BOE Report

Crescent Point announces filing of 2021 annual information form and Form 40-F

CALGARY, AB - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) and (NYSE: CPG) confirms the filing of its Annual Information Form ("AIF") for the year ended December 31, 2021, with the Canadian securities regulatory authorities on the System for Electronic Analysis and Retrieval ("SEDAR"). In addition, Crescent Point has filed its Form 40-F for the year ended December 31, 2021, which includes the AIF, with the United States Securities and Exchange Commission on the [Read more]

Tourmaline Delivers Net Earnings Of $2 Billion In 2021, Adds 1,090 Mmboe Of 2P Reserves And Declares Dividend For Q1 2022

CALGARY, AB, March 2, 2022 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the full year and fourth quarter of 2021 as well as 2021 reserves. HIGHLIGHTS Full-year average 2021 production of 441,115 boepd was up 42% over 2020 average production of 310,598 boepd. Current production is ranging between 500,000-510,000 boepd, with a Q1 2022 exit of 510,000-515,000 boepd anticipated. Full-year 2021 after tax [Read more]

British Columbia shown to hold a wealth of renewable and low carbon gas potential

SURREY, BC - By 2050, the province's gas system could be completely supplied by made-in-B.C. renewable and low carbon sources. A study released today showed that, by 2050, the potential of renewable and low carbon gases1 could be as high as 440 petajoules (PJ) per year—roughly double what currently flows through FortisBC's gas infrastructure to British Columbians. The joint study commissioned by the Government of British Columbia, FortisBC Energy Inc.(FortisBC's) and BC Bioenergy Network [Read more]

Source Rock Royalties begins trading on the TSX Venture Exchange

CALGARY, AB - 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 its common shares and warrants will commence trading on the TSX Venture Exchange at the opening of the market today under the symbols "SRR" and "SRR.WT", respectively. On March 1, 2022, Source Rock closed an upsized initial public offering (the "Offering") for [Read more]

Paramount Resources Ltd. reports 2021 annual results and increased dividend and 2022 guidance

CALGARY, AB - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to report 2021 annual results that include record adjusted funds flow, continuing capital discipline, increased reserves with strong finding and development costs and recycle ratios and a 47% year-over-year reduction in net debt.  Paramount is also pleased to announce that it is increasing its regular monthly dividend from $0.06 per share to $0.08 per share beginning March 2022 and forecasting higher 2022 [Read more]

Source Rock Royalties closes upsized initial public offering for gross proceeds $12.3 million

CALGARY, AB - Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR) (TSXV: SRR.WT) announces that it has closed its initial public offering (the "Offering") of 13,667,100 units (each a "Unit" and collectively, the "Units") at a price of $0.90 per Unit (the "Offering Price") (including 333,100 Units sold in connection with the partial exercise of the Over-Allotment Option), for aggregate gross proceeds of $12,300,390, pursuant to a long form prospectus dated February 23, 2022 (the "Prospectus"). [Read more]

Topaz Announces 8% Dividend Increase And Fourth Quarter 2021 Delivers Record Free Cash Flow And 48% Liquids Production Growth

CALGARY, AB, March 1, 2022 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to provide fourth quarter and annual 2021 financial results, announce an 8% increase to its quarterly dividend and affirm the Company's 2022 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, [Read more]

Pembina Pipeline Corporation and KKR create joint venture to merge Western Canadian processing assets

CALGARY, AB - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) today announced that it has entered into definitive agreements with KKR to combine their respective western Canadian natural gas processing assets into a single, new joint venture entity ("Newco"), which will be owned 60 percent by Pembina and 40 percent by KKR's global infrastructure funds. Pembina will serve as the operator and manager of Newco. Included in the transaction are Pembina's field-based [Read more]

Government of Canada moves to prohibit import of Russian oil

OTTAWA, ON - In response to Russia's attack on Ukraine, the Government of Canada is taking strong and decisive action. Today, the Minister of Natural Resources, the Honourable Jonathan Wilkinson, announced the Government of Canada will ban crude oil imports from Russia. According to the Canada Energy Regulator, Canada does not currently import any crude oil from Russia, and has not since 2019. The new ban will ensure this remains the case going forward. Once approved, this ban will be [Read more]

Journey Energy Inc. Announces $10.5 Million “Bought Deal” Public Offering of Flow-Through Common Shares

CALGARY, AB, Feb. 28, 2022 /CNW/ - Journey Energy Inc. (TSX: JOY) ("Journey" or the "Company") announces that it has entered into an agreement with Acumen Capital Finance Partners Limited ("Acumen"), pursuant to which Acumen has agreed to purchase, on a "bought deal" basis, 2,480,000 common shares (the "Flow-Through Shares") of Journey to be issued as "flow-through shares" with respect to "Canadian development expenses" within the meaning of the Income Tax Act (Canada) and the regulations [Read more]