Calgary, Alberta--(Newsfile Corp. - August 28, 2023) - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is pleased to announce that it has completed an additional closing ("Closing") of its private placement financing (the "Offering") and a change of auditors. Change of Auditors: Blacksteel has made the decision to engage Kenway Mack Slusarchuk Stewart LLP for audit services including for the year end of April 30, 2023. Blacksteel looks forward to working with KMSS given their [Read more]
Lycos Energy Inc. announces Q2 2023 financial results, operations update, strategic acquisition and share consolidation
Calgary, Alberta--(Newsfile Corp. - August 24, 2023) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce that it has entered into a definitive agreement (the "Acquisition Agreement") to acquire Wyatt Resources Ltd. ("Wyatt"), a privately-held, heavy oil producer and that the Company will be proceeding with the consolidation (the "Consolidation") of its common shares (the "Lycos Shares") on the basis of eight (8) pre-Consolidation Lycos Shares for each one (1) [Read more]
Hemisphere Energy announces 2023 second quarter results, declares quarterly dividend, and provides operations update
Vancouver, British Columbia--(Newsfile Corp. - August 24, 2023) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") provides its financial and operating results for the three and six months ended June 30, 2023, declares a quarterly dividend payment to shareholders, and provides an operations update. Q2 2023 Highlights Produced an average of 2,883 boe/d for the quarter and 3,026 boe/d for the six months ended June 30, 2023, a 9% increase over the [Read more]
Coelacanth announces Q2 2023 financial and operating results
Calgary, Alberta--(Newsfile Corp. - August 24, 2023) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2023. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Received regulatory approval to drill and complete up to 14 wells on its 5-19 pad at Two Rivers East. Drilling of the first 5-well pad is expected to commence in Q3 2023. Drilled [Read more]
Gear Energy Ltd. announces July monthly update to shareholders
Calgary, Alberta--(Newsfile Corp. - August 21, 2023) - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) is pleased to announce that the new July 2023 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 To [Read more]
Obsidian Energy completes offer to purchase $5.0 million of its outstanding senior unsecured notes
Calgary, Alberta--(Newsfile Corp. - August 17, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced completion of its previously announced offer (the "Offer") to purchase for cash, up to an aggregate amount of $5.0 million of our outstanding 11.95 percent Senior Unsecured Notes due July 27, 2027 (the "Notes"). The Offer expired on August 14, 2023, and was made on the terms and subject to the conditions set forth in [Read more]
Suncor Energy declares dividend
All financial figures are in Canadian dollars. Calgary, Alberta--(Newsfile Corp. - August 14, 2023) - Suncor Energy's (TSX: SU) (NYSE: SU) Board of Directors has approved a quarterly dividend of $0.52 per share on its common shares, payable Sept. 25, 2023 to shareholders of record at the close of business on Sept. 1, 2023. Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development, production and upgrading, offshore oil and gas [Read more]
Suncor Energy reports second quarter 2023 results
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company's condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting Standard (IAS) 34 Interim Financial Reporting. Production [Read more]
Suncor Energy announces executive leadership team changes
Calgary, Alberta--(Newsfile Corp. - August 14, 2023) - Suncor (TSX: SU) (NYSE: SU) announced today a series of changes to its executive leadership team. The changes are designed to drive greater clarity, simplicity and focus on corporate strategy, business fundamentals, execution excellence and sustainability. Following the retirement of three senior executives, the company's leadership team reporting to Rich Kruger, President and Chief Executive Officer will include: Kris Smith, Chief [Read more]
Saturn Oil & Gas Inc. reports Q2 2023 financial and operational results highlighted by record quarterly production and adjusted funds flow
Calgary, Alberta--(Newsfile Corp. - August 14, 2023) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to report its financial and operating results for the three and six months ended June 30, 2023. "The three months ended June 30, 2023 represent the first full quarter of positive contribution from the recently completed acquisition of Ridgeback which has driven record quarterly production and cash flow,(1)" commented John Jeffrey, Chief [Read more]
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