BOE Report

Highwood Asset Management Ltd. announces initial inferred resource lithium-brine estimate of 18.1 million tonnes of lithium carbonate equivalent at the Drumheller property

CALGARY, AB - Highwood Asset Management Ltd. (TSXV: HAM) ("Highwood" or the "Company") is pleased to announce the filing of NI 43-101 Technical Report Lithium Resource Estimate for its Drumheller Property. Highlights The Drumheller Property land base of 363,522 hectares (895,811 acres) represents 23.5% of Highwood's total Alberta and British Columbia land position. The initial Inferred Lithium-Brine Resource at Drumheller has been calculated within 3 separate resource domains, the [Read more]

Advantage announces record 2021 year-end results, reserves, operational update

CALGARY, AB - Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to report 2021 year-end results, reserves and an operational update. Advantage achieved record results during 2021, while capital spending remained modest. Advantage's long history of disciplined capital deployment continued, with every well drilled since the second half of 2020 achieving payout in under one year and many achieving payout in under 5 months. The Corporation has a line-of-sight to eliminate net [Read more]

Enerplus announces fourth quarter and full year 2021 financial and operating results; 2022 guidance; increases share repurchases; updates five-year outlook

CALGARY, AB - Enerplus Corporation ("Enerplus" or the "Company") (TSX: ERF) (NYSE: ERF) today reported fourth quarter 2021 cash flow from operating activities and adjusted funds flow(1) of $283.5 million and $258.5 million, respectively, compared to $70.9 million and $68.6 million, respectively, in the fourth quarter of 2020. Full year 2021 cash flow from operating activities and adjusted funds flow(1) was $604.8 million and $712.4 million, respectively, compared to $335.9 million and $265.5 [Read more]

Enerplus announces 2021 year end reserves results

CALGARY, AB - Enerplus Corporation ("Enerplus" or the "Company") (TSX: ERF) & (NYSE: ERF) today reported year-end 2021 reserves under U.S. Standards and Canadian NI 51-101 Standards. 2021 RESERVES HIGHLIGHTS U.S. Standards - after deduction of royalties ("net"), constant prices, U.S. dollars: Year end 2021 reserves summary: Net proved developed producing reserves were 200 MMBOE, an increase of 77% year-over-year Net total proved reserves were 339 MMBOE, an increase of [Read more]

Whitecap Resources Inc. announces record production and funds flow and increases 33%

CALGARY, AB - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and audited financial results for the quarter and year ended December 31, 2021. Selected financial and operating information is outlined below and should be read with Whitecap's audited annual consolidated financial statements and related management's discussion and analysis for the three and twelve months ended December 31, 2021 which are available at www.sedar.com and on our [Read more]

Journey Energy Inc. reports 2021 year-end reserves, increases PDP value 133% while reducing debt levels by 39%

CALGARY, AB - Journey Energy Inc. (TSX: JOY) ("Journey" or the "Company") is pleased to report its year-end 2021 oil and gas reserves evaluation.  These results highlight another excellent year in the Company's transition following our restructuring in October 2020.  2021 Reserve Report Highlights: Proved developed producing reserves increased 20% to 24.0 MMboe, with a corresponding increase of 133% in NPV@10% to $180.1 million ($193.8 million including the Countess Power Project [Read more]

Minister Wilkinson marks progress in reducing methane emissions in Saskatchewan

OTTAWA, ON - Methane is responsible for approximately 30 percent of the global rise in temperatures to date and accounts for approximately 13 percent of Canada's total greenhouse gas emissions. Cutting emissions from methane is one of the fastest and lowest-cost ways to fight climate change and is one of the top recommendations made by climate scientists in the most recent report of the Intergovernmental Panel on Climate Change. Today, the Honourable Jonathan Wilkinson, Canada's Minister of [Read more]

PetroShale announces officer appointment

CALGARY, AB - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH) (OTCQX: PSHIF) is pleased to announce the appointment of Anthony Baldwin as Vice President Business Development. Mr. Baldwin has over 17 years of oil and gas experience in leadership and business development roles, most recently as the President of Crescent Point Energy U.S. Corp. ("Crescent Point U.S."). Previously, Mr. Baldwin was Vice President, Land and Business Development of Crescent Point U.S., and prior thereto, [Read more]

Clearview Resources Ltd. 2022 Corporate And Operations Update

CALGARY, AB, Feb. 18, 2022 /CNW/ - Clearview Resources Ltd. ("Clearview" or the "Company") is pleased to announce the following corporate update. Clearview's path forward is substantially clearer at the end of 2021 than at any time since the beginning of the COVID-19 pandemic. Higher commodity prices coupled with the convertible debenture financing at the end of 2020 has allowed the Company to retire substantial bank debt, reduce our inactive well abandonment and reclamation liabilities and [Read more]

Saturn Oil & Gas Inc. announces upsize to bought public offering

CALGARY, AB - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to announce that it has amended the terms of its previously announced offering of Units (as defined below). Under the amended terms of the Bought Public Offering (as defined below), a syndicate of underwriters led by Echelon Capital Markets (the "Underwriters") have agreed to purchase 5,340,000 Units (the "Units") from the treasury of the Company, at a price of $3.00 per Unit (the "Issue [Read more]