BOE Report

Hammerhead Energy Inc. announces expanded credit facility and repayment of term debt

CALGARY, Alberta, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS; NASDAQ: HHRS) is pleased to announce the expansion of its credit facility to C$450 million (from C$350 million) effective September 27, 2023. The increase in the credit facility was achieved through a combination of increased commitments by the existing lenders and the addition of the Bank of Montreal into the lending syndicate. The Company is very pleased to have the Bank of [Read more]

Transaction in own shares

Transaction in Own Shares 02 October 2023 • • • • • • • • • • • • • • • • Shell plc (the ‘Company’) announces that on 02 October 2023 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: Date of purchase Number of Shares purchased Highest price paid Lowest price paid Volume weighted average price paid per [Read more]

Petrus Resources announces monthly activity update

CALGARY, Alberta, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company's website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. FOR FURTHER INFORMATION PLEASE [Read more]

Surge Energy Inc. announces $42 million convertible debenture bought deal financing and intention to redeem existing convertible debentures due June 30, 2024

CALGARY, Alberta, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce a public offering (the “Offering”) on a “bought deal” basis, of $42 million principal amount of convertible unsecured subordinated debentures, at a price of $1,000 per debenture, with an interest rate of 8.50% per annum, payable semi-annually in arrears on the last day of June and December commencing on June 30, 2024 (the “Debentures”). The Debentures will mature on [Read more]

Pipestone shareholders approve arrangement with Strathcona to create new Canadian energy leader

CALGARY, Alberta, Sept. 27, 2023 (GLOBE NEWSWIRE) -- (PIPE – TSX) Pipestone Energy Corp. ("Pipestone" or the "Company") today announced that the Company’s shareholders (the "Shareholders") have voted to approve the previously announced arrangement (the "Arrangement") with Strathcona Resources Ltd. ("Strathcona"), which will see Pipestone combined with Strathcona to create one of Canada’s largest energy producers. Upon closing, Strathcona and Pipestone will be amalgamated to form a new [Read more]

Prospera Energy Inc. announces low dilutive development capital raise

CALGARY, Alberta, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (“Prospera” or the “Company”) (TSX.V: PEI, OTC: GXRFF, FRA: OF6B, OF6B.SG, OF6B.F, OF6B.BE). Prospera has successfully drilled five horizontal wells of the multi-well infill horizontal development program. Two horizontal wells have commenced production and the remaining three horizontal wells will commence production in the subsequent weeks. Currently, PEI gross production levels are 800boepd with 400boepd behind pipe [Read more]

Peyto announces closing of equity financing

CALGARY, Alberta, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. ("Peyto" or the "Company") is pleased to announce that it has completed its previously announced bought deal equity financing, issuing 16,916,500 subscription receipts (the "Subscription Receipts") at a price of $11.90 per Subscription Receipt for gross proceeds of approximately $201 million (the "Equity Offering"), which included the full exercise of the over-allotment option granted to the [Read more]

International Petroleum Corporation announces results of normal course issuer bid

TORONTO, Sept. 25, 2023 (GLOBE NEWSWIRE) -- International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 254,700 IPC common shares (ISIN: CA46016U1084) during the period of September 18 to 22, 2023 under IPC’s normal course issuer bid / share repurchase program (NCIB). IPC’s NCIB, announced on December 1, 2022, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and [Read more]

Pipestone rebuts latest misleading, false and incoherent arguments from GMT’s Tom Claugus

Pipestone’s extensive 18-month strategic review process considered all alternatives available to Pipestone, including those previously put forward by GMT and companies in which it has an interest, and determined that the combination with Strathcona is in the best interests of Pipestone and the Pipestone Shareholders Today’s Tom Claugus claims, intended to derail this value-unlocking transaction, are even more misleading and incoherent than the earlier arguments from the Atlanta-based hedge [Read more]

Open letter from Tom Claugus, President of GMT Capital Corp., for why he opposes proposed acquisition of Pipestone Energy Corp. (TSX: PIPE) by Strathcona Resources Ltd.

September 21, 2023 14:52 ET| Source: GMT Capital Corp. ATLANTA, Sept. 21, 2023 (GLOBE NEWSWIRE) -- After discussions with shareholders and potential suitors for Pipestone I am providing you with my final update before the shareholder vote on the Strathcona Pipestone merger. We remind you that although the shareholder meeting is on Wednesday, September 27th, 2023 the cut-off for providing your proxies to the transfer agent is 10:00 a.m. Mountain Time on Monday, September 25th. Beneficial [Read more]