BOE Report

Leucrotta Exploration announces completion of its $33 million bought deal financing

CALGARY, Alberta - Leucrotta Exploration Inc. (the "Company" or "Leucrotta") (TSX-V: LXE) is pleased to announce that, further to its press releases dated March 15, 2021 and March 16, 2021, it has closed its previously announced upsized bought-deal financing (the "Bought-Deal Financing") of 41,096,000 units of the Company (the "Units") at a price of C$0.73 per Unit (the "Issue Price") for gross proceeds to the Company of C$30,000,080. In addition, the syndicate of underwriters, co-led by Haywood [Read more]

Gibson Energy announces long-term agreement at its Edmonton terminal and the related sanction of a biofuels blending project

CALGARY, Alberta - Gibson Energy Inc. announced today it has entered into a long-term agreement with Suncor Energy Inc. (“Suncor”) for services at the Company’s Edmonton Terminal and the related sanction of an expansion to support the blending and loading of third-party biofuels for Suncor (the “Biofuels Blending Project”). “We are very pleased to announce a long-term agreement with Suncor, a respected senior Canadian integrated customer, at our Edmonton Terminal,” said Steve Spaulding, [Read more]

Prairie Provident announces leadership change

CALGARY, Alberta - Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") (TSX: PPR) announces today that Tony van Winkoop, who currently serves as Chief Executive Officer and a director, has elected to retire from the Company effective May 1, 2021. Mimi Lai, Chief Financial Officer of Prairie Provident and its predecessor since January 2015, has been appointed Interim Chief Executive Officer by the Company's board of directors. "The shareholders, employees and directors very [Read more]

Prairie Provident Resources announces fourth quarter and year-end 2020 financial and operating results

CALGARY, Alberta - Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") is pleased to announce our operating and financial results for the three months and year ended December 31, 2020. PPR’s audited consolidated financial statements and related Management’s Discussion and Analysis (“MD&A”) for the three months and year ended December 31, 2020 and annual information form dated March 25, 2021 (“AIF”) are available on our website at www.ppr.ca and filed on [Read more]

Pieridae releases Q4 and 2020 results

Key Highlights: Production increased year over year from 22,397 barrels of oil equivalent per day (“boe/d”) in 2019 to 42,000 boe/d in 2020, an increase of 88% The Company managed to replace almost half of its production in 2020 while spending minimal capital The proved developed producing (“PDP”) base decline rate of the corporation is now at ~ 10% (based on 2021 PDP forecasts), one of the lowest in the industry This decline rate will provide a very reliable base production from [Read more]

TransGlobe Energy Corporation announces an operations update

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”) announces an operations update. All dollar values are expressed in US dollars unless otherwise stated. OPERATIONS UPDATE Arab Republic of Egypt Western Desert – South [Read more]

Equinor annual and sustainability reports for 2020

Today 19 March Equinor ASA (OSE: EQNR, NYSE: EQNR) presents its 2020 annual report and form 20-F, and its 2020 Sustainability report. “2020 was an extraordinary year with the pandemic causing human suffering and market turmoil. I am impressed by our employees’ hard work during this year, to keep people safe and operations running. We delivered solid operational performance during this demanding year, but our results were heavily impacted by the low prices for oil and gas,” says Anders Opedal, [Read more]

Suncor Energy invests in carbon capture technology company Svante

VANCOUVER, British Columbia and CALGARY, Alberta - Suncor and Svante Inc. today announced an equity financing agreement which provides Svante with the additional growth capital to accelerate the commercialization of Svante’s novel second-generation CO2 capture technology in North America for the decarbonization of industrial emissions and hydrogen production. Combined, Suncor and a number of family office investors have invested $25 million USD of equity financing, bringing the total proceeds [Read more]

Cenovus reports results of Series 1 and Series 2 First Preferred Shares conversion

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announces 274,160 of its 10,435,932 Cumulative Redeemable First Preferred Shares, Series 1 (Series 1 Shares) have been tendered for conversion on March 31, 2021, on a one-for-one basis, into Cumulative Redeemable First Preferred Shares, Series 2 (Series 2 Shares) and 577,882 of its 1,564,068 Series 2 Shares have been tendered for conversion, on a one-for-one basis, into Series 1 Shares. As of March 31, 2021 Cenovus will have [Read more]

Distinction Energy Corp. files year end 2020 results

CALGARY, Alberta - Distinction Energy Corp. (“Distinction” or the “Company”) announces that it has filed its annual financial statements and related management’s discussion and analysis for the three and twelve months ended December 31, 2020 with the Canadian securities regulatory authorities on SEDAR. About Distinction Energy Corp. Distinction Energy Corp. is an industry-leading producer of liquids-rich natural gas.  The Company has achieved top decile results through the development of [Read more]