FORT WORTH, Texas, Feb. 17, 2015 (GLOBE NEWSWIRE) -- Quicksilver Resources Inc. (OTCQB:KWKA) announced today that the company has decided not to make the approximately $13.6 million interest payment due February 17, 2015 on its 9.125% senior notes due 2019 (the "2019 Notes"). Under the terms of the indenture governing the 2019 Notes, the company has a 30-day grace period before the failure to make the interest payment results in an event of default. The company believes it is in the best [Read more]
Quattro Exploration and Production Ltd. Honored as a TSX Venture 50(R) Company
CALGARY, Alberta, Feb. 11, 2015 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to announce that it has been recognized by TSX Venture Exchange (TSXV) as one of the 2015 TSX Venture 50 companies, a ranking of the top performing companies listed on TSXV last year.Each year, the TSX Venture 50 ranks the top ten companies listed on TSXV across five major industry sectors: Oil and Gas, Mining, Technology & Life Sciences, Diversified [Read more]
Change in CEO
Hamilton, Bermuda, Jan. 19, 2015 (GLOBE NEWSWIRE) -- Golar LNG Limited ("Golar" or the "Company") has today announced that Doug Arnell has decided to step down as CEO of Golar on February 1, 2015. Mr. Arnell's decision is driven by a personal wish to return with his family to his home country of Canada.Mr. Arnell will be succeeded by Gary Smith, who is well known to Golar and who brings with him a track record of leadership and operational management success in the mid-stream oil and gas, [Read more]
Quicksilver Resources to Trade on OTC Marketplace Under New Ticker Symbol “KWKA”
FORT WORTH, Texas, Jan. 8, 2015 (GLOBE NEWSWIRE) -- Quicksilver Resources Inc. (OTC:KWKA) announced today that the company received notification from the New York Stock Exchange (the "NYSE") that the NYSE had determined to commence proceedings to delist the company's common stock in view of its low trading price, and trading in the company's common stock was suspended immediately. The company had previously disclosed that, on October 9, 2014, the NYSE had notified the company that the [Read more]
Quattro Closes Asset Purchase Agreement for 2,000 Well-log Database
CALGARY, Alberta, Dec. 31, 2014 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to announce that it has closed its previously announced asset purchase agreement (the "Agreement") with an Alberta-based private company acquiring the Company's well database. The acquisition was funded with the issuance of 2,000 Class C Preferred Shares ("Preferred Shares") priced @ $100 per share, paying an annual preferred dividend of $8.00 per [Read more]
Quattro Signs Formal Asset Purchase Agreement for 2,000 Well-log Database
CALGARY, Alberta, Dec. 29, 2014 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to announce that it has entered into an asset purchase agreement (the "Agreement") with an Alberta-based private company for the previously announced acquisition of the Company's well database for $200,000 and a GORR of 1.5% on targets developed utilizing the database within the Western Canadian Sedimentary Basin. Pursuant to the terms of the [Read more]
Quattro Completes Two Divestitures of Minor Interests Recording a Net Gain of $417,000
CALGARY, Alberta, Dec. 17, 2014 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to report the completion of two divestitures resulting in total net Gains on Sales of $417,000. In two separate transactions the Company sold a total of 38 boe/d (25% oil and liquids) valued at $1,708,900 or $44,950 per flowing boe. The effective date for these divestitures was November 1st, and December 1st, 2014 with both transactions closing on or [Read more]
Quattro Closes Flow Through Private Placement
CALGARY, Alberta, Dec. 11, 2014 (GLOBE NEWSWIRE) -- Quattro Exploration and Production Ltd. (TSX-V:QXP) ("Quattro" or the "Company") is pleased to report that it has completed a non-brokered private placement (the "Private Placement") in the aggregate amount of $1,008,000 consisting of the issuance of 2,400,000 common shares, on a "flow-through" basis, to Canadian institutional subscribers at a price of $0.42 per common share. Such shares are subject to a four month hold period that expires on [Read more]