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To receive Frost & Sullivan's latest infographic on the European WTE Plant Market 2020, and to talk to us, please email Anna Zanchi, Corporate Communications: anna.zanchi@frost.com "WTE plants are a key factor for quality recycling and pave the way for a circular economy that will bring in more employment opportunities, especially in semi-skilled and entry-level jobs," said Frost & Sullivan Energy & Environment Research Analyst Akshaya Gomatam Ramachandran. "To capture new opportunities, leading municipalities and corporations should develop new circular models along their supply chains, target hard-to-recycle materials within waste types to achieve the zero-waste goal, and follow the eco-effectiveness approach to generate cyclical, cradle-to-cradle material flow." The grate-based incineration system is set to dominate the market in terms of revenue and the number of plants installed. This is due to high maturity, robustness, flexibility and cost effectiveness. Other WTE developments include: "To improve the quality of the existing WTE services and harness additional capacities, a substantial amount of investment is needed. Innovative firms and small and medium enterprises should look toward PPP as a way to build strong financial support," noted Ramachandran. "PPP will trigger foreign direct investment and produce new-generation WTE plants that are likely to yield significant revenue." About Frost & Sullivan Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. http://www.frost.com/prod/servlet/register-form.pag?refpage=http%3A//www.frost.com/prod/servlet/frost-home.pag&SRC=PR To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/eu-2020-renewable-energy-targets-boost-waste-to-energy-market-and-public-private-partnerships-300455893.html


TORONTO, ON / ACCESSWIRE / May 10, 2017 / Murchison Minerals Ltd. (CSE: MUR) ("Murchison" or the "Company") is pleased to announce the results of its spring 2017 - 5,653 metre diamond drilling program on its Brabant-McKenzie Zinc-Copper deposit, located in Northern Saskatchewan. Volcanogenic Massive Sulphide (VMS) style zinc-copper mineralization, as shown in Table 1 and Figure 1, was intersected by all ten holes of the recently completed drill program. Drill hole BM-17-01 intersected sulphides in both the known Upper Main Zone and Lower Main Zone parallel mineralized horizons ("UMZ" and "LMZ," respectively). Mineralization in the LMZ assayed 12.12% Zn, 0.97% Cu and 39.20 g/t Ag over an intercepted width of 11.40 metres and included a 5.96 metre interval that assayed 16.62% Zn, 0.79% Cu and 25.60 g/t Ag. Assay results from the UMZ intersected in BM-17-01 returned 11.49% Zn, 0.57% Cu and 21.98 g/t Ag over an interval width of 3.77 metres and included a 1.83 metre wide zone of 16.34% Zn, 0.59% Cu and 21.05 g/t Ag. The BM-17-01 results have the potential to provide additional resources, as this hole is greater than 100 metres from holes, which are included in the known resource. (See BM-17-01 location in Figure 1.) Holes BM-17-06 and 09 intersected VMS mineralization at a down dip depth of approximately 950 metres. Intercepts in BM-17-09 occur approximately 190 metre distance from intercepts in BM-17-06 (See Figure 1). Both holes were drilled from the same collar position and were designed to test the same geophysical airborne conductor plates and geological modelling, at depth, that was intersected in hole BM-17-01. BM-17-06 intersected 5.98 metres grading 1.37% Zn, 0.83% Cu and 19.10 g/t Ag including 2.44 metres assaying 1.22% Zn, 1.44% Cu and 31.90 g/t Ag within a semi-massive sulphide horizon. BM-17-09 returned 1.19% Zn 0.61% Cu and 14.7 g/t Ag over 3.37 metres. This hole also intersected a suspected siliceous cap rock at a vertical depth of 760 metres that is interpreted to be located on the fringes of the sulphide deposit and along with the mineralized sections provides valuable information regarding the deposit's geometry. Holes BM-17-02 through 04 respectively, tested the deposit at increasingly greater depth below BM-17-01. Results show that both good grade and thickness are apparent in both the UMZ and LMZ encountered in each of these deeper holes. Specifically, BM-17-04 returned a 7.16% Zn, 0.41% Cu and 22.40 g/t Ag over 6.23 metres including 2.38 metres assaying 11.59% Zn, 0.56% Cu and 24.13 g/t Ag in an intersection that is showing good down dip continuity and extension of approximately 90 metres to this sulphide horizon. Holes BM-17-05, 07, 08 and 10 were drilled along an approximately 500 metre long section located 225 metres north of the BM-17-01 to BM-17-04 section. These holes were designed to test the northern extents of the deposit and targeted both extrapolated geology and borehole EM conductor plates. Drill results show that intersected zones of the sulphide mineralization show considerably higher copper and lower zinc values than are exhibited in BM-17-01 to 04, suggesting a metal zonation from zinc to copper commonly observed in VMS deposits. Length density weighted intercepts. Holes were drilled to attempt intercept perpendicular to lens/mineralization. Actual true thickness may be less than intercepts reported. To view the graphic, please click here. The diamond drilling program was designed to test both the lateral, depth extents and untested areas of the deposit below and away from the main central corridor of historic drilling and outside of the 43-101 resource estimate of 1.5 million indicated tonnes grading 9.2% zinc, 0.89% copper and 3.0 million inferred tonnes grading 5.6% zinc and 0.6% copper, as outlined in the 2008 Second Technical Report on the Brabant Lake Property, Saskatchewan, Canada for Manicouagan Minerals Inc., dated September 12, 2008 (now Murchison). Drilling was based on a newer geological model and supporting airborne, ground and down hole geophysical anomalies. Mr. Kent Pearson, CEO, stated, "We are excited about the results of this program, particularly the success in extending mineralization to depth. The results of this program provide important information to further our understanding of the Brabant-McKenzie Deposit. The results indicate the presence of potential additional resources adjacent to those already known and identify additional diamond drill targets." Compilation of historic and new drill hole data and further interpretation is underway. An initial interpretation, based on drill hole intersections in conjunction with current geological modelling and geophysics, suggests that the deposit remains open to depth and laterally. A borehole EM geophysical survey of the deeper drilled holes below the known deposit is planned to define additional targets. The next round of drilling is expected to continue to test this focus area down plunge as well as open targets along strike. Additional large-scale airborne conductors similar to those outlined on the deposit remain untested and occur within 1.5 kilometres of the main deposit. Numerous other EM conductors and known mineralized showings traverse the property for 15 kilometres in prospective geological terrain and require follow-up work. The Brabant-McKenzie zinc-copper VMS deposit is located 175 kilometres northeast of La Ronge Saskatchewan, ranked the number one jurisdiction for mining in the world. The property is approximately 3 kilometres from the community of Brabant Lake, is accessible via highway 2 and is serviced by grid power. The core was logged and split in a secured core logging facility. Individual samples were labeled, placed in plastic sample bags, and sealed. Groups of samples were then placed in security sealed bags and shipped directly to the Saskatchewan Research Council Laboratories ("SRC") in Saskatoon, Saskatchewan for assay analysis. SRC used the ICP3 Base Metal Exploration Package for analysis. Partial digestions are performed on an aliquot of sample for the analysis of the requested elements by ICP-OES. An aliquot of pulp is digested in a test tube in a mixture of HNO3 HCl, in a hot water bath and then diluted to 15 ml using de-ionized water. Check assays, utilizing Atomic Absorption, as well as specific gravity analysis, were undertaken by TSL Labs also located in Saskatoon. Assay results for both methods were comparable. The technical information contained in this release has been reviewed and approved by Graham Gill, P.Geo. and Finley Bakker P.Geo., who are qualified persons pursuant to the terms of National Instrument 43-101 of the Canadian Securities Administrators. Both are consultants to Murchison. Murchison Minerals Ltd. is a Canadian based exploration company with a diversified portfolio of properties, including the Brabant-McKenzie Zinc-Copper deposit in north-central Saskatchewan and the HPM Nickel/Copper/Cobalt project in Quebec. Murchison also holds gold claims in the Pickle Lake area of northwestern Ontario. Additional information about Murchison Minerals and its exploration projects can be found at www.murchisonminerals.com. For further information, please contact: The CSE has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this news release. The CSE has neither approved nor disapproved the contents of this news release. