BOE Report

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]

Obsidian Energy announces increased production and financial results in second quarter 2022

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report operating and financial results for the second quarter of 2022. Three Months Ended June 30 Six Months Ended June 30 2022 2021 2022 2021 FINANCIAL1 (millions, except per share amounts) Cash flow from operating [Read more]

Suncor Energy to release second quarter 2022 financial results

Calgary, Alberta - Suncor will release its second quarter financial results on August 4, 2022 before 8:00 p.m. MT (10:00 p.m. ET). A webcast to review the second quarter will be held on August 5, 2022 at 7:30 a.m. MT (9:30 a.m. ET). Representing management will be Kris Smith, interim president and chief executive officer and Alister Cowan, chief financial officer. A question and answer period with analysts will follow brief remarks from management. Trevor Bell, vice president, Investor [Read more]

Baytex announces second quarter 2022 results, record quarterly free cash flow, updated shareholder return framework and planned CEO retirement

Calgary, Alberta--(Newsfile Corp. - July 27, 2022) - Baytex Energy Corp. (TSX: BTE) ("Baytex") reports its operating and financial results for the three and six months ended June 30, 2022 (all amounts are in Canadian dollars unless otherwise noted). "During the second quarter, we delivered strong operating results which included significant production growth from our Clearwater assets and record quarterly free cash flow of $245 million. Given the strength of our balance sheet and consistent [Read more]

Gear Energy Ltd. announces second quarter 2022 operating results

Calgary, Alberta--(Newsfile Corp. - July 27, 2022) - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") is pleased to provide the following second quarter operating update to shareholders. Gear's Interim Condensed Consolidated Financial Statements and related Management's Discussion and Analysis ("MD&A") for the period ended June 30, 2022 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Three months ended Six months [Read more]

Obsidian Energy Announces Closing of our $127.6 Million Senior Unsecured Notes Offering and New Debt Facilities as well as Repayment of our Existing Debt Facilities

Calgary, Alberta--(Newsfile Corp. - July 27, 2022) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has successfully closed the previously announced private placement offering (the "Offering") of $127.6 million aggregate principal amount of 11.95 percent five-year senior unsecured notes due July 27, 2027 (the "Notes"). In connection with the private placement of the Notes, Obsidian Energy also entered into a new [Read more]

Obsidian Energy announces pricing and issue of $127.6 million senior unsecured notes

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has entered into an underwriting agreement to sell, on a private placement basis, $127.6 million aggregate principal amount of 11.95 percent five-year senior unsecured notes due July 27, 2027 (the "Notes"). The Notes will be issued at a price of $980.00 per $1,000.00 principal amount to receive aggregate gross proceeds of approximately $125 million. [Read more]

Blacksteel Energy Inc. announces completion of acquisition of KAZ Acquisition Corp., acquisition of marketable securities and business plan update

Calgary, Alberta - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is pleased to announce that it has completed the acquisition (the "Acquisition") of all of the issued and outstanding securities of KAZ Acquisition Corp. ("KAZ") and the purchase of marketable securities from iChurchill Inc. The Acquisition and raising additional capital to fund its proposed work program is the third step in the implementation of Blacksteel's new business plan. Acquisition of KAZ Acquisition [Read more]

Obsidian Energy announces proposed issuance of up to $125 million senior unsecured notes and new syndicated credit facilities

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces the proposed private placement of senior unsecured notes and proposed new syndicated credit facilities. Obsidian Energy intends to undertake a proposed private placement of five-year senior unsecured notes (the "Notes") in the amount of up to $125.0 million (the "Offering"), subject to market and other conditions as part of our debt refinancing. In [Read more]