Sable Resources (SAE.V) launched a maiden drill program at the Zorro project in Argentina, following a weather-related delay, the company said Wednesday.
Sable said drill mobilization had been delayed due to heavy snowfall that limited access to the project area.
The delay is not expected significantly impact the drill program, which the company may expand, subject to the initial drill results.
The company's shares last closed unchanged at C$0.51 Tuesday on the TSX Venture Exchange.
PHX Energy Services (PHX.TO) reported second-quarter earnings of C$0.21 per share, or C$10.97 million, compared with C$0.17 per share, or C$8.52 million, in the prior-year period. The results topped FactSet analysts' estimate of C$0.18 per share.For the three months ended June 30, 2026, revenue rose 7% to C$178.9 million from C$167.7 million in the second quarter of 2025.In its outlook, PHX said North American industry activity is showing an uptick in the third quarter, supported by strengthening commodity prices.Company's shares closed up C$0.28 to C$10.92 on Toronto stock Exchange on Tuesday.