BOE Report

Advantage Continues Refreshment of its Board of Directors

(TSX: AAV) CALGARY, AB, March 6, 2025 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") announces that effective today, two new independent members, Messrs. Lawrence Massaro and Daniel Farb, have been appointed to the Board. The following is a brief biography of each of these new directors. Lawrence Massaro Lawrence Massaro, known as Larry, was the Chief Executive Officer of Silverado Oil & Gas LLC from 2019 to 2022. Prior thereto, Mr. Massaro was the Chief Financial [Read more]

CES Energy Solutions Corp. announces strong fourth quarter and full year 2024 results with record adjusted EBITDAC and an increase to its quarterly dividend

CALGARY, AB, March 6, 2025 /CNW/ - CES Energy Solutions Corp. ("CES" or the "Company") (TSX: CEU) (OTC: CESDF) is pleased to announce strong financial results for the three and twelve months ended December 31, 2024, along with a 42% increase to the quarterly dividend from $0.030 per share to $0.0425 per share, which will be paid on April 15, 2025, to the shareholders of record at the close of business on March 31, 2025. Fourth quarter revenue of $605.4 million, increased 9% [Read more]

MEG Receives TSX Approval for Renewal of Normal Course Issuer Bid

CALGARY, AB, March 6, 2025 /CNW/ - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Corporation") announces today that the Toronto Stock Exchange (the "TSX") has approved the renewal of the Corporation's normal course issuer bid (the "Bid"). Pursuant to the Bid, MEG will purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 22,535,791 common shares of the Corporation. The Bid will become effective on March 11, 2025 and will terminate on March 10, [Read more]

Tidewater Midstream and Infrastructure Ltd. announces agreement to sell Brazeau River Complex roadway network to CRR

(TSX: TWM) CALGARY, AB, March 6, 2025 /CNW/ - Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce that it has entered into a definitive agreement with Canadian Resource Roadways LP ("CRR"), for the sale of its Brazeau River Complex roadway network (the "BRC Roadway Network") for total proceeds of $24 million (the "Transaction"). Of the $24 million in total proceeds, $22.5 million will be received upon closing of the Transaction, with [Read more]

Kiwetinohk reports year-end 2024 results and reserves report

CALGARY, AB, March 5, 2025 /CNW/ - Kiwetinohk Energy Corp. (TSX: KEC) (Kiwetinohk or the Company) today reported its fourth quarter 2024 financial and operational results and updated reserve report. As companion documents to this news release, please review the Company's year-end 2024 management discussion and analysis (MD&A), consolidated financial statements and annual information form (available on kiwetinohk.com or www.sedarplus.ca) for additional details. "I am extremely [Read more]

Surge Energy Inc. announces fourth quarter and year end financial results for 2024; 2024 year end reserves; and operational updates

CALGARY, AB, March 5, 2025 /CNW/ - Surge Energy Inc. ("Surge", "SGY", or the "Company") (TSX: SGY) is pleased to announce its financial and operating results for the quarter and year ended December 31, 2024, and its year end 2024 reserves as independently evaluated by Sproule. Surge's disciplined operating strategy involves focusing development capital to high operating netback, low cost, light and medium gravity, conventional crude oil reservoirs with low recovery factors. [Read more]

Tourmaline Delivers Record Production, Increases 2P Reserves to 5.5 Billion BOE, Announces a 43% Increase to the Base Dividend and Declares a Special Dividend

CALGARY, AB, March 5, 2025 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the full-year and fourth quarter of 2024. HIGHLIGHTS Full-year 2024 cash flow(1) ("CF") was $3.2 billion ($8.93 per diluted share(2)).  Fourth quarter 2024 CF was $850.3 million ($2.27 per diluted share). 2025 forecast free cash flow(3) ("FCF") of $1.4 billion ($3.62 per diluted share(4)) based on current strip [Read more]

Yangarra Announces 2024 Year End Financial and Operating Results and Reserves

CALGARY, AB, March 5, 2025 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX: YGR) announces its financial and  operating results and reserves for the year ended December 31, 2024. 2024 Operations Review Yangarra drilled 19 gross (17 net) wells during 2024 80% of Yangarra's production was curtailed for four weeks during the third quarter due to a third party turn-around, impacting the yearly average production by 557 boe/d and impacting revenue by approximately $6 [Read more]

Paramount Resources Ltd. Announces 2024 Annual Results

CALGARY, AB, March 5, 2025 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce its 2024 annual financial and operating results. RECENT EVENTS On January 31, 2025, Paramount closed the sale of its Karr, Wapiti and Zama properties to a wholly-owned subsidiary of Ovintiv Inc. ("Ovintiv") for cash proceeds of approximately $3.3 billion, after adjustments, plus certain Horn River Basin properties of Ovintiv (the "Grande Prairie Disposition"). [Read more]

Joint Statement From Canada’s Energy and Mines Ministers

TORONTO, March 4, 2025 /CNW/ - Today, federal, provincial and territorial Energy and Mines Ministers met at the Prospectors & Developers Association of Canada (PDAC) in Toronto to discuss the unjustified tariffs imposed by the United States and issue the following statement: "With our largest trading partner imposing restrictions on free trade, we will take decisive action to ensure Canadian companies remain competitive and succeed in the global market, including the acceleration of [Read more]