BOE Report

Petrus Resources announces transformative transactions to reduce debt and position company for renewed growth

CALGARY, Alberta - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) is pleased to announce that it has entered into a series of agreements (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 Transactions will also result in the full settlement of the Company’s [Read more]

Razor Energy Corp. announces second quarter 2021 results

CALGARY, Alberta - Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) announces its second-quarter 2021 financial and operating results. Selected financial, operational and reserves information is outlined below and should be read in conjunction with Razor’s unaudited condensed consolidated interim financial statements and management’s discussion and analysis for the quarter ended June 30, 2021 which are available on SEDAR at www.sedar.com and the Company’s website [Read more]

NuVista Energy Ltd. Releases 2020 ESG Report

CALGARY, Alberta, Aug. 23, 2021 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce the release of our 2020 Environmental, Social, and Governance (“ESG”) Report. This report, available for viewing on NuVista’s website, highlights our ESG performance through 2019 and 2020. We are proud to share the progress we’ve made on advancing our ESG priorities. 2020 ESG Highlights include: Over 50% reduction in annual Greenhouse Gas Emissions [Read more]

Petrus Resources announces extension to credit agreements

CALGARY, Alberta - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) announces its syndicate of lenders has extended the borrowing base termination date on its senior revolving credit facility agreement from August 20, 2021 to August 27, 2021. The Company's second lien term loan provider has also agreed to extend the maturity date of the Company's second lien term loan from October 21, 2021 to October 28, 2021. The Company continues to be in discussions with the bank syndicate on a [Read more]

Combined company to operate as Kiwetinohk Energy Corp.

CALGARY, Alberta - As announced on June 28, 2021, the Boards of Directors and the largest shareholders of each of Kiwetinohk Resources Corp. ("Kiwetinohk") and Distinction Energy Corp. ("Distinction") have agreed to a combine the businesses of Kiwetinohk and Distinction under a plan of arrangement under applicable corporate law (the "Arrangement"). On July 23, 2021, the Court of Queen's Bench of Alberta issued an interim order (the "Interim Order") providing for the calling and holding of a [Read more]

Athabasca Oil Corporation announces market egress transactions that increase corporate liquidity by ~$100 million

CALGARY, Alberta - Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) has executed two strategic market egress transactions that increase corporate liquidity by approximately $100 million through cash consideration and the release of restricted cash that was securing letters of credit. These transactions further bolster the Company’s strong liquidity position with a 60% increase in pro forma unrestricted cash balances to approximately $265 million. Athabasca believes the [Read more]

Distinction Energy Corp. files second quarter 2021 results

CALGARY, Alberta - Distinction Energy Corp. (“Distinction” or the “Company”) announces that it has filed its second quarter financial statements and related management’s discussion and analysis for the three and six months ended June 30, 2021 with the Canadian securities regulatory authorities on SEDAR. [Read more]

Petrus Resources Announces Extension to Credit Agreements

CALGARY, Alberta, Aug. 13, 2021 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) announces its syndicate of lenders has extended the borrowing base termination date on its senior revolving credit facility agreement from August 13, 2021 to August 20, 2021. The Company's second lien term loan provider has also agreed to extend the maturity date of the Company's second lien term loan from October 14, 2021 to October 21, 2021. The Company continues to be in [Read more]

Razor Energy Corp. Announces Closing of Strategic Light Oil Consolidation Acquisition in Swan Hills, and FutEra Power Corp. Adoption of a Stock Option Plan

CALGARY, Alberta, Aug. 12, 2021 (GLOBE NEWSWIRE) -- Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased to announce that it has closed its acquisition of certain non-operated working interest assets in its Swan Hills, Alberta core region (the “Assets”) for a total purchase price of $5 million cash, subject to certain closing adjustments (the “Acquisition”) as previously announced in its August 4, 2021 press release. The Acquisition was funded by Arena Investors, LP (“Arena”) [Read more]

Questerre reports second quarter 2021 results

CALGARY, Alberta - Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the second quarter ended June 30, 2021. Michael Binnion, President and Chief Executive Officer, commented, “We took advantage of higher prices to reduce net debt in the first half of the year. Our net debt stands at under $2 million compared to approximately $8 million at year-end. Although capital spending has been limited to date, if prices [Read more]