BOE Report

Lycos Energy Inc. announces strategic acquisition of Durham Creek Exploration Ltd. and $25 million equity financing

CALGARY, Alberta, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Lycos Energy Inc. ("Lycos" or the "Company") (TSXV: LCX) is pleased to announce that it has entered into a definitive agreement (the "Acquisition Agreement") today to acquire Durham Creek Exploration Ltd. ("DCEL"), a privately-held, arm's length, heavy oil producer, by way of a plan of arrangement for total consideration, prior to adjustments, of $22.5 million (the "Acquisition"), consisting of $12.5 million in cash and 2.8 million common [Read more]

Prospera Energy Inc. announces horizontal infill drilling program update and interest payable reduction settlement

CALGARY, Alberta, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (“Prospera” or the “Company”) (TSX.V: PEI, OTC: GXRFF, FRA: OF6B, OF6B.SG, OF6B.F, OF6B.BE). Prospera has completed the drilling of four horizontal wells of the ten well multi-pad infill drill program. These wells encountered structure and pay as expected with excellent oil show throughout the pay. The drilling technique tweaked from the pilot wells were executed efficiently and ahead of schedule. High praises to Lasso [Read more]

PrairieSky Royalty declares quarterly dividend

CALGARY, Alberta, Sept. 11, 2023 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky") (TSX:PSK) announced today that its Board of Directors has declared a quarterly dividend of CDN $0.24 per common share, payable in cash on October 16, 2023 to shareholders of record on September 29, 2023. This dividend is designated as an "eligible dividend" for Canadian income tax purposes. About PrairieSky Royalty Ltd. PrairieSky is a royalty-focused company, generating royalty revenues as [Read more]

International Petroleum Corporation announces results of normal course issuer bid

TORONTO, Sept. 11, 2023 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 145,300 IPC common shares (ISIN: CA46016U1084) during the period of September 4 to 8, 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 [Read more]

International Petroleum Corporation announces confirmation of corporate and bond credit ratings

TORONTO, Sept. 11, 2023 (GLOBE NEWSWIRE) -- International Petroleum Corporation ("IPC" or the "Corporation") (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that international credit rating agencies S&P Global Ratings and Moody’s have reaffirmed IPC’s corporate and bond credit ratings. In respect of IPC’s corporate credit ratings, S&P Global Ratings has affirmed a credit rating of B with Stable outlook and Moody’s has affirmed a credit rating of B1 with Stable outlook. In respect of [Read more]

Peyto announces increase to previously announced bought deal offering to C$175 million

CALGARY, Alberta, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. ("Peyto" or the "Company") is pleased to announce that due to strong demand, it has increased the size of the previously announced public offering of subscription receipts ("Subscription Receipts") to 14,710,000 Subscription Receipts at a price of $11.90 per Subscription Receipt (the “Offering Price”) for gross proceeds of approximately $175 million (the “Equity Offering”). The Company previously [Read more]

Precision Drilling announces acquisition of CWC Energy Services

CALGARY, Alberta, Sept. 07, 2023 (GLOBE NEWSWIRE) -- This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. Precision Drilling Corporation (“Precision”) (TSX:PD; NYSE:PDS) is pleased to announce that it [Read more]

Peyto announces strategic acquisition and concurrent bought deal offering

CALGARY, Alberta, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. ("Peyto" or the "Company") (TSX: PEY) is pleased to announce it has entered into a partnership interest purchase agreement to acquire Repsol Canada Energy Partnership, which holds the Canadian upstream oil and gas business of Repsol Exploración, S.A.U., including all related midstream facilities and infrastructure located predominantly in the Deep Basin (collectively the "Assets"), for cash [Read more]

Hammerhead Energy Inc. announces increased 2023 production guidance

CALGARY, Alberta, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Based upon continued strong execution in the field with respect to both costs and performance, Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS, HHRS.WT; NASDAQ: HHRS, HHRSW) is pleased to announce increased 2023 annual average production guidance of 41,500 boe/d3 from the previous estimate of 40,200 boe/d. Crude oil production is estimated to be 35% of production from a prior estimate of 33%. Since coming on production August [Read more]

Cenovus Energy announces tender offers for certain outstanding series of notes

CALGARY, Alberta, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today the commencement of tender offers to purchase for cash certain of its outstanding series of notes listed in the table below (collectively, the “Notes”) for an aggregate purchase price, excluding accrued and unpaid interest, of up to $750 million. References to “$” in this news release are to United States dollars, unless otherwise indicated. Title [Read more]