Proved Plus Probable Oil Reserves of 62 million barrels at December 31, 2020 Forza Petroleum Ltd. today announced its oil reserves and resources as at December 31, 2020 as evaluated by Netherland, Sewell & Associates, Inc. , an independent oil and gas consulting firm, and as set forth in a report dated February 26, 2021 prepared in accordance with [...]
Rebranding as Forza Petroleum and planning for $51 million of capital expenditure in 2021 Oryx Petroleum Corporation Ltd. today announces that the Corporation has changed its name to Forza Petroleum Limited. All dollar amounts set forth in this news release are in United States dollars, except where otherwise indicated. Change of Name At a special [...]
Average gross oil production re-established at 11,700 bbl/d in the third quarter versus 4,000 bbl/d for the second quarter of 2020; success at and continued focus on minimizing costs Oryx Petroleum Corporation Ltd. today announces its financial and operational results for the three and nine months ended September 30, 2020. All dollar amounts set [...]
Production from Banan Field restarted; Resumption of capital program Oryx Petroleum Corporation Ltd. today announces its financial and operational results for the three and six months ended June 30, 2020. All dollar amounts set forth in this news release are in United States dollars, except where otherwise indicated. Financial Highlights: Total [...]
Sami Zouari Appointed as New Independent Director and Chair Oryx Petroleum Corporation Ltd. today announces the appointment of Sami Zouari as Board Chair and Independent Director with immediate effect. Mr. Zouari succeeds Jean Claude Gandur who recently resigned from the Corporation as part of transactions consummated between The Addax and Oryx [...]
Oryx Petroleum Corporation Ltd. today announces that, pursuant to the exemption provided in Alberta Securities Commission Blanket Order 51-519 – Temporary Exemption from Certain Corporate Finance Requirements with Deadlines during the Period from June 2 to August 31, 2020 published on May 20, 2020 and the equivalent substantively harmonized [...]
Oryx Petroleum Corporation Ltd. announces that the Corporation's two largest shareholders have informed the Corporation that Zeg Oil and Gas Ltd. acquired control of the Corporation from AOG Upstream BV on July 23, 2020 in the context of the previously announced transaction. The acquisition was conditional upon and subsequent to the closing of the [...]
Oryx Petroleum Corporation Ltd. today announces the closing of the settlement of an outstanding loan, initially announced on June 22, 2020. All dollar amounts set forth in this news release are in United States dollars. The Corporation and AOG International Holdings Limited have settled in full the loan from AOG through the transfer by the [...]
Oryx Petroleum Corporation Ltd. today announces that the nominees listed in its Management Proxy Circular dated May 20, 2020 were elected as directors of Oryx Petroleum. Detailed results of the vote for the election of directors held earlier today at Oryx Petroleum's Annual Meeting of Shareholders are set out below. Each of the following four [...]
Oryx Petroleum Corporation Ltd. today announces further details regarding the Debt Settlement Agreement executed by the Corporation on June 22, 2020 relating to the proposed settlement of an outstanding loan between a subsidiary of the Corporation, as borrower, and AOG International Holdings Limited , as lender. The Corporation has applied to the [...]
33% increase in Production; 21% decrease in Operating Expenses per barrel Oryx Petroleum Corporation Ltd. today announces its financial and operational results for the three months ended March 31, 2020. All dollar amounts set forth in this news release are in United States dollars, except where otherwise indicated. Financial Highlights: Total [...]
Oryx Petroleum Corporation Ltd. today announces the execution of an agreement relating to the proposed settlement of an outstanding loan and acknowledges the announcement by its largest shareholder of the proposed sale of all of the common shares of the Corporation it owns. All dollar amounts set forth in this news release are in United States [...]