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators. TORONTO, ON / ACCESSWIRE / May 10, 2017 / Murchison Minerals Ltd. (CSE: MUR) ("Murchison" or the "Company") is pleased to announce the results of its spring 2017 - 5,653 metre diamond drilling program on its Brabant-McKenzie Zinc-Copper deposit, located in Northern Saskatchewan. Volcanogenic Massive Sulphide (VMS) style zinc-copper mineralization, as shown in Table 1 and Figure 1, was intersected by all ten holes of the recently completed drill program. Drill hole BM-17-01 intersected sulphides in both the known Upper Main Zone and Lower Main Zone parallel mineralized horizons ("UMZ" and "LMZ," respectively). Mineralization in the LMZ assayed 12.12% Zn, 0.97% Cu and 39.20 g/t Ag over an intercepted width of 11.40 metres and included a 5.96 metre interval that assayed 16.62% Zn, 0.79% Cu and 25.60 g/t Ag. Assay results from the UMZ intersected in BM-17-01 returned 11.49% Zn, 0.57% Cu and 21.98 g/t Ag over an interval width of 3.77 metres and included a 1.83 metre wide zone of 16.34% Zn, 0.59% Cu and 21.05 g/t Ag. The BM-17-01 results have the potential to provide additional resources, as this hole is greater than 100 metres from holes, which are included in the known resource. (See BM-17-01 location in Figure 1.) Holes BM-17-06 and 09 intersected VMS mineralization at a down dip depth of approximately 950 metres. Intercepts in BM-17-09 occur approximately 190 metre distance from intercepts in BM-17-06 (See Figure 1). Both holes were drilled from the same collar position and were designed to test the same geophysical airborne conductor plates and geological modelling, at depth, that was intersected in hole BM-17-01. BM-17-06 intersected 5.98 metres grading 1.37% Zn, 0.83% Cu and 19.10 g/t Ag including 2.44 metres assaying 1.22% Zn, 1.44% Cu and 31.90 g/t Ag within a semi-massive sulphide horizon. BM-17-09 returned 1.19% Zn 0.61% Cu and 14.7 g/t Ag over 3.37 metres. This hole also intersected a suspected siliceous cap rock at a vertical depth of 760 metres that is interpreted to be located on the fringes of the sulphide deposit and along with the mineralized sections provides valuable information regarding the deposit's geometry. Holes BM-17-02 through 04 respectively, tested the deposit at increasingly greater depth below BM-17-01. Results show that both good grade and thickness are apparent in both the UMZ and LMZ encountered in each of these deeper holes. Specifically, BM-17-04 returned a 7.16% Zn, 0.41% Cu and 22.40 g/t Ag over 6.23 metres including 2.38 metres assaying 11.59% Zn, 0.56% Cu and 24.13 g/t Ag in an intersection that is showing good down dip continuity and extension of approximately 90 metres to this sulphide horizon. Holes BM-17-05, 07, 08 and 10 were drilled along an approximately 500 metre long section located 225 metres north of the BM-17-01 to BM-17-04 section. These holes were designed to test the northern extents of the deposit and targeted both extrapolated geology and borehole EM conductor plates. Drill results show that intersected zones of the sulphide mineralization show considerably higher copper and lower zinc values than are exhibited in BM-17-01 to 04, suggesting a metal zonation from zinc to copper commonly observed in VMS deposits. Length density weighted intercepts. Holes were drilled to attempt intercept perpendicular to lens/mineralization. Actual true thickness may be less than intercepts reported. To view the graphic, please click here. The diamond drilling program was designed to test both the lateral, depth extents and untested areas of the deposit below and away from the main central corridor of historic drilling and outside of the 43-101 resource estimate of 1.5 million indicated tonnes grading 9.2% zinc, 0.89% copper and 3.0 million inferred tonnes grading 5.6% zinc and 0.6% copper, as outlined in the 2008 Second Technical Report on the Brabant Lake Property, Saskatchewan, Canada for Manicouagan Minerals Inc., dated September 12, 2008 (now Murchison). Drilling was based on a newer geological model and supporting airborne, ground and down hole geophysical anomalies. Mr. Kent Pearson, CEO, stated, "We are excited about the results of this program, particularly the success in extending mineralization to depth. The results of this program provide important information to further our understanding of the Brabant-McKenzie Deposit. The results indicate the presence of potential additional resources adjacent to those already known and identify additional diamond drill targets." Compilation of historic and new drill hole data and further interpretation is underway. An initial interpretation, based on drill hole intersections in conjunction with current geological modelling and geophysics, suggests that the deposit remains open to depth and laterally. A borehole EM geophysical survey of the deeper drilled holes below the known deposit is planned to define additional targets. The next round of drilling is expected to continue to test this focus area down plunge as well as open targets along strike. Additional large-scale airborne conductors similar to those outlined on the deposit remain untested and occur within 1.5 kilometres of the main deposit. Numerous other EM conductors and known mineralized showings traverse the property for 15 kilometres in prospective geological terrain and require follow-up work. The Brabant-McKenzie zinc-copper VMS deposit is located 175 kilometres northeast of La Ronge Saskatchewan, ranked the number one jurisdiction for mining in the world. The property is approximately 3 kilometres from the community of Brabant Lake, is accessible via highway 2 and is serviced by grid power. The core was logged and split in a secured core logging facility. Individual samples were labeled, placed in plastic sample bags, and sealed. Groups of samples were then placed in security sealed bags and shipped directly to the Saskatchewan Research Council Laboratories ("SRC") in Saskatoon, Saskatchewan for assay analysis. SRC used the ICP3 Base Metal Exploration Package for analysis. Partial digestions are performed on an aliquot of sample for the analysis of the requested elements by ICP-OES. An aliquot of pulp is digested in a test tube in a mixture of HNO3 HCl, in a hot water bath and then diluted to 15 ml using de-ionized water. Check assays, utilizing Atomic Absorption, as well as specific gravity analysis, were undertaken by TSL Labs also located in Saskatoon. Assay results for both methods were comparable. The technical information contained in this release has been reviewed and approved by Graham Gill, P.Geo. and Finley Bakker P.Geo., who are qualified persons pursuant to the terms of National Instrument 43-101 of the Canadian Securities Administrators. Both are consultants to Murchison. Murchison Minerals Ltd. is a Canadian based exploration company with a diversified portfolio of properties, including the Brabant-McKenzie Zinc-Copper deposit in north-central Saskatchewan and the HPM Nickel/Copper/Cobalt project in Quebec. Murchison also holds gold claims in the Pickle Lake area of northwestern Ontario. Additional information about Murchison Minerals and its exploration projects can be found at www.murchisonminerals.com. For further information, please contact: The CSE has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this news release. The CSE has neither approved nor disapproved the contents of this news release. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.


