BOE Report

Obsidian Energy announces increase to syndicated credit facility, results of Viking drilling and update on Alberta wildfires

Calgary, Alberta--(Newsfile Corp. - May 31, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces an increase to our syndicated credit facility and provides an update on both the results of our first half 2023 Viking drilling program and the expected impact of Alberta wildfires on production and funds flow from operations. With the addition of the Industrial and Commercial Bank of China (Canada) to our banking syndicate, [Read more]

Hemisphere Energy revises dividend record date for quarterly dividend

Vancouver, British Columbia--(Newsfile Corp. - May 30, 2023) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") announces today that the Company has changed the previously announced record date for its quarterly cash dividend of C$0.025 per common share to be payable to the shareholders of record as of the close of business on June 7, 2023, from the shareholders of record as of the close of business on June 1, 2023. The dividend will continue to be payable [Read more]

Baytex restarts production following Alberta wildfires

Calgary, Alberta - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") is pleased to advise that we have brought back onstream the full 24,000 boe/d of production that was shut-in as a result of the Alberta wildfires. There was no damage to our assets or infrastructure. We estimate that production was curtailed by approximately 12,500 boe/d for the month of May. Wildfires remain active in our operating areas and we continue to monitor the situation closely. Baytex is incredibly proud of how [Read more]

Cypress Hills Resource Corp. provides update on $1.35 million non-brokered private placement financing

Vancouver, British Columbia--(Newsfile Corp. - May 29, 2023) - Cypress Hills Resource Corp. (TSXV: CHY) (the "Company") announces that further to its press release of April 17, 2023, the non-brokered private placement (the "Private Placement") of up to 15,000,000 shares at a price of C$0.09 per share remains ongoing and, subject to TSX Venture Exchange ("Exchange") approval, is expected to close at the end of June 2023. Proceeds of the Private Placement will be used for additional project [Read more]

Suncor Energy provides update on acquisition of TotalEnergies’ Canadian operations

Calgary, Alberta--(Newsfile Corp. - May 26, 2023) - Suncor Energy (TSX: SU) (NYSE: SU) ("Suncor") announced that it has been notified that ConocoPhillips Canada ("ConocoPhillips") has elected to exercise their right of first refusal with respect to TotalEnergies' 50% working interest in the Surmont asset. Suncor's agreement to close the transaction to acquire TotalEnergies' Canadian operations was conditional upon ConocoPhillips waiving its right of first refusal in respect of the Surmont [Read more]

WesCan Energy announces appointment of new director

Calgary, Alberta--(Newsfile Corp. - May 25, 2023) - WesCan Energy Corp. (TSXV: WCE) ("WesCan" or the "Company") is pleased to announce the appointment of Leo Berezan to the Board of Directors of the Company effective May 25, 2023. Mr. Berezan is a Vancouver-based businessman and major shareholder of the Company. He has extensive real estate holdings in British Columbia, Alberta and Manitoba as well as in the Dallas/Fort Worth area of Texas. He has also been a director and co-owner of R.M. [Read more]

Altima appoints technical advisors

Vancouver, British Columbia - Altima Resources Ltd. (TSXV: ARH) (OTC Pink: ARSLF) (FSE: AKC1) ("Altima" or the "Company") is pleased to announce the appointment of Dr. Sabin Boily. And Dr. Bob Mummery to the Board of Technical Advisors. Joe DeVries, President and CEO stated, "We look forward to continuing to build a team that will help us commercialize the exciting H2SX hydrogen production technology while the Company continues to move forward in targeting prospective energy fields for both [Read more]

Hemisphere Energy announces 2023 first quarter results, declares quarterly dividend, renews credit facility, and provides operations update

Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") provides its financial and operating results for the first quarter ended March 31, 2023, declares a quarterly dividend payment to shareholders, renews credit facility, and provides operations update. Q1 2023 Highlights Produced a record quarterly average of 3,171 boe/d, a 20% increase over the first quarter of 2022. Attained quarterly revenue of $18.7 million. [Read more]

Coelacanth announces Q1 2023 financial and operating results

Calgary, Alberta - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2023. All dollar figures are Canadian dollars unless otherwise noted. Financial and operational results below present the carved-out historic financial position, results of operations and cash flows of Leucrotta's Two Rivers Assets for all prior periods up to and including May 31, 2022 and the results of [Read more]

Obsidian Energy Alberta wildfire update: Additional fields coming back online

Calgary, Alberta--(Newsfile Corp. - May 23, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an update on the status of our operations impacted by recent Alberta wildfires. Widespread rain over the weekend in Alberta helped to slow wildfire spread, bringing relief to some local communities. As a result, we have restored or are currently restoring approximately 5,650 boe/d of operated and non-operated [Read more]