BOE Report

PrairieSky Royalty closes $230.1 million bought deal equity financing

CALGARY, Alberta - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce that it has closed its previously announced bought deal offering of common shares (the "Offering"). Pursuant to the Offering, the Company issued 17,169,500 common shares (including 2,239,500 common shares issued pursuant to the exercise in full of the over-allotment option granted to the underwriters) at a price of $13.40 per common share, for aggregate gross proceeds of approximately [Read more]

Prairie Provident announces successful second half 2021 drilling program

CALGARY, Alberta - Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to provide an operational update outlining the successful second half 2021 drilling program in its core Princess area.  Two Lithic Glauconite horizontal wells and one Ellerslie horizontal well were brought online in the second half of 2021. Current corporate average daily production based on field estimates is approximately 5,175 boe/d1 (69% liquids). Princess Area Update The 2021 [Read more]

Freehold Royalties Ltd. declares dividend for December 2021

CALGARY, Alberta - Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.06 per common share to be paid on January 17, 2022 to shareholders of record on December 31, 2021. These dividends are designated as “eligible dividends” for Canadian income tax purposes. Freehold’s focus is on acquiring and managing oil and gas royalties. Freehold’s common shares trade on the Toronto Stock Exchange in Canada under the symbol FRU. For [Read more]

Kiwetinohk Energy Corp. announces expansion of lending syndicate and increased credit facility

CALGARY, Alberta - Kiwetinohk Energy Corp. (“Kiwetinohk” or the Corporation”) is pleased to announce a 40 percent increase to its Senior Secured Extendible Revolving Facility (or “Credit Facility”). Kiwetinohk’s existing lenders, Bank of Montreal as agent and co-leads ATB Financial and National Bank of Canada, have completed their semi-annual borrowing base redetermination and have agreed to amend the Credit Facility and increase the borrowing limit from $225 million to $315 million. To support [Read more]

Suncor Energy announces 2022 production outlook and capital program

CALGARY, Alberta - Suncor released its 2022 corporate guidance today which supports the previous announcements of doubling the dividend, increasing share buybacks and lowering the capital program by $300 million. The 2022 guidance reflects strong operational performance across all assets and continued capital and cost discipline. Highlights include: Upstream production of 750,000 to 790,000 barrels of oil equivalent per day (boe/d), approximately 5% higher than the expected 2021 levels, [Read more]

Petrus Resources provides 2022 budget guidance and operational outlook

CALGARY, Alberta - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) is pleased to announce its Board of Directors has approved a 2022 capital budget of $50 to $55 million, which is expected to deliver average annual production in the range of 7,000 to 7,500 boe per day, a forecasted increase of approximately 25% compared to 2021 estimates. The majority of the forecasted production growth is expected to be realized in the second half of 2022 leading to estimated exit rates exceeding [Read more]

CER’s projection for Canada’s use of fossil fuels in the coming decades

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CALGARY, Alberta - The Canada Energy Regulator (CER) has published their outlook for Canadian fossil fuel use. Canada's Energy Future 2021: Energy Supply and Demand Projections to 2050 (EF2021) projects fossil fuel use, without carbon capture and storage technology, falling by 62 per cent in the next 30 years if Canada and the world continue the current pace of increasing action to reduce greenhouse gas (GHG) emissions. The same projection sees Canadians reducing their overall energy consumption [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 253,210 IPC common shares (ISIN: CA46016U1084) during the period of December 3 to 9, 2021 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]

Crew Energy Inc. announces 2022 capital budget and continued execution of two-year plan, highlighted by debt reduction and per share growth in production and AFF

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 confirm that our Board of Directors (the “Board”) has approved a 2022 capital expenditure budget ranging between $70 and $95 million, in-line with our established two-year plan. In 2022, Crew plans to continue targeting increased annual average daily production, [Read more]

PrairieSky Royalty declares quarterly dividend

CALGARY, Alberta - PrairieSky Royalty Ltd. (“PrairieSky”) (TSX:PSK) announced today that its Board of Directors has declared a quarterly dividend of CDN $0.09 per common share, payable in cash on January 17, 2022 to shareholders of record on December 31, 2021. This dividend is designated as an “eligible dividend” for Canadian income tax purposes. About PrairieSky Royalty Ltd. PrairieSky is a royalty-focused company, generating royalty revenues as petroleum and natural gas are produced from [Read more]