TORONTO, ONTARIO--(Marketwired - May 24, 2017) - Appia Energy Corp. (the "Company or "Appia") (CSE:API)(CSE:API.CN)(CNSX:API)(OTC:APAAF)(FRANKFURT:A0I.F)(MUNICH:A0I.MU)(BERLIN:A0I.BE) is pleased to announce geochemical assay results from all seven drill holes of its winter diamond drilling program (the "Program", see News Release dated April 04, 2017) on its Loranger property (the "Property"), located 28 km southeast of Cameco's Rabbit Lake mill, Athabasca Basin, northern Saskatchewan. Six of seven drill holes returned assay results with greater than or equal to 0.01 wt% U O ("uranium mineralization", see Table 1 below for results). Geochemical assay results from drill hole LOR-17-004 returned a total composite down hole thickness of 72.9 m grading 0.012 wt% U O . Drill hole LOR-17-005 was drilled 150 m down-dip of LOR-17-004 and returned 26.4 m composite down hole thickness grading 0.014 wt% U O . Drill holes LOR-17-006 and LOR-17-007 were drilled 600 m and 1025 m SW along strike of LOR-17-004, respectively. LOR-17-006 intersected 56.85 m composite down hole thickness grading 0.012 wt% U O and LOR-17-007 intersected 10.3 m composite down hole thickness grading 0.016 wt% U O . Drill holes LOR-17-004 to LOR-17-007 were drilled in the historical Royal Canadian Ventures Grid No. 2 drilling area ("RCV area"). The RCV area has multiple lenses of uranium-bearing pegmatites extending from surface down to current vertical depth limit of 260 m and extending over 2,200 m along strike. The RCV area pegmatites remain open in all directions. See Figure 1 for drill hole locations and Figure 2 for cross-section interpretation of drill holes LOR-17-004 and LOR-17-005. The first three drill holes of the Program (LOR-17-001 to LOR-17-003) were drilled in a gravity low target area represented by intense brittle faulting and associated hydrothermal alteration. Drill hole LOR-17-001 intersected 0.011 wt% U O over 0.25 m at 211.0 m drill hole depth in unaltered pegmatite and LOR-17-003 intersected 0.010 wt% U O over 1.3 m at 98.6 m drill hole depth in clay altered semipelitic gneiss. In addition to U O , all gravity low target drill holes contain elevated boron (up to 404 ppm in LOR-17-002) throughout the faulted and altered zones. Elevated levels of boron (>100 ppm) are associated with some high-grade uranium Athabasca deposits and can be considered a critical element for Athabasca uranium exploration. Mr. James Sykes, VP Exploration and Development for Appia comments; "We are pleased with the results from the first drill hole program on the Loranger property. Both drill targeted areas successfully identified unique uranium-bearing systems on the property. We are planning a follow-up drill program to concentrate on geophysical targets that share similarities with the previously drilled areas. The Company remains well-funded to continue exploration on the Property. The drill is onsite and will be ready for a quick re-start as soon as lake ice is removed and ground conditions are favourable". Split core samples were taken arbitrarily over 0.1 to 1.4 m core lengths to correlate, as-best-as-possible, with scintillometer readings. Scintillometer ranges were not defined for sampling purposes. Field duplicates were taken systematically from every 20th split sample. All drill core samples were shipped from the project site and hand-delivered to the Saskatchewan Research Council's ("SRC") Geoanalytical Laboratory in Saskatoon, SK. Geochemical assay results were provided by SRC's Geoanalytical Laboratory, an ISO/IEC 17025:2005 (CAN-P- 4E) certified laboratory in Saskatoon, SK, for multi-element and U O analysis using the ICPMS, U O Assay and Boron Lab Packages (see SRC's Geoanalytical Laboratory's 2017 Services Schedule for information regarding laboratory sample preparation, quality assurance and quality control protocols; http://www.src.sk.ca/resource%20files/geoanalytical%20services%20schedule.pdf ). SRC's "Determination of U O wt% in Solid Samples" is accredited by the Standards Council of Canada (Scope of Accreditation #537). All geochemical results reported herein have passed rigorous internal QAQC review and compilation. Appia is a Canadian publicly-traded company in the uranium and rare earth sectors. The Company is currently focused on discovering high-grade uranium deposits in the prolific Athabasca Basin on its Loranger and Otherside properties, as well as high-grade REO and uranium surface showings on its Alces Lake joint venture. The company currently holds the surface rights to exploration for about 63,607 hectares (157,177 acres) in Saskatchewan. The company also has NI 43-101 compliant resources of 8.0 M lbs U O and 47.7 M lbs TREE Indicated and 20.1 M lbs U O and 133.2 M lbs TREE Inferred in the Teasdale Zone plus 27.6 M lbs U O Inferred in the Banana Lake Zone in the historic mining camp of Elliot Lake in Ontario (previously reported in the Company's news release dated August 14, 2013). The resources are largely unconstrained along strike and down dip The technical content concerning the Property and geochemical assay results in this news release was reviewed and approved by Thomas Skimming, P.Eng, a Director of Appia, and a Qualified Person as defined by National Instrument 43-101. Cautionary Note Regarding Forward-Looking Statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward- looking statements and shareholders are cautioned not to put undue reliance on such statements. Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.


