BOE Report

Cardinal Energy Ltd. Announces the 2025 Budget

Calgary, Alberta--(Newsfile Corp. - January 15, 2025) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce the 2025 budget. 2025 BUDGET HIGHLIGHTS Generate adjusted funds flow(1) of $217 million(2) ($1.30 per diluted share) at US$70 WTI; Average annual production of 21,300 to 21,700 boe/d for 2025 with exit 2025 production in excess of 24,500 boe/d as the Reford project begins to contribute volumes in the fourth quarter of 2025; Executing a [Read more]

Obsidian Energy Announces 2024 Operations Update and Commencement of 2025 Drilling Program

Estimated 2024 average production of approximately 37,450 boe/d exceeded the top end of our guidance range Completion of 2024 capital program provided furthers delineation of Peace River acreage Successful results from first wells drilled in new Peavine and Gift Lake areas in Peace River with the Peavine 8-13 Pad achieving an average 30-day initial production ("IP") rate of 302 boe/d (100 percent oil) per well Pembina results exceeded expectations with current production of over [Read more]

Cardinal Energy Ltd. Announces Monthly Dividend for January

Calgary, Alberta--(Newsfile Corp. - January 13, 2025) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our January dividend of $0.06 per common share will be paid on February 18, 2025 to shareholders of record on January 31, 2025. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal is a Canadian oil and [Read more]

Canadian Natural Resources Limited Announces 2025 Budget

Calgary, Alberta--(Newsfile Corp. - January 9, 2025) - Canadian Natural's (TSX: CNQ) (NYSE: CNQ) President, Scott Stauth, commented on the Company's 2025 budget "Our high quality, diversified asset base combined with our flexible capital allocation strategy is a significant competitive advantage. Our disciplined and focused approach allocates capital and optimizes the product mix based on the highest return projects, maximizing value for our shareholders. Our 2025 operating capital budget of [Read more]

Journey Energy Inc. Provides Update on Encouraging Results from Two New Duvernay Wells

Calgary, Alberta--(Newsfile Corp. - January 6, 2025) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to provide an update on its Duvernay Joint Venture (the "Joint Venture") operations, including the excellent initial test rates achieved by the first two wells. Duvernay Joint Venture Operational Update On May 7, 2024 Journey announced its participation in a 128 section, Joint Venture in the Duvernay. Journey's current working interest in the Joint [Read more]

Suncor Energy Achieves Record Quarterly and Full Year Operational Results

(All figures are approximate) Calgary, Alberta--(Newsfile Corp. - January 6, 2025) - Suncor (TSX: SU) (NYSE: SU) today provided an operational performance update for its upstream and downstream businesses for the 4th quarter and full year of 2024 as summarized below: Upstream Highlights: Record quarterly production of 874,000 bbls/d, up 66,000 bbls/d from 4th quarter 2023 Quarterly upgrader utilization of 103%, with both Syncrude and Base Plant greater than 100% Record [Read more]

Lycos Energy Inc Announces 2025 Budget, Operations Update and Disposition of Non-Core Assets

Calgary, Alberta--(Newsfile Corp. - January 6, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce its 2025 budget, operations update and disposition of non-core assets. 2025 Budget Highlights Lycos is pleased to announce its 2025 budget pro-forma the disposition: Capital expenditures(1) of $80 million, which includes the drilling of approximately 32 (31.82 net) multi-lateral wells. Lycos' 2025 drilling program will target existing pools in the [Read more]

Kelt Provides 2025 Financial and Operating Guidance and Sets Its 2025 Capital Expenditure Budget at $328 Million

Calgary, Alberta--(Newsfile Corp. - January 6, 2025) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") is providing financial and operating guidance for 2025. The Company expects to incur $328.0 million in capital expenditures during the year and is forecasting to generate $345.0 million in adjusted funds from operations in 2025. The following table outlines Kelt's forecasted average commodity price assumptions for 2025 with actual 2023 and forecasted 2024 commodity prices shown [Read more]

Saturn Oil & Gas Completes Vertical Amalgamation and Continuance Into Alberta

Calgary, Alberta--(Newsfile Corp. - January 3, 2025) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) (FSE: SMKA) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through the development of assets in Saskatchewan and Alberta, today announces that, effective January 1, 2025, the Company completed a vertical short-form amalgamation with its wholly-owned subsidiary, Saturn Holdings SK Ltd. (the "Amalgamation"). Additionally, on January 3, 2025, the Company [Read more]

Pine Cliff Energy Ltd. Declares Monthly Dividend for January 31, 2025

Calgary, Alberta--(Newsfile Corp. - January 3, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.005 per common share to be paid January 31, 2025, to shareholders of record on January 15, 2025. This dividend and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice. About Pine Cliff Pine Cliff is a natural gas and crude oil company [Read more]