BOE Report

Journey Energy Inc. announces $15 million “Bought Deal” public offering of flow-through common shares

CALGARY, AB - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters, led by Stifel FirstEnergy (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 2,265,861 common shares (the "Flow-Through Shares") of Journey to be issued as "flow-through shares" with respect to "Canadian development expenses" within the meaning [Read more]

Topaz delivers record liquids production and significant proved reserves replacement in 2022, announces 2023 guidance and declares quarterly dividend

CALGARY, AB, Feb. 28, 2023 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to provide fourth quarter and annual 2022 financial results and announce the Company's 2023 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, 2022, which are available on SEDAR at [Read more]

MEG Energy announces 2022 financial and operating results

All financial figures are in Canadian dollars ($ or C$) and all references to barrels are per barrel of bitumen unless otherwise noted. The Corporation's Non-GAAP and Other Financial Measures are detailed in the Advisory section of this news release. They include: cash operating netback, blend sales, bitumen realization net of transportation and storage expense, operating expenses net of power revenue, energy operating costs net of power revenue, non-energy operating costs, energy operating [Read more]

CanAsia Announces December 31, 2022 Contingent Bitumen Resources For Sawn Lake, Alberta SAGD Project Of Andora Energy Corporation

CALGARY, AB, Feb. 27, 2023 /CNW/ - CanAsia Energy Corp. (TSXV: CEC), on behalf of its 88.2% owned subsidiary Andora Energy Corporation ("Andora"), is pleased to release the December 31, 2022 Contingent Bitumen Resources Report ("Resources Report") which is a National Instrument 51-101 compliant resources evaluation for Andora's oil sands interests at Sawn Lake Alberta, Canada, as evaluated by independent qualified reserves evaluator Sproule Associates Limited ("Sproule").  The evaluation [Read more]

Journey Energy Inc. achieves record 2022 year-end reserve levels and increased year over year PDP value per share by 138%

CALGARY, AB - Journey Energy Inc. (TSX: JOY) ("Journey" or the "Company") is pleased to report its year-end 2022 oil and gas reserves evaluation.  These results highlight another excellent year of value creation and prudent capital allocation.  2022 Reserve Report Highlights: Proved developed producing ("PDP") reserves increased 66% to 39.8 MMboe, with a corresponding increase of 169% in NPV@10% to $485 million from $180.1 million in 2021. The PDP reserve life index increased to 8.3 [Read more]

Resource sector provides highest paying jobs for Indigenous workers in Canada

CALGARY, AB - Data from Census 2021 show that the extractive resource sectors, and the oil and gas sector specifically, provide the highest paying average wages for Indigenous workers in Canada. Indigenous people in Canada make almost three times more working in the oil and gas extraction sector than the average Indigenous worker ($140,400 vs $51,120 average employment income) and almost twice as much working in mining ($93,600). Forestry also paid higher than average [Read more]

Hammerhead Energy files final Canadian non-offering prospectus and confirms expected trading on the NASDAQ and TSX

CALGARY, AB - Hammerhead Energy Inc. ("Hammerhead Energy" or the "Corporation") today announced that in connection with the previously announced business combination among the Corporation, Hammerhead Resources Inc. and Decarbonization Plus Acquisition Corporation IV, which was completed on February 23, 2023, the Corporation has filed and received a receipt from the Alberta Securities Commission for its final Canadian non-offering prospectus. The Corporation is now a reporting issuer under [Read more]

Kiwetinohk announces correction to FactSet issued insider trading report

CALGARY, AB - Kiwetinohk Energy Corp. (TSX: KEC) is aware of a FactSet ownership update report indicated CEO Pat Carlson sold Kiwetinohk shares. FactSet confirms this reported transaction is incorrect and advises the error will be corrected. Neither Pat nor his spouse have sold Kiwetinohk shares since founding the company in 2018. About Kiwetinohk We, at Kiwetinohk, are passionate about addressing climate change and the future of energy. Kiwetinohk's mission is to build a profitable [Read more]

Advantage Announces Record 2022 Year-End Results and Reserves

(TSX: AAV) CALGARY, AB, Feb. 23, 2023 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to report 2022 year-end financial and operating results as well as year-end 2022 reserves. Advantage achieved exceptional results during 2022, delivering clean, secure energy during the global energy shortage.  Cash flow from operations was unprecedented, allowing the Corporation to buy back 11% of our outstanding shares in 8 months, returning $241 million to our shareholders, in [Read more]

Enerplus announces fourth quarter and full year 2022 financial and operating results; 2023 guidance; updates five-year outlook through 2027

All financial information contained within this news release has been prepared in accordance with U.S. GAAP and is presented in U.S. dollars. This news release includes forward-looking statements and information within the meaning of applicable securities laws. Production information, unless otherwise stated, is presented on a net basis (after deduction of royalty obligations). Readers are advised to review the "Forward-Looking Information and Statements" at the conclusion of this news release. [Read more]