BOE Report

Argo update on Lloyd oil

Toronto, Ontario--(Newsfile Corp. - September 21, 2023) - Argo Gold Inc. ("Argo") (CSE: ARQ) (OTCQB: ARBTF) (XFRA, XSTU, XBER: A2ASDS) announces that drilling has begun at the Lloyd oil well proximal to Lloydminister, Alberta. The Lloyd oil well is a mulit-lateral horizontal oil well targeting 3000 metres in the Sparky oil formation. Argo's interest in Lloyd is pursuant to Argo's second participation agreement with Croverro Energy, whereby Argo is paying the operator 25% of the cost to drill, [Read more]

Obsidian Energy announces three-year growth plan to reach 50,000 boe/d in 2026

Peace River assets drive corporate production growth to 50,000 boe/d in 2026, while maintaining 25 percent flat annual corporate decline rate Peace River area production growth to 24,000 boe/d in 2026 from current rate of 6,600 boe/d, resulting in a nine percent increase in our total liquids weighting to 76 percent Plan generates $291 million of free cash flow from 2024 to 2026 at US$75.00/bbl WTI 2023 capital budget increased to $300 million with recent increase in oil prices [Read more]

Greenfire Resources closes business combination with M3-Brigade Acquisition III Corp., announces public listing on the New York Stock Exchange, senior secured note refinancing and new credit facilities

Calgary, Alberta, and New York, New York--(Newsfile Corp. - September 20, 2023) - Greenfire Resources Inc., a Calgary-based energy company focused on the sustainable production and development of thermal energy resources from the Athabasca region of Alberta, Canada, is pleased to announce that it has closed its business combination with M3-Brigade Acquisition III Corp., a New York Stock Exchange ("NYSE") listed special purpose acquisition company ("MBSC"), which valued Greenfire at US$950 [Read more]

Saturn Oil & Gas Inc. provides operations update highlighted by Spearfish drilling outperformance and updated 2023 guidance

Calgary, Alberta--(Newsfile Corp. - September 20, 2023) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") today announces an operations update highlighted by well performance that has exceeded expectations from the Company's recent Spearfish drilling at the Oxbow area, along with providing updated guidance for the balance of 2023 that reflects lower capital spending with better well performance. "Our Spearfish light oil drilling program has [Read more]

Blacksteel Energy Inc. provides bi-weekly update on status of management cease trade order

Calgary, Alberta--(Newsfile Corp. - September 15, 2023) - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is providing this bi-weekly update on the status of the management cease trade order granted September 1, 2023 (the "MCTO") by its principal regulator, the Alberta Securities Commission, under National Policy 12-203 - Management Cease Trade Orders ("NP 12-203"), following the Corporation's announcement on August 25, 2023 (the "Default Announcement") that it was unable to file its [Read more]

Argo’s Lindbergh oil production for July 2023

Toronto, Ontario--(Newsfile Corp. - September 14, 2023) - Argo Gold Inc. (CSE: ARQ) (OTCQB: ARBTF) (XFRA, XSTU, XBER: A2ASDS) ("Argo") announces its oil production results for the Lindbergh oil well for July 2023. Lindbergh Oil Production Argo's 37.5% interest Argo's Oil Revenue Argo's net operating cash flow July 2023 130 bbl/day 48.6 bbl/day $115,890 $80,262 Drilling commenced at Lindbergh in mid-March 2023 and the oil well came online in late March 2023. Argo [Read more]

Cardinal Energy Ltd. announces monthly dividend for September

Calgary, Alberta--(Newsfile Corp. - September 11, 2023) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our September dividend of $0.06 per common share will be paid on October 16, 2023 to shareholders of record on September 29, 2023. 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 works to continually [Read more]

Kelt provides an update on new gas processing capacity, upcoming plant maintenance and changes to its Board of Directors

Calgary, Alberta--(Newsfile Corp. - September 7, 2023) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") is pleased to provide an update on new gas processing capacity acquired through various firm service arrangements that are expected to provide the Company with the ability to double its current production capability over the next three years. This increase in production capability will come while the Company maintains its oil/gas production mix at similar levels to its current [Read more]

Obsidian Energy announces participation in the Peters & Co. Limited Energy Conference and Peace River growth plan webcast

Calgary, Alberta--(Newsfile Corp. - September 7, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we will be participating in the Peters & Co. Limited 27th Annual Energy Conference (the "Conference") from Tuesday, September 12 to Thursday, September 14, 2023 in Toronto, Ontario at the Ritz-Carlton Hotel. Stephen Loukas, President and CEO will discuss the Company in a presentation at 4:00 p.m. ET (2:00 p.m. MT) [Read more]

Resolute Resources Ltd. announces rig mobilization and spud date

Calgary, Alberta--(Newsfile Corp. - September 6, 2023) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") is pleased to announce that the rig, Stampede #14, has been mobilized to the 5-25-83-24W5 drill pad. The RESOLUTERESLTD HZ ANTHONY 7-24-83-24 is planned to Spud on September 6th, 2023. The well is expected to take 15 days to reach TD on leg 6. Following reaching total depth, a production test is to be performed. Production results should be available approximately 6 weeks [Read more]