BOE Report

Marksmen announces operational update

CALGARY, Alberta - Marksmen Energy Inc. (“Marksmen” or the “Company”) (TSXV: MAH) announces the following: Pickaway County, Ohio – Further to Marksmen’s news release dated August 26, 2021, Marksmen is pleased to provide further information with respect to the drilling of the Davis Holbrook #2 well (“DH2”) in the Cambrian Knox formation. Marksmen is the operator of the well and holds a 75% working interest. It is the first of up to five vertical offset wells to Marksmen’s Davis Holbrook #1 [Read more]

Suncor assumes operatorship of Syncrude

CALGARY, Alberta - Suncor today confirmed that it has assumed operatorship of the Syncrude Joint Venture, a critical step towards driving greater efficiencies and competitiveness across all Suncor-operated assets in the Regional Municipality of Wood Buffalo (RMWB). The arrangement, which has the full support of the Syncrude joint venture owners and was initially announced in the fourth quarter of 2020, reflects Suncor’s confidence in the Syncrude asset and is part of a multi-year strategy to [Read more]

Crew Energy announces October 2021 virtual investor conference lineup

CALGARY, Alberta - Crew Energy Inc. (TSX: CR, OTC: CWEGF) (“Crew” or the “Company”), a growth-oriented natural gas weighted producer focused in the world-class Montney play in northeast British Columbia, today announced that the Company will present at the Microcap Rodeo Fall Harvest Investor Conference on October 5th, 2021, and the Lytham Partners Fall 2021 Conference on October 6th, 2021. Microcap Rodeo Fall Harvest Investor Conference Senior management of Crew is scheduled to present on [Read more]

Marksmen announces first closing of private placement

CALGARY, Alberta - Marksmen Energy Inc. (TSXV: MAH) (OTCQB: MKSEF) (“Marksmen” or the “Company”) announces that it has completed the first closing of its previously announced non-brokered private placement of units (the “Units”) of Marksmen (the “Offering”). The Company issued 5,920,000 Units at a price of $0.06 per Unit for aggregate gross proceeds of $355,200. Each Unit is comprised of one (1) common share (“Common Share”) and one (1) share purchase warrant (“Warrant”) of Marksmen. Each whole [Read more]

Cardinal Energy Ltd. honours the National Day for Truth and Reconciliation

CALGARY, Alberta - (TSX - CJ) Cardinal Energy Ltd. is proud of our relationships with various First Nations living in and around our areas of operation in Western Canada, and particularly in our core area of Slave Lake. Through our operations, we have been exposed to the challenges faced by individuals living in these remote areas and strongly believe that Cardinal, as a partner in resource development, has a role to play. Therefore we have decided that the most meaningful way to acknowledge and [Read more]

TransGlobe Energy Corporation operations update

AIM & TSX: “TGL” & NASDAQ: “TGA” This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta - TransGlobe Energy Corporation (“TransGlobe” or the “Company”) provides the following operations update. All dollar values are expressed in US dollars unless otherwise stated. COMPANY [Read more]

InPlay Oil Corp. announces accretive strategic Cardium acquisition, $10 million equity financing and increased senior credit facility

CALGARY, Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce that it has entered into a definitive agreement (the "Agreement") to acquire Prairie Storm Resources Corp. ("Prairie Storm") (TSXV: PSEC), a light-oil Cardium focused producer with operations primarily in the Willesden Green area of central Alberta (the "Prairie Storm Assets") for total net consideration of approximately $40.5 million(1) (the "Acquisition"). The highly accretive [Read more]

Cenovus and Headwater announce bought deal secondary offering of Headwater common shares worth approximately $114 million

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) (“Cenovus” or the “Selling Shareholder”) and Headwater Exploration Inc. (TSX: HWX) (“Headwater” or the “Company”) announced today that they have entered into an agreement with Peters & Co. Limited and BMO Capital Markets (the “Lead Underwriters”), on behalf of a syndicate of underwriters (together with the Lead Underwriters, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, [Read more]

Freehold Royalties Ltd. announces closing of U.S. royalty assets and credit facility expansion

CALGARY, Alberta - Freehold Royalties Ltd. (Freehold) (TSX:FRU) announces that it has closed its previously announced transaction to acquire a high-quality U.S. royalty asset located in the Eagle Ford oil basin in Texas (the Acquired Assets) for US$180 million before closing adjustments (CAD $227 million) (the U.S. Royalty Transaction). The Acquired Assets are expected to significantly enhance the quality of Freehold’s North American royalty portfolio, improving both the near-term and long-term [Read more]

Pipestone Energy Corp. announces appointment of new director, distribution of common shares by its largest shareholder Canadian Non-Operated Resources L.P. and updated investor rights arrangements

CALGARY, Alberta - Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to announce that Kim Anderson has been appointed to the Pipestone Energy Board of Directors (the “Pipestone Board”) effective September 24, 2021 and will also serve as a member of the Audit Committee. Ms. Anderson is currently the Chief Financial Officer of Heartland Generation, and prior to that was Chief Financial Officer of TSX-Listed Athabasca Oil Corporation. Ms. Anderson holds a Bachelor of Commerce [Read more]