BOE Report

Transglobe Energy Corporation announces its 2022 capital budget & 2022 production guidance

Calgary, Alberta - TransGlobe Energy Corporation (AIM: TGL) (TSX: TGL) (NASDAQ: TGA) ("TransGlobe" or the "Company") announces its 2022 capital budget and production guidance. All dollar values are expressed in US dollars unless otherwise stated. 2022 BUDGET HIGHLIGHTS 2022 capital budget of $57.7MM (before capitalized G&A); Egypt $33.1MM Canada $24.6MM Investment is spread evenly throughout the year and 2022 average production guidance is set at 12.4 to 13.4 MBoepd [Read more]

Saturn Oil & Gas Inc. announces sponsorship of ATP tennis tournament in support of underprivileged youth sports

Calgary, Alberta - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to announce that the Company will host the Saturn Oil Open ATP tennis tournament in May 2022 in Troisdorf, Germany. Saturn has partnered with KidSport Canada to raise funds and awareness for underprivileged youths' participation in sports and to enhance their healthy development. Saturn is collaborating with Marc-Kevin Goellner, former German Davis Cup Champion and previously ranked in [Read more]

Obsidian Energy announces listing and trading on the NYSE American

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that the NYSE American LLC ("NYSE American") has approved the listing of the Company's common shares on the NYSE American stock exchange. The common shares will begin trading on the NYSE American on January 31, 2022, under the trading ticker symbol "OBE". In association, trading in the Company's common shares on the OTCQX market exchange will be [Read more]

Obsidian Energy announces 2022 drilling program and guidance as well as update on development program

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy" or the "Company") is pleased to announce our 2022 guidance, building on our successful drilling results in the Cardium while further expanding activity in Peace River. A total of $143 to $149 million in capital expenditures, plus an additional $14 million in decommissioning expenditures, is planned for 2022. We currently have four drilling rigs active in our 2022 drilling program, which includes 19 wells (18.0 [Read more]

Gear Energy Ltd. announces December monthly update to shareholders

Calgary, Alberta - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") is pleased to announce that the new December 2021 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]

TransGlobe Energy Corporation announces Eastern Desert contract execution

Calgary, Alberta - TransGlobe Energy Corporation (AIM: TGL) (TSX: TGL) (NASDAQ: TGA) ("TransGlobe" or the "Company") announces execution of the new concession agreement consolidating and amending its three existing Eastern Desert concession agreements (West Gharib, West Bakr and North West Gharib) (the "Agreement"). All dollar values are expressed in US dollars unless otherwise stated. PRODUCTION SHARING CONTRACT FINALIZATION TransGlobe has signed the Agreement which was ratified into law [Read more]

Suncor Energy provides Q4 2021 safety and production update

Calgary, Alberta - Suncor (TSX: SU) (NYSE: SU) today is providing an update on recent incidents and fourth quarter 2021 production. We are deeply saddened by the fatality at our Base plant mining operations on January 6, 2022. We extend our thoughts and condolences to the family, friends and colleagues of the deceased worker. The incident occurred when one heavy haul truck rear-ended a second heavy haul truck while they were both driving up a mine haul ramp. The two workers in the moving [Read more]

Hemisphere Energy provides operations update and corporate guidance

Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce an update on its operations and provide corporate guidance for 2022. Operations Update During the fourth quarter of 2021 Hemisphere was very active in the field with facility expansion, production optimization, and drilling operations. Based on field estimates, corporate production for the month of December was approximately 2,400 boe/d (99% heavy [Read more]

Obsidian Energy announces reconfirmation of our syndicated credit facility

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce the reconfirmation of our syndicated credit facility with no changes to our revolving period. As previously disclosed, the Company had a revolving period reconfirmation date on January 17, 2022, whereby, on or prior to such date, the lenders may have accelerated the end of the revolving period of our credit facility to February 1, 2022. In this case, [Read more]

Obsidian Energy announces application for listing on the NYSE American and 2022 guidance release webcast

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that the Company has applied for listing on the NYSE American. With an extensive U.S. shareholder base, we believe that, upon approval of our listing application on the NYSE American, this listing has the potential to improve liquidity by increasing investors' ability to invest in Obsidian Energy. "Our shareholders have expressed their desire for the [Read more]