BOE Report

Hemisphere Energy grows proved reserve value to $309 million and proved net asset value to $2.92 per fully diluted share

Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce highlights from its independent reserves evaluation (the "Reserve Report"), prepared by McDaniel & Associates Consultants Ltd. ("McDaniel") and effective as at December 31, 2022. In 2022, Hemisphere invested $18.4 million to drill 13 wells, implement a polymer-surfactant flood in the Upper Mannville F oil pool ("F pool"), upgrade facilities in Atlee [Read more]

Suncor Energy Reports Fourth Quarter 2022 Results

Calgary, Alberta--(Newsfile Corp. - February 14, 2023) - Suncor Energy Inc. (TSX: SU) (NYSE: SU) "In 2022, we returned nearly $8 billion of value to our shareholders through dividends and share repurchases, representing approximately 43% of our record adjusted funds from operations of $18 billion," said Kris Smith, Interim President and Chief Executive Officer. "We allocated nearly 60% of our excess funds to share buybacks and approximately 40% to debt reduction, and we're exiting the year [Read more]

Suncor Energy declares dividend

Calgary, Alberta - 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 March 24, 2023 to shareholders of record at the close of business on March 3, 2023. Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the U.S. and the company's Petro-Canada retail and [Read more]

Altima secures joint venture for hydrogen technology

Vancouver, British Columbia - Altima Resources Ltd. (TSXV: ARH) ("Altima" or the "Company") announces it has reached an agreement through a binding term sheet (the "Terms") with St-George Eco-Mining Corp (CSE: SX) and its wholly owned subsidiary, H2SX Corp. (the "H2SX") with the intent to form an exclusive partnership, whereby Altima will use H2SX's technology partner's patented hydrogen production (ccH2™) and nano-carbon technology for the conversion of natural gas originating from gas & [Read more]

Saturn Oil & Gas Inc. announces successful results of 2022 drilling program and record production in Q4 2022

Calgary, Alberta - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) (OTCQX: OILSF) ("Saturn" or the "Company") is pleased to provide results from its 2022 capital expenditure program and operational highlights. The 2022 capital program totaled approximately $89.1 million with 80% of expenditures directed to horizontal drilling in Saturn's two operational areas, the Oxbow Asset in Southeast Saskatchewan, and the Viking Asset in West-central Saskatchewan. The balance of capital expenditures was [Read more]

WesCan Energy acquires additional lands at Provost

Calgary, Alberta - WesCan Energy Corp. (TSXV: WCE) ("WesCan" or the "Company") is pleased to announce that it has successfully closed the acquisition of additional lands within the Company's core area at Provost, Alberta. Further to the Company's news release on January 19, 2023, wherein, the overall drilling operations and related production from the success of the "new" well provided valuable geological data that was supportive of continuing its preliminary work for a second multi-leg [Read more]

Blacksteel Energy Inc. announces signing of definitive agreement to acquire Drakkar Energy, financing progress and operational update

Calgary, Alberta - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is pleased to announce that it has signed an agreement (the "Definitive Agreement") for the acquisition of all of the shares of Drakkar Energy Ltd. ("Drakkar") and has completed an additional tranche of its private placement financing (the "Financing") of common and flow through shares. Signing of Definitive Agreement with Drakkar Energy Ltd. The Definitive Agreement involves a three-cornered amalgamation of [Read more]

Saturn Oil & Gas Inc. announces listing of subscription receipts on TSXV

Calgary, Alberta - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) ("Saturn" or the "Company") is pleased to announce that, further to the Company's January 31, 2023 press release, the Subscription Receipts (as defined below) will be listed for trading on the TSX Venture Exchange under the symbol "SOIL.R" effective at the opening of markets on February 3, 2023. On January 31, 2023, the Company closed its previously announced bought deal offering (the "Bought Deal Offering") and issued a [Read more]

Suncor closes purchase of additional interest in Fort Hills project

Calgary, Alberta - Suncor Energy (TSX: SU) (NYSE: SU) today announced that it has closed the transaction to purchase an additional 14.65% working interest in the Fort Hills Project from Teck Resources Limited ("Teck"). As announced by TotalEnergies on January 27, 2023, TotalEnergies EP Canada Ltd. has provided notice of the exercise of its contractual right of first refusal to acquire the remaining 6.65% of Teck's interest. "I'm pleased to increase our ownership in the Fort Hills Project," [Read more]

Pine Cliff Energy Ltd. confirms monthly dividend for February 28, 2023

Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") confirms a monthly dividend of $0.01083 per common share is to be paid February 28, 2023, to shareholders of record on February 15, 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]