BOE Report

Kelt increases its 2021 guidance for production and funds from operations with an increased capital spending program

Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") is providing updated guidance for 2021. During 2020, revenue generated by sales of oil and gas were adversely affected by the precipitous decline in oil and gas prices as a result of the unprecedented destruction in demand for the commodities due to global lockdowns and business interruptions. Several pharmaceutical companies have now developed vaccines as a measure to prevent or reduce COVID infections. As the [Read more]

Silk Road Energy Inc. files 2020 audited financial statements

Calgary, Alberta - Silk Road Energy Inc. (TSXV: SLK.H) Director, Michael Judson, reports that the company has filed its audited financial statements and related management's discussion and analysis for the years ended September 30, 2020 and 2019. The documents are available for download on SEDAR. "This is an important step in our efforts to re-build and re-list this company," said Michael Judson. [Read more]

Pine Cliff Energy Ltd. announces results of shareholders’ meeting, and annual stock option grant

Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce all matters presented for approval at the Annual and Special Meeting of Shareholders on May 19, 2021 (the "Meeting") have been approved. A total of 127,921,923 common shares representing 38.05% of Pine Cliff's issued and outstanding common shares were voted in connection with the Meeting. All of the nominees proposed as directors were duly elected. Each of the nominees was elected as [Read more]

Hemisphere Energy announces 2021 first 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 first quarter ended March 31, 2021. The first quarter of 2021 yielded excellent results for Hemisphere. Production averaged 9% higher than the fourth quarter, as wells started to respond to injector conversions done late in 2020. Production has since climbed even further, averaging over 1,800 boe/d to date in [Read more]

Saturn Oil & Gas Inc. Announces Transformational Light Oil Asset Acquisition of 6,700 boe/d to Become One of the Leading Producers and Land Holders in Southeast Saskatchewan

Saturn expects to be debt-free in 24 months based on production forecasts, capital budget, hedging levels and current forward pricing 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 ethical Canadian crude oil to service global market demand Calgary, Alberta--(Newsfile Corp. - May 13, 2021) - Saturn Oil & Gas Inc. (TSXV: [Read more]

Canadian Natural Resources Limited reports voting results at annual meeting

Calgary, Alberta - Canadian Natural (TSX: CNQ) (NYSE: CNQ) held its Annual Meeting of the Shareholders on May 6, 2021. The result of the vote by shareholders for each resolution is reported below.  The election of the following nominees as directors of the Corporation for the ensuing year or until their successors are elected or appointed. Votes For Votes Withheld Catherine M. Best 839,152,017 93.95% 54,072,277 6.05% M. Elizabeth [Read more]

Obsidian Energy announces first quarter 2021 results and successful first half development program

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 first quarter 2021. Three Months Ended March 31 2021 2020 FINANCIAL (millions, except per share amounts) Cash flow from operations 28.1 31.4 Basic per share ($/share) 0.38 0.43 Diluted per share [Read more]

Kelt reports financial and operating results for the three months ended March 31, 2021

Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") reports its financial and operating results to shareholders for the first quarter ended March 31, 2021. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended March 31 (CA$ thousands, except as otherwise indicated) 2021 2020 % Petroleum and natural gas sales 59,835 70,918 -16 Cash provided by [Read more]

Hemisphere Energy provides an operations update on its Atlee Buffalo polymer project

Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQB: HMENF) ("Hemisphere" or the "Company") is pleased to provide an update on its Upper Mannville G pool polymer project in the Atlee Buffalo area of southeast Alberta. Hemisphere has made significant progress on the construction work at its G pool facility that will allow the Company to convert its currently active waterflood into a polymer flood. Hemisphere is awaiting the delivery of its specialized polymer skid, [Read more]

Canadian Natural Resources Limited announces 2021 first quarter results

Calgary, Alberta - Commenting on the Company's first quarter 2021 results, Tim McKay, President of Canadian Natural stated "The COVID-19 pandemic continues to challenge our everyday living and the way we operate our businesses. With our strong measures in place we have minimized impacts on our operations, but it remains a daily challenge for our field staff to do it safe and do it right. As the global vaccine distribution increases and crude oil demand recovers, especially in the United States, [Read more]