SNUNEYMUXW TERRITORY, BC - FortisBC Holdings Inc. ("FortisBC") and Snuneymuxw First Nation ("Snuneymuxw") are pleased to announce an agreement to work in close collaboration on the Tilbury Projects. On January 26, 2023, Snuneymuxw Chief Mike Wyse invited FortisBC President and CEO Roger Dall'Antonia to sign the agreement on Snuneymuxw traditional territory. The agreement respects Snuneymuxw's rights in relation to the potential project impacts and represents a commitment to share benefits [Read more]
Kiwetinohk provides fourth quarter update
CALGARY, AB, Jan. 23, 2023 /CNW/ - Kiwetinohk Energy Corp. (TSX: KEC) today announced its 2022 fourth quarter production, Green Energy and financial results update as well as a drilling summary. The company plans to release its 2022 year-end financial results and 2022 reserve report prior to TSX market open on Wednesday, March 8, 2023. Operational updateFourth quarter [Read more]
Saturn Oil & Gas Inc. Announces Acquisition of Ridgeback Resources Inc. Expanding Production to Approximately 30,000 boe/d and Bought Deal Financing including Strategic Lead Orders from GMT Capital Corp. and Libra Advisors, LLC
Transformational $525 million1 ($516 million using the Offering Price for the Consideration Shares) corporate acquisition expands Saturn's pro forma production by approximately 140%, on closing, to ~30,000 boe/d2 of sustainable, light oil focused, high netback production. The Ridgeback Acquisition, comprised of 17,000 boe/d (~71% light oil and natural gas liquids)3, with a proved developed producing reserve value of $915 million4, forecasted 12-month Net Operating Income3/ Operating Free [Read more]
InPlay Oil Corp. named to 2023 OTCQX Best 50
CALGARY, AB - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to announce it has been named to the 2023 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar [Read more]
Journey Energy Inc. provides operational update and issues 2023 guidance
CALGARY, AB, Jan. 18, 2023 /CNW/ - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is providing the following operational update. This update is accompanied by an updated Corporate Presentation posted on the Company's website at www.journeyenergy.ca. On July 28, 2022 Journey announced its intention to enter into a significant transformative acquisition (the "Acquisition"). This acquisition closed on October 31, 2022. One of the key attributes of the Acquisition was [Read more]
InPlay Oil Corp. announces 2023 capital budget highlighting record operational guidance and appointment of new board member
CALGARY, AB - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to announce that its Board of Directors have approved a capital program of $75 – $80 million for 2023 which is forecasted to deliver annual average production of 9,500 – 10,500 boe/d(1) (58% – 61% light oil and NGLs). InPlay's record-setting financial and operational performance in 2022 has the Company entering 2023 in a very strong financial position allowing for the continued execution of our [Read more]
Rubellite Energy Inc. announces achievement of fourth quarter 2022 production guidance, successful land acquisitions and provides strong operational update
CALGARY, AB – Rubellite Energy Inc. ("Rubellite" or the "Company"), a pure play Clearwater oil exploration and development company, is pleased to release its preliminary fourth quarter 2022 and current production results, announce a material expansion in Rubellite's land base and prospect inventory at Figure Lake, and provide an operational update, all of which highlight successful advancement of Rubellite's growth focused business plan centered around the attractive Clearwater play. Highlights [Read more]
Whitecap Resources Inc. confirms monthly dividend for January of $0.0483 per share
CALGARY, AB - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. $0.0483 per common share in respect of January operations will be paid on February 15, 2023 to shareholders of record on January 31, 2023. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). About Whitecap Whitecap Resources Inc. is an oil-weighted growth company that pays a monthly cash dividend to its shareholders. Our business is focused on profitable [Read more]
Surge Energy Inc. confirms increased February 2023 dividend
CALGARY, AB - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on February 15, 2023, in respect of January 2023 production, for the shareholders of record on January 31, 2023 will be $0.04 per share. The $0.04 per share dividend represents a 14 percent increase in the Company's dividend, from $0.42 per share per year ($0.035 per share per month) to $0.48 per share per year ($0.04 per share per month). The dividend is an eligible dividend [Read more]
Tourmaline declares $2.00/share special dividend, provides operational and 2023 guidance update
CALGARY, AB, Jan. 12, 2023 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce a special dividend and provide an operational and 2023 guidance update. SPECIAL DIVIDEND Tourmaline is pleased to announce the declaration of a special dividend of $2.00/share, given the continued strong financial performance and outlook for the Company. The special dividend is part of Tourmaline's comprehensive shareholder return plan and will be paid on February 1, [Read more]
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