BOE Report

Cardinal Energy Ltd. announces first quarter 2022 operating and record financial results

CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) announces its operating and record financial results for the first quarter ended March 31, 2022. FINANCIAL AND OPERATING HIGHLIGHTS FROM THE FIRST QUARTER OF 2022 First quarter 2022 total production increased 12% over the same period in 2021 with crude oil production increasing by 18%; Adjusted funds flow(1) increased to a record $86.6 million, a 436% increase over the same period in 2021 and a 62% [Read more]

Birchcliff Energy Ltd. announces excellent Q1 2022 results, doubling of quarterly common share dividend for Q2 2022 and plans to increase common share dividend in 2023

CALGARY, Alberta - Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its Q1 2022 financial and operational results, the doubling of its quarterly common share dividend for the quarter ending June 30, 2022 and plans to further increase the Corporation’s common share dividend in 2023. “We continue to be committed to maximizing free funds flow generation and significantly reducing indebtedness. I am pleased to report that Birchcliff delivered on both [Read more]

Peyto reports record funds flow in Q1 2022

CALGARY, Alberta - Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to present its operating and financial results for the first quarter of the 2022 fiscal year. A 71% Operating Margin1,2 and a 34% Profit Margin3 in the quarter delivered an 9% Return on Capital4 and a 13% Return on Equity5, on a trailing twelve-month basis. Highlights for the quarter included: Funds from operations6 per share up 69%. Funds from Operations (“FFO”) were a Company record $203 [Read more]

Prairie Provident Resources announces first quarter 2022 financial results and successful first quarter drilling program

CALGARY, Alberta - Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") is pleased to announce our operating and financial results for the three months ended March 31, 2022. PPR’s unaudited condensed interim consolidated financial statements for the three months ended March 31, 2022 (“Interim Financial Statements”) and related Management’s Discussion and Analysis (“MD&A”) are available on our website at www.ppr.ca and filed on SEDAR. MESSAGE TO SHAREHOLDERS [Read more]

Petrus Resources announces strong first quarter 2022 financial & operating results

CALGARY, Alberta - Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three months ended March 31, 2022. Q1 2022 HIGHLIGHTS: Production up 25% – Production was up 25% quarter over quarter from 5,880 boe/d in the fourth quarter of 2021 to 7,379 boe/d in the first quarter of 2022 primarily due to the new wells drilled in late 2021. The acquisition (as discussed below) contributed only 90 boe/d to the quarterly [Read more]

Questerre reports first quarter 2022 results

CALGARY, Alberta - Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the quarter ended March 31, 2022. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “Though it has not yet come into force, the National Assembly in Quebec passed Bill 21 banning oil and gas development in the province last month. We are still keen to work with the people of Quebec who have shown support for our [Read more]

Pieridae releases Q1 2022 results

CALGARY, Alberta - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) released its Q1 2022 financial and operating results today, highlighted by the positive impact higher commodity prices have had on our business, resulting in material increases in NOI, AFFO, net income, petroleum and natural gas revenue, and netback per boe. “We achieved solid financial results, managed our costs and, subsequent to the end of the quarter, began to reduce our debt principal. Higher commodity [Read more]

International Petroleum Corporation announces terms of substantial issuer bid

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce the terms of its substantial issuer bid (the Offer) to purchase for cancellation up to CDN$128 million (equivalent to approximately US$100 million and SEK 990 million) of its common shares (Shares), commencing on May 16, 2022 and expiring at 5:00 p.m. (Eastern Standard Time) on June 28, 2022, unless varied or withdrawn. For shareholders who hold Shares directly or indirectly through [Read more]

Razor Energy Corp. announces closing of oversubscribed flow-through rights offering

CALGARY, Alberta -  Razor Energy Corp. ("Razor”) (TSXV: RZE) in conjunction with FutEra Power Corp. (“FutEra”), a wholly owned subsidiary of Razor, is pleased to announce that it has completed its previously announced rights offering to eligible holders of Razor’s common shares (the “Common Shares”) of record at the close of business on April 7, 2022. The Rights Offering expired on May 6, 2022, with the rights trading on the TSX Venture Exchange (the “TSXV”) under the symbol “RZE.RT” being [Read more]

Pipestone Energy Corp. reports first quarter 2022 results and provides an operations update

CALGARY, Alberta - (TSX:PIPE) Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to report its first quarter 2022 financial and operational results, and to provide an update on its operations, including the encouraging early results from the flowback of its 12-36 eastern exploration well. FIRST QUARTER 2022 CORPORATE HIGHLIGHTS: The Company generated record revenue of $153.5 million, which more than doubled Q1 2021 revenue of $71.5 million, and represents a 12% increase [Read more]