Bonavista Announces the Appointment of Chris Bruggencate as Chief Operating Officer
Calgary, Alberta--(Newsfile Corp. - January 4, 2022) - Bonavista Energy Corporation ("Bonavista") is pleased to announce the appointment of Mr. Chris Bruggencate, replacing Mr. Bruce Jensen who has retired from the Corporation. Mr. Bruggencate is a seasoned executive having spent 15 years at Crescent Point Energy in roles of increasing responsibility including Vice President, Engineering East and Vice President, Operations. "We believe that Chris' operational excellence and proven expertise...
2022-01-04 10:44 AM EST
Bonavista Announces the Appointment of Derek Mendham as Chief Financial Officer
Calgary, Alberta--(Newsfile Corp. - November 1, 2021) - Bonavista Energy Corporation ("Bonavista" or the "Corporation") is pleased to announce the appointment of Mr. Derek Mendham as Chief Financial Officer effective November 1, 2021, replacing Mr. Dean Kobelka who has resigned from the Corporation. Mr. Mendham brings 27 years of progressively senior finance and accounting experience in the Canadian E&P, oilfield services and capital market sectors. Mr. Mendham was recently a Founder and the...
2021-11-01 10:00 AM EDT
Bonavista Announces the Appointment of K. Earl Reynolds as President & CEO
Calgary, Alberta--(Newsfile Corp. - July 12, 2021) - Bonavista Energy Corporation ("Bonavista") is pleased to announce the appointment of K. Earl Reynolds as President and Chief Executive Officer effective July 15, 2021. Mr. Reynolds has over 37 years of E&P energy experience and more than 25 years of senior management experience within the oil and gas industry, most recently as CEO at Chaparral Energy. "We believe that Earl will be a visionary and impactful leader for Bonavista,"...
2021-07-12 10:03 AM EDT
Bonavista Completes Recapitalization Transaction
Calgary, Alberta--(Newsfile Corp. - August 12, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") today announced the completion of its previously announced recapitalization transaction (the "Recapitalization Transaction") as further described in the Company's management information circular dated July 2, 2020 and implemented pursuant to a court-approved plan of arrangement under the Canada Business Corporations Act (the "Plan of Arrangement"). As previously...
2020-08-12 8:30 AM EDT
Bonavista Obtains Final Court Order Approving its Recapitalization Transaction
Calgary, Alberta--(Newsfile Corp. - August 4, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") today announced that, in connection with the previously announced recapitalization transaction (the "Recapitalization Transaction") described in the Company's management information circular dated July 2, 2020, the Company has obtained a final order (the "Final Order") from the Court of Queen's Bench of Alberta approving the plan of arrangement under the Canada Business...
2020-08-04 9:15 PM EDT
Bonavista Announces 2020 Second Quarter Results
Calgary, Alberta--(Newsfile Corp. - July 30, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista") is pleased to report to shareholders its financial and operating results for the six months ended June 30, 2020. The financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at http://www.sedar.com and on Bonavista's website at www.bonavistaenergy.com.MESSAGE TO SHAREHOLDERSThe...
2020-07-30 6:11 PM EDT
Bonavista Announces Senior Noteholders and Shareholders Approve Recapitalization Transaction
Calgary, Alberta--(Newsfile Corp. - July 30, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") today announced that at the meetings (the "Meetings") of holders (the "Senior Noteholders") of the Company's outstanding (i) 4.37% Notes due November 2, 2020; (ii) 4.25% Notes due October 25, 2021; (iii) 4.47% Notes due November 2, 2022; (iv) 3.68% Notes due May 23, 2023; (v) 4.09% Notes due May 23, 2023; (vi) 3.80% Notes due April 25, 2025; and (vii) 3.78%...
2020-07-30 4:01 PM EDT
Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Bonavista Shareholders Vote for the Proposed Recapitalization Transaction and Related Matters at the Upcoming Shareholders Meeting
Calgary, Alberta--(Newsfile Corp. - July 17, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announces Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co., LLC ("Glass Lewis") have recommended that Bonavista shareholders vote FOR all of the resolutions relating to the proposed recapitalization of the Company that are outlined in Bonavista's management information circular dated July 2, 2020 prepared in respect of the annual and special meeting...
2020-07-17 5:07 PM EDT
Bonavista Obtains Interim Order and Announces Meeting Details In Connection With Recapitalization Transaction
Calgary, Alberta--(Newsfile Corp. - June 19, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announced today that the Court of Queen's Bench of Alberta (the "Court") has issued an interim order (the "Interim Order") authorizing, among other things, the holding of the following meetings (collectively, the "Meetings"): (i) a meeting (the "Senior Noteholders' Meeting") of holders of the Company's outstanding: (i) 4.37% Notes due November 2, 2020; (ii) 4.25% Notes...
