Forza Petroleum and Zeg Oil & Gas Ltd. Announce Completion of Going Private Transaction
Calgary, Alberta--(Newsfile Corp. - February 22, 2024) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") and Zeg Oil and Gas Ltd. ("Zeg Oil") today announced the completion of the transactions contemplated by the previously announced statutory plan of arrangement under section 192 of the Canada Business Corporations Act (the "Arrangement") involving Forza Petroleum, Zeg Oil and a wholly-owned subsidiary of Zeg Oil (the "Purchaser"). Pursuant to the Arrangement,...
2024-02-22 2:00 PM EST
Forza Petroleum Announces Special Meeting Results
Calgary, Alberta--(Newsfile Corp. - February 13, 2024) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announces that at the special meeting of the Corporation's securityholders (the "Meeting") held on February 12, 2024, the shareholders of the Corporation (the "Shareholders") and the holders of share awards outstanding under the long-term equity incentive plan of the Corporation (the "Award Holders" and, together with the Shareholders, the...
2024-02-13 10:38 AM EST
Forza Petroleum Announces Going Private Transaction
Calgary, Alberta--(Newsfile Corp. - December 11, 2023) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announced that it has entered into an arrangement agreement (the "Agreement") with Zeg Oil and Gas Ltd. ("Zeg Oil") and a newly formed wholly-owned subsidiary of Zeg Oil (the "Purchaser") pursuant to which the Purchaser has agreed to acquire all of the outstanding common shares of the Corporation (the "Common Shares") that are not already owned by the...
2023-12-11 6:00 AM EST
Forza Petroleum Q3 2023 Financial and Operational Results and 2024 Capital Budget
Calgary, Alberta--(Newsfile Corp. - November 7, 2023) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announces its financial and operational results for the three and nine months ended September 30, 2023. All dollar amounts set forth in this news release are in United States dollars.Financial Highlights:Revenue of $14.4 million for Q3 2023, consisting of an average realized sales price of $30.83/barrel of oil ("bbl") on working interest oil sales of...
2023-11-07 5:40 PM EST
Forza Petroleum Q2 2023 Financial and Operational Results
Calgary, Alberta--(Newsfile Corp. - July 25, 2023) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announces its financial and operational results for the three and six months ended June 30, 2023. All dollar amounts set forth in this news release are in United States dollars.Financial Highlights:Revenue of $1.3 million for Q2 2023, consisting of an average realized sales price of $28.28/barrel of oil ("bbl") on working interest oil sales of 39,300 bbl and...
2023-07-25 5:30 PM EDT
Forza Petroleum Announces Election of Directors
Calgary, Alberta--(Newsfile Corp. - June 27, 2023) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announces that the nominees listed in its Management Proxy Circular dated May 15, 2023 were elected as directors of Forza Petroleum. Detailed results of the vote for the election of directors held earlier today at Forza Petroleum's Annual and Special Meeting of Shareholders are set out below.Each of the following four nominees proposed by management was...
2023-06-27 3:39 PM EDT
Forza Petroleum Q1 2023 Financial and Operational Results
Calgary, Alberta--(Newsfile Corp. - May 9, 2023) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announces its financial and operational results for the three months ended March 31, 2023. All dollar amounts set forth in this news release are in United States dollars.Financial HighlightsRevenue of $47.8 million for Q1 2023, consisting of an average realized sales price of $54.19/barrel of oil ("bbl") on working interest sales of 738,100 bbl and $7.8 million...
2023-05-09 5:26 PM EDT
Forza Petroleum Announces Suspension of Production
Calgary, Alberta--(Newsfile Corp. - March 27, 2023) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") announces that the operator of the Kurdistan Oil Export Pipeline has notified OP Hawler Kurdistan Limited, the Corporation's operating subsidiary in the Kurdistan Region of Iraq, of a shutdown of the pipeline. The shutdown relates to a recent arbitration decision of the International Chamber of Commerce impacting exports by the Kurdistan Regional Government...
2023-03-27 7:06 AM EDT
Forza Petroleum 2022 Financial and Operational Results
Calgary, Alberta--(Newsfile Corp. - March 16, 2023) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announces its financial and operational results for the year ended December 31, 2022. All dollar amounts in this news release are in United States dollars.2022 Financial Highlights:Revenue of $323.8 million, consisting of an average realized sales price of $78.71/barrel of oil ("bbl") on working interest oil sales of 3,445,400 bbl and $52.6 million in...
2023-03-16 6:00 PM EDT
Forza Petroleum Announces Its Year-End 2022 Reserves and Resources
Calgary, Alberta--(Newsfile Corp. - March 13, 2023) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announced its oil reserves and resources as at December 31, 2022 as evaluated by Netherland, Sewell & Associates, Inc. ("NSAI"), an independent oil and gas consulting firm, and as set forth in a report prepared by NSAI in accordance with National Instrument 51-101 (the "2022 NSAI Report"). The reserves and resources disclosure coincides with the filing on...
