BOE Report

Paramount Resources Ltd. announces April dividend

CALGARY, AB, April 1, 2024 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that its Board of Directors has declared a cash dividend of $0.125 per common share that will be payable on April 30, 2024 to shareholders of record on April 15, 2024.  The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. About Paramount Paramount is an independent, publicly traded, liquids-rich natural gas focused Canadian energy [Read more]

Tenaz Energy Corp. announces 2023 year-end results

CALGARY, AB, March 28, 2024 /CNW/ - Tenaz Energy Corp. ("Tenaz", "We", "Our", "Us" or the "Company") (TSX: TNZ) is pleased to announce financial and operating results for the three months and year ended December 31, 2023. The related audited consolidated financial statements, as well as Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2023 and Annual Information Form ("AIF") as of December 31, 2023, are available on SEDAR+ at www.sedarplus.ca and on Tenaz's [Read more]

CER approves NGTL’s North Montney Mainline tolling application

CALGARY, AB, March 27, 2024 /CNW/ - The Commission of the CER has approved NOVA Gas Transmission Ltd.'s (NGTL) North Montney Mainline (NMML) tolling application. The Commission's approval allows the company to continue with its existing tolling methodology. In 2017, the NEB approved the construction of the 204 km North Montney Mainline. In 2019, NGTL sought approval for its rate design and services for its entire system which included a surcharge for using the NMML. The Commission approved [Read more]

Enbridge to enter into JV connecting Permian Basin natural gas supply to growing LNG and USGC demand

CALGARY, AB, March 26, 2024 /CNW/ - Enbridge Inc. ("Enbridge") (TSX: ENB) (NYSE: ENB) announced today that it has entered into a definitive agreement with WhiteWater/I Squared Capital ("WhiteWater/I Squared") and MPLX LP ("MPLX") to form a joint-venture that will develop, construct, own, and operate natural gas pipeline and storage assets connecting Permian Basin natural gas supply to growing LNG and U.S. Gulf Coast ("USGC") demand. Highlights: Acquiring a meaningful, strategic equity [Read more]

Perpetual Energy Inc. reports year-end 2023 financial and operating results, Q1 2024 outlook and reserves

CALGARY, AB , March 25, 2024 /CNW/ - (TSX: PMT) – Perpetual Energy Inc. ("Perpetual", or the "Company") is pleased to report its fourth quarter and year-end 2023 financial and operating results, Q1 2024 outlook and a summary of the Company's year-end 2023 reserves as reported by the independent engineering firm McDaniel and Associates Consultants Ltd. ("McDaniel"). A complete copy of Perpetual's audited consolidated financial statements, Management Discussion and Analysis ("MD&A") and Annual [Read more]

Lucero Energy Corp. announces share award grant

CALGARY, AB, March 25, 2024 /CNW/ - Lucero Energy Corp. ("Lucero" or the "Company") (TSXV: LOU) (OTCQB: PSHIF) announces that pursuant to its Bonus Award Incentive Plan ("Plan"), an aggregate of 1,829,936 restricted awards and 5,142,314 performance awards (collectively, the "Awards") were granted to certain officers and directors of Lucero. The Awards will fully vest on September 10, 2027 and shall expire on December 15, 2027. The Awards may be settled by Lucero, in its sole discretion, in cash [Read more]

Perpetual Energy Inc. announces resolution of the Sequoia litigation, repayment of its second lien term loan and early redemption of its senior secured notes

CALGARY, AB, March 22, 2024 /CNW/ - (TSX: PMT) – Perpetual Energy Inc. ("Perpetual", or the "Company") is pleased to announce the resolution of the previously announced Sequoia litigation, repayment of its existing $2.7 million second lien term loan, (the "Term Loan") and the early redemption of its secured third lien senior notes, with the opportunity for noteholders to elect to continue to hold such notes subject to certain amendments. Resolution of Sequoia Litigation On August 3, 2018, [Read more]

SECURE announces closing of $300 million senior unsecured note financing

(All financial figures are approximate and in Canadian dollars unless otherwise noted) CALGARY, AB, March 22, 2024 /CNW/ - SECURE Energy Services Inc. ("SECURE") (TSX: SES), announced today that it has successfully closed its previously announced private offering (the "Offering") of $300 million aggregate principal amount of 6.750% senior unsecured notes due March 22, 2029 (the "Notes") at an issue price of $100.00, representing a yield of 6.750%. The Offering was underwritten by a syndicate of [Read more]

Lucero Energy Corp. announces fourth quarter and year-end 2023 financial & operating results and reports year-end 2023 reserves

CALGARY, AB, March 21, 2024 /CNW/ - Lucero Energy Corp. ("Lucero" or the "Company") (TSXV: LOU) (OTCQB: PSHIF) is pleased to announce financial and operating results for the three months and year ended December 31, 2023, and to provide 2023 year-end reserves information.  The associated Management's Discussion and Analysis ("MD&A") and audited financial statements as at and for the year ended December 31, 2023 can be found at www.lucerocorp.com. All dollar amounts in this news release are [Read more]

Source Rock Royalties announces record annual royalty production & revenue

CALGARY, AB, March 20, 2024 /CNW/ - Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces unaudited operational and financial highlights for fiscal 2023 and the fourth quarter of 2023 ("Q4 2023"). Annual royalty production and revenue were the highest results in Source Rock's 11-year history. Unaudited(1) annual results for fiscal 2023 were: Royalty Production - 208 boe/d (93% oil & [Read more]