BOE Report

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]

Occidental to acquire CrownRock, strengthening its U.S. onshore portfolio with premier Permian Basin assets

Acquisition, valued at approximately $12.0 billion, generates immediate free cash flow accretion CrownRock’s well-positioned assets expand Occidental’s scale in the Midland Basin CrownRock’s development-ready inventory high-grades Occidental’s premier Permian Basin portfolio and increases low-breakeven inventory Expected to add high-margin, lower-decline unconventional production of approximately 170 Mboed in 2024 Supports quarterly dividend increase of 22% to $0.22 per share [Read more]

International Petroleum Corporation announces results of Normal Course Issuer Bid

TORONTO, Dec. 11, 2023 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 329,490 IPC common shares (ISIN: CA46016U1084) during the period of December 5 to 8, 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 [Read more]

Pieridae obtains shareholder approval for Bridge Loan conversion

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES CALGARY, Alberta, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) announces that it has obtained the requisite shareholder approval to (i) issue the common shares issuable to its lender, Prudential, pursuant to the share purchase warrants granted to Prudential in June 2023 and (ii) repay in full the remaining principal amount, accrued interest and [Read more]

Pieridae announces 2024 guidance

Focused on Reliability, Cost Reduction & Deleveraging CALGARY, Alberta, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) is pleased to provide 2024 guidance including scope of the 2024 capital program along with production and net operating income projections. 2024 Guidance Estimates Initial Guidance (Dec-23) Low High Production (boe/d) 33,000 34,500 Net Operating Income ($M) [Read more]

Athabasca Oil announces 2024 budget and return of capital update

CALGARY, Alberta, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or “the Company”) is pleased to announce its 2024 budget focused on profitable production growth and strong free cash flow generation. Athabasca provides investors unique positioning to top tier oil weighted assets (Thermal Oil and Duvernay) with a capital allocation framework aimed at maximizing cash flow per share growth and returning capital to shareholders. 2024 Budget [Read more]

PrairieSky Royalty declares quarterly dividend

CALGARY, Alberta, Dec. 05, 2023 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. (“PrairieSky”) (TSX:PSK) announced today that its Board of Directors has declared a quarterly dividend of CDN $0.24 per common share, payable in cash on January 15, 2024 to shareholders of record on December 29, 2023.   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 [Read more]

PrairieSky appoints Glenn McNamara to Board of Directors

CALGARY, Alberta, Dec. 05, 2023 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce the appointment of Glenn McNamara to the Board of Directors effective December 4, 2023. "We are pleased to welcome Glenn to our Board of Directors. His business and industry expertise, leadership skills and extensive experience in royalties make him an ideal addition to the Board," said James Estey, Chair of the Board. "We look forward to Glenn’s [Read more]