BOE Report

Transglobe Energy Corporation announces revised 2020 budget and guidance

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”) announces an amendment to its 2020 capital budget and guidance. 2020 Outlook The 2020 production outlook for the Company is provided as a [Read more]

Cequence energy announces fourth quarter financial results and 2019 reserves

CALGARY, Alberta - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce its operating and financial results for the three and twelve months ended December 31, 2019. The Company’s Management’s Discussion and Analysis (“MD&A”) and Consolidated Financial Statements are available at cequence-energy.com and on SEDAR at www.sedar.com. HIGHLIGHTS Production was 5,892 boe/d, 25% of which was comprised of crude oil and liquids for the three months ended [Read more]

Petrus Resources Announces Management Resignation

CALGARY, Alberta - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) announces that Ms. Cheree Stephenson has tendered her resignation as VP Finance and Chief Financial Officer to pursue other business opportunities. Ms. Stephenson has advised she will remain with the Company until mid April 2020 to allow Management and the Board of Directors to find a replacement for the position.  The Company intends to commence a search for a new Chief Financial Officer. As a founding member of [Read more]

Cenovus responds to low oil prices with reduced 2020 capital spending

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is reducing its 2020 capital spending by approximately 32% in order to maintain the strength of its balance sheet. Cenovus is also temporarily suspending its crude-by-rail program and deferring final investment decisions on major growth projects. These measures are being taken in response to the recent significant decline in world benchmark crude oil prices. The company continues to work toward funding its revised capital program and [Read more]

Baytex Energy Files 2019 Year-End Disclosure Documents

CALGARY, Alberta, March 09, 2020 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (“Baytex”) (TSX, NYSE: BTE) announces the filing of its Annual Information Form for the year ended December 31, 2019 (the “AIF”) with the Canadian securities regulatory authorities on the System for Electronic Analysis and Retrieval (“SEDAR”). In addition, Baytex has filed its Annual Report on Form 40-F for the year ended December 31, 2019, which includes the AIF, with the U.S. Securities and Exchange Commission on the [Read more]

International Petroleum Corp. Announces Completion of Acquisition of Light Oil Assets in Southern Alberta

International Petroleum Corp. ("IPC") (TSX, Nasdaq Stockholm: IPCO) is pleased to announce the closing of the previously announced acquisition of Granite Oil Corp. (“Granite”) (TSX:GXO; OTCQX:GXOCF) (the "Acquisition"). The Acquisition includes total proved plus probable ("2P") reserves of 14.0 million barrels of oil equivalent (MMboe) and 6.2 MMboe of unrisked contingent resources (best estimate) as at December 31, 2019. The Acquisition is comprised of high netback, light oil producing assets [Read more]

Canadian Natural Resources Limited Announces Quarterly Dividend

CALGARY, Alberta, March 05, 2020 (GLOBE NEWSWIRE) -- Canadian Natural Resources Limited announces its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.425 (forty-two and one half cents) per common share. The dividend will be payable April 1, 2020 to shareholders of record at the close of business on March 20, 2020. Canadian Natural is a senior oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the [Read more]

Canadian Natural Resources Limited Announces 2019 Fourth Quarter and Year End Results

CALGARY, Alberta - Commenting on the Company's 2019 results, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, "2019 marked the 30th anniversary of Canadian Natural as an Exploration and Production ("E&P") company. Over the past 3 decades, our unwavering focus on returns and free cash flow generating assets has driven significant growth and high returns for our shareholders. Today, we are set up better than ever with a large, diversified portfolio underpinned by long life low [Read more]

Peyto Posts 20th Straight Year of Profitability

CALGARY, Alberta - Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to report operating and financial results for the fourth quarter and 2019 fiscal year. A 66% operating margin1 and 27% profit margin2 was achieved in 2019, allowing Peyto to deliver a 4% return on capital employed (“ROCE”) and an 8% return on equity (“ROE”) in the year. PROFITABILITY = SUSTAINABILITY Free Cashflow – Generated $117 million in free cashflow in 2019 and continued to strengthen [Read more]

Headwater Exploration Inc. (formerly Corridor Resources Inc.) Announces Closing of Financing and Appointment of Former Raging River Management Team

CALGARY, Alberta, March 04, 2020 (GLOBE NEWSWIRE) -- Headwater Exploration Inc. (formerly Corridor Resources Inc.) ("Headwater" or the "Company") (CDH: TSX) is pleased to announce that it has completed its previously announced financing transactions for aggregate gross proceeds of $50.0 million, the appointment of a new management team (the "New Management Team") and the reconstitution of the board of directors of the Company (the "Board"). Private Placements The financing transactions [Read more]