BOE Report

Hammerhead Energy Inc. announces record first quarter 2023 financial and operating results

CALGARY, Alberta - Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS, HHRS.WT; NASDAQ: HHRS, HHRSW) is pleased to announce record financial and operating results for the first quarter of 2023. The Company continued to progress critical investments in infrastructure expansions that should allow for continuing record performance, achievement of half-cycle economics from new wells and material free cash flow generation going forward. The Company expects its oil production growth [Read more]

Cardinal Energy Ltd. announces first quarter 2023 operating and financial results

CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) is pleased to announce its operating and financial results for the first quarter ended March 31, 2023. FINANCIAL AND OPERATING HIGHLIGHTS FROM THE FIRST QUARTER OF 2023 Production increased 5% over the same period in 2022 due to ongoing strong base performance and excellent 2022 drilling results across our asset base; Adjusted funds flow(1) was $52.3 million which was allocated to capital [Read more]

Petrus Resources announces first quarter 2023 financial and operating results

CALGARY, Alberta - Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three months ended March 31, 2023. Q1 2023 HIGHLIGHTS: Higher production – Production was up 54% from 7,379 boe/d(1) in the first quarter of 2022 to 11,385 boe/d in the first quarter of 2023. The increase was primarily due to a full quarter of production realized from the wells drilled in the fourth quarter of 2022 as well as one month of [Read more]

Peyto reports strong Q1 2023 cash flow despite lower gas prices

CALGARY, Alberta - Peyto Exploration & Development Corp. ("Peyto" or the "Company") is pleased to report operating and financial results for the first quarter of 2023. A 71% operating margin1,2, combined with a 32% profit margin3 in the quarter delivered a return on capital employed ("ROCE"4) of 14% and return on equity ("ROE"4) of 17%, on a trailing 12-month basis. Additional highlights included: Strong Funds from Operations5 of $1.02/diluted share – Generated $180 million in funds [Read more]

Athabasca Oil announces 2023 first quarter results and execution on its return of capital commitment through inaugural share repurchases

CALGARY, Alberta - Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its first quarter results showcasing operational momentum at its cornerstone Leismer asset, continued debt reduction and execution on its return of capital commitment through inaugural share repurchases. Athabasca is uniquely positioned as a low leveraged company generating significant Free Cash Flow through its low-decline, oil weighted asset base. Q1 2023 and Recent Corporate [Read more]

Freehold Royalties Ltd. announces results from annual meeting of shareholders

CALGARY, Alberta - Freehold Royalties Ltd. (TSX: FRU) (Freehold) announced today that all nominees listed in its notice of meeting and information circular dated March 22, 2023, were elected as directors of Freehold at its Annual Meeting of Shareholders (the Meeting) held today. In addition, all other matters considered at the Meeting were approved by Freehold's shareholders. The results of the votes on the director nominees are as follows: Nominee Votes For Votes [Read more]

Questerre reports first quarter 2023 results

CALGARY, Alberta - Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the quarter ended March 31, 2023. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “We are taking a more active role at Red Leaf, our 40% owned investee company, as they develop their core assets: a wax processing facility in the Uintah Basin with environmental permits in place and their patented technology to [Read more]

Pieridae releases Q1 2023 results

CALGARY, Alberta - Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) announces the release of its first quarter 2023 financial and operating results. Pieridae generated Net Operating Income (“NOI”)1 of $50 million and made term debt principal repayments totalling $28 million during the first quarter of 2023. Pieridae’s management’s discussion and analysis (“MD&A”) and unaudited interim consolidated financial statements and notes for the quarter ended March 31, 2023 are [Read more]

Freehold Royalties announces first quarter results

CALGARY, Alberta - Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces first quarter results for the period ended March 31, 2023. President’s Message The execution of Freehold’s North American strategy continued during the first quarter. From the COVID related lows of 2020, when Freehold embarked on our North American expansion, the Company has grown its production by over 50%, its revenues by 75%, while maintaining the Company’s core identity of providing shareholders with [Read more]

Birchcliff Energy Ltd. announces Q1 2023 results, declaration of Q2 2023 dividend of $0.20 per common share and discloses Elmworth land position

CALGARY, Alberta - Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its Q1 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 June 30, 2023. Birchcliff is also pleased to disclose the details of its land position on the Montney/Doig Resource Play in Elmworth, Alberta. “In Q1 2023, we generated adjusted funds flow(1) of $88.7 [Read more]