BOE Report

Suncor Energy releases 2022 report on sustainability and climate report

Calgary, Alberta - Suncor (TSX: SU) (NYSE: SU) released its 2022 Report on Sustainability and Climate Report today. The reports highlight how Suncor is working to achieve exceptional environmental, social and governance (ESG) performance, and share Suncor's actions on sustainable energy development, emphasizing the progress made to accelerate GHG reductions to reach net-zero by 2050 while increasing shareholder returns. Guided by its purpose of providing trusted energy that enhances people's [Read more]

TransGlobe Energy Corporation operations update

Calgary, Alberta - TransGlobe Energy Corporation (TSX: TGL) (NASDAQ: TGA) (AIM: TGL) ("TransGlobe" or the "Company") announces an operations update. All dollar values are expressed in US dollars unless otherwise stated. OVERVIEW Production averaged 12.1 MBoepd in Q2, 2022 to 11 June (See "Oil & Gas Advisories" for production by product type); Full Canadian production restored in May following completion of planned maintenance at a major processing plant owned by a third party. [Read more]

Obsidian Energy announces voting results from the 2022 annual and special meeting of shareholders

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that at its annual and special meeting of shareholders held on June 16, 2022, Obsidian Energy's shareholders approved all resolutions outlined in the Notice of 2022 Annual and Special Meeting and Management Proxy Circular dated May 4, 2022 (the "Information Circular"), which is available on SEDAR at www.sedar.com, on EDGAR at www.sec.gov, and on [Read more]

Gear Energy Ltd. announces May monthly update to shareholders

Calgary, Alberta - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") is pleased to announce that the new May 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 403-538-8463 David Hwang Vice President Finance & CFO 403-538-8437 Email: info@gearenergy.com Website: www.gearenergy.com [Read more]

Obsidian Energy announces expanded 2022 development program, increased 2022 guidance, and preliminary 2023 forecast

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an operational update on the success of our 2022 first half development program, as well as announce an expanded second half development program, increased 2022 guidance and a preliminary forecast for 2023. The first half 2022 development program resulted in significant production growth for the Company from our Willesden Green, Pembina, and [Read more]

Key oil sands groups join forces under pathways alliance banner

Calgary, Alberta - Canada's major oil sands producers today announced the combination of three existing industry groups, all focused on responsible development, into a single organization called the Pathways Alliance. The new organization incorporates the Oil Sands Pathways to Net Zero Alliance, launched in 2021, Canada's Oil Sands Innovation Alliance (COSIA), created in 2012, and the Oil Sands Community Alliance (OSCA), created in 2013. To lead the integration and work of the new Pathways [Read more]

Hemisphere Energy announces AGM results

Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") announces the results of its annual general meeting of shareholders (AGM) held Tuesday June 09, 2022. A total of 18,667,159 common shares were voted, representing 18.50 percent of total shares issued and outstanding as at the record date of the meeting. Shareholders voted in favour of all items put forward by the board of directors and management. All six individuals [Read more]

Saturn Oil & Gas Inc. announces closing of $75 million bought deal offering (including full exercise over-allotment option) and proposed $3 million non-brokered offering

Calgary, Alberta - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to announce that, further to the Company's May 31, 2022 press release, it has closed its previously announced bought deal offering of subscription receipts, including full exercise of the over-allotment option (the "Bought Deal Offering"). Pursuant to the Bought Deal Offering, the Company issued a total of 27,181,860 subscription receipts ("Subscription Receipts") at a price of $2.75 per [Read more]

Altima Resources closes equity financing for gross proceeds of $300,000

Vancouver, British Columbia - Altima Resources Ltd. (TSXV: ARH) ("Altima" or the "Company") announces that it has closed the private placement announced in a News Release dated May 25, 2022. On June 8, 2022, the Company received acceptance from the TSX Venture Exchange to close the private placement. In accordance with the provisions of the Subscription Agreements, on June 8, 2022, the Company issued a total of 6,000,000 Units at $0.05 per Unit as follows: 6,000,000 Units, each Unit [Read more]

Hemisphere Energy announces inaugural variable dividend, renewed credit facility, increased guidance, and operations update

Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide an update on its renewed credit facility, operations, revised annual guidance, and return to shareholder plan. Credit Facility Hemisphere has completed the renewal of its extendible two year committed term facility with ATB Financial, providing for borrowings of up to $35,000,000 (the "Credit Facility"). As was announced with the latest quarterly [Read more]