Cuda Oil and Gas Inc. Announces the Closing of the Refinancing of its $35 Million Credit Facility and a new $8 Million Demand Facility with its Canadian Institutional Lender
Calgary, Alberta--(Newsfile Corp. - July 3, 2019) - Cuda Oil and Gas Inc. (TSXV: CUDA) (OTC: JNEXF) ("Cuda" or the "Company") is pleased to announce it has signed a definitive agreement to refinance its CAD $35 million credit facility (the "Facility") with its Canadian institutional lender (the "Lender"). The refinancing includes the extension of the maturity of the Facility by one year to
2019-07-03 7:00 AM EDT
Cuda Pétrole et Gaz Inc. annonce un placement privé; un autre jalon financier pour son projet de pétrole léger dans le bassin de Powder River, dans le Wyoming
Calgary, Alberta--(Newsfile Corp. - June 25, 2019) - Cuda Pétrole et Gaz Inc. (TSXV: CUDA) («Cuda» ou la «Société») est heureuse d'annoncer la signature d'une entente avec un syndicat de placeurs pour compte prévoyant un placement sous forme d'émission d'actions d'un montant maximal de 8 millions de dollars sous forme de placement privé sur la base d'efforts commerciales raisonnables (le «Placement»). Le syndicat est co-dirigé par KES 7 Capital Inc. (« KES 7 ») et Eight Capital et inclut...
2019-06-25 6:54 PM EDT
Cuda Oil and Gas Inc. Announces Private Placement, Another Financial Milestone for Its Light Oil Project in the Powder River Basin, Wyoming
Calgary, Alberta--(Newsfile Corp. - June 25, 2019) - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of investment dealers for an equity offering to raise up to $8 million on a commercially reasonable efforts private placement basis (the "Offering"). The syndicate is co-led by KES 7 Capital Inc. ("KES 7") and Eight Capital and includes Seaport Global Securities LLC and Cormark Securities Inc....
2019-06-25 7:00 AM EDT
Cuda Pétrole et Gaz Inc. annonce une étape importante de financement pour son projet de pétrole léger dans le bassin de la rivière Powder, au Wyoming
Calgary, Alberta---(Newsfile Corp. - le 5 juin 2019) - Cuda Pétrole et Gaz Inc. («Cuda» ou la «société») (TSXV: CUDA) est heureuse d'annoncer qu'elle a signé une lettre d'intention (la « LI ») pour le refinancement de sa facilité de crédit de 35 millions $ CAN (la « Facilité ») avec son prêteur institutionnel canadien ( le « Prêteur »). Le refinancement inclut une extension de la maturité de la Facilité pour un an de juillet 2019 à juillet 2020 et est sujet à une entente définitive. Les...
2019-06-06 7:16 PM EDT
Cuda Oil and Gas Inc. Announces a Financial Milestone for its Light Oil Project in the Powder River Basin, Wyoming
Calgary, Alberta--(Newsfile Corp. - June 5, 2019) - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") is pleased to announce it has signed a Letter of Intent (the "LOI") to refinance its CAD $35 million credit facility (the "Facility") with its Canadian institutional lender (the "Lender"). The refinancing includes the extension of the maturity of the Facility by one year from July 2019 to July 2020, subject to a definitive agreement. Interest on the Facility will continue to...
2019-06-05 4:14 PM EDT
Cuda Pétrole et Gaz inc. annonce le commencement des activités à son site d'injection de gaz naturel miscible et le dépôt d'une application pour la récupération secondaire à l'aide d'injection de gaz auprès du WOGCC dans le bassin de la rivière Powder, au Wyoming
Calgary, Alberta--(Newsfile Corp. - May 23, 2019) - Cuda Pétrole et Gaz Inc. (TSXV: CUDA) («
2019-05-23 9:00 AM EDT
Cuda Oil and Gas Inc. Announces Start-up of Operations at the Company's Natural Gas Miscible Flood Facility and Submission of Gas Flood Application to WOGCC in the Powder River Basin, Wyoming
Calgary, Alberta--(Newsfile Corp. - May 23, 2019) - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") is pleased to announce the natural gas plant and associated facilities on the Barron Flats (Deep) Federal Unit (BFU) in Converse County, Wyoming have been commissioned to process rich Shannon field solution gas. The plant is a key step to allowing the Company to access gas flood reserves assi
2019-05-23 9:00 AM EDT
Cuda Oil and Gas Inc. Reports Significant Increases in Oil and Liquid Reserves
Calgary, Alberta--(Newsfile Corp. - February 26, 2019) - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") releases the results of its 2018 year-end oil and gas reserves evaluation for Wyoming and Alberta. In 2018, Cuda completed the merger with Junex Inc., a TSXV listed company and concurrently acquired a 27.75% working interest ("WI") in the Barron Flats Federal Deep Unit ("BFU") and subsequently 33.33% WI in the Cole Creek Unit both located in the Powder River Basin of Wyoming....
