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Cision Canada
22 minutes ago
- Cision Canada
IT'S OFFICIAL CANADA - NESTEA® RTD IS HERE Français
MISSISSAUGA, ON, Aug. 7, 2025 /CNW/ - Just in time to join in on the summer fun, your thirst-quenching bes tea is available in a ready to drink format and is here to stay! From coast-to-coast, Nestea ® is hitting the shelves at participating grocery and convenience stores. "We're thrilled to bring Nestea ® in ready to drink format across the country." said Jean Gagnon, Vice President, Cold Beverages at Keurig Dr Pepper Canada (KDP Canada). "This beloved brand holds a special place in many hearts, and we're excited to carry that legacy forward with the quality and innovation Canadians expect from KDP." Available now at major grocery and convenience retailers across the country, including Loblaws, Walmart, Sobeys, Metro, IGA, Amazon, and more, Nestea ® RTD comes in four refreshing flavours: Lemon, Peach, Raspberry, and Lemon Zero Sugar. The beverages are offered in four popular formats: 355mL can, 473mL and 1.89L bottles, and a 10-pack of 200mL tetra packs. Canadian's can also enjoy Nestea ® when dining out or on the go, with availability in a variety of ready to drink and fountain formats at your favourite establishments. Retailers across Canada are preparing for strong consumer demand as Nestea ® rolls out in ready-to-drink format, supported by a high-impact national campaign. "Nestea ® in RTD format presents a strong opportunity to meet consumer demand and drive category growth," said Knolly Smith, Vice President of Sales at KDP Canada. "With excitement already building in market, we're working closely with our retail partners to ensure they're well positioned to capture the opportunity." KDP Canada is also supporting the launch with a 360-marketing campaign titled ''Nothing's Like Nestea ®,'' including digital and social OLV, OOH placements, in-store retail activations, PR support, influencer engagements and a comprehensive social media campaign. This campaign highlights the authentic love Canadians have for the brand, and the thirst-quenching love Nestea can deliver. Nestea ® fans in the GTA looking to find their bes tea are invited to visit the brand's activation taking place at the Toronto Eaton Centre on August 28-31 from 11 a.m. to 7 p.m. for a chance to sip on this iconic Canadian brand. Check out the new Canadian website as well as @NesteaCanada on Instagram and @Nestea_Ca on TikTok to stay in the know about Nestea ® in Canada. About Nestea ® Canada Since 1948, Nestea ® has been one of Canada's favourite iced tea brands, offering generations of Canadians real refreshment. Now part of the Keurig Dr Pepper Canada family, Nestea ® in the ready to drink format, will deliver flavourful, thirst-quenching cold beverages. Crafted with care and a commitment to quality, Nestea ® is made with real tea and natural flavours, making it the ideal choice for those who seek an honest, delicious escape from the ordinary. To learn more about Nestea ® Canada, visit About Keurig Dr Pepper Canada Keurig Dr Pepper Canada is a leading beverage company, with a portfolio of more than 70 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere. We hold leadership positions in categories including coffee, tea, soft drinks, juice and mixers, and have the #1 single serve coffee brewing system in the country. Our innovative partnership model builds emerging growth platforms in categories such as premium coffee, energy, sports hydration and non-alcoholic beer. Our iconic brands include Canada Dry ®, Van Houtte ®, Keurig ®, Crush ®, Dr Pepper ®, Mott's ® Clamato ®, Mott's ® Fruitsations ®, Timothy's ®, Atypique ®, Nestea ®, and Snapple ®. Driven by a purpose to Drink Well. Do Good., our 1,500 employees aim to enhance the experience of every beverage occasion and to make a positive impact for people, communities and the planet. For more information, visit and follow us on LinkedIn. To learn more about our commitment to corporate social responsibility, visit
National Post
22 minutes ago
- National Post
Mainstreet Delivers 15th Straight Quarter of Double-Digit Growth Amid Economic Uncertainty
Article content CALGARY, Alberta — Mainstreet Equity Corp. (TSX: MEQ) today announced its 15th consecutive quarter of double-digit year-over-year growth, reinforcing the strength and resilience of its business model amidst ongoing global economic uncertainty. Funds from operations ('FFO') increased 10%, while net operating income ('NOI') increased 16% and rental revenues grew 10%. Same asset NOI rose 12% while revenues on a same-asset basis grew 6%. Operating margins increased from 63.9% in Q3 2024 to 67.5% in Q3 2025, and from 64.5% to 67.9% on the same asset properties over the same period. Article content 'Despite persistent uncertainty—from global trade disruptions to changing policies—Mainstreet has continued to perform and grow,' said Bob Dhillon, Founder and CEO of Mainstreet Equity Corp. 