BOE Report

Razor Energy Corp. announces second quarter 2020 results

CALGARY, Alberta - Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) announces its second quarter 2020 financial and operating results. Selected financial and operational information is outlined below and should be read in conjunction with Razor’s unaudited condensed consolidated interim financial statements and management’s discussion and analysis for the quarter ended June 30, 2020 which are available on SEDAR at www.sedar.com and the Company’s website www.razor-energy.com. Q2 2020 [Read more]

Gibson Energy announces normal course issuer bid

CALGARY, Alberta - Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today the initiation of a Normal Course Issuer Bid (“NCIB”). Gibson’s Board of Directors has approved a NCIB, and the Toronto Stock Exchange (the “TSX”) has accepted Gibson’s Notice of Intention to Make a NCIB, enabling the Company to purchase and cancel up to 10%, or 11,765,180, of the public float for the issued and outstanding common shares as of August 24, 2020 over the next 12 months commencing August [Read more]

Gibson Energy Announces Its Inaugural Submission to CDP and the Creation of Its Sustainability and ESG Board Committee

CALGARY, Alberta, Aug. 26, 2020 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today the submission of its inaugural climate change questionnaire to CDP (formerly Carbon Disclosure Project) and the creation of its Sustainability and ESG Board Committee. Submission to CDP To provide increased transparency for the Company’s stakeholders regarding its environmental and climate-related performance, Gibson has submitted its inaugural climate change [Read more]

Pieridae hires experienced SVP to lead its Goldboro LNG project

CALGARY, Alberta - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) is pleased to announce it has engaged veteran LNG industry professional Andy Mukherjee P.Eng. as Senior Vice-President LNG to lead the development of its multi-billion-dollar Goldboro LNG Project. Mr. Mukherjee has worldwide expertise in front-end engineering and design; detailed engineering, procurement, contracts, construction, and commissioning (“EPCC”); including module fabrication and construction related to [Read more]

Pipestone Energy Corp. announces 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 17, 2020 of an issue relating to the Waste Heat Recovery System within the Keyera Wapiti Gas Plant (“Keyera Plant”). This failure has resulted in an unplanned outage. After performing an inspection of the affected equipment, Keyera expects the repairs to be completed and the Keyera Plant to resume operations by the end of next week. During this outage, [Read more]

Cequence Energy announces proposed plan of compromise and arrangement and meeting of creditors

CALGARY, Alberta - Cequence Energy Ltd. (“Cequence” or “the Company“) announces a recapitalization transaction (the “Restructuring Transaction”), to be implemented as a plan of compromise and arrangement (the “Plan”) under the Companies’ Creditors Arrangement Act (“CCAA”) that will allow Cequence to reduce its debt and interest costs and improve liquidity to fund future operations. In connection with the Plan, Cequence has entered into a restructuring support agreement (the “Support Agreement”) [Read more]

Pipestone Energy Corp. Reports Mailing of Circular and RSU Awards

CALGARY, Alberta, Aug. 21, 2020 (GLOBE NEWSWIRE) -- (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) announces that the management information circular of the Company (the “Information Circular”) relating to the annual and special meeting (the “Meeting”) of the shareholders of Pipestone Energy (the “Shareholders”) which has been prepared by the management of the Corporation in connection with the solicitation of proxies to be voted at the Meeting to be held at 2:30 [Read more]

International Petroleum Corp. senior management change

International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that William Lundin has been appointed as Chief Operating Officer of IPC, effective as of December 1, 2020. Mike Nicholson, Chief Executive Officer of IPC comments: “William has worked in the engineering and production operations departments at IPC in Canada and prior to that, worked for BlackPearl Resources Inc. which was acquired by IPC in December 2018. He has developed a deep understanding of [Read more]

Suncor provides update on Base Plant mining operations

CALGARY, Alberta - Suncor today provided an update on the Base Plant mining operations following an incident which occurred on August 14, 2020. At approximately 7 p.m. MT on August 14, a fire occurred in the secondary extraction area of the Base Plant mining operations impacting mined bitumen production. The fire was contained quickly and extinguished some hours later. All personnel in the immediate and surrounding areas were safely evacuated and there were no injuries. The appropriate [Read more]

InPlay Oil Corp. announces BDC term facility and provides second quarter 2020 financial and operating results

CALGARY, Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce that it has entered into a non-binding term sheet (the “BDC Term Sheet”) with the Business Development Bank of Canada (“BDC”), in partnership with our syndicate of lenders, for a non-revolving term facility of up to $25 million with a four year term. The Company is also announcing its financial and operating results for the second quarter. InPlay’s condensed unaudited interim [Read more]