BOE Report

Questerre closes acquisition of Quebec assets

CALGARY, Alberta, Jan. 22, 2020 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today that it has received all approvals and has closed the acquisition of assets in Quebec pursuant to the purchase and sale agreement with a senior exploration and production company (the “Agreement”) as set out in the Company’s press release dated March 7, 2019. Michael Binnion, President and Chief Executive Officer of Questerre, commented “With the [Read more]

PrairieSky Royalty Announces Conference Call for 2019 Annual Results

CALGARY, Alberta, Jan. 21, 2020 (GLOBE NEWSWIRE) -- PrairieSky will release its annual and Q4 2019 results on Monday, February 10, 2020 after markets close.  The news release detailing PrairieSky’s Annual and Q4 2019 results will provide operating and financial information.  Financial statements, management’s discussion and analysis and the annual information form will be available on PrairieSky’s website at www.prairiesky.com and on SEDAR at www.sedar.com. A conference call to discuss the [Read more]

InPlay Oil Corp. Provides Operations Update and Announces 2020 Capital Budget

CALGARY, Alberta, Jan. 21, 2020 (GLOBE NEWSWIRE) -- InPlay Oil Corp.  (“InPlay” or the “Company”) is pleased to announce that its Board of Directors has approved a $35 million Exploration and Development capital program for 2020. InPlay delivered another year of exceptional operational results while successfully responding to significant challenges facing the industry. The Company continued to leverage its proven track-record of drilling proficiency and operational expertise to set industry [Read more]

Baytex Announces Proposed US$500 Million Private Placement Offering of Senior Notes

CALGARY, Alberta, Jan. 21, 2020 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (“Baytex”) (TSX, NYSE: BTE) announced today that it intends to offer US$500 million aggregate principal amount of senior unsecured notes due 2027 (the "Notes") in a private placement offering (the “Offering”), subject to market and other conditions. The Notes will pay interest semi-annually in arrears. The final terms of the Notes will be determined at the time of pricing of the Notes. Baytex intends to use the net proceeds [Read more]

Baytex Announces 2019 Year End Reserves and Preliminary Financial and Operating Results

CALGARY - Baytex Energy Corp. ("Baytex")(TSX, NYSE: BTE) announces its year-end 2019 reserves and 2019 fourth quarter and year-end preliminary unaudited financial and operating results (all amounts are in Canadian dollars unless otherwise noted). “Our production in 2019 exceeded the high end of our annual guidance with outstanding capital efficiencies in our development program. As a result, we generated $329 million of free cash flow and a 17% reduction in net debt. Each of our core properties [Read more]

Pipestone Energy Corp. Announces Unplanned Outage at the Keyera Wapiti Gas Plant

CALGARY, Alberta, Jan. 20, 2020 (GLOBE NEWSWIRE) -- (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) was notified by Keyera Corp. (“Keyera”) on January 17, 2020 of an electrical failure within the Keyera Wapiti Gas Plant (“Keyera Plant”). This failure has resulted in an unplanned outage. Keyera expects it to be repaired and resume operations of the Keyera Plant within approximately two weeks. Based on the expected outage duration, the Company is reaffirming its 2020 [Read more]

International Petroleum Corporation Announces Results of Share Repurchase Program

TORONTO, Jan. 20, 2020 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 671,636 IPC common shares (ISIN: CA46016U1084) during the week of January 13 to 17, 2020 under the previously announced share repurchase program. The share repurchase program, announced by IPC on November 7, 2019, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and [Read more]

Granite Oil Corp. Announces 2019 Year End Reserve Metrics

CALGARY - GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to present the summary results of the independent reserves report (the “Sproule Report”) prepared by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2019. In 2019, Granite invested approximately $6.4 million of capital expenditures (unaudited) into its 100%-owned Bakken oil property, representing approximately 45% of its Corporate funds from operations (unaudited), and [Read more]

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

International Petroleum Corp. (“IPC”) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that it has entered into an agreement to acquire Granite Oil Corp. (“Granite”) (TSX: GXO) for total equity and debt consideration of approximately USD 59 million (CAD 77.2 million) (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. [Read more]

Pipestone Energy Corp. Provides Its 2020 Capital Budget and Guidance, an Operations Update and Announces the Exercise of an Option to Expand the 8-15 Compression Station

CALGARY - (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to provide an update to our operations as well as the release of our 2020 guidance and development plan. “I am very pleased to announce that Pipestone Energy produced approximately 17,700 boe/d during December 2019, well in excess of the top-end of our 2019 exit guidance. Well performance has been strong and in-line with our type curve expectations. Our 2020 capital program is 85% weighted to [Read more]