2020-06-19 7:03 PM EDT
Bonavista Announces Recapitalization Transaction
Calgary, Alberta--(Newsfile Corp. - June 19, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announced today a proposed recapitalization transaction (the "Recapitalization Transaction") designed to balance the capital structure and strengthen the Company's overall financial position. The Recapitalization Transaction would, among other things, reduce the Company's total outstanding debt by approximately $482.6 million (representing 56% of the Company's current...
2020-06-19 8:55 AM EDT
Bonavista Energy Corporation Provides Financial Update
Calgary, Alberta--(Newsfile Corp. - June 15, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announces that the period under which the previously announced forbearance agreements (the "Forbearance Agreements") among Bonavista and the lenders (the "Lenders") under the Company's amended and restated credit agreement dated as of September 8, 2017 (the "Credit Agreement") and the holders (the "Noteholders") of the Company's senior notes (collectively, the "Notes")...
2020-06-15 7:18 PM EDT
Bonavista Energy Corporation Provides Financial Update
Calgary, Alberta--(Newsfile Corp. - May 28, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announces that the period under which the previously announced forbearance agreements (the "Forbearance Agreements") among Bonavista and the lenders (the "Lenders") under the Company's amended and restated credit agreement dated as of September 8, 2017 (the "Credit Agreement") and the holders (the "Noteholders") of the Company's senior notes (collectively, the "Notes")...
2020-05-28 5:08 PM EDT
Bonavista Announces 2020 First Quarter Results
Calgary, Alberta--(Newsfile Corp. - May 13, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista") is pleased to report to shareholders its financial and operating results for the three months ended March 31, 2020. The financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at http://www.sedar.com and on Bonavista's website at www.bonavistaenergy.com.MESSAGE TO SHAREHOLDERSThe...
2020-05-13 5:39 PM EDT
Bonavista Energy Corporation Provides Financial Update
Calgary, Alberta--(Newsfile Corp. - May 4, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announces that it has entered into forbearance agreements (the "Forbearance Agreements") with the lenders (the "Lenders") under the Company's amended and restated credit agreement dated as of September 8, 2017 (the "Credit Agreement") and with holders (the "Noteholders") of the Company's senior notes (collectively, the "Notes"). Pursuant to the Forbearance Agreements, the...
2020-05-04 9:07 PM EDT
Bonavista Energy Corporation Provides Financial Update
Calgary, Alberta--(Newsfile Corp. - April 27, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announces that the Company, its banking syndicate (the "Lenders"), and the holders (the "Noteholders") of the Company's senior unsecured notes have been actively negotiating the reorganization of the Company's debt maturities and related interim arrangements. In connection with such matters, the Lenders continue to allow the Company access to the swing line loan...
2020-04-27 7:23 PM EDT
Bonavista Energy Corporation Provides Financial Update
Calgary, Alberta--(Newsfile Corp. - March 24, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") and Canadian Imperial Bank of Commerce ("CIBC") as administrative agent on behalf of a syndicate of lenders, including CIBC, The Toronto-Dominion Bank, Bank of Montreal, Royal Bank of Canada, The Bank of Nova Scotia, National Bank of Canada, ATB Financial and Federation des Caisses Desjardins du Quebec, under its existing unsecured $500 million bank credit facility (the...
2020-03-24 5:34 PM EDT
Bonavista Energy Corporation Provides Financial and Capital Budget Update
Calgary, Alberta--(Newsfile Corp. - March 18, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") has worked extensively over the past twelve months in an effort to realign its near term debt maturities and maintain adequate liquidity to continue ordinary course operations in extraordinary market conditions. As part of these efforts, Bonavista issued a draw request for $175 million available under its existing $500 million bank credit facility (the "Facility") with...
2020-03-18 9:27 AM EDT
Bonavista Announces 2019 Fourth Quarter and Year End Results and 2020 Capital Plan
Calgary, Alberta--(Newsfile Corp. - February 13, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista") is pleased to report to shareholders its financial and operating results for the three months and year ended December 31, 2019. The financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at http://www.sedar.com and on Bonavista's website at www.bonavistaenergy.com.MESSAGE TO...
2020-02-13 8:00 PM EST
Bonavista Announces Synergistic Asset Acquisition
Calgary, Alberta--(Newsfile Corp. - December 5, 2019) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") is pleased to announce the acquisition of certain oil and liquids rich natural gas weighted properties (the "Acquired Assets") located within our West Central Alberta core area (the "Acquisition") which are synergistic to our existing operations, complementary to our development plans and accretive to our debt leverage.The transaction closed on December 4th, 2019 with...
2019-12-05 7:00 AM EST
Bonavista Energy Corporation Announces 2019 Third Quarter Results
Calgary, Alberta--(Newsfile Corp. - November 5, 2019) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista") is pleased to report to shareholders its financial and operating results for the three and nine months ended September 30, 2019. In the third quarter of 2019, we generated adjusted funds flow of $34.6 million and successfully drilled our first Duvernay horizontal well. The financial statements and notes, as well as management's discussion and analysis, are available on the System for...
2019-11-05 6:07 PM EST