BOE Report

Fort McKay First Nation and Suncor Energy to partner on prospective oil sands development opportunity on Reserve Lands

Calgary, Alberta--(Newsfile Corp. - March 7, 2024) - Fort McKay First Nation (FMFN) and Suncor (TSX: SU) (NYSE: SU) today announced the signing of a Memorandum of Understanding (MOU) on a prospective oil sands lease development opportunity on Fort McKay reserve lands in the Regional Municipality of Wood Buffalo and respectively Fort McKay First Nation Traditional Territory. Building on decades of collaboration, the announcement marks a significant milestone for FMFN, a leader in working with [Read more]

Coelacanth Energy Inc. announces capital budget & operations update

Calgary, Alberta--(Newsfile Corp. - March 7, 2024) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that its Board of Directors has approved a capital budget ("Budget") of up to $128 million to be invested in 2024 and Q1 2025. Substantially all of the Budget will be spent at Two Rivers where Coelacanth is developing its large Montney acreage position. Approximately $80 million is to be invested in infrastructure at Two Rivers East where the Company had previously [Read more]

Gear Energy Ltd. announces CEO retirement and appointment of new CEO

Calgary, Alberta--(Newsfile Corp. - March 6, 2024) - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) announces that Ingram Gillmore will be retiring from his role as the President and Chief Executive Officer ("CEO") of the Company effective April 8, 2024. The Company is also pleased to announce that Kevin Johnson will be appointed as the new President and CEO of the Company effective on April 8, 2024. Mr. Gillmore has served as the President and CEO of the Company since [Read more]

Pine Cliff Energy Ltd. announces 2023 annual results, filing of disclosure documents, year-end reserves, provides 2024 guidance, dividend declaration and Executive update

Calgary, Alberta--(Newsfile Corp. - March 4, 2024) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") announces its 2023 annual results, filing of disclosure documents, year-end reserves, provides 2024 guidance, dividend declaration and executive update. Q4 2023 and 2023 annual results are as follows: Generated $9.7 million ($0.03 per basic and fully diluted per share) and $58.7 million ($0.17 per basic and $0.16 per fully diluted share) of adjusted funds flow for the [Read more]

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

Calgary, Alberta--(Newsfile Corp. - March 4, 2024) - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") confirms that the March 2024 monthly dividend of $0.005 per common share is to be paid on March 29, 2024, to shareholders of record on March 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 President Finance [Read more]

Canadian Natural Resources Limited announces quarterly dividend

Calgary, Alberta--(Newsfile Corp. - February 29, 2024) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announces that its Board of Directors approved a 5% increase to its quarterly cash dividend on its common shares to C$1.05 (One dollar and five cents) per common share. The dividend will be payable on April 5, 2024 to shareholders of record at the close of business on March 15, 2024. Since March 2, 2023, the Company has increased its quarterly dividend 24% through three separate [Read more]

Canadian Natural Resources Limited announces 2023 fourth quarter and year end results

Calgary, Alberta--(Newsfile Corp. - February 29, 2024) - Highlighting a successful 2023, Canadian Natural's (TSX: CNQ) (NYSE: CNQ) Chief Financial Officer, Mark Stainthorpe, stated "Through the Company's effective and efficient operations and disciplined capital allocation, we achieved our net debt level of $10 billion in Q4/23, earlier than previously forecasted. As per our free cash flow allocation policy, we will now target to return 100% of free cash flow to shareholders through dividends [Read more]

Baytex announces fourth quarter and full year 2023 financial and operating results and year end reserves

Calgary, Alberta--(Newsfile Corp. - February 28, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") reports its operating and financial results for the three months and year ended December 31, 2023 (all amounts are in Canadian dollars unless otherwise noted). "Our 2023 results demonstrate the strength of our oil-weighted portfolio. The strategic acquisition of Ranger added quality scale in the Eagle Ford and reinforced the resiliency and sustainability of our business. In 2023, we [Read more]

Baytex announces quarterly dividend for April 2024

Calgary, Alberta--(Newsfile Corp. - February 28, 2024) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "company") announces that its Board of Directors has declared a quarterly cash dividend of CDN$0.0225 per share to be paid on April 1, 2024 for shareholders of record on March 15, 2024. The U.S. dollar equivalent amount is approximately US$0.0167 per share assuming a foreign exchange rate of 1.35 CAD/US. Payments to shareholders who are not residents of Canada will be net of [Read more]

Obsidian Energy announces operational update with strong start to 2024 capital program

• Latest Pembina four-well pad produced at peak rate of over 2,000 boe/d at top end of expectations • Continued robust Viking performance with 2023 eight-well pad producing at rates over 1,300 boe/d • Nampa Clearwater well producing at strong early rates with superior oil quality Calgary, Alberta--(Newsfile Corp. - February 28, 2024) - OBSIDIAN ENERGY LTD.(TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an operational update on our [Read more]