BOE Report

Prairie Provident Resources announces first quarter 2022 financial results and successful first quarter drilling program

CALGARY, Alberta - Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") is pleased to announce our operating and financial results for the three months ended March 31, 2022. PPR’s unaudited condensed interim consolidated financial statements for the three months ended March 31, 2022 (“Interim Financial Statements”) and related Management’s Discussion and Analysis (“MD&A”) are available on our website at www.ppr.ca and filed on SEDAR. MESSAGE TO SHAREHOLDERS [Read more]

Petrus Resources announces strong first quarter 2022 financial & operating results

CALGARY, Alberta - Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three months ended March 31, 2022. Q1 2022 HIGHLIGHTS: Production up 25% – Production was up 25% quarter over quarter from 5,880 boe/d in the fourth quarter of 2021 to 7,379 boe/d in the first quarter of 2022 primarily due to the new wells drilled in late 2021. The acquisition (as discussed below) contributed only 90 boe/d to the quarterly [Read more]

Questerre reports first quarter 2022 results

CALGARY, Alberta - Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the quarter ended March 31, 2022. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “Though it has not yet come into force, the National Assembly in Quebec passed Bill 21 banning oil and gas development in the province last month. We are still keen to work with the people of Quebec who have shown support for our [Read more]

Pieridae releases Q1 2022 results

CALGARY, Alberta - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) released its Q1 2022 financial and operating results today, highlighted by the positive impact higher commodity prices have had on our business, resulting in material increases in NOI, AFFO, net income, petroleum and natural gas revenue, and netback per boe. “We achieved solid financial results, managed our costs and, subsequent to the end of the quarter, began to reduce our debt principal. Higher commodity [Read more]

International Petroleum Corporation announces terms of substantial issuer bid

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce the terms of its substantial issuer bid (the Offer) to purchase for cancellation up to CDN$128 million (equivalent to approximately US$100 million and SEK 990 million) of its common shares (Shares), commencing on May 16, 2022 and expiring at 5:00 p.m. (Eastern Standard Time) on June 28, 2022, unless varied or withdrawn. For shareholders who hold Shares directly or indirectly through [Read more]

Razor Energy Corp. announces closing of oversubscribed flow-through rights offering

CALGARY, Alberta -  Razor Energy Corp. ("Razor”) (TSXV: RZE) in conjunction with FutEra Power Corp. (“FutEra”), a wholly owned subsidiary of Razor, is pleased to announce that it has completed its previously announced rights offering to eligible holders of Razor’s common shares (the “Common Shares”) of record at the close of business on April 7, 2022. The Rights Offering expired on May 6, 2022, with the rights trading on the TSX Venture Exchange (the “TSXV”) under the symbol “RZE.RT” being [Read more]

Pipestone Energy Corp. reports first quarter 2022 results and provides an operations update

CALGARY, Alberta - (TSX:PIPE) Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to report its first quarter 2022 financial and operational results, and to provide an update on its operations, including the encouraging early results from the flowback of its 12-36 eastern exploration well. FIRST QUARTER 2022 CORPORATE HIGHLIGHTS: The Company generated record revenue of $153.5 million, which more than doubled Q1 2021 revenue of $71.5 million, and represents a 12% increase [Read more]

InPlay Oil Corp. announces first quarter 2022 financial and operating results highlighted by record quarterly production and financial results

CALGARY, Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces its record setting financial and operating results for the three months ended March 31, 2022, our first full quarter incorporating the acquisition of Prairie Storm Resources Corp. (“Prairie Storm”). InPlay’s condensed unaudited interim financial statements and notes, as well as Management’s Discussion and Analysis (“MD&A”) for the three months ended March 31, 2022 will be available at [Read more]

Athabasca Oil Announces 2022 first quarter results including record $44 million free cash flow, $110 million in debt redemptions and releases its annual ESG Report

CALGARY, Alberta -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its 2022 first quarter results with record 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. Q1 Corporate Highlights Production above Guidance: 34,679 boe/d (92% Liquids) consisting of 27,909 bbl/d in Thermal Oil and 6,770 boe/d (57% Liquids) [Read more]

Cenovus announces shareholder returns plan, triples dividend

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is further increasing shareholder returns on the strength of its balance sheet and ongoing reliability of its operating performance. The company’s Board of Directors has approved tripling the base dividend starting with the second quarter of 2022, as well as a plan for additional increases to shareholder returns. Beyond the base dividend increase, Cenovus will target to return 50% of quarterly excess free funds flow to shareholders [Read more]