Traverse Energy Ltd.

Traverse Energy Ltd. is providing a corporate update. The Company’s lender has further extended the annual review date of the Company’s revolving operating loan facility to November 29, 2019 in order to complete the annual borrowing base redetermination. The lender will not make the borrowing base determination until that date or such other later date as the lender determines in its sole discretion. The [...]

Traverse Energy Ltd. presents financial and operating results for the three and six months ended June 30, 2019. Three months ended June 30, Six months ended June 30, Highlights 2019 2018 2019 2018 Financial Petroleum and natural gas revenue 1,378 1,778 2,969 3,758 Cash from operating activities 353 481 556 1,624 Adjusted funds flow 127 420 500 1,033 Per share – basic and diluted 0.00 0.01 0.01 0.01 Net loss Per [...]

Traverse Energy Ltd. is providing a corporate update. The Company’s lender has extended the annual review date of the Company’s revolving operating loan facility to July 31, 2019 in order to complete the annual borrowing base redetermination. The revolving operating loan has been amended from $9 million to $7 million, which is consistent with the Company’s lender having previously capped the credit [...]

Traverse Energy Ltd. presents financial and operating results for the three months ended March 31, 2019. Three Months Ended Highlights March 31, 2019 December 31, 2018 March 31, 2018 Financial Petroleum and natural gas revenue 1,582 1,191 1,979 Cash from operating activities 203 1,144 Adjusted funds flow 373 614 Per share – basic and diluted 0.00 0.01 Net loss Per share – basic and diluted Capital expenditures [...]

Traverse Energy Ltd. presents financial and operating results for the three months and years ended December 31, 2018 and 2017 and provides 2018 year end reserves information evaluated by Sproule Associates Limited . Three Months Ended December 31 Year Ended December 31 Highlights 2018 2017 2018 2017 Financial Petroleum and natural gas revenue 1,191 2,209 6,717 10,023 Cash from operating activities 2,216 3,420 Adjusted [...]

At the request of IIROC, Traverse Energy Ltd. wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity. The Company is a junior oil and natural gas exploration and development company. The common shares of the Company are currently listed on the TSX Venture Exchange under the trading symbol [...]

Traverse Energy Ltd. presents financial and operating results for the three and nine months ended September 30, 2018. Three months ended Sept. 30, Nine months ended Sept. 30, Highlights 2018 2017 2018 2017 Financial Petroleum and natural gas revenue 1,769 2,173 5,526 7,814 Cash from operating activities 638 1,081 2,262 3,573 Adjusted funds flow 567 769 1,600 3,357 Per share – basic and diluted 0.01 0.01 0.02 0.04 [...]

Traverse Energy Ltd. presents financial and operating results for the three and six months ended June 30, 2018. Three months ended June 30, Six months ended June 30, Highlights 2018 2017 2018 2017 Financial Petroleum and natural gas revenue 1,778 2,615 3,758 5,641 Cash from operating activities 481 1,389 1,624 2,492 Adjusted funds flow 420 1,147 1,033 2,588 Per share – basic and diluted 0.00 0.01 0.01 0.03 Net loss [...]

CALGARY, Alberta, May 17, 2018 -- Traverse Energy Ltd. announces that it granted stock options to its directors and officers to purchase 2,000,000 common shares with an exercise price of $0.22 per share and an expiry date 5 years from the date of grant. The options vest immediately upon grant. The total number of options outstanding as of the date hereof is 9,945,000. The Corporation is a junior oil and natural gas [...]

CALGARY, Alberta, May 14, 2018 -- Traverse Energy Ltd. presents financial and operating results for the three months ended March 31, 2018. Three Months Ended Highlights March 31, 2018 December 31, 2017 March 31, 2017 Financial Petroleum and natural gas revenue 1,979 2,209 3,025 Cash from operating activities 1,144 1,102 Adjusted funds flow 614 881 1,441 Per share – basic and diluted 0.01 0.01 0.02 Net loss Per share [...]