BOE Report

Baytex provides update on the impact of the Alberta wildfires

Calgary, Alberta--(Newsfile Corp. - May 8, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") is providing an update on the impact of the wildfires in Alberta to its operations. As a result of the shut-in of third-party infrastructure in west-central and northwest Alberta, approximately 10,000 boe/d (70% crude oil) of sales volumes has been curtailed since the evening of May 5, 2023. Currently, approximately 60% of the curtailed volumes remain on-line and are producing into [Read more]

Canadian Natural Resources Limited reports voting results at annual meeting

Calgary, Alberta - Canadian Natural (TSX: CNQ) (NYSE: CNQ) held its Annual Meeting of the Shareholders on May 4, 2023. The result of the vote by shareholders for each resolution is reported below. The election of the following nominees as directors of the Corporation for the ensuing year or until their successors are elected or appointed. Votes For Votes Withheld Catherine M. Best 772,999,107 94.33% 46,482,273 5.67% M. Elizabeth [Read more]

Baytex announces first quarter 2023 results

Calgary, Alberta - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") reports its operating and financial results for the three months ended March 31, 2023 (all amounts are in Canadian dollars unless otherwise noted). "We continued to deliver on our operating and financial targets in the first quarter, which included strong results from our Peavine Clearwater development. We continue to make significant progress on the Ranger acquisition, which materially increases Eagle Ford scale in [Read more]

Canadian Natural Resources Limited announces 2023 first quarter results

Calgary, Alberta - Commenting on the Company's first quarter 2023 results, Tim McKay, President of Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ), stated, "Canadian Natural delivered strong results in Q1/23 with effective and efficient operations on our balanced and diverse portfolio of high quality assets. Our culture of continuous improvement, focus on cost control and disciplined capital allocation continues to drive strong financial results and maximize value for our shareholders. [Read more]

Obsidian Energy announces strong first quarter 2023 results

Strong performance and production increases from all development areas resulted in 33,153 boe/d average production for the quarter Funds flow from operations was $94.3 million in the quarter (20 percent increase from the first quarter of 2022) Peace River development and exploration program extends Walrus Bluesky play and further delineates acreage for both Bluesky and Clearwater formations Settled $9.8 million of equity award plans in cash as opposed to issuing more shares, given the [Read more]

Kelt Reports financial and operating results for the three months ended March 31, 2023

Calgary, Alberta--(Newsfile Corp. - May 4, 2023) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") reports its financial and operating results to shareholders for the first quarter ended March 31, 2023. The Company's financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended March 31 (CA$ thousands, except as otherwise indicated) 2023 2022 % Petroleum and natural gas [Read more]

Canadian Natural Resources Limited announces quarterly dividend

Calgary, Alberta - 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 July 5, 2023 to shareholders of record at the close of business on June 16, 2023. Canadian Natural's growing and sustainable dividend demonstrates the confidence that the Board of Directors has in the sustainability of our business model, the [Read more]

Gear Energy Ltd. announces first quarter 2023 operating results

Calgary, Alberta - Gear Energy Ltd. (TSX: GXE) ("Gear" or the "Company") is pleased to provide the following first quarter operating update to shareholders. Gear's Interim Condensed Consolidated Financial Statements and related Management's Discussion and Analysis for the period ended March 31, 2023 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Three months ended (Cdn$ thousands, except per share, share and per boe amounts) Mar 31, [Read more]

Pine Cliff Energy Ltd. announces first quarter 2023 results, confirmation of monthly dividend, operational update and information regarding the annual meeting of shareholders

Calgary, Alberta--(Newsfile Corp. - May 2, 2023) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") announces first quarter 2023 financial and operating results, confirmation of monthly dividend, an operational update and information regarding the annual meeting of shareholders. First Quarter 2023 Highlights Highlights from the first quarter include: generated $19.8 million of adjusted funds flow1 ($0.06 per basic and fully diluted share) for the three months ended [Read more]

Advantagewon Oil Corp. closes first tranche of non-brokered private placement

Toronto, Ontario - Advantagewon Oil Corp. (CSE: AOC) (OTC Pink: ANTGF) (the "Company"), is pleased to announce that, further to its news release on April 26, 2023 announcing non-brokered private placement of up to 8,000,000 units of the Company (each a "Unit") at a price of $0.05 per Unit for aggregate gross proceeds of up to $400,000 (the "Offering"), it has closed the first tranche of the Offering through the issuance of 2,600,000 Units at a price of $0.05 per Unit for aggregate gross proceeds [Read more]