February...

HAMILTON, Bermuda, March 25, 2020 (GLOBE NEWSWIRE) — TransAtlantic Petroleum Ltd. (TSX: TNP) (NYSE American: TAT) (the “Company” or “TransAtlantic”) today announced its financial results for the quarter and year ended December 31, 2019 and provided an operations update. Additional information can be found on the Company’s website at http://www.transatlanticpetroleum.com.SummaryEstimated proved reserves as of December 31, 2019 were 10,670 thousand barrels of oil equivalent (“MBOE”), up 3% from 10,383 MBOE as of December 31, 2018. Estimated proved developed reserves as of December 31, 2019 were 6,004 MBOE, up 11% from 5,423 MBOE as of December 31, 2018. Estimated proved undeveloped reserves as of December 31, 2018 were 4,666 MBOE, down 6% from 4,960 MBOE as of December 31, 2018.Net loss in the fourth quarter of 2019 was $2.5 million,...

LAVAL, Québec, March 25, 2020 (GLOBE NEWSWIRE) — Savaria Corporation (“Savaria”) (TSX: SIS), one of the global leaders in the accessibility industry, is pleased to announce today its results for fiscal 2019.HighlightsRevenue for the year was $374.3M, up $88.3M, or 30.9%;Gross profit was $125.3M, up $31.9M, or 34.1%;Adjusted net earnings for the year were $26.8M, or $0.55 per share on a diluted basis, up 37.4% and 25.0%, respectively; Adjusted EBITDA was $55.6M, up $15.3M or 37.9%.A word from the President“Our results for fiscal 2019 were in line with our expectations as the four key metrics of revenue, gross profit, adjusted net earnings and adjusted EBITDA all grew more than 30% compared to last year. This is a strong indicator that everyone at Savaria worked hard to deliver these results,” declared Mr. Bourassa, President and...

LAVAL, Québec, 25 mars 2020 (GLOBE NEWSWIRE) — Savaria Corporation (« Savaria ») (TSX : SIS), un des chefs de file mondiaux de l’industrie de l’accessibilité, divulgue aujourd’hui les résultats de son exercice 2019.Faits saillants de l’année 2019Revenus de 374,3 M $, en hausse de 88,3 M $ ou 30,9 %;Marge brute de 125,3 M $, en hausse de 31,9 M $ ou 34,1 %;Résultat net ajusté de 26,8 M $, ou 0,55$ par action sur une base diluée, en hausse de 37,4 % et 25,0 % respectivement;BAIIA ajusté de 55,6 M $, en hausse de 15,3 M $ ou 37,9 %.Mot du Président« Nos résultats pour l’exercice 2019 ont été conformes à nos attentes alors que nos quatre indicateurs clefs, les revenus, la marge brute, le résultat net ajusté et le BAIIA ajusté, ont tous augmenté de plus de 30 % par rapport à l’exercice précédent. Ceci démontre...

EDMONTON, Alberta, March 25, 2020 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD) and Melcor Real Estate Investment Trust (TSX: MR.UN) today announced a number of the measures taken in response to unprecedented economic challenges brought about by the COVID-19 global pandemic and the drastic drop in the price of Alberta oil.To respond to this pressure, Melcor and the REIT have and are implementing a number programs and initiatives, including:47% reduction to the REIT’s April distribution, announced March 20, 202017% reduction to Melcor’s dividend announced March 11, 2020Board remuneration reduction for both companiesWage roll-back for named executive officers and management committee membersTemporary lay-off notices given to approximately 25% of full-time staffReduction in remuneration for all remaining staffDeferred all...

HOUSTON, March 25, 2020 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today provided an update on the successful completion of its 2019/2020 drilling program as well as an operational update.HighlightsSuccessfully completed the South East Etame 4H development well including approximately 750 feet of horizontal section in the Gamba reservoir;Brought the South East Etame 4H well onto production on March 21, 2020 at an initial flow rate of approximately 2,200 gross barrels of oil per day (“BOPD”), 600 BOPD net revenue interest (“NRI”) to VAALCO;Commenced workover of the South East Etame 2H well to replace the electric submersible pumps (“ESPs”) and expects to restore production around the end of March; andTo date, operations have not been materially disrupted by current worldwide COVID-19...

TORONTO, March 25, 2020 (GLOBE NEWSWIRE) — Ascendant Resources Inc. (TSX: ASND) (“Ascendant” or the “Company”) is postponing the reporting of its fourth quarter and full year 2019 results, associated filings, its Annual Information Form, and the conference call scheduled for March 26, 2020 due to logistics caused by the COVID-19. The Company will report results as soon as possible and is afforded the postponement by a 45-day extension announced by the Ontario Securities Commission under the “Ontario Instrument 51-502”, dated March 23, 2020.Recent global events pertaining to COVID-19 has impacted the Company and its consultant’s ability to rely on timely information for its financial reporting obligations.Ensuring a safe and healthy working environment for our workforce is a primary focus for Ascendant and we continue...