BOE Report

Logan Energy Corp. announces closing of previously announced Montney asset acquisition and equity financing

CALGARY, AB, Dec. 17, 2024 /CNW/ - Logan Energy Corp. (TSXV: LGN) ("Logan" or the "Company") is pleased to announce the closing of its previously announced acquisition of an operated 50% working interest in certain assets located in the Company's core area at Simonette, Alberta, and a 100% interest in certain Simonette gross overriding royalties, for a cash purchase price of $52.0 million, before closing adjustments (the "Acquisition"). For further details on the Acquisition, see Logan's press [Read more]

Source Rock Royalties declares monthly dividend and completes 11th consecutive year of paying dividends to shareholders

CALGARY, AB, Dec. 16, 2024 /CNW/ - Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on January 15, 2025 to shareholders of record on December 31, 2024. Closing out 2024 with another monthly dividend marks the end of Source Rock's 11th consecutive year of paying dividends to [Read more]

Secure announces 2025 guidance and provides business update

2025 Adjusted EBITDA1 of $510 - $540 million Two strategic acquisitions in the metals recycling business, totaling $175 million, expected to close Q1 2025, strengthening our position as a leader in waste management and resource recovery 2025 organic growth capital of approximately $75 million related to high-value waste and energy infrastructure projects Maximized allowable repurchases under the NCIB that commenced in December 2023 Renewal of the NCIB for the repurchase of up to [Read more]

Vitesse Energy to acquire Lucero Energy in accretive all-stock transaction supporting increase to Vitesse’s dividend

HIGHLIGHTS Following closing, acquisition of Lucero is expected to be immediately accretive to Vitesse's earnings, operating cash flow, free cash flow and net asset value Subject to board approval and closing the transaction, Vitesse expects to increase its cash dividend from $2.10 to $2.25 per share on an annualized basis Upon closing, this acquisition strengthens Vitesse's financial position with expected near-term Net Debt to Adjusted EBITDA ratio of ~0.3x The acquisition of [Read more]

Kiwetinohk Energy announces 2025 budget

CALGARY, AB, Dec. 16, 2024 /CNW/ - Kiwetinohk Energy Corp. ("Kiwetinohk" or the "Company") (TSX: KEC) today provided its 2025 budget, 2026 outlook and a fourth quarter operational update. Message to shareholders "In 2024 Kiwetinohk is expected to deliver almost 20% production growth while maintaining one of the strongest operating netbacks in our peer group. Looking ahead to 2025, we're encouraged by delineation and testing of our emerging Simonette Montney play. Our 2025 [Read more]

Tamarack Valley Energy Announces Declaration of Monthly Dividend

TSX: TVE CALGARY, AB, Dec. 16, 2024 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) is pleased to announce that the Board of Directors has declared a monthly cash dividend on its common shares of C$0.01275 per share in accordance with the Company's dividend policy. The dividend will be payable on January 15, 2025, to shareholders of record at the close of business on December 30, 2024. This monthly cash dividend is designated as an "eligible dividend" for Canadian [Read more]

Surge Energy Inc. confirms January 2025 dividend

CALGARY, AB, Dec. 16, 2024 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on January 15, 2025, in respect of December 2024 production, for the shareholders of record on December 31, 2024, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow [Read more]

Bonterra Energy Announces 2025 Preliminary Budget and Provides Operations Update

CALGARY, AB, Dec. 12, 2024 /CNW/ - Bonterra Energy Corp. (TSX: BNE) ("Bonterra" or the "Company") is pleased to announce its 2025 preliminary budget, and an operations update. PRELIMINARY 2025 BUDGET1: MAXIMIZING FREE FUNDS FLOW5 Following a pivotal year in 2024, during which Bonterra added depth and quality to its drilling prospects through land acquisitions and experienced exploration success in both the Charlie Lake and Montney plays, the Company's Board of Directors (the [Read more]

Tuktu Resources Ltd. announces listing of warrants

CALGARY, AB, Dec. 11, 2024 /CNW/ - Tuktu Resources Ltd. ("Tuktu" or the "Company") (TSXV: TUK) is pleased to announce that it has received approval of the TSX Venture Exchange (the "TSXV") for the supplemental listing of 55,832,402 common share purchase warrants of the Company (the "Warrants") issuable pursuant to the Company's previously announced prospectus offering (the "Offering") of units of the Company ("Units"). An aggregate of 111,664,805 Units were issued in connection with the closing [Read more]

Yangarra Announces 2025 Capital Budget & Guidance, Land Acquisition and Operations Update

CALGARY, AB, Dec. 11, 2024 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX: YGR) announces its 2025 capital budget & guidance, a land acquisition and an operations update. 2025 Capital Budget & Guidance The Company's Board of Directors has approved a capital budget of $55 - $60 million for 2025, which will hold production flat at 11,250 – 11,750 boe/d. At USD $68.00/bbl for WTI oil and CDN$2.00/GJ for AECO natural gas this budget will generate $85 - $90 [Read more]