BOE Report

DXI Energy Inc. Receives Notice of Demand and Seizure of US Subsidiary Shares

Vancouver, British Columbia - DXI Energy Inc. (TSXV: DXI.H) ("DXI" or the "Company"), further to the Company's announcement on April 7, 2020 to discontinue operations in the oil and gas exploration and development industry, the Company received a notice of demand from Hodgkinson Ventures Inc. ("HVI") for repayment of the Company's indebtedness to HVI pursuant to the terms of an Amended and Restated Loan Agreement dated as of June 5, 2017 in the principal sum of $2,000,000, plus all accrued [Read more]

Briko Energy Corp. Announces Second Quarter 2020 Financial and Operating Results

Calgary, Alberta - Briko Energy Corp. ("Briko" or the "Corporation") is pleased to report its financial and operating results for the three and six months ended June 30, 2020. Financial and operational information is set out below and should be read in conjunction with Briko's June 30, 2020 condensed unaudited interim financial statements and the related management's discussion and analysis ("MD&A"). Briko's condensed unaudited interim financial statements and MD&A are available for [Read more]

Kelt Announces Completion of the Sale of Its Inga Assets

Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") has completed its previously announced disposition of oil and gas assets in its Inga/Fireweed/Stoddart Division (the "Inga Assets"), located in British Columbia, to ConocoPhillips (the "Purchaser"). The effective date for closing adjustments relating to the disposition was July 1, 2020. Kelt received gross cash proceeds of $510.0 million, prior to closing adjustments. In addition, the Purchaser has assumed certain [Read more]

DXI Energy provides Voting Results of AGSM and Notice of Name Change to DXI Capital

Vancouver, British Columbia - DXI Energy Inc. (TSXV: DXI.H) ("DXI" or the "Company") today announced the results of its Annual General and Special Meeting of Shareholders held on August 20, 2020 at the Company's Vancouver office. The following sets forth a brief description of each matter which was voted upon at the Meeting and the outcome of the vote: Description of Matter Outcome of Vote Votes For Votes Against Votes Withheld/Abstained 1. Fix the number of directors to be [Read more]

Bonavista Completes Recapitalization Transaction

Calgary, Alberta - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") today announced the completion of its previously announced recapitalization transaction (the "Recapitalization Transaction") as further described in the Company's management information circular dated July 2, 2020 and implemented pursuant to a court-approved plan of arrangement under the Canada Business Corporations Act (the "Plan of Arrangement"). As previously announced, pursuant to the approvals obtained [Read more]

Kelt Reports Financial and Operating Results for the Three and Six Months Ended June 30, 2020

Calgary, Alberta - Kelt Exploration Ltd. ("Kelt" or the "Company") reports its financial and operating results to shareholders for the three and six months ended June 30, 2020. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended June 30 Six months ended June 30 (CA$ thousands, except as otherwise indicated) 2020 2019 % 2020 2019 % Petroleum and natural gas [Read more]

Pine Cliff Energy Ltd. Announces Second Quarter 2020 Results and Insider Loan Facility

Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce the filing of its second quarter financial and operating results. Included in the filings were Pine Cliff's unaudited interim condensed consolidated financial statements and related management's discussion and analysis for the three and six months ended June 30, 2020 (the "Q2-Report"). Selected highlights are shown below and should be read in conjunction with the Q2-Report. Second [Read more]

Bonavista Obtains Final Court Order Approving its Recapitalization Transaction

Calgary, Alberta - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") today announced that, in connection with the previously announced recapitalization transaction (the "Recapitalization Transaction") described in the Company's management information circular dated July 2, 2020, the Company has obtained a final order (the "Final Order") from the Court of Queen's Bench of Alberta approving the plan of arrangement under the Canada Business Corporations Act (the "Plan of [Read more]

Bonavista Announces 2020 Second Quarter Results

Calgary, Alberta - Bonavista Energy Corporation (TSX: BNP) ("Bonavista") is pleased to report to shareholders its financial and operating results for the six months ended June 30, 2020. The financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at http://www.sedar.com and on Bonavista's website at www.bonavistaenergy.com. MESSAGE TO SHAREHOLDERS The devastating health crisis and [Read more]

Bonavista Announces Senior Noteholders and Shareholders Approve Recapitalization Transaction

Calgary, Alberta - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") today announced that at the meetings (the "Meetings") of holders (the "Senior Noteholders") of the Company's outstanding (i) 4.37% Notes due November 2, 2020; (ii) 4.25% Notes due October 25, 2021; (iii) 4.47% Notes due November 2, 2022; (iv) 3.68% Notes due May 23, 2023; (v) 4.09% Notes due May 23, 2023; (vi) 3.80% Notes due April 25, 2025; and (vii) 3.78% Notes due May 23, 2025 (collectively, the "Senior [Read more]