BOE Report

Hemisphere Energy announces tertiary recovery project start-up in Atlee Buffalo F Pool

Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide an update on its operations in Southern Alberta. Hemisphere completed construction of its new injection plant at the Atlee Buffalo F pool battery during the summer and moved into the early stages of tertiary recovery for the pool in August. Through the fourth quarter, the Company plans to expand its oil battery with the addition of a new treater, [Read more]

TransGlobe Energy Corporation: Your vote is important please vote your proxy today

Calgary, Alberta - TransGlobe Energy Corporation (TSX: TGL) Dear Shareholder: We recently mailed you proxy materials in connection with the special meeting of shareholders of TransGlobe Energy Corporation ("TransGlobe") scheduled to be held on September 29, 2022. Your voting participation is requested for this important meeting. Please vote your proxy today. Internet and telephone voting are available for your convenience. As set forth in the materials sent to you, at the special [Read more]

Saturn Oil & Gas Inc. announces OTCQX trading and participation in the International Investment Forum

Calgary, Alberta - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce that it has qualified to trade on the OTCQX® Best Market, and Kevin Smith, Saturn's Vice President Corporate Development will be presenting a webcast at the International Investment Forum on September 27, 2022. OTCQX Upgrade Saturn begins trading today on OTCQX under the symbol "OILSF." The Company upgraded to OTCQX from the Pink® market. U.S. investors [Read more]

Blacksteel Energy Inc. announces letter of intent to acquire Drakkar Energy Ltd.

Calgary, Alberta - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is pleased to announce that it has signed a letter of intent (the "Proposed Transaction") to acquire Drakkar Energy Ltd. ("Drakkar Energy"). Drakkar Energy is a privately held oil and gas producer in Alberta whose sole producing asset is a 70% working interest in the jointly held Girouxville asset with Blacksteel. Total consideration is approximately $3.2 million consisting of a combination of shares, cash and [Read more]

Saturn Oil & Gas Inc. announces successful drilling results and AGM voting

Calgary, Alberta - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to provide results to date from its 2022 drilling program, its new re-drill program to enhance production of existing low to non-producing horizontal wells, and the results of the annual general and special meeting of shareholders. The 2022 drilling program has been focused on Saturn's two operational areas, the Oxbow Asset in Southeast Saskatchewan, and the Viking Asset in West-central [Read more]

TransGlobe Board unanimously continues to and proxy advisor ISS recommends that shareholders vote FOR the proposed business combination with VAALCO

Calgary, Alberta - TransGlobe Energy Corporation (TSX: TGL) ("TransGlobe" or the "Company") today issued the following statement in response to press releases issued by Horizon Partners ("Horizon") on 13 and 14 September 2022 concerning TransGlobe's unanimously recommended all-share business combination (the "Proposed Transaction") with VAALCO Energy, Inc. (NYSE: EGY) (LSE: EGY) ("VAALCO"). While TransGlobe welcomes constructive strategic input focused on enhancing shareholder value, [Read more]

WesCan Energy commences drilling at Provost

Calgary, Alberta - WesCan Energy Corp. (TSXV: WCE) ("WesCan" or the "Company") is providing an update to the previously announced news release with respect to the Company's drilling program at Provost. Alberta. On September 8, 2022, the Company announced that lease construction and drilling services were in place and that drilling was to begin within the next 7-10 days. The Company is pleased to announce that drilling has now commenced and the new well spudded on September 13 at 19:00 [Read more]

ISS recommends TransGlobe shareholders vote FOR the proposed business combination with VAALCO Energy, Inc.

Calgary, Alberta - TransGlobe Energy Corporation (AIM: TGL) (TSX: TGL) (NASDAQ: TGA) ("TransGlobe" or the "Company") is pleased to note the reports issued by a leading proxy advisor, Institutional Shareholder Services ("ISS") and its unanimous recommendation that its institutional clients vote FOR the proposed business combination of TransGlobe and VAALCO Energy, Inc. (NYSE: EGY) (LSE: EGY) ("VAALCO") at the special meeting of the shareholders of TransGlobe (the "Meeting") to create a [Read more]

Obsidian Energy announces $30.0 million term loan repayment, operations update and facility acquisition

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces the full repayment of the $30.0 million non-revolving term loan (the "Term Loan") from free cash flow from our operations. The Term Loan was part of our new syndicated credit facilities with initial borrowing capacity of $205.0 million that was entered into with our debt refinancing completed in July 2022. With the repayment of the Term Loan, our remaining [Read more]