BOE Report

Pine Cliff Energy Ltd. declares monthly dividend for December 31, 2024 and extension of increased demand loan

Calgary, Alberta--(Newsfile Corp. - December 3, 2024) - 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 December 31, 2024, to shareholders of record on December 16, 2024. This dividend and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice. On November 29, 2024, Pine Cliff extended a temporary increase in its [Read more]

Baytex announces 2025 budget

Calgary, Alberta--(Newsfile Corp. - December 3, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") is pleased to announce its 2025 budget. "Our 2025 budget demonstrates the strength of our oil-weighted portfolio as we target continued strong performance in the Eagle Ford, further progression of the Pembina Duvernay and capital efficient heavy oil development. We are focused on disciplined capital allocation to prioritize free cash flow while maintaining a strong balance sheet. In [Read more]

Coelacanth Energy Inc. announces operations update

Calgary, Alberta--(Newsfile Corp. - December 3, 2024) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that it has completed and tested 4 additional wells at its Two Rivers East Project including 3 Lower Montney Wells and 1 Upper Montney well on the 5-19 pad. LOWER MONTNEY The 3 new Lower Montney wells (F5-19, G5-19, H5-19) were drilled with an average horizontal length of 3,285 metres and completed with approximately 2.5 tons of sand per horizontal metre. The [Read more]

Gear Energy Ltd. announces a transformative transaction providing shareholders with liquidity and retained ownership in a new growth focused oil company and monthly dividend

Calgary, Alberta--(Newsfile Corp. - December 2, 2024) - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company"), is pleased to announce that it has entered into an arrangement agreement (the "Agreement") with a large publicly traded company (the "Purchaser") pursuant to which the Purchaser will acquire all of the issued and outstanding common shares of Gear (the "Gear Shares"), excluding its Central Alberta, Southeast Saskatchewan, and Tucker Lake properties (collectively, the [Read more]

Tuktu Resources Ltd. announces Q3 2024 results

Calgary, Alberta--(Newsfile Corp. - November 26, 2024) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2024. The unaudited interim condensed financial statements and related management's discussion and analysis ("MD&A") are available on SEDAR+ at www.sedarplus.ca. Select financial and operating information for the three and nine months ended September 30, 2024 appear [Read more]

Tuktu Resources Ltd. announces closing of $10 million marketed public offering of units

Calgary, Alberta--(Newsfile Corp. - November 21, 2024) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company") is pleased to announce the closing of its previously announced "best efforts" prospectus offering (the "Offering") announced on November 4, 2024. Pursuant to the Offering, the Company received gross proceeds of approximately $10.05 million from the issuance of 111,664,805 units of the Company ("Units") at a price of $0.09 per Unit, including a partial exercise of the [Read more]

Hemisphere Energy announces 2024 third quarter results, declares quarterly dividend, and provides operations update

Vancouver, British Columbia--(Newsfile Corp. - November 21, 2024) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide its financial and operating results for the three and nine months ended September 30, 2024, declare a quarterly dividend payment to shareholders, and provide an operations update. Q3 2024 Highlights Achieved quarterly production of 3,621 boe/d (99% heavy oil), an 18% increase over the same quarter last year. [Read more]

Coelacanth announces Q3 2024 financial and operating results

Calgary, Alberta--(Newsfile Corp. - November 21, 2024) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2024. All dollar figures are Canadian dollars unless otherwise noted. FINANCIAL RESULTS Three Months Ended Nine Months Ended September 30 September 30 ($000s, except per share amounts) 2024 2023 % Change 2024 [Read more]

Greenfire acknowledges receipt of WEF letter seeking control of the company without offering a premium to shareholders

Calgary, Alberta--(Newsfile Corp. - November 20, 2024) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company"), a Calgary-based energy company focused on the production and development of thermal energy resources from the Athabasca region of Alberta, Canada, today confirmed it has received a letter (the "WEF Letter") from Waterous Energy Fund III (Canadian) LP, Waterous Energy Fund III (US) LP, Waterous Energy Fund III (International) LP, Waterous Energy Fund III [Read more]

Lycos Energy Inc. Announces Third Quarter Financial Results, Operations and Guidance Update

Calgary, Alberta--(Newsfile Corp. - November 18, 2024) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce its operating and financial results for the three and nine months ended September 30, 2024. Selected financial and operating information is outlined below and should be read with Lycos' unaudited condensed interim consolidated financial statements and related management's discussion and analysis ("MD&A") for the three and nine months ended September 30, [Read more]