BOE Report

Athabasca Oil announces creation of “Duvernay Energy Corporation” with Cenovus Energy to accelerate value in the prolific Kaybob Duvernay Play

Athabasca and Cenovus combine Kaybob assets to create pure-play Duvernay entity Exposure to ~200,000 gross acres including a newly operated 100% WI position of ~46,000 acres Leverages significant prior de-risking activity to date on Athabasca’s Duvernay assets Debt-free entity seeded with $40 million cash and a $50 million credit facility Production of ~2,000 boe/d with a self-funded development plan to ~25,000 boe/d (~75% Liquids) Athabasca Thermal Oil budget & Return of [Read more]

International Petroleum Corporation announces results of normal course issuer bid

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 390,864 IPC common shares (ISIN: CA46016U1084) during the period of December 11 to 15, 2023 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 Commission Delegated Regulation (EU) No 2016/1052 [Read more]

Peyto Exploration & Development Corp. confirms monthly dividend for January 15, 2024

CALGARY, Alberta, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to December 2023 of $0.11 per common share is to be paid on January 15, 2024, for shareholders of record on December 31, 2023. Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes. Shareholders and interested investors are encouraged to visit the Peyto website at www.peyto.com to [Read more]

Prairie Provident announces addition to Board of Directors

CALGARY, Alberta, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce the appointment of Mr. Ryan Rawlyk to the Board of Directors effective January 1, 2024. Its appointment coincides with the previous announcement appointing Mr. Rawlyk as the President & CEO effective January 1, 2024. ABOUT PRAIRIE PROVIDENT: Prairie Provident is a Calgary-based company engaged in the exploration and development of oil and [Read more]

Freehold Royalties Ltd. declares dividend for December 2023

CALGARY, Alberta, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.09 per common share to be paid on January 15, 2024 to shareholders of record on December 29, 2023. 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]

Cenovus announces 2024 budget

CALGARY, Alberta, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its 2024 budget, delivering disciplined capital investment and balancing growth of the company’s base business with meaningful shareholder returns. Continuing with the growth plan embarked on in 2023, Cenovus expects to invest capital of between $4.5 billion and $5.0 billion in 2024. This investment includes $1.5 billion to $2.0 billion of optimization and growth capital, primarily for [Read more]

Prospera Energy announces a +500 bbls per day flowing well and continued horizontal drilling success

CALGARY, Alberta, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (“Prospera” or the “Company”) (TSX.V: PEI, OTC: GXRFF, FRA: OF6B, OF6B.SG, OF6B.F, OF6B.BE). Prospera Energy Inc. is pleased to announce a medium light oil +500 barrels per day flowing well from a full day of production testing. This above gradient pressure reservoir will typically flow for a few months and will transition into an artificial lift system production of approximately +150 bblspd of stabilized rate. A [Read more]

Pembina announces accretive consolidation of Alliance Pipeline and Aux Sable, and concurrent $1.1 billion bought deal offering of subscription receipts

All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”) and adjusted cash flow from operating activities per share (“adjusted cash flow per share”), which are financial measures that are not defined by Generally Accepted Accounting Principles (“GAAP”). For more information about these metrics, see “Non-GAAP and Other Financial Measures” [Read more]

CanAsia Energy announces upsize of brokered financing to $6.3 million

CALGARY, Alberta, Dec. 13, 2023 (GLOBE NEWSWIRE) -- CanAsia Energy Corp. (“CanAsia” or the “Company”) (CEC – TSXV) is pleased to announce that, in connection with its previously announced brokered private placement offering on December 4, 2023 (“Offering”), the Company has upsized the Offering from CAD $4.0 million to up to CAD $6.3 million in common shares of the Company (“Shares”) at an issue price of CAD $0.10 per Share. The Offering is being led by Research Capital Corporation as the sole [Read more]

Freehold Royalties Ltd. enters into agreements to acquire Permian Basin royalty assets for CAD$112 million

Highlights 123,000 gross acres (2,670 net royalty acres) predominately in the core of the Midland basin; Adds 600 boe/d of US production in 2024; 85% liquids weighted production stream; 40% increase to Freehold’s Permian land position; and 25% increase to Freehold’s US drilling inventory. CALGARY, Alberta, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) has entered into definitive agreements with two private sellers to acquire [Read more]