petroshale north dakota office

PetroShale's strategic objectives associated with the 2022 capital budget are consistent with the New Management Team's long term objectives of delivering disciplined per share growth in combination with maintaining financial flexibility. north dakota industrial commission date: december 8, 2020 daily report: 18155 permits approved: #38013 - petroshale (us) inc., thompson federal 4tfh, nwnw 30-149n 95w, mckenzie, 620' fnl and 560' fwl, confidential, development, bear den, 2479' ground, api 33-053-09612 #38014 - petroshale (us) inc., la verendrye federal 4mbh, nwnw 30-149n . 1801 BROADWAY STE 920 DENVER, CO 80202-3805 Mailing Address. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. North Dakota limits bathroom use for transgender people Support local journalists and the next generation of journalists. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. Contact Us Regarding Your Company Profile All Companies Named PETROSHALE (US) INC. Search All North Dakota Companies Learn About Our Pro Search Subscription Service The information on this page is being provided for the purpose of informing the public about a matter of genuine public interest. of 6,592 BBLs oil We are a technically driven company focused on land interests with near term drilling exposure. (jb) Youre invited to participate in a stock trading simulation contest featuring this years top 50 performing public venture companies on TSX Venture Exchange. This story was provided by Market One Media Group for commercial purposes. Jan 2017 - Apr 2023). Petro-Hunt has active operations in eight counties in North Dakota and four in Montana. Contact Name: NORTHWEST REGISTERED AGENT Contact Phone: (303) 297-1407 Business Address: Petroshale (us) Inc. 303 E 17th Ave Ste 940 DENVER , CO . We encountered an issue signing you up. Dickinson Police Department mourns loss of veteran officer The reserve information for PetroShale in the foregoing table is derived from the independent engineering report effective December 31, 2020 prepared by Netherland Sewell & Associates evaluating the oil, NGL and natural gas reserves attributable to all of the Company's properties. Unauthorized distribution, transmission or republication strictly prohibited. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Subscribe now to receive immediate access to. . PacerMonitor A Fitch Solutions Service Features Plans & Pricing About. Track A&D/M&A transactions by: buyer, seller, deal value, production, reserves, acreage, price per BOE, Access select maps from operator presentations for acreage, acquisitions, trends, and more, Track the latest well results and performance from operators in the Permian-basin, Track spending quarter by quarter as operators adjust spending throughout the year, Property Listings (Assets for sale by Operator, State, County, Region, Type), Still not sure? Williston Basin Oil And Gas Non Competitive Lease Tel: 303-382-1914 Doug Burgum today signed House Bill 1540, which provides nearly $66 million to support child care services and help address a major barrier to workforce participation as North Dakota continues to face a severe workforce shortage. 350 - 7th Ave SW, Suite 3900. 303 E 17th Ave Ste 940 303 E 17th Ave Ste 940 Petroshale (Us) Inc. | North Dakota Oil & Gas Producer - DrillingEdge CALGARY, AB, Jan. 13, 2022 /CNW/ - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH) (OTCQB: PSHIF) is pleased to announce the appointment of a new management team (the "New Management Team") led by Brett Herman as President & Chief Executive Officer, Jason Skehar as Chief Operating Officer, Marvin Tang as Vice President, Finance & Chief Financial Officer, Sandy Brown as Vice President, Geosciences, Kristine Lavergne as Vice President, Engineering, and Shane Manchester as Vice President, Operations. Location The map below shows the exact location of the asset in the state of North Dakota in the United States. More particularly, this press release contains forward-looking statements concerning: the number, the price and the type of securities to be issued by PetroShale pursuant to the Private Placements; the aggregate proceeds from the proposed Private Placements and the anticipated use of proceeds therefrom; PetroShale's estimates of year end net debt, including following the Private Placements; estimated cash flow from PetroShale's assets; the new and existing directors of the PetroShale Board and members of the New Management Team following completion of the Private Placements; PetroShale's future production estimates; the manner in which the 2022 capital budget will be spent, including the types of capital expenditures; the ability of incoming New Management Team to repeat its financial and operational success through on completion of the Private Placements; the business plan of PetroShale following the completion of the Private Placements; the expectations relating to business advantages and opportunities in the oil and gas industry given current market conditions; expectations as to the corporate decline rate and capital efficiency; the expectation that the name of the Company will be changed following completion of the Private Placements. . The Venezuelan Finance Ministry yesterday said that the China Development Bank will finan Italian oil major, Eni commenced gas production from the Sankofa field in the Offshore Ca Oil prices fell yesterday as US President Donald Trump asked OPEC to REDUCE PRICING NOW Visibility in the global oil & gas community, Access to thousands of global oil & gas tenders. Petroshale: Junior Oil Play With Big Potential - SeekingAlpha All securities issued in connection with the Private Placements will be subject to a Canadian statutory hold period of four months plus one day from the respective date of closing. Without limitation, prospective investors should consider the advice of their financial, legal, accounting, tax and other advisors and such other factors they consider in investigating and analyzing PetroShale and the New Management Team. The New Management Team believes PetroShale's assets, currently producing in excess of 10,000 boe/d (approximately 85% light oil and natural gas liquids) offer compelling economic returns. Copyright 2023 CNW Group Ltd. All Rights Reserved. Denver, CO 80203 USA, 1800 350 7th Avenue SW Closing of the Brokered Private Placement is expected to occur