BOE Report

Delphi Energy Corp. Granted extension of stay period to May 8, 2020 and provides update on continuous disclosure filings

CALGARY, Alberta - Delphi Energy Corp. (“Delphi” or the “Company”) announces that Delphi has obtained an order from the Court of Queen’s Bench of Alberta (the “Court”) today in support of its restructuring efforts under the Companies’ Creditors Arrangement Act (the “CCAA”). This order amended and restated the initial order of the Court to, among other things, extend the stay period provided by the initial order to May 8, 2020. Update on Continuous Disclosure Filings and Annual General [Read more]

Bellatrix announces filing of year end 2019 financial and operating results and timing of release of annual reserves disclosure

CALGARY, Alberta - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") announces that it has filed its annual audited financial statements and related management’s discussion and analysis for the year ended December 31, 2019 with the Canadian securities regulatory authorities on SEDAR. In addition, Bellatrix announces the results of its year end independent evaluation of its reserves. InSite Petroleum Consultants Ltd. ("InSite") independently evaluated the reserves associated with 100% of [Read more]

TC Energy reaches five-year revenue requirement settlement with NGTL System customers

CALGARY, Alberta – News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) announced today that its wholly-owned subsidiary, NOVA Gas Transmission Ltd. (NGTL), has reached a five-year negotiated revenue requirement settlement with its customers and other interested parties that extends from 2020 to 2024. “This settlement is the result of a collaborative engagement with our customers and is responsive to the needs of both the industry and our business,” said Russ Girling, TC Energy [Read more]

InPlay Oil Corp. provides corporate update

CALGARY Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) provides an operations and corporate update in response to the COVID-19 pandemic. The COVID–19 pandemic has led to an unprecedented decrease in oil prices as a result of world oil demand destruction. Accordingly, InPlay has acted prudently in March and April in order to stabilize our financial position and to preserve the value of our crude oil reserves for an eventual price recovery. As previously [Read more]

Bellatrix announces sale transaction in connection with its strategic process

CALGARY, Alberta - Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) announces a sale transaction (the “Transaction”) pursuant to which Return Energy Inc. (to be renamed Spartan Delta Corp.), through its wholly-owned subsidiary, Winslow Resources Inc. (the “Purchaser”), will acquire substantially all of the assets of Bellatrix for cash consideration of $87.4 million plus the assumption of certain liabilities at closing. The Transaction remains subject to the approval of the Court of [Read more]

Return Energy Inc. (to be renamed Spartan Delta Corp.) announces strategic asset acquisition in west-central Alberta, $100 million credit facility and $20 million equity financing

CALGARY, Alberta - Return Energy Inc. d.b.a. Spartan Delta Corp. (“Spartan” or the “Company”) (RTN: TSXV) is pleased to announce that it has entered into an asset purchase agreement (the “APA”) with Bellatrix Exploration Ltd. (“Bellatrix”) to acquire substantially all of Bellatrix’s assets (the “Assets”) for cash consideration of $87.4 million plus the assumption of certain liabilities estimated to be approximately $14.8 million, for a total purchase price of $102.2 million (the “Acquisition”). [Read more]

Transglobe Energy Corporation receives Nasdaq letter regarding non-compliance with minimum bid price requirement

CALGARY, Alberta - TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (AIM & TSX: “TGL” & NASDAQ: “TGA”) was notified on April 20, 2020 by the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) that the closing bid price of the Company’s common stock for the last 30 consecutive business days from March 6, 2020 to April 17, 2020 did not meet the minimum bid price of $1.00 per share as set forth in Nasdaq Listing Rule 5450(a)(1) required for continued [Read more]

Cenovus to hold conference call and webcast on first-quarter results

Annual Meeting of Shareholders to take place via webcast CALGARY, Alberta, April 22, 2020 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) will release its first-quarter results on Wednesday, April 29, 2020. The news release will provide consolidated first-quarter operating and financial information. Financial statements will be available on Cenovus’s website, cenovus.com. A conference call and webcast to discuss the results will be held for the investment community at 9 a.m. [Read more]

Prairie Provident Provides an Update on Lending Facility

CALGARY, Alberta - Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") (TSX:PPR) announces that, in light of the pronounced uncertainties affecting the oil and gas industry, with the COVID-19 pandemic continuing to drive a significant falloff in global energy consumption and deeply depressed oil prices, the Company has engaged with its lenders to agree to interim measures for near-term objectives. The Company suspended its capital program in response to the current economic [Read more]

PrairieSky Announces Results of the Annual Meeting of Shareholders and Election of Directors

CALGARY, Alberta - PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce that its shareholders approved all resolutions at the annual meeting of shareholders of the Company held on April 21, 2020 (the "Meeting") in Calgary, Alberta. The resolutions approved at the Meeting were as follows: The resolution to appoint the eight (8) nominees as directors of the Company to serve until the next annual meeting of shareholders of the Company, or until their successors [Read more]