TORONTO, ONTARIO--(Marketwired - May 26, 2017) - Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(NYSE MKT:DNN) is pleased to report a significant increase in uranium grades from previously released preliminary radiometric probe results, following the receipt of uranium assays from the Company's winter 2017 drilling program on the 60% owned Wheeler River project. The winter 2017 exploration program involved a combination of infill drilling at the Gryphon deposit and resource expansion exploration drilling to the northwest of the Gryphon deposit. The Wheeler River project is host to the high-grade Gryphon and Phoenix uranium deposits, and is the largest undeveloped high-grade uranium project in the infrastructure rich eastern portion of the Athabasca Basin region in northern Saskatchewan. The Company currently reports preliminary radiometric equivalent grades ("eU O "), derived from a calibrated downhole total gamma probe, during its exploration programs and subsequently reports definitive assay grades following sampling and geochemical analysis of the mineralized drill core. In November 2015, the Company estimated the Gryphon deposit to contain inferred resources of 43.0 million pounds U O (above a cut-off grade of 0.2% U O ) based on 834,000 tonnes of mineralization at an average grade of 2.3% U O , occurring as a series of stacked lenses on various stratigraphic, fault-controlled planes within the basement rocks - termed the A, B, and C series lenses. Since then, a significant zone of new mineralization has been discovered and partially delineated to the northwest, termed the D series of lenses, in combination with the discovery of additional mineralization on the A and B planes. Taken together, results from exploration drilling since the beginning of 2016, has defined a mineralized zone that comprises multiple lenses spanning over 300 metres in strike length and remains open. Dale Verran, Denison's Vice President of Exploration, commented, "This set of Gryphon assay results have exceeded expectations - particularly for drill hole WR-633D3, which now ranks as the best hole to date in the D series of lenses. These results re-emphasize the potential of the D series lenses to add meaningful resources to the Gryphon deposit, ahead of a planned update to the resource estimate for the project. This summer, in addition to the ongoing infill drilling at Gryphon, we are planning to continue to explore the D lenses with the objective of defining high-grade zones and maximizing the indicated resources that will be included in the upcoming PFS." The Company is also pleased to report the assay results from its infill drilling program at the Gryphon deposit, including the results of a further 17 drill holes, totaling 8,402 metres. The results confirm the continuity and high-grades of Gryphon's A, B and C series inferred resources and indicate potential for resource growth with higher than expected assay grades compared to the inferred grade model in certain portions of the deposit. A further 18 drill holes are planned to be completed during the summer 2017 program to complete the infill program at Gryphon. Winter 2017 assay results for exploration drilling are provided in Table 1. Nine holes totalling 6,330 metres were completed outside of the current inferred resources estimated for the Gryphon deposit, including four holes targeting the Gryphon D series lenses, and five holes down-dip of the A and B series lenses. The highlights from these results illustrate the potential for meaningful resource expansion at Gryphon: In addition to exploration drilling to expand mineralization outside of the current Gryphon resource, the 2017 winter drilling program continued with infill and delineation drilling with the objective of increasing the level of confidence of the current inferred resources to an indicated level. Winter 2017 assay results from infill and delineation drilling are provided in Table 2, and represent an overall increase in grade and thicknesses of mineralization in comparison to the previously reported radiometric equivalent grade results (see Denison's press releases dated March 29, 2017 and April 20, 2017). Highlights from the infill results include the following results: A plan map of the Gryphon A, B, C and D series lenses is provided in Figure 1. The inset on Figure 1 shows a schematic cross section of the A, B, C and D series lenses and their respective inclined longitudinal section windows (as shaded rectangles). Figures 2 to 5 provide inclined longitudinal sections of the Gryphon A, B, C and D series lenses respectively. The modelled mineralized lenses shown in Figures 1 to 5 are defined using a 0.05% U O or eU O grade shell and minimum thickness of two metres. There is no certainty that the modelled mineralized lenses shown will constitute future mineral resources and they may be subject to modifications as further drilling data becomes available. To view Figures 1-5, please visit the following link: http://media3.marketwire.com/docs/denifigs0526.pdf Further details regarding the Gryphon deposit and the current mineral resource estimates are provided in the NI 43-101 Technical Report for the Wheeler River project titled "Preliminary Economic Assessment for the Wheeler River Uranium Project, Saskatchewan, Canada" dated April 8, 2016 with an effective date of March 31, 2016. A copy of this report is available on Denison's website and under its profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar.shtml. Drill core with anomalous total gamma radioactivity (>500 counts per second) was sampled over 0.5 metre intervals. Sampling is undertaken on site by splitting the core in half, with one half submitted for analysis and the other half retained in the core box for future reference. Uranium assays are performed by the Saskatchewan Research Council ("SRC") Geoanalytical Laboratories using an ISO/IEC 17025:2005 accredited method for the determination of U O weight %. Sample preparation involves crushing and pulverizing core samples to 90% passing -106 microns. The resultant pulp is digested using aqua-regia and the solution analyzed for U O weight % using ICP-OES. Core recovery at Gryphon is typically 100% and therefore radiometric equivalent U O grades ("eU O ") are not required as a substitute for chemical U O assays. In addition to internal checks by SRC Geoanalytical Laboratories, the Company has rigorous quality assurance and quality control ("QAQC") procedures including the insertion of standard reference materials, blanks and field duplicates. The assay data is subject to verification procedures by qualified persons employed by Denison prior to disclosure. For further details on the assay, QAQC and data verification procedures please see Denison's Annual Information Form dated March 23, 2017 filed under the Company's profile on SEDAR (www.sedar.com). The following tables provide the detailed assay results from the drill holes completed during the winter 2017 exploration program at Wheeler River. The assay results are shown next to the previously reported radiometric equivalent results, and have been assigned a lens designation based on the stratigraphic position of the mineralized interval. Table 1: Winter 2017 assay results for exploration drilling outside of the Gryphon resource Dale Verran, MSc, Pr.Sci.Nat., Denison's Vice President, Exploration, who is a Qualified Person in accordance with the requirements of NI 43-101 has reviewed and approved the technical information contained in this release. Wheeler River is the largest undeveloped high-grade uranium project in the infrastructure rich eastern portion of the Athabasca Basin region, in northern Saskatchewan. The project is a joint venture between Denison (60% and operator), Cameco Corp. ("Cameco") (30%), and JCU (Canada) Exploration Company Limited ("JCU") (10%), and is host to the high-grade Gryphon and Phoenix uranium deposits discovered by Denison in 2014 and 2008, respectively. The Gryphon deposit is hosted in basement rock and is currently estimated to contain inferred resources of 43.0 million pounds U3O8 (above a cut-off grade of 0.2% U3O8) based on 834,000 tonnes of mineralization at an average grade of 2.3% U3O8. The Phoenix unconformity deposit is located approximately 3 kilometres to the southeast of Gryphon and is estimated to include indicated resources of 70.2 million pounds U3O8 (above a cut-off grade of 0.8% U3O8) based on 166,000 tonnes of mineralization at an average grade of 19.1% U3O8, and is the highest grade undeveloped known uranium deposit in the world. On April 4th, 2016, Denison announced the results of a Preliminary Economic Assessment ("PEA") for the Wheeler River Project, which considers the potential economic merit of co-developing the high-grade Gryphon and Phoenix deposits as a single underground mining operation. The PEA returned a base case pre-tax Internal Rate of Return ("IRR") of 20.4% based on the current long term contract price of uranium (US$44.00 per pound U O ), and Denison's share of estimated initial capital expenditures ("CAPEX") of CAD$336M (CAD$560M on 100% ownership basis). Exploration