BOE Report

Prairie Provident Resources announces closing of $5 million second lien financing

CALGARY, Alberta - Prairie Provident Resources Inc. (TSX: PPR) ("Prairie Provident" or the "Company") is pleased to announce that it has completed the issuance of second lien notes due December 31, 2024 in the principal amount of US$3.64 million (equivalent to approximately C$5 million) (the “Second Lien Notes”) with certain affiliates of PCEP Canadian Holdco, LLC (the “PCEP”) (the “Second Lien Financing”). The Second Lien Financing is being completed in connection with the recently announced [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]

Hammerhead Energy Inc. announces record 2022 annual results, 2022 year-end reserves and provides 2023 guidance

Hammerhead Energy Inc. (“Hammerhead Energy” or “HEI”) (TSX: HHRS, HHRS.WT ; NASDAQ: HHRS, HHRSW) is pleased to announce record 2022 annual financial and operating results, year-end 2022 reserves and provide 2023 guidance. On February 23, 2023, HEI completed a plan of arrangement pursuant to a business combination agreement with Decarbonization Plus Acquisition Corporation IV (“DCRD”), an affiliate of HEI's controlling shareholder, Riverstone Holdings LLC, Hammerhead Resources Inc. (the [Read more]

Prairie Provident Resources announces transformative recapitalization transactions

Transactions include Senior Credit Facility Extension, New Second Lien Financing, Repayment of Subordinated Notes with Equity and related Warrant Exercise, and Brokered Equity Financing Completion will significantly reduce total indebtedness by $68 million, repositioning the Company to be 1.5x to 2.0x exit debt-to-EBITDA with estimated free funds flow of $17 million to $22 million in 2023 and further debt reductions targeted in 2024 New investment and brokered equity financing to fund [Read more]

Prospera Energy PEI ESG initiatives reduces asset retirement liability commendably and gains the principal investors support and guidance to increase ESG efforts effectually

CALGARY, Alberta - Prospera Energy Inc. PEI: TSX-V; OF6A: FRA, OTC: GXRFF Approximately two years ago Prospera was restructured to be profitable and compliant from a terminal position. Although the focus was to increase production rapidly, Prospera has commendably managed to address 400+ non-compliances and abandoned 60 wells. As a result, PEI has elevated the regulator License Liability Rating (LLR) from a deficit 0.37 past the regulator requirement (LLR=1) to surplus 1.2, erasing the [Read more]

Shell plc – Report on Payments to Governments for the year 2022

Shell plc – Report on Payments to Governments for the year 2022 Basis for Preparation - Report on Payments to Governments for the year 2022 This Report provides a consolidated overview of the payments to governments made by Shell plc and its subsidiary undertakings (hereinafter referred to as “Shell”) for the year 2022 as required under the UK’s Report on Payments to Governments Regulations 2014 (as amended in December 2015). These UK Regulations enact domestic rules in line with Directive [Read more]

International Petroleum Corporation announces results of normal course issuer bid

TORONTO - International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 300,200 IPC common shares (ISIN: CA46016U1084) during the period of March 20 to 24, 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]

Equinor presents first integrated annual report

Equinor ASA (OSE: EQNR, NYSE: EQNR) publishes the integrated annual report for 2022, combining financial and sustainability reporting. “Through 2022 we focused on securing safe and reliable delivery of energy. The invasion of Ukraine and Russia’s weaponisation of energy brought further instability to already tight markets, and across the organisation we have felt the responsibility that comes with being the single largest supplier of gas to Europe. At the same time, we also progressed on our [Read more]

Crew Energy announces early redemption of remaining outstanding 6.5% senior unsecured notes due 2024

CALGARY, Alberta - 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 today the issuance of a notice of redemption for $172 million principal amount of 6.5% senior unsecured notes (the "Notes") due March 2024 (the "Redeemed Notes"), which represent all the Company's remaining Notes outstanding. As set forth in the [Read more]

Pieridae releases Q4 and full year 2022 results, 2022 reserves & revises 2023 guidance

CALGARY, Alberta - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) announces the release of its fourth quarter and full year 2022 financial and operating results and year end 2022 reserves. Pieridae generated Net Operating Income (“NOI”)1 of $201 million and made term debt principal repayments totalling $48 million during 2022. In addition, the Company filed its Annual Information Form ("AIF") for the year ended December 31, 2022 containing Pieridae's 2022 independent oil and [Read more]