'Our long-standing strategy of acquiring and revitalizing undervalued and underperforming mid-market rental assets has created a consistent pattern of non-dilutive growth. While we kept our powder relatively dry in the first two quarters, MEQ is ready to unleash $815 million of liquidity to generate a new wave of counter-cyclical growth going into 2026. Our goal is to turn today's uncertainty into tomorrow's opportunity—just as we've done for the past 25 years.' Article content Article content The Mainstreet Mission: We believe the current operating environment, including continued uncertainty stemming from global trade, economic headwinds, and immigration policy, presents an opportunity for accelerated acquisitions throughout the end of the year and fiscal 2026, potentially paving the way for another new phase of counter-cyclical growth at Mainstreet. Article content As always, we remain passionately committed to our role as a crucial provider of quality, affordable homes for Canadians, offering renovated apartments and customer services at an average mid-market rental rate of $1250. Article content Key Metrics | Q3 2025 Performance Highlights Rental Revenue From operations Up 10% to $69.7 million (vs. $63.3 million in Q3 2024) From same asset properties Up 6% to $64.2 million (vs. $60.6 million in Q3 2024) Net Operating Income (NOI) From operations Up 16% to $47.0 million (vs. $40.5 million in Q3 2024) From same asset properties Up 12% to $43.6 million (vs. $39.1 million in Q3 2024) Funds from operations (FFO) 1 FFO-before current income tax Up 17% to $27.5 million (vs. $23.5 million in Q3 2024) FFO per basic share-before current income tax Up 17% to $2.95 (vs. $2.52 in Q3 2024) FFO-after current income tax Up 10% to $24.3 million (vs. $22.1 million in Q3 2024) FFO per basic share-after current income tax Up 10% to $2.61 (vs. $2.37 in Q3 2024) Operating Margin From operations 67.5% (vs. 63.9% in Q3 2024) From same asset properties 67.9% (vs. 64.5% in Q3 2024) Unstabilization rate 12% (providing potential for future NOI growth) Stabilized Units 434 properties (16,390 units, 12%) out of 482 properties (18,634 units) Net Profit Net profit per basic share Net profit of $46.6 million (vs. Net profit of $35.3 million in Q3 2024, including change in fair value of $29.6 million in Q3 2025 vs. $19.5 million in Q3 2024) Total Capital Expenditures $8.1 million (vs. $6.2 million in Q3 2024) Total Capital Expenditure (unstablized assets) $2.0 million (vs. $1.0 million in Q3 2024) Total Capital Expenditure (stablized assets) $6.1 million (vs. $5.3 million in Q3 2024) Vacancy rate From operations 5.0% (vs. 2.8% in Q3 2024) From same asset properties 4.9% (vs. 2.8% in Q3 2024) Vacancy rate as of August 7, 2025 4.4% excluding unrentable units Total Acquisition During Q3 2025 $15.5 million for 183 units (vs. $91.6 million for 632 units in Q3 2024) Subsequent to Q3 2025 87 unit ($14.9 million, $171,000 per suite) in Alberta and BC Total YTD Acquisition 2025 387 unit ($49.2 million) Total Units As of June 30, 2025 18,684 units 2 As of August 7, 2025 18,771 units 3 Fair Market Value Up 2% to $3.6 billion (vs. $3.4 billion in 2024) Liquidity Position FY2025 $815 million 4 (1) See 'Non-IFRS Measures' and Note (1) in MANAGEMENT'S DISCUSSION AND ANALYSIS to the table titled 'Summary of Financial Results' for additional information regarding FFO and a reconciliation of FFO to net profit, the most directly comparable IFRS measurement. (2) Include 50 units held for sale (3) Include 50 units held for sale (4) Including $216 million cash-on-hand, $105 million being estimated funds in Q4 2025, $364 million estimated funds that may be available through financing of clear titled assets, and $130 million available through lines of credits which will be renewed upon expiry Article content Business Strategy Article content The Q3 results once again demonstrate the ongoing and proven success of the MEQ business model, regardless of the economic conditions, backed by consistent growth since MEQ first listed on the TSX. The Mainstreet model focuses on delivering critical housing spaces needed in mid-market rentals (average $1250 rent), with a focus on value-added renovations in existing, but underperforming, assets across Western Canada as opposed to costly and risky new builds. Article content This focus, supported through stable market fundamentals, is backed by steady demand for mid-market rental units across urban centres in Western Canada, driven by our product's affordability, accessibility to inner city millennials, students, and new Canadians, and continues to deliver significant shareholder returns even in the face of broader economic uncertainty. Article content We believe that Mainstreet's key strengths are: Article content Growth without Dilution: MEQ continues 100% organic, non-dilutive growth. Highly affordable rent: MEQ's mid-market rental focus creates opportunities for a significant population across Canada who need housing options. This market focus ensures stable demand despite persistent economic uncertainty, as more than 60% of Canadians make less than $50,000 annually. Portfolio Diversity: Mainstreet's presence in four provinces, with a year-to-date number of 18,771 units across its footprint, is insulated from regional swings and local trends. Article content Challenges Article content Canada's – and the global – economic outlook continues to be impacted by persistent uncertainty. Article content International Students, Immigration, and International Workers Article content Following the recent federal election, temporary reductions in immigration numbers –including international students – have been implemented for two years. This federally driven reduction could have impacts on rental demand in certain markets; however, we believe that current rates of newcomers, both students and conventional immigrants, still outpace market supply. CMHC data demonstrates vacancy rates are below 4% in the Western Canadian market, with Alberta seeing the highest at 