BOE Report

TransGlobe Energy Corporation announces year end 2021 financial and operating results

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 months and year ended December 31, 2021. All dollar values are expressed in United States dollars unless otherwise stated. TransGlobe's Consolidated Financial Statements together with the notes related thereto, as well as TransGlobe's Management's Discussion and Analysis for the years ended December 31, 2021 [Read more]

Leucrotta Exploration announces 2021 year-end reserves

Calgary, Alberta - Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its 2021 year-end reserves as independently evaluated by GLJ Ltd. ("GLJ") effective December 31, 2021 (the "GLJ Report"), in accordance with National Instrument 51-101 ("NI 51-101") and the Canadian Oil and Gas Evaluation ("COGE") Handbook. All dollar figures are Canadian dollars unless otherwise noted. Introduction During 2021, Leucrotta made the strategic decision to sell its [Read more]

Hemisphere Energy grows proved reserve value by 63% to $276 million and proved net asset value to $2.43 per fully diluted share

Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce highlights from its independent reserves evaluation (the "Reserve Report"), prepared by McDaniel & Associates Consultants Ltd. ("McDaniel") and effective as at December 31, 2021. In 2021, Hemisphere invested $12 million in its Atlee Buffalo core area, including drilling seven wells, implementing a polymer flood in the Upper Mannville G oil pool ("G [Read more]

Saturn Oil & Gas Inc. announces fully funded 2022 capital program which underpins 15% production growth and annual guidance highlighted by organic free funds flow that supports 45% reduction in net debt

Calgary, Alberta - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to announce that the Company's Board of Directors has approved a 2022 capital expenditures budget totalling $50 million. "As a result of the strategic acquisition and recently closed, upsized and oversubscribed equity issues, Saturn has increased its 2022 capital expenditure program," stated John Jeffrey, CEO of Saturn. "Equally important, because of the debt consolidation, the Company [Read more]

Kelt reports financial and operating results for the quarter and year ended December 31, 2021

Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") has released its financial and operating results for the fourth quarter and year ended December 31, 2021. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended December 31 Year ended December 31 (CA$ thousands, except as otherwise indicated) 2021 2020 % 2021 2020 % Petroleum and natural gas [Read more]

Pine Cliff Energy Ltd. Announces Record Annual Results and Filing of 2021 Disclosure Documents

Calgary, Alberta--(Newsfile Corp. - March 8, 2022) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") announces its year-end financial and operating results and the filing of its 2021 disclosure documents 2021 and Fourth Quarter 2021 Highlights Pine Cliff's adjusted funds flow of $26.3 million generated during the fourth quarter of 2021 and $59.1 million for 2021 were the highest quarterly and annual adjusted funds flow for the Company since inception. Highlights from [Read more]

A Pathway to Net Zero Emissions for North America’s largest oil resource

Houston, Texas--(Newsfile Corp. - March 8, 2022) - Canada's major oil sands producers are working together on a first-of-its-kind net zero initiative that could help ensure long-term, secure supplies of affordable and responsible energy for North America. Together, Canadian Natural, Cenovus Energy, ConocoPhillips Canada, Imperial, MEG Energy and Suncor Energy have formed the Oil Sands Pathways to Net Zero Alliance. The goal of the Alliance is to achieve a phased reduction in emissions from [Read more]

TransGlobe Energy Corporation announces its 2021 year end reserves

Calgary, Alberta--(Newsfile Corp. - March 7, 2022) - TransGlobe Energy Corporation (AIM: TGL) (TSX: TGL) (NASDAQ: TGA) ("TransGlobe" or "Company") is pleased to announce the results of its independent reserves evaluation ("Reserves Evaluation") for the year ended December 31, 2021 as prepared by GLJ Ltd. ("GLJ"). All dollar values are expressed in US dollars unless otherwise stated. HIGHLIGHTS Proved Developed Producing ("PDP") gross reserves increased 30% to 19.9 MMboe from 15.3 MMboe [Read more]

Canadian Natural Resources Limited announces 2021 fourth quarter and year end results

Calgary, Alberta - Commenting on the Company's 2021 results, Tim McKay, President of Canadian Natural (TSX: CNQ) (NYSE: CNQ), stated, "Our unique and diverse asset base, combined with our track record of operational excellence delivered by our dedicated teams, achieved record average production volumes in 2021 of approximately 1,235 MBOE/d, representing an increase of 6% or approximately 71 MBOE/d over 2020 levels. During Q4/21, daily production volumes averaged a record 1,314 MBOE/d, including [Read more]

Saturn Oil & Gas Inc. Announces Closing of Acquisition and Private Placement

Calgary, Alberta--(Newsfile Corp. - February 28, 2022) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn or the "Company") is pleased to announce it has successfully completed the previously announced strategic acquisition (the "Strategic Acquisition") and intends to complete a non-brokered private placement for gross proceeds of $2,190,000 (the "Non-Brokered Private Placement"). Strategic Acquisition The Strategic Acquisition closed today, with an effective date of January 1, [Read more]