BOE Report

Bonterra Energy Corp. announces retirement of George Fink as President & CEO

CALGARY, AB - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") today announced that Mr. George Fink will be retiring as President & CEO of the Company as of September 6, 2022. Mr. Fink will remain on the Company's Board of Directors. Mr. Patrick Oliver will be succeeding Mr. Fink as President & Chief Executive Officer and will be joining the Company's Board of Directors as of that date. Bonterra was founded in 1998 as a spin out from [Read more]

Tenaz Energy Corp. provides update to previously announced acquisition of SDX Energy PLC

CALGARY, AB - Tenaz Energy Corp. ("Tenaz", "we", "our", "us" or the "Company") (TSX: TNZ) would like to provide an update regarding our previously announced acquisition of SDX Energy Plc ("SDX"). Through public disclosures and communication with SDX, we have been informed that a shareholder representing that it owns 25.7% of SDX's issued and outstanding shares intends to vote against the proposed Scheme of Arrangement (the "Scheme") to amalgamate Tenaz and SDX. The Scheme requires, among [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$0.0100 per share in accordance with the Company's dividend policy. The dividend will be payable on August 15, 2022, to shareholders of record at the close of business on July 29, 2022. This monthly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes.   [Read more]

Surge Energy Inc. confirms August 2022 dividend

CALGARY, AB - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on August 15, 2022 in respect of July 2022 production, for the shareholders of record on July 31, 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 operating [Read more]

Canada Energy Partners arranges private placement

VANCOUVER, BC - Canada Energy Partners Inc. (NEX: CE.H) (the "Company") today announced a non-brokered private placement to raise gross proceeds of up to $400,000 through the issuance of up to 8,000,000 units at a purchase price of $0.05 per unit. Each unit shall consist of a common share and a non-transferable share purchase warrant entitling the holder thereof to acquire an additional common share at an exercise price of $0.15 for a period of 12 months. The Company may pay a finder's fee in [Read more]

Deloitte Canada expects oil and gas prices to remain high throughout the summer

CALGARY, AB - Rising demand for oil this summer is expected to keep crude oil prices at elevated levels despite a decision by OPEC+ countries to boost their output in July and August, according to the latest forecast from Deloitte Canada's Resource Evaluation and Advisory (REA) group. Prices for natural gas are also expected to remain high throughout the summer, a time when prices typically decline due to reduced demand in warmer months. While Deloitte expects a more positive investment outlook [Read more]

Source Rock Royalties Announces Equity Compensation Grants

CALGARY, AB, July 8, 2022 /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 in Saskatchewan and Alberta, announces that pursuant to its Restricted Share Unit and Deferred Share Unit Compensation Plan, it has granted (i) 472,500 deferred share units (each, a "DSU"); and (ii) 307,500 restricted share units (each, a "RSU"), to officers, directors and [Read more]

Canada opens call for carbon capture research, development and demonstration projects

REGINA, SK - A healthy environment and a healthy economy go hand in hand, and nowhere is that clearer than in Canada's clean energy future. The Government of Canada is investing to make Canada a leader in new technologies that will build a strong and resilient economy, create sustainable jobs, and fight climate change. Today, the Honourable Jonathan Wilkinson, Minister of Natural Resources, announced a $81.5-million call for expressions of interest to support research, development and [Read more]

Advantage Provides Second Quarter 2022 Operational Update and Outlook for 2023

CALGARY, AB, July 6, 2022 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to provide an operational update for the second quarter of 2022 and an outlook through 2023. Operational Update As a result of continued outperformance at Glacier, Wembley and Valhalla, production during the second quarter of 2022 increased to average approximately 60,000 boe/d (89% natural gas, 5% natural gas liquids and 6% light and medium crude oil).  This outperformance resulted from [Read more]

Entropy Inc. announces commissioning of the first phase of the 200,000 TPA glacier CCS project and provides corporate update

CALGARY, AB - Entropy Inc. ("Entropy" or the "Corporation"), a subsidiary of Advantage Energy Ltd. ("Advantage"), is pleased to announce that it has begun commissioning its first post-combustion carbon capture and storage ("CCS") project at the Glacier Gas Plant in Alberta, effective June 27, 2022. Commissioning of the first phase (47,000 tonnes per annum of CO2e ("TPA")) is expected to take several weeks with "first carbon" expected to be injected into permanent geological storage within four [Read more]