Denver, CO 80203 USA, 1800 350 7th Avenue SW Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the p olicies of the TSX Venture Exchange) accepts responsibility for the adequacy or . PetroShale's production averaged 10,681 boepd in the first quarter, a 6% increase from 10,108 boepd during the same period in 2021 and a reduction of 2% from fourth quarter 2021 production of 10,906 boepd, reflecting the Company's efforts to stabilize the overall corporate decline rate. Subscribe now to read the latest news in your city and across Canada. Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. A welcome email is on its way. It is anticipated that additional directors will be appointed at the next shareholder meeting of the Company. The New Management Team has a strong track record of disciplined operating and consolidating success in the Williston Basin, where PetroShale's existing asset base is located (within the prolific North Dakota Bakken). . ET on Thursday, March 3, 2022 and ends at 4 p.m. This press release contains the terms "net debt", "cash flow" and "net debt/cash flow" which do not have standardized meanings prescribed by International Financial Reporting Standards and therefore may not be comparable with the calculation of similar measures by other companies. If you have any questions don't hesitate to contact us. Pursuant to the Non-Brokered Private Placement, the New Management Team, together with additional subscribers identified by the New Management Team, will subscribe for 23,750,000 Units at a price of $0.40 per Unit for total proceeds of $9.5 million. PetroShale Inc. announces appointment of new management team, board Lambert, MT 59243 The Venezuelan Finance Ministry yesterday said that the China Development Bank will finan Italian oil major, Eni commenced gas production from the Sankofa field in the Offshore Ca Oil prices fell yesterday as US President Donald Trump asked OPEC to REDUCE PRICING NOW Visibility in the global oil & gas community, Access to thousands of global oil & gas tenders. Subscribe now to receive immediate access to. Fax: 701-863-6999, 10060 81st St. NW This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. Contact Us Regarding Your Company Profile All Companies Named PETROSHALE (US) INC. Search All North Dakota Companies Learn About Our Pro Search Subscription Service The information on this page is being provided for the purpose of informing the public about a matter of genuine public interest. PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. Jan 2017 - Apr 2023). Mr. Herman has extensive oil and gas experience in leadership roles at public oil and gas companies. Previously, Mr. Brown was the New Ventures Manager/Senior Geological Advisor of Apache Canada, and prior thereto, the Vice President, Exploration of Rock Energy. Map of Wells Associated with Petroshale (Us) Inc. Production By Month For Petroshale (Us) Inc. Petroshale (Us) Inc. Production By County. The New Management Team believes PetroShale's assets, currently producing in excess of 10,000 boe/d (approximately 85% light oil and natural gas liquids) offer compelling economic returns. Previously, Mr. Manchester was the Vice President, Operations of Vero Energy Inc., and prior thereto, the Production & Engineering Manager of True Energy Inc. Mr. Shwed is currently the President and Chief Executive Officer of Crew Energy Inc. Mr. Shwed graduated from the University of Alberta with a Bachelor of Science degree in Geology in 1980, and has held positions of increasing responsibility with various exploration and production companies before founding Baytex Energy Ltd. ("Baytex") in 1993. If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. Bear Den - Petroshale Oil and Gas Asset (North Dakota, United States For the full 2022 TSX Venture 50 ranking, methodology and profile videos of companies included in the ranking, visit www.tsx.com/venture50. 303 E 17th Ave Ste 940 Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on any financial outlook or FOFI. At no time has Petro-Hunt, L.L.C. Prior thereto, Mr. Skehar was the President & Chief Operating Officer of Bonavista and its predecessor, Bonavista Energy Trust. BISMARCK, N.D. - Gov. CO . Although PetroShale believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because there is no assurance that they will prove to be correct. 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Burgum signs $66M child care package, addressing major barrier to 2022-05-18 | Press Release | PETROSHALE INC. ANNOUNCES - stockhouse Billings This entry point, combined with the New Management Team's experience in consolidating and integrating acquisitions, as well as exploiting and exploring for resource-in-place assets in the Williston Basin, will provide a platform for focused growth through strategic acquisitions and internally generated prospects. Unlimited online access to articles from across Canada with one account. This story was provided by Market One Media Group for commercial purposes. PetroShale Inc. is pleased to announce that it has finalized an agreement to acquire an 18.75% Working Interest in a proposed drilling unit in McKenzie County, North Dakota, for a total purchase . The ranking is composed of 10 companies from each of the five industry sectors, and they were selected based on three equally weighted criteria: market capitalization growth, share price appreciation and trading volume. (3) Assumes a foreign exchange rate of US$1.00 = CDN$1.2529. Please notify DrillingEdge immediately if any inaccuracies are discovered. Denver, CO 80202 PetroShale's actual results, performance or achievement following the completion of the Private Placements could differ materially from those expressed in, or implied by, these FOFI, or if any of them do so, what benefits PetroShale will derive therefrom. Killdeer, ND 58640 We are a pure-play North Dakota Bakken producer focused on top-tier acreage quality. We hope you enjoyed your trial to the website. Lucero Energy Corp. - Positioning For Long-Term Sustainability 80203-1262, Petroshale (us) Inc. Read more about cookies here. New Town, ND 58763 Due to strong demand, PetroShale agreed to increase the size of the Brokered Private Placement from its initial target of $30 million. Mr. Manchester has significant oil and gas engineering and operations experience, particularly in the Williston Basin, and most recently was the VP Operations of TORC Oil & Gas Ltd. The expanded PetroShale Board has a solid track record of building, financing and directing oil and gas companies and brings a wide range of experience, knowledge and innovation to the recapitalized entity. The acquisition is in line with PetroShale's strategy of acquiring and developing lands in North Dakota Bakken . Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. Location The map below shows the exact location of the asset in the state of North Dakota in the United States. DENVER , PetroShale Inc. Announces Appointment of New Management Team, Board This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Fax: 361-887-1804, 508 W Wall St Petroshale Inc. - Shale Experts Please Upgrade it take less then a minute. CALGARY, AB, Jan. 13, 2022 /CNW/ - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH) (OTCQB: PSHIF) is pleased to announce the appointment of a new management team (the "New Management Team") led by Brett Herman as President & Chief Executive Officer, Jason Skehar as Chief Operating Officer, Marvin Tang as Vice President, Finance & Chief Financial Officer, Sandy Brown as Vice President, Geosciences, Kristine Lavergne as Vice President, Engineering, and Shane Manchester as Vice President, Operations. By combining unique design features in our Class II salt water disposal wells with efficient gathering systems and managing those systems with state of art SCADA software, Henry Hill Oil can reduce the cost of salt water disposal, reduce wear on well pads, and help position our partners to handle their salt water disposal needs for . Reporting Year From: 2020-01-01. This site is protected by reCAPTCHA and the Google. BISMARCK, N.D. - Gov. The Contest winner will be announced on May 13, 2022. For further information: Brett Herman, President and Chief Executive Officer, PetroShale Inc., Telephone: 403-266-1717; Marvin Tang, Vice President Finance and Chief Financial Officer, PetroShale Inc., Telephone: 403-266-1717 Share This: Previous Article Petroshale (US), Inc. v. Continental Resources, Inc. Henry Hill Oil Services - Supporting the oil well infrastructure across PetroShale Incorporation has signed a $55 million deal to buy assets in North Dakota Bakken region.
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