BOE Report

InPlay Oil Corp. announces renewal of credit facility and provides operations update

CALGARY, Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to provide an operations update and announce the completion of the annual renewal of its syndicated Senior Credit Facility. Senior Credit Facility Renewal InPlay’s Senior Credit Facility remains unchanged in lending capacity and has been renewed at $79 million comprised of a $65 million revolving facility(1) and the remaining $14 million term facility. The borrowing base of the revolving [Read more]

Questerre reports on Uinta Basin Railway progress

CALGARY, Alberta - Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported on the planned Uinta Basin Railway that will serve the Uinta Basin in Utah including the acreage held by Red Leaf Resources, Inc. (“Red Leaf”), its investee company. Questerre currently holds a 40% equity interest in Red Leaf. Michael Binnion, President & Chief Executive Officer of Questerre, commented, “It has become less and less common to successfully permit large infrastructure [Read more]

International Petroleum Corporation announces results of share repurchase program

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 1,095,512 IPC common shares (ISIN: CA46016U1084) during the period of July 18 to 22, 2022 under the previously announced share repurchase program. The share repurchase program, announced by IPC on December 1, 2021, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No [Read more]

Prospera announces ownership increase in core properties and acquires light oil property

CALGARY, Alberta - Prospera Energy Inc. (" Prospera " or the " Corporation ") (PEI: TSX-V; GXRFF:OTC; OF6B:FRA) is pleased to announce its recent strategic property acquisitions to increase PEI asset value. Pursuant to an arms-length debt settlement agreement dated February 16, 2022, the Corporation settled debt receivable to PEI by joint venture partner Petrolia Canada Corporation of approximately $1,700,000 by the acquisition of an undivided 13.423% working interest in the Cuthbert, Luseland [Read more]

Shell Midstream Partners, L.P. declares distribution of $0.30 per limited partner common unit

Houston, July 21, 2022 - Shell Midstream Partners, L.P. (NYSE: SHLX) (the “Partnership”) announces that the Board of Directors of its general partner declared a cash distribution of $0.30 per limited partner common unit for the second quarter of 2022. The distribution will be paid August 12, 2022 to unitholders of record as of August 2, 2022. The Partnership’s second quarter earnings release and associated SEC filings will be posted after markets close on Thursday, July 28, 2022. TAX [Read more]

PrairieSky announces 2022 second quarter results, record oil royalty production and funds from operations; publishes annual sustainability report

CALGARY, Alberta - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its second quarter ("Q2 2022") results for the three-month period ended June 30, 2022. Second Quarter Highlights: Record average royalty production of 25,992 BOE per day, a 9% increase over Q1 2022 and 32% over Q2 2021 with oil royalty production reaching a record 12,220 barrels per day. Total revenues increased to $198.1 million, 42% over Q1 2022 and 184% over Q2 2021, [Read more]

Questerre reports on Bill 21

CALGARY, Alberta - Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported that the Government of Quebec intends to bring into effect Bill 21, An Act mainly to end petroleum exploration and production and the public financing of those activities on August 23, 2022. The Company also reported that the Attorney General of Quebec is seeking a motion to dismiss the Company’s claims for the related revocation of its licenses in the province. Michael Binnion, President [Read more]

International Petroleum Corporation announces results of share repurchase program

TORONTO - International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 1,190,008 IPC common shares (ISIN: CA46016U1084) during the period of July 11 to 15, 2022 under the previously announced share repurchase program. The share repurchase program, announced by IPC on December 1, 2021, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation [Read more]

Peyto Exploration & Development Corp. confirms monthly dividend for August 15, 2022

CALGARY, Alberta - Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to July 2022 of $0.05 per common share is to be paid on August 15, 2022, for shareholders of record on July 31, 2022. The ex-dividend date for the July dividend is July 28, 2022. Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes. Shareholders and interested investors are encouraged to visit the Peyto website at [Read more]

Hillcrest demonstrates inverter efficiencies

VANCOUVER, British Columbia – Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) (FRA: 7HIA.F), a clean technology company developing transformative power conversion technologies and control system solutions for next-generation EVs and electrical systems, has completed proof of concept testing that demonstrates the elimination of switching losses with its traction inverter. A comparison of losses between soft-switching and hard-switching was calculated by Hillcrest. The system was [Read more]