ET on Thursday, March 3, 2022 and ends at 4 p.m. It is anticipated that the shareholders of PetroShale will be asked to approve a change of the Company's name to "Lucero Energy Corp." at the next annual general meeting of shareholders. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. h & p 515 petro-hunt dakota, llc hot rod 149-102-27c-26-3h nw sw 27 149n 102w mckenzie 39294 3305309936 12/02/2022 In 2003, Baytex was reorganized into Baytex Energy Corp. and Crew Energy Inc. Mr. Shwed served on the Board of Directors of TORC Oil & Gas Ltd. from 2012 to 2021, and is currently on the Board of Directors of Inplay Oil Corp. The forward-looking statements contained in this press release are based on certain key expectations and assumptions made by PetroShale including but not limited to expectations and assumptions concerning the availability of capital, current legislation, egress constraints, receipt of required regulatory approvals, the success of future drilling, development and acquisition activities, the performance of existing wells, the growth and acquisition strategy of the New Management Team, general economic conditions, availability of required equipment and services, assumptions of future commodity prices, Canada-U.S. exchange rate, and other assumptions identified herein, including certain expectations and assumptions made by PetroShale in respect thereof. 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. Active: Doug Burgum today signed House Bill 1540, which provides nearly $66 million to support child care services and help address a major barrier to workforce participation as North Dakota continues to face a severe workforce shortage. Check back regularly to keep up to date on drilling to maintain the 'DrillingEdge'. PetroShale Announces Property Acquisition, Executive Management and PetroShale is an oil company engaged in the acquisition, development and production of high-quality oil-weighted assets in the North Dakota Bakken / Three Forks. To the extent any guidance or forward looking statements herein constitute a financial outlook or future oriented financial information ("FOFI"), including PetroShale's potential cash flow in 2022 and net debt at the end of 2022, they are made as of the date hereof and included herein to provide prospective investors with an understanding the plans and assumptions for budgeting purposes and prospective investors are cautioned that the information may not be appropriate for other purposes. Research Data Analyst - Remote, North Dakota, United States Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts . Copyright 2023 CNW Group Ltd. All Rights Reserved. . Tel: 701-863-6500 PacerMonitor A Fitch Solutions Service Features Plans & Pricing About. Location The map below shows the exact location of the asset in the state of North Dakota in the United States. are no permits filed with the state This press release is not an offer of the securities for sale in the United States. Plaintiff: Petroshale (US), Inc. PetroShale has built a sustainable growth platform of light oil focused assets. Petroshale: Junior Oil Play With Big Potential - SeekingAlpha Tel: 406-774-3017 [1] Denver, CO 80203 USA, 1800 350 7th Avenue SW Read more about cookies here. United States of America. PetroShale Inc. CAD. While we are constantly updating and improving our datasets and product, we do not guarantee that the results and coverage provided are 100% complete and up to date. Petroshale Inc. Announces First Quarter 2022 Financial & Operating Results (BOE) reported during the month Prior thereto, Mr. Herman was the Vice President, Finance & CFOof StarPoint Energy Ltd. and StarPoint Energy Trust. To protect our site, we cannot process your request right now. Burgum signs bill to reform state pension plan, protect taxpayers from DENVER , Petro Hunt | Contact Map of Wells Associated with Petroshale (Us) Inc. Production By Month For Petroshale (Us) Inc. Petroshale (Us) Inc. Production By County. NDIC means the North Dakota Industrial Commission. The Company's two largest shareholders, FR XIII PetroShale Holdings L.P. and M Bruce Chernoff, have waived their respective rights to participate in each of the Non-Brokered Private Placement and the Brokered Private Placement in order to maintain their current pro-rata ownership positions and are not expected to acquire any Common Shares as part of the Company's Private Placements. 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. We are a pure-play North Dakota Bakken producer . 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. In addition, all pages on Bizapedia will be Stark. 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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. North Dakota limits bathroom use for transgender people Unlimited online access to articles from across Canada with one account. Oil and Gas information that can give you a competitive edge in a very competitive landscape. Ownership and use of this lease is overseen by the Bureau of Land Management's North Dakota Field Officeunder the serial number NDBLMA0023570. 303 E. 17th Avenue, Suite 940 With the resulting financial returns enhanced by increasingly positive market conditions, the New Management Team is excited to implement a proven disciplined strategy of acquiring and exploiting assets. He was the President and Chief Executive Officer overseeing the operations of Baytex, growing production to over 40,000 boe/d. Simple, actionable information at your fingertips. * Earnings dates may be subject to change. The agreement will give Petroshale the ownership of assets including existing light oil production, as well as 3 drilling units. 