BOE Report

Tuktu Resources Ltd. Announces Initial 2025 Capital Budget

Calgary, Alberta--(Newsfile Corp. - January 27, 2025) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company") is pleased to announce its initial 2025 capital budget. The Company's board of directors has approved a capital budget of $6.85 million for the first six months of 2025, which will be used for drilling, completing and equipping one horizontal well and for land acquisitions and production optimization projects. The Company will monitor results from its operations and consider an [Read more]

Gear Energy Ltd. Announces New Corporate Presentation to Shareholders

Calgary, Alberta--(Newsfile Corp. - January 23, 2025) - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) is pleased to announce that a new Corporate Presentation is available to shareholders and can be accessed via the following link January 2025 Corporate Presentation. In addition, Kevin Johnson, President & CEO, has prepared a recorded video of this presentation that is intended to provide additional value to shareholders. This video can be accessed via the following link Corporate [Read more]

Canadian Natural Resources Limited Cautions Investors Regarding TRC Capital’s Below Market “Mini-Tender” Offer

Calgary, Alberta--(Newsfile Corp. - January 22, 2025) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) ("Canadian Natural" or the "Company") has received notice of an unsolicited "mini-‍tender" offer made by TRC Capital Investment Corporation ("TRC Capital") to purchase up to 2,500,000 Canadian Natural common shares, or approximately 0.12% of Canadian Natural's outstanding shares, at a price of C$43.25 per share. The offering price represents a discount of 4.44% to the closing price [Read more]

Suncor Energy to Release Fourth Quarter 2024 Financial Results

Calgary, Alberta--(Newsfile Corp. - January 22, 2025) - Suncor Energy (TSX: SU) (NYSE: SU) will release its fourth quarter financial results on February 5, 2025 before 5:00 p.m. MT (7:00 p.m. ET). A webcast to review the fourth quarter will be held on February 6, 2025 at 7:30 a.m. MT (9:30 a.m. ET). Representing management will be Rich Kruger, President and Chief Executive Officer and Kris Smith, Chief Financial Officer. A question and answer period with analysts will follow brief remarks [Read more]

Coelacanth Energy Inc. Announces Grant of Stock Options and Restricted Share Units

Calgary, Alberta--(Newsfile Corp. - January 20, 2025) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan to acquire up to an aggregate of 3,877,378 common shares ("Common Shares") of the Corporation and the granting of restricted share units ("RSUs") under its restricted share unit plan to obtain up to an aggregate of 2,657,622 Common Shares to certain [Read more]

Pine Cliff Energy Ltd. Announces Natural Gas Supply Agreement for an Alberta Data Centre Development

Calgary, Alberta--(Newsfile Corp. - January 17, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") is pleased to announce that it has entered into definitive agreements with a private company ("PrivateCo") for the supply of between 3.2 MMcf/d1 and 4.8 MMcf/d1 of natural gas for an initial term of 25 years pursuant to a natural gas supply agreement ("Supply Agreement"). PrivateCo has agreed to construct and operate a data centre (the "Data Centre") not [Read more]

Tuktu Resources Ltd. Provides Operational Update

Calgary, Alberta--(Newsfile Corp. - January 15, 2025) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company") is pleased to provide an operational update on its discovery well. On December 3, 2024, the Company issued a press release indicating that its discovery well was brought on production after an extended shut-in period due to normal-course, regulatory requirements. Prior to the obligatory shut-in period, which commenced on October 8, 2024, the well produced at an average rate of [Read more]

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]