BOE Report

Questerre provides corporate update

CALGARY, Alberta, Dec. 19, 2018 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported on recent developments including the impact of a 325,000 barrel a day curtailment of oil production announced by the Government of Alberta. The curtailment does not apply to the Company’s condensate production in the province. Michael Binnion, President and Chief Executive Officer of Questerre, noted, ”We’re very pleased that the discount between condensate [Read more]

Pieridae Energy Limited: Private Placement

CALGARY, Alberta, Dec. 18, 2018 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae”) (PEA - TSXV) is pleased to announce that it has completed a non-brokered private placement with The Western and Southern Life Insurance Company (“WSLI”) and Electron Capital LLC (“Electron”), for proceeds of $8.0 million (the “Private Placement”). Pieridae intends to use the proceeds of the Private Placement to refinance certain amounts at closing of the arrangement with Ikkuma Resources Corp. (the [Read more]

Resolute Energy Corporation Declares Dividend on Preferred Stock

DENVER, Dec. 18, 2018 (GLOBE NEWSWIRE) -- Resolute Energy Corporation (NYSE: REN) today announced that its Board of Directors declared a cash dividend of $20.3125 per share on its 8⅛% Series B Cumulative Perpetual Convertible Preferred Stock, payable on January 15, 2019, to holders of record at the close of business on January 1, 2019.  The dividend is for the period beginning on October 16, 2018 and ending on January 15, 2019. About Resolute Energy Corporation Resolute is an independent oil [Read more]

Husky Energy Announces Regulatory Approvals For MEG Energy Acquisition

CALGARY, Alberta, Dec. 18, 2018 (GLOBE NEWSWIRE) -- Husky Energy (TSX:HSE) today announced it has met all regulatory requirements for its full and fair offer to acquire MEG Energy, including approval granted under the Investment Canada Act. “Receiving regulatory approvals is a significant step toward realizing this compelling opportunity,” said CEO Rob Peabody. “Our proposal offers an enhanced shareholder return proposition with much lower risk. Together, Husky and MEG will create a stronger, [Read more]

Cequence Energy Announces Confirmation of Its Credit Facility Borrowing Base, the Purchase of Its $60 Million Term Loan and Provides Operational Update

CALGARY, Alberta, Dec. 17, 2018 (GLOBE NEWSWIRE) -- Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce that its senior lender has completed a redetermination of the borrowing base under the Company’s senior secured credit facility (the “Credit Facility”), and has confirmed the borrowing base remains at $7 million. Other than outstanding letters of credit totalling approximately $1.5 million, the Company currently has no amounts drawn under the Credit [Read more]

Cardinal Energy Ltd. Receives TSX Approval for Normal Course Issuer Bid

CALGARY, Alberta, Dec. 17, 2018 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd.  ("Cardinal" or the "Company") (TSX: CJ) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted the notice of Cardinal's intention to commence a normal course issuer bid (the "NCIB"). The NCIB allows the Company to purchase up to $5 million aggregate principal amount of its 5.50% convertible unsecured subordinated debentures ("Convertible Debentures") (representing approximately 10% of its public [Read more]

Baytex Announces 2019 Budget

CALGARY, Alberta, Dec. 17, 2018 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (“Baytex”) (TSX, NYSE: BTE) announces that its Board of Directors has approved a 2019 capital budget of $550 to $650 million, which is designed to generate average annual production of 93,000 to 97,000 boe/d. Commenting on the announcement, Ed LaFehr, President and Chief Executive Officer, said: “As we enter 2019, our top priority is disciplined capital allocation across our strong portfolio of assets. We will focus [Read more]

TransGlobe Energy Corporation Announces a Q4 2018 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, Alberta, Dec. 17, 2018 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (AIM & TSX: “TGL” & NASDAQ: “TGA”) (“TransGlobe” or the “Company”) announces an interim fourth quarter update. All dollar values are expressed in US dollars unless otherwise [Read more]

Peyto Exploration & Development Corp. Confirms Dividends for January 15, 2019

CALGARY, Alberta, Dec. 14, 2018 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to December 2018 of $0.06 per common share is to be paid on January 15, 2019, for shareholders of record on December 31, 2018.  The ex-dividend date is December 28, 2018. Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes. Shareholders and interested investors are encouraged to [Read more]

Suncor Energy announces 2019 capital program and production outlook

CALGARY, Alberta, Dec. 14, 2018 (GLOBE NEWSWIRE) -- Suncor released its 2019 corporate guidance today which includes a capital program of between $4.9 and $5.6 billion and average upstream production of 780,000 to 820,000 barrels of oil equivalent per day (boe/d). The midpoints of these ranges represent a flat capital spend compared to 2018 and a year over year production increase of approximately 10%, including estimated mandatory production curtailments, from approximately 730,000 boe/d in [Read more]