BOE Report

Hemisphere Energy provides operations update and corporate guidance

Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce an update on its operations and provide corporate guidance for 2022. Operations Update During the fourth quarter of 2021 Hemisphere was very active in the field with facility expansion, production optimization, and drilling operations. Based on field estimates, corporate production for the month of December was approximately 2,400 boe/d (99% heavy [Read more]

Obsidian Energy announces reconfirmation of our syndicated credit facility

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce the reconfirmation of our syndicated credit facility with no changes to our revolving period. As previously disclosed, the Company had a revolving period reconfirmation date on January 17, 2022, whereby, on or prior to such date, the lenders may have accelerated the end of the revolving period of our credit facility to February 1, 2022. In this case, [Read more]

Obsidian Energy announces application for listing on the NYSE American and 2022 guidance release webcast

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that the Company has applied for listing on the NYSE American. With an extensive U.S. shareholder base, we believe that, upon approval of our listing application on the NYSE American, this listing has the potential to improve liquidity by increasing investors' ability to invest in Obsidian Energy. "Our shareholders have expressed their desire for the [Read more]

Leucrotta Exploration Inc. announces grant of incentive stock options and restricted share units

Calgary, Alberta - Leucrotta Exploration Inc. (TSXV: LXE) (the "Corporation") announces that its board of directors (the "Board") has approved the granting of incentive stock options ("Options") under its stock option plan to certain of its directors and officers to acquire up to an aggregate of 2,150,000 common shares of the Corporation ("Common Shares") and the granting of Options to certain of its employees and consultants to acquire up to an aggregate of 590,000 Common Shares (the "Option [Read more]

Obsidian Energy announces updates to our syndicated credit facility and senior notes

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") announced that we have completed the one-time adjustment of our syndicated credit facility effective December 31, 2021. Our aggregate commitment amount is now $366.8 million adjusted from the previous amount of $415.0 million. The Company's syndicated credit facility included a one-time adjustment to reduce our undrawn availability to $35.0 million effective December 31, [Read more]

Canadian Natural Resources Limited announces 2022 budget

Calgary, Alberta - Canadian Natural's (TSX: CNQ) (NYSE: CNQ) President, Tim McKay, commented "Our key advantages are our committed and dedicated work teams and our large, high quality asset base including long life low decline assets which provides us optionality and flexibility to allocate capital to our highest return projects. In 2022 our diversified production mix is targeted to consist of approximately 46% light and synthetic crude oil, 28% heavy crude oil and 26% natural gas, at the [Read more]

TransGlobe Energy corporation operations update

Calgary, Alberta - TransGlobe Energy Corporation (AIM: TGL) (TSX: TGL) (NASDAQ: TGA) ("TransGlobe" or the "Company") announces an operations update. All dollar values are expressed in US dollars unless otherwise stated. OVERVIEW Production averaged 12.8 MBoepd in Q4, 2021 and 12.9 MBoepd for the year ended 2021, meeting the upper end of 2021 guidance of 12-13 MBoepd (See "Oil & Gas Advisories" for production by product type); The amendment, extension and merger of the Company's [Read more]

Obsidian Energy provides operational update

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an operational update on our second half 2021 development program with all drilling activity completed on schedule. We expect our full year 2021 average production to be approximately at the low end of the range of our guidance (24,600 boe/d to 24,800 boe/d) based on preliminary estimates, which reflects a minor delay in the closing of our previously [Read more]

Bonavista announces the appointment of Chris Bruggencate as Chief Operating Officer

Calgary, Alberta - Bonavista Energy Corporation ("Bonavista") is pleased to announce the appointment of Mr. Chris Bruggencate, replacing Mr. Bruce Jensen who has retired from the Corporation. Mr. Bruggencate is a seasoned executive having spent 15 years at Crescent Point Energy in roles of increasing responsibility including Vice President, Engineering East and Vice President, Operations. "We believe that Chris' operational excellence and proven expertise in leading technical and operating [Read more]

TransGlobe Energy Corporation announces upcoming changes to the Board of Directors

Calgary, Alberta--(Newsfile Corp. - January 3, 2022) - TransGlobe Energy Corporation (AIM: TGL) (TSX: TGL) (NASDAQ: TGA) ("TransGlobe" or the "Company") announces changes to the composition of the Company's Board of Directors. CHANGES TO THE BOARD OF DIRECTORS Appointment of Jennifer Kaufield TransGlobe is pleased to announce the appointment of Ms. Jennifer Ann Kaufield (nee Smith) of Calgary, Alberta as an Independent Non-Executive Director effective January 1, 2022. Ms. Kaufield [Read more]