BOE Report

Canadian Spirit Resources Inc. announces sale of East Block Montney lands

CALGARY, AB, June 25, 2024 /CNW/ - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSXV: SPI) (OTCBB: CSPUF) is pleased to announce that it has entered into a definitive purchase and sale agreement to sell certain oil and natural gas assets in Northeastern British Columbia (the "Asset Disposition"), for gross cash proceeds to the Corporation of $5.0 million (the "Purchase Price"), subject to closing adjustments. The Asset Disposition includes approximately 10,350 net acres of [Read more]

Vittorio Valsecchi acquires securities in Prospera Energy Inc.

CALGARY, AB, June 25, 2024 /CNW/ - On June 25, 2024, Vittorio Valsecchi acquired an aggregate of 550,000 common shares ("Common Shares") of Prospera Energy Inc. (TSX-V: PEI; OTC: GXRFF; FRA: OF6B) (the "Company") at a price of approximately C$0.065 per Common Share for an aggregate cost of C$35,750.00 (the "Acquisition"). Prior to the Acquisition, Mr. Valsecchi beneficially owned 42,450,000 Common Shares of the Company, representing approximately 9.94% of the issued and outstanding Common [Read more]

InPlay Oil Corp. announces renewal of credit facility

CALGARY, AB, June 24, 2024 /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to announce the completion of the annual renewal of its syndicated Senior Credit Facility. InPlay's Senior Credit Facility has been renewed at $110 million comprised of a $95 million revolving facility and a $15 million operating line of credit (together, the "Senior Credit Facility"). The borrowing base of the Senior Credit Facility has been reconfirmed at $110 million and the [Read more]

Advantage announces closing of asset acquisition

(TSX: AAV) CALGARY, AB, June 24, 2024 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation"), is pleased to announce that it has completed its previously announced acquisition of certain Charlie Lake and Montney assets from a private seller for cash consideration of $445 million (the "Acquisition"), subject to closing adjustments. The Acquisition capitalizes on a rare opportunity to consolidate a high-quality, liquids-weighted asset that is contiguous with our existing core areas and [Read more]

Steelhead LNG secures patents in USA and Korea; litigation ongoing against Cedar LNG and Rockies LNG

VANCOUVER, BC, June 24, 2024 /CNW/ -- Steelhead LNG, a Vancouver-based developer in the liquefied natural gas (LNG) industry, proudly announces the recent award of patents in the United States and South Korea in relation to its proprietary near-shore floating LNG production facility system. These patents, granted based on Steelhead LNG's years of proprietary advancements, are in addition to the patents already issued to Steelhead LNG in Canada, Australia and Mexico. The newly [Read more]

Enbridge, First Nations and Métis partners to advance 200-megawatt wind energy project in Saskatchewan

REGINA, SK, June 24, 2024 /CNW/ - Today, Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) and Six Nations Energy Development LP (Six Nations) – a newly-created consortium of Cowessess First Nation, George Gordon First Nation, Kahkewistahaw First Nation, Métis Nation-Saskatchewan, Pasqua First Nation and White Bear First Nations – announced plans to advance development of a new wind energy project southeast of Weyburn, Saskatchewan. The Seven Stars Energy Project (the Project) is [Read more]

Competition Act amendments silence Canadian businesses taking climate action

CALGARY, AB, June 20, 2024 /CNW/ - As the largest oil sands companies in Canada, and members of the Pathways Alliance, we are steadfast in our commitment to environmental performance and operational emissions reduction. To support our commitment, we have strived to be transparent about our actions and plans, which we believe is critical to building trust and driving improvement. However, our ability to remain transparent has been significantly compromised as a result of Bill C-59, which was [Read more]

Advantage announces exercise in full of debenture over-allotment option in connection with bought deal financing

CALGARY, AB, June 20, 2024 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation"), is pleased to announce that the underwriters of its previously announced bought deal financing (the "Offering") pursuant to a prospectus supplement dated June 12, 2024 to Advantage's short form base shelf prospectus dated June 10, 2024, have exercised in full their over-allotment option (the "Debenture Over-Allotment Option") in respect of the 5.0% extendible convertible unsecured subordinated debentures [Read more]

Veren announces offering of investment-grade senior notes

CALGARY, AB, June 19, 2024 /CNW/ - Veren Inc. ("Veren", or the "Company") (TSX: VRN) (NYSE: VRN) has priced an offering of CDN$1.0 billion aggregate principal amount of senior unsecured notes, consisting of CDN$550 million of 4.968% five-year notes priced at par and due June 2029, and CDN$450 million of 5.503% 10-year notes priced at par and due June 2034 (collectively, the "Notes"). The net proceeds will be used to repay existing indebtedness, including fully retiring the Company's bank term [Read more]

Advantage announces closing of bought deal financing

(TSX: AAV) CALGARY, AB, June 18, 2024 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation"), is pleased to announce that it has completed its previously announced bought deal financing (the "Offering") pursuant to a prospectus supplement dated June 12, 2024 to Advantage's short form base shelf prospectus dated June 10, 2024 (collectively, the "Prospectus"). Advantage, through a syndicate of underwriters (the "Underwriters") co-led by TD Securities Inc. and Scotiabank, issued a total [Read more]