BOE Report

Argo December 2023 oil production

Toronto, Ontario--(Newsfile Corp. - February 8, 2024) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") oil December 2023 oil production reached a record of 3,980.5 barrels for the month, averaging 128.4 barrels per day. Despite low oil prices averaging CDN$43.55 per barrel, Argo's December oil revenue was $173,333 and net operating cash flow was $106,528. December 2023 Oil Production Argo's interest Argo's [Read more]

Greenfire Resources announces TSX listing and approval to commence trading on February 8, 2024, provides release timing for 2024 outlook and conference call

Calgary, Alberta--(Newsfile Corp. - February 7, 2024) - Greenfire Resources Ltd. (NYSE: 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 that the Company's common shares are expected to commence trading on the Toronto Stock Exchange ("TSX") at the opening of the market on Thursday, February 8, 2024 under the ticker symbol [Read more]

Gear Energy Ltd. announces completion of the strategic repositioning process and intention to commence normal course issuer bid

Calgary, Alberta--(Newsfile Corp. - February 6, 2024) - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") announces that the strategic repositioning process has now been completed with the Board of Directors unanimously concluding that the various alternatives presented were not reflective of the Company's underlying value nor compelling relative to the Company's stand-alone prospects for growing shareholder value. STRATEGIC REPOSITIONING PROCESS Gear's Board of [Read more]

Lycos Energy Inc. announces 2024 budget

Calgary, Alberta--(Newsfile Corp. - February 1, 2024) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce its 2024 budget (the "Budget"). 2024 Budget Highlights Capital expenditures (1) of $61.0 million, which includes the drilling of approximately 28 (27.2 net) wells consisting of the following: 10 (9.2 net) fishbone multi-laterals 7 (7 net) wine rack multi-laterals 10 (10 net) conventional multi-laterals 1 (1 net) injectors Lycos' 2024 [Read more]

Pine Cliff Energy Ltd. declares monthly dividend for February 29, 2024

Calgary, Alberta--(Newsfile Corp. - February 1, 2024) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.01083 per common share to be paid February 29, 2024, to shareholders of record on February 15, 2024. The dividend is designated as an eligible dividend for Canadian income tax purposes. About Pine Cliff Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value. [Read more]

Gear Energy Ltd. confirms monthly dividend for February of $0.005 per share

Calgary, Alberta--(Newsfile Corp. - February 1, 2024) - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) confirms that the February 2024 monthly dividend of $0.005 per common share is to be paid on February 29, 2024, to shareholders of record on February 15, 2024. The dividend is designated as an "eligible dividend" for Canadian income tax purposes. FOR FURTHER INFORMATION PLEASE CONTACT: Ingram Gillmore President & CEO 403-538-8463 David Hwang Vice [Read more]

Obsidian Energy announces increase in 2023 reserves across all categories

•  Reserve replacement of 124 percent, 157 percent and 217 percent of 2023 production on a proved developed producing ("PDP"), total proved ("1P"), and total proved plus probable ("2P") basis, respectively Calgary, Alberta--(Newsfile Corp. - January 30, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce the results of our independent reserves evaluation for the year ended December 31, 2023 (the "2023 [Read more]

Saturn Oil & Gas Inc. announces 145 million BOE of reserves and proved developed producing net present value 10% of $1.4 Billion

Calgary, Alberta--(Newsfile Corp. - January 30, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce the results of the independent reserves evaluation of the Company's crude oil and natural gas assets, dated January 29, 2024 and effective December 31, 2023, in compliance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101") and in accordance with the Canadian Oil and Gas [Read more]

Greenfire Resources announces operational update, including strong initial refill well results and new WTI hedging program

Calgary, Alberta--(Newsfile Corp. - January 30, 2024) - Greenfire Resources Ltd. (NYSE: 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 provide an operational update for the fourth quarter of 2023 ("Q4/23"). All dollar amounts reported in this press release are in Canadian dollars unless otherwise noted. Operational [Read more]

Resolute Resources Ltd provides update and initiates strategic review

Calgary, Alberta--(Newsfile Corp. - January 29, 2024) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") would like to provide an update with respect to its oil project in Northwest Alberta and strategic direction going forward. Resolute's Grimshaw channel well demonstrated a new heavy oil pool containing 6o API. Oil samples collected while drilling exhibited light-medium brown oil staining, which visually appeared different to the black 6o API oil collected during the workover [Read more]