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Globe and Mail
18-07-2025
- Business
- Globe and Mail
Mesa Royalty Trust Announces Trust Income for July 2025
Mesa Royalty Trust (the 'Trust') (NYSE: MTR) announced today the Trust income distribution for the month of July 2025. Unitholders of record on July 31, 2025 will receive distributions amounting to $0.027480528 per unit, payable on October 31, 2025. The Trust received $80,962, all of which came from the New Mexico portion of the Trust's San Juan Basin properties operated by Hilcorp San Juan LP, an affiliate of Hilcorp Energy Company. No income was received in July 2025 from any other working interest owner. This month, after the Trust's payment of administrative expenses, income from the distributable net profits was $51,212. The Trust was formed to own an overriding royalty interest of the net proceeds attributable to certain producing oil and gas properties located in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado. As described in the Trust's public filings, the amount of the monthly distributions is expected to fluctuate from month to month, depending on the proceeds, if any, received by the Trust as a result of production, oil and natural gas prices and the amount of the Trust's administrative expenses, among other factors. In addition, as further described in the Trust's most recent filing on Form 10-Q, distributions to unitholders are expected to be materially reduced, until the Trust increases its cash reserves to a total of $2.0 million in order to provide added liquidity. Proceeds reported by the working interest owners for any month are not generally representative of net proceeds that will be received by the Trust in future periods. As further described in the Trust's Form 10-K and Form 10-Q filings, production and development costs for the royalty interest have resulted in substantial accumulated excess production costs, which will decrease Trust distributions, and in some periods may result in no Trust distributions. The amount of proceeds, if any, received or expected to be received by the Trust (and its ability to pay distributions to unitholders) has been and will continue to be directly affected, among other things, by volatility in the industry and revenues and expenses reported to the Trust by working interest owners. Any additional expenses and adjustments, among other things, will reduce proceeds to the Trust, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders. This press release contains forward-looking statements. No assurances can be given that the expectations contained in this press release will prove to be correct. The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty. The Trustee cannot assure that errors or adjustments or expenses accrued by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust. Other important factors that could cause these statements to differ materially include delays in actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, declines in commodity pricing, prices received by working interest owners and other risks described in the Trust's Form 10-K for the year ended December 31, 2024. Statements made in this press release are qualified by the cautionary statements made in such risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release. Each unitholder should consult its own tax advisor with respect to its particular circumstances.
Globe and Mail
07-07-2025
- Business
- Globe and Mail
Pason to Release 2025 Second Quarter Results on August 6, 2025
CALGARY, AB , /CNW/ - Pason Systems Inc. ("Pason") (TSX: PSI) (OTC: PSYTF) intends to release its 2025 second quarter results after the markets close on Wednesday, August 6, 2025 . Pason will be conducting a conference call for interested analysts, brokers, investors, and media representatives to review its 2025 second quarter results at 9:00 a.m. (MT) on Thursday , August 7, 2025. The conference call dial-in numbers are 1-888-510-2154 or 1-437-900-0527, and the call will be simultaneously audio webcast via: You can access the fourteen-day replay by dialing 1-888-660-6345 or 1-289-819-1450, using password 57062#. An archived audio webcast of the conference call will also be available on Pason's website at Pason Systems Inc. Pason is a leading global provider of specialized data management systems for drilling rigs. Our solutions, which include data acquisition, wellsite reporting, remote communications, web-based information management, and analytics, enable collaboration between the rig and the office. Through Intelligent Wellhead Systems Inc. ("IWS"), we also provide engineered controls, data acquisition, and software, to automate workflows and processes for oil and gas well completions operations, improving wellsite safety and efficiency. Through Energy Toolbase Software, Inc. ("ETB"), we also provide products and services for the solar power and energy storage industry. ETB's solutions enable project developers to model, control and monitor economics and performance of solar energy and storage projects. Pason's common shares trade on the Toronto Stock Exchange and OTC Markets Group, under the symbol PSI and PSYTF, respectively. For more information about Pason, visit the company's website at or contact investorrelations@
Yahoo
07-07-2025
- Business
- Yahoo
Pason to Release 2025 Second Quarter Results on August 6, 2025
CALGARY, AB, July 7, 2025 /CNW/ - Pason Systems Inc. ("Pason") (TSX: PSI) (OTC: PSYTF) intends to release its 2025 second quarter results after the markets close on Wednesday, August 6, 2025. Pason will be conducting a conference call for interested analysts, brokers, investors, and media representatives to review its 2025 second quarter results at 9:00 a.m. (MT) on Thursday, August 7, 2025. The conference call dial-in numbers are 1-888-510-2154 or 1-437-900-0527, and the call will be simultaneously audio webcast via: You can access the fourteen-day replay by dialing 1-888-660-6345 or 1-289-819-1450, using password 57062#. An archived audio webcast of the conference call will also be available on Pason's website at Pason Systems Inc. Pason is a leading global provider of specialized data management systems for drilling rigs. Our solutions, which include data acquisition, wellsite reporting, remote communications, web-based information management, and analytics, enable collaboration between the rig and the office. Through Intelligent Wellhead Systems Inc. ("IWS"), we also provide engineered controls, data acquisition, and software, to automate workflows and processes for oil and gas well completions operations, improving wellsite safety and efficiency. Through Energy Toolbase Software, Inc. ("ETB"), we also provide products and services for the solar power and energy storage industry. ETB's solutions enable project developers to model, control and monitor economics and performance of solar energy and storage projects. Pason's common shares trade on the Toronto Stock Exchange and OTC Markets Group, under the symbol PSI and PSYTF, respectively. For more information about Pason, visit the company's website at or contact investorrelations@ SOURCE Pason Systems Inc. View original content to download multimedia:
