BOE Report

Suncor Energy to release fourth quarter 2021 financial results

Calgary, Alberta - Suncor (TSX: SU) (NYSE: SU) will release its fourth quarter financial results on Feb. 2, 2022 before 8:00 p.m. MT (10:00 p.m. ET). A webcast to review the fourth quarter will be held on Feb. 3 at 7:30 a.m. MT (9:30 a.m. ET). Representing management will be Mark Little, 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]

Pine Cliff Energy Ltd. announces strategic acquisition, update on fourth quarter drilling program and new demand loan facility

Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce that it has entered into a definitive agreement (the "Agreement") to acquire all of the issued and outstanding common shares of a privately held oil and gas company for a cash purchase price of $22.2 million, prior to working capital adjustments (the "Acquisition"). The Acquisition further consolidates Pine Cliff's core Ghost Pine area and is expected to close on or before December 31, [Read more]

TransGlobe Energy Corporation announces ratification of the consolidated and amended Eastern Desert production sharing contracts

Calgary, Alberta - TransGlobe Energy Corporation (AIM: TGL) (TSX: TGL) (NASDAQ: TGA) ("TransGlobe" or the "Company") is pleased to announce the ratification of the consolidated and amended Eastern Desert Production Sharing Contracts. All dollar values are expressed in US dollars unless otherwise stated. PRODUCTION SHARING CONTRACT RATIFICATION TransGlobe has received notification that its agreement with the Egyptian General Petroleum Corporation ("EGPC") to merge, amend and extend its [Read more]

Hemisphere Energy completes fourth quarter 2021 drilling program

Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce that it has completed its successful drilling operations in the Atlee Buffalo area of southeast Alberta. Earlier in the fourth quarter Hemisphere decided to accelerate a portion of its 2022 capital spending due to rig availability concerns and anticipated cost increases across the industry next year. While the Company has now finished drilling these [Read more]

Sahara Energy Ltd. completes change of name to Capitan Investment Ltd.

Calgary, Alberta - Sahara Energy Ltd. (TSXV: SAH) (the "Corporation") announces that it has completed its corporate name change from Sahara Energy Ltd. to Capitan Investment Ltd. as originally announced by news release dated December 3, 2021. Effective as of market open on December 22, 2021, the Corporation will commence trading on the TSX Venture Exchange under its new stock symbol, CAI. For further information contact: Fiona Wang, Vice President Phone: (571) 355-1488 Email: [Read more]

Canadian Natural Resources Limited completes the acquisition of Storm Resources Ltd. and announces timing of 2022 budget release

Calgary, Alberta - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) ("Canadian Natural" or the "Company") announces that the previously announced acquisition by Canadian Natural of all the issued and outstanding common shares of Storm Resources Ltd. ("Storm") pursuant to a plan of arrangement has been completed. Canadian Natural welcomes Storm employees to its Northeast British Columbia and Calgary head office teams. The acquired production, infrastructure and land complements [Read more]

Gear Energy Ltd. announces November monthly update to shareholders

Calgary, Alberta - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") is pleased to announce that the new November 2021 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]

Leucrotta Exploration announces results of Phase 1 Mica Pad development

Calgary, Alberta - Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce that its 4-well Montney Phase 1 Mica Test Pad is fully on production and has produced an average rate of approximately 1,700 barrels of light oil per day and 10 mmcf/d of liquids-rich gas per day for a total Pad production rate of 3,300 boepd over the last 10 days. Leucrotta's 2021 exit rate production is estimated at 5,000 boe/d after adding base production of approximately 1,700 [Read more]

Saturn Oil & Gas Inc. receives additional ASCP funding, initiates land reclamation program and provides an operational update

Calgary, Alberta - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to announce that the Company has been awarded an additional $2.1 million of Accelerated Site Closure Program ("ASCP") funding from the Saskatchewan provincial government. In total, Saturn has been awarded $13.6 million of ASCP funding. Land Reclamation Program As part of Saturn's commitment to ESG leadership, the Company is prioritizing a Land Reclamation Program to remediate legacy [Read more]