BOE Report

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]

Gear Energy Ltd. announces June monthly update to shareholders

Calgary, Alberta - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") is pleased to announce that the new June 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]

Altima Resource says delay in filing audited financial statements

Vancouver, British Columbia - Altima Resources Ltd. (TSXV: ARH) ("Altima" or the "Company") is providing an update with respect to the previously announced management cease trade order (the "MCTO") issued by the British Columbia Securities Commission on June 29, 2022. The MCTO was issued in connection with the delay by the Company in filing its annual financial statements, management's discussion and analysis and related officer certifications for the financial year ended February 28, 2022 [Read more]

Suncor Energy enters into agreement with Elliott Investment Management

Calgary, Alberta  - Suncor (TSX: SU) (NYSE: SU) today announced that it has entered into an agreement with Elliott Investment Management L.P. (together with its affiliates "Elliott"), pursuant to which Suncor's Board of Directors will appoint three new independent directors, two of whom will serve on the CEO search committee. The Board will also form a new committee to oversee a strategic review of Suncor's downstream retail business. These actions build on Suncor's ongoing efforts to enhance [Read more]

Obsidian Energy announces preliminary second quarter 2022 results and extension to our syndicated credit facility

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces our preliminary second quarter 2022 results and an extension to our syndicated credit facility to July 29, 2022, to accommodate timing associated with our debt refinancing. "We continued our enhanced level of activity during the second quarter with the completion of our accelerated first half development program," said Stephen Loukas, Obsidian Energy's [Read more]

Suncor Energy announces CEO transition

Mark Little to step down, effective immediately Kris Smith appointed Interim CEO Board begins global search for next CEO Calgary, Alberta - Suncor (TSX: SU) (NYSE: SU) announced on July 8 2022 that the Board of Directors and chief executive officer Mark Little have mutually agreed that Mr. Little will step down as president and chief executive officer and resign from the Board, effective immediately. Kris Smith, who is currently executive vice president, Downstream, has been named [Read more]

Suncor Energy responds to fatality at Base Plant Mine

Calgary, Alberta - Suncor regretfully reports that a contractor worker was fatally injured this morning at our Base Plant site north of Fort McMurray, Alberta. Suncor Emergency Services responded to an incident at a shovel maintenance pad in the mine early this morning where a Komatsu employee was pronounced deceased at the scene. "This is an incredibly sad and difficult day, and I offer my condolences to the family, friends and co-workers of the individual," said Mark Little, Suncor [Read more]

Hemisphere Energy announces normal course issuer bid renewal

Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce that the TSX Venture Exchange (the "TSXV") has accepted the Company's Notice of Intention to renew of its Normal Course Issuer Bid (the "NCIB") to purchase for cancellation, from time to time, as Hemisphere considers advisable, up to 8,905,836 common shares ("Common Shares") of the Company, representing approximately ten percent (10%) of the current public [Read more]

Saturn Oil & Gas Inc. announces closing of Viking acquisition and non-brokered private placement

Calgary, Alberta - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to announce that further to its press releases of May 31, 2022 and June 8, 2022, it has successfully completed the previously announced acquisition of assets in the Viking area of West-central Saskatchewan (the "Viking Acquisition") for closing cash consideration of approximately $248 million (net of adjustments) and has completed a non-brokered private placement for gross proceeds of [Read more]

Kelt provides an operations update and increases its 2022 capital expenditure budget by 13% to $300 million

Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") is providing an operations update and changes to its capital expenditure budget for 2022. Energy related commodity prices during the first half of 2022 have increased substantially compared to the previous year. The global economy staged a recovery in energy demand as the world began to ease away from lockdowns and business interruptions experienced in 2020 and 2021 due to the COVID-19 pandemic. The pace of [Read more]