BOE Report

Leucrotta Exploration announces details of phase I Mica Pad Development and test in Basal Montney zone

Calgary, Alberta - Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce it will commence operations of Phase I of the Mica Pad Development mid-July and should be on production by mid to late October. The first Pad will consist of 4 wells with 3 placed into the Lower Montney and one placed into the Basal Montney. The wells will have horizontal lengths of 2400 metres and be completed with a minimum of 130 fracs. Each stage will have 25-35 tonnes of sand per [Read more]

Obsidian Energy announces change to board of directors

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") announces the resignation of Maureen Cormier Jackson and William (Bill) Friley from the Board of Directors (the "Board") effective immediately. Mr. Friley joined the Board in 2015 and Ms. Cormier Jackson joined in 2016. Gordon Ritchie, Chair of the Board, commented, "I would like to thank both Maureen and Bill for their invaluable contributions during their respective [Read more]

Obsidian Energy announces early start to second half development program and corporate update webcast

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that we expect to start our 23 well, second half 2021 development program two weeks earlier than anticipated. In addition, following our upcoming Annual and Special Meeting on June 16, 2021, we will hold a webcast presentation that provides a corporate update from our Interim President and CEO, Mr. Stephen Loukas, and other members of [Read more]

Saturn Oil & Gas Inc. confirms closing of previously announced transformational acquisition of Southeast Saskatchewan light oil assets

Saturn's forecast 24-month free cash flow enough to repay senior term loan and subordinated notes in full Mission is to continue to be an acquirer of accretive assets in Western Canada Acquisition builds on Saturn's existing environmental, social and governance ("ESG") performance, while supplying responsibly-produced Canadian crude oil to service global market demand Calgary, Alberta - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) ("Saturn" or the "Company") is pleased to announce [Read more]

Saturn Oil & Gas Inc. Closes Brokered and Non-Brokered Private Placement

Calgary, Alberta--(Newsfile Corp. - June 4, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) ("Saturn" or the "Company") is pleased to announce that, further to the Company's press releases dated May 13, 2021, May 17, 2021 and May 28, 2021, it has closed the brokered and non brokered private placements for total proceeds of $32.8 million. "With the closing of these financings, Saturn is one step closer to concluding our transformational acquisition of high-quality, light oil assets [Read more]

Saturn Oil & Gas Inc. Announces Appointment of Chief Financial Officer and Proposed Share Consolidation

Calgary, Alberta--(Newsfile Corp. - June 2, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) ("Saturn" or the "Company") is pleased to announce the appointment of Mr. Scott Sanborn as Chief Financial Officer ("CFO"), effective June 1, 2021, along with a proposed consolidation (the "Share Consolidation") of Saturn's outstanding common shares (the "Common Shares") on an up to 20:1 basis (the "Consolidation Ratio") as may be determined by the board of directors of the Company (the "Board") [Read more]

Cuda Oil and Gas Inc. announces first quarter financial and operating results

Calgary, Alberta -  Cuda Oil and Gas Inc. ("Cuda" or the "Company") (TSXV: CUDA) announces its financial and operational results for the first quarter ended March 31, 2021. Cuda's unaudited interim condensed consolidated financial statements and management's discussion and analysis ("MD&A") as at and for the three months ended March 31, 2021 and 2020, are available under the Company's profile on the SEDAR website at www.sedar.com. Significant First Quarter Highlights The Company's [Read more]

Saturn Oil & Gas Inc. Closes First Tranche of Non-Brokered Private Placement

Calgary, Alberta--(Newsfile Corp. - May 28, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) ("Saturn" or the "Company") is pleased to announce that, further to the Company's press releases dated May 13, 2021 and May 17, 2021, it has closed the first tranche (the "First Tranche Closing") of its non-brokered private placement by selling 64,583,334 special warrants for total proceeds of $7,750,000. A portion of the proceeds of the First Tranche Closing have been used to fund the [Read more]

Leucrotta announces Q1 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 months ended March 31, 2021. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Closed a bought-deal public financing issuing 45.2 million units of the Company ("Units") at a price of $0.73 per Unit for gross proceeds of $33.0 million. Each Unit is comprised of one common share of the Company and 0.5 [Read more]

Briko Energy Corp. announces first quarter 2021 financial and operating results

Calgary, Alberta - Briko Energy Corp. ("Briko" or the "Corporation") is pleased to report its financial and operating results for the three months ended March 31, 2021. Financial and operational information is set out below and should be read in conjunction with Briko's March 31, 2021 condensed unaudited interim financial statements and the related management's discussion and analysis ("MD&A"). Briko's condensed unaudited interim financial statements and MD&A are available for review at [Read more]