BOE Report

Petrus Resources announces second quarter 2023 financial & operating results, revised 2023 guidance

CALGARY, Alberta, Aug. 14, 2023 (GLOBE NEWSWIRE) --  Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three and six months ended June 30, 2023. Q2 2023 HIGHLIGHTS: Production up 44% – Production was up 44% from 7,280 boe/d(1) in the second quarter of 2022 to 10,492 boe/d in the second quarter of 2023 as a result of new wells brought on production in late 2022 and during the first quarter of 2023. [Read more]

International Petroleum corporation announces results of normal course issuer bid

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 99,300 IPC common shares (ISIN: CA46016U1084) during the period of August 7 to 11, 2023 under IPC’s normal course issuer bid / share repurchase program (NCIB). IPC’s NCIB, announced on December 1, 2022, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No 2016/1052 [Read more]

Questerre reports second quarter 2023 results

CALGARY, Alberta, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the second quarter ended June 30, 2023. Michael Binnion, President, and Chief Executive Officer, commented, “As Quebec is holding public consultations on hydroelectricity shortage in the next two to three years. We are re-engaging with the Government on how our Clean Gas could be part of the solution. Our [Read more]

Birchcliff Energy Ltd. announces Q2 2023 results and declaration of Q3 2023 dividend of $0.20 per common share

CALGARY, Alberta, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its Q2 2023 financial and operational results and that its board of directors (the “Board”) has declared a quarterly cash dividend of $0.20 per common share for the quarter ending September 30, 2023. “In Q2 2023, we generated adjusted funds flow(1) of $69.7 million and free funds flow(1) of $4.9 million, with average production of 77,510 boe/d. In [Read more]

Peyto delivers strong second quarter results

CALGARY, Alberta, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. ("Peyto" or the "Company") is pleased to report operating and financial results for the second quarter of 2023. A 70% operating margin1,2, combined with a 26% profit margin3 in the quarter delivered a return on capital employed ("ROCE"4) of 13% and return on equity ("ROE"4) of 15%, on a trailing 12-month basis. Additional highlights included: Funds from Operations5 of $0.81/diluted share – [Read more]

Pieridae releases Q2 2023 results

Successful Refinancing & Strong Quarterly Cash Flow CALGARY, Alberta, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) announces the release of its second quarter 2023 financial and operating results. Pieridae generated Net Operating Income (“NOI”)1 of $44 million and successfully refinanced its long-term debt, substantially reducing the Company’s cost of capital. The Company’s management’s discussion and analysis (“MD&A”) and [Read more]

Crew Energy announces Q2 2023 results highlighted by a 42% reduction in net debt over Q1/23 and an adjusted funds flow margin of 89%

CALGARY, Alberta, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Crew Energy Inc. (TSX: CR; OTCQB: CWEGF) (“Crew” or the “Company”), a growth-oriented, liquids rich natural gas producer operating in the world-class Montney play in northeast British Columbia (“NE BC”), is pleased to announce our operating and financial results for the three and six month periods ended June 30, 2023. Crew’s Financial Statements and Notes, as well as Management’s Discussion and Analysis (“MD&A”) are available on our website [Read more]

Pipestone Energy Corp. announces second quarter 2023 results, provides an operations update and transaction update

CALGARY, Alberta, Aug. 09, 2023 (GLOBE NEWSWIRE) -- (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to report its second quarter 2023 financial and operational results, as well as an update on the previously announced proposed transaction between Pipestone and Strathcona Resources Ltd. (“Strathcona”) pursuant to which Strathcona has agreed, subject to satisfaction of certain closing conditions, to acquire all the issued and outstanding common shares of Pipestone for [Read more]

NuVista Energy Ltd. announces record production and positive second quarter 2023 financial and operating results

CALGARY, Alberta, Aug. 09, 2023 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce record high weekly production and positive financial and operating results for the three and six months ending June 30, 2023. Despite facing temporary production challenges from the Alberta wildfires and moderation in commodity prices, the quality and capacity of our asset base enabled us to continue to deliver strong returns. We continued to invest in a [Read more]

Prospera Energy Inc. and Aduro Clean Technologies advance collaboration on Pilot Project for Partial Upgrading of Bitumen

CALGARY, Alberta, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (“Prospera” or the “Company”) (TSX.V: PEI, OTC: GXRFF, FRA: OF6B, OF6B.SG, OF6B.F, OF6B.BE) is pleased to provide an update on progress made on the Pilot Project for Partial Upgrading of Bitumen, in collaboration with Aduro Clean Technologies Inc. (“Aduro”). Restructured Prospera continues to increase its asset value by executing its development program to capture the significant remaining reserves. While, engaging in [Read more]