BOE Report

Obsidian Energy completes offer to purchase $5.0 million of its outstanding senior unsecured notes

Calgary, Alberta--(Newsfile Corp. - August 17, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") today announced completion of its previously announced offer (the "Offer") to purchase for cash, up to an aggregate amount of $5.0 million of our outstanding 11.95 percent Senior Unsecured Notes due July 27, 2027 (the "Notes"). The Offer expired on August 14, 2023, and was made on the terms and subject to the conditions set forth in [Read more]

Suncor Energy declares dividend

All financial figures are in Canadian dollars. Calgary, Alberta--(Newsfile Corp. - August 14, 2023) - Suncor Energy's (TSX: SU) (NYSE: SU) Board of Directors has approved a quarterly dividend of $0.52 per share on its common shares, payable Sept. 25, 2023 to shareholders of record at the close of business on Sept. 1, 2023. Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development, production and upgrading, offshore oil and gas [Read more]

Suncor Energy reports second quarter 2023 results

Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company's condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting Standard (IAS) 34 Interim Financial Reporting. Production [Read more]

Suncor Energy announces executive leadership team changes

Calgary, Alberta--(Newsfile Corp. - August 14, 2023) - Suncor (TSX: SU) (NYSE: SU) announced today a series of changes to its executive leadership team. The changes are designed to drive greater clarity, simplicity and focus on corporate strategy, business fundamentals, execution excellence and sustainability. Following the retirement of three senior executives, the company's leadership team reporting to Rich Kruger, President and Chief Executive Officer will include: Kris Smith, Chief [Read more]

Saturn Oil & Gas Inc. reports Q2 2023 financial and operational results highlighted by record quarterly production and adjusted funds flow

Calgary, Alberta--(Newsfile Corp. - August 14, 2023) - Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to report its financial and operating results for the three and six months ended June 30, 2023. "The three months ended June 30, 2023 represent the first full quarter of positive contribution from the recently completed acquisition of Ridgeback which has driven record quarterly production and cash flow,(1)" commented John Jeffrey, Chief [Read more]

Pine Cliff Energy Ltd. announces appointment of new director

Calgary, Alberta--(Newsfile Corp. - August 10, 2023) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") is pleased to announce the appointment of Hilary Foulkes to its Board of Directors (the "Board"). Ms. Foulkes has over 35 years' experience in oil and gas operations and as an investment banking executive. Ms. Foulkes was previously Executive Vice-President and Chief Operating Officer for a public oil and gas company, responsible for portfolio management, [Read more]

Cardinal Energy Ltd. announces monthly dividend for August

Calgary, Alberta--(Newsfile Corp. - August 10, 2023) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") confirms that our August dividend of $0.06 per common share will be paid on September 15, 2023 to shareholders of record on August 31, 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 improve [Read more]

Argo’s Lindbergh oil production for the second quarter 2023

Toronto, Ontario--(Newsfile Corp. - August 8, 2023) - Argo Gold Inc.(CSE: ARQ) (OTCQB: ARBTF) (XFRA, XSTU, XBER: A2ASDS) ("Argo") announces its oil production results for the Lindbergh oil well including April, May and June 2023. Drilling commenced at the Lindbergh in mid-March 2023 and the oil well came online in late March 2023. Lindbergh Oil Production Argo's 37.5% interest Argo's Oil Revenue Argo's net operating cash flow April 2023 115 bbl/day 43.4 [Read more]

Kelt reports financial and operating results for the three and six months ended June 30, 2023

Calgary, Alberta--(Newsfile Corp. - August 3, 2023) - Kelt Exploration Ltd.(TSX: KEL) ("Kelt" or the "Company") reports its financial and operating results to shareholders for the three and six months ended June 30, 2023. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended June 30 Six months ended June 30 (CA$ thousands, except as otherwise [Read more]

Obsidian Energy announces launch of an offer to purchase up to $5.0 million of its outstanding senior unsecured notes

Calgary, Alberta--(Newsfile Corp. - August 3, 2023) - 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 $5.0 million (the "Maximum Purchase Consideration") of our outstanding 11.95 percent Senior Unsecured Notes due July 27, 2027, CUSIP Nos. CA674482AA25 (Restricted), CA674482AB08 (144A) and CA674482AC80 (Regulation D), ISINs [Read more]