BOE Report

Tamarack Valley Energy Ltd. releases 2023 Sustainability Report and provides operational update

CALGARY, AB, June 29, 2023 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") is pleased to announce the release of its fourth annual Sustainability Report, highlighting the Company's ongoing commitment to environmental, social and governance (ESG) principles and sustainable practices during 2022. The Company continues to look for opportunities to ensure the long-term sustainability of the Company and the Canadian energy sector. Highlights of Tamarack's 2022 [Read more]

Tenaz Energy Corp. announces acquisition of European gas assets

CALGARY, AB, June 26, 2023 /CNW/ - Tenaz Energy Corp. ("Tenaz", "Our", "We", or the "Company") (TSX: TNZ) is pleased to announce an agreement to acquire 100% of the issued and outstanding shares (the "Acquisition") of XTO Netherlands Ltd. ("XTO") from XH LLC ("XH"), a wholly owned subsidiary of ExxonMobil Corporation. Closing of the Acquisition is expected to occur in Q3 2023. Tenaz will not be issuing equity in connection with the Acquisition. The Acquisition generates the [Read more]

Gibson Energy announces closing of $403 million bought deal offering of subscription receipts and exercise of over-allotment option

CALGARY, AB, June 22, 2023 /CNW/ - Gibson Energy Inc. ("Gibson" or the "Company") (TSX: GEI) is pleased to announce the closing of its previously announced bought deal offering (the "Equity Offering") of subscription receipts ("Subscription Receipts"). Pursuant to the Equity Offering, Gibson issued a total of 20,010,000 Subscription Receipts, including 2,610,000 Subscription Receipts issued pursuant to the exercise in full by the underwriters of their over-allotment option. The Subscription [Read more]

Tidewater announces second quarter 2023 dividend

CALGARY, AB, June 22, 2023 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater") (TSX: TWM) is pleased to announce that its Board of Directors has declared a dividend for the second quarter 2023 of $0.01 per common share payable on or about July 31, 2023 to shareholders of record on June 30, 2023. The ex-dividend date is June 29, 2023. This dividend is an eligible dividend for the purpose of the Income Tax Act (Canada). ABOUT TIDEWATER Tidewater is traded on the TSX [Read more]

Gibson Energy announces $900 million medium term note offerings and $200 million hybrid note offering

All financial figures are in Canadian dollars unless otherwise noted CALGARY, AB, June 20, 2023 /CNW/ - Gibson Energy Inc. ("Gibson" or the "Company") (TSX: GEI) announced today that it will issue $900 million of senior unsecured medium term notes consisting of $350 million of 5.80% senior unsecured medium term notes due 2026, $350 million of 5.75% senior unsecured medium term notes due 2033 and $200 million of 6.20% senior unsecured medium term notes due 2053 (collectively, the "Senior [Read more]

Tamarack Valley Energy announces declaration of monthly dividend

CALGARY, AB, June 20, 2023 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce that the Board of Directors has 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 payable on July 14, 2023, to shareholders of record at the close of business on June 30, 2023. This monthly cash dividend is designated as an "eligible dividend" for Canadian income tax [Read more]

Advantage announces operational update

CALGARY, AB, June 20, 2023 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to provide an operational update in advance of today's scheduled analyst presentation. While Glacier well results continue to achieve new benchmarks, Wembley, Valhalla and Progress have now been established as top-tier development-ready liquids assets. Highlights At Glacier, the last 14 wells have achieved an average IP30 of 14.3 mmcf/d (see table below), an increase of over 35% [Read more]

Lucero Energy Corp. announces US$104.6 million asset disposition, revised 2023 guidance and normal course issuer bid

CALGARY, AB, June 15, 2023 /CNW/ - Lucero Energy Corp. ("Lucero" or the "Company") (TSXV: LOU) (OTCQB: PSHIF) is pleased to announce the Company has executed and closed a definitive purchase and sale agreement with an arm's length purchaser, to divest of certain non-strategic, non-operated assets within Lucero's North Dakota Bakken/Three Forks play (the "Disposition" and "Disposed Assets") for cash consideration of C$140.2 million1 (US$104.6 million) before customary closing adjustments2.  The [Read more]

Third Eye Capital exits loan in Pieridae Energy with significant returns; retains stock and senior loan at parent company

TORONTO, June 15, 2023 /CNW/ - Third Eye Capital Corporation ("Third Eye Capital"), Canada's leading provider of asset-based financing solutions to companies that are underserved or overlooked by traditional sources of capital, confirmed today that it has substantially exited its investment in Pieridae Energy Limited. (TSX: PEA). Through Erikson National Energy ("Erikson"), a special purpose entity, Third Eye Capital made a net loan of $200 Million to a subsidiary of Pieridae Energy in October [Read more]

Source Rock Royalties declares monthly dividend

CALGARY, AB, June 15, 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 light oil focused royalties, announces that its board of directors has declared a monthly dividend of $0.0055 per common share, payable in cash on July 14, 2023 to shareholders of record on June 30, 2023. This dividend is designated as an "eligible dividend" for Canadian income tax purposes. About Source Rock [Read more]