results from the subsequent drilling programs have not been incorporated into the resource estimate or the PEA. The PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability. On July 19th, 2016 Denison announced the initiation of a Pre-Feasibility Study ("PFS") for the Wheeler River property and the complimentary commencement of an infill drilling program at the Gryphon deposit to bring the inferred resources to an indicated level of confidence. As previously announced on January 10, 2017, Denison has entered into an agreement with its Wheeler River Joint Venture partners, Cameco and JCU, to fund 75% of Joint Venture expenses in 2017 and 2018 (ordinarily 60%) in exchange for an increase in Denison's interest in the project to up to approximately 66%. Under the terms of the agreement, Cameco will fund 50% of its ordinary 30% share in 2017 and 2018, and JCU is expected to continue to fund its 10% interest in the project. Denison is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan. Including its 60% owned Wheeler River project, which hosts the high-grade Phoenix and Gryphon uranium deposits, Denison's exploration portfolio consists of numerous projects covering over 330,000 hectares in the infrastructure rich eastern Athabasca Basin. Denison's interests in Saskatchewan also include a 22.5% ownership interest in the McClean Lake joint venture, which includes several uranium deposits and the McClean Lake uranium mill, which is currently processing ore from the Cigar Lake mine under a toll milling agreement, plus a 25.17% interest in the Midwest deposit and a 63.01% interest in the J Zone deposit on the Waterbury Lake property. Both the Midwest and J Zone deposits are located within 20 kilometres of the McClean Lake mill. Denison is also engaged in mine decommissioning and environmental services through its Denison Environmental Services division and is the manager of Uranium Participation Corp., a publicly traded company which invests in uranium oxide and uranium hexafluoride. Certain information contained in this press release constitutes "forward-looking information", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and similar Canadian legislation concerning the business, operations and financial performance and condition of Denison. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes", or the negatives and/or variations of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". In particular, this press release contains forward-looking information pertaining to the following: the likelihood of completing and benefits to be derived from corporate transactions; use of proceeds from financing activities; expectations regarding further studies on material properties, including the PFS; expectations regarding the toll milling of Cigar Lake ores; expectations regarding revenues and expenditure from operations at DES; expectations regarding Denison's ownership interests and continuity of agreements with its partners; expectations regarding the provision of management services to UPC; capital expenditure programs, estimated exploration and development expenditures and reclamation costs and Denison's share of same; and exploration, development and expansion plans and objectives and statements regarding anticipated budgets. Statements relating to "mineral reserves" or "mineral resources" are deemed to be forward-looking information, as they involve the implied assessment, based on certain estimates and assumptions that the mineral reserves and mineral resources described can be profitably produced in the future. Forward looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Denison to be materially different from those expressed or implied by forward-looking statements. Denison believes that the expectations reflected in this forward-looking information are reasonable but no assurance can be given that these expectations will prove to be accurate and may differ materially from those anticipated in this forward looking information. For a discussion in respect of risks and other factors that could influence forward-looking events, please refer to the factors discussed in Denison's Annual Information Form dated March 23, 2017 under the heading "Risk Factors". These factors are not, and should not be construed as being exhaustive. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained in this press release is expressly qualified by this cautionary statement. Any forward-looking information and the assumptions made with respect thereto speaks only as of the date of this press release. Denison does not undertake any obligation to publicly update or revise any forward-looking information after the date of this press release to conform such information to actual results or to changes in Denison's expectations except as otherwise required by applicable legislation. Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Mineral Resources: This press release may use the terms "measured", "indicated" and "inferred" mineral resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable.


Signature Roofing and Construction, in short, also known as SRC, provides both commercial and residential roofing services in Polk Country. So, regardless of what problem might arise, they would easily be able to solve it without having to bear any sort of additional expense. — Signature Roofing & Construction, also primarily known as the premier roofing service, are happy to announce Polk Country roofing. The reason why they have managed to gain an immense amount of reputation and goodwill in such a short amount of time is because of their promise to deliver friendly, fast, and efficient service. In addition to that, they also pride themselves on providing affordable roof installations. This is because they seem to understand the dangers and risks that seem to be involved when it comes to roof installations and repairs. So, rather than letting their clients get in harm’s way, the trained and skilled technicians would bear the responsibility upon their shoulders. In this way, every aspect could be ensured of work being well done. The technicians at Signature Roofing & Construction are extremely top-rated and knowledgeable in performing siding and gutters, residential roofing, window replacements, and screen room installation. In addition, thanks to their backing of knowledge and sourcing of high-quality materials, the work performed would be absolutely top-notch. In other words, there would be very rare cases when customers would be able to single out their flaws. Recently, when the owner John Clemons was asked about the goal, he had a very simple answer to it, “Our goal is to always fix what can be fixed to avoid costly replacements. However, if repairing your roofing system rather than replacing it would leave your family in jeopardy, we offer financing and payment options to help alleviate some of the financial pressure that unexpected disasters can bring.” Other than that, Clemons also seemed to add that their signature of quality would be imprinted on all roofing projects that they do. In this way, the client would not have to worry about the problem recurring. For more information, please visit http://www.signatureroofingandconstruction.com/


News Article | April 27, 2017
Site: www.forbes.com

The stock of Anadarko Petroleum Corp. is getting hammered today after announcing that "in an abundance of caution" it's shutting in 3,000 vertical wells after an explosion and fire killed two people at a home near one of its wells in northeast Colorado. It expects the wells to remain that way for two to four weeks while its employees inspect and test their equipment with a focus on housing and commercial developments that are close to its infrastructure. The company said the wells represent 13,000 net barrels of oil equivalent per day, or about 2% of its production. While analysts are worried that the stoppage will hurt Anadarko's second quarter volumes, they seem to be more concerned about potential backlash resulting from the incident, including from state regulators. Seaport Global Securities Inc. notes that the oil and gas industry had to contend with ballot initiatives in 2014 and 2016 that aimed to severely limit oil and gas development in the state. "While the industry prevailed in both cases, last week's incident may have the potential to alter public perception or at least put that thought in minds of investors," the firm said. Of course Anadarko isn't the only company operating in the Denver-Julesburg Basin, where the incident occurred, which could lead to negative consequences for other companies as well. Seaport said other companies with the most exposure in the area include Noble Energy Inc., PDC Energy Inc., Extraction Oil & Gas Inc., SRC Energy Inc., Whiting Petroleum Corp. and Carrizo Oil & Gas Inc. Tudor, Pickering, Holt & Co.'s list includes Noble, PDC, Extraction, SRC and Whiting but also Bill Barrett Corp. and Bonanza Creek Energy Inc. Raymond James singles out Noble and SRC in particular, the latter of which it's rated a strong buy. Raymond James has Anadarko at market perform while TPH has it at a buy.


