BOE Report

Journey Energy Inc. generates $155 million of net income and $101 million of adjusted funds flow in 2022

CALGARY, AB, March 8, 2023 /CNW/ - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce its operating and financial results.  The complete set of financial statements and management discussion and analysis for the years ended December 31, 2022 and 2021 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. Highlights for 2022 are as follows: Generated net income of $97.8 million in the fourth quarter of 2022 and $155.2 [Read more]

Vermilion Energy Inc. announces results for the year ended December 31, 2022

CALGARY, AB - 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, 2022. The audited financial statements, management discussion and analysis and annual information form for the year ended December 31, 2022 will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml, and on [Read more]

Vermilion Energy Inc. announces $0.10 CDN cash dividend for April 17, 2023 payment date

CALGARY, AB, March 8, 2023 /CNW/ - Vermilion Energy Inc. ("Vermilion") (TSX: VET) (NYSE: VET) is pleased to announce a cash dividend of $0.10 CDN per share, payable on April 17, 2023 to all shareholders of record on March 31, 2023. 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 [Read more]

Surge Energy Inc. announces 2022 fourth quarter and year end financial and operating results, and 2022 year end reserves

CALGARY, AB, March 8, 2023 /CNW/ - Surge Energy Inc. ("Surge", "SGY", or the "Company") (TSX: SGY) is pleased to announce its financial and operating results for the quarter and year ended December 31, 2022; its year end 2022 reserves as independently evaluated by Sproule Associates Limited ("Sproule"); and a new Total Proven Plus Probable ("TPP") net asset value1 ("NAV") of $22.37 per share. Surge's new year end 2022 Proved Developed Producing ("PDP") NAV1 per share increased 107 [Read more]

Kiwetinohk provides fourth quarter 2022 results and year-end reserves report

CALGARY, AB - Kiwetinohk Energy Corp. (TSX: KEC) today reported its 2022 fourth quarter, annual financial and operational results, and year-end reserves evaluation. As companion documents to this news release, please review the company's management discussion and analysis (MD&A), financial statements and annual information form (AIF) (company website or www.SEDAR.com) for additional financial and operational details. Financial and operating highlights Q4 2022 Q3 [Read more]

MEG Receives TSX approval for renewal of normal course issuer bid

CALGARY, AB - 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 28,596,214 common shares of the Corporation. The Bid will become effective on March 10, 2023 and will terminate on March 9, 2024 or such earlier time as the [Read more]

Paramount Resources Ltd. announces record 2022 annual results

CALGARY, AB - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to report 2022 annual financial and operating results highlighted by record production, adjusted funds flow and free cash flow and substantial reserves additions. HIGHLIGHTS The Company achieved record annual sales volumes of 88,672 Boe/d (45% liquids) in 2022. Fourth quarter sales volumes averaged 97,370 Boe/d (45% liquids), of which 64,434 Boe/d (51% liquids) was produced in the Grande Prairie [Read more]

Clearview Resources Ltd. reports December 31, 2022 corporate reserves information

CALGARY, AB, March 6, 2023 /CNW/ - Clearview Resources Ltd. ("Clearview" or the "Company") is pleased to announce its 2022 year end reserves information. The past fiscal year will be remembered as one of significant transition for Clearview. First and foremost, the Company successfully repaid all borrowings drawn on its senior credit facility and ended 2022 with a cash balance on hand. Part of the funds used to pay down bank debt arose from the disposition of non-core, [Read more]

Yangarra Announces $15 Million Bought Deal Financing of Flow-Through Common Shares

CALGARY, AB, March 6, 2023 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX: YGR) announces it has entered into an equity financing agreement, on a bought deal basis, with a syndicate of underwriters (collectively, the "Underwriters") led by ATB Capital Markets Inc. and CIBC Capital Markets. Under the terms of the agreement, Yangarra will issue an aggregate of 5,905,600 common shares to be issued on a flow-through basis in respect of Canadian development expenses [Read more]

Perpetual Energy Inc. reports year-end 2022 financial and operating results and reserves and provides operations update and 2023 guidance

CALGARY, AB, March 2, 2023 /CNW/ - (TSX: PMT) – Perpetual Energy Inc. ("Perpetual", or the "Company") is pleased to release its fourth quarter and year-end 2022 financial and operating results and a summary of the Company's year-end 2022 reserves as reported by the independent engineering firm McDaniel and Associates Consultants Ltd. ("McDaniel"). A complete copy of Perpetual's audited consolidated financial statements, Management Discussion and Analysis ("MD&A") and Annual Information Forum [Read more]