Calgary, Alberta - Centaurus Energy Inc. (TSXV: CTA) (OTCQX: CTARF) ("Centaurus" or the "Company") announces that it has entered into a binding term sheet with respect to a debt financing agreement with Maglan Distressed Master Fund LP (the "Agreement") pursuant to which the Company will have access of up to US$23 million, accruing interest on draws at the rate of 7% per annum, in the form of convertible and non-convertible loan facilities (the "Maglan Facilities"). Proceeds from the convertible [Read more]
Bonavista Energy Corporation Provides Financial Update
Calgary, Alberta - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") and Canadian Imperial Bank of Commerce ("CIBC") as administrative agent on behalf of a syndicate of lenders, including CIBC, The Toronto-Dominion Bank, Bank of Montreal, Royal Bank of Canada, The Bank of Nova Scotia, National Bank of Canada, ATB Financial and Federation des Caisses Desjardins du Quebec, under its existing unsecured $500 million bank credit facility (the "Facility") have agreed, subject to [Read more]
Tamarack Valley Energy Ltd. Announces Revised 2020 Capital Program
Calgary, Alberta - Tamarack Valley Energy Ltd. (TSX: TVE) ("Tamarack" or the "Company") today announces proactive revisions to its 2020 capital budget and associated guidance in response to events impacting the global oil and gas industry. Tamarack remains committed to enhancing its long-term sustainability and to executing a measured capital program that is fully funded with internally generated adjusted funds flow (see "Non-IFRS Measures"), while ensuring that the Company is well positioned [Read more]
Kelt Reduces 2020 Capital Expenditure Program by 36%
Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") announces that it's board of directors has approved a reduction in capital expenditures for 2020. The Company has reduced its capital expenditure budget by $80.0 million or 36% to $145.0 million (previously $225.0 million). The energy industry continues to experience high volatility with lower crude oil prices driven by fears of a retraction in global economic growth and increases in crude oil supply as oil [Read more]
Pine Cliff Energy Ltd. Announces Annual 2019 Results and Filing of 2019 Disclosure Documents
Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce its year-end financial and operating results and the filing of its 2019 disclosure documents. Included in the filings were Pine Cliff's annual information form ("AIF"), which includes disclosure and reports related to reserves data and other oil and gas information pursuant to National Instrument 51‐101 Standards of Disclosure for Oil and Gas Activities and its consolidated financial [Read more]
Kelt Reports Financial and Operating Results for the Quarter and Year Ended December 31, 2019
Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") has released its financial and operating results for the fourth quarter and year ended December 31, 2019. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended December 31 Year ended December 31 (CA$ thousands, except as otherwise indicated) 2019 2018 % 2019 2018 % Petroleum [Read more]
Tamarack Valley Energy Ltd. Announces 2019 Financial Results, Reserves Information and Appointment of Chief Financial Officer
Calgary, Alberta - Tamarack Valley Energy Ltd. (TSX: TVE) ("Tamarack" or the "Company") is pleased to announce its financial and operating results for the three months and year ended December 31, 2019 and the results of its independent oil and gas reserves evaluation as of December 31, 2019, prepared by GLJ Petroleum Consultants Ltd. ("GLJ") (the "GLJ Report"). Selected financial, operational and reserves information is outlined below and should be read with Tamarack's audited consolidated [Read more]
Briko Energy Corp. Announces Director Appointment
Calgary, Alberta--(Newsfile Corp. - March 3, 2020) - Briko Energy Corp. ("Briko" or the "Corporation") is pleased to announce the appointment of David C. Anderson as a new member of the Board of Directors. Since 1993, Mr. Anderson has been the Chief Executive Officer of Winsome Capital Inc., a private venture capital firm. Mr. Anderson co-founded Dixie Energy Trust, Bison Resources and Outrider Resources and is currently the Executive Chairman of Ember Partners, a natural gas to power developer [Read more]
Advantagewon Oil Corp., Completes Work On Second Canadian Well, Discovers Oil Again
Toronto, Ontario - Advantagewon Oil Corp., (CSE: AOC), (OTC Pink: ANTGF), (the "Corporation", "Advantagewon", "AOC") announced today that further to its press release previously issued on February 3, 2020 that the Corporation has completed all of the work on its second Canadian well. The Corporation is pleased to announce that the work was successful, and oil has been discovered. The Corporation is in the process of tying in the well and expects to be able to report flow rates in the next 7 to [Read more]
Chinook Energy Inc. Announces Fourth Quarter and 2019 Results and Reserves
Calgary, Alberta - Chinook Energy Inc. (TSX: CKE) ("our", "we", or "us") is pleased to announce our three months and year ended December 31, 2019 ("Q419" and "2019", respectively) operating and financial results and the results of our year end reserve evaluation effective December 31, 2019 as prepared by our independent evaluator. Our operating and financial highlights for Q419 and 2019 are noted below and should be read in conjunction with our consolidated financial statements for the years [Read more]