CALGARY, Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Corporation") announces the voting results for the election of directors at its annual meeting of shareholders held on June 25, 2020 (the "Meeting"). The following six nominees were elected as directors of InPlay to serve until the next annual meeting of shareholders or until their successors are elected or appointed, with common shares represented at the Meeting voting in favor of individual nominees as … [Read more...]
Painted Pony announces extension of bank line review date
CALGARY, Alberta - Painted Pony Energy Ltd. ("Painted Pony" or the "Corporation") (TSX: PONY) today confirms the execution of an agreement with the Corporation’s syndicate of lenders to extend Painted Pony’s annual borrowing base redetermination date from June 30, 2020 to July 31, 2020. This extension affords both Painted Pony and the syndicate of lenders additional time to evaluate current market conditions as well as proposed Federal Government programs initiated through Export Development … [Read more...]
Cardinal Energy Ltd. announces extension of revolving credit facility
CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) has received approval to extend the revolving period applicable to the Company’s existing reserves-based credit facility to July 15, 2020. The credit facility continues to be available, on a revolving basis, until that date. In connection therewith, the date for the re-determination of the borrowing base has also been extended to July 15, 2020. The extension of the borrowing base re-determination to July 15, 2020 … [Read more...]
Peyto provides operational update and amends credit and note purchase agreements
CALGARY, Alberta - Peyto Exploration & Development Corp. (“Peyto” or the “Company") (TSX: PEY) announces today an operational update, amended credit and note purchase agreements, and reaffirms its 2020 capital guidance supported by the Company’s sustainable business model. The COVID-19 pandemic has had an unprecedented impact on near term hydrocarbon demand and placed a considerable economic burden on a struggling Canadian energy industry. Lower commodity prices, decreased liquidity and … [Read more...]
Petrus Resources announces extension to credit agreement
CALGARY, Alberta - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) announces its syndicate of lenders has extended the borrowing base termination date on its revolving credit facility agreement from June 29, 2020 to July 6, 2020. The extension also includes consent from the lenders to expand the Total Debt to Adjusted EBITDA Ratio covenant from 3.5:1.0 to 3.75:1.0 for the quarter ending June 30, 2020. The Company continues to be in discussions with the bank syndicate on a one year … [Read more...]
TransGlobe Energy Corporation announces an operations update
This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta - TransGlobe Energy Corporation (“TransGlobe” or the “Company”) announces an operations update. All dollar values are expressed in US dollars unless otherwise stated. UPDATES Production has averaged 14,447 Boepd in Q2 2020 to date (April … [Read more...]
Saturn Oil & Gas Inc. announces stock option issuance
CALGARY, Alberta - Saturn Oil & Gas Inc. ("Saturn" or the "Company") (TSX.V: SOIL) (FSE: SMK) announces that pursuant to the Company's Stock Option Plan (the “Plan”), the Board has approved an option grant to certain members of management (excluding the CEO) of an aggregate total of 3,875,000 stock options at a price of $0.10 per common share. As per the Plan, the options granted are exercisable until June 27, 2025, and vest over a period of 36 months from the date of grant. Grant of the … [Read more...]
Toscana Energy announces first quarter 2020 results
CALGARY, Alberta - Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX: TEI) announces financial and operating results for the first quarter ended March 31, 2020. Financial and operating results: This news release summarizes information contained in the Condensed Consolidated Interim Financial Statements (unaudited) and Management’s Discussion and Analysis (“MD&A”) for the three months ended March 31, 2020. This news release should not be considered a substitute for … [Read more...]
TransGlobe Energy Corporation Announces Director/PDMR Shareholdings
AIM & TSX: “TGL” & NASDAQ: “TGA” CALGARY, Alberta, June 26, 2020 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (“TransGlobe” or the “Company”) announces that on May 19, 2020, Randy Neely (President and Chief Executive Officer), and Edward Ok (Vice President Finance and Chief Financial Officer), both persons discharging managerial responsibilities with the Corporation, had Restricted Share Units (“RSUs”) vest. On May 19, 2020, Randy Neely and Edward Ok had Performance Share Units … [Read more...]
TransGlobe Energy Corporation Announces a Change in Auditor
CALGARY, Alberta - TransGlobe Energy Corporation (“TransGlobe” or the “Company”) announces that the Company has changed its auditor from Deloitte LLP ("Deloitte" or “Former Auditor”) to BDO Canada LLP ("BDO" or “Successor Auditor”) effective as of June 24, 2020. At the request of the Company, Deloitte resigned as auditor of the Company effective as of June 24, 2020 (the "Date of Resignation"). BDO was appointed as auditor of the Company effective June 24, 2020, to fill the vacancy from the Date … [Read more...]
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