BOE Report

Hemisphere Energy provides operations update and declares a special dividend

Vancouver, British Columbia--(Newsfile Corp. - September 28, 2023) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide an operations update and declare a special dividend to shareholders. Operations Update Hemisphere recently completed its 2023 summer drilling program in the Atlee Buffalo area. Eight wells were drilled with six wells planned as producers, one well designated as an injector, and one well to be produced for several [Read more]

Gear Energy Ltd. announces initiation of a strategic repositioning process and an operational update

Calgary, Alberta--(Newsfile Corp. - September 27, 2023) - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) is pleased to announce the initiation of a strategic repositioning process and an operational update. STRATEGIC REPOSITIONING PROCESS Gear's Board of Directors (the "Board") have commenced a formal process to explore, review and evaluate strategic repositioning alternatives with a view to enhancing shareholder value (the "Strategic Process"). With Gear's top tier [Read more]

WesCan Energy announces resignation of Chief Executive Officer

Calgary, Alberta--(Newsfile Corp. - September 26, 2023) - WesCan Energy Corp. (TSXV: WCE) ("WesCan" or the "Company") is announcing that it received a letter of resignation from its Chief Executive Officer, Greg T. Busby. Mr. Busby's resignation as Chief Executive Officer of the Company will take effect on November 24, 2023 or such earlier date that the Board of Directors may determine. Mr. Busby has advised the Board of Directors of his willingness to support WesCan during this period of [Read more]

Resolute Resources Ltd. announces rig release, operations update and 11-24 well license

Calgary, Alberta--(Newsfile Corp. - September 25, 2023) - Resolute Resources Ltd. (TSXV: RRL) ("Resolute" or the "Company") is pleased to announce that the rig, Stampede #14, was rig released from 5-25-83-24W5 drill pad upon completion of the drilling of the RESOLUTERESLTD HZ ANTHONY 7-24-83-24 well. The RESOLUTERESLTD HZ ANTHONY 7-24-83-24 took 17 days to drill and the final AFE will be within 15% of the previously estimated well costs. Reservoir production testing will commence with results [Read more]

Gear Energy Ltd. announces August monthly update to shareholders

Calgary, Alberta--(Newsfile Corp. - September 21, 2023) - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) is pleased to announce that the new August 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]

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]