Cuda Oil and Gas Inc.

Recent News

  • Cuda Oil and Gas Inc. Announces Appointment of Receiver, Resignation of Directors and Officers

    Calgary, Alberta--(Newsfile Corp. - November 18, 2021) - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") announces that the Court of Queens Bench of Alberta has granted the application from the Company's senior and subordinate secured lenders, to appoint FTI Consulting Canada Inc. (the "Receiver") as receiver and manager over the assets, undertakings and property of Cuda and its subsidiaries. Cuda had previously announced on November 5, 2021, the Company had been served demand letters by...

    2021-11-18 3:23 PM EST
  • Cuda Oil and Gas Inc. Announces Resignation of Board Members

    Calgary, Alberta--(Newsfile Corp. - November 11, 2021) - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") announces that Mr. Bruce Lawrence, Mr. Jean-Yves Lavoie, and Ms. Guylaine Saucier have resigned as members of the Board of Directors effective immediately. Mr. Lawrence was appointed as a Director in 2018 and serves as a member of the Company's audit committee. Mr. Lawrence currently serves as a partner at Borden Ladner Gervais. Mr. Lavoie was appointed as a Director...

    2021-11-11 11:20 AM EST
  • Cuda Oil and Gas Inc. Announces Demand by Secured Lenders and Notice of Intention to Enforce Security

    Calgary, Alberta--(Newsfile Corp. - November 5, 2021) - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") announces that the Company's senior secured lender, Tallinn Capital Energy Limited Partnership, and its subordinate secured lender, being certain funds managed or co-managed by Bridging Finance Inc., have each made demand for payment in full of the Company's outstanding indebtedness and provided the Company with a Notice of Intention to Enforce Security pursuant to section 244 of the Bankruptcy and Insolvency...

    2021-11-05 8:30 AM EDT
  • Cuda Announces Termination of Agreement to Sell Alberta Assets

    Calgary, Alberta--(Newsfile Corp. - September 30, 2021) - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") previously announced that it had entered into a Share Purchase Agreement ("Agreement") to sell all of the shares of Cuda Energy Inc., a wholly-owned subsidiary of the Company that holds its Alberta assets, to an arm's length private company ("Purchaser") with a targeted closing date of September 30, 2021. Cuda and the Purchaser have mutually agreed to terminate the Agreement, as...

    2021-09-30 7:00 PM EDT
  • Cuda Oil and Gas Inc. Announces Agreement to Sell Alberta Assets for $2.67 Million

    Calgary, Alberta--(Newsfile Corp. - September 16, 2021) - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") announces that it has entered into a Share Purchase Agreement ("Agreement") to sell all of the shares of Cuda Energy Inc., a wholly-owned subsidiary of the Company that holds its Alberta assets, to an arm's length private company (the "Purchaser"). The Purchaser has agreed to pay total cash consideration of $2.67 million, subject to certain adjustments, and has provided a deposit...

    2021-09-16 7:00 PM EDT
  • Cuda Oil and Gas Inc. Announces an Increase in Proved, Developed and Producing Reserves at June 30, 2021 and Operations Highlights

    Calgary, Alberta--(Newsfile Corp. - September 8, 2021) - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") is pleased to release the results of its June 30th, 2021 Oil and Gas Reserves Evaluation ("2021 Mid-Year Reserves Report") for Wyoming and Alberta. Cuda continues to advance its major asset at Barron Flats Shannon Secondary Recovery Unit ("SSRU") in the Powder River Basin of Wyoming.In the 2021 Mid-Year Reserves Report, Ryder Scott has identified increases to the Company's estimated Proven...

    2021-09-08 8:21 PM EDT
  • Cuda Oil and Gas Inc. Announces Amendment to Unsecured Convertible Debenture

    Calgary, Alberta--(Newsfile Corp. - September 1, 2021) - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") announces that it has agreed to certain amendments to the conversion terms of its Series C Convertible Debenture (the "Convertible Debenture") in order to comply with requirements of the TSX Venture Exchange. The Convertible Debenture is an unsecured convertible debenture in the principal amount of $1,589,753 that bears interest at a rate of 15% per annum and has a maturity date...

    2021-09-01 7:00 PM EDT
  • Cuda Oil and Gas Inc. Announces Second Quarter Financial and Operating Results

    Calgary, Alberta--(Newsfile Corp. - August 30, 2021) - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") announces its financial and operating results for the three and six months ended June 30, 2021. Cuda's unaudited interim condensed consolidated financial statements and related management's discussion and analysis ("MD&A") as at and for the periods ended June 30, 2021 and 2020, are available under the Company's profile on the SEDAR website at www.sedar.com. Selected financial and operating information for the...

    2021-08-30 7:00 PM EDT