BOE Report

Peyto posts strong Q1 2021 profits

CALGARY, Alberta - Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to present its operating and financial results for the first quarter of the 2021 fiscal year. A 67% Operating Margin (1) and a 22% Profit Margin (2) in the quarter delivered a 4% Return on Capital and a 4% Return on Equity, on a trailing twelve-month basis. Highlights for the quarter included: Production per share up 12%. First quarter 2021 production of 88,070 boe/d, comprised of 456 MMcf/d [Read more]

Birchcliff Energy Ltd. announces Q1 2021 financial and operational results and increases its 2021 production, adjusted funds flow and free funds flow guidance

CALGARY, Alberta - Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is proud to announce its strong financial and operational results for the three months ended March 31, 2021. Birchcliff is also pleased to announce that it is maintaining its 2021 F&D capital expenditures guidance and increasing its 2021 production, adjusted funds flow and free funds flow guidance. “Birchcliff had a strong first quarter in 2021, highlighted by excellent drilling results. The [Read more]

Pipestone Energy Corp. reports record first quarter 2021 results and provides an operations update

CALGARY, Alberta - (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to report its Q1 2021 financial and operational results, as well as provide an update on its operations. Pipestone continues to efficiently grow its highly economic condensate-rich Montney asset. The Company is well on track to deliver its 2021 production guidance of 24,000 to 26,000 boe/d. The increase in natural gas and condensate prices, coupled with improving capital efficiencies and strong [Read more]

Freehold Royalties Ltd. announces results from annual and special meeting of shareholders

CALGARY, Alberta - Freehold Royalties Ltd. (Freehold) announced today that all nominees listed in its notice of meeting and information circular dated March 22, 2021, were elected as directors of Freehold at its Annual and Special Meeting of Shareholders (the Meeting) held today. In addition, all other matters considered at the Meeting were approved by Freehold's Shareholders. The results of the votes on the director nominees are as follows: Nominee Votes For Votes [Read more]

Questerre reports first quarter 2021 results

CALGARY, Alberta, May 11, 2021 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the first quarter ended March 31, 2021. Michael Binnion, President and Chief Executive Officer, commented, “We started to add zero emissions hydrogen and carbon capture and storage to our Clean Tech Energy project in the quarter. We are also evaluating other carbon recycling technologies that use carbon dioxide [Read more]

Prairie Provident Resources Announces First Quarter 2021 Results and Successful First Half 2021 Drilling Program

CALGARY, Alberta, May 11, 2021 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") today announces our financial and operating results for the three months ended March 31, 2021. PPR’s unaudited condensed interim consolidated financial statements for the three months ended March 31, 2021 (“Interim Financial Statements”) and related Management’s Discussion and Analysis (“MD&A”) for the three months ended March 31, 2021 are available on our website [Read more]

NuVista Energy Ltd. Announces Positive First Quarter 2021 Financial and Operating Results

CALGARY, Alberta, May 11, 2021 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce financial and operating results for the three months ended March 31, 2021, and provide a number of updates which demonstrate continued successful advancement of our Pipestone and Wapiti Montney play development. This was a successful quarter for NuVista, with results that included the startup of the new Pipestone North compressor station facility ahead of schedule [Read more]

Freehold Royalties Ltd. announces first quarter 2021 results and increases dividend by 33%

CALGARY, Alberta - Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces first quarter results for the period ended March 31, 2021. OPERATING AND FINANCIAL HIGHLIGHTS Three Months Ended March 31 FINANCIAL ($000s, except as noted) 2021 2020 Change Royalty and other revenue 36,745 26,284 40 % Net income (loss) 5,635 (9,022 ) nm Per share, basic ($) (1) 0.04 (0.08 ) nm Cash flows from [Read more]

Crew Energy Inc. announces update on COVID-19 measures for its annual general and special meeting of shareholders and reaffirms board nominees

CALGARY, Alberta - Crew Energy Inc. ("Crew" or the "Company") (TSX: CR) has scheduled its Annual General and Special Meeting of Shareholders for 3:00 p.m. on Thursday, May 20, 2021 (the "Meeting"). Crew was hopeful that Alberta would be emerging from the COVID-19 pandemic which would allow for an in-person meeting of its shareholders. However, in light of the most recent and enhanced "stop the spike" COVID-19 restrictions announced by the Alberta Government, as well as the continued advice of [Read more]

Athabasca Oil Corporation announces further Hangingstone cost reductions

CALGARY, Alberta - Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to announce that it has executed an amending Hangingstone Transportation and Storage Services Agreement (“TSSA”) that resulted in a $44 million prepayment from restricted cash and a ~$5 million reduction to annual tolls. The amended TSSA reduces Hangingstone’s dilbit financial assurances by ~$44 million to ~$27 million. The reduction in financial assurances unlocked restricted cash on the Company’s [Read more]