BOE Report

International Petroleum Corporation announces completion of acquisition in Suffield area

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce completion of the acquisition of oil and gas assets in the Suffield area, southern Alberta on the terms as previously announced on February 6, 2023. Mike Nicholson, IPC's Chief Executive Officer, comments: “We are very pleased to complete the acquisition of almost 16 million barrels of oil equivalent (boe) of proved plus probable (2P) reserves adjacent to our existing Suffield [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 659,094 IPC common shares (ISIN: CA46016U1084) during the period of February 27 to March 3, 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 [Read more]

Prospera Energy utilizes strong balance sheet to capitalize 2023 development plan accelerating production growth

CALGARY, Alberta - Prospera Energy Inc. PEI: TSX-V; OF6A: FRA, OTC: GXRFF Prospera is structured to be well-capitalized in 2023 to fund the capital development program to capture the significant remaining reserves in place. PEI total capitalization ($15 million) includes strategic debt offering below, combined with substantial warrant exercise program of up to $10 million CAD in 2023 plus positive cash flow from operations. PEI hereby announces that it is undertaking a non-brokered private [Read more]

Razor Energy Corp. Announces 2022 Year-End Reserves and Operational Outlook

CALGARY, Alberta, March 02, 2023 (GLOBE NEWSWIRE) -- Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased to provide a summary of its 2022 year-end reserves evaluation and an updated operational outlook. The highlights and reserves summary below set forth Razor’s gross reserves at December 31, 2022, as evaluated by Sproule Associates Limited (“Sproule”), qualified reserves evaluators, in an independent report dated February 24, 2023 (the “Sproule Report”). The figures in the [Read more]

Athabasca Oil Announces 2022 Year-end Results & Reserves, Record Cash Flow and Plans to Execute a Share Buyback Program

CALGARY, Alberta, March 01, 2023 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its audited 2022 year-end results. Athabasca is uniquely positioned as a low leveraged company generating significant Free Cash Flow through its low-decline, oil weighted asset base. Q4 and Year-end 2022 Corporate Highlights Sustainable Production: 35,850 boe/d (93% Liquids) in Q4 and 35,262 boe/d (92% Liquids) in 2022, exceeding its annual [Read more]

Freehold Royalties Announces Record Setting Fourth Quarter and Year-End Results

CALGARY, Alberta, March 01, 2023 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces fourth quarter and 2022 results for the period ended December 31, 2022. President’s Message 2022 was a year of records for Freehold, the result of the significant work done over the last three years to establish the Company as a premier North American energy royalty company. Our expansion and optimization efforts have resulted in a “new look” Freehold, with the scale [Read more]

Cardinal Energy Ltd. Announces 2022 Year-End Reserves

CALGARY, Alberta, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) is pleased to present the results of its independent reserve report effective December 31, 2022. One hundred percent of Cardinal's year-end 2022 reserves were evaluated by independent reserves evaluator GLJ Ltd. ("GLJ") with an effective date of December 31, 2022 (the "2022 Reserve Report"). The 2022 financial information in this news release is unaudited and accordingly, such [Read more]

Petrus Resources announces monthly activity update

CALGARY, Alberta - Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company's website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. FOR FURTHER INFORMATION PLEASE CONTACT: Ken Gray President and Chief [Read more]

Pathways Alliance carbon capture and storage network moves to design stage

CALGARY, Alberta - Engineering and field work is progressing rapidly to support a regulatory application later this year for the Pathways Alliance proposed carbon capture and storage (CCS) network. The project is foundational to the net zero ambitions of Canada’s six largest oil sands companies that make up the Alliance. Pathways Alliance members have awarded a $10 million contract to Wood, a global engineering and consulting company, to develop detailed plans for a 400-kilometre CO2 [Read more]

$20 million in hydrogen funding awarded by the Hydrogen Centre of Excellence

EDMONTON, Alberta - The Alberta Hydrogen Centre of Excellence (HCOE) is awarding $20M to 18 successful projects to advance innovations in hydrogen through its first funding competition. One of the successful projects is the proposed Bremner 100 per cent Hydrogen Community in Strathcona County, Alberta. Together, ATCO and Qualico are studying the logistics, technology requirements and other considerations involved in safely and affordably developing 100 per cent pure hydrogen communities – an [Read more]