BOE Report

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]

Surge Energy Inc. confirms July 2023 dividend

CALGARY, AB, June 15, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on July 17, 2023, in respect of June 2023 production, for the shareholders of record on June 30, 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 Company's [Read more]

InPlay Oil Corp. announces renewal of credit facility

CALGARY, AB, June 13, 2023 /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to announce the completion of the annual renewal of its syndicated Senior Credit Facility. InPlay's Senior Credit Facility has been renewed at $110 million comprised of a $95 million revolving facility and a $15 million operating line of credit (together, the "Senior Credit Facility"). The borrowing base of the Senior Credit Facility has been reconfirmed at $110 [Read more]

Topaz Energy Corp. announces results of its annual meeting of shareholders

CALGARY, AB, June 14, 2023 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce that its shareholders approved all resolutions at the annual meeting of shareholders of the Company held on June 14, 2023 (the "Meeting").  A report of voting results will be available on SEDAR at www.sedar.com. The resolution to appoint the eight (8) nominees as directors of the Company was passed on a vote by poll and each of the directors received the following [Read more]

Keyera Provides Update on Alberta Wildfire Disruptions

CALGARY, AB, June 9, 2023 /CNW/ - Keyera Corp. (TSX: KEY) ("Keyera" or the "Company") is pleased to report the start-up of all six gas plants shut-in due to the Alberta wildfires. The impact of the outages on Keyera's second quarter Gathering and Processing segment operating margin is expected to be $13 million to $15 million. As a result of the disruption, the planned 10-day turnaround at the Wapiti gas plant, previously scheduled for the second quarter, has been deferred to the fourth [Read more]

InPlay Oil Corp. announces annual meeting voting results for election of directors

CALGARY AB, June 8, 2023 /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") announced today the voting results for the election of directors at its annual meeting of shareholders held on June 7, 2023 (the "Meeting").  The following six nominees were elected as directors of InPlay to serve until the next annual meeting of shareholders or until their successors are elected or appointed, with common shares represented at the Meeting voting in favour of individual [Read more]

Tourmaline declares quarterly dividend, announces election of directors and updates forest fire situation

CALGARY, AB, June 7, 2023 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.26 per share. The dividend will be payable on June 30, 2023 to shareholders of record at the close of business on June 15, 2023. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. ELECTION OF DIRECTORS Tourmaline [Read more]