BOE Report

Obsidian Energy announces up to $22.5 million equity issue

Proceeds to pay for acquisition of 45 percent partnership interest in Peace River Oil Partnership Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce it has filed and been receipted for a preliminary short form prospectus with the securities commissions in each of the provinces of Canada, other than Québec, in connection with a "best efforts" marketed equity offering of subscription receipts [Read more]

Obsidian Energy announces acquisition of 45 percent partnership interest in Peace River oil partnership, up to $22.5 million equity issue and preliminary third quarter 2021 results

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce it has entered into a purchase and sale agreement (the "Agreement") to acquire the remaining 45 percent partnership interest in the Peace River Oil Partnership ("PROP") asset from our joint venture partner (the "Vendor"), through a wholly-owned subsidiary (the "Acquisition"). Total consideration paid will be $43.5 million prior to closing adjustments [Read more]

Obsidian Energy announces acquisition of 45 percent partnership interest in Peace River Oil Partnership preliminary third quarter 2021 results

Acquisition to provide additional production and reserves, full operational and funding control Increased third quarter funds flow from operations from higher commodity prices and dedicated focus on managing cost structure Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce it has entered into a purchase and sale agreement (the "Agreement") to acquire the remaining 45 percent partnership interest [Read more]

Bonavista announces the appointment of Derek Mendham as Chief Financial Officer

Calgary, Alberta - Bonavista Energy Corporation ("Bonavista" or the "Corporation") is pleased to announce the appointment of Mr. Derek Mendham as Chief Financial Officer effective November 1, 2021, replacing Mr. Dean Kobelka who has resigned from the Corporation. Mr. Mendham brings 27 years of progressively senior finance and accounting experience in the Canadian E&P, oilfield services and capital market sectors. Mr. Mendham was recently a Founder and the Chief Financial Officer of Modern [Read more]

Obsidian Energy provides operational update with increased production guidance, and additional wells to be drilled in 2021

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an update on our continued strong second half development program with two drilling rigs active in our Cardium asset, acceleration of three drills from our 2022 program into 2021, and an increase to our 2021 production guidance. In addition, we expect third quarter production to average approximately 24,150 boe/d based on preliminary estimates. "With [Read more]

Silk Road Energy Inc. announces $1 million private placement

Calgary, Alberta - Silk Road Energy Inc. (TSXV: SLK.H) ("Silk Road" or the "Company") is pleased to announce a non-brokered private placement of units of the Company ("Units") at a price of $0.10 per Unit for gross proceeds of up to $1,000,000 (the "Offering"). Each Unit will consist of one common share of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire a Common Share at $0.15 per Common Share for twenty-four [Read more]

Cuda announces termination of agreement to sell Alberta assets

Calgary, Alberta - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") previously announced that it had entered into a Share Purchase Agreement ("Agreement") to sell all of the shares of Cuda Energy Inc., a wholly-owned subsidiary of the Company that holds its Alberta assets, to an arm's length private company ("Purchaser") with a targeted closing date of September 30, 2021. Cuda and the Purchaser have mutually agreed to terminate the Agreement, as a mutual condition precedent was [Read more]

Cypress Hills Resource Corp. – Property option agreement extension

Vancouver, British Columbia - Cypress Hills Resource Corp. (NEX: CHY.H) (the "Corporation") reports that it has entered into an amendment to the previously announced property option agreement with Strategic Metals Ltd. dated November 20, 2021 (the "Option Agreement") to extend the terms of the Option Agreement by 12 months for the payment of $10,000 to Strategic Metals Ltd. [Read more]

Saturn Oil & Gas Inc. Confirms 43.3 Million BOE of Reserves in New Oxbow Asset Evaluation and Announces New Director to the Board

Calgary, Alberta--(Newsfile Corp. - September 21, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) ("Saturn" or the "Company") is pleased to announce the completion of the final independent reserves evaluation of its newly acquired Oxbow Asset, effective April 1, 2021, in compliance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities and in accordance with the Canadian Oil and Gas Evaluation Handbook (the "Oxbow Report") as well as the appointment of [Read more]