BOE Report

TransGlobe Energy Corporation comment on market speculation

Calgary, Alberta - TransGlobe Energy Corporation (AIM: TGL) (TSX: TGL) (NASDAQ: TGA) ("TransGlobe" or the "Company") announces that it is aware of market speculation and rumours that the Egyptian Parliament has approved the Company's consolidated and amended Eastern Desert production sharing contracts and that the agreement is awaiting ratification by Egyptian President Abdel Fattah El-Sisi. While it is the Company's policy not to comment on market speculation or rumours, the Company has [Read more]

Obsidian Energy announces updates to our syndicated credit facility

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") announced that our semi-annual borrowing base redetermination has been completed, resulting in a $35 million increase to our revolving syndicated credit facility from $225 million to $260 million. The Company has a reserve-based syndicated credit facility with an aggregate amount available under the syndicated credit facility of $415 million, which now consists of a $260 [Read more]

Hemisphere Energy accelerates 2022 drilling program

Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide an update on its drilling operations in the Atlee Buffalo area of southeast Alberta. Due to rig availability constraints and projected cost increases in 2022, Hemisphere has recently accelerated a portion of its 2022 capital spending plans and commenced a drilling program in the Atlee F pool for up to 4 wells during the fourth quarter of 2021. Hemisphere [Read more]

Obsidian Energy announces closing of the Peace River Oil Partnership acquisition

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce it has closed its previously announced acquisition of the remaining 45 percent interest in the Peace River Oil Partnership ("PROP") asset through a wholly-owned subsidiary (the "Acquisition"). "We're extremely pleased to have successfully completed this acquisition," said Stephen Loukas, Obsidian Energy's Interim President and CEO. "With full [Read more]

Reef announces execution of new asset purchase agreement with Levant Exploration and Production Corp.

Calgary, Alberta - Reef Resources Ltd. ("Reef") is pleased to announce that it has entered into a new Asset Purchase Agreement (the "Agreement") with Levant Exploration and Production Corp. acting in trust for a corporation to be incorporated ("Levant") pursuant to which Levant would purchase all of Reef's non-producing oil and gas assets located in Huron County, Ontario (the "Assets"). Levant and Reef had previously entered into an agreement for the sale of the Assets, but that agreement had [Read more]

Hemisphere Energy reports 2021 third quarter financial and operating results and provides update on operations

Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide an operations update and its financial and operating results for the third quarter ended September 30, 2021. Third Quarter 2021 Financial and Operating Highlights During the third quarter, Hemisphere invested just over $3.3 million in its Atlee Buffalo field operations. The majority of capital expenditures included a successful three well drilling [Read more]

Obsidian Energy announces completion of oversubscribed $25.9 million prospectus financing

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce it has closed its previously announced marketed public offering of subscription receipts (the "Subscription Receipts") at a price of $4.40 per Subscription Receipt for aggregate gross proceeds of approximately $25.9 million (the "Offering"). The Offering was conducted on a "best efforts" agency basis by a syndicate of agents ( the "Agents"). The Agents [Read more]

Saturn Oil & Gas Inc. reports record cash flow from operations in Q3 2021 results

Calgary, Alberta - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to report its financial and operating results for the three and nine months ended September 30, 2021. John Jeffrey, Chief Executive of Saturn, commented: "Reinstating the Company's drilling program in the third quarter was an important step to continuing our growth strategy as a light oil focused producer. The success of the of Q3 2021 drilling program was combined with a period of [Read more]

Leucrotta announces Q3 2021 financial and operating results

Calgary, Alberta - LEUCROTTA EXPLORATION INC. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2021. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Drilled 4-well pad at Mica, BC expected to be completed in Q4 2021. September 30, 2021 adjusted working capital (1) balance of $45.5 million. Increased adjusted funds flow(1) by 231% to $1.9 million [Read more]