BOE Report

Cenovus Energy announces early tender results and increase of tender offers for certain outstanding series of notes

CALGARY, Alberta, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today the early tender results for its tender offers to purchase for cash certain of its outstanding series of Notes. Cenovus also announced it has increased the previously announced Pool 2 Maximum Amount (as defined below) from $250,000,000 to $500,000,000. The Pool 1 Maximum Amount (as defined below) and the Series Tender Cap (as defined below) remain unchanged at $500,000,000 and [Read more]

International Petroleum Corporation announces results of normal course issuer bid

TORONTO, Sept. 18, 2023 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 86,400 IPC common shares (ISIN: CA46016U1084) during the period of September 11 to 15, 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 [Read more]

Pipestone announces that ISS and Glass Lewis recommend shareholders vote “for” proposed combination with Strathcona to create a leading Canadian energy producer, and sets record straight on flawed and misleading arguments by GMT

Combining with Strathcona is superior to the status quo as it will give Pipestone shareholders the ability to participate in the upside of a much larger, more diversified producer that will benefit from scale, longer-life and better-positioned reserves, improved access to capital and a potential positive re-rating by markets Pipestone’s extensive strategic review process considered all alternatives available to Pipestone, including the arguments and alternatives put forward by GMT, and [Read more]

Peyto Exploration & Development Corp. confirms monthly dividend for October 13, 2023

CALGARY, Alberta, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to September 2023 of $0.11 per common share is to be paid on October 13, 2023, for shareholders of record on September 30, 2023. Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes. Shareholders and interested investors are encouraged to visit the Peyto website at www.peyto.com [Read more]

Essential Energy Services to be acquired by Element Technical Services

CALGARY, Alberta, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Essential Energy Services Ltd. (TSX: ESN) (“Essential” or the “Company”) announces that it has entered into a definitive amalgamation agreement (the “Amalgamation Agreement”) with Element Technical Services Inc. (“Element”) under which Element, through a wholly-owned subsidiary, will acquire all of the issued and outstanding common shares of Essential (each, an “Essential Share”) for a purchase price of $0.40 per Essential Share, payable in [Read more]

Athabasca Oil Corporation announces closing of non-core light oil asset sale, reaffirms 2023 guidance and provides a return of capital update

CALGARY, Alberta, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to announce that it has closed its previously announced sale of non-core Light Oil assets at Placid, Saxon and Simonette to a private company (the “Transaction”). Transaction Overview Athabasca has sold its 70% operated working interest in Placid targeting the Montney, its 30% non‐operated working interest in Saxon and Simonette targeting the Duvernay and [Read more]

Freehold Royalties Ltd. Declares Dividend for September 2023

CALGARY, Alberta, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.09 per common share to be paid on October 16, 2023 to shareholders of record on September 29, 2023. These dividends are designated as “eligible dividends” for Canadian income tax purposes. Freehold’s focus is on acquiring and managing oil and gas royalties. Freehold’s common shares trade on the Toronto Stock Exchange in [Read more]

Lycos Energy Inc. announces upsizing of previously announced equity financing

CALGARY, Alberta, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Lycos Energy Inc. ("Lycos" or the "Company") (TSXV: LCX) is pleased to announce that, as a result of excess demand, it has agreed with the syndicate of underwriters led by National Bank Financial Inc. to increase the size of its previously announced bought-deal financing (the “Offering”). Lycos will now issue 8,574,000 common shares (the “Common Shares”) at a price of $3.55 per Common Share to raise aggregate gross proceeds of $30,437,700 [Read more]

Lycos Energy Inc. announces strategic acquisition of Durham Creek Exploration Ltd. and $25 million equity financing

CALGARY, Alberta, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Lycos Energy Inc. ("Lycos" or the "Company") (TSXV: LCX) is pleased to announce that it has entered into a definitive agreement (the "Acquisition Agreement") today to acquire Durham Creek Exploration Ltd. ("DCEL"), a privately-held, arm's length, heavy oil producer, by way of a plan of arrangement for total consideration, prior to adjustments, of $22.5 million (the "Acquisition"), consisting of $12.5 million in cash and 2.8 million common [Read more]

Prospera Energy Inc. announces horizontal infill drilling program update and interest payable reduction settlement

CALGARY, Alberta, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (“Prospera” or the “Company”) (TSX.V: PEI, OTC: GXRFF, FRA: OF6B, OF6B.SG, OF6B.F, OF6B.BE). Prospera has completed the drilling of four horizontal wells of the ten well multi-pad infill drill program. These wells encountered structure and pay as expected with excellent oil show throughout the pay. The drilling technique tweaked from the pilot wells were executed efficiently and ahead of schedule. High praises to Lasso [Read more]