Strathcona Resources Ltd.

Pipestone Energy Corp. is pleased to report its second quarter 2022 financial and operational results, and to provide an update on its operations. SECOND QUARTER 2022 CORPORATE HIGHLIGHTS: The Company generated record revenue of $210.4 million, which represents more than a two and a half times increase over Q2 2021 revenue of $82.3 million, and a 37% increase from Q1 2022 revenue of $153.5 million; In Q2 2022, Pipestone [...]

Pipestone Energy Pis pleased to report the results of its annual shareholder meeting. The Company held its 2022 annual meeting of the shareholders of Pipestone Energy at 10:00 a.m. virtually. A total of 185,460,783 votes were cast, representing 65.75% of the total 282,091,000 eligible votes, which includes the Company’s issued and outstanding common and preferred share voting rights as of the May 9, 2022 record date for [...]

Pipestone Energy is pleased to report its first quarter 2022 financial and operational results, and to provide an update on its operations, including the encouraging early results from the flowback of its 12-36 eastern exploration well. The Company generated record revenue of $153.5 million, which more than doubled Q1 2021 revenue of $71.5 million, and represents a 12% increase from Q4 2021 revenue of $137.3 million [...]

Pipestone Energy Corp. is pleased to report its fourth quarter and full year 2021 financial and operational results, and to provide an update to its corporate guidance for 2022 and provide a three-year outlook. FOURTH QUARTER 2021 CORPORATE HIGHLIGHTS In Q4 2021, Pipestone achieved record average quarterly production totaling 28,623 boe/d , representing a 16% quarterly increase over Q3 2021, and a 61% increase over Q4 [...]

Pipestone Energy Corp. is pleased to provide an update on its operations with record quarterly production achieved; and to report its year-end 2021 independent reserves evaluation prepared by McDaniel & Associates Consultants Ltd. with an effective date of December 31, 2021 . Recent Operations Highlights: Record Production Volumes: Q4 2021 production averaged 28,623 boe/d , the highest quarterly production since [...]

Pipestone Energy Corp. today announced it has achieved independent certification of all its production from its world class Pipestone Wembley asset under the Equitable Origin EO100™ Standard for Responsible Energy Development. The certified unit is in the Montney formation, located west of Grande Prairie, Alberta, covering more than 90,000 net acres. The company began the process of seeking independent certification [...]

Pipestone Energy Corp. is pleased to announce the Toronto Stock Exchange has accepted the notice filed by the Company to implement a normal course issuer bid . The NCIB allows Pipestone to purchase up to 9,598,347 common shares , representing 5% of its 191,966,942 outstanding Common Shares as at November 12, 2021. The NCIB is scheduled to commence on November 25, 2021 and is due to expire no later than November 24, 2022 [...]

Pipestone Energy Corp. is pleased to report its Q3 2021 financial and operational results, as well as provide an update on its operations. During Q3 2021, Pipestone delivered a third consecutive record quarter with respect to production, revenue, and cash flow, underpinned by the continued efficient execution of its organic development program. Commencing in Q4 2021, the Company expects to generate significant free cash [...]

Pipestone Energy Corp. is pleased to announce that it has successfully increased its Reserve Based Loan to $280 million, from $225 million previously. The Credit Facility upsize is driven by Pipestone's efficient execution of its organic development program, resulting in a significant increase to its proved producing reserve value during 2021. The larger credit capacity provides Pipestone with increased liquidity and [...]

Pipestone Energy Corp. is pleased to announce that Kim Anderson has been appointed to the Pipestone Energy Board of Directors effective September 24, 2021 and will also serve as a member of the Audit Committee. Ms. Anderson is currently the Chief Financial Officer of Heartland Generation, and prior to that was Chief Financial Officer of TSX-Listed Athabasca Oil Corporation. Ms. Anderson holds a Bachelor of Commerce [...]