BOE Report

Rubellite Energy Inc. announces closing of Rubellite financings; and new credit facility; and provides operations update

CALGARY, AB – Rubellite Energy Inc. ("Rubellite" or the "Company"), a pure play Clearwater oil exploration and development company, is pleased to announce the closing of its previously announced financings, a new credit facility and provide an operations update. Financings Rubellite has raised $83.5 million in equity, all priced at $2.00 per share, through a combination of: (i) a $33.5 million arrangement warrant financing (the "Arrangement Warrant Financing") whereby shareholders of [Read more]

Gibson Energy confirms 2021 third quarter earnings release date and provides conference call & webcast details

CALGARY, AB - Gibson Energy Inc. announced today that it expects to release its 2021 third quarter financial and operating results on Monday, November 1, 2021 after the close of North American markets.  The 2021 third quarter management's discussion and analysis and unaudited consolidated financial statements will be available on the Company's website at www.gibsonenergy.com and on SEDAR at www.sedar.com. Earnings Conference Call & Webcast Details A conference call and webcast will be [Read more]

Surge Energy Inc. announces $58 million Southeast Saskatchewan core area light oil acquisition; and an upward revision to 2021 exit rate and 2022 production guidance

CALGARY, AB - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) and Fire Sky Energy Inc. ("Fire Sky") announce that they have entered into an amalgamation agreement (the "Amalgamation Agreement"), pursuant to which Surge has agreed to acquire all of the issued and outstanding common shares of Fire Sky ("Fire Sky Shares") by way of a statutory amalgamation (the "Transaction") for total consideration of approximately $58 million. The Transaction is to be funded by the issuance of [Read more]

Topaz Energy Corp. publishes inaugural sustainability report

CALGARY, AB - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce the publication of its inaugural 2020 Sustainability Report which outlines how the Company has integrated environment, social & governance ("ESG") performance considerations within the Company's energy investment strategy. The report is available on the Company's website at www.topazenergy.ca. The Company's 2020 Sustainability Report covers its first full calendar year of operations, during [Read more]

Paramount Resources Ltd. announces October 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 $0.02 per Common Share that will be payable on October 29, 2021 to shareholders of record on October 15, 2021.  The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. [Read more]

Altura Energy Inc. provides virtual meeting details for the Oct. 7, 2021 special meeting

CALGARY, AB - Altura Energy Inc. ("Altura" or the "Company") (TSXV: ATU) provides virtual meeting details for the upcoming special meeting of shareholders (the "Meeting") to approve, among other things, the change of management transaction. The Meeting will be held on October 7, 2021 at 2:30 p.m. (Calgary time).  In the interest of public safety, and in response to the Province of Alberta's restrictions on group gatherings relating to the COVID-19 pandemic, the Meeting will be held as a virtual [Read more]

Spartan Delta Corp. announces early conversion of promissory note

CALGARY, AB - Spartan Delta Corp. ("Spartan" or the "Company") (TSX: SDE) announces that the $50.0 million unsecured non-interest-bearing convertible promissory note of the Company (the "Spartan Note") issued on March 18, 2021 in connection with the acquisition of Inception Exploration Ltd. was converted today into 5,882,353 common shares in the capital of the Company (the "Common Shares") at a conversion price of $8.50 per Common Share and the Spartan Note was cancelled. Pursuant to an [Read more]

Line 3 replacement project substantially completed and set to be fully operational

CALGARY, AB and DULUTH, Minn. - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced today the achievement of a major milestone with the substantial completion of the Line 3 Replacement Project and the establishment of an in-service date of October 1. This step marks the full replacement of the entire 1,765-kilometre/1,097-mile-long pipeline from Edmonton, AB. to Superior, WI. With new state-of-the-art, thicker-walled pipe, its completion ensures a safe, reliable supply of [Read more]

Cenovus and Headwater announce increase to previously announced bought deal secondary offering of Headwater common shares

CALGARY, AB - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) ("Cenovus" or the "Selling Shareholder") and Headwater Exploration Inc. (TSX: HWX) ("Headwater" or the "Company") announced today that, due to strong demand, they have agreed with the syndicate of underwriters led by Peters & Co. Limited and BMO Capital Markets to increase the size of the bought deal secondary offering (the "Offering") announced on September 27, 2021. Cenovus, through its wholly owned subsidiary, Cenovus Marten Hills [Read more]

Cenovus and Headwater announce bought deal secondary offering of Headwater common shares worth approximately $114 million

CALGARY, AB - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) ("Cenovus" or the "Selling Shareholder") and Headwater Exploration Inc. (TSX: HWX) ("Headwater" or the "Company") announced today that they have entered into an agreement with Peters & Co. Limited and BMO Capital Markets (the "Lead Underwriters"), on behalf of a syndicate of underwriters (together with the Lead Underwriters, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, from [Read more]