BOE Report

Saturn Oil & Gas Inc. announces successful drilling results at Oxbow asset and increases 2022 guidance

Calgary, Alberta - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn or the "Company") is pleased to provide follow-on results from its light oil development program for the Oxbow Asset and announces the board of directors of the Company (the "Board") has increased the capital expenditures budget for 2022, along with revising upward operational and financial guidance for the year. Oxbow Asset Drilling Update The Company drilled 12 horizontal wells in Q4 2021 and Q1 2022, [Read more]

Petrox announces proposed share consolidation

Calgary, Alberta - Petrox Resources Corp. (TSXV: PTC) (the "Corporation" or "Petrox") announces details of its proposal to consolidate all of the issued and outstanding Common Shares of the Corporation on an up to five to one (5:1) basis (the "Consolidation"). The Corporation's common shares trade on the TSX Venture Exchange (the "Exchange"). The policies of the Exchange may require that an issuer consolidate its common shares in the event that the issuer completes a private placement at an [Read more]

TransGlobe Energy Corporation announces AGM voting results and confirmation of Board Changes

Calgary, Alberta - TransGlobe Energy Corporation (TSX: TGL) (NASDAQ: TGA) (AIM: TGL) ("TransGlobe" or the "Company") announces its AGM voting results. The following sets forth a brief description of each matter voted upon at the annual general meeting (the "Meeting") of the holders of common shares of TransGlobe Energy Corporation ("TransGlobe" or the "Company") held on May 11, 2022 and the outcome of the vote: Description of Matter Outcome of Vote Votes For (ballots [Read more]

TransGlobe Energy Corporation announces first quarter 2022 financial and operating results for the three months ended March 31, 2022

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 ended March 31, 2022. All dollar values are expressed in United States dollars unless otherwise stated. TransGlobe's Condensed Consolidated Financial Statements together with the notes related thereto, as well as TransGlobe's Management's Discussion and Analysis for the three months ended March 31, [Read more]

Suncor Energy reports first quarter 2022 results

Calgary, Alberta--(Newsfile Corp. - May 9, 2022) - "In the first quarter of 2022, Suncor (TSX: SU) (NYSE: SU) generated the highest quarterly adjusted funds from operations in the company's history of $4.1 billion, or $2.86 per share, including record adjusted funds from operations from our Oil Sands assets, as commodity prices increased," said Mark Little, president and chief executive officer. "Our increased cash flows enabled us to reduce net debt by $728 million and return over $1.4 billion [Read more]

Saturn Oil & Gas Inc. reports record production levels in Q1 2022 results

Calgary, Alberta - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to report its financial and operating results for the three months ended March 31, 2022. "The first quarter of 2022 was another record period for production for Saturn, generating $16.3 million in EBITDA(1)," commented John Jeffrey, Saturn's CEO. "With March 2022 production reaching 7,600 boe/d, Saturn is on pace to meet or exceed the guidance of production averaging 7,800 to 8,200 [Read more]

Canadian Natural Resources Limited announces 2022 first quarter results

Calgary, Alberta - Commenting on the Company's first quarter 2022 results, Tim McKay, President of Canadian Natural (TSX: CNQ) (NYSE: CNQ), stated, "Our world class asset base is one of our key strengths, which is strategically balanced across commodity types so we can capture opportunities throughout the commodity price cycle. This drove total corporate quarterly production of approximately 1,280 MBOE‍/‍d in Q1/22, including record natural gas production of over 2.0 Bcf/d, an increase of [Read more]

Pine Cliff Energy Ltd. announces record quarterly results, declaration of monthly dividend, debt repayment and operational update

Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") announces record first quarter financial and operating results, the declaration of a monthly dividend, repayment of debt and an operational update. First Quarter 2022 Highlights Pine Cliff's adjusted funds flow of $32.3 million generated during the first quarter of 2022 was the highest quarterly adjusted funds flow for the Company since inception. Highlights from the first quarter include: [Read more]

Kelt reports financial and operating results for the three months ended March 31, 2022

Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") reports its financial and operating results to shareholders for the first quarter ended March 31, 2022. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended March 31 (CA$ thousands, except as otherwise indicated) 2022 2021 %           Petroleum and natural gas sales 138,446 59,835 131 Cash provided by operating [Read more]

Canadian Natural Resources Limited announces quarterly dividend

Calgary, Alberta - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announces that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.75 (seventy five cents) per common share. The dividend will be payable on July 5, 2022 to shareholders of record at the close of business on June 17, 2022. Canadian Natural's growing an sustainable dividend demonstrates the confidence that the Board of Directors has in the sustainability of our business model, the [Read more]