BOE Report

Gran Tierra Energy Inc. announces normal course issuer bid and automatic share purchase plan

CALGARY, Alberta, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra”) (NYSE American: GTE)(TSX: GTE)(LSE: GTE), today announces that the Toronto Stock Exchange (“TSX”) has approved its notice of intention to make a normal course issuer bid (the “Bid”) for its shares of common stock (the “Shares”). As of October 31, 2024, there were 36,460,141 Shares issued and outstanding and the public float was 35,458,717 Shares. Pursuant to the Bid, Gran Tierra will be able to purchase [Read more]

Gran Tierra Energy Inc. reports third quarter 2024 results and announces its sixth consecutive Ecuador oil discovery from the Charapa-B7 well

Gran Tierra Announces its Sixth Consecutive Ecuador Oil Discovery from the Charapa-B7 Well and Has Achieved Cumulative Production of Over 1 Million Barrels of Oil in Ecuador Gran Tierra Achieved $1 Million in Net Income and Generated $60 Million in Funds Flow from Operations(2), an Increase of 31% from Prior Quarter Third Quarter 2024 Total Average WI Production of 32,764 BOPD Operating Netback of $101 Million and Adjusted EBITDA of $93 Million(1)(4) Exited the Quarter with $278 [Read more]

South Bow recommends shareholders reject TRC Capital’s below-market “mini-tender” offer

CALGARY, Alberta, Nov. 01, 2024 (GLOBE NEWSWIRE) -- South Bow Corp. (TSX & NYSE: SOBO) has received an unsolicited "mini-tender" offer from TRC Capital Investment Corp. (TRC Capital) to purchase up to 3 million South Bow common shares, or approximately 1.4% of South Bow's outstanding common shares, at a below-market price of C$31.95. South Bow does not endorse TRC Capital's unsolicited offer, has no affiliation with TRC Capital or its offer, and does not recommend or endorse this unsolicited [Read more]

Prospera Energy commences restructure initiatives at the Board level to attain PEI potential

CALGARY, Alberta, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (PEI: TSX-V; OF6B: FRA) ("Prospera" or the "Corporation") Prospera announces the opportunistic appointment of Mr. Shubham Garg as Chairman of the Board of Directors. Previous Chairman, Mr. Mel Clifford has stepped down from the Board of Directors for personal reasons, effective October 31, 2024. The Board and Prospera express their sincere gratitude to Mr. Clifford for his dedication and contributions to PEI's [Read more]

Gibson Energy announces $350 million senior unsecured note offering and redemption of its 2026 notes

All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (TSX:GEI) (“Gibson” or the “Company”) announced today that it has agreed to issue $350 million of 4.45% senior unsecured notes due November 12, 2031 (the “Notes”). The offering is expected to close on November 12, 2024, subject to customary closing conditions. Gibson will use the net proceeds from the offering as well as cash on hand to fund the [Read more]

International Petroleum Corporation announces results of normal course issuer bid and updated share capital

TORONTO, Oct. 31, 2024 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 66,800 IPC common shares (ISIN: CA46016U1084) during the period of October 28 to 31, 2024 under IPC’s normal course issuer bid / share repurchase program (NCIB). IPC’s NCIB, announced on December 1, 2023, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and [Read more]

Cenovus announces third quarter 2024 results

CALGARY, Alberta, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its financial and operating results for the third quarter of 2024. The company generated nearly $2.5 billion in cash from operating activities, $2.0 billion of adjusted funds flow and $614 million of free funds flow in the quarter. Upstream production of more than 771,000 barrels of oil equivalent per day (BOE/d)1 was slightly lower compared with the second quarter primarily because of [Read more]

Prairie Provident announces closing of rights offering

CALGARY, Alberta, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce the successful completion of its previously announced equity rights offering (the “Rights Offering”), which expired at 5:00 p.m. (Mountain time) on October 28, 2024. Prairie Provident issued an aggregate of 480,000,000 common shares of the Company (“Common Shares”) pursuant to the Rights Offering and the Standby Commitment (defined below) [Read more]

Athabasca Oil announces 2024 third quarter results highlighted by strong free cash flow and continued execution on share buybacks

CALGARY, Alberta, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its third quarter results highlighting strong free cash flow underpinned by operational momentum at all assets and continued execution on its return of capital commitment through share buybacks. Corporate Consolidated Third Quarter Highlights Production: Average production of 38,909 boe/d (98% Liquids), representing 8% growth year over year (16% on [Read more]

Prospera Energy Inc. announces change of auditor

CALGARY, Alberta, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (PEI: TSX-V; OF6A: FRA) ("Prospera" or the "Corporation") Prospera. announces that it has changed its auditors from Crowe MacKay LLP (the “Former Auditor”) to MNP LLP (the “Successor Auditor”) effective October 8, 2024. There were no reservations in the Former Auditor's audit report for any financial period during which the Former Auditor was the Corporation's auditor. There are no 'reportable events' (as the term is [Read more]