BOE Report

Suncor Energy announces CEO transition

Mark Little to step down, effective immediately Kris Smith appointed Interim CEO Board begins global search for next CEO Calgary, Alberta - Suncor (TSX: SU) (NYSE: SU) announced on July 8 2022 that the Board of Directors and chief executive officer Mark Little have mutually agreed that Mr. Little will step down as president and chief executive officer and resign from the Board, effective immediately. Kris Smith, who is currently executive vice president, Downstream, has been named [Read more]

Suncor Energy responds to fatality at Base Plant Mine

Calgary, Alberta - Suncor regretfully reports that a contractor worker was fatally injured this morning at our Base Plant site north of Fort McMurray, Alberta. Suncor Emergency Services responded to an incident at a shovel maintenance pad in the mine early this morning where a Komatsu employee was pronounced deceased at the scene. "This is an incredibly sad and difficult day, and I offer my condolences to the family, friends and co-workers of the individual," said Mark Little, Suncor [Read more]

Hemisphere Energy announces normal course issuer bid renewal

Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce that the TSX Venture Exchange (the "TSXV") has accepted the Company's Notice of Intention to renew of its Normal Course Issuer Bid (the "NCIB") to purchase for cancellation, from time to time, as Hemisphere considers advisable, up to 8,905,836 common shares ("Common Shares") of the Company, representing approximately ten percent (10%) of the current public [Read more]

Saturn Oil & Gas Inc. announces closing of Viking acquisition and non-brokered private placement

Calgary, Alberta - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to announce that further to its press releases of May 31, 2022 and June 8, 2022, it has successfully completed the previously announced acquisition of assets in the Viking area of West-central Saskatchewan (the "Viking Acquisition") for closing cash consideration of approximately $248 million (net of adjustments) and has completed a non-brokered private placement for gross proceeds of [Read more]

Kelt provides an operations update and increases its 2022 capital expenditure budget by 13% to $300 million

Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") is providing an operations update and changes to its capital expenditure budget for 2022. Energy related commodity prices during the first half of 2022 have increased substantially compared to the previous year. The global economy staged a recovery in energy demand as the world began to ease away from lockdowns and business interruptions experienced in 2020 and 2021 due to the COVID-19 pandemic. The pace of [Read more]

Suncor Energy to hold oil sands operations presentation

Calgary, Alberta - Suncor (TSX: SU) (NYSE: SU) will hold an Oil Sands Operations presentation on July 13, 2022 from 7:00 a.m. to 10:00 a.m. MT (9:00 a.m. to 12:00 p.m. ET). The presentation will focus on the company's oil sands operations and providing updates on production and operational actions and plans to ensure safe and reliable performance, with presenters: Mark Little, president and chief executive officer Peter Zebedee, executive vice president, Mining & Upgrading [Read more]

Silk Road Energy graduates from NEX to TSX-V

Calgary, Alberta - Silk Road Energy Inc. (TSXV: SLK) reports that it has received approval from the TSX Venture Exchange to have its shares reactivated as a Tier 2 Mining Issuer from a NEX Issuer. Commencing Thursday, July 7, 2022, Silk Road shares will trade under the symbol "SLK" on the TSX Venture Exchange. Silk Road was cease-traded in 2019 and has been reorganizing its affairs on the NEX Exchange for the last two years. Shareholders are not required to take any action regarding their [Read more]

Pine Cliff Energy Ltd. announces debt free status and confirms monthly dividend for July 29, 2022

Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") announces that it has repaid in full, all term debt and insider debt as of June 30, 2022. Pine Cliff is one of the first Canadian public oil and gas producers to be debt free. Pine Cliff also confirms that a monthly dividend of $0.0083 per common share is to be paid July 29, 2022 to shareholders of record on July 15, 2022. The ex-dividend date is July 14, 2022. This monthly cash dividend is designated as an [Read more]

Altima announces management cease trade order due to delays in filing audited annual financial statements

Vancouver, British Columbia - Altima Resources Ltd. (TSXV: ARH) ("Altima" or the "Company") announced today that is unable to file its audited annual financial statements, management's discussion & analysis, and related certifications in addition to its NI 51-101 Disclosure for Oil & Gas Activities for the fiscal year ended February 28, 2022 on or before June 28, 2022, due to operational delays experienced in its subsidiary, which caused its human resources to be reallocated to support [Read more]

Suncor Energy releases 2022 report on sustainability and climate report

Calgary, Alberta - Suncor (TSX: SU) (NYSE: SU) released its 2022 Report on Sustainability and Climate Report today. The reports highlight how Suncor is working to achieve exceptional environmental, social and governance (ESG) performance, and share Suncor's actions on sustainable energy development, emphasizing the progress made to accelerate GHG reductions to reach net-zero by 2050 while increasing shareholder returns. Guided by its purpose of providing trusted energy that enhances people's [Read more]