BOE Report

Vermilion Energy Inc. announces results for the year ended December 31, 2023 and accelerated return of capital

CALGARY, AB, March 6, 2024 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) is pleased to report operating and condensed financial results for the year ended December 31, 2023. The audited financial statements, management discussion and analysis and annual information form for the year ended December 31, 2023 will be available on the System for Electronic Document Analysis and Retrieval Plus ("SEDAR+") at www.sedarplus.ca, on EDGAR at [Read more]

Vermilion Energy Inc. announces $0.12 CDN cash dividend for April 15, 2024 payment date

CALGARY, AB, March 6, 2024 /CNW/ - Vermilion Energy Inc. ("Vermilion") (TSX: VET) NYSE: VET) is pleased to announce a cash dividend of $0.12 CDN per share, payable on April 15, 2024 to all shareholders of record on March 28, 2024. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). About Vermilion Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and optimization of producing [Read more]

Tourmaline delivers record production, increases 2P reserves to 5 billion BOE and declares an increased quarterly base dividend and a special dividend

CALGARY, AB, March 6, 2024 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the full year and fourth quarter of 2023, announce an increase in both 2023 reserves and the quarterly base dividend, as well as declare a special dividend and a quarterly dividend. HIGHLIGHTS Full-year 2023 cash flow(1) ("CF") was $3.71 billion ($10.73 per diluted share(2)). Fourth quarter 2023 CF was $918.0 million [Read more]

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]