BOE Report

Cardinal Energy Ltd. Announces Third Quarter 2022 Operating and Financial Results and 2023 Budget

CALGARY, Alberta, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) is pleased to announce its operating and financial results for the third quarter ended September 30, 2022 and its 2023 budget. Selected financial and operating information is shown below and should be read in conjunction with Cardinal's unaudited condensed interim financial statements and related Management's Discussion and Analysis for the three and nine month periods ended [Read more]

Freehold Royalties Announces Third Quarter Results, Record Drilling Activity and Royalty Production

CALGARY, Alberta, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces third quarter results for the period ended September 30, 2022. President’s Message Production volumes for the quarter averaged 14,219 boe/d, a record for Freehold. We had over 300 gross wells drilled on our lands in the third quarter, bringing year to date totals to over 750 gross wells and we expect 2022 to be Freehold’s most active year for drilling in our 26-year [Read more]

Cenovus announces renewal of share buyback program

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today the Toronto Stock Exchange (“TSX”) has approved the renewal of the company’s normal course issuer bid (“NCIB”) to purchase up to 136,717,741 common shares during the 12-month period commencing November 9, 2022 and ending November 8, 2023. Cenovus’s renewal of its share buyback program is consistent with the company’s capital allocation framework, which supports enhancing value for investors by returning cash to [Read more]

Surge Energy Inc. Announces Upsizing of Previously Announced Equity Financing

CALGARY, Alberta, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Surge Energy Inc. (“Surge”, “SGY”, or the “Company”) (TSX: SGY) is pleased to announce that, as a result of excess demand, it has agreed with the syndicate of underwriters led by National Bank Financial Inc. and Peters & Co. Limited to increase the size of its previously announced bought-deal financing (the "Offering"). Surge will now issue 7,568,000 common shares (the "Common Shares") at a price of $9.25 per Common Share to raise aggregate [Read more]

Athabasca Oil Announces 2022 Third Quarter Results including Record $102 million of Adjusted Funds Flow along with $223 million in Debt Redemptions Year to Date

CALGARY, Alberta, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its 2022 third quarter results with record Adjusted Funds Flow, strong Free Cash Flow and material deleveraging. Athabasca is uniquely positioned as a low leveraged company generating significant Free Cash Flow through its low-decline, oil weighted asset base. Q3 Corporate Highlights Production: 37,240 boe/d (93% Liquids) consisting of 31,023 bbl/d [Read more]

Surge Energy Inc. Announces a $245 Million ($200 Million Net) Strategic Core Area Acquisition and Financings; Anticipated 14% Dividend Increase; Increased 2022 Production Rate Exit Guidance; and Preliminary 2023 Estimates

CALGARY, Alberta, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Surge Energy Inc. (“Surge”, “SGY”, or the “Company”) (TSX: SGY) is pleased to announce that it has entered into a definitive purchase and sale agreement (the “Definitive Agreement”) with Enerplus Corporation (“Enerplus” or “ERF”) pursuant to which Surge has agreed to acquire from Enerplus (the “Acquisition”) long life, operated, high operating netback1, waterflooded producing oil assets focused entirely within Surge’s Sparky and SE Saskatchewan [Read more]

Cenovus announces 2022 third-quarter financial and operating results

CALGARY, Alberta, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) generated more than $4.0 billion in cash from operating activities, approximately $3.0 billion in adjusted funds flow and nearly $2.1 billion in free funds flow in the third quarter of 2022, driven by continued strong operations. Total upstream production was approximately 778,000 barrels of oil equivalent per day (BOE/d)1 and downstream throughput averaged 533,500 barrels per day (bbls/d). As part of [Read more]

Petrus Resources Announces Monthly Activity Update

CALGARY, Alberta, Oct. 27, 2022 (GLOBE NEWSWIRE) -- 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.     [Read more]

PrairieSky Announces 2022 Third Quarter Results and 100% Increase to Dividend

CALGARY, Alberta, Oct. 24, 2022 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its third quarter results for the three-month period ended September 30, 2022 ("Q3 2022”) and a 100% increase in its quarterly dividend to $0.24 per common share ($0.96 per common share annualized). Third Quarter Highlights: Quarterly revenues totaled $154.7 million, comprised of royalty production revenues of $146.0 million and other revenues of [Read more]

Birchcliff Energy Ltd. Announces Special Dividend, Preliminary 2023 Guidance and Updated 2022 Guidance

CALGARY, Alberta, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce a special dividend on its common shares, its preliminary 2023 guidance and updated 2022 guidance. Jeff Tonken, Birchcliff’s Chief Executive Officer, commented: “By the end of 2022, we expect to have retired approximately $840 million of total debt(1) and preferred shares since June 30, 2020, nearing our goal of zero total debt. As a result, our board [Read more]