Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce an update on its operations and provide corporate guidance for 2023. Corporate Update Over the past year Hemisphere has achieved a number of significant corporate milestones, including the elimination of bank debt, initiation of a quarterly dividend, start-up of a tertiary enhanced oil recovery scheme, and new record production levels. These [Read more]
WesCan Energy announces production update of new well at Provost
Calgary, Alberta - WesCan Energy Corp. (TSXV: WCE) ("WesCan" or the "Company") is providing an update to its recently drilled well at Provost, Alberta as the Company has established a more reliable and stabilized flow rate since the well was placed on production on October 28, 2022. As previously announced on November 22, 2022, the well experienced certain operational delays during the initial stages of production together with the extreme weather conditions that were realized during the [Read more]
Obsidian Energy announces guidance and reserves release date
Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we expect to release our 2023 capital budget and associated guidance after North American markets close on Monday, January 30, 2023. At the same time, we will be providing our intentions regarding continued debt repayment and shareholder return of capital, as well as the results of our independent reserves evaluation for the year ended December 31, 2022, [Read more]
Gear Energy Ltd. Announces December Monthly Update to Shareholders
Calgary, Alberta--(Newsfile Corp. - January 17, 2023) - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") is pleased to announce that the new December 2022 monthly update to shareholders can be accessed via the following link https://gearenergy.com/updates.FOR FURTHER INFORMATION PLEASE CONTACT:Ingram Gillmore President & CEO 403-538-8463David HwangVice President Finance & CFO403-538-8437Email: info@gearenergy.comWebsite: www.gearenergy.comTo view the source version of [Read more]
Altima provides update on Red Earth area wells and pipeline transfer
Vancouver, British Columbia - Altima Resources Ltd. (TSXV: ARH) (FSE: AKC1) (OTC Pink: ARSLF) (the "Company" or the "Altima") announces that the Company has successfully closed on the acquisition and transfer of a key pipeline (the "Pipeline") in the Company's core oil producing area of Red Earth Alberta (the "North Panny Field"). The 9.2 kilometers Pipeline ties the Company's central battery at 3-8-96-5 W5M in the Blue Sky Resources processing facility at 3-11-96-6 W5M. Altima holds an [Read more]
Suncor Energy amends agreement with Elliott Investment Management
Calgary, Alberta - Suncor Energy (TSX: SU) (NYSE: SU) today announced that the agreement dated July 16, 2022 with Elliott Investment Management L.P. (together with its affiliates "Elliott"), has, in the interest of continued cooperation, been amended by the agreement of the parties to extend the right for Elliott to appoint an additional director to the board of Suncor from January 31, 2023 to March 17, 2023. Suncor is Canada's leading integrated energy company. Suncor's operations include [Read more]
Pine Cliff Energy Ltd. confirms monthly dividend for January 31, 2023
Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") confirms a monthly dividend of $0.01083 per common share is to be paid January 31, 2023, to shareholders of record on January 16, 2023. The dividend is designated as an eligible dividend for Canadian income tax purposes. About Pine Cliff Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value. Further information relating to Pine Cliff may be found on [Read more]
Obsidian Energy Announces Extension to Interim President and Chief Executive Officer
Calgary, Alberta--(Newsfile Corp. - January 3, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that is has extended Stephen E. Loukas' employment contract as Interim President and CEO to December 31, 2023. "We are pleased to extend Steve's contract to continue to build on all the exceptional steps that have been taken under his guidance," said Gordon Ritchie, Chair of the Obsidian Energy Board of [Read more]
Gear Energy Ltd. confirms monthly dividend for January of $0.01 per share
Calgary, Alberta - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") confirms that the January 2023 monthly dividend of $0.01 per common share is to be paid on January 31, 2023, to shareholders of record on January 16, 2023. The dividend is designated as an "eligible dividend" for Canadian income tax purposes. FOR FURTHER INFORMATION PLEASE CONTACT: Ingram Gillmore President & CEO 403-538-8463 David Hwang Vice President Finance & [Read more]
Suncor Energy Provides Update on Commerce City Refinery
Calgary, Alberta--(Newsfile Corp. - December 28, 2022) - Suncor Energy (TSX: SU) (NYSE: SU) today provided an update related to its Commerce City refinery. Due to the extreme and record-setting weather impacting much of the United States, including Denver, Colorado, Suncor's Commerce City refinery experienced equipment damage in the days leading up to December 24th, 2022. Consistent with our operational excellence and safe operating practice, on December 24th it was determined that the entire [Read more]
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