BOE Report

Cardinal Energy Ltd. Announces Monthly Dividend for April

Calgary, Alberta--(Newsfile Corp. - April 14, 2025) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our April dividend of $0.06 per common share will be paid on May 15, 2025 to shareholders of record on April 30, 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 natural gas [Read more]

Lycos Energy Inc. Announces 2024 Results

Calgary, Alberta--(Newsfile Corp. - April 8, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce its operating and financial results for the three months and year ended December 31, 2024. Selected financial and operating information is outlined below and should be read with Lycos' audited annual consolidated financial statements, related management's discussion and analysis ("MD&A") for the three months and year ended December 31, 2024, and annual [Read more]

Obsidian Energy Announces Closing of the Operated Pembina Asset Sale for ~ $320 Million

Provides Update on Syndicated Credit Facility Calgary, Alberta--(Newsfile Corp. - April 7, 2025) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that we have closed our previously announced divestiture of our operated Pembina assets (the "Pembina Assets") to InPlay Oil Corp. (TSX: IPO) ("InPlay") (collectively, the "Transaction"). The Company retained our non-operated holdings in the Pembina Cardium Unit [Read more]

Hemisphere Energy Declares Special Dividend

Vancouver, British Columbia--(Newsfile Corp. - April 3, 2025) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce that its board of directors has approved the declaration of a special dividend to shareholders. Special Dividend Given the strong financial position and performance outlook of the Company, Hemisphere's board of directors has approved the declaration of a special dividend of C$0.03 per common share, in accordance with [Read more]

Pine Cliff Energy Ltd. Provides 2025 Capex Guidance and Declares April Dividend

Calgary, Alberta--(Newsfile Corp. - April 2, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or "PNE") is pleased to announce a 2025 capital spending program of approximately $23.5 million. This includes $12.5 million dedicated to strategic drilling in its core Central Alberta area, with the balance allocated for facilities maintenance and asset retirement obligations. Reallocating Capital to Support Drilling Program In 2024, Pine Cliff halted its development [Read more]

Cardinal Energy Ltd. Announces Appointment of New Officers

Calgary, Alberta--(Newsfile Corp. - April 1, 2025) - The Board of Directors of Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce today the appointments of Devin Sundstrom as Vice President, North Area and Heath Williamson as Vice President, Thermal Operations. Mr. Sundstrom joined Cardinal in 2023 as Manager, North Operations. Mr. Sundstrom has over 30 years of experience in the oil and gas industry. Mr. Sundstrom's experience has included production [Read more]

Trican Well Service Ltd. Announces First Quarter 2025 Conference Call

Calgary, Alberta--(Newsfile Corp. - March 31, 2025) -  Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") intends to release its First Quarter 2025 results on Monday, May 12, 2025 after the close of the market. The Company will host a conference call on Tuesday May 13, 2025 at 8:00 a.m. MT (10:00 a.m. ET) to discuss its results for the First Quarter 2025. To listen to the webcast of the conference call, please enter the following URL in your web browser: [Read more]

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]