News Article | May 4, 2017
Site: www.prweb.com

SIG University, a comprehensive, online certification curriculum focused on strategic sourcing, governance practices and methodologies today announces the launch of the Certified Supplier Management Professional curriculum. The five-week course commences on June 26 and helps companies put effective governance programs in place by training students on contract administration, compliance, risk mitigation, performance, governance operating models, talent management support, transformation and more. SIG University’s highly acclaimed Certified Sourcing Professional (CSP) curriculum begins a new semester on June 26 as well. The twelve-week CSP course has been offered for the past 16 months and has trained over 500 students so far with an expected 1,000 more in open and closed cohorts through 2017. Discounts are available for students and/or companies who enroll before May 29. SIG U was created at the request of SIG members, who saw an educational training gap in today's workforce. The SIG U learning model enhances experiential learning with best-practice training. It is delivered in a virtual classroom and is facilitated by experienced practitioner faculty who currently hold executive leadership positions in the sourcing space. The certifications, which are valid for five years, are delivered in a modular course format with lessons, assessments and quizzes to test mastery of subject matter. In addition, SIG U students have access to one of the largest banks of available sourcing data in the U.S. through the SIG Resource Center (SRC), which houses over 5,000 tools, templates, methodologies, processes, whitepapers and archived presentations. “We are thrilled to launch the CSMP program,” says Mark Pollack, SIG University Vice President. “The curriculum covers all aspects of governance and supplements the current CSP program perfectly. Our members have shared their need for proper supplier management and this program gives a comprehensive overview in an intense five-week course.” About SIG University SIG University, http://www.siguniversity.org is the premier training and certification program for sourcing and outsourcing professionals looking to enhance their practical experience with the latest sourcing thought leadership. SIG University was founded on the ideals of elevating the sourcing profession to deliver strategic value to the corporation, and is the only sourcing and governance certification designed and delivered by seasoned sourcing practitioners. About SIG SIG, http://www.sig.org is a membership organization that provides thought leadership and networking opportunities to executives in sourcing, procurement and outsourcing from Fortune 500 and Global 1000 companies and the advisors who serve them. SIG is widely known as a forum for sharing “next” practices and thought leadership through live networking events, virtual forums and a comprehensive online SIG resource center (SRC), which was developed by and for professionals in sourcing and outsourcing. The organization is unique in that it blends practitioners, service providers and advisory firms in a non-commercial environment. SIG is also the parent organization for SIG University, a one-of-a-kind certification and training program for professionals and executives seeking deep expertise in sourcing and governance for themselves or their teams, as well as Outsource, which provides unrivaled digital content for the opinion-formers and decision-makers at the heart of the outsourcing space.


Thomas H. Nolan, Jr., Chairman and Chief Executive Officer stated, "Over the past few years the Company has significantly strengthened its balance sheet, improved its access to the capital markets and enhanced its portfolio quality through non-core asset dispositions and targeted acquisitions.  Despite our proactive portfolio management, a confluence of issues impacted a number of our credit watch list tenants in the first quarter resulting in an abnormally high credit loss.  Furthermore, given the record number of bankruptcies in consumer and retail related companies thus far in 2017, and given that Shopko is our largest tenant, we are adjusting our outlook and approach for the balance of the year, including significantly reducing our acquisition activity.  These issues notwithstanding, we remain confident that the Company's portfolio remains financially strong." Mr. Nolan continued, "As we look ahead, we remain committed to supporting vigilant balance sheet management, along with disciplined capital allocation that focuses on investing in proven industries and e-commerce resistant asset classes." Total revenues were $165.4 million for the three months ended March 31, 2017, compared to $168.4 million for the same period a year ago. Net income attributable to common stockholders was $12.8 million, or $0.03 per diluted share, for the three months ended March 31, 2017, compared to $23.1 million, or $0.05 per diluted share, for the same period a year ago. FFO per diluted share was $0.20 for the periods ended March 31, 2017 and 2016, respectively. AFFO was $98.0 million for the three months ended March 31, 2017, compared to $97.9 million for the same period a year ago. AFFO per diluted share was $0.20 for the three months ended March 31, 2017, compared to $0.22 for the same period a year ago. Declared a quarterly cash dividend of $0.18 per share, which equates to an annualized dividend of $0.72 per share. The quarterly dividend was paid on April 14, 2017 to stockholders of record as of March 31, 2017. During the three months ended March 31, 2017, Spirit invested $147.9 million in 26 properties, including revenue producing capital expenditures. These investments include 15 transactions, earn an initial weighted average cash yield of approximately 7.13% and have an average lease term of 14.1 years. Of the $147.9 million invested, 64.6% represent transactions with existing customers and are leased to 14 different tenants in 11 different industries. During the three months ended March 31, 2017, the Company sold 57 properties for $172.6 million in gross proceeds, including the sale of 18 income producing properties for $92.7 million, with a weighted average capitalization rate of 7.88%. The remaining 39 properties were vacant and non-income producing properties and were sold for $79.9 million. During the three months ended March 31, 2017, Spirit continued to reduce the concentration of its largest tenant, Shopko. As of March 31, 2017, Spirit had reduced its Shopko concentration to 8.1% of Normalized Rental Revenue, compared to 9.1% of Normalized Revenue at March 31, 2016. From January 2016 through March 31, 2017, the Company sold 17 Shopko stores for $99.8 million in gross proceeds. As of March 31, 2017, Spirit's diversified real estate portfolio remained essentially fully occupied at 97.7% and was comprised of 2,514 owned properties, which had a weighted average remaining lease term of 10.6 years, of which 57 were vacant. During the first quarter, Spirit renewed 15 of 17 expiring leases, recapturing 102.5% of the expiring rent. Definitions for FFO and AFFO (as well as a reconciliation of these measures to net income attributable to common stockholders) and certain other defined terms can be found in the supplemental financial and operating report posted on Spirit's website along with this release. In February 2016, Spirit's Board of Directors authorized a share repurchase program, under which the Company may repurchase up to $200 million of its outstanding common stock. These purchases can be made in the open market or through private transactions from time to time over the 18 month period following authorization, depending on prevailing market conditions and applicable legal and regulatory requirements. Purchase activity will be dependent on various factors, including the Company's capital position, operating results, funds generated by asset sales, dividends that may be required by those sales and investment options that may be available, including acquiring new properties or retiring debt. The share repurchase