BOE Report

Obsidian Energy announces 2024 development program results above expectations

Substantially completed active first half development program with 32 (31.4 net) operated wells rig released and 30 (29.4 net) operated development wells brought on production to date Robust results from our Peace River Dawson Clearwater development area are encouraging with 1,330 boe/d production (100 percent oil) over the last 30 days Pembina Cardium Unit #9 ("PCU#9") 6-08 Pad wells onstream with a gross average 30-day initial production rate of 403 boe/d (81 percent oil) per [Read more]

Saturn Oil & Gas Inc. announces voting results of AGM

Calgary, Alberta--(Newsfile Corp. - May 28, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce the voting results of its Annual General and Special Meeting of shareholders (the "Meeting") held on May 28, 2024. Saturn is pleased to report that that all matters presented at the Meeting were approved. A total of 102,320,139 common shares representing 63.34% of the total 161,544,643 outstanding common shares ("Common [Read more]

Tuktu Resources Ltd. announces closing of $1.35 million brokered private placement and closing of oil asset purchase in southern Alberta

Calgary, Alberta--(Newsfile Corp. - May 28, 2024) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company") is pleased to announce the closing of the acquisition of southern Alberta oil assets (the "Assets") owned and operated by an arm's length public company, as previously announced in press releases on October 18, 2023 and December 29, 2023. The Company has also completed the brokered private placement (the "Private Placement") announced on April 17, 2024. Pursuant to the Private [Read more]

Cardinal Energy Ltd. announces extension of credit facility

Calgary, Alberta--(Newsfile Corp. - May 27, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") announces it has entered into an agreement with its syndicate of lenders to extend and increase its credit facilities ("Facilities"). The Facilities were increased to $200 million (previously $155 million) and the revolving period and maturity date were extended to May 31, 2025 and May 31, 2026, respectively. In connection with the renewal, Cardinal has received a reserve based [Read more]

Journey Energy Inc. reports on voting from the 2024 annual shareholders meeting

Calgary, Alberta--(Newsfile Corp. - May 23, 2024) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey", or the "Company") announces the voting results from its Annual General Meeting (the "Meeting") held today pursuant to Section 11.3 of National Instrument 51-102 - Continuous Disclosure Obligations. Journey is pleased to report that all resolutions were approved by the shareholders and the details of the voting results are contained below. 1. Fixing the Number of Directors to be [Read more]

Lycos Energy Inc. announces first quarter financial results and operations update

Calgary, Alberta--(Newsfile Corp. - May 22, 2024) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce its operating and financial results for the three months ended March 31, 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 months ended March 31, 2024. These filings are available [Read more]

Pine Cliff Energy Ltd. announces results of shareholders’ meeting and annual stock option grant

Calgary, Alberta--(Newsfile Corp. - May 17, 2024) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce all matters presented for approval at the Annual and Special Meeting of Shareholders on May 16, 2024 (the "Meeting") have been approved. A total of 149,966,568 common shares representing 42.08% of Pine Cliff's issued and outstanding common shares were voted in connection with the Meeting. Each of the six nominees proposed by Pine Cliff and as set out in [Read more]

Argo’s year-end 2023 oil reserves report

Toronto, Ontario--(Newsfile Corp. - May 16, 2024) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") Year-End 2023 Reserves Report ("Reserves Report"), with an effective date of December 31, 2023, is summarized below. The Reserves Report was completed by Petrotech and Associates, an independent qualified reserves evaluator based in Calgary, Alberta, and was prepared in accordance with the Canadian Oil and Gas Evaluation Handbook [Read more]

Greenfire Resources reports voting results from 2024 Annual Meeting of Shareholders

Calgary, Alberta--(Newsfile Corp. - May 15, 2024) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company"), a Calgary-based energy company focused on the sustainable production and development of thermal energy resources from the Athabasca region of Alberta, Canada, is pleased to announce the voting results from its annual meeting of shareholders held May 15, 2024 in Calgary, Alberta (the "Meeting"). Voting Results from the Meeting Each of the matters voted upon at [Read more]

Saturn Oil & Gas Inc. reports Q1 2024 financial and operating results

Calgary, Alberta--(Newsfile Corp. - May 15, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to report its financial and operating results for the three months ended March 31, 2024. "The first quarter development plan returned some of the best results in Saturn's history," commented Justin Kaufmann, Saturn's Chief Development Officer. "These results were from conventional development in Southeast Saskatchewan and the Cardium in [Read more]