BOE Report

Zargon Oil & Gas Ltd. provides 2019 fourth quarter and full year financial results

CALGARY, Alberta, March 13, 2020 (GLOBE NEWSWIRE) -- Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) (TSX:ZAR) has released its 2019 fourth quarter and full year financial results. Highlights from the fourth quarter and year ended Dec. 31, 2019 are provided below: HIGHLIGHTS FROM THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2019 For calendar 2019, funds flow was $6.15 million ($0.28 per basic share) compared to funds flow from operating activities of a negative $0.54 million (a [Read more]

PEYTO EXPLORATION & DEVELOPMENT CORP. CONFIRMS DIVIDENDS FOR APRIL 15, 2020

CALGARY, Alberta, March 13, 2020 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to March 2020 of $0.02 per common share is to be paid on April 15, 2020, for shareholders of record on March 31, 2020.  The ex-dividend date is March 30, 2020. Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes. Shareholders and interested investors are encouraged to visit the Peyto [Read more]

Toscana Energy Announces 2019 Reserves

CALGARY, Alberta - Toscana Energy Income Corporation ("TEI" or the "Corporation") (TSX: TEI) announces the Corporation’s 2019 year-end reserves. 2019 Reserves Highlights Proved Developed Producing reserves represent 60% of Proved Reserves. Proved reserves represent 75% of Proved plus Probable Reserves. Corporate Reserves: The reserves data set forth below is based upon independent reserve assessments and evaluations prepared by Sproule Associates Limited (“Sproule”) dated February [Read more]

Husky Energy Cuts 2020 Spending By $1 Billion

This news release contains references to the non-GAAP financial measure “debt to capital”. Please refer to “Non-GAAP Measures” at the end of this news release. CALGARY, Alberta - Husky Energy is taking a series of actions to fortify its business in response to challenging global market conditions. These initiatives reflect the Company’s commitment to capital discipline, which includes maintaining the strength of its balance sheet while protecting value in an extended low commodity price [Read more]

TC Energy signs letter of intent to acquire Pioneer Pipeline

CALGARY, Alberta - Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) today announced that its wholly owned subsidiary, NOVA Gas Transmission Ltd. (NGTL), has executed an exclusive letter of intent with Tidewater Midstream and Infrastructure Inc. and TransAlta Corporation to purchase the Pioneer Pipeline for $255 million. The Pioneer Pipeline consists of 131 km of operating pipeline that, upon closing of the transaction, will be integrated into the NGTL System. The pipeline [Read more]

Pipestone energy corp. announces an operations update and a 60% reduction to 2020 capital guidance accompanied by a <10% reduction to 2020 production guidance to 17,000 - 18,000 boe/d

CALGARY, Alberta - (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) announces reduced guidance in response to current commodity prices, an update on capital efficiencies achieved and encouraging early production results from its 6-24 pad. A conference call is scheduled for Thursday, March 12 at 9:00 a.m. Mountain Daylight Time (11:00 a.m. Eastern Daylight Time) for interested investors, analysts, brokers and media representatives. “As a company, Pipestone Energy has [Read more]

Delphi Energy Corp. Reports 2019 Year End Results

CALGARY, Alberta - Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce its financial and operational results and reserves for the year ended December 31, 2019. 2019 HIGHLIGHTS During 2019, the Company incurred $26.8 million in capital expenditures while generating $52.6 million of adjusted funds flow; Reduced bank debt plus adjusted working capital deficit by $41.1 million, or 44 percent, from the first quarter of 2019. Net bank debt as at December 31, 2019 was [Read more]

Transglobe Energy Corporation announces year end 2019 financial and operating results

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”) (AIM & TSX: “TGL” & NASDAQ: “TGA”) is pleased to announce its financial and operating results for the three months and year ended December 31, 2019.  All dollar values are [Read more]

Painted Pony Announces Fourth Quarter and Full Year 2019 Financial and Operating Results, 2019 Year-End Reserves, and Improved Cost Structures

CALGARY, Alberta - Painted Pony Energy Ltd. (“Painted Pony” or the “Corporation”) (TSX: PONY) is pleased to announce fourth quarter and full-year 2019 financial and operating results, year-end 2019 reserves, 2020 first-half capital spending, and anticipated future reductions to transportation, processing, and general and administrative expenses ("G&A"). HIGHLIGHTS Reduced bank debt at 2019 year end by 26% or $43 million to $120 million when compared to 2018 year-end bank debt of  [Read more]

Birchcliff Energy Ltd. Announces Filing Its 2019 Year-End Audited Financial Statements and Disclosure Documents and Reduced Capital Spending

CALGARY, Alberta - Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that it has filed its audited annual financial statements and related management’s discussion and analysis (the “MD&A”) and its annual information form (the “AIF”) for the financial year ended December 31, 2019 (collectively, the “Annual Filings”) on the System for Electronic Document Analysis and Retrieval (“SEDAR”). The audited annual financial statements are consistent with the [Read more]