STATES. PetroShale Inc. is pleased to confirm the closing of our previously announced acquisition of high quality, light oil-weighted assets situated in our South Berthold core focus area in the North Dakota Bakken . Total cash consideration for the Acquisition was US$52.6 million, after closing adjustments. The Acquisition includes approximately [...]
STATES. PetroShale Inc. is pleased to announce the closing today of its previously announced bought deal prospectus offering of subscription receipts and its previously announced non-brokered private placement of subscription receipts . Pursuant to the Bought Deal Financing, the Company issued 24,865,300 subscription receipts at a price of $1.85 [...]
/STATES. LAW./ CALGARY, July 16, 2018 /CNW/ - PetroShale Inc. is pleased to announce that due to substantial interest it has increased the size of its previously announced non-brokered private placement financing of subscription receipts , at an issue price of $1.85 per Subscription Receipt, from 5,405,405 Subscription Receipts to 6,756,905 [...]
Alberta, July 12, 2018 -- PetroShale Inc. is pleased to announce that we have entered into an agreement with an independent oil and gas company to acquire high quality, light oil-weighted assets in the core of our focus area in the North Dakota Bakken . The Acquisition includes approximately 550 barrels of oil equivalent per day of low decline [...]
CALGARY, July 4, 2018 /CNW/ - PetroShale Inc. is pleased to announce that the borrowing capacity under its senior credit facility has been increased to US$82.0 million from US$49.9 million following a review of the Company's December 31, 2017 reserve report by its senior lenders. The credit facility's maturity date was also extended to June 30 [...]
CALGARY, Alberta, May 23, 2018 -- PetroShale Inc. is pleased to announce its financial and operating results for the three month period ended March 31, 2018. The Company’s unaudited consolidated financial statements and corresponding Management’s Discussion and Analysis for the period will be available on SEDAR at www.sedar.com, on the [...]
CALGARY, Alberta, May 08, 2018 -- PetroShale Inc. announced today that pursuant to its Restricted Bonus Award Incentive Plan , an aggregate of 210,000 restricted awards were granted to a certain director and other employees of PetroShale. The Awards vest in equal instalments over the three years from the date of grant, and expire on December 15 [...]
CALGARY, Alberta, April 23, 2018 -- PetroShale Inc. is pleased to announce its financial and operating results for the three and twelve month periods ended December 31, 2017, along with updated petroleum reserves as of December 31, 2017. PetroShale will file its audited consolidated financial statements and the corresponding Management’s [...]
CALGARY, Alberta, April 02, 2018 -- PetroShale Inc. is pleased to announce initial results from our recently completed operated and non-operated wells and the acquisition of additional acreage in one of our core areas. Acquisition PetroShale recently acquired additional acreage in our South Berthold core area for an aggregate purchase price of [...]
CALGARY, Alberta, March 16, 2018 -- On March 15, 2018 Mr. M. Bruce Chernoff indirectly acquired, through Alpine Capital Corp., an entity owned and controlled by him, ownership of 1,625,000 voting common shares of PetroShale Inc. pursuant to the exercise of an equal number of warrants to purchase Common Shares at an exercise price of $0.75 per [...]
Alberta, Jan. 25, 2018 -- PetroShale Inc. is pleased to announce that it has closed its previously announced strategic financing transaction with First Reserve for gross proceeds of US$75 million. Pursuant to the Financing, the Investor acquired US$75 million of series A preferred shares in the Company's wholly owned subsidiary, PetroShale , Inc [...]
Alberta, Jan. 02, 2018 -- PetroShale Inc. is pleased to announce that it has entered into an agreement with First Reserve in respect of a strategic financing transaction for gross proceeds of US$75 million. First Reserve is a leading global private equity investment firm exclusively focused on energy. With nearly 35 years of industry insight [...]