BOE Report

Kelt reports financial and operating results for the three and nine months ended Sept. 30, 2021

Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") reports its financial and operating results to shareholders for the three and nine months ended September 30, 2021. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended September 30 Nine months ended September 30 (CA$ thousands, except as otherwise indicated) 2021 2020 % 2021 2020 % Petroleum and natural gas [Read more]

Obsidian Energy announces third quarter results with continued increasing funds flow from operations

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report strong operating and financial results for the third quarter 2021. Three Months Ended September 30 Nine Months Ended September 30 2021 2020 2021 2020 FINANCIAL (millions, except per share amounts) Cash flow from operations 65.5 34.8 135.8 68.3 Basic [Read more]

Pine Cliff Energy Ltd. announces third quarter 2021 results and update to 2021 guidance

Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce the filing of its third quarter financial and operating results (the "Q3-Report"). Selected highlights are shown below and should be read in conjunction with the Q3-Report. Third Quarter 2021 Highlights The Company benefited from AECO 5A benchmark pricing averaging $3.58 per mcf for the quarter, resulting in Pine Cliff generating positive adjusted funds flow of $13.3 [Read more]

Cuda Oil and Gas Inc. announces demand by secured lenders and notice of intention to enforce security

Calgary, Alberta - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") announces that the Company's senior secured lender, Tallinn Capital Energy Limited Partnership, and its subordinate secured lender, being certain funds managed or co-managed by Bridging Finance Inc., have each made demand for payment in full of the Company's outstanding indebtedness and provided the Company with a Notice of Intention to Enforce Security pursuant to section 244 of the Bankruptcy and Insolvency Act [Read more]

Canadian Natural Resources Limited announces 2021 third quarter results

Calgary, Alberta - Commenting on the Company's third quarter 2021 results, Tim McKay, President of Canadian Natural (TSX: CNQ) (NYSE: CNQ) stated "Our diverse product mix is a competitive advantage, as we can allocate capital to the highest return projects, without being reliant on any one commodity. Our effective and efficient operations combined with disciplined capital allocation generates significant free cash flow, which delivers substantial shareholder returns through our sustainable [Read more]

Obsidian Energy announces pricing and filing of amended and restated preliminary prospectus

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that it has filed an amended and restated preliminary short form prospectus (the "Amended and Restated Prospectus") in connection with its previously announced marketed offering (the "Offering") of subscription receipts of the Company ("Subscription Receipts"). The Amended and Restated Prospectus provides that the price of the Subscription Receipts to [Read more]

Gear Energy Ltd. announces third quarter 2021 operating results and 2022 budget guidance

Calgary, Alberta - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") is pleased to provide the following third quarter operating results and 2022 budget guidance to shareholders. Gear's Interim Condensed Consolidated Financial Statements and related Management's Discussion and Analysis ("MD&A") for the period ended September 30, 2021 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Three months ended  Nine months [Read more]

TransGlobe Energy Corporation announces third quarter 2021 financial and operating results for the three and nine months ended Sept. 30, 2021

Calgary, Alberta - TransGlobe Energy Corporation (AIM: TGL) (TSX: TGL) (NASDAQ: TGA) ("TransGlobe" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2021. All dollar values are expressed in United States dollars unless otherwise stated. TransGlobe's Condensed Consolidated Interim Financial Statements together with the notes related thereto, as well as TransGlobe's Management's Discussion and Analysis for the three and [Read more]

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]