4561 106th Ave. NW Stay in touch with our Daily Email Newsletter. Burnet, Duckworth and Palmer LLP is acting as counsel to PetroShale, and McCarthy TtraultLLP is acting as counsel to the syndicate of agents led by Peters & Co. Limited in respect of the Brokered Private Placement. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Petroshale Profile and History. Lucero Energy Corp. - Positioning For Long-Term Sustainability Unauthorized distribution, transmission or republication strictly prohibited. Pronghorn/Sanish and Lodgepole. Contact Name: NORTHWEST REGISTERED AGENT Contact Phone: (303) 297-1407 Business Address: Petroshale (us) Inc. 303 E 17th Ave Ste 940 DENVER , CO . Investing in higher rate of return, lower risk light oil opportunities across the Company's high quality, low risk development drilling inventory; Maximizing free cash flow through an efficient capital program focused on high graded development drilling opportunities; Moderating the Company's production decline profile; Directing the pace of the capital program to maintain spending flexibility throughout the year; and. Head Office Address. ET on Thursday, April 28, 2022. Killdeer, ND 58640 Wells Associated With Petroshale (Us) Inc. Other North Dakota Operators List Alphabetically. Suite 414 PetroShale's 2022 capital budget is specifically focused on: Investing in higher rate of return, lower risk light oil opportunities across the Company's high quality, low risk development. 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 . BISMARCK, N.D. - Gov. 80203-1262, Petroshale (us) Inc. New Town, ND 58763 If you are a Home delivery print subscriber, unlimited online access is. Petro-Hunt has active operation in Louisiana and Texas, Petro-Hunt has active operations in 4 counties in West Texas, Operates 775 wells in the Williston Basin, Non-Operated Working Interest partner in 8,200 wells, Non-Operated Working Interest partner in 1,400 wells, Operates 105 wells in West Texas in the Delaware Basin. Prior thereto, Mr. Tang was the Manager of Financial Reporting of Result Energy Inc. and TriStar Oil & Gas Ltd. Mr. Brown has significant geological oil and gas experience, particularly in the Williston Basin, and most recently was the VP Geosciences at TORC Oil & Gas Ltd. The agent name for this entity is: SECRETARY OF STATE OF NORTH DAKOTA BY STATUTE N.D.C.C., 10-01.1-13. Petroshale corporate office is located in 421-7th Ave SW, Calgary, Alberta, T2P 4K9, Canada and has 45 employees. PetroShale also announced an oversubscribed $54.5 million equity financing designed to recapitalize the company, their 2022 capital budget and production guidance, along with a proposed name change to Lucero Energy Corp. To learn more about PetroShale Inc.s unique investment proposition, visit their website here. These are the closest 20 properties to the Petroshale Us property. Free and open company data on North Dakota (US) company PETROSHALE (US) PRODUCTION LLC (company number 0000091959), 1801 BROADWAY STE 920 DENVER, CO 80202-3805 . Reporting Year From: 2020-01-01. with up to 5 times the number of maximum matches per search vs. non-subscribers. of 6,592 BBLs oil if we've collected "Sales Lead Information" for a given company, it will be displayed on the Ambrose, ND 58833 This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements"). Suite 600 Fax: 701-863-6999, 10060 81st St. NW 303 E 17th Ave Ste 940 (3) Assumes a foreign exchange rate of US$1.00 = CDN$1.2529. (4) Year-end net debt (2022E) does not include proceeds from the exercise of any Warrants. 80203-1262. Oil & Gas Property in McKenzie County, ND, Our Valuation Estimates for Petroshale Us, * Assessment based on future expected revenue ** Based on a 36 month multiple of average monthly estimated revenue. north dakota industrial commission date: december 8, 2020 daily report: 18155 permits approved: #38013 - petroshale (us) inc., thompson federal 4tfh, nwnw 30-149n 95w, mckenzie, 620' fnl and 560' fwl, confidential, development, bear den, 2479' ground, api 33-053-09612 #38014 - petroshale (us) inc., la verendrye federal 4mbh, nwnw 30-149n . PETROSHALE (US) PRODUCTION LLC was registered on 07/19/2013 as a foreign limited liability company type with the address 1801 BROADWAY STE 920 DENVER, CO 80202-3805 . PetroShale's lower-risk North Dakota assets are characterized by compelling rates of return driven by robust operating netbacks, strong initial production rates and high estimated ultimate recoveries. Closing of the Brokered Private Placement is expected to occur on or about February 2, 2022. ever been included, affiliated or connected in any way with or had any joint or common business enterprises or dealings of any kind with Petro-Hunt, Inc., a Kentucky corporation, its president J. and 6,592 MCF of gas, Midland, TX 79701, 400 E. Broadway Ave. Mr. Skehar has extensive oil and gas experience in leadership and operational roles, most recently as the President & CEO of Bonavista Energy Corporation ("Bonavista"). 