BOE Report

Freehold Royalties Ltd. Declares Dividend for February 2019

CALGARY, Alberta, Jan. 15, 2019 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX:FRU)  announces that its Board of Directors has declared a dividend of Cdn. $0.0525 per common share to be paid on February 15, 2019 to shareholders of record on January 31, 2019. These dividends are designated as “eligible dividends” for Canadian income tax purposes. Freehold’s focus is on acquiring and managing oil and gas royalties. Freehold’s common shares trade on the Toronto Stock Exchange in [Read more]

Storm Resources Ltd. Announces Operational Update

CALGARY, Alberta, Jan. 15, 2019 (GLOBE NEWSWIRE) -- Storm Resources Ltd. ("Storm" or the "Company") (TSX:SRX) is providing an operational update which includes estimated production for the fourth quarter of 2018 and an estimate of the anticipated effect of an ongoing unplanned outage at the McMahon Gas Plant that started January 2, 2019. Production in the fourth quarter of 2018 is estimated to have averaged approximately 22,300 Boe per day which includes 4,100 barrels per day of liquids [Read more]

Athabasca Oil Corporation Closes $265 Million Leismer Infrastructure Transaction

CALGARY, Alberta, Jan. 15, 2019 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) has closed the previously announced Leismer Infrastructure Transaction with Enbridge Inc. for $265 million cash consideration. Transaction proceeds are approximately 50% of Athabasca’s market capitalization and significantly bolster the Company’s liquidity, reduce net debt and improve financial resiliency. Leismer’s cost structure remains competitive with other top tier oil [Read more]

Bellatrix Announces a Fourth Quarter 2018 Operational Update and 2019 Capital Budget

CALGARY, Alberta, Jan. 15, 2019 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) announces a fourth quarter 2018 operational update with full year average volumes exceeding guidance, and its 2019 capital budget designed to deliver stable corporate production volumes, supported by strong commodity price risk management and market diversification contracts. 2018 Production Volumes Exceed Full Year Average Guidance Bellatrix drilled and or [Read more]

Zargon Announces the Completion of a Transaction to Settle its Convertible Debentures

CALGARY, Alberta, Jan. 11, 2019 (GLOBE NEWSWIRE) -- Zargon Oil & Gas Ltd. ("Zargon" or the "Company") (TSX:ZAR; ZAR.DB.A) announces that it has completed a transaction (the "Transaction") to settle its $41.94 million principal amount of outstanding 8.00% convertible unsecured subordinated debentures ("Debentures") due December 31, 2019 in exchange for common shares in the capital of Zargon (the "Common Shares"). Pursuant to the Transaction, all of the Debentures were settled and all [Read more]

Cardinal Energy Ltd. Announces Monthly Dividend for January

CALGARY, Alberta, Jan. 11, 2019 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) confirms that a dividend of $0.01 per common share will be paid on February 15, 2019 to shareholders of record on January 31, 2019. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal is a junior Canadian oil focused [Read more]

Zargon Announces Voting Results of Extraordinary Meeting of Debentureholders and Provides Strategic Alternatives Process Update

CALGARY, Alberta, Jan. 10, 2019 (GLOBE NEWSWIRE) -- Zargon Oil & Gas Ltd. ("Zargon" or the "Company") (TSX:ZAR; ZAR.DB.A) announces that 82.64% of holders ("Debentureholders") of its 8.00% convertible unsecured subordinated debentures due December 31, 2019 (the "Debentures") voting at the extraordinary meeting of the Debentureholders held today (the "Meeting") have voted in favour of an extraordinary resolution pursuant to which all of the Debentures will be settled and all claims of the [Read more]

Seven Generations’ board approves $1.25 billion capital budget in 2019

Includes $1.1 billion to maintain production and $150 million for infrastructure and delineation projects CALGARY, Alberta, Jan. 10, 2019 (GLOBE NEWSWIRE) -- Seven Generations Energy’s Board of Directors has approved a 2019 capital investment budget of $1.25 billion that is expected to be funded from operations and that, given the current price environment, strikes a reasoned balance between current production and future growth projects. “Our 2019 budget maintains our balance sheet strength [Read more]

TransCanada Plans Name Change to TC Energy

CALGARY, Alberta, Jan. 09, 2019 (GLOBE NEWSWIRE) -- News Release – TransCanada Corporation (TSX, NYSE: TRP) (TransCanada) today announced its intention to change its name to TC Energy to better reflect the scope of the company’s operations as a leading North American energy infrastructure company. TransCanada’s shareholders will be asked to approve a special resolution to change the name at the company’s next Annual and Special Meeting of Shareholders. “TC Energy better reflects the breadth of [Read more]

Pipestone Energy Corp. Files Financial Statements

CALGARY, Alberta, Jan. 09, 2019 (GLOBE NEWSWIRE) -- Pipestone Energy Corp. (“Pipestone Energy”) (TSX-V: PIPE) announces that in accordance with the requirements of National Instrument 51-102 - Continuous Disclosure Obligations (“NI 51-102”) it has filed the unaudited interim financial statements for its predecessor Pipestone Oil Corp. (“POC”) for the three and nine month periods ended September 30, 2018. As Pipestone Energy was the “reverse takeover acquirer” (as defined in NI 51-102) of [Read more]