3.4%, followed by Saskatchewan at 2.7%. Both Manitoba (1.7%) and B.C. (1.9%) remain below 2%, which is notable as B.C. represents 42% of Mainstreet's asset value. CMHC data suggests that while some markets are less attractive than they were several quarters back, demand remains high, especially within Mainstreet's target market. Article content Ultimately, this policy change could lead to a reduction in demand and impact rental rates, if trends continue over the longer term. However, with the current housing crisis, mid-market rates, and mid-market spaces trading below replacement costs, restricting new supply in that space, coupled with continued population trends, it is unlikely to significantly impact MEQ's market position. Immigration numbers remain high, and hundreds of thousands of newcomers and students are expected to move to Canada every year, likely ensuring MEQ's proven business model will continue to insulate shareholder value. For example, permanent resident numbers seem to be intact. (Q1 2025, 104,256 immigrants moved to Canada according to Statistics Canada) Article content Supply Article content Canada's rental market continues to see new builds and additions to the available rental stock. While these new units are predominantly in the high-end of market prices, a glut in supply will have consequences for mid-market units as vacancies drive rents lower across the board. While this impact will not be immediate for a vast majority of MEQ's properties, it nonetheless deserves attention as the repercussions across Canada's rental market will be impacted by a continuing expansion in supply. Article content Outlook Article content In Q3, we continued to navigate the challenges and headwinds that have persisted since the beginning of 2025—conditions for which we were well prepared. Our trigger-ready liquidity and resilient business model are ready to build on Mainstreet's proven pattern of turning challenges into opportunities for 25 years. Our team stands ready to deploy a wave of counter-cyclical investment, reinforcing our commitment to creating long-term shareholder value. Article content Trends continue to point to population growth within Alberta specifically (+138,136 in 2024/25) and Western Canada more generally (+233,085 in 2024/25), according to Statistics Canada. With the continued economic opportunity and lower tax rate of Alberta—and affordability more generally across Saskatchewan and Western Canada—it is expected Canadians will continue to move to the west. Article content This could be accelerated through the federal government's new focus on nation-building projects, including projects in Alberta's energy and mining sector. Unleashed economic potential, through fledgling initiatives like a national energy corridor, could spur an even greater focus on the economic opportunity in Alberta, creating additional incentives for Canadians to move to Western Canada. Article content Continued economic uncertainty and lingering concerns regarding inflation, may result in the Bank of Canada maintaining current interest rates or potentially even lowering them in the future. Any decrease in interest rate would have a meaningful impact for MEQ as interest on debt holdings is the largest cost pressure Mainstreet faces. Article content In addition, the demise of the federal consumer carbon tax has led to an overall reduction in costs to the bottom line. Article content Ready to Unleash Growth Article content Mainstreet continues to focus on growing our already sizable footprint within Western Canada, adding 387 units this year despite the pause on acquisitions for the first three quarters. Article content Runway Article content 1. Expanding our portfolio: Using our liquidity position, estimated at $815 million, we believe there is significant opportunity to continue acquiring underperforming assets at attractive valuations. Article content 2. Closing the NOI gap: As of Q3 2025, 12% of Mainstreet's portfolio was going through the stabilization process due largely to high levels of add-value acquisitions. Our management team believes vacancy rates, NOI and FFO will be meaningfully improved as we continue to stabilize units. In the BC market alone, we estimate that the potential upside based on an estimated average monthly mark-to-market gaps for NOI growth is approximately $28 million. Alberta and Saskatchewan markets also have substantial room for mark-to-market catch up. Article content 3. Creating value from existing footprints: We continue to explore opportunities to create larger returns from existing Mainstreet properties through municipalities that have eased zoning restrictions, through subdivisions and optimized residual space. The three-point plan to accomplish this is: Article content Turning unused or residual space within existing buildings into new units (YTD 55 additional units created) Exploring zoning and density relaxations to potentially build new capacity within existing footprint Subdividing residual lands which created more clear title assets on our balance sheet (See page 10 of Q3 2025 report for leger of developable vacant land) Article content 4. Buying back shares: Mainstreet is prepared to buy back shares under our existing NCIB on an opportunistic basis when Mainstreet shares are trading below NAV, to further increase shareholder value. Article content Forward-Looking Information Article content Certain statements contained herein constitute 'forward-looking statements' as such term is used in