BOE Report

Greenfire Resources Announces Reconstitution of the Company’s Board of Directors, Acquisition of Additional Greenfire Securities by WEF and Continuation of the Strategic Review

Calgary, Alberta--(Newsfile Corp. - December 23, 2024) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company"), today announced a reconstitution of Greenfire’s Board of Directors (the “Board”), the termination of the amended and restated Shareholder Rights Plan dated December 7, 2024 (the “Second Rights Plan”) and the acquisition of additional Greenfire Securities by Waterous Energy Fund (“WEF”).  Concurrently, Greenfire and WEF have executed an agreement (the “Investor [Read more]

Journey Energy Posts Updated Presentation

Calgary, Alberta--(Newsfile Corp. - December 23, 2024) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") announces that it has posted a new corporate presentation on the Company's website at www.journeyenergy.ca. The presentation is also available at www.sedarplus.ca. Journey plans on providing 2025 guidance prior to the end of January, 2025. About the Company Journey is a Canadian exploration and production company focused on conventional, oil-weighted [Read more]

Baytex Announces Sale of Kerrobert Thermal Asset

Calgary, Alberta--(Newsfile Corp. - December 20, 2024) -  Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") today announced that it has closed the sale of its Kerrobert thermal asset located in southwest Saskatchewan, for net proceeds of approximately $42 million. Production from the asset is approximately 2,000 bbl/d (100% heavy oil). The non-core disposition further streamlines our portfolio and the net proceeds from the sale will be applied against outstanding bank indebtedness. To [Read more]

Gear Energy Ltd. Announces Name of Spin-Out Company, 2025 Budget, Updated Reserves and Shareholder Meeting Details

Calgary, Alberta--(Newsfile Corp. - December 18, 2024) - As previously announced by Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company"), the Company has entered into an arrangement agreement pursuant to which a large publicly traded company will acquire Gear including its heavy oil assets for $110 million in cash (subject to adjustments) and Gear will transfer its Central Alberta assets, Southeast Saskatchewan assets and, Tucker Lake property to a newly formed entity ("Newco"), [Read more]

Tenaz Energy Corp. announces 2025 guidance and organizational update

CALGARY, ALBERTA--(Newsfile Corp. - December 17, 2024) - Tenaz Energy Corp. ("Tenaz", "Our") (TSX: TNZ) is pleased to announce its 2025 guidance, prior to the closing of the acquisition of NAM Offshore BV ("NOBV"). Tenaz will update its 2025 guidance reflecting additional investment and production from NOBV after closing, which is projected to occur at mid-year 2025 or earlier. Our Board of Directors has approved a drilling and development capital ("D&D CAPEX") budget of $30 to $34 [Read more]

Saturn Oil & Gas Inc. Announces 2025 Capital Budget and Guidance, Operational Update and Three-Year Outlook

Calgary, Alberta--(Newsfile Corp. - December 16, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (OTCQX: OILSF) ("Saturn" or the "Company"), a light oil-weighted producer focused on unlocking value through the development of assets in Saskatchewan and Alberta, is pleased to provide our 2025 development capital budget and annual guidance, along with an operational update and Saturn's outlook for the next three years. "Our development capital expenditures(2) budget of $300 to $320 million is [Read more]

Hemisphere Energy Announces Updates to Its Share-Based Compensation Plans and Grants Incentive Restricted Share Units and Stock Options

Vancouver, British Columbia--(Newsfile Corp. - December 16, 2024) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") announces that its Board of Directors has approved a new Restricted Share Unit ("RSU") Plan and made certain amendments to its existing Stock Option Plan that are intended to comply with the provisions of TSXV Policy 4.4 - Security Based Compensation, as well as other housekeeping changes, both subject to shareholder approval at the next [Read more]

Cardinal Energy Ltd. Announces Redetermination and Upsizing of Credit Facility

Calgary, Alberta--(Newsfile Corp. - December 12, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") announces it has entered into an agreement with its syndicate of lenders to redetermine and increase its credit facilities ("Facilities"). The Facilities were increased to $275 million (previously $200 million) while the revolving period and maturity date remain the same at May 31, 2025 and May 31, 2026, respectively. Cardinal has received a reserve based lending commitment from [Read more]

Suncor Energy Announces 2025 Corporate Guidance

All financial figures are in Canadian dollars, unless noted otherwise Calgary, Alberta--(Newsfile Corp. - December 12, 2024) - Suncor Energy (TSX: SU) (NYSE: SU) Growth in upstream consistent with plan to add over 100,000 bbls/d between 2023 and 2026 Increased refinery utilization reflecting stronger asset performance and market position Lower oil sands costs driven by productivity improvements Disciplined capital program with select high quality strategic investments [Read more]

Argo’s October 2024 Oil Production and Update

Toronto, Ontario--(Newsfile Corp. - December 10, 2024) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") October 2024 oil production was a total of 3,651 barrels for the month, averaging 118 barrels per day. Oil prices averaged CDN$71 per barrel and Argo's October oil revenue was $258,369 and net operating cash flow was $170,041. October 2024 Oil Production Argo's interest Argo's Oil Revenue Argo's net [Read more]