BOE Report

Entropy Inc. announces multiple CCS project evaluation engagements totaling approximately 1 million tonnes per annum, and expands executive team and board of directors

CALGARY, AB - Entropy Inc. ("Entropy" or the "Corporation", a subsidiary of Advantage Energy Ltd.) is pleased to announce Memoranda of Understanding ("MOUs") with four separate emitting corporations to develop Carbon Capture and Storage ("CCS") projects totaling approximately 1 million tonnes per annum ("TPA"). These MOUs represent an important step in commercial deployment of Entropy technology, demonstrate versatility across a broad range of applications and jurisdictions, and provide [Read more]

Tourmaline declares quarterly dividend and announces election of directors

CALGARY, AB - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.16 per common share. The dividend will be payable on June 30, 2021 to shareholders of record at the close of business on June 15, 2021. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Tourmaline also announces that the nominees listed in its [Read more]

Inter Pipeline completes acquisition of Milk River pipeline system

CALGARY, AB - Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) announced today it has completed the acquisition of the Milk River pipeline system from Plains Midstream Canada ULC, in exchange for its 100 percent ownership interest in the Empress II and 50 percent ownership interest in the Empress V straddle plants. Inter Pipeline also received cash proceeds of approximately $35 million, which will be used to reduce outstanding indebtedness. The Milk River pipeline system provides an [Read more]

Inter Pipeline continues to recommend rejection of Brookfield’s hostile bid

CALGARY, AB - Inter Pipeline Ltd. ("Inter Pipeline" or the "Company") (TSX: IPL) today reiterated its recommendation that shareholders reject a hostile takeover bid at a value of $16.50 per share (the "Hostile Bid") from an affiliate of Brookfield Infrastructure Partners L.P. ("Brookfield"). Inter Pipeline's board of directors (the "Board") has unanimously determined that the Hostile Bid is not in the best interests of the Company or its shareholders. As disclosed separately today, the [Read more]

Pembina and Inter Pipeline to combine highly integrated and complementary businesses to accelerate long-term strategic plan

CALGARY, AB - Pembina Pipeline Corporation (TSX: PPL) (NYSE: PBA) ("Pembina") and Inter Pipeline Ltd. (TSX: IPL) ("Inter Pipeline") announced today that they have entered into an arrangement agreement for Pembina to acquire all of the issued and outstanding shares of Inter Pipeline in a share-for-share transaction (the "Transaction"), which values Inter Pipeline common shares at approximately $8.3 billion, or $19.45 per share, based on the closing price of Pembina's common shares on May 31, [Read more]

Tamarack Valley Energy Ltd. announces closing of previously announced Anegada Oil Corp. acquisition and Charlie Lake update

CALGARY, AB - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX:TVE) is pleased to announce that it has successfully closed the previously announced acquisition (the "Acquisition") of Anegada Oil Corp. ("Anegada"). Tamarack acquired all of the issued and outstanding common shares of Anegada for total net consideration of 105.3 million common shares of Tamarack and $247.5 million in cash and assumed net debt(1), after deducting the proceeds from the closing of the previously [Read more]

Keyera appoints new director to its board

CALGARY, AB - Keyera Corp. (TSX: KEY) ("Keyera") announced today the appointment of Michael Crothers to the company's Board of Directors effective June 1, 2021. Mr. Crothers has 37 years of energy industry experience, most recently as President and Country Chair for Shell Canada. Over his 33+ years in Shell, he has held various leadership roles in Canada and internationally including upstream oil & gas, refining, chemicals and renewables. He also played a pivotal role in achieving the [Read more]

Highwood Oil Company Ltd. announces first quarter 2021 results along with update on industrial metals and mineral permits

CALGARY, AB - Highwood Oil Company Ltd., ("Highwood" or the "Company") (TSXV: HOCL) is pleased to announce financial and operating results for the quarter ended March 31, 2021.  The Company also announces that its unaudited financial statements and associated Management's Discussion and Analysis ("MD&A") for the quarter ended March 31, 2021, can be found at www.sedar.com and www.highwoodoil.com. Q1 2021 Results and 2021 Activity Highwood announced the signing of a definitive agreement [Read more]

Gear Energy Ltd. announces extension of borrowing base redetermination

CALGARY, AB - Gear Energy Ltd. ("Gear") (TSX: GXE) announces an extension to the scheduled date for its semi-annual borrowing base redetermination. As of March 31, 2021, Gear's syndicated credit facilities consisted of available credit facilities of $60 million with the next semi-annual redetermination due on or before May 31, 2021 and a present maturity date of May 27, 2022. Gear and its banking syndicate are in the process of finalizing the completion of the redetermination and have [Read more]

Journey Energy Inc. reports on voting from the 2021 shareholders meeting

CALGARY, AB - Journey Energy Inc. (TSX: JOY) ("Journey", or the "Company") reports the voting results from its Annual General Meeting (the "Meeting") held on May 26, 2021 pursuant to Section 11.3 of National Instrument 51-102 – Continuous Disclosure Obligations.  Journey is pleased to report that all resolutions were approved by the shareholders and the details of the voting results are contained below. 1. Fixing the Number of Directors to be elected at the meeting On a vote by proxy, [Read more]