applicable Canadian securities laws. These statements relate to analysis and other information based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. In particular, statements concerning estimates related to future acquisitions, dispositions and capital expenditures, increase or reduction of vacancy rates, increase or decrease of rental rates and rental revenue, future income and profitability, timing of refinancing of debt and completion, timing and costs of renovations, increased or decreased funds from operations and cash flow, the Corporation's liquidity and financial capacity, improved rental conditions, future environmental impact the Corporation's goals and the steps it will take to achieve them the Corporation's anticipated funding sources to meet various operating and capital obligations and other factors and events described in this document should be viewed as forward-looking statements to the extent that they involve estimates thereof. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions of future events or performance (often, but not always, using such words or phrases as 'expects' or 'does not expect', 'is expected', 'anticipates' or 'does not anticipate', 'plans', 'estimates' or 'intends', or stating that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved) are not statements of historical fact and should be viewed as forward-looking statements. Article content Such forward-looking statements are not guarantees of future events or performance and by their nature involve known and unknown risks, uncertainties and other factors, including those risks described in the Corporation's AIF, dated December 5, 2024 under the heading 'Risk Factors', that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the effect of inflation on consumers and tenants, the effect of rising mortgage and interest rates on the Corporation, including its financing costs, challenges related to up-financing maturing mortgages or financing of clear titled assets after stabilization, disruptions in global supply chains, labour shortages, the length and severity of geopolitical conflict and the occurrence of additional global turmoil and its effects on global markets and supply chains, changes in government policies regarding immigration and international students, cyber-incidents Corporation (including the effect of the cybersecurity incident which occurred on May 2, 2024), costs and timing of the development or renovation of existing properties, availability of capital to fund stabilization programs, other issues associated with the real estate industry including availability of labour and costs of renovations, supply chain issues, fluctuations in vacancy rates, general economic conditions, trade policies and tensions, including changes in, or the imposition of tariffs and/or trade barriers and the economic impacts, volatility and uncertainty resulting therefrom, competition for tenants, unoccupied units during renovations, rent control, fluctuations in utility and energy costs, carbon tax increases, environmental and other liabilities, effects of climate change, credit risks of tenants, availability of capital, changes in legislation and regulatory regime applicable to the corporation, loss of key personnel, a failure to realise the benefit of acquisitions and/or renovations, the effects of severe weather events on the Corporation's properties, climate change, public health measures (including travel and post-secondary restrictions), uninsured losses, fluctuations in the capital markets and the trading price of the Common Shares, conflicts of interest of the Corporation's directors and officers, and other such business risks as discussed herein. This is not an exhaustive list of the factors that may affect Mainstreet's forward-looking statements. Other risks and uncertainties not presently known to the Corporation could also cause actual results or events to differ materially from those expressed in its forward-looking statements. Article content Forward-looking statements are based on management's beliefs, estimates and opinions on the date the statements are made, and the Corporation undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions should change except as required by applicable securities laws. Article content Management closely monitors factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements and will update those forward-looking statements where appropriate in its annual and quarterly financial reports. Article content Certain information set out herein may be considered as 'financial outlook' within the meaning of applicable securities laws. The purpose of this financial outlook is to provide readers with disclosure regarding the Corporations reasonable expectations as to the anticipated results of its proposed business activities for the periods indicated. Readers are cautioned that the financial outlook may not be appropriate for other purposes. Article content Article content Article content Article content Article content Contacts Article content
National Post
22 minutes ago
- National Post
Kolibri Global Energy Inc. Announces Operations Update
