BOE Report

Hemisphere Energy announces record quarterly results and declares dividend

Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") provides its financial and operating results for the second quarter ended June 30, 2022. During the second quarter of 2022, Hemisphere achieved record adjusted funds flow from operations (AFF)1 of $14 million and lowered net debt[1] to $3.7 million. Hemisphere was also active in the field with five new wells drilled in the Atlee Buffalo area, which were brought onstream throughout July. The Company [Read more]

Pine Cliff Energy Ltd. announces appointment of new Director

Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce the appointment of Mr. Calvin Jacober to its Board of Directors (the "Board"). Mr. Jacober was most recently the Vice Chair Canada for PricewaterhouseCoopers LLP ("PwC") until his retirement earlier this year. Prior thereto, he was both the Managing Partner and the Assurance Leader for PwC's Calgary office, responsible for management of all aspects of PwC's Calgary office, including [Read more]

TransGlobe Energy Corporation announces second quarter 2022 financial and operating results for the three and six months ended June 30, 2022

Calgary, Alberta - TransGlobe Energy Corporation (AIM: TGL) (TSX: TGL) (NASDAQ: TGA) ("TransGlobe" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2022. All dollar values are expressed in United States dollars unless otherwise stated. TransGlobe's Condensed Consolidated Financial Statements together with the notes related thereto, as well as TransGlobe's Management's Discussion and Analysis for the three and six months [Read more]

Reef announces sale of assets to Levant Exploration and Production Corp

Calgary, Alberta - Reef Resources Ltd. ("Reef") is pleased to announce that it has completed the sale of its non-producing oil and gas assets located in Huron County, Ontario (the "Assets") effective July 22, 2022, to Levant Exploration and Production Corp. ("Levant") pursuant to the Asset Purchase Agreement (the "Asset Purchase Agreement") between Reef and Levant previously announced by Reef in its press releases dated November 22, 2021 and March 1, 2022. Completion of the Asset Purchase [Read more]

Suncor Energy reports second quarter 2022 results

Calgary, Alberta - "Driven by a strong business environment, Suncor (TSX: SU) (NYSE: SU) generated record adjusted funds from operations of approximately $5.3 billion, or $3.80 per common share, in the second quarter of 2022, as we executed planned maintenance across our asset base," said Kris Smith, interim president and chief executive officer. "Our confidence in our business and expected annual cash flows enabled us to return approximately $3.2 billion of value to our shareholders, which [Read more]

Suncor Energy declares dividend

Calgary, Alberta - Suncor (TSX: SU) (NYSE: SU) Energy's Board of Directors has approved a quarterly dividend of $0.47 per share on its common shares, payable September 26, 2022 to shareholders of record at the close of business on September 2, 2022. Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S., and the company's Petro-Canada retail and wholesale [Read more]

Canadian Natural Resources limited announces special dividend

Calgary, Alberta- Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announces that strong execution across the Company's operations year-to-date has resulted in substantial free cash flow generation driven by our top tier long life low decline assets with low maintenance capital requirements and our low cost structure. The financial position of the Company is very robust and net debt is targeted to decrease rapidly with significant free cash flow generation allowing for incremental [Read more]

Canadian Natural Resources Limited announces 2022 second quarter results

Calgary, Alberta - Canadian Natural's (TSX: CNQ) (NYSE: CNQ) President, Tim McKay, commented on the Company's second quarter 2022 results, "Our world class asset base is strategically balanced across commodity types so we can be flexible and capture opportunities throughout the commodity price cycle to maximize value for our shareholders. A substantial portion of our unique and diverse asset base consists of long life low decline assets which have significant, low risk, high value reserves that [Read more]

Kelt reports financial and operating results for the three and six months ended June 30, 2022

Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") reports its financial and operating results to shareholders for the three and six months ended June 30, 2022. The Company's financial results are summarized as follows:  FINANCIAL HIGHLIGHTS Three months ended June 30 Six months ended June 30 (CA$ thousands, except as otherwise indicated) 2022 2021 % 2022 2021 % Petroleum and natural gas [Read more]

Pine Cliff Energy Ltd. Announces Record Quarterly Results, 20% Increase in Monthly Dividend, Increase in 2022 Guidance and Operational Update

Calgary, Alberta--(Newsfile Corp. - August 3, 2022) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") announces record second quarter financial and operating results, a 20% increase in its monthly dividend, an increase in production and CAPEX guidance and an operational update. Second Quarter 2022 Highlights Pine Cliff's adjusted funds flow of $55.8 million generated during the second quarter of 2022 was the highest quarterly adjusted funds flow for the Company since [Read more]