BOE Report

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]

Canadian Natural Resources Limited announces quarterly dividend

Calgary, Alberta--(Newsfile Corp. - August 3, 2023) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announces that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.90 (ninety cents) per common share. The dividend will be payable on October 5, 2023 to shareholders of record at the close of business on September 15, 2023. Canadian Natural's growing and sustainable dividend demonstrates the confidence that the Board of Directors has in the [Read more]

Canadian Natural Resources Limited announces 2023 second quarter results

Calgary, Alberta--(Newsfile Corp. - August 3, 2023) - Commenting on the Company's (TSX: CNQ) (NYSE: CNQ) second quarter 2023 results, Tim McKay, President, stated, "Canadian Natural's Q2/23 results demonstrated the advantages of our diverse and balanced asset base by delivering adjusted funds flow of approximately $2.7 billion. As well, we delivered average daily production volumes of approximately 1,194 MBOE/d in the quarter, which was impacted by wildfires in Western Canada, the continued [Read more]

Obsidian Energy announces second quarter 2023 results

Generated funds flow from operations of $87.4 million during the quarter, resulting in free cash flow of $43.0 million Achieved robust production results from 11 new wells drilled on the western side of our Viking play, reaching an average daily peak rate per well of 293 boe/d for the program Enhanced liquidity with a $40.0 million increase to our syndicated credit facility, providing us additional financial flexibility Commenced return of capital to shareholders via the repurchase of [Read more]

Pine Cliff Energy Ltd. announces second quarter 2023 results, operational update, update to 2023 guidance and declaration of monthly dividend

Calgary, Alberta--(Newsfile Corp. - August 1, 2023) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") announces second quarter financial and operating results, an operational update, an update to 2023 guidance and declaration of the monthly dividend. Second Quarter 2023 Results Results from the second quarter include: generated $12.0 million ($0.03 per basic and fully diluted share) and $31.9 million ($0.09 per basic and fully diluted share) of [Read more]

Cardinal Energy Ltd. announces second quarter 2023 operating and financial results

Calgary, Alberta--(Newsfile Corp. - July 27, 2023) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce its operating and financial results for the second quarter ended June 30, 2023. FINANCIAL AND OPERATING HIGHLIGHTS FROM THE SECOND QUARTER OF 2023 Average production volumes of 21,047 boe/d were negatively impacted by approximately 700 boe/d due to short-term shut-in production associated with forest fires in northern Alberta in the second quarter. All [Read more]