CALGARY, AB - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) announced today that its Board of Directors has declared a common share cash dividend for January 2021 of $0.21 per share to be paid, subject to applicable law, on February 12, 2021 to shareholders of record on January 25, 2021. The common share dividends are designated "eligible dividends" for Canadian income tax purposes. For non-resident shareholders, Pembina's common share dividends should be [Read more]
Advantage announces operational update, step change in well productivity
CALGARY, AB - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to provide an operational update, including a step change in well productivity combined with reduced capital costs. All development in the second half of 2020 was focused on the foundational Glacier asset, using existing infrastructure and owned plant capacity, with a focus on highest internal rate of return wells. Development Program Highlights from the Second Half of 2020: Drilled 13 wells with [Read more]
Spartan Delta Corp. provides operational and corporate update and revises 2021 guidance
CALGARY, AB - Spartan Delta Corp. ("Spartan" or the "Company") (TSXV: SDE) is pleased to provide an operational and corporate update with revised guidance for 2021. Highlights: Early results of Spartan's drilling program are positive with fourth-quarter production exceeding guidance. Executing on consolidation strategy, including three small but strategic acquisitions in Spartan's focus development areas. Continued operational and financial performance results in upward revision [Read more]
Obsidian Energy announces first half 2021 drilling program and guidance
CALGARY, AB - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy" or the "Company") today announced first half 2021 guidance as the Company continues to advance its development in the Cardium area. A total of $35 million in capital expenditures plus $5 million in decommissioning expenditures is currently budgeted for the first half of 2021, furthering the Company's Cardium development activity in Willesden Green with a planned seven well drilling program that builds on the 2020 [Read more]
Whitecap Resources Inc. announces closing of NAL Resources, strong finish to 2020 and robust first quarter drilling program
CALGARY, AB - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has successfully completed the previously announced strategic combination with NAL Resources Limited ("NAL") (the "NAL Combination"). Whitecap issued approximately 58.3 million Whitecap common shares in exchange for all the issued and outstanding NAL shares. 2020 was a very challenging year on many fronts, but our financial discipline and operational strength has allowed us to capture [Read more]
Southern Energy Corp. announces in-kind interest payment on debentures
CALGARY, AB - Southern Energy Corp. ("Southern" or the "Company") (TSXV: SOU) announces that on December 31, 2020, the holders (the "Debentureholders") of its outstanding 8% convertible unsecured subordinated debentures (the "Debentures") agreed to an in-kind payment of accrued interest due on December 31, 2020 in the amount of $322,760.00 through the issuance of additional Debentures. The in-kind interest payment was approved by extraordinary resolution of the Debentureholders pursuant to the [Read more]
Journey Energy Inc. announces revised closing date for Countess asset sale
CALGARY, AB - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") reports that it's previously announced disposition (see press release dated October 30, 2020) of its Countess area assets has been mutually deferred with the purchaser to a new closing date of February 1, 2021. The assets include Journey's newly commissioned 4.2 megawatt power generation facility, as well as all wells and ancillary facilities in the Countess area. An additional deposit has been received [Read more]
Tamarack Valley Energy Ltd. announces closing of previously announced gross overriding royalty disposition
CALGARY, AB - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce the closing of the sale of a newly created 2% gross overriding royalty (the "GORR Disposition") to Topaz Energy Corp. on a select portion of the acquired Clearwater properties completed on December 21, 2020. Tamarack has committed to spending $80.0 million of capital to further develop the GORR lands prior to December 31, 2022. About Tamarack Valley Energy Ltd. Tamarack is an oil and [Read more]
Perpetual Energy Inc. announces extension of credit facility redetermination
CALGARY, AB - (TSX: PMT) – Perpetual Energy Inc. ("Perpetual" or the "Company") announced today that the revolving credit period applicable to the Company's credit facility has been extended to March 1, 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 March 1, 2021. The extension of the revolving credit period provides additional time to finalize negotiations with its lenders and for the [Read more]
Bonterra Energy Corp. continues to recommend shareholders reject the hostile bid and provides operational update
CALGARY, AB - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") today acknowledges amendments to the unsolicited offer from Obsidian Energy Ltd. ("Obsidian") to purchase all of the issued and outstanding common shares of Bonterra (the "Hostile Bid") and continues to recommend that Bonterra Shareholders take no action, and REJECT the Hostile Bid by NOT TENDERING their shares. Obsidian's Hostile Bid has proven to be unsuccessful, with Bonterra shareholders [Read more]
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