BOE Report

Birchcliff Energy Ltd. receives TSX approval for renewed normal course issuer bid

CALGARY, Alberta - Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has accepted the notice of Birchcliff’s intention to make a normal course issuer bid (the “NCIB”). The NCIB effectively renews the Corporation’s existing normal course issuer bid which is set to expire on November 24, 2021. The NCIB allows Birchcliff to purchase up to 13,267,554 common shares (representing 5% of its 265,351,094 common [Read more]

Advancing the commercial potential of geothermal energy for oil sands mines

CALGARY, Alberta - A new study investigating the application of geothermal energy in oil sands mining is moving the commercial potential of this renewable energy source closer to reality. Canada’s Oil Sands Innovation Alliance (COSIA) has partnered with Eavor Technologies Inc. and C-FER Technologies to conduct a high-level economic feasibility assessment of Eavor’s technology, Eavor-Loop™, as a method of providing thermal energy to an oil sands mine over a 30-year project life. The study, [Read more]

Peyto Exploration & Development Corp. confirms monthly dividend for Dec. 15, 2021

CALGARY, Alberta - Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to November 2021 of $0.05 per common share per month is to be paid on December 15, 2021, for shareholders of record on November 30, 2021. The ex-dividend date for the November dividend is November 29, 2021. This dividend level, which is determined by the Board of Directors of Peyto, equates to $0.60/share annually and will be confirmed each month in advance of [Read more]

Kiwetinohk Energy Corp. announces appointment of Chief Operating Officer, Upstream Division

CALGARY, Alberta - Kiwetinohk Energy Corp. ("Kiwetinohk" or the "Company") is pleased to announce that Mike Backus has been appointed Chief Operating Officer of the Upstream Division. Mr. Backus has over 25 years of industry experience in a variety of engineering, operational, finance and executive roles, both domestically and internationally. Prior to joining us, Mike was Vice President, Operations and Development at Painted Pony Energy where he was responsible for the Development and [Read more]

Petrus Resources announces third quarter 2021 financial & operating results

CALGARY, Alberta, Nov. 11, 2021 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three and nine months ended September 30, 2021. Petrus is focused on generating free cash flow to support further development of its Ferrier Cardium assets to benefit all stakeholders. HIGHLIGHTS Transformative debt reduction – During the quarter Petrus executed certain transactions, transforming its debt [Read more]

Questerre reports third quarter 2021 results

CALGARY, Alberta, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the third quarter ended September 30, 2021. Michael Binnion, President and Chief Executive Officer, commented, “The Quebec Premier’s announcement of plans to ban oil and gas extraction was very disappointing. This is particularly true for our shareholders, especially from Norway, that believed in the potential [Read more]

Prairie Provident Resources announces third quarter 2021 financial and operating results and leadership changes

CALGARY, Alberta, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") (TSX: PPR) today announces our financial and operating results for the three and nine months ended September 30, 2021. PPR’s unaudited condensed interim consolidated financial statements for the three and nine months ended September 30, 2021 and related Management’s Discussion and Analysis (“MD&A”) for the same periods are available on our website at www.ppr.ca [Read more]

Pieridae releases Q3 2021 results

CALGARY, Alberta, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) released its Q3 2021 financial and operating results today, highlighted by solid increases in petroleum and natural gas revenue and AFFO and the successful completion of the Company’s second major facility turnaround of 2021, at the Caroline Gas Complex. “We maintained solid production and revenue in the quarter despite the scheduled shutdown of a second gas plant this year. I [Read more]

Freehold Royalties Ltd. announces third quarter 2021 results and increases dividend by 20%

CALGARY, Alberta - Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces third quarter results for the period ended September 30, 2021. Operating and Financial Highlights Three Months Ended September 30 Nine Months Ended September 30 FINANCIAL ($000s, except as noted) 2021 2020 Change 2021 2020 Change Royalty and other revenue 50,879 23,123 120% 132,549 64,165 107% Net income (loss) 22,726 139 nm 40,906 (14,304) nm Per share, [Read more]

Birchcliff Energy Ltd. announces Q3 2021 financial and operational results, increased 2021 adjusted funds flow and free funds flow guidance and preliminary outlook for 2022

CALGARY, Alberta - Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its financial and operational results for the three and nine months ended September 30, 2021, its updated 2021 guidance and its preliminary outlook for 2022. “Birchcliff delivered exceptional third quarter results, highlighted by record quarterly adjusted funds flow(1) of $168.1 million and free funds flow(1) of $150.1 million, with quarterly average production of 84,924 boe/d,” [Read more]