BOE Report

Greenfire Resources Announces Updated Reserves, 72% Increase in 2P Reserves with a $2.7 Billion NPV10 AT and an Evaluation that Incorporates the Company’s Future Growth Plans at the Hangingstone Facilities

Calgary, Alberta--(Newsfile Corp. - December 5, 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, is pleased to announce a summary of the results from the Company's updated independent reserves evaluation, which includes a 72% increase in Total Proved and Probable ("2P") reserves with a net present value after-tax [Read more]

Tuktu Resources Ltd. Announces Operational Update and Stock Option Grant

Calgary, Alberta--(Newsfile Corp. - December 3, 2024) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company") is pleased to announce an operational update and the issuance of stock options to Tuktu's directors and officers as part of the Company's long-term incentive program. Operational Update Tuktu has resumed production on its southern Alberta oil discovery well after the retirement of "overproduced volumes". The well was brought on production on December 1st without incident and [Read more]

Canadian Natural Resources Limited prices US$1,500 million in 5 and 10 year USD Notes and C$500 million in 7 year CAD Notes

Calgary, Alberta--(Newsfile Corp. - December 3, 2024) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) ("Canadian Natural" or the "Company") announces that on December 3, 2024, the Company priced the following unsecured notes (the "notes"): Note Coupon Principal Maturity Price per Note Yield to Maturity 5 year USD notes 5.00% US$750,000,000 December 15, 2029 US$99.968 5.007% 10 year USD notes 5.40% US$750,000,000 December 15, [Read more]

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]