BOE Report

AltaGas announces election of directors

CALGARY, AB - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) is pleased to announce the final director election results from its 2021 Annual Meeting of Shareholders held on April 30, 2021 (the "Meeting"). All nominees recommended by management for election were elected for a term ending at the next annual meeting. The detailed results of the vote are set out below: Nominee Votes For % For Votes Withheld % Withheld Victoria A. [Read more]

Waterous Energy Fund announces the completion of the final step of its acquisition of Osum Oil Sands Corp.

CALGARY, AB - Waterous Energy Fund ("WEF") and Osum Oil Sands Corp. ("Osum") are pleased to announce that a special meeting of shareholders (the "Meeting") of Osum was held earlier today to approve the amalgamation (the "Amalgamation") of Osum and WEF Osum Acquisition Corp. ("WOAC"), an entity wholly-owned by WEF. Osum shareholders overwhelmingly voted to approve the Amalgamation, with 97.7% of votes cast by Osum shareholders represented at the Meeting (holding 89.8% of all issued and [Read more]

Perpetual Energy Inc. announces extension of credit facility and term loan

CALGARY, AB, April 30, 2021 /CNW/ - (TSX: PMT) – Perpetual Energy Inc. ("Perpetual" or the "Company") announced today that the maturity date applicable to the Company's first lien credit facility has been extended to June 16, 2021 and the $20 million borrowing limit maintained. The borrowing limit is scheduled to be redetermined and the revolving credit period extended on or before June 16, 2021. The maturity of the Company's second lien Term Loan has been extended to June 30, 2021. These loan [Read more]

Enerplus closes acquisition of Williston Basin assets

CALGARY, AB - Enerplus Corporation ("Enerplus" or the "Company") (TSX: ERF) (NYSE: ERF) today announced that it has closed its previously announced acquisition of Williston Basin assets from Hess Corporation for a total cash purchase price of US$312 million, subject to normal purchase price adjustments. The purchase price was funded with existing cash on hand and by borrowing on the Company's bank credit facility. About Enerplus Enerplus is an independent North American oil and gas [Read more]

Clearview Resources Ltd. reports year end results

CALGARY, AB - Clearview Resources Ltd. ("Clearview" or the "Company") is pleased to announce its financial and operational results and reserves report for the year ended December 31, 2020. "Unprecedented does not do the past twelve months justice," commented Tony Angelidis, Clearview's CEO. "Yet our management team, employees and directors displayed unparalleled resilience and determination to reduce costs, optimize production, raise capital and renegotiate our credit facilities with [Read more]

Advantage announces first quarter 2021 financial and operating outperformance

CALGARY, AB - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to report first quarter 2021 results including record production, significant free cash flow(a) and a material reduction in net debt(a). Results from Advantage's winter drilling program have continued to exceed expectations both in costs and well performance while gas prices were elevated during the quarter, strengthening our financial outlook and guidance for 2021. Drilling in the first quarter of 2021 [Read more]

Highwood Oil Company Ltd. announces 2020 fourth quarter and year-end financial and operating results and 2020 year-end reserves along with update on industrial metals and mineral permits

CALGARY, AB - Highwood Oil Company Ltd., ("HOCL" or the "Company") (TSXV: HOCL) is pleased to announce financial and operating results for the three months and twelve months ended December 31, 2020 and to provide the results of its independent oil and gas reserves evaluation as of December 31, 2020, prepared by GLJ Petroleum Consultants Ltd. ("GLJ"). Associated Management's Discussion and Analysis ("MD&A") dated April 29, 2021 and audited financial statements as at and for the year ended [Read more]

Prairie Storm Resources Corp. announces 2020 results

CALGARY, AB - Prairie Storm Resources Corp. ("Prairie Storm" or the "Company") (TSXV: PSEC) is pleased to report its audited financial and operating results for the quarter and year ended December 31, 2020. Selected financial and operating information is outlined below and should be read in conjunction with Prairie Storm's audited annual consolidated financial statements and related management's discussion and analysis for the three and twelve months ended December 31, 2020, which are [Read more]

Surge Energy Inc. upsizes previously announced “Bought Deal” public offering of flow-through common shares

CALGARY, AB - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that, as a result of excess demand, it has agreed with the syndicate of underwriters, led by Cormark Securities Inc. and National Bank Financial Inc. (collectively, the "Underwriters"), to increase the size of its previously announced bought deal public offering of flow-through common shares. The Company will now issue 33,900,000 common shares (the "Flow-Through Shares") of Surge, to be issued as [Read more]

Leading oil & gas investment firm embraces carbon capture & storage

PALO ALTO, Calif., and CALGARY, AB - JOG Capital, a private equity firm with a 14-year track record managing more than $1.3 billion in energy investments, today unveiled a corporate transition and rebranding to become Carbon Infrastructure Partners ("CIP"), defining a new focus and investment mandate going forward. CIP is among the first investment firms focused on solving the dual challenge of how to meet global energy demand for 7.7 billion people while rapidly reducing carbon emissions. [Read more]