BOE Report

Oilsands veteran Mike Macsween to join board of McKay Métis Group – Adds Decades of Oilsands Experience

FORT McKAY, AB - The McKay Métis Group (MMG) is pleased to announce the appointment of Mike Macsween to its board of directors.  This appointment signals the next phase of MMG's growth strategy. Mike MacSween retired from Suncor Energy in 2022. Previously, he held the position of Suncor's Executive Vice President of Upstream since 2017. He led Suncor's oil sands, in situ, and exploration and production assets. Since joining Suncor in 1996, Mike held a variety of leadership roles, including [Read more]

Whitecap Resources Inc. closes dispositions and announces fourth quarter and year end 2022 results conference call / webcast

CALGARY, AB - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has closed all three previously announced dispositions of certain non-strategic assets for aggregate consideration of $419 million, including $394 million of cash, prior to closing adjustments, and producing assets that consolidate the working interest in one of our core assets. Proceeds from the dispositions have been used to reduce net debt1 to $1.5 billion which accelerates [Read more]

Yangarra announces financial and operations update & year end corporate reserves information

CALGARY, AB - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX: YGR) announces financial and operations update and the results of its 2022 year-end oil and gas reserves evaluation. 2022 Fiscal Year Update Highlights (financial numbers are unaudited and approximate) Production increased 23% to 11,022 boe/d Net Debt was reduced by 32% to $134 million PDP NAV per share increased 158% to $4.15/share PDP additions replaced 267% of 2022 production Proved reserves value [Read more]

Clearview Resources Ltd. provides a corporate update

CALGARY, AB - Clearview Resources Ltd. ("Clearview" or the "Company") is pleased to provide a corporate update to its shareholders. Clearview is very pleased to announce the Company has sold three non-core, non-operated assets for total proceeds of $3.3 million. "The disposition metrics from these properties were very attractive to Clearview and will free up capital to pursue returns to shareholders as well as a development drilling program," commented Rod Hume, Clearview's CEO. "Pro forma [Read more]

InPlay Oil Corp. confirms monthly dividend for February 2023

CALGARY AB - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to confirm that its Board of Directors has declared a monthly cash dividend of $0.015 per common share payable on February 28, 2023, to shareholders of record at the close of business on February 15, 2023.  The monthly cash dividend is expected to be designated as an "eligible dividend" for Canadian federal and provincial income tax purposes. About InPlay Oil Corp. InPlay is a junior oil and [Read more]

Dr. Fatih Birol, Executive Director of the International Energy Agency, applauds Canada’s approach to Energy Security

OTTAWA, ON, - Canada is establishing itself as a global supplier of choice for clean energy in a net-zero world — with one of the world's most comprehensive and detailed climate plans, a wealth of natural resources and a skilled workforce. Governments worldwide are looking for reliable, affordable, non-emitting forms of energy, and it is in this context that Canada is well placed to seize the economic opportunities presented by the global energy transition. Today, Dr. Fatih Birol, the [Read more]

Paramount Resources Ltd. announces February dividend

CALGARY, AB - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce that its Board of Directors has declared a cash dividend of $0.125 per common share that will be payable on February 28, 2023 to shareholders of record on February 15, 2023. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes.   [Read more]

Saturn Oil & Gas Inc. announces closing of $125 million bought deal offering

CALGARY, AB - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to announce that, further to the Company's January 20, 2023 press release, it has closed its previously announced bought deal offering (the "Bought Deal Offering").  Pursuant to the Bought Deal Offering, the Company issued a total of 59,242,000 subscription receipts ("Subscription Receipts") at a price of $2.11 per Subscription Receipt for gross proceeds of $125,000,620. The Bought Deal [Read more]

Enbridge provides notice of Series 19 preferred shares conversion right and announces reset dividend rates

CALGARY, AB - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that it does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Minimum Rate Reset Preference Shares, Series 19 (Series 19 Shares) (TSX: ENB.PF.K) on March 1, 2023. As a result, subject to certain conditions, the holders of the Series 19 Shares have the right to convert all or part of their Series 19 Shares on a one-for-one basis into Cumulative Redeemable [Read more]

Snuneymuxw First Nation and FortisBC Holdings Inc. sign agreement for Tilbury LNG projects, strengthening long-standing relationship

SNUNEYMUXW TERRITORY, BC - FortisBC Holdings Inc. ("FortisBC") and Snuneymuxw First Nation ("Snuneymuxw") are pleased to announce an agreement to work in close collaboration on the Tilbury Projects. On January 26, 2023, Snuneymuxw Chief Mike Wyse invited FortisBC President and CEO Roger Dall'Antonia to sign the agreement on Snuneymuxw traditional territory. The agreement respects Snuneymuxw's rights in relation to the potential project impacts and represents a commitment to share benefits [Read more]