BOE Report

Obsidian Energy announces TSX approval of normal course issuer bid

Calgary, Alberta - OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted Obsidian Energy's notice of intention to commence a normal course issuer bid (the "NCIB"). The NCIB allows Obsidian Energy to purchase up to 8,073,847 common shares (representing 10 percent of Obsidian Energy's public float, as defined by the TSX, as of February 13, 2023) over a period of [Read more]

Gear Energy Ltd. Announces Fourth Quarter 2022 Operating Results and Year-End Reserves Summary

Calgary, Alberta--(Newsfile Corp. - February 22, 2023) - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") is pleased to provide the following fourth quarter operating results and reserves summary to shareholders. Gear's Consolidated Financial Statements and related Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2022 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Three months ended  Year [Read more]

Suncor board announces Rich Kruger as new President and Chief Executive Officer

Calgary, Alberta - Suncor (TSX: SU) (NYSE: SU) today announced that its board of directors has unanimously selected Rich Kruger to be the company's next President and Chief Executive Officer, effective April 3, 2023. Mr. Kruger will also join the Suncor Board of Directors. The announcement follows a rigorous global search process conducted by a special committee of the Board. The committee undertook an extensive evaluation of a number of highly qualified candidates with the support of an [Read more]

Hemisphere Energy recognized as Top 50 TSX Venture Exchange company

Vancouver, British Columbia - February 21, 2023) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce that it has been named as one of the top performers on the TSX Venture Exchange ("TSXV") for the second consecutive year. The 2023 TSXV 50 showcases the top 50 of over 1,700 TSXV issuers across five sectors: energy, mining, clean technology, life sciences, diversified industries, and technology. The ranking is an equal weighting of [Read more]

Kelt reports significant increases in oil and gas reserves and provides an operations update

Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") reports on its oil & gas reserves and production for the year ended December 31, 2022. Kelt retained Sproule Associates Limited ("Sproule"), an independent qualified reserve evaluator, to prepare a report on its oil and gas reserves. The report is effective as of December 31, 2022. The Company has a Reserves Committee which oversees the selection, qualifications and reporting procedures of the independent qualified [Read more]

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]