BOE Report

Baytex announces closing of US$800 million private offering of senior notes

Calgary, Alberta--(Newsfile Corp. - April 27, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") announced today the closing of its private offering (the "offering") of US$800 million aggregate principal amount of senior unsecured notes due 2030 (the "Notes"). The Notes bear interest at a rate of 8.5% per annum and mature on April 30, 2030. The Notes were priced at 98.709% of par to yield 8.75% per annum. The gross proceeds of the offering have been deposited into escrow pending [Read more]

Suncor Energy to acquire TotalEnergies’ Canadian operations for $5.5 billion, plus additional potential payments up to an aggregate maximum of $600 million

Calgary, Alberta - Suncor Energy (TSX: SU) (NYSE: SU) today announced that it has agreed to purchase TotalEnergies' Canadian operations through the acquisition of TotalEnergies EP Canada Ltd., which holds a 31.23% working interest in the Fort Hills oil sands mining project (Fort Hills) and a 50% working interest in the Surmont in situ asset. This will add 135,000 barrels per day of net bitumen production capacity and 2.1 billion barrels of proved and probable reserves to Suncor's oil sands [Read more]

Advantagewon Oil Corp. announces private placement of units

Toronto, Ontario--(Newsfile Corp. - April 26, 2023) - Advantagewon Oil Corp. (CSE: AOC) (OTC Pink: ANTGF) (the "Company"), announces that it plans to complete a non-brokered private placement (the "Private Placement") of units ("Units" or each a "Unit") at a price of $0.05 per Unit for aggregate gross proceeds of up to $400,000. Each Unit will be comprised of one common share in the capital of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant shall [Read more]

Advantagewon Oil Corp.: Default announcement

Toronto, Ontario--(Newsfile Corp. - April 21, 2023) - Advantagewon Oil Corp. (CSE: AOC) (the "Corporation") provides this default announcement indicating the Corporation's anticipated failure to file its annual financial statements for the year ended December 31, 2022, related management discussion and analysis and certifications (collectively, the "Financial Statements") before the prescribed filing deadlines. The Corporation is unable to file its Financial Statements before the required [Read more]

Kelt announces results of shareholders’ meeting

Calgary, Alberta--(Newsfile Corp. - April 20, 2023) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") is pleased to announce that all matters presented for approval at the Annual and Special Meeting of Shareholders held on April 19, 2023 have been fully authorized and approved. A total of 124,181,618 common shares, representing 64.67% of the common shares issued and outstanding, were represented in person or by proxy at the meeting. A brief description of the matters voted upon and [Read more]

Gear Energy Ltd. announces March monthly update to shareholders

Calgary, Alberta - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") is pleased to announce that the new March 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: www.gearenergy.com [Read more]

Hemisphere Energy announces 2022 fourth quarter and record year-end financial and operating results

Vancouver, British Columbia--(Newsfile Corp. - April 20, 2023) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to provide its financial and operating results for the fourth quarter and year ended December 31, 2022. 2022 Highlights Increased annual production to 2,828 boe/d (99% heavy oil), a 55% increase over 2021. Achieved record annual revenue of $96.7 million, a 124% increase over 2021. Realized record annual adjusted funds [Read more]

Cypress Hills Resource Corp. announces $1.35 million non-brokered private placement financing

Vancouver, British Columbia--(Newsfile Corp. - April 17, 2023) - Cypress Hills Resource Corp. (TSXV: CHY) (the "Company") is pleased to announce that it has arranged a non-brokered private placement (the "Private Placement") for total gross proceeds of up to C$1,350,000. The Private Placement will consist of up to 15,000,000 shares at a price of C$0.09 per share. Proceeds of the Private Placement will be used for additional project acquisitions and for general corporate and working capital [Read more]

Baytex announces pricing of upsized private offering of US$800 million of senior notes

Calgary, Alberta--(Newsfile Corp. - April 13, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") is pleased to announce the pricing and upsize to US$800 million of its previously announced private offering (the "offering") of senior unsecured notes due 2030 (the "Notes"). The Notes will bear interest at a rate of 8.5% per annum and mature on April 30, 2030. The Notes were priced at 98.709% of par to yield 8.75% per annum. The closing of the offering is subject to customary closing [Read more]

Baytex announces proposed US$750 million private offering of senior notes

Calgary, Alberta--(Newsfile Corp. - April 12, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") announced today that it intends to offer US$750 million aggregate principal amount of senior unsecured notes due 2030 (the "Notes") in a private offering (the "offering"), subject to market and other conditions. The Notes will pay interest semi-annually in arrears. The final terms of the Notes will be determined at the time of pricing of the Notes. The gross proceeds of the offering [Read more]