BOE Report

Husky announces review of West White Rose project

Review will prioritize Husky’s balance sheet strength and financial resilience CALGARY, Alberta - Husky Energy (TSX:HSE) today announced a review of the West White Rose Project in the Atlantic region. The review follows the suspension of major construction activities in March due to the COVID-19 pandemic and the Company’s capital re-prioritization following the global economic downturn. “A full review of scope, schedule and cost of this project is critical, given the minimum one-year delay to [Read more]

Freehold Royalties Ltd. announces resignation of president and chief executive officer

CALGARY, Alberta, Sept. 08, 2020 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces that Thomas Mullane, President and Chief Executive Officer of the Company, has resigned effective as of today. David Spyker, Chief Operating Officer, has been appointed to the role of Interim President and Chief Executive Officer during the formal process of identifying a permanent Chief Executive Officer. Mr. Mullane joined Freehold in July 2012 and was appointed President [Read more]

Zargon Oil & Gas Ltd. announces notice of intention to make a proposal to its creditors

CALGARY, Alberta - Zargon Oil & Gas Ltd. (the "Company" or "Zargon") announces that its board of directors has authorized the Company to file a Notice of Intention to Make a Proposal ("Notice of Intention") to its creditors under the provisions of Part III, Division I of the Bankruptcy and Insolvency Act (Canada) (the "BIA"). Pursuant to the Notice of Intention, MNP Ltd. ("MNP") has been appointed as the trustee in the Company's proposal proceedings and will assist the Company in its [Read more]

Suncor Energy provides operational and 2020 guidance update

All financial figures are in Canadian dollars. CALGARY, Alberta - Following the August 14 incident at its Base Plant operations, in light of identified performance improvement opportunities at its Firebag operation, and bringing on the second train of production at Fort Hills, Suncor is today providing an operational update and revised 2020 guidance. On August 16, 2020, Suncor reported it had experienced a fire at the secondary extraction facilities of its Base Plant mine.  On August 29th, [Read more]

Birchcliff Energy Ltd. announces declaration of quarterly common share and preferred share dividends

CALGARY, Alberta, Sept. 01, 2020 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff”) (TSX: BIR) is pleased to announce that its board of directors has declared the following quarterly cash dividends for the quarter ending September 30, 2020: Shares TSX Stock Symbol Dividend per Share Common Shares BIR $0.005 Cumulative Redeemable Preferred Shares, Series A BIR.PR.A $0.523375 Cumulative Redeemable Preferred Shares, Series C BIR.PR.C $0.4375 The [Read more]

Cardinal Energy Ltd. announces extension of revolving credit facility

CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal") (TSX: CJ) has received approval to extend the revolving period applicable to the Company’s existing reserves-based credit facility to September 30, 2020. The credit facility continues to be available, on a revolving basis, until that date. In connection therewith, the date for the re-determination of the borrowing base has also been extended to September 30, 2020. About Cardinal Energy Ltd. One of Cardinal's goals is to continually improve [Read more]

Delphi Energy Corp. files second quarter 2020 results

CALGARY, Alberta - Delphi Energy Corp. (“Delphi” or the “Company”) announces that it has filed its interim financial statements and related management’s discussion and analysis for the three and six months ended June 30, 2020 with the Canadian securities regulatory authorities on SEDAR. About Delphi Energy Corp. Delphi Energy Corp. is an industry-leading producer of liquids-rich natural gas.  The Company has achieved top decile results through the development of our high quality Montney [Read more]

Painted Pony announces credit facility update

CALGARY, Alberta - Painted Pony Energy Ltd. ("Painted Pony" or the "Corporation") (TSX: PONY) today confirms the execution of an agreement (the “Extension Agreement”) with the Corporation’s syndicate of lenders to extend Painted Pony’s annual borrowing base redetermination date from August 31, 2020 to the earlier of either October 31, 2020 or the date on which the arrangement between Painted Pony and Canadian Natural Resources Limited (“CNRL”), pursuant to which CNRL has agreed to acquire all of [Read more]

Gibson Energy announces the addition of Ms. Peggy Montana to the company’s board of directors

CALGARY, Alberta - Gibson announced today that Ms. Peggy Montana will join the Company’s Board of Directors effective August 31, 2020. “We are very pleased to have Peggy Montana join Gibson’s Board of Directors,” said James Estey, Chairman of Gibson.  “Through her significant experience in various board and senior executive roles within the midstream and refined products sectors, predominantly at an international supermajor, Peggy brings a wealth of knowledge of global best practices in health, [Read more]

Pipestone Energy Corp. announces extension to the unplanned outage at the Keyera Wapiti Gas Plant

CALGARY, Alberta - (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) was notified by Keyera Corp. (“Keyera”) on August 27, 2020 that the issue relating to the Waste Heat Recovery System within the Keyera Wapiti Gas Plant (“Keyera Plant”) is more widespread than previously indicated. The total scope of the problem and root cause of the outage has yet to be determined.  As such the original estimate provided by Keyera to repair the plant and return to operations is no [Read more]