BOE Report

Obsidian Energy announces extension to our syndicated credit facility and development drilling program in our Viking play

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces the extension of the revolving period in our syndicated credit facility to July 15, 2022, to accommodate timing associated with debt refinancing. We are also pleased to announce the return to development drilling in our Viking area, benefiting from our established inventory of quality locations and higher commodity prices. SYNDICATED CREDIT FACILITY [Read more]

Leucrotta Exploration Inc. announces completion of its plan of arrangement

Calgary, Alberta - Leucrotta Exploration Inc. (TSXV: LXE) (the "Corporation") announces that the Corporation has completed its previously announced plan of arrangement (the "Arrangement") involving the Corporation, Coelacanth Energy Inc. ("Coelacanth"), Vermilion Energy Inc. ("Vermilion") and the holders of Securities (as defined below). For further details regarding the Arrangement please refer to the Corporation's press releases dated March 28, 2022 and May 24, 2022, copies of which can be [Read more]

Suncor Energy, together with joint venture owners, plan restart of West White Rose project

Calgary, Alberta - Suncor (TSX: SU) (NYSE: SU) today announced that concurrent with the decision to restart the West White Rose project by the joint venture owners, Suncor has increased its ownership in the White Rose asset. In exchange for a cash payment of approximately $50 million from Cenovus to Suncor and in accordance with the conditional agreement announced on September 8, 2021, Suncor's interest in the White Rose asset increases from 27.5% to 40.0% and in the West White Rose project from [Read more]

Leucrotta announces Q1 2022 financial and operating results

Calgary, Alberta - LEUCROTTA EXPLORATION INC. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2022. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Completed gas processing and battery funding agreements with NorthRiver Midstream Inc. Increased production 63% from 2,695 boe/d in Q1 2021 to 4,384 boe/d in Q1 2022. Increased adjusted funds flow (1) by 194% [Read more]

Leucrotta Exploration Inc. announces securityholder approval of the plan of arrangement at special meeting and provides transaction update

Calgary, Alberta - Leucrotta Exploration Inc. (TSXV: LXE) (the "Corporation") announces that the Corporation's Securityholders (as defined below) approved the previously announced plan of arrangement (the "Arrangement") involving the Corporation, Coelacanth Energy Inc. ("ExploreCo"), Vermilion Energy Inc. ("Vermilion") and the Securityholders at a special meeting of the Securityholders held on Friday, May 20, 2022 (the "Meeting"). The special resolution approving the Arrangement was approved [Read more]

Pine Cliff Energy Ltd. announces results of shareholders’ meeting and annual stock option grant

Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce all matters presented for approval at the Annual General Meeting of Shareholders on May 19, 2022 (the "Meeting") have been approved. A total of 129,235,832 common shares representing 37.66% of Pine Cliff's issued and outstanding common shares were voted in connection with the Meeting. All of the nominees proposed as directors were duly elected. Each of the nominees was elected as shown [Read more]

Hemisphere Energy announces record first quarter results

Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") provides its financial and operating results for the first quarter ended March 31, 2022. Q1 2022 Highlights Produced a record quarterly average of 2,648 boe/d, a 60% increase over the first quarter of 2021. Attained record quarterly revenue of $22.9 million, a 190% increase over the first quarter of 2021. Delivered an operating field netback1 of $64.89/boe, 80% [Read more]

Gear Energy Ltd. announces April monthly update to shareholders

Calgary, Alberta - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") is pleased to announce that the new April 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 403-538-8463 David Hwang Vice President Finance & CFO 403-538-8437 Email: info@gearenergy.com Website: www.gearenergy.com [Read more]

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]