BOE Report

Obsidian Energy announces extension to our syndicated credit facility and provides hedging update

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") announces an extension of our syndicated credit facility to March 31, 2021 and provides a hedging update. CREDIT FACILITY EXTENSION The Company has entered into an agreement with lenders to extend our syndicated credit facility to March 31, 2021. The syndicated credit facility has an underlying borrowing base of $550 million with $450 million available to be drawn; both [Read more]

Sahara Energy Ltd. Provides Information Respecting Change of Business

Calgary, Alberta--(Newsfile Corp. - February 23, 2021) - On January 25, 2021 Sahara Energy Ltd. (TSXV: SAH) (the "Company" or "Sahara") announced that its Board of Directors had approved a "change of business" pursuant to the policies of the TSX Venture Exchange (the "TSX-V"). The Transactions (as defined below) as contemplated by Sahara, will change Sahara's industry sector of operations under the policies of the TSX-V from "oi & gas" to a hybrid of "real estate" and [Read more]

Obsidian Energy announces 2020 reserves results

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce its independent reserves evaluation for the year ended December 31, 2020, prepared by Sproule Associates Limited ("Sproule"). "We're extremely pleased with our reserves results in 2020," said Stephen Loukas, Obsidian Energy's Interim President and CEO. "It was a challenging year with extreme oil price volatility impacting all aspects of our business. [Read more]

Hemisphere Energy provides corporate and operations update

Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") is pleased to provide an update on corporate activities and its Southern Alberta oil assets. Although 2020 had considerable challenges, Hemisphere made several important achievements throughout the year. Focus remained on debt reduction through limiting capital expenditures, minimizing costs, and maximizing profitability even when that included shutting in production. Capital spending [Read more]

Pine Cliff Energy Ltd. provides operations update and announces 2020 year-end reserves and 2021 guidance

Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to provide an operations update and to announce its 2020 year-end reserves and 2021 guidance. Operations Update Pine Cliff's fourth quarter 2020 production averaged 19,130 Boe per day, weighted 91% to natural gas. This resulted in the average production for the year being 19,005 Boe per day, exceeding the Company's 18,500 to 19,000 annual 2020 guidance range. This production was achieved with [Read more]

Obsidian Energy announces extension to our syndicated credit facility and provides operational update

Calgary, Alberta -  OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") announces the extension of our syndicated credit facility to February 26, 2021 and provides an operational update on recent drilling and hedging activities. CREDIT FACILITY EXTENSION The Company has entered into an agreement with lenders to extend our syndicated credit facility to February 26, 2021. The syndicated credit facility has an underlying borrowing base of [Read more]

Sahara Energy Ltd. announces proposed change of business

Calgary, Alberta - Sahara Energy Ltd. (TSXV: SAH) (the "Company") is pleased to announce that, effective January 24, 2021, it has entered into two Equity Investment Agreements (the "Investment Agreements") with affiliates of DMG Investments LLC (collectively, "DMG"), pursuant to which the Company has agreed to invest in two of DMG's real estate development projects in Amherst, New York and Albany, New York. Pursuant to the terms of the Investment Agreements, it is currently intended that the [Read more]

Kelt releases inaugural ESG report

Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") is pleased to announce the release of its inaugural ESG Report, dated January 7, 2021, as part of its ongoing commitment to health and safety, responsible and sustainable resource development, good governance practices and community engagement. The ESG Report highlights many of the Company's achievements, including a 25% reduction in injury-related incidents in 2019, compared to the previous year; a 25% reduction in [Read more]

Briko Energy Corp. announces management changes and initiation of strategic alternatives process

Calgary, Alberta -  Briko Energy Corp. ("Briko" or the "Corporation") announces management changes and initiation of a strategic alternatives process. MANAGEMENT CHANGES John H. Van de Pol, President & CEO, has advised Briko's Board of Directors (the "Board") and executive team of his intention to step down as President & CEO effective March 15, 2021 but will continue to remain as a member of the Board. Mr. Van de Pol has been a key member of the executive team and has provided [Read more]

Eagle Energy Inc. ceases to be a reporting issuer and obtains full revocation of failure-to-file cease trade order

Calgary, Alberta -  Eagle Energy Inc. ("Eagle" or the "Corporation") announces that it has obtained from the Alberta Securities Commission and the Ontario Securities Commission, on behalf of each of the provinces of Canada, orders granting its voluntary applications to cease to be a reporting issuer and for a full revocation of a failure-to-file cease trade order issued against Eagle on May 6, 2020 (the "FFCTO"). Effective immediately, Eagle confirms that it has ceased to be a reporting issuer [Read more]