BOE Report

Suncor Energy provides update on White Rose asset

CALGARY, Alberta - Suncor today announced it has entered into a conditional agreement to increase its interest in the White Rose asset subject to a restart decision on the West White Rose project. As part of the conditional agreement, Cenovus, the operator, will complete a restart evaluation for the West White Rose project by mid-2022. Should the project economics be robust enough to lead to a restart decision, Suncor has agreed to increase its interest in the White Rose offshore field by [Read more]

Cenovus announces Atlantic assets restructuring plan

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has entered into agreements with its partners in the Atlantic region to restructure its working interests in the Terra Nova and White Rose projects, providing improved economics for the company’s regional portfolio. These agreements will increase Cenovus’s working interest in Terra Nova and, if a decision is taken to restart West White Rose, reduce the company’s working interest in the White Rose field. Cenovus’s working [Read more]

Suncor Energy confident in East Coast Canada energy future: moves forward with Terra Nova asset life extension

CALGARY, Alberta - Suncor today announced that the co-owners of the Terra Nova Floating, Production, Storage and Offloading (FPSO) facility and associated Terra Nova Field (“Terra Nova”) have finalized the agreement to restructure the project ownership and move forward with the Asset Life Extension Project. Suncor, Cenovus and Murphy Oil, now control 100% of the project with the following increased ownership positions: Suncor – 48% (previously approximately 38%); Cenovus – 34% (previously 13%); [Read more]

InPlay Oil Corp. provides operational update and preliminary 2022 outlook

CALGARY, Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to provide an operations update and a preliminary outlook for 2022.(1) InPlay continues to achieve strong results from our 2021 drilling program focused on the Pembina Cardium asset acquired in the fourth quarter of 2020. The three 100% Pembina Cardium Extended Reached Horizontal (“ERH”) wells drilled in the first quarter of 2021 continue to flow without artificial lift and outperform our [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 October 15, 2021 to shareholders of record on September 30, 2021. This dividend is designated as an “eligible dividend” for Canadian income tax purposes. [Read more]

Petrus provides transaction update

CALGARY, Alberta - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) is pleased to announce that, further to its news release dated August 30, 2021 with respect to its intention to complete a series of transactions (the “Transactions”) that will reduce the Company’s total debt by approximately $49 million through the issuance of $25.8 million of Petrus shares at $0.55 per share and extend the maturity date of the Company’s senior secured credit facility (the "First Lien Loan"), the [Read more]

Baytex Provides update to 2021 Clearwater appraisal program

CALGARY, Alberta - Baytex Energy Corp. (TSX: BTE) is pleased to provide an update to its 2021 Clearwater appraisal program and announce a second strategic land agreement with the Peavine Métis Settlement. "The Clearwater has emerged as one of the most profitable plays in Canada and our 2021 appraisal program has delivered production results beyond our initial expectations. We have drilled five successful oil wells and our Clearwater production has increased to greater than 2,300 bbl/d. In [Read more]

Birchcliff Energy Ltd. announces declaration of quarterly common share and preferred share dividends

CALGARY, Alberta - Birchcliff Energy Ltd. (“Birchcliff”) (TSX: BIR) is pleased to announce that its board of directors has declared the following quarterly cash dividends for the quarter ending September 30, 2021: Shares TSX Stock Symbol Dividend per Share Common Shares BIR $0.005 Cumulative Redeemable Preferred Shares, Series A BIR.PR.A $0.523375 Cumulative Redeemable Preferred Shares, Series C BIR.PR.C $0.4375 The dividends are payable on October 1, [Read more]

Kiwetinohk Resources Corp. and Distinction Energy Corp. shareholders approve of plan of arrangement

CALGARY, Alberta - Kiwetinohk Resources Corp. ("Kiwetinohk") and Distinction Energy Corp. (“Distinction”) are pleased to announce that the shareholders of each company have voted in favour of the previously announced plan of arrangement (the “Arrangement”) under section 192 of the Canada Business Corporations Act (the “CBCA”) to create a larger scale, more efficient and diversified energy company positioned for the energy transition. On August 30, 2021, Kiwetinohk and Distinction each held [Read more]

Altura Energy Inc. announces proposed private placement, name change to Tenaz Energy Corp., new management team and new board

CALGARY, Alberta - Altura Energy Inc. ("Altura" or the "Company") (ATU: TSXV) is pleased to announce it has entered into a definitive reorganization and investment agreement (the "Investment Agreement") which provides for, among other things: (i) the appointment of a new management team (the "New Management Team"); and (ii) the reconstitution of the board of directors of Altura (the "New Board"), all as described below (collectively, the "Transaction"). The New Management Team will cause Altura [Read more]