BOE Report

Crew Energy announces year end 2021 reserves highlighted by a 70% increase in value and record increase in proved developed producing reserves

CALGARY, Alberta - Crew Energy Inc. (TSX: CR, OTCQB: CWEGF) (“Crew” or the “Company”), a growth-oriented natural gas weighted producer operating exclusively in the world-class Montney play in northeast British Columbia, is pleased to provide highlights from our year-end independent corporate reserves evaluation prepared by Sproule Associates Ltd. (“Sproule”) with an effective date of December 31, 2021 (the “Sproule Report”). Crew’s 2021 year-end reserves reflect the successful first half [Read more]

Cenovus announces 2021 fourth-quarter and full-year results

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) delivered record oil sands production in the fourth quarter of 2021, contributing to total upstream output of more than 825,000 barrels of oil equivalent per day (BOE/d)1 and almost 792,000 BOE/d1 for the full year. The company generated fourth-quarter cash from operating activities of $2.2 billion and adjusted funds flow of $1.9 billion. With free funds flow of $1.1 billion in the quarter, and proceeds from recent divestitures, [Read more]

International Petroleum Corporation 2021 year-end financial results and 2022 budget and production guidance

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operating results and related management’s discussion and analysis (MD&A) for the year ended December 31, 2021. IPC is also pleased to announce its 2022 capital expenditure budget of USD 127 million and its 2022 production guidance of between 46,000 and 48,000 barrels of oil equivalent (boe) per day (boepd).(1) 2021 year-end proved plus probable (2P) reserves and best [Read more]

PrairieSky announces record quarterly funds from operations, 2021 annual results and 33% dividend increase

CALGARY, Alberta - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce fourth quarter ("Q4 2021") and year end operating and financial results for the period ended December 31, 2021. PrairieSky is also pleased to announce a 33% increase in its annual dividend to $0.48 per common share. Fourth Quarter Highlights: Achieved record quarterly funds from operations of $101.8 million ($0.45 per common share basic and diluted), a 148% increase over Q4 2020 [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 352,546 IPC common shares (ISIN: CA46016U1084) during the period of January 31 to February 4, 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]

Kiwetinohk appoints new independent board members, deepens project delivery team

CALGARY, Alberta - Kiwetinohk Energy Corp. (TSX:KEC) today announced the appointment of two new independent directors, Judith Athaide and John Whelen, effective February 3, 2022. Judith Athaide is a corporate director, entrepreneur, professional engineer and certified corporate director. She brings more than 30 years’ experience in the energy, power and utilities, infrastructure, clean technologies, real estate, financial services and professional services sectors. Her areas of expertise [Read more]

Shell PLC 4th quarter and full year unaudited results

SHELL PLC 4TH QUARTER 2021 AND FULL YEAR UNAUDITED RESULTS SUMMARY OF UNAUDITED RESULTS Quarters $ million Full year Q4 2021 Q3 2021 Q4 2020 %¹ Reference 2021 2020 % 11,461 (447) (4,014) +2662 Income/(loss) attributable to Shell plc shareholders 20,101 (21,680) +193 11,081 (988) (4,478) +1221 CCS earnings attributable to shareholders Note [Read more]

International Petroleum Corporation to release 2021 year-end financial results and to hold capital markets day on February 8, 2022

TORONTO - International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) will publish its financial and operating results and related management’s discussion and analysis for the year ended December 31, 2021, on Tuesday, February 8, 2022 at 07:30 CET, followed by an audiocast at 09:00 CET. IPC’s annual Capital Markets Day will be held on Tuesday, February 8, 2022 as a live webcast at 14:00 CET. Follow the 2021 year-end financial results audiocast at 09:00 CET live on [Read more]

Athabasca Oil Corporation announces preliminary year-end results, $32 million debt repayment and operations update

CALGARY, Alberta - Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to announce its preliminary 2021 year-end results, $32 million (US$25 million) term note repayment and an operational update demonstrating momentum into 2022. Athabasca is uniquely positioned as a low leveraged company generating significant free cash flow through its low-decline, oil weighted asset base. In the current oil price environment, the Company’s assets generate exceptional cash flow. [Read more]

Questerre polling data confirms majority of Quebecers support developing natural gas with new technologies

CALGARY, Alberta - Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today the recent Quebec polling results on developing natural gas with new technologies. Over 66% of decided Quebecers support local natural gas development and 20% have no opinion. This support increases to 74% with only 15% against if new technology is used to eliminate emissions, the use of municipal water systems and the use of toxic fluids below ground and 11% have no opinion. Michael [Read more]