BOE Report

Obsidian Energy Announces Termination of Agreement to Dispose of its Interest in the Peace River Oil Partnership

OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that the purchase and sale agreement providing for the sale of our 55 percent interest in the Peace River Oil Partnership (the "Partnership") to a third party has been terminated. In order for the sale to proceed, the consent to the transfer of our Partnership units and the transfer of operatorship of the Partnership was required, however, the consents for these transfers were not [Read more]

Highwood Oil Company Ltd. Provides Notice to Terminate the Peace River Acquisition and Provides Postive Operational Update on Clearwater Drilling Activities

Highwood Oil Company Ltd. (TSXV:HOCL) ("Highwood" or the "Corporation") has served notice to the vendor of the Peace River acquisition to terminate the agreement previously announced on May 16, 2019 (the "Acquisition"). The notice was issued as the operatorship provision of the Acquisition agreement regarding the operation of the asset had not been satisfied. Highwood will remain focused on evaluating and completing accretive acquisition opportunities in the M&A market. Throughout the [Read more]

Tourmaline Oil Corp. Declares Quarterly Dividend

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$0.12 per common share. The dividend will be payable September 30, 2019 to shareholders of record at the close of business on September 16, 2019. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. [Read more]

Clearview Reports Second Quarter Results and Operations Update

Adjusted funds flow of $1.3 million, $5.98 per barrel of oil equivalent ("boe"), in the second quarter, up 89% from the comparative quarter of 2018 and $3.3 million of adjusted funds flow for the six months ended June 30, 2019, up 228%, versus the comparative six months of 2018 Reduced net debt by $1.9 million to $16.3 million at June 30, 2019 resulting in a net debt to annualized six-month adjusted funds flow ratio of 2.4:1 Increased oil production 56% and 55%, in the three and six months [Read more]

Bonterra Energy Corp. Provides Update on Fluid Release at Central Alberta Well Site

CALGARY, Aug. 22, 2019 /CNW/ - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") today provides an update on the previously reported release of emulsion related to a pipeline that severed on August 15, 2019 after a creek bank collapsed as a result of area flooding approximately 25 km southwest of Drayton Valley, AB. The Company confirms that the emergency phase, which had been initiated immediately upon identification of the incident, has now been [Read more]

Pembina Pipeline Corporation to Acquire Kinder Morgan Canada and the Cochin Pipeline for $4.35 Billion and Increase Dividend

All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA") and adjusted cash flow from operating activities per share ("adjusted cash flow per share"), which are financial measures that are not defined by Generally Accepted Accounting Principles ("GAAP"). For more information about these metrics, see "Non-GAAP Measures" herein. CALGARY, Aug. 21, [Read more]

Hemisphere Energy Announces Second Quarter 2019 Financial and Operating Results

Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the  "Company") announces its financial and operating results for the three months and six months ended June 30, 2019. Q2 2019 HIGHLIGHTS Achieved record revenue of $7.4 million, an increase of 32% over the second quarter of 2018. Realized quarterly funds flow from operations of $2.6 million, a 105% increase over the same respective quarter of 2018. Increased average quarterly production by 30% to 1,367 boe/d (96% oil), [Read more]

Enbridge Announces Conversion Results for Series 3 Preferred Shares

CALGARY, Aug. 19, 2019 /CNW/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that none of its outstanding Cumulative Redeemable Preference Shares, Series 3 (Series 3 Shares) will be converted into Cumulative Redeemable Preference Shares, Series 4 of Enbridge (Series 4 Shares) on September 1, 2019. After taking into account all conversion notices received from holders of its outstanding Series 3 Shares by the August 19, 2019 deadline for the conversion of the [Read more]

Bonterra Energy Corp. Reports Fluid Release at Central Alberta Well Site

Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") reports that the Company has identified, responded to, and is addressing, a release of emulsion related to a pipeline that severed following a creek bank collapse due to recent flooding approximately 25 km southwest of Drayton Valley, AB. On the afternoon of August 15, 2019, Bonterra identified a release of emulsion from a pipeline that severed due to the complete collapse of a creek bank following recent [Read more]

Perpetual Energy Inc. Receives Favourable Decision Relating to the Ongoing Sequoia Litigation

Perpetual Energy Inc. ("Perpetual" or the "Company") is pleased to announce that the Alberta Court of Queen's Bench (the "Court") has dismissed and struck all but one of the claims filed by PriceWaterhouseCoopers Inc. LIT ("PWC"), in its capacity as trustee in bankruptcy of Sequoia Resources Corp. ("Sequoia") against Perpetual and Sue Riddell Rose, the Company's President and Chief Executive Officer ("Ms. Rose"). These claims relate to a transaction that involved the sale by Perpetual of legacy [Read more]