BOE Report

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]

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 98,000 IPC common shares (ISIN: CA46016U1084) during the period of August 1 to 4, 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]

Hammerhead Energy Inc. announces second quarter 2023 financial and operating results

CALGARY, Alberta, Aug. 03, 2023 (GLOBE NEWSWIRE) --  Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS, HHRS.WT; NASDAQ: HHRS, HHRSW) is pleased to announce financial and operating results for the second quarter of 2023. During the quarter, the Company continued to execute on a two-rig program targeting Montney light oil growth in its three core areas (North Karr, South Karr and Gold Creek). The Company continues to progress critical infrastructure expansions which are on target [Read more]

International Petroleum Corporation announces second quarter 2023 financial and operational results and Sustainability Report 2022

TORONTO, Aug. 01, 2023 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operational results and related management’s discussion and analysis (MD&A) for the three and six months ended June 30, 2023. IPC also released its Sustainability Report 2022, which details the Corporation's environmental, social and governance (ESG) performance. Mike Nicholson, IPC's Chief Executive Officer, comments: [Read more]

Athabasca Oil Corporation announces sale of non-core light oil assets for $160 Million; retains strategic Duvernay assets with 500 future drilling locations

CALGARY, Alberta, July 31, 2023 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to announce that it has entered into a definitive agreement to sell non-core Light Oil assets for total cash proceeds of $160 million (the “Transaction”). The Transaction high-grades the Company’s deep resource portfolio, crystallizes value from a non-core asset at an attractive price and bolsters the Company’s strong financial position. Transaction [Read more]