Yahoo
07-07-2025
- Business
- Yahoo
Pason to Release 2025 Second Quarter Results on August 6, 2025
CALGARY, AB, July 7, 2025 /CNW/ - Pason Systems Inc. ("Pason") (TSX: PSI) (OTC: PSYTF) intends to release its 2025 second quarter results after the markets close on Wednesday, August 6, 2025. Pason will be conducting a conference call for interested analysts, brokers, investors, and media representatives to review its 2025 second quarter results at 9:00 a.m. (MT) on Thursday, August 7, 2025. The conference call dial-in numbers are 1-888-510-2154 or 1-437-900-0527, and the call will be simultaneously audio webcast via: You can access the fourteen-day replay by dialing 1-888-660-6345 or 1-289-819-1450, using password 57062#. An archived audio webcast of the conference call will also be available on Pason's website at Pason Systems Inc. Pason is a leading global provider of specialized data management systems for drilling rigs. Our solutions, which include data acquisition, wellsite reporting, remote communications, web-based information management, and analytics, enable collaboration between the rig and the office. Through Intelligent Wellhead Systems Inc. ("IWS"), we also provide engineered controls, data acquisition, and software, to automate workflows and processes for oil and gas well completions operations, improving wellsite safety and efficiency. Through Energy Toolbase Software, Inc. ("ETB"), we also provide products and services for the solar power and energy storage industry. ETB's solutions enable project developers to model, control and monitor economics and performance of solar energy and storage projects. Pason's common shares trade on the Toronto Stock Exchange and OTC Markets Group, under the symbol PSI and PSYTF, respectively. For more information about Pason, visit the company's website at or contact investorrelations@ SOURCE Pason Systems Inc. View original content to download multimedia: Sign in to access your portfolio
Zawya
07-07-2025
- Business
- Zawya
Stc group empowers Saudi Arabia's key sectors with launch of the business-critical network
Built on a dedicated LTE network, the network is engineered to meet the highest benchmarks for security, reliability and agility. The network offers tailored features that enhance operational efficiency and effectively meet mission-critical communication demands, including smart integration with emerging technologies like AI, edge computing, and IoT. Riyadh, Saudi Arabia: stc group has unveiled its latest wireless communications network, the Business-Critical Network, designed to revolutionize connectivity for Saudi Arabia's most critical sectors, including government, healthcare, and oil and gas. As one of the first networks of its kind in the kingdom, it delivers high-speed, high-availability, and encrypted communication capabilities, empowering industries to operate with unparalleled efficiency and resilience. The network is engineered with future-readiness at its core, offering seamless adaptability and compatibility with emerging and evolving technologies such as artificial intelligence, edge computing, and the Internet of Things (IoT). Compliant with global Mission Critical and 3GPP standards, the network is built on a dedicated LTE network that spans the entire Kingdom and is engineered to meet the highest benchmarks for security, reliability and agility. It is specifically tailored to address the unique demands of business-critical operations, where high-stakes environments require split-second decision-making and flawless communication. Its scalable architecture paves the way for next-generation innovations, including autonomous operations, real-time situational awareness, and advanced crowd management solutions, empowering industries to stay ahead in an increasingly dynamic and data-driven world. 'The launch of the Business-Critical Network marks a new era of critical communications for Saudi Arabia,' said Riyadh Muawad, Chief Business Officer at stc group. 'This purpose-built network sets a new benchmark for mission-critical communications, empowering key industries with the speed, security, and intelligence needed to operate in high-pressure environments. It reflects our commitment to enabling national sectors with future-ready capabilities and cementing stc group's position as a trusted partner in advancing the Kingdom's digital future.' The Business-Critical Network delivers a robust, all-in-one solution for essential digital communications, offering advanced features such as encrypted push-to-talk, shock-resistant devices, emergency alerts, and secure group messaging. Purpose built for high-demand environments, the network integrates artificial intelligence to enable smarter decision-making, predictive maintenance, and heightened situational awareness across complex operations. 'As the sales arm behind this groundbreaking launch, we are proud to deliver a service that meets the unique communication needs of critical industries,' said Eng. Khaled Al-Dharrab, CEO of specialized by stc. 'The Business Critical Network empowers organizations to strengthen operational control, improve responsiveness, and elevate safety —ensuring seamless performance even in the most demanding and high-pressure environments. The launch of the Business Critical Network responds to the growing need for reliable, resilient communications across Saudi Arabia's vital sectors. With cutting-edge speed and a steadfast emphasis on security, the system is poised to become a cornerstone for industries ranging from critical infrastructure to public safety and emergency response. This milestone reinforces stc group's commitment to driving national connectivity and technological advancement in support of the Saudi Vision 2030. About stc group: stc group is an enabler of digital transformation, offering advanced solutions and driving a role in the digitization process. The group provides a comprehensive suite of services encompassing digital infrastructure, cloud computing, cybersecurity, Internet of Things (IoT), digital payments, digital media, and digital entertainment. The group comprises 13 subsidiaries across the Kingdom of Saudi Arabia, the Middle East, North Africa, and Europe.
