BOE Report

Husky Energy Provides Series 7 Preferred Shares Conversion Privilege Notice, Series 7 and Series 8 Preferred Shares Dividend Rate Notice

CALGARY, Alberta - Husky Energy (TSX:HSE) is providing notice that the Company does not intend to exercise its right to redeem its Cumulative Redeemable Preferred Shares, Series 7 (Series 7 Shares) on June 30, 2020. As a result, subject to certain conditions, the holders of Series 7 Shares have the right to choose one of the following options with regard to their shares: retain any or all of their Series 7 Shares and continue to receive an annual fixed-rate dividend paid quarterly; or [Read more]

Pieridae graduates to the TSX

CALGARY, Alberta - Pieridae Energy Limited (Pieridae or the Company) (TSXV: PEA) is pleased to announce that its common shares have been approved for listing on the Toronto Stock Exchange (the "TSX") and are expected to commence trading on the TSX at the opening of the market on June 3, 2020. Concurrent with the TSX listing, the common shares of Pieridae are expected to be de-listed from the TSX Venture Exchange. Pieridae's trading symbol will remain "PEA". “This is a big step for our Company, [Read more]

Athabasca Oil Corporation announces renewal of its credit facility

CALGARY, Alberta - Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) announces that it has completed the annual review of its credit facilities. The Company’s banking syndicate has renewed the reserve-based facility until November 30, 2020. The credit facility has been reduced to $42 million which reflects the currently outstanding letters of credit for long term transportation commitments and is secured by the Company’s cash balances. The Company continues to pursue [Read more]

Cequence Energy announces that it is undertaking a strategic process and has entered a court supervised restructuring proceeding

CALGARY, Alberta - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) announces that it has commenced a strategic process to identify and pursue potential strategic options and alternatives to maximize the value for its stakeholders, which will be carried out under the Companies’ Creditors Arrangement Act (“CCAA”). The strategic process will explore a broad range of options and alternatives that may be available to the Company to address its liquidity challenges brought on by the [Read more]

InPlay Oil Corp. announces extension of annual borrowing base redetermination

CALGARY, Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces an extension of its annual borrowing base redetermination. InPlay and its banking syndicate have agreed to extend the date for completion of the annual borrowing base redetermination from May 31, 2020 to June 30, 2020.  This provides the Company and the banking syndicate additional time to assess current dynamic market conditions as well as the proposed federal support programs being initiated [Read more]

TransGlobe Energy Corporation announces director/PDMR shareholdings

AIM & TSX:  “TGL” & NASDAQ:  “TGA” CALGARY, Alberta, May 29, 2020 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (“TransGlobe” or the “Company”) announces that it was notified on May 26, 2020 that on the same day Edward LaFehr acquired common shares as follows: PDMR Date of Acquisition Number of Common Shares Acquired Price Number of Common Shares held following the transaction % of Company's issued share capital held Edward LaFehr May 26, 2020 5,000 Cdn [Read more]

Petrus Resources announces extension to credit agreement

CALGARY, Alberta - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX:  PRQ) announces its syndicate of lenders has extended the borrowing base termination date on its revolving credit facility agreement from May 31, 2020 to June 15, 2020. The Company continues to be in discussions with the bank syndicate on a one year extension to the credit facility, as well as with its term loan provider on a one year extension to the term loan.  While discussions are ongoing, there is no certainty, nor [Read more]

Razor Energy Corp. announces first quarter 2020 results

CALGARY, Alberta - Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) announces its first 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 March 31, 2020 which are available on SEDAR at www.sedar.com and the Company’s website. Q1 2020 [Read more]

Pieridae announces first quarter results

Solid Financial Returns for a Second Straight Quarter Highlights: Revenue of $74.0 million in Q1 2020, an increase of $51.0 million or 222% compared to Q1 2019 Petroleum and natural gas revenue increased by $41.4 million or 178% compared to Q1 2019 Net operating income1 (“NOI”) increased by $14.1 million or 273% compared to Q1 2019 Adjusted Funds Flow From Operations1 (“AFFO”) increased by $12.0 million or 1,845% compared to Q1 2019, and cashflow from operations improved from a [Read more]

Pieridae announces the results of its annual and special shareholder meeting

CALGARY, Alberta - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA - TSXV) today announced the re-election of Mr. Myron A. Tétreault, Mr. Alfred Sorensen, Mr. Charles Boulanger, Mr. Andrew Judson, Mr. Kjell Pedersen, Mr. Charle Gamba and Mr. Mark Horrox as its directors for the forthcoming year, and the election of Ms. Kiren Singh as a new independent director. Kiren Singh Ms. Singh is a financial executive and corporate director. She served as Chief Financial Officer, Vice [Read more]