Article content THOUSAND OAKS, Calif. — Kolibri Global Energy Inc. (the ' Company ' or ' Kolibri ') (TSX: KEI, NASDAQ: KGEI) is pleased to provide an operations update on its latest wells in its Tishomingo field in Oklahoma. Article content Article content The Lovina 9-16-1H, Lovina 9-16-2H, Lovina 9-16-3H, and Lovina 9-16-4H wells (all 100% working interest) have been successfully fracture stimulated and have been flowing back the fracture stimulation fluid through a conservative controlled flowback, and are in various stages of frack fluid recovery. While the wells are still cleaning up, they have been continuing to increase their production rates as more fracture stimulation fluid is recovered. For the last four days, the 1H well has been averaging 571 Barrels of oil equivalent per day ('BOEPD') with 473 Barrels of oil per day ('BOPD'), the 2H well has been averaging 643 BOEPD with 523 BOPD, the 3H well has been averaging 416 BOEPD, with 339 BOPD and the 4H has been averaging 322 BOEPD with 271 BOPD. The Lovina wells are producing much higher percentages of oil than many of our previously drilled wells. The higher oil percentage and the longer well lengths, with the controlled conservative flowback have led to a longer cleanup cycle compared to past Kolibri wells. Production tubing strings will be run in the wells starting next week, which previously led to significantly higher production rates in the offset well. Article content The Forguson 17-20-3H well has been successfully fracture stimulated and is anticipated to begin its flowback in the next few days. Kolibri is operator and has a 46% working interest in this well, which is testing the economics of our 3,000 acres located on the eastern side of our acreage. Article content A drilling rig is scheduled to move in on August 11, 2025, to begin drilling the Barnes 6-31-2H and Barnes 6-31-3H wells. These wells are planned to be 1.5-mile laterals, in which Kolibri has a 99.9% working interest. Once the drilling of both wells is complete, completion operations are planned to occur simultaneously with the two previously drilled Velin wells. Article content Wolf Regener, President and CEO, commented, 'We are thrilled about the high oil percentage of the Lovina wells, which we believe generally leads to higher netbacks for the Company and will lead to slower decline rates. We are also looking forward to seeing what the ultimate productivity of these wells will be. Article content The east side acreage, where the Forguson well is located and Kolibri has approximately 3,000 net acres, is not included in the December 31, 2024, reserve report. The Caney target for the Forguson well has very similar characteristics and thickness to the main part of the field in Kolibri's proved acreage, except that it is shallower. If the Forguson well proves to be economic, in addition to adding cash flow, it could lead to many additional development locations for the Company. Article content We are looking forward to the additional production and cash flow from all of these wells, which we expect will significantly increase the Company's cash flow and add incremental value to our shareholders.' Article content About Kolibri Global Energy Inc. Article content Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil and gas. Through various subsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical and operational expertise to identify and acquire additional projects in oil and gas. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the NASDAQ under the stock symbol KGEI. Article content Product Type Disclosure Article content This news release includes references to sales volumes of 'oil', 'natural gas', and 'barrels of oil equivalent' or 'BOEs'. 'Oil' refers to light crude oil and medium crude oil combined, and 'natural gas' refers to shale gas, in each case as defined by NI 51-101. Production from our wells, primarily disclosed in this news release in BOEs, consists of mainly oil and associated wet gas. The wet gas is delivered via gathering system and then pipelines to processing plants where it is treated and sold as natural gas and NGLs. Article content Cautionary Statements Article content In this news release and the Company's other public disclosure: The Company's natural gas production is reported in thousands of cubic feet ('Mcfs'). The Company also uses references to barrels ('Bbls') and barrels of oil equivalent ('Boes') to reflect natural gas liquids and oil production and sales. The references to Boes reflect natural gas, natural gas liquids and oil. Boes may be misleading, particularly if used in isolation. A Boe conversion ratio of 6 Mcf:1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value. Discounted and undiscounted net present value of future net revenues attributable to reserves do not represent fair market value. Possible reserves are those additional reserves that are less certain to be recovered than probable reserves. There is a 10% probability that the quantities actually recovered will equal or exceed the sum of proved plus probable plus possible reserves. Article content Readers should be aware that references to initial production rates and other short-term production rates are preliminary in nature and are not necessarily indicative of long-term performance or of ultimate recovery. Readers are referred to the full description of the results of the Company's December 31, 2024 independent reserves evaluation and other oil and gas information contained in its Form 51-101F1 Statement of Reserves Data and Other Oil and Gas Information for the year ended December 31, 2024, which the Company filed on SEDAR+ on March 13, 2025. Article content Certain statements contained in this news release constitute 'forward-looking information' as such term is used in applicable Canadian securities laws and 'forward-looking