BOE Report

InPlay Oil Corp. Announces Non–core Asset Rationalization, Operational Update, Acceleration of 2018 Cardium Drilling Program and Increased Production Guidance

CALGARY, Alberta, Sept. 13, 2018 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce that it has entered into a definitive agreement to sell certain non-core oil and gas properties in the West Pembina area of Alberta for cash consideration of $16.7 million, subject to closing adjustments customary in transactions of this nature (the “Disposition”).  InPlay plans to utilize the proceeds from the Disposition to accelerate Cardium [Read more]

Blackbird Energy Inc. Announces Results From Its Independent Reserves Evaluation as at July 31, 2018 and Provides an Operational Update

CALGARY, Alberta, Sept. 13, 2018 (GLOBE NEWSWIRE) -- (TSX-V: BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to announce results from its independent year-end reserves evaluation prepared by McDaniel & Associates Consultants Ltd. (“McDaniel”) as at an effective date of July 31, 2018 (the “McDaniel Report”) and provide a brief operational update. McDaniel prepared the evaluation in accordance with the standards set out in National Instrument 51-101 of the Canadian [Read more]

Bellatrix Announces Closing of Debt Refinancing Transaction and Upcoming Investor Events

CALGARY, Alberta, Sept. 11, 2018 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) today announces that it has closed the debt refinancing transaction previously announced on July 26, 2018.  The transaction immediately extends the maturity of over one-third of the Company’s existing unsecured senior notes due 2020 (the “2020 Notes”) by three years, reduces outstanding debt by approximately $10.5 million prior to any new money advances, and sets the [Read more]

Strategic Oil & Gas Announces Private Placement of New Convertible Notes

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ CALGARY, Alberta, Sept. 10, 2018 (GLOBE NEWSWIRE) -- Strategic Oil & Gas Ltd. (TSXV:SOG) (“Strategic” or the “Company”) has undertaken a non-brokered private placement of up to $4.2 million in convertible notes (“New Notes”). The New Notes bear interest at 8% per annum, payable semi-annually, mature on the same date as the existing convertible notes and are convertible into common shares of the Company [Read more]

PrairieSky Royalty Declares September Dividend

CALGARY, Alberta, Sept. 10, 2018 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky") (TSX:PSK) announced today that its Board of Directors has declared a dividend of CDN $0.065 per common share, payable in cash on October 15, 2018 to shareholders of record on September 28, 2018.  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 petroleum and [Read more]

Pengrowth Provides Operations Update and Models Cash Flow in 2018, 2019 and 2020 at Various Crude Pricing

CALGARY, Alberta, Sept. 10, 2018 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (“Pengrowth”) (TSX:PGF, OTCQX:PGHEF), today provided a model of potential cash flows at various West Texas Intermediate Crude (“WTI”) pricing and updated investors on production as well as oil market access. All amounts are stated in Canadian dollars unless otherwise specified. Pengrowth also announced their participation in the Peters & Co. 2018 Energy Conference. “Production at Lindbergh and at the corporate [Read more]

Prairie Provident Announces Further Princess Drilling Program Update

CALGARY, Alberta, Sept. 10, 2018 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident", "PPR" or the "Company") is pleased to provide an operational update on successful drilling and completion results from its core Princess area. Corporate average daily production based on field estimates is approximately 5,750 boe/d (75% liquids), with approximately 150 boe/d of additional production shut-in due to infrastructure capacity constraints at the Princess area. Based on current [Read more]

Velvet Energy and Iron Bridge Resources Agree to Terms of Friendly Transaction with Unanimous Approval from Iron Bridge’s Board of Directors

All Iron Bridge Directors & Officers and Certain Shareholders Commit to Tender 35% of the Total Common Shares Outstanding Velvet Energy and Iron Bridge agree to friendly transaction with unanimous Iron Bridge Board support, wherein Velvet has increased its cash consideration by 13% from $0.75 to $0.845 per Iron Bridge common share Including the assumption of net debt of $9.0 million and net proceeds from dilutive securities, total cash consideration from Velvet is approximately $142 [Read more]

NuVista Energy Ltd. Announces Closing of Pipestone Asset Acquisition and Provides Operational Update

CALGARY, Alberta, Sept. 06, 2018 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. ("NuVista" or the "Company") (TSX:NVA) is pleased to announce the successful closing of the previously announced acquisition of the Cenovus Pipestone Partnership (the "Acquisition") which holds assets in the Pipestone area of Northwest Alberta ("the Acquired Assets"). The Acquisition was partially funded through an offering of 47,415,801 subscription receipts ("Subscription Receipts") at a price of $8.10 per Subscription [Read more]

Birchcliff Energy Ltd. Announces Declaration of Quarterly Common Share and Preferred Share Dividends

CALGARY, Alberta, Sept. 05, 2018 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff”) (TSX: BIR) is pleased to announce that its board of directors has declared the following quarterly cash dividends for the quarter ending September 30, 2018: Shares TSX Stock Symbol Dividend per ShareCommon Shares BIR    $0.025   Cumulative Redeemable Preferred Shares, Series A BIR.PR.A    $0.523375   Cumulative Redeemable Preferred Shares, Series C BIR.PR.C    $0.4375    The dividends are payable on [Read more]