BOE Report

Husky Energy Announces 2019 Budget and Production Update

Capital spending $300 million less than previously forecast Record thermal production in Q4 2018; Full rates achieved at Sunrise, Tucker and Rush Lake 2 CALGARY, Alberta, Dec. 20, 2018 (GLOBE NEWSWIRE) -- Husky Energy plans to spend approximately $3.4 billion on its capital expenditure program in 2019 as it continues to invest in a deep portfolio of higher-margin, longer-life projects. This is about $300 million less than forecast at the Company’s Investor Day in May 2018, and includes capital [Read more]

TransGlobe Energy Corporation Announces Director/PDMR Shareholding

CALGARY, Alberta, Dec. 20, 2018 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (AIM & TSX: “TGL” & NASDAQ: “TGA”) (“TransGlobe” or the “Company”) announces that it was notified on December 19, 2018 that on the same day Steven Sinclair acquired common shares as follows: PDMRNumber of  Common Shares AcquiredPrice ($CDN)Number of Common Shares held following the transaction% of Company's issued share capital heldSteven Sinclair20,000$2.28750,0000.069% Notification of a Transaction [Read more]

Blackbird Energy Inc. Receives Strong Shareholder Support for Strategic Combination With Pipestone Oil Corp.

CALGARY, Alberta, Dec. 19, 2018 (GLOBE NEWSWIRE) -- (TSX-V: BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to announce that its shareholders (the “Blackbird Shareholders”) have approved the previously announced strategic combination of Blackbird and Pipestone Oil Corp. (the “Transaction”) at a special meeting held today, by a majority of over 99% of votes cast.  The Blackbird Shareholders also approved the continuance of Blackbird from British Columbia into Alberta (the [Read more]

Marksmen Announces Operational Update

CALGARY, Alberta, Dec. 19, 2018 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (“Marksmen” or the “Company”) is a 60% working interest partner in a Clinton Sandstone Horizontal (“CSH”) well drilled in Hocking County, Ohio. The operator of the well is Hocking Hills Energy and Well Services LLC of Ohio. The Leaman #1 CSH well has been drilled and completed with a 12-stage hydraulic fracturing program. The remedial work required due to technical difficulties encountered after the hydraulic fracturing [Read more]

Corridor Provides Update on Its Operations in New Brunswick

HALIFAX, Nova Scotia, Dec. 19, 2018 (GLOBE NEWSWIRE) -- (TSX - CDH): Corridor Resources Inc. (“Corridor”) is pleased to provide an update on its operations in New Brunswick. Update on Pricing, Additional Financial Hedges, Production and Guidance 2018/2019 In our press release dated November 13, 2018, Corridor announced the following financial hedges for the winter of 2018/2019: 2,500 mmbtupd of natural gas production at a fixed price of $US12.72/mmbtu for January 2019 and 2,500 mmbtupd at a [Read more]

Questerre provides corporate update

CALGARY, Alberta, Dec. 19, 2018 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported on recent developments including the impact of a 325,000 barrel a day curtailment of oil production announced by the Government of Alberta. The curtailment does not apply to the Company’s condensate production in the province. Michael Binnion, President and Chief Executive Officer of Questerre, noted, ”We’re very pleased that the discount between condensate [Read more]

Pieridae Energy Limited: Private Placement

CALGARY, Alberta, Dec. 18, 2018 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae”) (PEA - TSXV) is pleased to announce that it has completed a non-brokered private placement with The Western and Southern Life Insurance Company (“WSLI”) and Electron Capital LLC (“Electron”), for proceeds of $8.0 million (the “Private Placement”). Pieridae intends to use the proceeds of the Private Placement to refinance certain amounts at closing of the arrangement with Ikkuma Resources Corp. (the [Read more]

Resolute Energy Corporation Declares Dividend on Preferred Stock

DENVER, Dec. 18, 2018 (GLOBE NEWSWIRE) -- Resolute Energy Corporation (NYSE: REN) today announced that its Board of Directors declared a cash dividend of $20.3125 per share on its 8⅛% Series B Cumulative Perpetual Convertible Preferred Stock, payable on January 15, 2019, to holders of record at the close of business on January 1, 2019.  The dividend is for the period beginning on October 16, 2018 and ending on January 15, 2019. About Resolute Energy Corporation Resolute is an independent oil [Read more]

Husky Energy Announces Regulatory Approvals For MEG Energy Acquisition

CALGARY, Alberta, Dec. 18, 2018 (GLOBE NEWSWIRE) -- Husky Energy (TSX:HSE) today announced it has met all regulatory requirements for its full and fair offer to acquire MEG Energy, including approval granted under the Investment Canada Act. “Receiving regulatory approvals is a significant step toward realizing this compelling opportunity,” said CEO Rob Peabody. “Our proposal offers an enhanced shareholder return proposition with much lower risk. Together, Husky and MEG will create a stronger, [Read more]

Cequence Energy Announces Confirmation of Its Credit Facility Borrowing Base, the Purchase of Its $60 Million Term Loan and Provides Operational Update

CALGARY, Alberta, Dec. 17, 2018 (GLOBE NEWSWIRE) -- Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce that its senior lender has completed a redetermination of the borrowing base under the Company’s senior secured credit facility (the “Credit Facility”), and has confirmed the borrowing base remains at $7 million. Other than outstanding letters of credit totalling approximately $1.5 million, the Company currently has no amounts drawn under the Credit [Read more]