BOE Report

WesCan Energy acquires additional lands at Provost

Calgary, Alberta - WesCan Energy Corp. (TSXV: WCE) ("WesCan" or the "Company") is pleased to announce that it has successfully closed the acquisition of additional lands within the Company's core area at Provost, Alberta. Further to the Company's news release on January 19, 2023, wherein, the overall drilling operations and related production from the success of the "new" well provided valuable geological data that was supportive of continuing its preliminary work for a second multi-leg [Read more]

Blacksteel Energy Inc. announces signing of definitive agreement to acquire Drakkar Energy, financing progress and operational update

Calgary, Alberta - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is pleased to announce that it has signed an agreement (the "Definitive Agreement") for the acquisition of all of the shares of Drakkar Energy Ltd. ("Drakkar") and has completed an additional tranche of its private placement financing (the "Financing") of common and flow through shares. Signing of Definitive Agreement with Drakkar Energy Ltd. The Definitive Agreement involves a three-cornered amalgamation of [Read more]

Saturn Oil & Gas Inc. announces listing of subscription receipts on TSXV

Calgary, Alberta - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to announce that, further to the Company's January 31, 2023 press release, the Subscription Receipts (as defined below) will be listed for trading on the TSX Venture Exchange under the symbol "SOIL.R" effective at the opening of markets on February 3, 2023. On January 31, 2023, the Company closed its previously announced bought deal offering (the "Bought Deal Offering") and issued a [Read more]

Suncor closes purchase of additional interest in Fort Hills project

Calgary, Alberta - Suncor Energy (TSX: SU) (NYSE: SU) today announced that it has closed the transaction to purchase an additional 14.65% working interest in the Fort Hills Project from Teck Resources Limited ("Teck"). As announced by TotalEnergies on January 27, 2023, TotalEnergies EP Canada Ltd. has provided notice of the exercise of its contractual right of first refusal to acquire the remaining 6.65% of Teck's interest. "I'm pleased to increase our ownership in the Fort Hills Project," [Read more]

Pine Cliff Energy Ltd. confirms monthly dividend for February 28, 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 February 28, 2023, to shareholders of record on February 15, 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]

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

Calgary, Alberta - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") confirms that the February 2023 monthly dividend of $0.01 per common share is to be paid on February 28, 2023, to shareholders of record on February 15, 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]

Hemisphere Energy declares dividend

Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce that its board of directors has approved a quarterly cash dividend of $0.025 per common share in accordance with the Company's variable dividend policy. The dividend will be paid February 21, 2023 to shareholders of record as of the close of business on February 10, 2023. The dividend is designated as an eligible dividend for income tax purposes. About [Read more]

Obsidian Energy Announces 2023 Guidance and Significant 2022 Reserves Value Increase with Year-End Reserves Report

• 2023 capital expenditures includes development and exploration/appraisal programs with optionality for second half expansion • 46 well development program across all core areas in 2023 expected to generate seven percent growth in production over 2022 and significant free cash flow at WTI US$80/bbl • Board approves share buyback program for up to 10 percent of shares outstanding • Reserve replacement of 144 percent, 214 percent and 393 percent of 2022 production on a proved developed [Read more]

Hemisphere Energy provides operations update and 2023 corporate guidance

Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce an update on its operations and provide corporate guidance for 2023. Corporate Update Over the past year Hemisphere has achieved a number of significant corporate milestones, including the elimination of bank debt, initiation of a quarterly dividend, start-up of a tertiary enhanced oil recovery scheme, and new record production levels. These [Read more]

WesCan Energy announces production update of new well at Provost

Calgary, Alberta - WesCan Energy Corp. (TSXV: WCE) ("WesCan" or the "Company") is providing an update to its recently drilled well at Provost, Alberta as the Company has established a more reliable and stabilized flow rate since the well was placed on production on October 28, 2022. As previously announced on November 22, 2022, the well experienced certain operational delays during the initial stages of production together with the extreme weather conditions that were realized during the [Read more]