BOE Report

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]

Obsidian Energy announces TSX approval for renewal of normal course issuer bid

Calgary, Alberta--(Newsfile Corp. - February 27, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted Obsidian Energy's notice of intention to renew our normal course issuer bid (the "NCIB"). The NCIB allows Obsidian Energy to purchase up to 7,564,767 common shares (representing 10 percent of the Company's public float, as defined by the TSX, as of [Read more]

Obsidian Energy announces launch of an offer to purchase up to $2.0 million of our outstanding senior unsecured notes

Calgary, Alberta--(Newsfile Corp. - February 26, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced that we have commenced an offer (the "Offer") to purchase for cash, up to an aggregate amount of $2.0 million (the "Maximum Purchase Consideration") of our outstanding 11.95 percent Senior Unsecured Notes due July 27, 2027, ISINs CA674482AA25 (Restricted), CA674482AB08 (144A) and CA674482AC80 (Regulation D), CUSIP [Read more]

Gear Energy Ltd. announces January monthly update to shareholders

Calgary, Alberta--(Newsfile Corp. - February 23, 2024) - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) is pleased to announce that the new January 2024 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 Email: info@gearenergy.com Website: www.gearenergy.com David Hwang Vice President Finance & CFO 403-538-8437 To [Read more]

Cardinal Energy Ltd. announces 2023 year-end reserves

Calgary, Alberta--(Newsfile Corp. - February 22, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to present the results of its independent reserve report effective December 31, 2023. One hundred percent of Cardinal's year-end 2023 reserves were evaluated by independent reserves evaluator GLJ Ltd. ("GLJ") with an effective date of December 31, 2023 (the "2023 Reserve Report"). The 2023 financial information in this news release is unaudited and accordingly, such [Read more]

Saturn Oil & Gas Inc. announces closing of $50 million bought deal private placement offering

Calgary, Alberta--(Newsfile Corp. - February 22, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce that, further to the Company's February 6, 2024 press release, it has closed its previously announced bought deal private placement offering (the "Offering"). Pursuant to the Offering, the Company issued a total of 22,223,000 common shares ("Common Shares") at a price of $2.25 per Common Share for aggregate gross proceeds of [Read more]

Obsidian Energy confirms filing of its 2023 year end disclosure documents

Calgary, Alberta--(Newsfile Corp. - February 22, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that it has filed with Canadian securities regulatory authorities its audited Consolidated Financial Statements for the year ended December 31, 2023, and related Management's Discussion and Analysis ("MD&A"). Obsidian Energy has also filed its Annual Information Form for the year ended December 31, 2023, which includes [Read more]

Kelt reports significant increases in oil & gas reserves and provides an operations update

Calgary, Alberta--(Newsfile Corp. - February 22, 2024) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") reports on its oil & gas reserves and production for the year ended December 31, 2023. Kelt retained Sproule Associates Limited ("Sproule"), an independent qualified reserve evaluator, to prepare a report on its oil and gas reserves. The report is effective as of December 31, 2023. The Company has a Reserves Committee which oversees the selection, qualifications and reporting [Read more]

Obsidian Energy announces fourth quarter and full year 2023 results

•  Average 2023 production increased five percent over 2022 and 12 percent on a per share basis •  Generated funds flow from operations of $377.6 million and free cash flow of $58.5 million •  Repurchased and cancelled six percent of shares outstanding for $47.4 million Calgary, Alberta--(Newsfile Corp. - February 22, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to report strong operating and financial results [Read more]