Month: March 2023

CALGARY, Alberta – Prairie Provident Resources Inc. (TSX: PPR) (“Prairie Provident” or the “Company”) is pleased to announce that it has completed the issuance of second lien notes due December 31, 2024 in the principal amount of US$3.64 million (equivalent to approximately C$5 million) (the “Second Lien Notes”) with certain affiliates of PCEP Canadian Holdco, LLC … Read more

Hammerhead Energy Inc. (“Hammerhead Energy” or “HEI”) (TSX: HHRS, HHRS.WT ; NASDAQ: HHRS, HHRSW) is pleased to announce record 2022 annual financial and operating results, year-end 2022 reserves and provide 2023 guidance. On February 23, 2023, HEI completed a plan of arrangement pursuant to a business combination agreement with Decarbonization Plus Acquisition Corporation IV (“DCRD”), an … Read more

CALGARY, Alberta – Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company’s website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. … Read more

Transactions include Senior Credit Facility Extension, New Second Lien Financing, Repayment of Subordinated Notes with Equity and related Warrant Exercise, and Brokered Equity Financing Completion will significantly reduce total indebtedness by $68 million, repositioning the Company to be 1.5x to 2.0x exit debt-to-EBITDA with estimated free funds flow of $17 million to $22 million in … Read more

CALGARY, AB, March 29, 2023 /CNW/ – Vermilion Energy Inc. (“Vermilion”) (TSX: VET) (NYSE: VET) is pleased to confirm the closing of the previously announced sale of non-core assets in southeast Saskatchewan for gross proceeds of $225 million, prior to closing adjustments. The assets are comprised of approximately 5,500 boe/d of non-core light oil production spread across the greater Arcola and Queensdale areas of southeast Saskatchewan. … Read more

Alberta, Canada – Alberta’s Industrial Heartland Association welcomes initiatives announced in Budget 2023-24 that will enhance the competitiveness of Alberta’s Industrial Heartland (AIH) through targeted incentives and supports. Initiatives such as an Investment Tax Credits (ITC) for hydrogen production and a pending ITC for Carbon Capture, Utilization and Storage will help level the playing field with … Read more

Calgary, Alberta–(Newsfile Corp. – March 28, 2023) – Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) (OTCQX: OILSF) (“Saturn” or the “Company“) is pleased to report its financial and operating results for the three and twelve months ended December 31, 2022. “2022 was the most active year for light oil development in Saturn’s history. The Company … Read more

March 28, 2023 FOR IMMEDIATE RELEASE Calgary, AB – Today Canada announced its 2023 budget. The Indigenous Resource Network (IRN) has done significant advocacy work in the lead up to this announcement. IRN started with the launch of our Ownership Changes Everything campaign advocating for a National Indigenous Guaranteed Loan program. In January we put more … Read more

CALGARY, Alberta, March 29, 2023 (GLOBE NEWSWIRE) — Prospera Energy Inc. PEI: TSX-V; OF6A: FRA, OTC: GXRFF Approximately, two years ago Prospera was restructured to be profitable and compliant from a terminal position. Although the focus was to increase production rapidly, Prospera has commendably managed to address 400+ non-compliances and abandoned 60 wells. As a result, … Read more

In response to the release of the Government of Canada’s 2023 budget today, the International CCS Knowledge Centre welcomes the additional clarification and extended measures to support the development of large-scale carbon capture and storage (CCS/CCUS) projects in Canada that were included in the federal budget. The Knowledge Centre’s President and CEO James Millar said: “While … Read more

CALGARY, AB – Spartan Delta Corp. (“Spartan” or the “Company“) (TSX: SDE) is pleased to announce that it has entered into a definitive purchase and sale agreement (the “Agreement“) with Crescent Point Energy Corp. (“Crescent Point“) which provides for the sale of the Company’s Gold Creek and Karr Montney assets (the “Assets“) for cash consideration of $1.7 billion, subject to customary adjustments as … Read more

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, March 28, 2023 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) released its fourth quarter and year-end … Read more

