BOE Report

Tenaz Energy Corp. announces 2024 budget and guidance

CALGARY, AB, December 21, 2023 /CNW/ - Tenaz Energy Corp. ("Tenaz", "Our", "We", or the "Company") (TSX: TNZ) is pleased to announce its 2024 budget and guidance. Our Board of Directors has approved a drilling and development capital ("D&D CAPEX") budget of $23 to $25 million for 2024. We also intend to invest $3 million in exploration and evaluation capital ("E&E CAPEX") to evaluate a potential CCS project in the Dutch North Sea. Production guidance for 2024 is 2,700 to 2,900 [Read more]

Hammerhead Energy Inc. announces shareholder and court approval for the plan of arrangement

CALGARY, AB, Dec. 20, 2023 /CNW/ - Hammerhead Energy Inc. ("Hammerhead" or the "Corporation") (TSX: HHRS) (NASDAQ: HHRS) is pleased to announce that today at its special meeting (the "Meeting") of the holders (the "Shareholders") of Class A common shares of Hammerhead (the "Common Shares"), the Shareholders passed a special resolution (the "Arrangement Resolution") approving a plan of arrangement under Section 193 of the Business Corporations Act (Alberta), pursuant to which Crescent Point [Read more]

Canada Energy Regulator issues reasons for decision for denying Trans Mountain’s pipe size variance application

CALGARY, AB, Dec. 20, 2023 /CNW/ - The Commission of the Canada Energy Regulator has determined that Trans Mountain did not adequately address concerns about pipeline integrity and related environmental protection impacts in its pipe size variance application. These concerns outweighed the benefits for earlier completion of the Trans Mountain Expansion Project (TMEP). The 2.3-kilometre section located beside the Fraser River, between Hope and the Burnaby Tank Terminal, was [Read more]

Canada Growth Fund announces strategic investment in Entropy Inc. and carbon credit offtake commitment

Currency: CAD unless otherwise stated CALGARY, AB, Dec. 20, 2023 /CNW/ - Today, Canada Growth Fund Inc. ("CGF") and Advantage Energy Ltd. (TSX: AAV) ("Advantage") announced that CGF has entered into a strategic investment agreement with Entropy Inc. ("Entropy" or the "Company"), a Calgary-based developer of technologically-advanced carbon capture and sequestration ("CCS") projects with the potential to significantly reduce emissions in Canada and worldwide. CGF has agreed to a $200 [Read more]

Kiwetinohk renews Normal Course Issuer Bid

CALGARY, AB, Dec. 19, 2023 /CNW/ - Kiwetinohk Energy Corp. (TSX: KEC) ("Kiwetinohk" or the "Company") is pleased to announce that the Toronto Stock Exchange (TSX) has approved the Company's notice to renew its normal course issuer bid (NCIB) for its common shares. The NCIB is anticipated to commence on December 22, 2023 and to expire December 21, 2024. Kiwetinohk may purchase up to 2,183,477 common shares under the NCIB, representing 5% of the 43,669,544 issued and outstanding [Read more]

Tamarack Valley Energy closes previously announced Clearwater Infrastructure Partnership transaction and announces declaration of monthly dividend

CALGARY, AB, Dec. 15, 2023 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce that it has successfully closed the previously announced Clearwater Infrastructure Limited Partnership (the "CIP") transaction, as outlined in the Company's December 13, 2023 press release. The Board of Directors has also declared a monthly cash dividend on its common shares of C$0.0125 per share in accordance with the Company's dividend policy. The dividend will be [Read more]

Surge Energy Inc. confirms January 2024 dividend

CALGARY, AB, Dec. 15, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on January 15, 2024, in respect of December 2023 production, for the shareholders of record on December 31, 2023, will be $0.04 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The [Read more]

Lucero Energy Corp. announces 2024 capital budget and production guidance

Unless otherwise noted, all monetary amounts in this news release are stated in Canadian dollars. CALGARY, AB, Dec. 14, 2023 /CNW/ - Lucero Energy Corp. ("Lucero" or the "Company") (TSXV: LOU) (OTCQB: PSHIF) is pleased to announce that the Company's Board of Directors has approved a 2024 capital budget1 of US$65 million (approximately C$88 million). Lucero's strategic objectives associated with the 2024 capital budget align with the Company's long-term objectives of achieving disciplined [Read more]

Source Rock Royalties declares monthly dividend

CALGARY, AB, Dec. 14, 2023 /CNW/ - Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR) (TSXV: SRR.WT), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces that its board of directors has declared a monthly dividend of $0.006 per common share, payable in cash on January 15, 2024 to shareholders of record on December 29, 2023. This dividend is designated as an "eligible dividend" for Canadian income tax purposes. About Source Rock Royalties [Read more]

Kiwetinohk Energy announces 2024 budget

CALGARY, AB, Dec. 13, 2023 /CNW/ - Kiwetinohk Energy Corp. (TSX: KEC) ("Kiwetinohk" or the "Company") today provided an update on fourth quarter operating results, announced its 2024 budget, and established a three-year growth target of 40,000 boe/d of annualized sales volumes. Message to shareholders "In consideration of the evolving business environment, our 2024 budget is aimed to serve the goal of maximizing shareholder value, providing optionality and delivering safe and reliable [Read more]