Petrolia Energy Corp. , an oil and gas exploration and production company, today released the following letter to shareholders: Shareholders of Petrolia Energy Corp., At Petrolia Energy Corp., we believe in transparency and accountability, and we take our responsibilities to our shareholders seriously. We are proud of the progress we have made since the October 25, 2021 change of control and the resilience we have shown [...]
Petrolia Energy Corp. announced today that it has filed its 2018 10-K annual report. "Our team has worked diligently to shape Petrolia into a versatile and efficient company capable of handling the many challenges facing our industry today." said Zel C. Khan, CEO and President of Petrolia. "We understand that a considerable amount of time has passed since our last update and we are sincerely thankful for the patience [...]
Petrolia Energy Corp. today announced that the National Association of Corporate Directors recently recognized its Chairman, James Edward Burns as an NACD Board Leadership Fellow. NACD Fellows, who earn NACD Fellowship—The Gold Standard Director Credential®— stand within the highest echelon of those committed to excellence in the boardroom. Chairman of Petrolia Energy Corp. As the highest standard of [...]
Petrolia Energy Corp. is pleased to announce the sale of Bow Energy Ltd. to Blue Sky Resources Ltd. , a privately held company with existing oil and gas operations in Indonesia. The Company will retain a direct 20% interest in all 5 Indonesian Production Service Contracts held by Bow. As part of this transaction, BSR has returned 70,807,417 shares of Petrolia, assumed all existing debt held by Bow, and committed to carry [...]
HOUSTON, July 24, 2018 -- Petrolia Energy Corp. is pleased to announce the signing of the Slick Unit Exploration and Development Agreement with Boone Operating Inc. , a private Exploration & Production company, to explore and develop the Misener and Simpson Formations at the Slick Unit Dutcher Sands Field . Under the terms of the Agreement, the development area consists of 480 Acres where Boone will carry the cost of [...]
HOUSTON, July 06, 2018 -- Petrolia Energy Corp. is pleased to announce that it has acquired a 25% working interest in the Luseland, Hearts Hill, and Cuthbert fields, located in Southwest Saskatchewan and Eastern Alberta, Canada. The acquisition consists of working interests in a total of 64 sections with 240 oil and 12 natural gas wells producing on the properties. Additionally, there are several idle wells with potential [...]
Petrolia Energy is pleased to announce the appointment of Mr. Ivar Siem to its Board of Directors. Mr. Siem fills the vacancy left following the recent passing of Mr. Lee Lytton. "Mr. Siem has a wealth of knowledge and experience, especially in the Permian Basin, and is a tremendous asset to the Company," commented Mr. Zel C. Khan, CEO of Petrolia. Ivar Siem is the Chairman of privately held American Resources Inc. and [...]
Petrolia Energy Corp. announces today with great sadness that Mr. Lee H. Lytton III, its esteemed Board Member and Corporate Secretary, passed away on Saturday, March 31, 2018, in Austin, Texas at the age of 74 years. Mr. Lytton has been a member of Petrolia Energy's Board of Directors since 2014. Mr. Lytton graduated from St. Edward's University and St. Mary's School of Law and began his career as a special agent for the [...]
Further to Petrolia Energy Corp.'s press release dated December 5, 2017, the Company is pleased to announce that it has completed the acquisition of Bow Energy Ltd. , a Canadian based oil and natural gas company, pursuant to which Petrolia has acquired all of the issued and outstanding common shares in the capital of Bow . The Plan of Arrangement was approved by an overwhelming majority of more than 99% of the votes cast [...]
Petrolia Energy Corp. , an oil exploration and production company with operations in Texas, Oklahoma and New Mexico, is pleased to announce that it has retained Newbridge Securities Corporation , a full-service securities brokerage and investment banking firm, to provide strategic corporate finance and investment banking services. Newbridge will focus on assisting Petrolia with various initiatives, including plotting a [...]
Further to the press release dated October 26, 2017, Petrolia Energy Corp. is pleased to announce it has executed a Definitive Binding Arrangement Agreement with Bow Energy Ltd. . Bow Energy Ltd. is a Canadian based oil and natural gas company trading on the TSX Venture Exchange holding over 948,000 net acres onshore North Sumatra, Indonesia which is one of the world's most prolific oil and gas basins. Bow's acreage [...]
Petrolia Energy Corp. is pleased to announce the signing of a Letter of Intent to acquire 100% of Bow Energy Ltd. . This LOI is non-binding and subject to various conditions, of which both parties have completed their accounting, technical, and legal due diligence, amongst others and have the approval of their respective Board of Directors. The parties have now moved on to drafting a formal binding agreement subject to [...]