BOE Report

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]

Kelt Provides an update on the impact of current Western Canada natural gas prices

Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") is providing an operations update with respect to the potential impact that current weak AECO and Station 2 spot gas prices may have to its 2022 operating and financial results. Production Downtime Commencing during the third week of August 2022, daily AECO and Station 2 spot prices dropped significantly as a result of pipeline maintenance on the NGTL and T-South systems, an unplanned compressor failure in [Read more]

WesCan Energy announces corporate update

Calgary, Alberta - WesCan Energy Corp. (TSXV: WCE) ("WesCan" or the "Company") is pleased to provide a corporate update as to its recent operations and upcoming drilling program. The Company is pleased to announce that it was successful at the most recent Alberta Crown Land Sale, securing an additional 40 acres (drilling spacing unit) within the Company's core area at Provost, Alberta. This acquisition is of material significance to the Company and is expected to increase the overall recovery [Read more]

Saturn Oil & Gas Inc. announces milestone of 12,000 boe/d of production, progress of land reclamation program, and board nominations

Calgary, Alberta - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is committed to leading environment, social and governance ("ESG") policies and procedures in its operations and is pleased to announce that the Company has reached the midpoint of its 2022 Land Reclamation Program (the "LRP") and successful progress in our 2022 drilling program. Operations Update Saturn is pleased to announce that since spring breakup concluded, the Company has drilled and [Read more]

Blacksteel Energy Inc. announces appointment of new Director and filing of annual financial statements and reserve report

Calgary, Alberta - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is pleased to announce that it has appointed Duncan Nightingale to its Board of Directors, filed the annual audited financials and the reserve report. Appointment of Duncan Nightingale to the Board of Directors Blacksteel is pleased to announce the appointment of Duncan Nightingale to the Board of Directors. Mr. Nightingale has extensive senior operational oil and gas experience, including positions including [Read more]

Pine Cliff Energy Ltd. confirms monthly dividend for September 30, 2022

Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") confirms a monthly dividend of $0.01 per common share is to be paid September 30, 2022 to shareholders of record on September 15, 2022. 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 September of $0.01 per share

Calgary, Alberta - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") confirms that the September 2022 monthly dividend of $0.01 per common share is to be paid on September 30, 2022, to shareholders of record on September 15, 2022. 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]

Altima closes first tranche equity financing for a gross proceeds of $305,000

Vancouver, British Columbia - Altima Resources Ltd. (TSXV: ARH) ("Altima" or the "Company") announces that on August 31, 2022 it closed its first tranche of its equity financing (Refer to Press Release August 25, 2022). In accordance with the provisions of subscription agreements received, at the closing the Company is issuing 6,100,000 Units at a price of $0.05 per Unit (the "Units") for gross proceeds of up to $305,000 (the "Financing"), each Unit consisting of one common share and one share [Read more]