on or about February 2, 2022. Strategy to acquire and develop tier one leases in the core of the prolific Williston Basin, where the Bakken / Three Forks resource is the most intense with stacked pay zones, offering compelling economic returns. Suite 720 The Warrants will vest and become exercisable as to one-third upon the 20-day volume weighted average trading price of the Common Shares (the "Trading Price") equalling or exceeding $0.67 per Common Share, an additional one-third upon the Trading Price equalling or exceeding $0.83 per Common Share and the final one-third upon the Trading Price equalling or exceeding $0.95 per share. CALGARY, AB - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH) (OTCQB: PSHIF) is pleased to announce the appointment of a new management team (the "New Management Team") led by Brett Herman as President & Chief Executive Officer, Jason Skehar as Chief Operating Officer, Marvin Tang as Vice President, Finance & Chief Financial Officer, We are a pure-play North Dakota Bakken producer . Suite 600 We apologize, but this video has failed to load. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Clerk's office added description of Attachment A. coming Shale Experts offers the most COMPLETE coverage of the . Information on the lease was last updated on October 1, 2021. 2101 Cedar Springs Rd. This advertisement has not loaded yet, but your article continues below. Wallace was a nine-year veteran of the department, having previously worked as a travel agent before beginning his law enforcement career with the Stark County Sheriff's Office in 2011. These four horizontal test wells in the 40,000-acre Mondak play are noteworthy for having been drilled and. Tel: 701-258-1557 The ranking is composed of 10 companies from each of five industry sectors, selected based on three equally weighted criteria. Mr. Herman has extensive oil and gas experience in leadership roles at public oil and gas companies. Reporting Year From: 2020-01-01. The forward-looking statements contained in this press release are based on certain key expectations and assumptions made by PetroShale including but not limited to expectations and assumptions concerning the availability of capital, current legislation, egress constraints, receipt of required regulatory approvals, the success of future drilling, development and acquisition activities, the performance of existing wells, the growth and acquisition strategy of the New Management Team, general economic conditions, availability of required equipment and services, assumptions of future commodity prices, Canada-U.S. exchange rate, and other assumptions identified herein, including certain expectations and assumptions made by PetroShale in respect thereof. of 21,295,076 barrel of oil equivalent "Net debt/cash flow" is calculated based on estimates by PetroShale of PetroShale's ratio of net debt to cash flow. PetroShale announces the initial results from its first four test wells in the Mondak field of the Williston Bakken operated by Slawson Exploration. While we are constantly updating and improving our datasets and product, we do not guarantee that the results and coverage provided are 100% complete and up to date. Henry Hill's water solutions are designed with you in mind. Killdeer, ND 58640 Previously, Mr. Manchester was the Vice President, Operations of Vero Energy Inc., and prior thereto, the Production & Engineering Manager of True Energy Inc. Mr. Shwed is currently the President and Chief Executive Officer of Crew Energy Inc. Mr. Shwed graduated from the University of Alberta with a Bachelor of Science degree in Geology in 1980, and has held positions of increasing responsibility with various exploration and production companies before founding Baytex Energy Ltd. ("Baytex") in 1993. North Dakota Office of the State Tax Commissioner $ 8,074,587 $ 8,074,587 . If you have any questions don't hesitate to contact us. PetroShale Incorporation has signed a $55 million deal to buy assets in North Dakota Bakken region. Mountrail 80203-1262. The agreement will give Petroshale the ownership of assets including existing light oil production, as well as 3 drilling units. Tel: 214-880-8400 We are a pure-play North Dakota Bakken producer . The Company's two largest shareholders, FR XIII PetroShale Holdings L.P. and M Bruce Chernoff, have waived their respective rights to participate in each of the Non-Brokered Private Placement and the Brokered Private Placement in order to maintain their current pro-rata ownership positions and are not expected to acquire any Common Shares as part of the Company's Private Placements. CALGARY, AB, May 24, 2022 /CNW/ - Lucero Energy Corp. (" Lucero " or the " Company ") (formerly PetroShale Inc.) (TSXV: PSH) (OTCQB: PSHIF) is pleased to announce that it has completed the. 80203-1262 Petroshale (us) Inc. Activity Summary Powered by: MineralAnswers.com Petroshale (us) Inc. Production Chart Tel: 701-546-4601 Subscribe now to read the latest news in your city and across Canada. PetroShale, we, us, our or the Corporation means PetroShale Inc. and where the context requires, means us and all our controlled entities on a consolidated basis, and where the context requires, also means our predecessor issuers, Mondak Petroleum Inc., Algonquin Oil & Gas Limited and their . The agent name for this entity is: SECRETARY OF STATE OF NORTH DAKOTA BY STATUTE N.D.C.C., 10-01.1-13. Oil & Gas Property in McKenzie County, ND, Our Valuation Estimates for Petroshale Us, * Assessment based on future expected revenue ** Based on a 36 month multiple of average monthly estimated revenue. To: 2020-12-31. These include, but are not limited to, risks associated with the oil and gas industry in general (including but not limited to operational risks in development, exploration and production); delays or changes in plans with respect to exploration or development projects; receiving all necessary approvals for the Private Placements (including that of the TSXV) and the name change and any conditions to such approvals; capital expenditures, acquisitions or other corporate transactions; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks, commodity price and exchange rate fluctuations, changes in legislation affecting the oil and gas industry and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.

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