BOE Report

Traverse Energy Announces 2018 Second Quarter Results

CALGARY, Alberta, Aug. 22, 2018 (GLOBE NEWSWIRE) -- Traverse Energy Ltd. (“Traverse” or “the Company”) (TSX Venture:TVL) presents financial and operating results for the three and six months ended June 30, 2018.   Three months ended June 30, Six months ended June 30, Highlights (unaudited) 2018 2017 2018 2017 Financial ($ thousands, except per share amounts) Petroleum and natural gas revenue 1,778 2,615 3,758 5,641 Cash from operating [Read more]

Baytex Announces Closing of Strategic Combination With Raging River, Updated 2018 Guidance and Confirmation of Preliminary 2019 Plans

CALGARY, Alberta, Aug. 22, 2018 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (“Baytex”)(TSX, NYSE: BTE) is pleased to announce the closing of the strategic combination with Raging River Exploration Inc. (“Raging River”)(TSX: RRX). Baytex has emerged through this transaction as a well-capitalized, oil-weighted company with an attractive growth and free cash flow profile provided by its world class assets focused across North America. Current production is approximately 94,000 boe/d (83% liquids) from [Read more]

Denbury Closes $450 Million Offering Of New 7½% Senior Secured Second Lien Notes Due 2024

PLANO, Texas, Aug. 21, 2018 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE:DNR) (“Denbury” or the “Company”) today announced the closing of its previously announced private offering (the “Offering”) of $450 million aggregate principal amount of 7½% Senior Secured Second Lien Notes due 2024 (the “New Second Lien Notes”).  The Company used the net proceeds from the Offering to repay all of its outstanding borrowings under its bank credit facility and to pay fees and expenses of the Offering, [Read more]

Baytex and Raging River Receive Shareholder and Court Approval for Strategic Combination

CALGARY, Alberta, Aug. 21, 2018 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (“Baytex”)(TSX, NYSE: BTE) and Raging River Exploration Inc. (“Raging River”)(TSX: RRX) are pleased to announce that shareholders of Raging River (“Raging River Shareholders”) and Baytex (“Baytex Shareholders”) have today approved their previously announced strategic combination (the “Transaction”). The Transaction will see the combined company emerge as a well-capitalized, oil-weighted company with an attractive growth and [Read more]

Iron Bridge’s Dismal Second Quarter Results Show Material Underperformance and Financial Distress; Reinforce Velvet Energy’s Offer as the Superior Value Maximization Alternative for Iron Bridge Shareholders

Material underperformance underscores why Iron Bridge shareholders should tender to Velvet’s all-cash offer Several independent analyst reports note that Iron Bridge’s common shares would trade well below $0.75 per share, absent Velvet Energy’s offer Our premium, all-cash offer, provides shareholders with certainty of avoiding the dilutive impact of any financing alternative Iron Bridge might pursue absent Velvet’s Offer Shareholders are reminded that Velvet Energy’s offer is the only [Read more]

Petroleum Resources Act in Quebec coming into force

CALGARY, Alberta , Aug. 20, 2018 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today that the Government of Quebec announced its plans to officially implement or put into practice the Petroleum Resources Act (the “Act”). The Act will govern the development of hydrocarbons in the province of Quebec. The Act was passed as law in December 2016 by the Liberal government as a result of the adoption of Bill 106, “An Act to Implement the 2030 [Read more]

PRD Energy Provides Update on Liquidation & Dissolution Process

CALGARY, Alberta, Aug. 17, 2018 (GLOBE NEWSWIRE) -- PRD Energy Inc. ("PRD" or the "Company") is pleased to provide an update on the status of its liquidation and the anticipated timing of its dissolution. PRD is currently discharging all of its obligations and completing all other acts required to liquidate its business. PRD's assets, as at June 30, 2018, were comprised of cash on hand of approximately $796,000 and accounts receivable of approximately $39,280. Included in the accounts [Read more]

Strategic Oil & Gas Ltd. Announces Second Quarter 2018 Financial and Operating Results

CALGARY, Alberta, Aug. 16, 2018 (GLOBE NEWSWIRE) -- Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSXV: SOG) is pleased to report financial and operating results for the three and six months ended June 30, 2018. Detailed results and additional information are presented in Strategic's interim condensed consolidated financial statements and related Management's Discussion and Analysis ("MD&A") which will be available through the Company's website at www.sogoil.com and on SEDAR [Read more]

Peyto Exploration & Development Corp. Confirms Dividends for September 14, 2018

CALGARY, Alberta, Aug. 15, 2018 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX:PEY) ("Peyto") confirms that the monthly dividend with respect to August 2018 of $0.06 per common share is to be paid on September 14, 2018, for shareholders of record on August 31, 2018.  The ex-dividend date is August 30, 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]

Crescent Point Energy Confirms August 2018 Dividend

CALGARY, Alberta, Aug. 15, 2018 (GLOBE NEWSWIRE) -- Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) confirms that the dividend to be paid on September 17, 2018, in respect of August 2018 production, for shareholders of record on August 31, 2018, will be CDN$0.03 per share. These dividends are designated as “eligible dividends” for Canadian income tax purposes. For U.S. income tax purposes, Crescent Point’s dividends are considered “qualified dividends.” [Read more]