BOE Report

TC Energy commences NAFTA claim following revocation of Keystone XL Presidential Permit

CALGARY, Alberta - News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced today it has filed a Notice of Intent to initiate a legacy North American Free Trade Agreement (NAFTA) claim under the United States-Mexico-Canada Agreement to recover economic damages resulting from the revocation of the Keystone XL Project’s Presidential Permit. TC Energy will be seeking to recover more than US$15 billion in damages that it has suffered as a result of the U.S. [Read more]

Pieridae evaluating Goldboro LNG strategic alternatives

CALGARY, Alberta - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) today released the following statement from Chief Executive Officer Alfred Sorensen with respect to a future path for the Company’s Goldboro LNG Project: ‘While Pieridae has made tremendous progress in advancing the Goldboro LNG Project, as of June 30, 2021, we have not been able to meet all of the key conditions necessary to make a final investment decision. Following consultation with our Board, we have made [Read more]

Razor Energy Corp. announces deferral of interest payment

CALGARY, Alberta - Razor Energy Corp. ("Razor" or the "Company") (TSXV: RZE) is announcing that it will be deferring the scheduled June 30, 2021 interest payment to the Alberta Investment Management Corporation (“AIMCo”) under the existing $50.1 million Term Loan Facility (the “Amended Term Loan Facility”). The interest will be capitalized, adding to the principal of the existing Amended Term Loan Facility. The Amended Term Loan Facility matures on January 31, 2024 and bears an interest rate [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 June 30, 2021 to July 14, 2021. Petrus has been advised that effective June 15, 2021, Macquarie Bank Limited has assigned the Company’s second lien term loan to a third party, Blue Oak Partners (Canada) Inc. Subsequent to such assignment, the new lender under the Company's second [Read more]

InPlay Oil Corp. announces renewal of credit facility

CALGARY, Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce that the annual renewal of its syndicated Senior Credit Facility by its lenders has been completed on a fully conforming basis. InPlay’s Senior Credit Facility has been reconfirmed at $65 million, comprised of a $55 million revolving credit facility and a $10 million operating line of credit, with the maturity date being extended to May 30, 2022. The Senior Credit Facility has been [Read more]

Prairie Provident reports on AGM voting results

CALGARY, Alberta - Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") announces the results of voting on matters submitted to shareholders at the Company's annual meeting held today. Election of Directors At the meeting, each of Patrick McDonald, Mimi Lai, Derek Petrie, Ajay Sabherwal and Rob Wonnacott was nominated for election as a director of the Company for the ensuing year. Each such nominee was elected by ordinary resolution, for a term of office ending at the [Read more]

Petrus Resources announces addition to Board of Directors

CALGARY, Alberta - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) announces that Mr. Peter Verburg has joined the Petrus Board as an independent director. Mr. Verburg previously served on the Company's board from 2010 to 2017. He is a Calgary businessman with extensive experience in the Canadian Energy sector, and has a diverse business background, with experience as a journalist, investment banker and entrepreneur. Most recently, Mr. Verburg is the founder and CEO of a [Read more]

Pipestone Energy Corp. reports voting results of annual shareholder meeting and issues inaugural ESG report

CALGARY, Alberta - Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to report the results of its annual shareholder meeting and announce the release of its inaugural Environment, Social and Governance (“ESG”) report. SHAREHOLDER MEETING RESULTS The Company held its 2021 annual and special meeting (the “Meeting”) of the shareholders of Pipestone Energy (the “Shareholders”) today at 9:00 a.m. (Calgary time) virtually. A total of 234,817,972 votes were cast, [Read more]

Cenovus releases 2020 environmental, social & governance data report

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has published its 2020 environmental, social & governance (ESG) data report, the first for the company following its combination with Husky Energy Inc. on January 1, 2021. This report is one of several important sustainability milestones for Cenovus this year and highlights the ESG metrics for each legacy company enabling investors, the financial community, and rating agencies to assess our ongoing performance. Following the [Read more]

Kiwetinohk Resources and Distinction Energy announce agreement to combine

CALGARY, Alberta - The Boards of Directors and the largest shareholders of each of Kiwetinohk Resources Corp. (“Kiwetinohk”) and Distinction Energy Corp. (“Distinction”) have agreed to combine the businesses of Kiwetinohk and Distinction under a plan of arrangement pursuant to applicable corporate law (the “Arrangement”). Through the Arrangement, Kiwetinohk will acquire all shares of Distinction that it does not already own (approximately 50%) by way of an exchange of 20 Kiwetinohk shares for [Read more]