program does not obligate the Company to repurchase any specific number of shares and may be suspended at any time at the Company's discretion. As of May 3, 2017, no purchases have been made. The Company is updating its 2017 AFFO per share guidance from that presented in November of 2016. The change is a result of two primary factors: first, increased credit losses, and second, the Company withdrawing its prior $250 million net acquisition target. The Company believes that given the high number of retail and consumer industry related bankruptcies relative to recent years, and the fact that the Company's largest tenant is a general merchandise retailer, it is not prudent to increase leverage in order to meet its previous net acquisition target. Based on these expectations, the Company currently anticipates 2017 AFFO per share to range from $0.80 to $0.84 per share. AFFO per share is sensitive to the timing and amount of real estate and capital markets activities during the year, as well as to the spread achieved between the lease rates on new acquisitions and the interest rates on borrowings used to finance those acquisitions. The Company does not provide a reconciliation for its guidance range of AFFO per diluted share to net income available to common stockholders per diluted share, the most directly comparable forward looking GAAP financial measure, due to the inherent variability in timing and/or amount of various items that could impact net income available to common stockholders per diluted share, including, for example, gains on debt extinguishment, impairments and other items that are outside the control of the Company. The Company's first quarter 2017 earnings conference call is now scheduled for Wednesday, May 3, 2017 at 5:00 p.m. Eastern Time. Interested parties can listen to the call via the following: A supplemental financial and operating report that contains non-GAAP measures and other defined terms, along with this press release, has been posted to the investor relations page of the Company's website at . Spirit Realty Capital, Inc. (NYSE: SRC) is a premier net-lease real estate investment trust (REIT) that primarily invests in high-quality, operationally essential real estate, subject to long-term, net leases.  Over the past decade, Spirit has become an industry leader and owner of income-producing, strategically located retail, industrial and office properties providing superior risk adjusted returns and steady dividend growth for our shareholders. As of March 31, 2017, our diversified portfolio was comprised of 2,588 properties, including properties securing mortgage loans made by the Company.  Our properties, with an aggregate gross leasable area of approximately 53 million square feet, are leased to approximately 431 tenants across 49 states and 30 industries. More information about Spirit Realty Capital can be found on the investor relations page of the Company's website at . This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements can be identified by the use of words such as "expect," "plan," "will," "estimate," "project," "intend," "believe," "guidance," and other similar expressions that do not relate to historical matters. These forward-looking statements are subject to known and unknown risks and uncertainties that can cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, Spirit's continued ability to source new investments, risks associated with using debt to fund Spirit's business activities (including refinancing and interest rate risks, changes in interest rates and/or credit spreads, changes in the price of our common stock, and conditions of the equity and debt capital markets, generally), unknown liabilities acquired in connection with acquired properties or interests in real-estate related entities, general risks affecting the real estate industry and local real estate markets (including, without limitation, the market value of our properties, the inability to enter into or renew leases at favorable rates, portfolio occupancy varying from our expectations, dependence on tenants' financial condition and operating performance, and competition from other developers, owners and operators of real estate), the financial performance of our retail tenants and the demand for retail space, particularly with respect to challenges being experienced by general merchandise retailers, potential fluctuations in the consumer price index, risks associated with our failure to maintain our status as a REIT under the Internal Revenue Code of 1986, as amended, and other additional risks discussed in Spirit's most recent filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K. Spirit expressly disclaims any responsibility to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition to U.S. GAAP financial measures, this press release and the referenced supplemental financial and operating report contain and may refer to certain non-GAAP financial measures. These non-GAAP financial measures are in addition to, not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP. These non-GAAP financial measures should not be considered replacements for, and should be read together with, the most comparable GAAP financial measures.  Reconciliations to the most directly comparable GAAP financial measures and statements of why management believes these measures are useful to investors are included in the Appendix of the supplemental financial and operating report, which can be found in the investor relations page of our website. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/spirit-realty-capital-inc-announces-first-quarter-2017-financial-and-operating-results-300450890.html


DENVER, CO--(Marketwired - May 04, 2017) - SRC Energy Inc. ( : SRCI) ("SRC", the "Company", "we", "us" or "our"), a U.S. oil and gas exploration and production company focused on the Wattenberg Area of the Denver-Julesburg Basin, reports its first quarter financial and operating results for the period ended March 31, 2017 and announces an increase in its borrowing base. The following tables present certain per unit metrics that compare results of the corresponding quarterly reporting periods: As noted in the Company's operations update dated April 19, 2017, SRC has begun reporting based on three product streams as of the first quarter of 2017 (please refer to that release for further details). All first quarter 2017 comparisons utilize SRC's estimated 2-stream production volumes. Oil, natural gas and NGL revenues for the three months ended March 31, 2017 increased 140% compared to the three-month period ended March 31, 2016. This was due to a 35% increase in sales volumes combined with a 77% improvement in average realized sales price per BOE. During the three months ended March 31, 2017, SRC experienced decreased lease operating expense compared to the quarter ended March 31, 2016 primarily due to cost management efforts by the Company's operations group, the consolidation of SRC's operations into a more central geographic operating area, and a reduction of the total number of vertical wells through divestitures and plugging activities. Unit operating costs also benefited from significant increases in production from 25 horizontal wells turning to sales during the quarter in addition to the wells turned to sales after the first quarter of 2016. Production taxes for the three months ended March 31, 2017 were favorably impacted by an adjustment of the Company's assumed ad valorem tax rate based on its most recent filing as well as areas of activity. G&A expenditures for the three months ended March 31, 2017 increased by 10% compared to the three-month period ended March 31, 2016; however, on a per BOE basis G&A expense for this period decreased by 19%. The 2017 first quarter net income totaled $19.9 million or $0.10 per diluted share compared to a net loss of $51.4 million or $(0.42) per diluted share in the year ago quarter. The first quarter of 2016 was impacted by an impairment charge of $45.6 million. Adjusted EBITDA in the first quarter was $32.5 million as compared to $10.2 million in the year ago quarter. The