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. PetroShale Inc. has reported an update on its growth strategy and operations. Hunt Perkins or their representatives, employees, partners, affiliates, associates, parents, subsidiaries or stockholders. PetroShale, we, us, our or the Corporation means PetroShale Inc. and where the context requires, means us and all our controlled entities on a consolidated basis, and where the context requires, also means our predecessor issuers, Mondak Petroleum Inc., Algonquin Oil & Gas Limited and their . Petroshale - Overview, News & Competitors | ZoomInfo.com Find production data for each well rolled up by owning operator. Corpus Christi, TX 78401 The term "boe" or barrels of oil equivalent may be misleading, particularly if used in isolation. Petroshale (US), Inc. v. Continental Resources, Inc. Business Address: Drilling Activity ( 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Doug Burgum, members of the 68 th Legislative Assembly and State Tax Commissioner Brian Kroshus today celebrated the signing of a major tax relief package that will provide a combined $515 million in savings for payers of state individual income tax and local property tax over the next two years.. Burgum signed House Bill 1158 with Rep. Craig Headland, the bill's . A boe conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 Mcf: 1 bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Track new and recompletion permits by: well name, class, (Oil, Gas, etc) county, state, operator, permit date and, status, API, lease information, and legal description, Rig Locations Map / Database: Updated Weekly, Search and view rig locations by: operator, well name, county, state, and wellbore type, Search for the number of wells planned to drill / complete, rigs, lateral lengths, and frac stages. Subscribe now to receive immediate access to. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. PetroShale disclaims any intention or obligation to update or revise any FOFI statements, whether as a result of new information, future events or otherwise, except as required by law. Most recently, Mr. Herman was the President & CEO of TORC Oil & Gas Ltd., and previously, President & CEO of Result Energy Inc. and TriStar Oil & Gas Ltd. The last action for this lease occurred on November 17, 2021. Our Posthaste newsletter has all the breaking business news and market signals you need, Our Posthaste newsletter has all the breaking business news you need, An emerging pure-play growth company in North Dakota, Public sector workers reach deal with government, ending strike, First Republic Bank seized and sold to JPMorgan in third major U.S. bank failure in 2 months, Weight Loss brand Jenny Craig considers bankruptcy, Alibaba's Jack Ma turns up in Japan as college professor, '50% correction': Why Canada's office real estate sector is heading for a reckoning, tap here to see other videos from our team, https://v50.stocktrak.com/members/register. Forth Berthold Indian Reservation Bureau of Indian Affairs, Fort . Please try again. It is anticipated that additional directors will be appointed at the next shareholder meeting of the Company. In addition, the use of any of the words "guidance", "initial, "scheduled", "can", "will", "prior to", "estimate", "anticipate", "believe", "should", "forecast", "future", "continue", "may", "expect", and similar expressions are intended to identify forward-looking statements. Petro-Hunt has active operations in eight counties in North Dakota and four in Montana. Suite 301 We are a pure-play North Dakota Bakken producer focused on top-tier acreage quality. 2101 Cedar Springs Rd. Suite 324 The Company has a platform of light oil assets located in the prolific North Dakota Bakken/Three Forks play. JOINT RELEASE: Burgum, Legislative Assembly celebrate signing of PetroShale Incorporation has signed a $55 million deal to buy assets in North Dakota Bakken region. (jb) Tel: 701-258-1557 Daily puzzles including the New York Times Crossword. Salary/Position Classification $55,000 Annual, Exempt 40 hours per week 100% Remote Work Availability:Yes Hybrid Work Availability:Yes Purpose of Position The Research Data Analyst is primarily responsible for producing regular reports for internal and external constituents, fulfilling ad hoc data requests, and making regularly requested data available to end users on demand through . If you have any questions don't hesitate to contact us. Reporting Entity Name Currency of the Report Reporting Entity ESTMA U.S. Army Corps of Engineers St. Paul District Public Affairs Office 332 Minnesota St., Suite E1500 St. Paul, MN 55101 Phone: (651) 290-5807 Fax: (651) 290-5752 Wallace was a nine-year veteran of the department, having previously worked as a travel agent before beginning his law enforcement career with the Stark County Sheriff's Office in 2011. 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. / API # 33-053-09113 Well Summary Well Name: Anderson South 3MBH API #: 33-053-09113 Operator: Petroshale (Us) Inc. County: McKenzie County, ND Production Dates on File: January 2022 to February 2023 3.3 k Barrels of Oil Produced in Feb 2023 7.2 k MCF of Gas Produced in Feb 2023 Map of Anderson South 3MBH Permit Now Cancelled: McKenzie County, ND: 47.978425-102.745345: 33-053-07650: PETROSHALE US 8H: PETROSHALE (US) INC. There was an error, please provide a valid email address. PETROSHALE INC : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Toronto Stock Exchange: PSH | Toronto Stock Exchange . We are a technically driven company focused on land interests with near term drilling exposure. Canadas Top Public Venture Capitalist 2022. In connection with the appointment of the New Management Team, PetroShale intends to complete (i) a non-brokered private placement of units of PetroShale (the "Units") with the New Management Team for gross proceeds of $9.5 million (the "Non-Brokered Private Placement"), and (ii) a brokered commercially reasonable efforts private placement of common shares of PetroShale ("Common Shares") for gross proceeds of up to $45.0 million (the "Brokered Private Placement"), and combined with the Non-Brokered Private Placement (the "Private Placements"), gross proceeds of up to $54.5 million will be raised.
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