Calgary, Alberta - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") is pleased to provide the following fourth quarter operating results and reserves summary to shareholders. Gear's Consolidated Financial Statements and related Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2021 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Three months ended Year ended (Cdn$ thousands, except [Read more]
Pine Cliff Energy Ltd. announces 2021 year-end reserves and provides operations update and 2022 guidance
Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") announces its 2021 year-end reserves and provides an operations update and 2022 guidance. Reserve Report Highlights Pine Cliff's independent reserve report was prepared by McDaniel & Associates Limited ("McDaniel") in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101") with the effective date of December 31, 2021. Highlights of the McDaniel [Read more]
Silk Road Energy appoints a new interim CFO
Calgary, Alberta - Silk Road Energy Inc. (TSXV: SLK.H) the "Company" or "Silk Road") reports that the CFO, Mr. Derrick Colling, has resigned from the Company. Mr. Colling has resigned in order to pursue other business opportunities. "Derrick has been with us since the beginning in 2014," said Director, Michael C. Judson. "He has done an excellent job and has been vital in the process of rebuilding Silk Road. We thank him and wish him well in his new endeavours." Ms. Nathalie Kavanagh has [Read more]
Hemisphere Energy provides operations update with four new wells on production
Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce an update on its operations. During the first half of January, Hemisphere brought four new Atlee F pool wells online that had been drilled at the end of the fourth quarter. Corporate production including these new wells has averaged approximately 2,635 boe/d over the past two weeks (99% heavy crude oil; based on field estimates between Jan 23rd - Feb [Read more]
Obsidian Energy announces 2021 reserves value increase of over 50 percent with year-end reserves report
Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy" or the "Company") is pleased to announce its independent reserves evaluation for the year ended December 31, 2021, prepared by Sproule Associates Limited ("Sproule"). "The results of our 2021 reserves report speak to the strength of our assets and our technical teams," said Stephen Loukas, Obsidian Energy's Interim President and CEO. "We had an active year with the expansion of a very successful capital [Read more]
Saturn Oil & Gas Inc. Announces Adoption of RSU/DSU Plan
Calgary, Alberta - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") announces that the board of directors of the Company adopted a restricted share unit and deferred share unit (collectively "RSUs/DSUs") plan (the "RSU/DSU Plan"). In addition, the Company anticipates amending its current 20% fixed option plan into a new 10% rolling stock option plan (the "Amended Stock Option Plan") at its next meeting of shareholders. The maximum number of RSUs/DSUs issuable [Read more]
Suncor Energy reports fourth quarter 2021 results
Calgary, Alberta - "Suncor (TSX: SU) (NYSE: SU) generated $3.1 billion, or $2.17 per common share, in adjusted funds from operations during the fourth quarter of 2021, despite operational challenges late in the quarter. These results represent the highest quarterly adjusted funds from operations in the company's history and an 11% increase on a per common share basis compared to the last per share quarterly record," said Mark Little, president and chief executive officer. "Our increased cash [Read more]
Suncor Energy declares dividend
Calgary, Alberta - Suncor Energy's (NYSE: SU) (TSX: SU) Board of Directors has approved a quarterly dividend of $0.42 per share on its common shares, payable March 25, 2022 to shareholders of record at the close of business on March 4, 2022. Suncor Energy is Canada's leading integrated energy company, with a global team of over 30,000 people. Suncor's operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the US, and our [Read more]
Canadian Natural Resources Limited provides an update on sustainability reporting
Calgary, Alberta - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) ("Canadian Natural" or the "Company") is providing an update on its 2021 sustainability reporting for Environmental, Social and Governance ("ESG") performance. Canadian Natural has been producing its sustainability report, the Stewardship Report to Stakeholders, since 2004 to report on our ongoing commitment to environmental performance, social responsibility and continuous improvement. This report provides a [Read more]
Transglobe Energy Corporation announces its 2022 capital budget & 2022 production guidance
Calgary, Alberta - TransGlobe Energy Corporation (AIM: TGL) (TSX: TGL) (NASDAQ: TGA) ("TransGlobe" or the "Company") announces its 2022 capital budget and production guidance. All dollar values are expressed in US dollars unless otherwise stated. 2022 BUDGET HIGHLIGHTS 2022 capital budget of $57.7MM (before capitalized G&A); Egypt $33.1MM Canada $24.6MM Investment is spread evenly throughout the year and 2022 average production guidance is set at 12.4 to 13.4 MBoepd [Read more]
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