BOE Report

Greenfire Resources’ Announces Expiration and Results of Change of Control Offer for Senior Secured Notes Due 2028

Calgary, Alberta--(Newsfile Corp. - February 20, 2025) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) (“Greenfire” or the “Company”) today announced that the change of control offer made by Greenfire to purchase any and all of its outstanding 12.000% Senior Secured Notes Due 2028 (the “Notes”) expired at 5:00 pm, New York City Time, on February 19, 2025. Greenfire did not extend the offer. As of the expiration of the offer, a total of $5,000 in aggregate principal amount of the Notes had [Read more]

Kelt Reports 2024 Production Volumes and an Update on the Company’s Engineering Evaluator

Calgary, Alberta--(Newsfile Corp. - February 20, 2025) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or "the Company") is pleased to report on its 2024 production volumes and exit rates, together with a change of its qualified reserves evaluator. Kelt's average production for 2024 was 33,115 BOE per day (37% liquids and 63% gas), in line with previous guidance. Kelt ended the year on a strong note exiting with average December production of 38,369 BOE per day (38% liquids and 62% gas). In 2025, [Read more]

Trican Reports Annual Results for 2024, Announces 11% Dividend Increase and Declares Quarterly Dividend

Calgary, Alberta--(Newsfile Corp. - February 19, 2025) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") is pleased to announce its annual results for 2024. The following news release should be read in conjunction with Management's Discussion and Analysis ("MD&A"), the consolidated financial statements and related notes for the year ended December 31, 2024, as well as the Annual Information Form ("AIF") for the year ended December 31, 2024. All of these documents are [Read more]

Obsidian Energy Announces Sale of Operated Pembina Assets for $320 Million in Cash, Equity and Assets

Obsidian Energy to receive $220 million in cash, $85 million in equity and a 34.6 percent interest in the Willesden Green Cardium Unit #2 Field, subject to adjustment in certain circumstances Transaction results in significantly reduced debt and enhanced liquidity Positions Obsidian Energy to continue growth and delineation of Peace River asset with additional optionality from remaining light oil business Calgary, Alberta--(Newsfile Corp. - February 19, 2025) - OBSIDIAN ENERGY LTD. [Read more]

Saturn Oil & Gas Inc. provides operations update highlighted by Q4 2024 production ahead of guidance following successful capital program

Estimated Q4/24 volumes above 41,000 boe/d(1) represents a new corporate record for Saturn Efficient capital program, continued type curve outperformance and production optimization drove volumes Robust hedges on oil prices, differentials and foreign exchange rates help mitigate current market volatility Calgary, Alberta--(Newsfile Corp. - February 19, 2025) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) ("Saturn" or the "Company"), a light oil-weighted producer focused on [Read more]

Greenfire Resources Announces New President and Departure of Senior Executives

Calgary, Alberta--(Newsfile Corp. - February 11, 2025) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company") today announced the appointment of Colin Germaniuk, P.Eng., as President and Adam Waterous as Executive Chairman of the Company. Mr. Germaniuk will report directly to Adam Waterous. Mr. Germaniuk brings extensive experience in thermal oil operations to Greenfire. Prior to joining Greenfire, Mr. Germaniuk spent eight years at Serafina Energy Ltd., a private [Read more]

Lotus Creek Exploration Inc. Announces Listing on TSX Venture Exchange

Calgary, Alberta--(Newsfile Corp. - February 11, 2025) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") is pleased to announce that it has received final approval from the TSX Venture Exchange (the "TSXV") to list the common shares of Lotus Creek (the "Lotus Creek Shares") on the TSXV as a Tier 1 Oil and Gas Issuer. Trading in respect of the Lotus Creek Shares will commence at market open on February 11, 2025, under the symbol "LTC". There are 40,000,000 Lotus Creek [Read more]

Tenaz Energy Corp. announces renewal of normal course issuer bid

CALGARY, ALBERTA--(Newsfile Corp. - February 11, 2025) - Tenaz Energy Corp. ("Tenaz", "our", "we", or the "Company") (TSX: TNZ) is pleased to announce that we have received Toronto Stock Exchange ("TSX") approval of our notice of intention to make a Normal Course Issuer Bid ("NCIB"). The NCIB will commence on February 14, 2025 and end on February 13, 2026, or such earlier date as we may determine or we may complete purchases pursuant to the NCIB. The NCIB will be funded from current cash-on-hand [Read more]

Cardinal Energy Ltd. Announces Monthly Dividend for February

Calgary, Alberta--(Newsfile Corp. - February 10, 2025) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our February dividend of $0.06 per common share will be paid on March 17, 2025 to shareholders of record on February 28, 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]

Suncor Energy Reports Fourth Quarter 2024 Results

Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company's condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting Standard (IAS) 34 Interim Financial Reporting. Production [Read more]