BOE Report

TransGlobe Energy Corporation Announces an Operations Update

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 -  AIM & TSX: “TGL” & NASDAQ: “TGA” TransGlobe Energy Corporation (“TransGlobe” or the “Company”) announces a Q4 operations update. All dollar values are expressed in US dollars unless otherwise stated. UPDATES Production averaged ~15.3 [Read more]

Shareholders and Secured Debt Holders Approve Cona’s Acquisition of Pengrowth; Decision Received for Litigation Matter

CALGARY - Pengrowth Energy Corporation (“Pengrowth” or the “Company”) (TSX:PGF, OTCX:PGHEF) today announced the approval of its previously announced  acquisition by Cona Resources Ltd. (the “Purchaser”), a portfolio company of Waterous Energy Fund, by way of a plan of arrangement (the “Arrangement”) under the Business Corporations Act (Alberta), at its special meetings of shareholders and secured debt holders held earlier today. At the special meeting of the Company's shareholders, a total of [Read more]

Gibson Energy Announces One Million Barrel Expansion at Hardisty Terminal

All financial figures are in Canadian dollars unless noted otherwise CALGARY - Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today it has sanctioned the construction of one million barrels of new tankage at its Hardisty Terminal. “The sanction of two new tanks at the Top of the Hill will further increase our high-quality, long-term infrastructure revenues and drive continued distributable cash flow per share growth,” said Steve Spaulding, President and Chief Executive [Read more]

Husky Energy Reports Results of Series 3 Preferred Share Conversion

CALGARY, Alberta, Dec. 18, 2019 (GLOBE NEWSWIRE) -- Husky Energy announces that 71,606 Cumulative Redeemable Preferred Shares, Series 3 (Series 3 Shares) were tendered for conversion, which is less than the one million shares required to give effect to conversion into Cumulative Redeemable Preferred Shares, Series 4 (Series 4 Shares). As a result, none of the Series 3 Shares will be converted into Series 4 Shares on December 31, 2019. Investor and Media Inquiries:                          [Read more]

International Petroleum Corporation Announces Results of Share Repurchase Program

TORONTO - International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 679,612 IPC common shares (ISIN: CA46016U1084) during the week of December 9 to 13, 2019 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 Commission Delegated Regulation [Read more]

Questerre announces resignation of Mr. Sans Cartier from Board of Directors

CALGARY, Alberta, Dec. 13, 2019 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today that Mr. Sans Cartier has resigned from the Board of Questerre to pursue a new career opportunity. The Board of Directors would like to thank Mr. Sans Cartier for his valuable contribution over the past six years and wish him the best of luck with his future endeavors. Questerre Energy Corporation is an energy technology and innovation company. It is [Read more]

Peyto Exploration & Development Corp. Confirms Dividends for January 15, 2020 and Approves 2020 Capital Budget

CALGARY, Alberta, Dec. 13, 2019 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to December 2019 of $0.02 per common share is to be paid on January 15, 2020, for shareholders of record on December 31, 2019.  The ex-dividend date is December 30, 2019. Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes. Peyto has also finalized its 2020 budget and the Board [Read more]

Pipestone Energy Corp. Announces a $225 Million Syndicated Reserve Based Loan and Achievement of 2019 Exit Production Guidance

CALGARY - (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to announce that it has successfully re-financed its existing credit facilities with a $225 million Reserve Based Loan (“RBL”), which provides meaningful financial flexibility going forward. Additionally, the Company achieved its previously announced 2019 exit production guidance in November 2019, with average estimated sales production of ~15,700 boe/d (~44% liquids). Credit Facility [Read more]

Pieridae Updates 2020 Guidance

Projected 10 Times Increase in Net Operating Income Highlights: Net operating income (“NOI”)1 growth to $80-$110 million with recent acquisition synergies Production in 2020 of 40,000-50,000 boe/d, a 230% to 290% increase over Q3 exit production $10.50-11.50/boe operating costs2 $32 million pre-final investment decision (“FID”) capital budget, $16 million Goldboro LNG development expense budget Commodities hedging of 55-65% on a boe/d basis CALGARY, Alberta, Dec. 12, 2019 [Read more]

Husky Energy Announces Revised Series 3 Preferred Share Dividend Rate

CALGARY, Alberta, Dec. 11, 2019 (GLOBE NEWSWIRE) -- On December 2, 2019 Husky Energy (TSX:HSE) announced the fixed-rate quarterly dividend applicable to its Cumulative Redeemable Preferred Shares, Series 3 (Series 3 Shares) for the five-year period commencing December 31, 2019. The fixed-rate dividend for the Series 3 Shares announced on December 2, 2019 was calculated on November 29, 2019 as 4.636%, representing the sum of the Canadian Government five-year bond yield of 1.506% plus 3.13%. [Read more]