BOE Report

Obsidian Energy Announces Extension to Interim President and Chief Executive Officer

Calgary, Alberta--(Newsfile Corp. - January 3, 2023) - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that is has extended Stephen E. Loukas' employment contract as Interim President and CEO to December 31, 2023. "We are pleased to extend Steve's contract to continue to build on all the exceptional steps that have been taken under his guidance," said Gordon Ritchie, Chair of the Obsidian Energy Board of [Read more]

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

Calgary, Alberta -  Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") confirms that the January 2023 monthly dividend of $0.01 per common share is to be paid on January 31, 2023, to shareholders of record on January 16, 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]

Suncor Energy Provides Update on Commerce City Refinery

Calgary, Alberta--(Newsfile Corp. - December 28, 2022) - Suncor Energy (TSX: SU) (NYSE: SU) today provided an update related to its Commerce City refinery. Due to the extreme and record-setting weather impacting much of the United States, including Denver, Colorado, Suncor's Commerce City refinery experienced equipment damage in the days leading up to December 24th, 2022. Consistent with our operational excellence and safe operating practice, on December 24th it was determined that the entire [Read more]

Suncor Energy Provides Update on Acquisition of Teck’s Interest in Fort Hills

Calgary, Alberta--(Newsfile Corp. - December 23, 2022) - Suncor Energy (TSX: SU) (NYSE: SU) ("Suncor") announces that it has been made aware of an application that has been filed today by TotalEnergies EP Canada Ltd. ("Total") in the Court of King's Bench of Alberta related to the validity of the right of first refusal notice ("ROFR Notice") delivered to it by Teck Resources Limited ("Teck") in connection with the sale of Teck's 21.3% interest in Fort Hills to Suncor. Suncor supports Teck's [Read more]

Hemisphere Energy Announces Drilling Program

Vancouver, British Columbia--(Newsfile Corp. - December 19, 2022) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to report that it has commenced a two-well drilling program in the Atlee Buffalo area of southeast Alberta. With service cost increases and labour shortages continuing to impact the industry, Hemisphere has taken advantage of an available rig at lower rates to accelerate its first quarter drilling program to December. While [Read more]

Gear Energy Ltd. announces November monthly update to shareholders

Calgary, Alberta - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") is pleased to announce that the new November 2022 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]

Obsidian Energy announces 2022 operations update, 2023 guidance update, and inaugural ESG Report

Calgary, Alberta- OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to provide an update on our 2022 second half development program, our 2023 guidance, and the release of our inaugural environment, social and governance report for 2021. 2023 GUIDANCE We are committed to delivering a budget that balances production growth and free cash flow generation for 2023. Given the considerable optionality of our asset base [Read more]

Baytex announces 2023 budget with continued focus on free cash flow generation and enhancing direct shareholder returns

Calgary, Alberta - Baytex Energy Corp. (TSX: BTE) ("Baytex") announces that its Board of Directors has approved 2023 exploration and development expenditures of $575 to $650 million, which are designed to generate average annual production of 86,000 to 89,000 boe/d. "We expect to generate record free cash flow in 2022 and our priorities for 2023 remain the same. We will advance development across our high-quality oil weighted portfolio, further delineate our Peavine Clearwater acreage and [Read more]

Pine Cliff Energy Ltd. confirms monthly dividend for December 30, 2022

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 December 30, 2022 to shareholders of record on December 15, 2022. 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]