BOE Report

Obsidian Energy announces 2024 guidance and webcast

Calgary, Alberta--(Newsfile Corp. - January 22, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we expect to release our 2024 capital and operating budget and associated guidance (the "Release") before North American markets open on January 25, 2024. In conjunction with the Release, our President and CEO, Mr. Stephen Loukas and other members of management will host a webcast presentation online at 9:00 a.m. [Read more]

Coelacanth Energy Inc. announces operations update

Calgary, Alberta--(Newsfile Corp. - January 18, 2024) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that it has completed and tested 4 wells at its Two Rivers East Project including 3 Lower Montney Wells and 1 Basal Montney well on the 5-19 pad. LOWER MONTNEY The 3 Lower Montney wells (C5-19, D5-19, E5-19) were drilled with an average horizontal length of 3,140 metres and completed with approximately 2.5 tonnes of sand per horizontal metre. Drilling and [Read more]

Gear Energy Ltd. announces December monthly update to shareholders

Calgary, Alberta--(Newsfile Corp. - January 17, 2024) - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) is pleased to announce that the new December 2023 monthly update to shareholders can be accessed via the following link https://gearenergy.com/updates. FOR FURTHER INFORMATION PLEASE CONTACT: Ingram Gillmore President & CEO 403-538-8463 David Hwang Vice President Finance & CFO 403-538-8437 Email: info@gearenergy.com Website: [Read more]

Resolute Resources Ltd provides Board of Directors update

Calgary, Alberta--(Newsfile Corp. - January 15, 2024) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") announces today that it has accepted the resignations of independent directors Curt Labelle and Chris Wolfenberg from the Board of Directors of the Company. The board would like to thank Mr. Labelle and Mr. Wolfenberg for their service and wishes them all the best in the future. The board is actively engaged in identifying and evaluating alternatives with respect to the [Read more]

Resolute Resources Ltd provides well update

Calgary, Alberta--(Newsfile Corp. - January 12, 2024) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") provides an update in respect of the HZ ANTHONY 12-19-83-23 which commenced drilling November 24th and was completed on December 3rd. Gething channel sand was encountered as per geologic modeling. 2350 metres of open hole were drilled over 4 laterals, which were terminated short due to formation dropping below log verified oil saturation and a desire to avoid unnecessary [Read more]

Obsidian Energy announces 2023 operations update with robust Clearwater results and continued growth plan execution

Peace River Clearwater results yield robust early production rates, continuing to delineate the Dawson area Peace River Bluesky Walrus field results in a successful extension and deeper zone test, adding substantial inventory upside Strong performance resulted in 2023 average production at the top end of our guidance range of 32,500 boe/d Calgary, Alberta--(Newsfile Corp. - January 9, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", [Read more]

Cardinal Energy Ltd. announces monthly dividend for January

Calgary, Alberta--(Newsfile Corp. - January 8, 2024) - 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 15, 2024 to shareholders of record on January 31, 2024. 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]

Saturn Oil & Gas Inc. announces initial production results of first OHML Bakken well above expectations and updated debt covenant

Calgary, Alberta--(Newsfile Corp. - January 4, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce the Company's first Open Hole Mult-Lateral ("OHML") Bakken well drilled in the Viewfield area of Southeast Saskatchewan, 101/01-07-011-06W2 ("Viewfield 01-07"), had initial 30-day average production ("IP30") of approximately 233 bbls/d of light oil, which is 49%1 above the Company's expected IP30 type curves for OHML Bakken [Read more]

Argo’s Oil operations update

Toronto, Ontario--(Newsfile Corp. - January 4, 2024) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") oil production results for November 2023 are: November 2023 Oil Production Argo's interest Argo's Oil Revenue Argo's net operating cash flow Lindbergh 1 (37.5% interest) 88 bbl/day 33 bbl/day $60,429 $36,533 Lloyd (18.75% interest) 230 bbl/day 43 bbl/day $89,208 $78,752 In late [Read more]

Suncor Energy achieves 2023 upstream production corporate guidance

(All figures are approximate) Calgary, Alberta--(Newsfile Corp. - January 3, 2024) - Suncor (TSX: SU) (NYSE: SU) today provided an operational update for the fourth quarter of 2023, highlighting upstream production of 808,000 barrels per day (bbls/d), the second highest quarter in the Company's history. The strong fourth quarter performance results in an annual average upstream production of 746,000 bbls/d, in line with Suncor's corporate guidance provided in November 2022. "I am very [Read more]