BOE Report

Shell plc filed Form 20-F with SEC

Shell plc filed Form 20-F with SEC 09 March 2023 Shell plc filed its Form 20-F for the year ended December 31, 2022, (“2022 Form 20-F”), with the US Securities and Exchange Commission on March 9, 2023. The 2022 Form 20-F can be downloaded from www.shell.com/investors/financial-reporting/sec-filings or www.sec.gov. Shell plc also published its Annual Report and Accounts for the year ended December 31, 2022, (“2022 Annual Report and Accounts”) on March 9, 2023. The 2022 Annual [Read more]

Peyto reports record profit and cash flow in 2022

CALGARY, Alberta, March 08, 2023 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. ("Peyto" or the "Company") is pleased to report operating and financial results for the fourth quarter and 2022 fiscal year. Peyto solidified the sustainability of its dividend through reserves, production, and cash flow growth while continuing to reduce debt. Full Year and Q4 2022 Highlights: Strong 2022 financial metrics – Annual operating margin1,2 of 70%, combined with an annual profit [Read more]

Crew Energy announces fourth quarter and full year 2022 results highlighted by record production, adjusted funds flow and net income

CALGARY, Alberta, March 08, 2023 (GLOBE NEWSWIRE) -- Crew Energy Inc. (TSX: CR; OTCQB: CWEGF) (“Crew” or the “Company”), a growth-oriented, liquids rich natural gas producer operating in the world-class Montney play in northeast British Columbia (“NE BC”), is pleased to announce our operating and financial results for the three and twelve-month periods ended December 31, 2022. Crew’s audited consolidated Financial Statements and Notes, as well as Management’s Discussion and Analysis (“MD&A”) [Read more]

Pipestone Energy Corp. announces fourth quarter and full year 2022 financial and operational results as well as an update on shareholder returns and 2023 guidance

CALGARY, Alberta - (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to report its fourth quarter and full year 2022 financial and operation results. FOURTH QUARTER 2022 CORPORATE HIGHLIGHTS In Q4 2022, Pipestone achieved record average quarterly production totaling 33,816 boe/d (30% condensate and crude oil, 42% total liquids), representing a 5% quarterly increase over Q3 2022, and a 18% increase over Q4 2021. The Company’s average annual production for 2022 [Read more]

NuVista Energy Ltd. announces record year end 2022 reserves, financial and operating results

CALGARY, Alberta - NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce record-setting reserves, financial and operating results for the three months and year ended December 31, 2022, and to provide an update on a number of key strategic initiatives. The results of our 2022 program demonstrate the quality and capacity of our asset base to deliver outsized returns and the ability of our team to do so in a disciplined manner, while remaining focused upon safety and [Read more]

International Petroleum Corporation announces completion of acquisition in Suffield area

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce completion of the acquisition of oil and gas assets in the Suffield area, southern Alberta on the terms as previously announced on February 6, 2023. Mike Nicholson, IPC's Chief Executive Officer, comments: “We are very pleased to complete the acquisition of almost 16 million barrels of oil equivalent (boe) of proved plus probable (2P) reserves adjacent to our existing Suffield [Read more]

International Petroleum Corporation announces results of normal course issuer bid

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 659,094 IPC common shares (ISIN: CA46016U1084) during the period of February 27 to March 3, 2023 under IPC’s normal course issuer bid / share repurchase program (NCIB). IPC’s NCIB, announced on December 1, 2022, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No [Read more]

Prospera Energy utilizes strong balance sheet to capitalize 2023 development plan accelerating production growth

CALGARY, Alberta - Prospera Energy Inc. PEI: TSX-V; OF6A: FRA, OTC: GXRFF Prospera is structured to be well-capitalized in 2023 to fund the capital development program to capture the significant remaining reserves in place. PEI total capitalization ($15 million) includes strategic debt offering below, combined with substantial warrant exercise program of up to $10 million CAD in 2023 plus positive cash flow from operations. PEI hereby announces that it is undertaking a non-brokered private [Read more]

Razor Energy Corp. Announces 2022 Year-End Reserves and Operational Outlook

CALGARY, Alberta, March 02, 2023 (GLOBE NEWSWIRE) -- Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased to provide a summary of its 2022 year-end reserves evaluation and an updated operational outlook. The highlights and reserves summary below set forth Razor’s gross reserves at December 31, 2022, as evaluated by Sproule Associates Limited (“Sproule”), qualified reserves evaluators, in an independent report dated February 24, 2023 (the “Sproule Report”). The figures in the [Read more]

Athabasca Oil Announces 2022 Year-end Results & Reserves, Record Cash Flow and Plans to Execute a Share Buyback Program

CALGARY, Alberta, March 01, 2023 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its audited 2022 year-end results. Athabasca is uniquely positioned as a low leveraged company generating significant Free Cash Flow through its low-decline, oil weighted asset base. Q4 and Year-end 2022 Corporate Highlights Sustainable Production: 35,850 boe/d (93% Liquids) in Q4 and 35,262 boe/d (92% Liquids) in 2022, exceeding its annual [Read more]