2023-03-13 8:17 AM EDT
Forza Petroleum Announces Leadership Succession Plan
Calgary, Alberta--(Newsfile Corp. - December 28, 2022) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") announced today a leadership succession plan that positions it for the next stage of its evolution as a petroleum producer. Sami Zouari has notified the Corporation that he will step down from his position as Director and Chair of the Board of Directors effective March 1, 2023. He will be succeeded by current Chief Executive Officer, Vance Querio, who will step...
2022-12-28 6:00 AM EST
Forza Petroleum Announces 2023 Capital Budget
Calgary, Alberta--(Newsfile Corp. - December 7, 2022) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announces its capital expenditure plans for 2023. All dollar amounts in this news release are in United States dollars.2023 Budgeted Capital ExpendituresForza Petroleum budgeted capital expenditures for 2023 are $80 million and dedicated exclusively to the Hawler license area. Planned investments include:6 wells including completion of the Zey Gawra...
2022-12-07 5:08 PM EST
Forza Petroleum Q3 2022 Financial and Operational Results
Calgary, Alberta--(Newsfile Corp. - November 8, 2022) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announces its financial and operational results for the three and nine months ended September 30, 2022. All dollar amounts set forth in this news release are in United States dollars.Financial Highlights:Revenue of $85.1 million for Q3 2022, consisting of an average realized sales price of $79.11/barrel of oil ("bbl") on working interest oil sales of...
2022-11-08 5:56 PM EST
Forza Petroleum Q2 2022 Financial and Operational Results
Calgary, Alberta--(Newsfile Corp. - July 28, 2022) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announces its financial and operational results for the three and six months ended June 30, 2022. All dollar amounts set forth in this news release are in United States dollars.Financial Highlights:Revenue of $98.8 million for Q2 2022, consisting of an average realized sales price of $94.28/barrel of oil ("bbl") on working interest oil sales of 877,500 bbl...
2022-07-28 6:09 PM EDT
Forza Petroleum Announces Election of Directors
Calgary, Alberta--(Newsfile Corp. - June 28, 2022) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announces that the nominees listed in its Management Proxy Circular dated May 17, 2022 were elected as directors of Forza Petroleum. Detailed results of the vote for the election of directors held earlier today at Forza Petroleum's Annual Meeting of Shareholders are set out below.Each of the following four nominees proposed by management was elected as a...
2022-06-28 10:42 AM EDT
Forza Petroleum Q1 2022 Financial and Operational Results
Calgary, Alberta--(Newsfile Corp. - May 13, 2022) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announces its financial and operational results for the three months ended March 31, 2022. All dollar amounts set forth in this news release are in United States dollars.Financial Highlights:Revenue of $82.4 million for Q1 2022, consisting of an average realized sales price of $81.07/barrel of oil ("bbl") on working interest sales of 851,000 bbl and $13.4...
2022-05-13 6:53 PM EDT
Forza Petroleum 2021 Financial and Operational Results
Calgary, Alberta--(Newsfile Corp. - March 16, 2022) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announces its financial and operational results for the year ended December 31, 2021. All dollar amounts in this news release are in United States dollars.2021 Financial Highlights:Revenue of $187.8 million, consisting of an average realized sales price of $54.52/barrel of oil ("bbl") on working interest oil sales of 2,885,300 bbl and $30.5 million in...
2022-03-16 8:53 PM EDT
Forza Petroleum Announces its Year-End 2021 Reserves and Resources
Calgary, Alberta--(Newsfile Corp. - March 3, 2022) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announced its oil reserves and resources as at December 31, 2021 as evaluated by Netherland, Sewell & Associates, Inc. ("NSAI"), an independent oil and gas consulting firm, and as set forth in a report prepared in accordance with National Instrument 51-101 by NSAI (the "2021 NSAI Report"). The reserves and resources disclosure coincides with the filing on...
2022-03-03 7:00 AM EST
Forza Petroleum Operations Remain Unaffected as it Assesses a Ruling by the Iraqi Federal Supreme Court on the Validity of the Kurdistan Region Oil and Gas Law
Calgary, Alberta--(Newsfile Corp. - February 17, 2022) - Forza Petroleum Limited ("Forza Petroleum" or the "Corporation") acknowledges that on February 15, 2022, the Iraqi Federal Supreme Court (the "Court") has ruled unconstitutional the Kurdistan Regional Government Law No. 28 of 2007, which regulates the oil and gas sector in the Kurdistan Region of Iraq. The Court's judgment also provides that the Iraqi Ministry of Oil may pursue the annulment of Production Sharing Contracts that have...
2022-02-17 5:22 AM EST
Forza Petroleum Q3 2021 Financial and Operational Results and 2022 Capital Budget
Calgary, Alberta--(Newsfile Corp. - November 10, 2021) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announces its financial and operational results for the three and nine months ended September 30, 2021. All dollar amounts set forth in this news release are in United States dollars.Financial Highlights:Revenue of $48.7 million for Q3 2021, consisting of an average realized sales price of $56.81/barrel of oil ("bbl") on working interest oil sales of...
2021-11-10 6:00 PM EST