Company's production in the Greeley Crescent area continues to support an average 800,000 EUR type curve, based upon a 7,500' (ML) lateral well bore and 3-stream reporting. The wells on the 14 well Fagerberg pad, all of which are ML laterals, have an average per well cumulative production of 91 MBOE through 180 days of production, while the four ML wells on our Bestway pad have been on production for nearly 18 months with average per well cumulative production of 300 MBOE, and continue to exceed the 800,000 EUR type curve. The Company's revolving credit facility borrowing base has been increased to $225 million from $160 million, with a Company-elected commitment amount of $210 million. As of March 31, 2017, there was nothing drawn on the revolving credit facility. Lynn A. Peterson, Chairman and CEO of SRC Energy, commented, "SRC has been actively plugging and abandoning vertical well bores for the last several months as we develop our acreage through horizontal drilling and utilizing state of the art technology. Over the last 7 months we have plugged and abandoned 59 wells and returned acreage to property owners. We currently operate 169 producing vertical wells, the vast majority of which are scheduled for abandonment over the coming year. Total production associated with our vertical wells is less than 2% of our current total production. We will continue to work closely with local and state regulatory agencies to maintain a safe environment and comply with applicable regulations. At this time we are not aware of, and do not expect, any regulatory changes that would alter our development plans." The Company will host a conference call on Friday, May 5, 2017 at 11:00 a.m. Eastern time (9:00 a.m. Mountain time) to discuss the results. The call will be conducted by Chairman and CEO Lynn A. Peterson, CFO James Henderson, COOs Nick Spence and Mike Eberhard and Manager of IR John Richardson. A Q&A session will immediately follow the discussion of the results for the quarter. Please refer to SRC's website at www.srcenergy.com for the most recent corporate presentation and other news and information. SRC Energy Inc. is a domestic oil and natural gas exploration and production company. SRC's core area of operations is in the Wattenberg Field of the Denver-Julesburg Basin. The Denver-Julesburg Basin encompasses parts of Colorado, Wyoming, Kansas, and Nebraska. The Company's corporate offices are located in Denver, Colorado. More company news and information about SRC is available at www.srcenergy.com. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. The use of words such as "believes", "expects", "anticipates", "intends", "plans", "estimates", "should", "likely", "guidance" or similar expressions indicates a forward-looking statement. Forward-looking statements herein include statements regarding future plugging and abandonment activities and regulatory developments. These statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, and information currently available to management. The actual results could differ materially from a conclusion, forecast or projection in the forward-looking information. Certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information. The identification in this press release of factors that may affect the Company's future performance and the accuracy of forward-looking statements is meant to be illustrative and by no means exhaustive. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Factors that could cause the Company's actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: the success of the Company's exploration and development efforts; the price of oil and gas; worldwide economic situation; change in interest rates or inflation; willingness and ability of third parties to honor their contractual commitments; the Company's ability to raise additional capital, as it may be affected by current conditions in the stock market and competition in the oil and gas industry for risk capital; the Company's capital costs, which may be affected by delays or cost overruns; costs of production; environmental and other regulations, as the same presently exist or may later be amended; the Company's ability to identify, finance and integrate any future acquisitions; the volatility of the Company's stock price; and the other factors described in the "Risk Factors" sections of the Company's filings with the Securities and Exchange Commission, all of which are incorporated by reference in this release. We define adjusted EBITDA as net income (loss) adjusted to exclude the impact of the items set forth in the table below. We exclude those items because they can vary substantially from company to company within our industry depending upon accounting methods and book values of assets, capital structures, and the method by which the assets were acquired. We believe that adjusted EBITDA is widely used in our industry as a measure of operating performance and may also be used by investors to measure our ability to meet debt covenant requirements. The following table presents a reconciliation of adjusted EBITDA, a non-GAAP financial measure, to net income (loss), its nearest GAAP measure: Condensed consolidated financial statements are included below. Additional financial information, including footnotes that are considered an integral part of the condensed consolidated financial statements, can be found in SRC's Quarterly Report on Form 10-Q for the period ended March 31, 2017, which is available at www.sec.gov.


News Article | May 2, 2017
Site: www.forbes.com

Noble Energy Inc. seems to be firing on all cylinders. The Houston oil and gas explorer reported solid first quarter financial results, beating analysts' expectations for earnings, revenues and production. Its wells in the Delaware Basin in West Texas and the Denver-Julesburg Basin in the Rockies are outperforming expectations and targets and it began exporting natural gas from Israel to Jordan for the first time. The company also is continuing to improve its portfolio, selling natural gas properties in Appalachia's Marcellus Shale to an unnamed buyer for $1.2 billion, which will help it pay down debt incurred after its $2.7 billion purchase of Clayton Williams Energy Inc. So why are some analysts so ho-hum on the stock? Seaport Global Securities rates it a neutral with a price target of $36 per share, vs. its close yesterday of $32.30, while Tudor, Pickering Holt & Co. has it at a hold and Raymond James has it at market perform. The company -- led by CEO David Stover -- has had its setbacks. This time a year ago it hit a dry hole on its Silvergate exploration prospect in the Gulf of Mexico -- its fourth in a year-and-a-half (after similar results at its Cheetah development in Cameroon, its Humpback prospect in the Falkland Islands and its Madison project in the Gulf of Mexico). And some considered its acquisition of Clayton Williams -- which closed last month -- a bit pricey, even though it gave Noble scale in the sought-after Delaware Basin. RBC Capital Markets analyst Scott Hanold thinks it's time for investors to add exploration and production companies to their portfolios given improving economics and their low valuations and cites Noble as one of his four best ideas (the other three are Anadarko Petroleum Corp., Extraction Oil & Gas LLC and SRC Energy Inc.). He cites the company for its balanced inventory of capital-efficient projects both on and offshore and in the U.S. as well as abroad. Evercore ISI also is impressed, resuming coverage of Noble on Tuesday with an outperform rating and a price target of $40 per share. TPH expects Noble to shed more assets over the next 12 months, including its interests in the Tamar natural gas field off the coast of Israel, some of its non-core properties in the DJ Basin and some of its infrastructure assets to affiliate Noble Midstream Partners. Those divestitures could help it pay down more debt and develop its most promising prospects further, which could result in better returns -- and a higher stock price down the road.

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