BOE Report

Shell fourth quarter 2022 update note

The following is an update to the fourth quarter 2022 outlook and gives an overview of our current expectations for the fourth quarter. Impacts presented may vary from the actual fourth quarter 2022 results and are subject to finalisation of those results, which are scheduled to be published on February 2, 2023. Unless otherwise indicated, all outlook statements exclude identified items. Integrated Gas Outlook ($ million) Comment Adjusted EBITDA: Production [Read more]

Detailed evaluation to begin on Pathways Alliance proposed carbon storage hub

CALGARY, Alberta - The Pathways Alliance, representing Canada’s largest oil sands producers, has entered into a Carbon Sequestration Evaluation Agreement with the Government of Alberta. The agreement enables the Alliance to immediately start a detailed evaluation of its proposed geological storage hub which would be one of the world’s largest carbon capture and storage (CCS) projects. This will help further assess the geological characteristics and properties of the deep underground CO2 [Read more]

Peyto Announces Leadership Update

CALGARY, Alberta, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto" or the "Company") announces today that, as previously disclosed, Mr. Jean-Paul Lachance has assumed the position of Chief Executive Officer on January 1, 2023. Peyto is also pleased to announce that Mr. Lachance was appointed as a member of the Board of Directors of the Company effective January 1, 2023. Mr. Darren Gee, who retired as Chief Executive Officer on January 1, 2023, [Read more]

International Petroleum Corporation announces results of normal course issuer bid and updated share capital

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 85,800 IPC common shares (ISIN: CA46016U1084) during the period of December 19 to 30, 2022 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]

Marksmen announces closing of extension of debenture

CALGARY, ALBERTA - Marksmen Energy Inc. (“Marksmen” or the “Company”) is pleased to announce that it has closed the extension with the holder (the “Holder”) of its non-convertible secured debenture (“Debenture”) so that the Debenture now expires on December 31, 2024. In connection with the extension, the Company has granted an additional 1,500,000 warrants to the Holder to acquire 1,500,000 common shares of the Company for an exercise price of $0.13 per share expiring December 31, 2024. All [Read more]

Canadian Spirit Resources Inc. Resumes Production at Farrell Creek, Northeast British Columbia

CALGARY, Alberta, Dec. 28, 2022 (GLOBE NEWSWIRE) -- Canadian Spirit Resources Inc. (“CSRI” or the “Corporation” (TSXV:SPI) (OTCBB:CSPUF) is pleased to announce that production from its joint venture Montney wells at Farrell Creek/Altares was restarted on December 16, 2022. The Farrell Creek natural gas processing facility and associated Montney wells experienced a shut down related to cold weather on November 9, 2022. Current average production is approximately 5.0 Mmcf/d with CSRI’s 35% [Read more]

International Petroleum Corporation announces continuation of the production sharing contract for the Bertam Field, Malaysia

TORONTO, Dec. 21, 2022 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC’s subsidiaries IPC Malaysia B.V. and IPC SEA Holding B.V. have signed a letter of agreement with Petroliam Nasional Berhad (PETRONAS) to extend the Block PM 307 Production Sharing Contract (PM 307 PSC) covering the Bertam Field, offshore Peninsular Malaysia from August 15, 2025 until August 14, 2035. Mike Nicholson, IPC's Chief [Read more]

Prairie Provident Resources Announces Management Change

CALGARY, Alberta, Dec. 19, 2022 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") is pleased to announce the appointment of Patrick R. McDonald, who has served as Chairman of the Company since March 2011 and continues in that role, as Interim Chief Executive Officer. Mr. McDonald succeeds R. Anthony Berthelet, who previously served as President and Chief Executive Officer and a director of the Company. Mr. McDonald has 40 years of experience in North [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 279,000 IPC common shares (ISIN: CA46016U1084) during the period of December 12 to 16, 2022 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 [Read more]