BOE Report

Coelacanth announces Q1 2024 financial and operating results

Calgary, Alberta--(Newsfile Corp. - May 30, 2024) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2024. All dollar figures are Canadian dollars unless otherwise noted. FINANCIAL RESULTS Three Months Ended March 31 ($000s, except per share amounts)  2024   2023  % Change Oil and natural gas [Read more]

Hemisphere Energy announces 2024 first quarter results, declares quarterly dividend, renews credit facility, and provides operations update

Vancouver, British Columbia--(Newsfile Corp. - May 29, 2024) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") provides its financial and operating results for the first quarter ended March 31, 2024, declares a quarterly dividend payment to shareholders, renews credit facility, and provides operations update. Q1 2024 Highlights Produced a quarterly average of 3,133 boe/d (99% heavy oil), including significant downtime in January and early February [Read more]

Obsidian Energy announces Peace River acquisition and increased 2024 average production guidance

•  Peace River Peavine and Gift Lake acquisition provides additional production, reserves and development potential along the Clearwater trend from our successful Dawson field •  2024 Guidance revised to reflect the acquisition, reduced capital expenditures and higher average production, funds flow from operations and free cash flow with oil / liquids weighting increased to 70 percent Calgary, Alberta--(Newsfile Corp. - May 28, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) [Read more]

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]