BOE Report

Gibson Energy announces renewal of normal course issuer bid

CALGARY, AB - Gibson Energy Inc. announced today the renewal of its Normal Course Issuer Bid ("NCIB"). Gibson's Board of Directors has approved a renewal of the Company's NCIB, and the Toronto Stock Exchange (the "TSX") has accepted Gibson's notice of intention to commence its NCIB for an additional one-year period.  This enables the Company to purchase and cancel up to 10%, or 11,715,229, of the public float for the issued and outstanding common shares as of August 26, 2021 over the next 12 [Read more]

Altura Energy announces second quarter 2021 financial and operating results

CALGARY, AB - Altura Energy Inc. ("Altura" or the "Corporation") (TSXV: ATU) is pleased to announce its financial and operating results for the three and six months ended June 30, 2021. The unaudited interim condensed consolidated financial statements and related management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2021 are available on SEDAR at www.sedar.com and on Altura's website at www.alturaenergy.ca. Selected financial and operating information for [Read more]

MEG Energy appoints Darlene Gates as Chief Operating Officer

CALGARY, AB - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Company") is pleased to announce the appointment of Darlene Gates as the Company's Chief Operating Officer and Chi-Tak Yee in the new position of Chief Technology Officer commencing September 7, 2021. "We are thrilled to have Darlene join the MEG team. She is a leader who brings direct operational and leadership experience in the oil sands, a track record of leading technical teams and stakeholder relations, including Indigenous [Read more]

CAPP releases energy platform for 2021 federal election

CALGARY, AB - The Canadian Association of Petroleum Producers (CAPP) has released its Energy Platform for Canada for the 2021 federal election. The platform is a forward-looking, solutions-based document outlining the crucial role Canada's natural gas and oil industry plays in three vital areas: Recovery - the energy industry is a primary engine in the country's economy and can help drive Canada's recovery by putting people back to work, creating investment, exports and economic growth, [Read more]

Entropy Inc. initiates formal process to pursue alternatives to fund carbon capture and sequestration (CCS) growth initiatives

CALGARY, AB - Entropy Inc. ("Entropy" or the "Corporation", a subsidiary of Advantage Energy Ltd., "Advantage") is pleased to announce the initiation of a formal process to explore alternatives for raising external capital, including a private placement of equity securities of the Corporation (the "Financing"). Entropy intends that the net proceeds from the Financing would be used to fund the commercial development of Carbon Capture and Sequestration ("CCS") projects using Entropy's [Read more]

Journey Energy Inc. announces closing of the private company acquisition

CALGARY, AB - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") reports that it has closed the previously announced private company ("PrivateCo") acquisition. The acquisition price was paid via the issuance of 3.5 million Journey shares plus $2.9 million of cash. The shareholders of PrivateCo voted overwhelmingly in favor of the Journey acquisition with 92% of the votes cast approving the deal. Production from PrivateCo's producing wells for the week ending August [Read more]

Prairie Storm Resources Corp. announces Q2 2021 results

CALGARY, AB - Prairie Storm Resources Corp. ("Prairie Storm" or the "Company") (TSXV: PSEC) is pleased to report its unaudited financial and operating results for the three and six months ended June 30, 2021. Selected financial and operating information is outlined below and should be read in conjunction with Prairie Storm's unaudited interim condensed consolidated financial statements and related management's discussion and analysis as at and for the three and six months ended June 30, [Read more]

Surge Energy Inc. announces closing of strategic $160 million Southeast Saskatchewan light oil acquisition; closing of new credit facilities; approval of share consolidation; and 2022 guidance

CALGARY, AB - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that it has successfully completed the previously announced acquisition (the "Acquisition") of Astra Oil Corp. ("Astra") pursuant to an arrangement (the "Arrangement") under the provisions of the Business Corporations Act (Alberta). SPECIAL MEETING RESULTS; 95% VOTE IN FAVOR OF ACQUISITION AND GREATER THAN 93% VOTE IN FAVOR OF THE SHARE CONSOLIDATION All the issued and outstanding common shares [Read more]

Tidewater Renewables completes initial public offering, announces positive FID on the renewable diesel and renewable hydrogen complex, and successful start-up of the canola co-processing project

CALGARY, AB - Tidewater Renewables Ltd. ("Tidewater Renewables" or the "Company") (TSX: LCFS), a multi-faceted, ‎energy transition company, is pleased to announce it has completed its initial public offering (the ‎‎"Offering") of 10,000,000 common shares ("Common Shares") at a price of C$15.00 per Common Share, for total gross ‎proceeds of C$150,000,000.‎ The Common Shares trade on the Toronto Stock Exchange under the symbol "LCFS".‎ Project Updates With the closing of the Offering, [Read more]