BOE Report

Tuktu Resources Ltd. Announces 2024 Year-End Reserves and Operations Update

Calgary, Alberta--(Newsfile Corp. - March 24, 2025) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company") is pleased to announce the results of its year-end independent oil and gas reserves evaluation as of December 31, 2024 (the "Deloitte Report"), as prepared by its independent qualified reserves evaluator, Deloitte Canada LLP ("Deloitte"), and an operations update on its recently drilled and completed well. 2024 Reserve Report Highlights Proved developed producing reserves [Read more]

Journey Enters into New Relationship with a Canadian Chartered Bank to Help Accelerate Future Duvernay Development

Calgary, Alberta--(Newsfile Corp. - March 19, 2025) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce it has entered into a new lending relationship with a Canadian Chartered bank. Journey has secured a new credit facility with a Canadian Chartered Bank, for up to $55 million consisting of three distinct credit facilities (collectively the "New Credit Facilities"). The first facility is a $12.4 million, two-year amortizing term-loan, the [Read more]

Hemisphere Energy Announces Proved Reserves of $317 Million with Proved Net Asset Value of $3.21 per Fully Diluted Share

Vancouver, British Columbia--(Newsfile Corp. - March 19, 2025) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce highlights from its independent reserves evaluation (the "Reserve Report"), prepared by McDaniel & Associates Consultants Ltd. ("McDaniel") and effective as at December 31, 2024. Hemisphere's estimated 2024 capital expenditures1 of approximately $22 million grew year-end Proved Developed Producing ("PDP") reserves [Read more]

Argo’s January 2025 Oil Production

Toronto, Ontario--(Newsfile Corp. - March 19, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") January 2025 oil production was a total of 3,541 barrels for the month, averaging 114 barrels per day. Oil prices averaged CDN$77.65 per barrel and Argo's January oil revenue was $274,990 and net operating cash flow was $186,454. January 2025 Oil Production Argo's interest Argo's Oil Revenue Argo's net [Read more]

Greenfire Resources Reports Year End 2024 Reserves, Fourth Quarter and Full Year 2024 Results, and Provides an Operational Update

Readers are advised to review the "Presentation of Reserves and Other Oil and Gas Information" and "Non-GAAP and Other Financial Measures" at the conclusion of this news release for information regarding the presentation of the reserves information, as well as certain oil and gas metrics, and certain financial measures that do not have standardized meaning under generally accepted accounting principles, contained in this news release. All amounts in this news release are stated in Canadian [Read more]

Obsidian Energy Provides Update on Offer to Purchase $3.0 Million of our Outstanding Senior Unsecured Notes

Calgary, Alberta--(Newsfile Corp. - March 14, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today provides an update on the previously announced offer (the "Offer") to purchase for cash, up to an aggregate amount of $3.0 million of our outstanding 11.95 percent Senior Unsecured Notes due July 27, 2027 (the "Notes"). The Offer expired on March 11, 2025, and was made on the terms and subject to the conditions set forth in the [Read more]

Saturn Oil & Gas Inc. Announces Record Q4 and Year End 2024 Results and Year End 2024 Reserves

Record 2024 exit volumes of 41,908 boe/d(2) and Q4/24 production of 41,051 boe/d (82% oil and liquids) Adjusted Funds Flow(1) of $2.10/share or $380.1 million in 2024 and $0.64/share or $129.2 million in Q4/24 39% current free funds flow yield(1)(15) based on $133.8 million ($0.74/share) of free funds flow(1) generated in 2024 $5.56/share of net asset value on a proved developed producing (PDP) reserves basis Repurchased a total of 6.7 million shares to date through NCIB, improving [Read more]

Cardinal Energy Ltd. Announces Fourth Quarter 2024 and Year-End Financial Results

Calgary, Alberta--(Newsfile Corp. - March 13, 2025) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce its operating and financial results for the fourth quarter and year ended December 31, 2024. HIGHLIGHTS FROM THE FOURTH QUARTER AND FULL YEAR OF 2024 Average production for the fourth quarter was 21,916 boe/d which led to annual production of 21,776 boe/d, consistent with 2023 despite capital expenditures that were 12% lower year over year; Adjusted [Read more]

Kelt Reports Financial and Operating Results for the Quarter and Year Ended December 31, 2024

Calgary, Alberta--(Newsfile Corp. - March 13, 2025) - 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, 2024. 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 [Read more]

Tenaz Energy Corp. announces 2024 year-end results

CALGARY, ALBERTA--(Newsfile Corp. - March 12, 2025) - Tenaz Energy Corp. ("Tenaz", "We", "Our", "Us" or the "Company") (TSX: TNZ) is pleased to announce financial and operating results for the fourth quarter and year ended December 31, 2024. The related audited consolidated financial statements, as well as Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2024 and Annual Information Form ("AIF") as of December 31, 2024, are available on SEDAR+ at [Read more]