statements' within the meaning of United States securities laws (collectively, 'forward looking information'), including statements regarding the timing of and expected results from planned wells development, wells performing as anticipated, including anticipated increases in production, cash flow, higher netbacks, rates of return and efficiencies, statements regarding timing of flowback, that the Barnes 6-31-2H and Barnes 6-31-3H wells will be 1.5 mile laterals, statements regarding drilling and completion operations, and statements regarding additional development locations for the Company. Forward-looking information is based on plans and estimates of management and interpretations of data by the Company's technical team at the date the data is provided and is subject to several factors and assumptions of management, including that indications of early results are reasonably accurate predictors of the prospectiveness of the shale intervals, that required regulatory approvals will be available when required, that no unforeseen delays, unexpected geological or other effects, including flooding and extended interruptions due to inclement or hazardous weather conditions, equipment failures, permitting delays or labor or contract disputes are encountered, that the necessary labor and equipment will be obtained, that the development plans of the Company and its co-venturers will not change, that the offset operator's operations will proceed as expected by management, that the demand for oil and gas will be sustained, that the price of oil will be sustained or increase, that the gathering system issues will be resolved, that the Company will continue to be able to access sufficient capital through cash flow, debt, financings, farm-ins or other participation arrangements to maintain its projects, and that global economic conditions will not deteriorate in a manner that has an adverse impact on the Company's business, its ability to advance its business strategy and the industry as a whole. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions on which such forward looking information is based vary or prove to be invalid, including that the Company or its subsidiaries is not able for any reason to obtain and provide the information necessary to secure required approvals or that required regulatory approvals are otherwise not available when required, that unexpected geological results are encountered, that equipment failures, permitting delays, labor or contract disputes or shortages of equipment, labor or materials are encountered, the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration and development projects or capital expenditures; the uncertainty of reserve and resource estimates and projections relating to production, costs and expenses, and health, safety and environmental risks, including flooding and extended interruptions due to inclement or hazardous weather conditions), the risk of commodity price and foreign exchange rate fluctuations, that the offset operator's operations have unexpected adverse effects on the Company's operations, that completion techniques require further optimization, that production rates do not match the Company's assumptions, that very low or no production rates are achieved, that the gathering system operator doesn't get the issues resolved, that the price of oil will decline, that the Company is unable to access required capital, that occurrences such as those that are assumed will not occur, do in fact occur, and those conditions that are assumed will continue or improve, do not continue or improve, and the other risks and uncertainties applicable to exploration and development activities and the Company's business as set forth in the Company's management discussion and analysis and its annual information form, both of which are available for viewing under the Company's profile at Article content Article content , any of which could result in delays, cessation in planned work or loss of one or more leases and have an adverse effect on the Company and its financial condition. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law. Article content Caution Regarding Future-Oriented Financial Information and Financial Outlook Article content This news release may contain information deemed to be 'future-oriented financial information' or a 'financial outlook' (collectively, 'FOFI') within the meaning of applicable securities laws. The FOFI has been prepared by management to provide an outlook of the Company's activities and results and may not be appropriate for other purposes. The FOFI has been prepared based on a number of assumptions including the assumptions discussed above under 'Caution Regarding Forward-Looking Information'. The actual results of operations of the Company and the resulting financial results may vary from the amounts set forth herein, and such variations may be material. The Company and management believe that the FOFI has been prepared on a reasonable basis, reflecting management's best estimates and judgments. FOFI contained in this news release was made as of the date of this news release and the Company disclaims any intention or obligations to update or revise any FOFI contained in this news release, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law. Article content Article content Article content Article content Contacts Article content For further information, contact: Article content Article content Article content Email: Article content Article content