2019-02-26 7:47 PM EST
Cuda Oil and Gas Inc. Announces Issuance of Shares as Payment of Convertible Debenture Interest
Calgary, Alberta--(Newsfile Corp. - January 21, 2019) - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") announces that the Company will issue common shares of the Company in satisfaction of a portion of the interest payable in respect of its outstanding convertible debentures. The Company has outstanding convertible debentures in the principal amount of $1.5 million that bear interest payable semi-annually at a rate of 12% per annum and entitle the Company to pay up to 50% of an...
2019-01-21 7:41 PM EST
Cuda Oil and Gas Inc. ("Cuda") Announces That Its Chief Operating Officer Terrance Schneider Retired Effective December 31, 2018
Calgary, Alberta--(Newsfile Corp. - January 2, 2019) - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") announces the retirement of Mr. Terrance Schneider, the current Chief Operating Officer of the Company, effective December 31, 2018. Cuda's Management and Board of Directors thank Terry for his dedication and assistance in building the Company. R. Glenn Dawson, President and Chief Executive Officer will assume all executive responsibilities associated with the operations of the...
2019-01-02 8:53 AM EST
Cuda pétrole et gaz inc. fournit une mise à jour de l'état de la production et des opérations au Wyoming - développement de pétrole léger au bassin Powder River
Calgary, Alberta--(Newsfile Corp. - le 20 décembre 2018) - Cuda pétrole et gaz inc. (TSXV: CUDA) (« Cuda » ou la « société ») a le plaisir d'annoncer que les opérations de forage et de complétion réalisées dans l'unité (profonde) Barron Flats (UBF) dans le comté de Converse, au Wyoming, se poursuivent et ont été couronnées d'un succès total à ce jour. La production nette revenant à Cuda est en hausse de plus de 60% par rapport à son niveau au moment de l'acquisition de l'actif en juin 2018....
2018-12-20 11:03 AM EST
Cuda Oil and Gas Inc. Provides Production and Operational Update on Wyoming - Powder River Basin Light Oil Development
Calgary, Alberta--(Newsfile Corp. - December 19, 2018) - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") is pleased to announce that drilling and completion operations on the Barron Flats (Deep) Unit (BFU) in Converse County, Wyoming are ongoing and have recorded 100% success to date. Production net to Cuda, is up over 60% from where it was when the asset was purchased in June 2018. Additionally, improved pricing environment for winter natural gas in Alberta has allowed the...
2018-12-19 9:50 AM EST
Cuda Oil and Gas Inc. Announces Extension of Private Placement
Calgary, Alberta--(Newsfile Corp. - November 19, 2018) - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") announces that, further to its news release dated November 9, 2018 relating to the closing of the first tranche of its private placement of common shares of the Company (the "Offering"), the TSX Venture Exchange has granted an extension to permit the Company to complete an additional tranche of the Offering on or before December 19, 2018. About Cuda Oil and Gas Inc. Cuda Oil...
2018-11-19 8:00 AM EST
Cuda Oil and Gas Inc. Announces Closing of First Tranche of Brokered Private Placement
Calgary, Alberta--(Newsfile Corp. - November 9, 2018) - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced private placement of common shares of the Company (the "Common Shares") for gross proceeds of approximately $7.2 million (the "Offering"). The Company issued 2,981,212 Common Shares at a price of $2.40 per share pursuant to the first tranche of the Offering. The Common Shares issued pursuant...
2018-11-09 10:01 AM EST
Cuda Oil and Gas Inc. Announces Repricing of Previously Announced Private Placement
Calgary, Alberta--(Newsfile Corp. - November 2, 2018) - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") announces that the terms of its previously announced private placement offering for gross proceeds of up to $10,000,000 (the "Offering") have been revised by the reduction in the price of the common shares in the capital of Company (the "Common Shares") from $3.05 per Common Share to $2.40 per Common Share (the "Offering Price"). Although investor demand for the Offering has...
2018-11-02 6:04 PM EDT
Cuda Oil and Gas Inc. Announces Change of Auditor
Calgary, Alberta--(Newsfile Corp. - October 31, 2018) - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") announces that it has changed its auditor from Raymond Chabot Grant Thornton LLP (the "Former Auditor") to KPMG (the "Successor Auditor") effective October 15, 2018 as a consequence of the Plan of Arrangement between Cuda Energy Inc. and Junex Inc. The audit committee and the board of directors requested that the Former Auditor resign as auditor effective October 15, 2018 to...
2018-10-31 7:13 PM EDT