BOE Report

Saturn Oil & Gas Inc. announces grant of RSUs to employees and directors

Calgary, Alberta--(Newsfile Corp. - April 3, 2023) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") today announced that the Company has granted 2,500,000 Restricted Share Units ("RSUs) to employees and directors, under the terms of the Company's long term incentive plan ("LTIP). Saturn's Board of Directors made the determination that granting RSUs is a preferable mechanism for the Company's LTIP and will replace the previous grant of inventive [Read more]

Pine Cliff Energy Ltd. declares monthly dividend for April 28, 2023

Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.01083 per common share to be paid April 28, 2023, to shareholders of record on April 14, 2023. The dividend is designated as an eligible dividend for Canadian income tax purposes. About Pine Cliff Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value. Further information relating to Pine Cliff may be found on [Read more]

Gear Energy Ltd. confirms monthly dividend for April of $0.01 per share

Calgary, Alberta--(Newsfile Corp. - April 3, 2023) - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") confirms that the April 2023 monthly dividend of $0.01 per common share is to be paid on April 28, 2023, to shareholders of record on April 14, 2023. 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 President Finance [Read more]

Saturn Oil & Gas Inc. Reports 2022 Year-End Results

Calgary, Alberta--(Newsfile Corp. - March 28, 2023) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to report its financial and operating results for the three and twelve months ended December 31, 2022. "2022 was the most active year for light oil development in Saturn's history. The Company drilled 57.5 net horizontal wells targeting light oil, with 100% success," commented Justin Kaufmann, Chief Development Officer. "In addition to [Read more]

Obsidian Energy comments on Alberta Energy Regulator order regarding water disposal well

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") confirms that the Alberta Energy Regulator ("AER") issued an order (the "Order") regarding the Company's 14-18-082-17W5 water disposal well (the "Water Disposal Well"), located approximately 40 kilometres Southeast of the Town of Peace River. Obsidian Energy is cooperating with the AER and intends to comply with the Order, including establishing seismic monitoring at [Read more]

Suncor Energy announces Daniel Romasko to join Board of Directors

Calgary, Alberta - Suncor Energy (TSX: SU) (NYSE: SU) today announced the appointment of Daniel (Dan) Romasko to the company's Board of Directors. Mr. Romasko's appointment is pursuant to the cooperation agreement with Elliott Investment Management dated July 16, 2022 as amended, and is effective March 23, 2023. "I'm pleased to welcome Dan to the Suncor board," said Board Chair Michael Wilson. "He brings with him significant energy and refining leadership experience, including experience more [Read more]

Obsidian Energy announces syndicated credit facility increase to $200 million

Calgary, Alberta--(Newsfile Corp. - March 22, 2023) - Obsidian Energy Ltd. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce an increase to our syndicated credit facility to $200.0 million from $175.0 million, with an extension of the revolving period to May 31, 2024, and the term-out date to May 31, 2025. The increase was part of our semi-annual borrowing base redetermination, which was completed earlier than normal (typically occurs [Read more]

Gear Energy Ltd. announces February monthly update to shareholders

Calgary, Alberta - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") is pleased to announce that the new February 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]

Blacksteel Energy Inc. announces completion of acquisition of Drakkar Energy and appointment of Bettina Pierre-Gilles as a Director

Calgary, Alberta - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is pleased to announce that it has closed the acquisition of Drakkar Energy Ltd. and has appointed Bettina Pierre-Gilles to the Board of Directors for Blacksteel. Completion of Acquisition of Drakkar Energy Ltd. Blacksteel has completed the acquisition of Drakkar Energy Ltd. through the amalgamation of Drakkar with a wholly owned subsidiary of Blacksteel, thereby consolidating its working interest in the [Read more]

Saturn Oil & Gas Inc. announces 62.9 million BOE of reserves and proved developed producing net asset value (NPV10 BT) increases 54% to $6.92 per fully diluted share

Calgary, Alberta - Saturn Oil & Gas Inc. (TSXV: 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 February 21, 2023 and effective December 31, 2022, 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 Evaluation Handbook (the "Reserve Report"). [Read more]