BOE Report

MEG receives TSX approval for renewal of normal course issuer bid

CALGARY, AB, March 6, 2024 /CNW/ - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Corporation") announces today that the Toronto Stock Exchange (the "TSX") has approved the renewal of the Corporation's normal course issuer bid (the "Bid"). Pursuant to the Bid, MEG will purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 24,007,526 common shares of the Corporation. The Bid will become effective on March 11, 2024 and will terminate on March 10, 2025 or such [Read more]

Paramount Resources Ltd. announces 2023 annual results, non-core asset disposition and revised 2024 guidance

CALGARY, AB, March 6, 2024 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce its 2023 annual financial and operating results, highlighted by record production, and a $47 million non-core asset disposition.  The Company is also providing a production update and revised 2024 guidance. 2023 HIGHLIGHTS The Company achieved record annual sales volumes of 96,393 Boe/d (46% liquids) in 2023. Sales volumes in the fourth quarter were 101,348 Boe/d [Read more]

SECURE announces redemption of senior unsecured notes

CALGARY, AB, March 6, 2024 /CNW/ - SECURE Energy Services Inc. ("SECURE" or the "Corporation") announced that it has delivered a notice of redemption (the "Redemption Notice") for all of its outstanding 7.25% Senior Unsecured Notes due 2026 (the "Notes") effective March 5, 2024. The aggregate principal amount of the Notes currently outstanding is $340 million. As set forth in the Redemption Notice, the redemption date will be March 22, 2024 ("the Redemption Date"), and the redemption price is [Read more]

Journey Energy Inc. announces $38 million “bought deal” private placement offering

CALGARY, AB, March 5, 2024 /CNW/ - Journey Energy Inc. (TSX: JOY) (the "Company" or "Journey") is pleased to announce that it has entered into an agreement with Echelon Wealth Partners Inc. (the "Underwriter") pursuant to which the Underwriter has agreed to purchase, on a bought deal, private placement basis, 38,000 senior unsecured convertible debentures of the Company (the "Convertible Debentures", each a "Convertible Debenture") at a price of $1,000 per Convertible Debenture for total gross [Read more]

Bonterra Energy announces fully funded Charlie Lake asset acquisition to establish new complementary core area

CALGARY, AB, March 4, 2024 /CNW/ - Bonterra Energy Corp. (TSX: BNE) ("Bonterra" or the "Company") is pleased to announce that the Company has acquired a high quality, undeveloped Charlie Lake asset that is prospective for light oil, comprised of 79 net sections of land in Bonanza, Alberta and 330 BOE per day1 of production, for total cash consideration of $24.1 million ("the Acquisition"). The Acquisition, which closed on March 1, 2024, is complementary to the Company's existing 37 net sections [Read more]

Advantage announces record 2023 year-end results, reserves and reduced capital guidance

(TSX: AAV) CALGARY, AB, March 4, 2024 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to report 2023 year-end financial and operating results as well as year-end 2023 reserves. Advantage achieved exceptional results during 2023, including record production, improved well results, and significant share buybacks, while ending the year below our net debt target. Additional achievements included an unbudgeted $10 million acquisition of 53 net Montney sections at [Read more]

Topaz continues to deliver reliable, high-margin revenue & significant operator-funded reserve replacement and announces dividend increase

CALGARY, AB, March 4, 2024 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to provide fourth quarter and annual 2023 financial results and confirm the Company's 2024 guidance estimates.  Select financial information is outlined below and should be read in conjunction with Topaz's consolidated financial statements and related management's discussion and analysis ("MD&A") as at and for the year ended December 31, 2023, which are available on SEDAR+ at [Read more]

Simpson Oil Limited issues statement regarding Parkland Corporation’s Annual General Meeting

GRAND CAYMAN, Cayman Islands, March 3, 2024 /CNW/ - This press release is being issued by Simpson Oil Limited ("Simpson Oil") in relation to the 2024 Annual General Meeting ("AGM") of Parkland Corporation ("Parkland") which is scheduled to be held on 28 March 2024. As previously announced by Parkland on 31 December 2023, Marc Halley and Michael Christiansen, who had served as nominees of Simpson Oil pursuant to a board nomination agreement (the "Nomination Agreement") between Simpson Oil and [Read more]

G2S2 Capital Inc. announces increased investment in Western Energy Services Corp.

HALIFAX, NS, March 1, 2024 /CNW/ - G2S2 Capital Inc. ("G2S2") announces that it has acquired ownership of, and control over, an additional 698,700 common shares of Western Energy Services Corp. ("Western"). Specifically, on March 1, 2024, G2S2 acquired 698,700 common shares through the facilities of the Toronto Stock Exchange at a price of $2.60 per share (the "Acquisition"), representing approximately 2.06% of the outstanding common shares. Prior to the Acquisition, G2S2 owned and [Read more]

InPlay Oil Corp. confirms monthly dividend for March 2024

CALGARY AB, Mar. 1, 2024 /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to confirm that its Board of Directors has declared a monthly cash dividend of $0.015 per common share payable on March 29, 2024, to shareholders of record at the close of business on March 15, 2024.  The monthly cash dividend is expected to be designated as an "eligible dividend" for Canadian federal and provincial income tax purposes. About InPlay Oil Corp. InPlay [Read more]