BOE Report

Pine Cliff Energy Ltd. announces extension of insider loan facility, changes to board of directors and provides information regarding annual and special meeting of shareholders

Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce that the term (the "Term") of the existing $4,000,000 loan facility (the "Facility") with an insider of the Company (the "Lender") was, by mutual consent of the Company and the Lender, extended to December 31, 2024. Amounts can be drawn, repaid and redrawn by the Company at any time during the Term and borrowings under the Facility are payable on demand to the Lender on 60 days written [Read more]

Leucrotta Exploration announces closing of previously announced asset sale

Calgary, Alberta - Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce that, further to its press release dated March 15, 2021, it has closed the previously announced disposition of 10.25 sections of non-strategic Montney lands (the "Asset Sale"), comprising approximately 5% of Leucrotta's Montney land base, for aggregate consideration of $30 million. The Company intends to use the proceeds from the Asset Sale to repay debt, advance the initiation of [Read more]

Hemisphere Energy provides operations update and corporate guidance

Vancouver, British Columbia -  Hemisphere Energy Corporation (TSXV: HME) (OTCQB: HMENF) ("Hemisphere" or the "Company") is pleased to announce an update on its operations and provide corporate guidance for 2021 and 2022. Operations Update and Development Plans During the first quarter of 2021 Hemisphere has seen an overall increase in production from its fourth quarter injector conversions. Month-to-date production has averaged 1,850 boe/d (99% heavy oil, based on field estimates between [Read more]

Obsidian Energy announces expiry of Bonterra offer

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced that we have allowed our offer (the "Offer") to purchase all of the issued and outstanding common shares (the "Bonterra Shares") of Bonterra Energy Corp. (TSX: BNE) ("Bonterra") to expire at 5:00 p.m. (Mountain Daylight time) on March 29, 2021. "Our business and operational outlook has strengthened significantly as shown by our recently announced year-end [Read more]

Obsidian Energy confirms filing of its 2020 year end disclosure documents

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has filed with Canadian securities regulatory authorities its audited Consolidated Financial Statements for the year ended December 31, 2020 and related Management's Discussion and Analysis. Obsidian Energy has also filed its Annual Information Form for the year ended December 31, 2020, which includes the disclosure and reports relating to reserves data and [Read more]

Obsidian Energy announces fourth quarter and full year 2020 results and provides full year 2021 guidance

Strong 2020 operational performance drives improved cost metrics and debt reduction Robust well results to date from first half 2021 development program 2021 capital budget set at $127 million with decommissioning budget of $8 million 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 fourth quarter and full year 2020. Three months ended [Read more]

Obsidian Energy announces the extension to syndicated credit facility and senior notes

Maturity dates of both credit facility and senior notes extended to November 2022 Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that the Company has executed amending agreements to extend both our syndicated credit facility and senior notes maturity date to November 30, 2022. "We are very pleased with the successful completion of our extension," said Stephen Loukas, Obsidian Energy's Interim [Read more]

Blacksteel Energy Inc. announces shareholder approval of all proposals at the AGM and files for reinstatement of trading with the exchange

Calgary, Alberta - Blacksteel Energy Inc. (TSXV: BEY) ("Blacksteel") is pleased to announce that all proposals at the AGM were approved. Motions including changing the name, the approval of the potential sale of all the oil and gas assets, share consolidation, and the transfer of the listing from the TSXV to the CSE were all approved. There can be no certainty that one or all of these will be acted upon. Further disclosure will be forthcoming as appropriate. Blacksteel has applied to [Read more]

Leucrotta Exploration announces board changes

Calgary, Alberta - Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") announces that Josef Vejvoda has made the decision to resign from the Board of Directors to focus on other business commitments. Leucrotta would like to thank Mr. Vejvoda for his contribution over the past year and wish him well in his future endeavours. Leucrotta is pleased to announce that John A. Brussa has been appointed to the Board of Directors. Mr. Brussa is Chairman of the law firm Burnet, [Read more]