BOE Report

Cardinal Energy Ltd. Announces Its 2018 Capital Budget and Monthly Dividend for December

CALGARY, Alberta, Dec. 12, 2017 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. (TSX:CJ) ("Cardinal" or the "Company") announced today that its Board of Directors has approved a capital expenditure budget for 2018 that focuses on maintaining a sustainable dividend and development of our existing asset base. The 2018 capital budget is designed to achieve significant growth in adjusted funds flow per share and maintaining the Company's annualized dividend at $0.42/share. Cardinal would also like to [Read more]

Baytex Announces 2018 Budget and Board Succession

CALGARY, Alberta, Dec. 07, 2017 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (“Baytex”) (TSX:BTE) (NYSE:BTE) announces that its Board of Directors has approved a 2018 capital budget of $325 to $375 million, which is designed to generate average annual production of 68,000 to 72,000 boe/d. Commenting on the announcement, Ed LaFehr, President and Chief Executive Officer, said: “Our 2018 budget builds on the operational momentum established in 2017 which has positioned our business for success in [Read more]

Athabasca Oil Corporation Provides Operations Update and 2018 Outlook

CALGARY, Alberta, Dec. 06, 2017 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX:ATH) (“Athabasca” or the “Company”) is pleased to provide an operations update and 2018 outlook. Highlights include: Balanced 2018 Budget: $140 million capital budget ($70 million in each of Light Oil and Thermal Oil) aligned to $145 million funds flow (US$55 WTI) Production Growth: 2018 production outlook of 38,500 – 41,000 boe/d (87% liquids), representing 11% per share growth year-over-year [Read more]

Tidewater Midstream and Infrastructure Ltd. Enters Into Agreement With TransAlta to Construct an Inter-Alberta Pipeline Network supported by a 15 year Take or Pay, Proposed Issuance of Senior Unsecured Notes, Escrow Close of Deep Basin and Montney Region Acquisition and Closing of Credit Facility Increase

CALGARY, Alberta, Dec. 06, 2017 (GLOBE NEWSWIRE) -- Agreement with TransAlta to construct Inter-Alberta Pipeline Network Tidewater Midstream and Infrastructure Ltd. (“Tidewater”) (TSX:TWM) and TransAlta Corporation (“TransAlta”) (TSX:TA) (NYSE:TAC) announced today that the two companies have entered into a Letter of Intent (“LOI”) for Tidewater to construct a 120 km natural gas pipeline from its Brazeau River Complex (“BRC”) to TransAlta’s generating units at Sundance and Keephills.  The [Read more]

QEP Resources Announces Final Results and Expiration of Tender Offers and Completion of Redemption of 6.80% Senior Notes Due 2018

DENVER, Dec. 06, 2017 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE:QEP) (“QEP” or the “Company”) today announced the final results and expiration of the previously announced offers to purchase for cash (the “Tender Offers”) up to $361,000,000 aggregate principal amount of its outstanding 6.80% Senior Notes due 2020 (the “2020 Notes”) and 6.875% Senior Notes due 2021 (the “2021 Notes”) upon the terms and conditions described in the Company’s Offer to Purchase dated November 6, 2017 (the “Offer [Read more]

Gibson Energy Announces 2018 Capital Budget

All financial figures are in Canadian dollars CALGARY, Alberta, Dec. 05, 2017 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”), (TSX:GEI), announced today that its Board of Directors has approved a 2018 growth capital expenditure budget in the range of $120 million to $150 million, with in excess of 90% of investment directed towards sanctioned growth projects. Additionally, the Board of Directors has approved the allocation of approximately $30 million in upgrade and [Read more]

Questor Announces Grant of Incentive Stock Options

This document is not intended for dissemination or distribution in the United States. CALGARY, Alberta, Dec. 04, 2017 (GLOBE NEWSWIRE) -- Questor Technology Inc. ("Questor", the "Company"), (TSX-V:QST), announces that the Board of Directors of the Company has approved the granting of incentive stock options pursuant to Questor’s stock option plan and compensation policy, dated September 15, 2016 to certain of its Directors, Officers and Employees to acquire up to an aggregate of 352,500 [Read more]

Husky Energy Announces 2018 Budget and Production Guidance

CALGARY, Alberta, Dec. 04, 2017 (GLOBE NEWSWIRE) -- Husky (TSX:HSE) is on track to exceed the 2018 targets for funds from operations and free cash flow outlined at its 2017 Investor Day. “We are ahead of our five-year plan in delivering cost efficiencies, lower cost production, lower operating costs, lower sustaining capital requirements, and increasing free cash flow,” said CEO Rob Peabody. 2018 Plan Highlights:                        Funds from operations are anticipated to exceed $4 [Read more]

Pengrowth Receives Continued Listing Standard Notification From the New York Stock Exchange

CALGARY, Alberta, Dec. 01, 2017 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (NYSE:PGH) (TSX:PGF) today announced that it received notification on December 1, 2017 from the New York Stock Exchange (NYSE) that Pengrowth is no longer in compliance with one of the NYSE’s continued listing standards resulting from the average closing price of Pengrowth’s common stock being less than US $1.00 per share over a consecutive 30 trading-day period. Non-compliance with the NYSE's price listing [Read more]

PetroShale Announces Financial and Operating Results for the Third Quarter of 2017

CALGARY, Alberta, Nov. 29, 2017 (GLOBE NEWSWIRE) -- PetroShale Inc. ("PetroShale" or the "Company") (TSXV:PSH) (OTCQX:PSHIF) is pleased to announce its financial and operating results for the three and nine month periods ending September 30, 2017.  The Company’s unaudited consolidated financial statements and corresponding Management’s Discussion and Analysis (MD&A) for the period are available on SEDAR at www.sedar.com, on the OTCQX website at www.otcqx.com, and on PetroShale’s website at [Read more]