BOE Report

Cuda Oil and Gas Inc. Announces Agreement to Sell Alberta Assets for $2.67 Million

Calgary, Alberta--(Newsfile Corp. - September 16, 2021) - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") announces that it has entered into a Share Purchase Agreement ("Agreement") to sell all of the shares of Cuda Energy Inc., a wholly-owned subsidiary of the Company that holds its Alberta assets, to an arm's length private company (the "Purchaser"). The Purchaser has agreed to pay total cash consideration of $2.67 million, subject to certain adjustments, and has provided a [Read more]

Obsidian Energy provides operational update

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an update on our continued strong second half development program with two drilling rigs active in our Cardium asset and announce it has also extended Stephen Loukas' contract as Interim President and CEO to December 31, 2021. As a result of the solid execution and performance of our program combined with our focus on optimizing base volumes, we [Read more]

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]