BOE Report

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

Calgary, Alberta--(Newsfile Corp. - February 1, 2024) - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) confirms that the February 2024 monthly dividend of $0.005 per common share is to be paid on February 29, 2024, to shareholders of record on February 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 [Read more]

Obsidian Energy announces increase in 2023 reserves across all categories

•  Reserve replacement of 124 percent, 157 percent and 217 percent of 2023 production on a proved developed producing ("PDP"), total proved ("1P"), and total proved plus probable ("2P") basis, respectively Calgary, Alberta--(Newsfile Corp. - January 30, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce the results of our independent reserves evaluation for the year ended December 31, 2023 (the "2023 [Read more]

Saturn Oil & Gas Inc. announces 145 million BOE of reserves and proved developed producing net present value 10% of $1.4 Billion

Calgary, Alberta--(Newsfile Corp. - January 30, 2024) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to announce the results of the independent reserves evaluation of the Company's crude oil and natural gas assets, dated January 29, 2024 and effective December 31, 2023, in compliance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101") and in accordance with the Canadian Oil and Gas [Read more]

Greenfire Resources announces operational update, including strong initial refill well results and new WTI hedging program

Calgary, Alberta--(Newsfile Corp. - January 30, 2024) - Greenfire Resources Ltd. (NYSE: GFR) ("Greenfire" or the "Company"), 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 provide an operational update for the fourth quarter of 2023 ("Q4/23"). All dollar amounts reported in this press release are in Canadian dollars unless otherwise noted. Operational [Read more]

Resolute Resources Ltd provides update and initiates strategic review

Calgary, Alberta--(Newsfile Corp. - January 29, 2024) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") would like to provide an update with respect to its oil project in Northwest Alberta and strategic direction going forward. Resolute's Grimshaw channel well demonstrated a new heavy oil pool containing 6o API. Oil samples collected while drilling exhibited light-medium brown oil staining, which visually appeared different to the black 6o API oil collected during the workover [Read more]

Hemisphere Energy provides corporate update, declares quarterly dividend, and announces 2024 guidance

Vancouver, British Columbia--(Newsfile Corp. - January 25, 2024) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide a corporate update, announce the declaration of a quarterly dividend payment to shareholders, and deliver guidance for 2024. Corporate Update Hemisphere realized another successful year in 2023, balancing production growth with balance sheet strength and shareholder return. During the year, $17.5 million was [Read more]

Obsidian Energy announces 2024 guidance with 12 percent growth in average annual production to 36,000 boe/d

• Capital program with 78 operated wells expected to generate 12 percent annual production growth over 2023 • ~$350 million capital program is ~$30 million lower from previous forecast at midpoint • Development plan weighted towards Peace River, expanding on our Bluesky and Clearwater success from 2023 • 2024 plan is expected to generate funds flow from of operations of ~ $400 million and positive free cash flow of ~$27 million at US$75/bbl WTI Calgary, Alberta--(Newsfile Corp. - January 25, [Read more]

Obsidian Energy announces 2024 guidance and webcast

Calgary, Alberta--(Newsfile Corp. - January 22, 2024) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that we expect to release our 2024 capital and operating budget and associated guidance (the "Release") before North American markets open on January 25, 2024. In conjunction with the Release, our President and CEO, Mr. Stephen Loukas and other members of management will host a webcast presentation online at 9:00 a.m. [Read more]

Coelacanth Energy Inc. announces operations update

Calgary, Alberta--(Newsfile Corp. - January 18, 2024) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that it has completed and tested 4 wells at its Two Rivers East Project including 3 Lower Montney Wells and 1 Basal Montney well on the 5-19 pad. LOWER MONTNEY The 3 Lower Montney wells (C5-19, D5-19, E5-19) were drilled with an average horizontal length of 3,140 metres and completed with approximately 2.5 tonnes of sand per horizontal metre. Drilling and [Read more]

Gear Energy Ltd. announces December monthly update to shareholders

Calgary, Alberta--(Newsfile Corp. - January 17, 2024) - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) is pleased to announce that the new December 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 & CFO 403-538-8437 Email: info@gearenergy.com Website: [Read more]