BOE Report

Poll: 54% of Quebecers in favour of developing the province’s own oil resources

MONTREAL - A majority of Quebecers support the development of a local energy sector, according to an IPSOS poll commissioned by the Montreal Economic Institute (MEI) and published this morning. "Contrary to what the government says, Quebecers want the energy sector to develop," says Olivier Rancourt, economist at the MEI. "Quebecers understand that the province can help to replace Russian energy exports to the European Union all while creating quality jobs here at home." According to the [Read more]

CanAsia Energy Corp. – stock options granted

CALGARY, AB - CanAsia Energy Corp. ("CanAsia") (TSXV: CEC) announced today that it granted options to directors, officers, an employee and a consultant to purchase an aggregate of 1,675,000 common shares under CanAsia's equity incentive plan.  Each option has an exercise price of $0.23 (being the November 21, 2022 closing price of the shares on the TSX Venture Exchange), vests as to one-third on the grant date and one-third on each of the first and second anniversaries of the grant date and [Read more]

Surge Energy Inc. announces closing of previously announced upsized equity financing

CALGARY, AB - Surge Energy Inc. ("Surge", "SGY", or the "Company") (TSX: SGY) is pleased to announce the closing of the previously announced upsized, bought-deal equity financing (the "Financing") of 7,568,000 common shares of Surge ("Common Shares") at a price of $9.25 per Common Share, for gross proceeds of approximately $70.0 million. The Company has also granted to the Underwriters an over-allotment option to purchase 1,135,200 additional Common Shares, representing 15% of the size of [Read more]

AltaGas announces CEO succession plan

CALGARY, AB - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) announces that after a successful four years of leading the organization, Randy Crawford, President and Chief Executive Officer, will retire from AltaGas in the first half of 2023 as part of a planned leadership succession process. During this period, the Board of Director's will complete its work with external advisors to evaluate internal and external candidates. This timeline will ensure an orderly transition, as Mr. Crawford [Read more]

CanAsia Energy Corp. – increase in Andora ownership

CALGARY, AB - CanAsia Energy Corp. ("CanAsia") (TSXV: CEC) announced today that on November 18, 2022 CanAsia elected to convert the outstanding loan balance and accrued interest of the Second Credit Facility with Andora Energy Corporation ("Andora") into common shares of Andora. Pursuant to the Second Credit Facility with Andora dated November 10, 2020, and as amended August 31, 2021 to increase the maximum amount, CanAsia had the option to convert outstanding amounts at a conversion price of [Read more]

Kiwetinohk clarifies corporate sales; 26 – 27 thousand boe/d expected for November and December

CALGARY, AB - Kiwetinohk Energy Corp. (TSX: KEC) today clarifies its current sales by providing updated corporate sales levels and fourth quarter 2022 guidance.  The Company is also increasing its annual guidance for 2022 and providing an operational update on its new well performance, well costs and expected investment payouts on new well pads. Sales averaged approximately 17,000 boe/d for the month of October.  Total corporate sales are expected to average between approximately 26 - 27 [Read more]

Tamarack Valley Energy announces declaration of monthly dividend

CALGARY, AB - 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. This per share amount reflects the previously announced 25% increase to the base dividend in conjunction with the Deltastream acquisition. The dividend will be payable on December 15, 2022, to shareholders of record at the close of [Read more]

Inter Pipeline announces issuance of senior unsecured notes

CALGARY, AB - Inter Pipeline Ltd. ("Inter Pipeline") announced today that it has agreed to issue an aggregate of $1.25 billion of Senior Unsecured Notes (the "Notes") consisting of: $750 million of Notes with a fixed interest rate of 5.76% per annum, payable semi-annually commencing on February 17, 2023, that mature on February 17, 2028; and $500 million of Notes with a fixed interest rate of 6.38% per annum, payable semi-annually commencing on February 17, 2023, that mature on [Read more]

Headwater Exploration Inc. announces exploration update and release of inaugural environment, social, and governance report

CALGARY, AB - Headwater Exploration Inc. (the "Company" or "Headwater") (TSX: HWX) announces the results of its two stratigraphic exploration test wells. Headwater recently completed two stratigraphic test wells on our Shadow exploration prospect in the Greater Peavine area. Unfortunately, neither well encountered hydrocarbon bearing sands in our previously identified prospective zones. The drilling rig scheduled to drill three horizontal tests in this area is now being moved to our Utikima [Read more]

Surge Energy Inc. confirms December 2022 dividend

CALGARY, AB - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on December 15, 2022, in respect of November 2022 production, for the shareholders of record on November 30, 2022 will be $0.035 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 defined [Read more]