BOE Report

Obsidian Energy announces guidance and reserves release date

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we expect to release our 2023 capital budget and associated guidance after North American markets close on Monday, January 30, 2023. At the same time, we will be providing our intentions regarding continued debt repayment and shareholder return of capital, as well as the results of our independent reserves evaluation for the year ended December 31, 2022, [Read more]

Gear Energy Ltd. Announces December Monthly Update to Shareholders

Calgary, Alberta--(Newsfile Corp. - January 17, 2023) - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") is pleased to announce that the new December 2022 monthly update to shareholders can be accessed via the following link https://gearenergy.com/updates.FOR FURTHER INFORMATION PLEASE CONTACT:Ingram Gillmore President & CEO 403-538-8463David HwangVice President Finance & CFO403-538-8437Email: info@gearenergy.comWebsite: www.gearenergy.comTo view the source version of [Read more]

Altima provides update on Red Earth area wells and pipeline transfer

Vancouver, British Columbia - Altima Resources Ltd. (TSXV: ARH) (FSE: AKC1) (OTC Pink: ARSLF) (the "Company" or the "Altima") announces that the Company has successfully closed on the acquisition and transfer of a key pipeline (the "Pipeline") in the Company's core oil producing area of Red Earth Alberta (the "North Panny Field"). The 9.2 kilometers Pipeline ties the Company's central battery at 3-8-96-5 W5M in the Blue Sky Resources processing facility at 3-11-96-6 W5M. Altima holds an [Read more]

Suncor Energy amends agreement with Elliott Investment Management

Calgary, Alberta - Suncor Energy (TSX: SU) (NYSE: SU) today announced that the agreement dated July 16, 2022 with Elliott Investment Management L.P. (together with its affiliates "Elliott"), has, in the interest of continued cooperation, been amended by the agreement of the parties to extend the right for Elliott to appoint an additional director to the board of Suncor from January 31, 2023 to March 17, 2023. Suncor is Canada's leading integrated energy company. Suncor's operations include [Read more]

Pine Cliff Energy Ltd. confirms monthly dividend for January 31, 2023

Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") confirms a monthly dividend of $0.01083 per common share is to be paid January 31, 2023, to shareholders of record on January 16, 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. Further information relating to Pine Cliff may be found on [Read more]

Obsidian Energy Announces Extension to Interim President and Chief Executive Officer

Calgary, Alberta--(Newsfile Corp. - January 3, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that is has extended Stephen E. Loukas' employment contract as Interim President and CEO to December 31, 2023. "We are pleased to extend Steve's contract to continue to build on all the exceptional steps that have been taken under his guidance," said Gordon Ritchie, Chair of the Obsidian Energy Board of [Read more]

Gear Energy Ltd. confirms monthly dividend for January of $0.01 per share

Calgary, Alberta -  Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") confirms that the January 2023 monthly dividend of $0.01 per common share is to be paid on January 31, 2023, to shareholders of record on January 16, 2023. The dividend is designated as an "eligible dividend" for Canadian income tax purposes. FOR FURTHER INFORMATION PLEASE CONTACT: Ingram Gillmore President & CEO 403-538-8463 David Hwang Vice President Finance & [Read more]

Suncor Energy Provides Update on Commerce City Refinery

Calgary, Alberta--(Newsfile Corp. - December 28, 2022) - Suncor Energy (TSX: SU) (NYSE: SU) today provided an update related to its Commerce City refinery. Due to the extreme and record-setting weather impacting much of the United States, including Denver, Colorado, Suncor's Commerce City refinery experienced equipment damage in the days leading up to December 24th, 2022. Consistent with our operational excellence and safe operating practice, on December 24th it was determined that the entire [Read more]

Suncor Energy Provides Update on Acquisition of Teck’s Interest in Fort Hills

Calgary, Alberta--(Newsfile Corp. - December 23, 2022) - Suncor Energy (TSX: SU) (NYSE: SU) ("Suncor") announces that it has been made aware of an application that has been filed today by TotalEnergies EP Canada Ltd. ("Total") in the Court of King's Bench of Alberta related to the validity of the right of first refusal notice ("ROFR Notice") delivered to it by Teck Resources Limited ("Teck") in connection with the sale of Teck's 21.3% interest in Fort Hills to Suncor. Suncor supports Teck's [Read more]

Hemisphere Energy Announces Drilling Program

Vancouver, British Columbia--(Newsfile Corp. - December 19, 2022) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to report that it has commenced a two-well drilling program in the Atlee Buffalo area of southeast Alberta. With service cost increases and labour shortages continuing to impact the industry, Hemisphere has taken advantage of an available rig at lower rates to accelerate its first quarter drilling program to December. While [Read more]