BOE Report

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]

Cardinal Energy Ltd. Receives TSX Approval for Normal Course Issuer Bid

CALGARY, Alberta, Dec. 17, 2018 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd.  ("Cardinal" or the "Company") (TSX: CJ) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted the notice of Cardinal's intention to commence a normal course issuer bid (the "NCIB"). The NCIB allows the Company to purchase up to $5 million aggregate principal amount of its 5.50% convertible unsecured subordinated debentures ("Convertible Debentures") (representing approximately 10% of its public [Read more]

Baytex Announces 2019 Budget

CALGARY, Alberta, Dec. 17, 2018 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (“Baytex”) (TSX, NYSE: BTE) announces that its Board of Directors has approved a 2019 capital budget of $550 to $650 million, which is designed to generate average annual production of 93,000 to 97,000 boe/d. Commenting on the announcement, Ed LaFehr, President and Chief Executive Officer, said: “As we enter 2019, our top priority is disciplined capital allocation across our strong portfolio of assets. We will focus [Read more]

TransGlobe Energy Corporation Announces a Q4 2018 Update

This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta, Dec. 17, 2018 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (AIM & TSX: “TGL” & NASDAQ: “TGA”) (“TransGlobe” or the “Company”) announces an interim fourth quarter update. All dollar values are expressed in US dollars unless otherwise [Read more]

Peyto Exploration & Development Corp. Confirms Dividends for January 15, 2019

CALGARY, Alberta, Dec. 14, 2018 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to December 2018 of $0.06 per common share is to be paid on January 15, 2019, for shareholders of record on December 31, 2018.  The ex-dividend date is December 28, 2018. Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes. Shareholders and interested investors are encouraged to [Read more]

Suncor Energy announces 2019 capital program and production outlook

CALGARY, Alberta, Dec. 14, 2018 (GLOBE NEWSWIRE) -- Suncor released its 2019 corporate guidance today which includes a capital program of between $4.9 and $5.6 billion and average upstream production of 780,000 to 820,000 barrels of oil equivalent per day (boe/d). The midpoints of these ranges represent a flat capital spend compared to 2018 and a year over year production increase of approximately 10%, including estimated mandatory production curtailments, from approximately 730,000 boe/d in [Read more]

Toscana Energy Reports Successful Voting Results of Extraordinary Meeting of Debentureholders

CALGARY, Alberta, Dec. 14, 2018 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana Energy" or the "Company") (TSX: TEI) held its extraordinary meeting (the "Meeting") of holders ("Debentureholders") of 7.25% convertible unsecured subordinated debentures of Toscana Energy due June 30, 2021 ("Debentures") on December 14, 2018 in Calgary, Alberta.  An aggregate of $7,836,000 principal amount of Debentures, representing approximately 39.18% of the issued and outstanding Debentures, were [Read more]

Freehold Royalties Ltd. Declares Dividend for December 2018

CALGARY, Alberta, Dec. 13, 2018 (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 January 15, 2019 to shareholders of record on December 31, 2018. 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]

Apache Declares Cash Dividend on Common Shares; Sets Date for 2019 Annual Meeting

HOUSTON, Dec. 13, 2018 (GLOBE NEWSWIRE) -- The board of directors of Apache Corporation (NYSE, Nasdaq: APA) has declared the regular cash dividend on the company's common shares. The dividend on common shares is payable Feb. 22, 2019, to stockholders of record on Jan. 22, 2019, at a rate of 25 cents per share on the corporation’s common stock.   Apache's annual meeting will be held at 10 a.m. Central time Thursday, May 23, 2019, at the Hilton Houston Post Oak Hotel, 2001 Post Oak Blvd., [Read more]

Birchcliff Energy Ltd. Announces Board Changes

CALGARY, Alberta, Dec. 13, 2018 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that Ms. Stacey McDonald has been appointed as a director of Birchcliff effective December 14, 2018. Ms. McDonald brings over 13 years of experience in the energy and financial sectors to Birchcliff, including extensive knowledge of capital markets and financial analysis. She was most recently a Managing Director of Institutional Energy Research at GMP [Read more]