BOE Report

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]

Journey Posts $5.1 Million of Net Income for 2024 and $51.7 Million of Adjusted Funds Flow

Calgary, Alberta--(Newsfile Corp. - March 12, 2025) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce its financial and operating results for the three and twelve month periods ending December 31, 2024. The complete set of financial statements and management discussion and analysis for the periods ended December 31, 2024 and 2023 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. Highlights from 2024 are as [Read more]

Canadian Natural Resources Limited Announces Normal Course Issuer Bid

Calgary, Alberta--(Newsfile Corp. - March 10, 2025) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) ("Canadian Natural") announced today that the Toronto Stock Exchange ("TSX") has accepted notice filed by Canadian Natural of its intention to make a Normal Course Issuer Bid ("NCIB") through the facilities of the TSX or other alternative Canadian trading systems. Purchases may also be made through the facilities of the New York Stock Exchange. The notice provides that Canadian [Read more]