CALGARY, AB, May 25, 2023 /CNW/ – Kiwetinohk today announced it has commenced orderly startup procedures at both its Simonette and Placid fields after significant improvement in the wildfire situation in the Fox Creek area. Kiwetinohk’s facilities are safely accessible, however the area remains on high alert despite significant rainfall and the ongoing efforts of firefighters.

Kiwetinohk expects production to ramp up over the next week as long as the fire situation continues to improve, access to third-party infrastructure remains open and support services are available.

The company continues to monitor the wildfire situation closely, protecting worker health and … Continue Reading

CALGARY, AB, May 17, 2023 /CNW/ – Kiwetinohk today announced it has shut down production from its Placid field due to ongoing wildfires in the Fox Creek area. All personnel have been safely evacuated. Kiwetinohk’s Simonette and Placid facilities will remain shut-in until it is safe to re-start and 3rd party infrastructure is operational.

Kiwetinohk continues to monitor this situation working closely with Alberta Wildfire. Safety remains Kiwetinohk’s top priority and the company is actively responding to changes in the wildfire situation to protect people, the environment and assets. We are grateful for the men and women on the … Continue Reading

CALGARY, AB, May 7, 2023 /CNW/ – To protect the health and safety of our employees, contractors and the community, Kiwetinohk has safely shut-in the majority of its Placid operations in response to downstream 3rd party interruptions that are in proximity to the Alberta wildfires.

Safety is our top priority and we are actively responding to changes in the wildfire situation to protect people, the environment and our assets.

We appreciate the hard work of emergency responders protecting our communities and seek to reduce any Kiwetinohk-related traffic in our areas of operations to provide priority to emergency respondents if … Continue Reading

CALGARY, AB, May 3, 2023 /CNW/ – Kiwetinohk Energy Corp. (TSX: KEC) held its Annual Meeting of Shareholders on May 3, 2023. The total number of common shares represented by shareholders at the meeting and by proxy was 37,431,279, representing 84.58% of the Company’s outstanding common shares. Nancy Lever retired from the board of directors of Kiwetinohk and so did not stand for re-election. Management and the board thanks Nancy for all of her hard work, contributions and guidance as a director of Kiwetinohk.

At the meeting, shareholders considered the following resolutions:

1.  Election of Directors: The nine … Continue Reading

Production averaged 23,996 boe/d, in line with guidance

Adjusted funds flow from operations of $76.0 million

Strong operating netback of $36.40/boe

Reduced capital budget and lower forecasted production growth given weaker commodity price outlook

Revised guidance reflects updated budget and outlook

CALGARY, AB, May 2, 2023 /CNW/ – Kiwetinohk Energy Corp. (TSX: KEC) today reported its 2023 first quarter financial and operational results. As companion documents to this news release, please review the Company’s management discussion and analysis (MD&A) and condensed consolidated interim financial statements (available on www.kiwetinohk.com or www.sedar.com) for additional financial and operational details.

Message … Continue Reading

CALGARY, AB, March 22, 2023 /CNW/ – 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 through the Alberta power project approval process.”

Kiwetinohk continues to execute on its Green Energy development plan with a power portfolio consisting of approximately 2,150 MW of solar renewable and low-carbon natural gas-fired … Continue Reading

2022 adjusted funds flow from operations of $6.00/share, on record production growth

Growth in all reserve categories of 18-27% year-over-year

Power plant regulatory approvals on 501 megawatt (MW)

CALGARY, AB, March 8, 2023 /CNW/ – Kiwetinohk Energy Corp. (TSX: KEC) today reported its 2022 fourth quarter, annual financial and operational results, and year-end reserves evaluation. As companion documents to this news release, please review the company’s management discussion and analysis (MD&A), financial statements and annual information form (AIF) (company website or www.SEDAR.com) for additional financial and operational details.

Financial and operating highlights 

Q4 2022

Q3 2022

Q4 … Continue Reading

CALGARY, AB, Feb. 23, 2023 /CNW/ – Kiwetinohk Energy Corp. (TSX: KEC) is aware of a FactSet ownership update report indicated CEO Pat Carlson sold Kiwetinohk shares. FactSet confirms this reported transaction is incorrect and advises the error will be corrected.

Neither Pat nor his spouse have sold Kiwetinohk shares since founding the company in 2018.

About Kiwetinohk

We, at Kiwetinohk, are passionate about addressing climate change and the future of energy. Kiwetinohk’s mission is to build a profitable energy transition business providing clean, reliable, dispatchable, affordable energy. Kiwetinohk develops and produces natural gas and related products and is … Continue Reading

CALGARY, AB, Jan. 23, 2023 /CNW/ – Kiwetinohk Energy Corp. (TSX: KEC) today announced its 2022 fourth quarter production, Green Energy and financial results update as well as a drilling summary.  The company plans to release its 2022 year-end financial results and 2022 reserve report prior to TSX market open on Wednesday, March 8, 2023.

Operational update

Fourth quarter 2022 production sales averaged approximately 24.7 thousand boe/d, above previous November and December monthly guidance of 23-24 thousand boe/d.

Full year 2022 production sales averaged approximately 17.9 thousand boe/d, above previous 2022 annual production sales guidance of 17.4-17.6 thousand

… Continue Reading

TORONTO, Jan. 10, 2023 /CNW/ – Pat Carlson, Chief Executive Officer, Kiwetinohk Energy Corp. (TSX: KEC), and his team joined Berk Sumen, Head, Company Services, Toronto Stock Exchange (TSX), to open the market and celebrate the Company’s new listing to Toronto Stock Exchange.

 

Kiwetinohk’s mission is to build a profitable energy transition business providing clean, reliable, dispatchable, affordable energy. Kiwetinohk develops and produces natural gas and related products and is in the process of developing renewable power, natural gas-fired power, carbon capture and hydrogen clean energy projects.

Additional details are available within the year-end documents available on Kiwetinohk’s website … Continue Reading

CALGARY, AB, Dec. 20, 2022 /CNW/ – Kiwetinohk Energy Corp. (TSX: KEC) is pleased to announce that the Toronto Stock Exchange (TSX) has approved the Company’s application for an automatic share purchase plan (ASPP) and normal course issuer bid (NCIB). The ASPP is intended to allow for the purchase of Kiwetinohk’s common shares under the NCIB at times when Kiwetinohk would ordinarily not be permitted to purchase common shares due to regulatory restrictions and customary self-imposed blackout periods.

The NCIB is anticipated to commence December 22, 2022 and to expire December 21, 2023. Kiwetinohk may purchase up to … Continue Reading

CALGARY, AB, Dec. 14, 2022 /CNW/ – Kiwetinohk Energy Corp. (TSX: KEC) today announced its 2023 budget and three-year outlook. The Company began preparing to launch a normal course issuer bid.

Kiwetinohk’s 2023 budget is focused on delivering multiple strategic initiatives:

High rate of return oil and gas production with strong production per share growth.

Increasing owned gas plant processing capacity to support higher production by the second half of 2023.

Filling majority of 120 MMcf/d of Chicago market Alliance Pipeline capacity with Company natural gas production.

Significant growth in adjusted funds flow (AFF1) and future free funds flow

… Continue Reading