Calgary, Alberta--(Newsfile Corp. - December 11, 2023) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our December dividend of $0.06 per common share will be paid on January 15, 2024 to shareholders of record on December 29, 2023. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal is a Canadian oil and [Read more]
Pine Cliff Energy Ltd. announces completion of the offer and mandatory extension period to December 18, 2023
Calgary, Alberta--(Newsfile Corp. - December 8, 2023) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") announces that its offer (the "Offer") to acquire all of the issued and outstanding common shares (the "Common Shares") of Certus Oil and Gas Inc. ("Certus"), a privately held oil and natural gas producer, as previously described in the Pine Cliff press release dated October 31, 2023, has been accepted by holders of Common Shares representing at least 69.7% of [Read more]
Altima grants stock options
Vancouver, British Columbia--(Newsfile Corp. - December 8, 2023) - Altima Resources Ltd. (TSXV: ARH) (FSE: AKC) (OTC Pink: ARSLF) announces the grant of stock options to certain eligible directors, officers and consultants to purchase a total of 4,000,000 common shares. The stock options vest immediately and are exercisable, in whole or in part, on or before December 8, 2028 at an exercise price of $0.05 per share. ON BEHALF OF THE BOARD Richard Barnett, CFO Contact: (604) [Read more]
Suncor Energy announces Kent Ferguson as new Senior Vice President of Strategy, Sustainability and Corporate Development
Calgary, Alberta--(Newsfile Corp. - December 7, 2023) - Suncor (TSX: SU) (NYSE: SU) announced today that Kent Ferguson will be joining the company in January 2024 as Senior Vice President, Strategy, Sustainability and Corporate Development, reporting directly to Rich Kruger, President and CEO. The appointment of Kent concludes the reconfiguration of Suncor's executive leadership team. Kent brings over 25 years of energy industry experience to the role, including an extensive understanding of [Read more]
Baytex announces 2024 budget and five-year outlook with continued focus on free cash flow generation and shareholder returns
Calgary, Alberta--(Newsfile Corp. - December 6, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") announces that its Board of Directors has approved a budget for 2024 exploration and development expenditures of $1.2 to $1.3 billion, which is designed to generate average annual production of 150,000 to 156,000 boe/d. "Our 2024 budget and five-year outlook demonstrates the strength of our diversified oil-weighted portfolio in western Canada and the Eagle Ford shale in Texas. In [Read more]
Saturn Oil & Gas Inc. announces its first development of Cardium and Bakken light oil and the highest initial production rates on new Frobisher wells to date
Calgary, Alberta--(Newsfile Corp. - December 5, 2023) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce the initial production results for its most recently drilled 13 gross (11.4 net) wells, including Saturn's first development of Alberta Cardium and Saskatchewan Bakken light oil targets. Saturn has continued its success in the development of its deep inventory of locations in Southeast Saskatchewan including the best [Read more]
Suncor Energy announces 2024 corporate guidance
All financial figures are in Canadian dollars, unless noted otherwise Upstream production of 770,000 - 810,000 barrels per day, approximately 7% higher than 2023 Refining capacity utilization strong at an expected 92% to 96% Fort Hills three-year improvement plan on target, with opportunities to further increase value Capital program to deliver shareholder value, pursuing investments to improve competitiveness Focus on continuing to reduce overall cost structure, increasing [Read more]
Lycos Energy Inc. announces increase to credit facility
Calgary, Alberta--(Newsfile Corp. - December 4, 2023) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce that it has entered into an amending agreement with the National Bank of Canada to increase its existing revolving credit facility from $35.0 million to $50.0 million. The credit facility provides added financial flexibility to support the Company's growth. About Lycos Lycos is an oil-focused, exploration, development and production company based in [Read more]
Coelacanth Energy Inc. announces grant of stock options and restricted share units
Calgary, Alberta--(Newsfile Corp. - December 1, 2023) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan to acquire up to an aggregate of 2,101,800 common shares ("Common Shares") of the Corporation and the granting of restricted share units ("RSUs") under its restricted share unit plan to obtain up to an aggregate of 1,050,900 Common Shares to certain [Read more]
Pine Cliff Energy Ltd. declares monthly dividend for December 29, 2023
Calgary, Alberta--(Newsfile Corp. - December 1, 2023) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.01083 per common share to be paid December 29, 2023, to shareholders of record on December 15, 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. [Read more]
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