CALGARY, AB – Yangarra Resources Ltd. (“Yangarra” or the “ Company “) (TSX: YGR) announces the closing of its recently announced bought deal equity financing, completed by way of a short form prospectus, for the sale of 6,791,440 common shares issued on a flow-through basis (the “FT Shares“) in respect of Canadian development expenses (“CDE“) at a price of $2.54 per FT Share, … Read more

Calgary, Alberta–(Newsfile Corp. – March 27, 2023) – OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) confirms that the Alberta Energy Regulator (“AER“) issued an order (the “Order“) regarding the Company’s 14-18-082-17W5 water disposal well (the “Water Disposal Well“), located approximately 40 kilometres Southeast of the Town of Peace … Read more

Shares of Obsidian Energy Ltd fell as much as 4% pre-market on Friday after Alberta’s energy regulator said the Canadian oil and gas producer triggered a series of earthquakes in the province between November and March. The Alberta Energy Regulator’s (AER) environmental protection order against Obsidian came late on Thursday, following a separate study published by Stanford … Read more

Calgary, Alberta – Suncor Energy (TSX: SU) (NYSE: SU) today announced the appointment of Daniel (Dan) Romasko to the company’s Board of Directors. Mr. Romasko’s appointment is pursuant to the cooperation agreement with Elliott Investment Management dated July 16, 2022 as amended, and is effective March 23, 2023. “I’m pleased to welcome Dan to the Suncor … Read more

REGINA, SK / ACCESSWIRE / March 23, 2023 / ROK Resources Inc. (TSXV:ROK)(TSXV:ROK.WT) (the “Company” or “ROK“) is pleased to announce it has entered into separate Asset Purchase and Sale Agreements (the “Dispositions“) to divest of certain non-core assets in Saskatchewan for total combined proceeds of approximately $47.25 million, which includes the sale of ROK’s non-operated 2.11685% … Read more

CALGARY, Alberta – Crew Energy Inc. (TSX: CR; OTCQB: CWEGF) (“Crew” or the “Company“), a growth-oriented, liquids-rich natural gas producer operating in the world-class Montney play in northeast British Columbia (“NE BC“), is pleased to announce today the issuance of a notice of redemption for $172 million principal amount of 6.5% senior unsecured notes (the “Notes“) due March … Read more

CALGARY, AB – Kiwetinohk Energy Corp. (TSX: KEC) today announced the departure of John Maniawski, President of the Green Energy division effective immediately. “On behalf of the Board of Directors and our staff, I would like to thank John for his contributions to Kiwetinohk,” said CEO Pat Carlson. “John led the power team to advance seven projects to various degrees … Read more

Calgary, Alberta–(Newsfile Corp. – March 22, 2023) – OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to announce an increase to our syndicated credit facility to $200.0 million from $175.0 million, with an extension of the revolving period to May 31, 2024, and the term-out date … Read more

CALGARY, Alberta – Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) announces the release of its fourth quarter and full year 2022 financial and operating results and year end 2022 reserves. Pieridae generated Net Operating Income (“NOI”)1 of $201 million and made term debt principal repayments totalling $48 million during 2022. In addition, the Company filed its Annual … Read more

CALGARY, AB – Tenaz Energy Corp. (“Tenaz”, “We”, “Our”, “Us” or the “Company”) (TSX: TNZ) is pleased to announce financial and operating results for the three months and year ended December 31, 2022 and provide a year-end 2022 reserves summary of its independent reserve report (the “McDaniel Report”), prepared by McDaniel and Associates Consultants Ltd. (“McDaniel”) dated March 15, 2023 with an … Read more

Digital Marketing is More Important than Ever! STAND OUT From Your Competition in 2023 with EnergyNow! Access EnergyNow’s Audience of over 240,000 North American Energy Professionals As Your Digital Marketing Partner, EnergyNow will: CONSISTENTLY market your company on all EnergyNow platforms  (websites, emails & social media) SHOWCASE your products and services to a large energy … Read more