BOE Report

Baytex announces sale of Viking assets at Forgan and Plato

Calgary, Alberta--(Newsfile Corp. - November 27, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") today announced that it has entered into a definitive agreement to sell certain of its Viking assets located at Forgan and Plato in southwest Saskatchewan, effective October 1, 2023, for $153.8 million. The disposition is expected to close prior to year-end with net proceeds from the sale to be applied against outstanding bank indebtedness. Production from the assets is approximately [Read more]

Suncor Energy announces restart of production at Terra Nova

Calgary, Alberta--(Newsfile Corp. - November 27, 2023) - Suncor Energy (TSX: SU) (NYSE: SU) today announced that the Terra Nova Floating, Production, Storage and Offloading vessel has safely restarted following the completion of the Terra Nova Asset Life Extension project. Production is expected to ramp up over the coming months. "Focusing on safety and operational integrity, we have brought this key offshore project online, providing additional cash flow for our shareholders as well as many [Read more]

Gear Energy Ltd. announces October monthly update to shareholders

Calgary, Alberta--(Newsfile Corp. - November 23, 2023) - Gear Energy Ltd. (“Gear” or the “Company”) (TSX: GXE) (OTCQX: GENGF) is pleased to announce that the new October 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 & [Read more]

Lycos Energy Inc. announces Q3 2023 financial results, land acquisition and Director retirement

Calgary, Alberta--(Newsfile Corp. - November 22, 2023) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce its operating and financial results for the three and nine months ended September 30, 2023. 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 and nine months ended September 30, [Read more]

Hemisphere Energy announces 2023 third quarter results, declares quarterly dividend, and provides operations update

Vancouver, British Columbia--(Newsfile Corp. - November 21, 2023) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide its financial and operating results for the three and nine months ended September 30, 2023, announce the declaration of a quarterly dividend payment to shareholders, and provide an operations update. Q3 2023 Highlights Second best quarter in corporate history for production, revenue, operating field netback, and [Read more]

Suncor Energy closes purchase of TotalEnergies’ Canadian operations

All financial figures are in Canadian dollars, unless noted otherwise Calgary, Alberta--(Newsfile Corp. - November 20, 2023) - Suncor Energy (TSX: SU) (NYSE: SU) announced today it has closed the transaction to purchase TotalEnergies EP Canada Ltd., which includes the remaining 31.23% working interest in the Fort Hills Project. The $1.468 billion purchase price is subject to closing adjustments typical of transactions of this nature and is based on an effective date April 1, 2023. As a [Read more]

Resolute Resources Ltd announces rig mobilization and spud date

Calgary, Alberta--(Newsfile Corp. - November 20, 2023) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") is pleased to announce that the rig, Precision Drilling Rig #141, is being mobilized to the 14-19-83-23W5 drill pad this week. The RESOLUTERESLTD HZ ANTHONY 11-24-83-24 is planned to Spud on November 23rd, 2023. The well is expected to take ten days to reach total depth ("TD"). Following reaching TD, a production test is to be performed. Production results should be [Read more]

Coelacanth announces Q3 2023 financial and operating results

Calgary, Alberta--(Newsfile Corp. - November 17, 2023) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2023. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Completed two Upper Montney wells on its 10-08 pad at Two Rivers West. Drilled five wells on its 5-19 pad at Two Rivers East. Four wells (three Lower Montney and one Basal [Read more]

Coelacanth Energy announces private placement for aggregate proceeds of $1.5 million

Calgary, Alberta--(Newsfile Corp. - November 15, 2023) - Coelacanth Energy Inc. (TSXV: CEI) (the "Company" or "Coelacanth") is pleased to announce that it intends to complete a non-brokered private placement offering (the "Offering") of 1,875,000 units of the Company ("Units"), at a price of $0.80 per Unit, for aggregate proceeds of $1,500,000. The Offering will be restricted to three key employees being the 2 newly promoted Officers of Coelacanth (Chief Operating Officer and VP Drilling [Read more]

Coelacanth Energy announces completion of its $80 million bought deal financing

Calgary, Alberta--(Newsfile Corp. - November 15, 2023) - Coelacanth Energy Inc. (TSXV: CEI) (the "Company" or "Coelacanth") is pleased to announce that, further to its press release dated October 23, 2023, it has closed its previously announced bought-deal financing (the "Bought-Deal Financing") of 100,000,000 units of the Company (the "Units") at a price of $0.80 per Unit for gross proceeds to the Company of $80 million. The syndicate of underwriters was led by Haywood Securities Inc., as sole [Read more]