Cequence Energy Ltd.

Cequence Energy Ltd. is pleased to announce that it has entered into an amended credit facility agreement with its lender. The Credit Facility will mature on June 16, 2020 and the borrowing base remains at $7.0 million. Other than outstanding letters of credit totalling approximately $1.6 million, the Company currently has no amounts drawn under the Credit Facility. OVERVIEW OF CEQUENCE Cequence is engaged in the [...]

Cequence Energy Ltd. is pleased to announce a proposed debt restructuring transaction, private placement and credit facility renewal update. Under the terms of a first amending agreement to the Company’s $60.0 million Term Loan entered into between the Company and the Term Loan debtholders, the Company has agreed to pre-pay $10.0 million of the Company’s $60.0 million Term Loan plus accrued and unpaid interest [...]

Cequence Energy Ltd. is pleased to announce its operating and financial results for the three months ended March 31, 2019. The Company’s Management’s Discussion and Analysis and Condensed Consolidated Interim Financial Statements are available at cequence-energy.com and on SEDAR at www.sedar.com. HIGHLIGHTS Funds flow from operations was $5.4 million for the three months ended March 31, 2019, $2.1 million [...]

Cequence Energy Ltd. is pleased to announce its operating and financial results for the fourth quarter and year ended December 31, 2018, as well as its year-end reserve evaluation as prepared by its qualified independent reserve evaluator. The Company’s Consolidated Financial Statements and Management’s Discussion and Analysis are available at www.cequence-energy.com and on SEDAR at www.sedar.com. 2018 [...]

Cequence Energy Ltd. is pleased to provide an operational update and announce an Executive Management change at the Company. Operations Update: Field production for the 2018 calendar year averaged approximately 6,490 boe/d , with January 2019 field estimates averaging 5,900 boe/d . The Company’s recent two gross, two net Dunvegan oil wells that were drilled and completed in the fourth quarter of 2018 were brought on [...]

Cequence Energy Ltd. is pleased to announce that its senior lender has completed a redetermination of the borrowing base under the Company’s senior secured credit facility , and has confirmed the borrowing base remains at $7 million. Other than outstanding letters of credit totalling approximately $1.5 million, the Company currently has no amounts drawn under the Credit Facility. Acquisition of the Company’s [...]

 Cequence Energy Ltd. is pleased to announce its operating and financial results for the three and nine-month periods ended September 30, 2018. The Company's Condensed Consolidated Financial Statements and Management's Discussion and Analysis are available at cequence-energy.com and on SEDAR at www.sedar.com. Third quarter and subsequent Company highlights include: Achieved average quarterly production of 6,734 boe/d [...]

 Cequence Energy Ltd. is pleased to announce that it is proceeding with the consolidation of its common shares as previously announced on September 13, 2018 at a consolidation ratio of twenty-to-one . On October 24, 2018 Cequence filed articles of amendment to effect the Share Consolidation, and Cequence has received approval from the Toronto Stock Exchange for the Common Shares to begin trading on the TSX on a [...]

Cequence Energy Ltd. is pleased to announce the successful completion of its previously announced equity rights offering , which was over-subscribed and raised the maximum available gross proceeds of $8,593,476. Cequence issued a total of 245,527,883 common shares under the Rights Offering and now has a total of 491,055,766 common shares issued and outstanding. Although Cequence had standby commitments in place from two [...]

Cequence Energy is pleased to announce its operating and financial results for the three and six-month periods ended June 30, 2018. The Company's Condensed Consolidated Financial Statements and Management's Discussion and Analysis are available at cequence-energy.com and on SEDAR at www.sedar.com. Second quarter and subsequent Company highlights include: Brought on stream 3 gross Dunvegan oil wells, all exhibiting strong [...]