BOE Report

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 12.4 MBoepd in Q1, 2022 (See "Oil & Gas Advisories" for production by product type); Two 100% working interest (one 2-mile, one 1-mile) Canada Harmattan horizontal Cardium reservoir development wells were drilled in Q1, 2022; [Read more]

Suncor Energy strengthens its focus on hydrogen and renewable fuels for energy expansion

Calgary, Alberta - In addition to driving shareholder returns through its core business, Suncor (TSX: SU) (NYSE: SU) will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050. Optimizing the portfolio to drive shareholder returns and continue to reduce emissions requires focus and discipline. Therefore, Suncor plans to divest its wind and solar assets. "While Suncor is in the fortunate position of being long on [Read more]

TransGlobe Energy Corporation announces Board of Directors changes

Calgary, Alberta - TransGlobe Energy Corporation (TSX: TGL) (NASDAQ: TGA) (AIM: TGL) ("TransGlobe" or the "Company") announces changes to the Company's Board of Directors. CHANGES TO THE BOARD OF DIRECTORS Retiring Director As part of the Board succession plan and following the appointment of Ms. Jennifer Kaufield to TransGlobe's Board of Directors in January 2022, Mr. Steven Sinclair chose to retire from the Board effective March 25, 2022. Ms. Kaufield has assumed the role of Audit [Read more]

Suncor Energy names Peter Zebedee as the Executive Vice President of Mining and Upgrading

Calgary, Alberta - Suncor (TSX: SU) (NYSE: SU) today announced the appointment of Peter Zebedee as the executive vice president of Mining and Upgrading, effective April 11, 2022. Peter comes to Suncor from LNG Canada where he had been seconded by Shell as the chief executive officer since 2019. Prior to his secondment into the LNG Canada joint venture, Peter's last position with Shell was vice president Canada Manufacturing and general manager Scotford. As the executive vice president, [Read more]

Saturn Oil & Gas Inc. announces successful drilling results at Oxbow asset

Calgary, Alberta - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to provide the preliminary results of its light oil development program at its Oxbow Asset in Southeast Saskatchewan, for wells initiated in November 2021 and completed in January 2022. The Company drilled six horizontal wells targeting the Frobisher formation in the Glen Ewen area of Southeast Saskatchewan, where it achieved a 100% success rate and strong aggregate initial flow rates. [Read more]

Suncor Energy’s Executive Vice President of Mining and Upgrading retiring

Calgary, Alberta - Suncor (TSX: SU) (NYSE: SU) today announced that Mike MacSween, the current executive vice president, Mining and Upgrading, is retiring early from Suncor on April 14, 2022. As the executive vice president, Mining and Upgrading, Mike has led all of Suncor's mining and upgrading operations, including Syncrude. He has also overseen Suncor's involvement with the Regional Municipality of Wood Buffalo community. "I would like to thank Mike for his leadership through [Read more]

Leucrotta Exploration announces update on business plan including gas processing and mica battery funding arrangements, expansion of Mica Project into Alberta, and commencement of drilling program

Calgary, Alberta - Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") has previously announced a Plan to reach 30,000 boepd within a five-year time frame. The accomplishments outlined below will assist in accelerating the development and provide greater clarity on funding and timeline to achieve those goals: Gas processing arrangement noted below along with currently owned facilities provides Leucrotta with enough gas processing to reach an interim goal of approximately [Read more]

TransGlobe Energy Corporation announces year end 2021 financial and operating results

Calgary, Alberta - TransGlobe Energy Corporation (AIM: TGL) (TSX: TGL) (NASDAQ: TGA) ("TransGlobe" or the "Company") is pleased to announce its financial and operating results for the three months and year ended December 31, 2021. All dollar values are expressed in United States dollars unless otherwise stated. TransGlobe's Consolidated Financial Statements together with the notes related thereto, as well as TransGlobe's Management's Discussion and Analysis for the years ended December 31, 2021 [Read more]

Leucrotta Exploration announces 2021 year-end reserves

Calgary, Alberta - Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its 2021 year-end reserves as independently evaluated by GLJ Ltd. ("GLJ") effective December 31, 2021 (the "GLJ Report"), in accordance with National Instrument 51-101 ("NI 51-101") and the Canadian Oil and Gas Evaluation ("COGE") Handbook. All dollar figures are Canadian dollars unless otherwise noted. Introduction During 2021, Leucrotta made the strategic decision to sell its [Read more]

Hemisphere Energy grows proved reserve value by 63% to $276 million and proved net asset value to $2.43 per fully diluted share

Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce highlights from its independent reserves evaluation (the "Reserve Report"), prepared by McDaniel & Associates Consultants Ltd. ("McDaniel") and effective as at December 31, 2021. In 2021, Hemisphere invested $12 million in its Atlee Buffalo core area, including drilling seven wells, implementing a polymer flood in the Upper Mannville G oil pool ("G [Read more]