BOE Report

Hemisphere Energy announces 2023 fourth quarter and year-end financial and operating results

Vancouver, British Columbia--(Newsfile Corp. - April 18, 2024) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide its financial and operating results for the fourth quarter and year ended December 31, 2023. 2023 Highlights Increased fourth quarter production by 16% to a record of 3,386 boe/d (99% heavy oil), and annual production by 11% to 3,125 boe/d (99% heavy oil), as compared to 2022. Achieved annual revenue of $84.5 [Read more]

Coelacanth announces Q4 2023 financial and operating results

Calgary, Alberta--(Newsfile Corp. - April 18, 2024) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three months and year ended December 31, 2023. All dollar figures are Canadian dollars unless otherwise noted. 2023 HIGHLIGHTS Drilled five wells on its 5-19 pad at Two Rivers East. Four wells (three Lower Montney and one Basal Montney) were completed in Q4 2023. Combined test production from the three [Read more]

Coelacanth announces 2023 year-end reserves

Calgary, Alberta--(Newsfile Corp. - April 18, 2024) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its 2023 year-end reserves as independently evaluated by GLJ Ltd. ("GLJ") effective December 31, 2023 (the "GLJ Report"), in accordance with National Instrument 51-101 ("NI 51-101") and the Canadian Oil and Gas Evaluation ("COGE") Handbook. All dollar figures are Canadian dollars unless otherwise noted. Introduction During 2023, Coelacanth [Read more]

Tuktu Resources Ltd. announces a brokered private placement of $2.0 million of units and farm-in agreement

Calgary, Alberta--(Newsfile Corp. - April 17, 2024) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company") announces a brokered private placement of up to 40,000,000 units of the Company (the "Units") at a price of $0.05 per Unit (the "Issue Price") for gross proceeds of up to $2,000,000 (the "Offering"). The Offering is being conducted by Canaccord Genuity Corp as the sole agent and sole bookrunner (the "Agent"). Each Unit shall be comprised of one common share in the capital of the [Read more]

Cardinal Energy Ltd. announces April dividend

Calgary, Alberta--(Newsfile Corp. - April 8, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that its April dividend of $0.06 per common share will be paid on May 15, 2024, to shareholders of record on April 30, 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 natural gas [Read more]

Argo’s Year-End 2023 oil Reserves Report

Toronto, Ontario--(Newsfile Corp. - April 8, 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 [Read more]

Argo’s February 2024 oil production

Toronto, Ontario--(Newsfile Corp. - April 4, 2024) - Argo Gold Inc's. (CSE: ARQ) (OTC PINK: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") February 2024 oil production was a total of 3,182 barrels for the month, averaging 110 barrels per day. Oil prices averaged CDN$68 per barrel and Argo's February oil revenue was $215,909 and net operating cash flow was $133,947. February 2024 Oil Production Argo's interest Argo's Oil Revenue Argo's net operating cash [Read more]

Lycos Energy Inc. announces operations update highlighted by wine rack drilling outperformance and updated 2024 guidance

Calgary, Alberta--(Newsfile Corp. - April 3, 2024) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to provide an operations update, preliminary first quarter production results and an increase to guidance. Q1 2024 production is expected to average in excess of 3,800 boe/d (99% crude oil) with forecasted Q2 2024 average production expected to exceed 4,500 boe/d (99% crude oil).  Drilling operations will continue through break up with 7 to 9 wells expected to be drilled in [Read more]

Saturn Oil & Gas Inc. announces annual incentive award grants

Calgary, Alberta--(Newsfile Corp. - April 2, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") today announced that it has granted its annual incentive award grants under the terms of its shareholder approved omnibus long term incentive plan ("LTIP"). The annual grant includes 2,653,518 Restricted Share Units ("RSUs") and 622,530 Performance Share Units ("PSUs") issued to directors, officers and employees of the Company. The awards may be [Read more]

Saturn Oil & Gas Inc. announces sale of non-core Deer Mountain property

Calgary, Alberta--(Newsfile Corp. - April 1, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce the Company has entered into a definitive agreement with a private operator to sell its non-core Deer Mountain property in North Alberta (the "Deer Mountain Block") for cash of $27 million, less customary closing adjustments. The Deer Mountain Block had production of approximately 800 boe/d(1) (93% oil and NGLs) in March 2024, [Read more]