BOE Report

A Pathway to Net Zero Emissions for North America’s largest oil resource

Houston, Texas--(Newsfile Corp. - March 8, 2022) - Canada's major oil sands producers are working together on a first-of-its-kind net zero initiative that could help ensure long-term, secure supplies of affordable and responsible energy for North America. Together, Canadian Natural, Cenovus Energy, ConocoPhillips Canada, Imperial, MEG Energy and Suncor Energy have formed the Oil Sands Pathways to Net Zero Alliance. The goal of the Alliance is to achieve a phased reduction in emissions from [Read more]

TransGlobe Energy Corporation announces its 2021 year end reserves

Calgary, Alberta--(Newsfile Corp. - March 7, 2022) - TransGlobe Energy Corporation (AIM: TGL) (TSX: TGL) (NASDAQ: TGA) ("TransGlobe" or "Company") is pleased to announce the results of its independent reserves evaluation ("Reserves Evaluation") for the year ended December 31, 2021 as prepared by GLJ Ltd. ("GLJ"). All dollar values are expressed in US dollars unless otherwise stated. HIGHLIGHTS Proved Developed Producing ("PDP") gross reserves increased 30% to 19.9 MMboe from 15.3 MMboe [Read more]

Canadian Natural Resources Limited announces 2021 fourth quarter and year end results

Calgary, Alberta - Commenting on the Company's 2021 results, Tim McKay, President of Canadian Natural (TSX: CNQ) (NYSE: CNQ), stated, "Our unique and diverse asset base, combined with our track record of operational excellence delivered by our dedicated teams, achieved record average production volumes in 2021 of approximately 1,235 MBOE/d, representing an increase of 6% or approximately 71 MBOE/d over 2020 levels. During Q4/21, daily production volumes averaged a record 1,314 MBOE/d, including [Read more]

Saturn Oil & Gas Inc. Announces Closing of Acquisition and Private Placement

Calgary, Alberta--(Newsfile Corp. - February 28, 2022) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn or the "Company") is pleased to announce it has successfully completed the previously announced strategic acquisition (the "Strategic Acquisition") and intends to complete a non-brokered private placement for gross proceeds of $2,190,000 (the "Non-Brokered Private Placement"). Strategic Acquisition The Strategic Acquisition closed today, with an effective date of January 1, [Read more]

Gear Energy Ltd. announces January monthly update to shareholders

Calgary, Alberta - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") is pleased to announce that the new January 2022 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]

Suncor Energy files annual disclosure documents

Calgary, Alberta - Suncor (TSX: SU) (NYSE: SU) has filed its 2021 Annual Report, 2021 Annual Information Form and 2022 Management Proxy Circular. To view the company's annual disclosure documents, visit Suncor's profile on sedar.com or sec.gov or visit Suncor's website at suncor.com/financialreports. Shareholders may obtain a copy of Suncor's 2021 Annual Report free of charge by calling Investor Relations at 1-800-558-9071. Suncor Energy is Canada's leading integrated energy company. [Read more]

Obsidian Energy confirms filing of its 2021 year end disclosure documents

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE AMERICAN: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has filed with Canadian securities regulatory authorities its audited Consolidated Financial Statements for the year ended December 31, 2021 and related Management's Discussion and Analysis. Obsidian Energy has also filed its Annual Information Form for the year ended December 31, 2021, which includes the disclosure and reports relating to reserves [Read more]

Obsidian Energy announces fourth quarter and full year 2021 results

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report strong operating and financial results for the fourth quarter and full year 2021. Three Months Ended December 31 Year Ended December 31 2021 2020 2021 2020 FINANCIAL1 (millions, except per share amounts) Cash flow from operating [Read more]

Kelt reports significant increases in oil and gas reserves and provides an update on its environmental, social and governance performance

Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") is pleased to report on its oil & gas reserves and production for the year ended December 31, 2021. Kelt retained Sproule Associates Limited ("Sproule"), an independent qualified reserve evaluator, to prepare a report on its oil and gas reserves. The report is effective as of December 31, 2021. The Company has a Reserves Committee which oversees the selection, qualifications and reporting procedures of the [Read more]

Gear Energy Ltd. announces fourth quarter 2021 operating results and year-end reserves summary

Calgary, Alberta - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") is pleased to provide the following fourth quarter operating results and reserves summary to shareholders. Gear's Consolidated Financial Statements and related Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2021 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Three months ended  Year ended (Cdn$ thousands, except [Read more]