BOE Report

Cardinal Energy Ltd. Announces Budget Update and Increase to Monthly Dividend

CALGARY, Alberta, April 12, 2019 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) is pleased to announce that with improved commodity pricing and the security of its oil hedging position that it is increasing its 2019 budget guidance and dividend rate. Budget Update: Using an average oil price of $57.50 WTI and a WCS differential of US $15.50 for the balance of 2019 we are now forecasting an increase of approximately 20% in adjusted funds flow to $110 to [Read more]

Traverse Energy Announces 2018 Year End Results and Reserves

CALGARY, Alberta, April 09, 2019 (GLOBE NEWSWIRE) -- Traverse Energy Ltd. (“Traverse” or “the Company”) (TSX Venture: TVL) presents financial and operating results for the three months and years ended December 31, 2018 and 2017 and provides 2018 year end reserves information evaluated by Sproule Associates Limited (“Sproule”).   Three Months Ended December 31 (unaudited) Year Ended December 31 Highlights 2018 2017 2018 2017 Financial ($ thousands, except per [Read more]

Prairie Provident Announces Confirmation of Revolving Facility Borrowing Base and Amendments to Financial Covenants

CALGARY, Alberta, April 10, 2019 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") is pleased to announce the confirmation of its US$60 million borrowing base under the Company’s senior secured revolving facility (the “Revolving Facility”). PPR has also finalized terms of amending agreements with Prudential Capital Group (“Prudential”) respecting its Revolving Facility and senior subordinated notes (the “Senior Notes”), which relax certain [Read more]

Questerre engages financial advisor for Quebec strategic advisors

CALGARY, Alberta, April 08, 2019 (GLOBE NEWSWIRE) --  Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported that it has engaged Industrial Alliance Securities Inc. (“iA Securities”), a leading Quebec-based investment firm to provide advisory services with respect to finding Quebec-based strategic investors for its clean tech energy project. The clean tech energy project seeks to develop the Company’s multi-Tcf natural gas discovery in the province of Quebec using [Read more]

Marksmen Announces Granting of Stock Options

CALGARY, Alberta, April 04, 2019 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (“Marksmen” or the “Company”) (TSX Venture: MAH) (OTCQB: MKSEF) announces the granting of stock options to purchase 1,030,000 common shares of the Company to directors, officers, employees and consultants subject to regulatory and TSX Venture Exchange approval. The options were issued with an exercise price of $0.10 per share, vest as to one-third (1/3) immediately and one-third (1/3) on each of the first and second [Read more]

Tanager Energy Changes Name to Paleo Resources

CALGARY, Alberta, April 04, 2019 (GLOBE NEWSWIRE) -- Tanager Energy Inc. (“Tanager” or the “Corporation”) (TSX-V: TAN, OTCQB: TANEF) announces that the Corporation will change its name to “Paleo Resources, Inc.” effective April 10, 2019. The common shares of the Corporation will commence trading under the new name on the TSX Venture Exchange with the new trading symbol “PRE” at market open on Wednesday, April 10, 2019. There is no consolidation or change in the share capital. Common share [Read more]

Peyto Exploration & Development Corp. Announces Amendments to Standard By-Laws Including Adoption of Advance Notice Provisions

CALGARY, Alberta, April 02, 2019 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto" or the "Company") is pleased to announce that the board of directors (the "Board") of Peyto has approved amendments to the Company's standard by-laws (the "Amended By-laws").  The amendments include certain housekeeping amendments to update the by-laws to current standards being: (i) the increase of quorum requirements for shareholder meetings to a quorum for shareholder meetings to [Read more]

Gibson Energy Announces the Sale of Canadian Truck Transportation for Aggregate Proceeds of Approximately $100 Million, Completing Its Non-Core Divestitures, and Receipt of Investment Grade Credit Rating

All financial figures are in Canadian dollars unless noted otherwise CALGARY, Alberta, April 02, 2019 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today the sale of its Canadian Truck Transportation business for aggregate proceeds of approximately $100 million prior to closing adjustments and contingent bonus payments to Gibson.  With the sale of the Canadian Truck Transportation business, Gibson has successfully completed all of the non-core [Read more]

Pieridae Achieves Major Step Forward – Engages EPC Contractor KBR

CALGARY, Alberta, April 01, 2019 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (Pieridae) (TSXV: PEA) is pleased to announce that the respected global engineering firm of Kellogg Brown & Root Limited (KBR) has been engaged to perform a review of an amended version of the previously prepared front-end engineering and design (FEED) study for the proposed Goldboro LNG facility. KBR will also conduct an open-book estimate necessary for entering into a lump sum turnkey engineering, procurement and [Read more]

President Trump affirms support for Keystone XL project

WASHINGTON, March 29, 2019 (GLOBE NEWSWIRE) -- TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today thanked President Donald Trump for affirming his support for the Keystone XL pipeline project by issuing a new Presidential Permit. The president’s action today clarifies the national importance of Keystone XL and aims to bring more than 10 years of environmental review to closure. “President Trump has been clear that he wants to create jobs and advance U.S. energy security and the [Read more]