BOE Report

Hemisphere Energy commences fall drilling program

Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce that it has commenced a three-well drilling program in the Atlee Buffalo G pool, in southeast Alberta. All three wells are being drilled from the same pad and are expected to be placed on production by mid-October. Hemisphere’s last drilling program was in 2019 when 11 wells were drilled into the pool, of which four were subsequently converted to [Read more]

Cuda Oil and Gas Inc. announces amendment to unsecured convertible debenture

Calgary, Alberta - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") announces that it has agreed to certain amendments to the conversion terms of its Series C Convertible Debenture (the "Convertible Debenture") in order to comply with requirements of the TSX Venture Exchange. The Convertible Debenture is an unsecured convertible debenture in the principal amount of $1,589,753 that bears interest at a rate of 15% per annum and has a maturity date of July 21, 2023. The Convertible [Read more]

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

Calgary, Alberta - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") announces its financial and operating results for the three and six months ended June 30, 2021. Cuda's unaudited interim condensed consolidated financial statements and related management's discussion and analysis ("MD&A") as at and for the periods ended June 30, 2021 and 2020, are available under the Company's profile on the SEDAR website at www.sedar.com. Selected financial and operating information for the [Read more]

Sahara Energy Ltd. files amended filing statement in connection with change of business transaction

Calgary, Alberta - Sahara Energy Ltd. (TSXV: SAH) ("Sahara" or the "Company") announces that, further to its press release dated August 26, 2021, wherein it announced that it had filed its filing statement dated August 26, 2021 (the "Original Filing Statement"), outlining the terms of its proposed Change and Business and providing detailed information respecting the Company's ongoing business and operational plans and expectations following the Change of Business, Sahara has today filed an [Read more]

Sahara Energy Ltd. obtains conditional approval and files filing statement in connection with change of business transaction

Calgary, Alberta - Sahara Energy Ltd. (TSXV: SAH) ("Sahara" or the "Company") is pleased to announce that, further to its press releases dated January 25, 2021 and February 23, 2021, the Company has received conditional approval from the TSX Venture Exchange (the "Exchange") for its proposed "Change of Business" transaction (within the meaning of Exchange Policy 5.2). In connection with Sahara's proposed Change of Business and pursuant to Exchange requirements, the Company has prepared and [Read more]

Sahara Energy Ltd. announces appointment of directors

Calgary, Alberta - Sahara Energy Ltd. (TSXV: SAH) ("Sahara") is pleased to announce that, effective August 25, 2021, Zhaohui (John) Liang and Jennifer Li have been appointed as Directors of Sahara. Both Mr. Liang and Ms. Li bring a wealth of knowledge and skill to the Sahara Board that both complements and strengthens the breadth and depth of the Board's collective experience and expertise. John Liang is a U.S. Licensed Architect with over 20 years of experience across the full real estate [Read more]

Leucrotta announces Q2 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 and six months ended June 30, 2021. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Increased adjusted funds flow (1) by 209% to $0.9 million in Q2 2021 from negative $0.8 million in Q2 2020. Closed the sale of certain natural gas assets located in Doe, BC for gross proceeds of $30.0 million [Read more]

Hemisphere Energy announces 2021 second quarter financial and operating results

Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide its financial and operating results for the second quarter ended June 30, 2021. During the second quarter, Hemisphere achieved record revenue of $10.1 million, generated adjusted funds flow from operations (AFF) of $4.2 million ($26.03/boe), and increased average production by 8% when compared to the previous quarter. Hemisphere's capital expenditures [Read more]

Storm Resources Ltd. (“Storm” or the “Company”) is pleased to announce its financial and operating results for the three and six months ended June 30, 2021

Calgary, Alberta - Storm Resources Ltd. (TSX: SRX) Storm has also filed its unaudited condensed interim consolidated financial statements as at June 30, 2021 and for the three and six months then ended along with Management's Discussion and Analysis ("MD&A") for the same period. This information appears on SEDAR at www.sedar.com and on Storm's website at www.stormresourcesltd.com. Selected financial and operating information for the three and six months ended June 30, 2021 appears below [Read more]

Cuda Oil and Gas Inc. announces additional $4 million financing from senior lender

Calgary, Alberta - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") is pleased to announce an additional $4.0 million of financing ("Credit Facility B") from its Senior Lender, Tallinn Capital Energy Limited Partnership ("Tallinn"), under the Senior Credit Facility agreement signed on January 20, 2021. The additional proceeds will be used for the payment of account payables relating to, and continued development of, its oil assets and miscible gas flood injection program in the [Read more]