Lycos Energy Inc. Announces Retirement of Kel Johnston from Board
Calgary, Alberta--(Newsfile Corp. - December 18, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") announces that Mr. Kel Johnston will retire from his role as a director on the Company's Board of Directors, effective December 31, 2025. Mr. Johnston has served on the Board since 2018 under the Company's predecessor, Chronos Resources Ltd., and continued his service through the Company's transition to Lycos. The Board and management would like to thank Mr. Johnston for his many...
2025-12-18 7:00 AM EST
Lycos Energy Inc. Announces Third Quarter Financial Results and Operations Update
Calgary, Alberta--(Newsfile Corp. - November 18, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce its operating and financial results for the three and nine months ended September 30, 2025. Selected financial and operating information is outlined below and should be read with Lycos' unaudited condensed interim consolidated financial statements and related management's discussion and analysis ("MD&A") for the three and nine months ended September 30,...
2025-11-18 6:28 PM EST
Lycos Energy Inc. Declares Cash Distribution to Shareholders
Calgary, Alberta--(Newsfile Corp. - November 13, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce that at its special meeting (the "Meeting") of shareholders (the "Shareholders") held earlier today, Shareholders approved a special resolution authorizing a reduction of the stated capital account maintained in respect of the Company's common shares ("Common Shares") by $47.9 million (the "Reduction of Stated Capital") to enable the Company to make a return...
2025-11-13 6:18 PM EST
Lycos Energy Inc. Announces the Completion of Previously Announced $60.0 Million Asset Sale
Calgary, Alberta--(Newsfile Corp. - October 15, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce that it has successfully closed the previously announced sale of certain assets (the "Asset Sale") in the Lindbergh, Moose Lake and Fishing Lake areas of Alberta (the "Assets") to an arm's length purchaser for cash consideration of $60.0 million, subject to customary closing adjustments as provided for in the purchase and sale agreement dated October 7, 2025....
2025-10-15 4:17 PM EDT
Lycos Energy Inc. Announces $60.0 Million Asset Sale, Distribution of Proceeds to Shareholders and Normal Course Issuer Bid
Calgary, Alberta--(Newsfile Corp. - October 8, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce that it has entered into a definitive purchase and sale agreement (the "Agreement") dated October 7, 2025, with an arm's length purchaser to divest of certain assets in the Lindbergh, Moose Lake and Fishing Lake areas of Alberta (the "Assets") for cash consideration of $60.0 million, subject to customary closing adjustments as provided for in the Agreement...
2025-10-08 7:00 AM EDT
Lycos Energy Inc. Announces Resumption of Drilling Operations and Participation at Peters & Co. Limited Annual Fall Energy Conference
Calgary, Alberta--(Newsfile Corp. - September 8, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce that it is scheduled to attend and present at the Peters & Co. Limited 29th Annual Energy Conference in Toronto, Ontario from September 9th - 11th, 2025, as well as the resumption of drilling operations. An updated corporate presentation has been posted to the Company's website at www.lycosenergy.com. Operations Update Lycos is excited to confirm the...
2025-09-08 7:00 AM EDT
Lycos Energy Inc. Announces Second Quarter Financial Results and Operations Update
Calgary, Alberta--(Newsfile Corp. - August 25, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce its operating and financial results for the three and six months ended June 30, 2025. Selected financial and operating information is outlined below and should be read with Lycos' unaudited condensed interim consolidated financial statements and related management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2025. These...
2025-08-25 5:00 PM EDT
Lycos Energy Inc. Announces First Quarter Financial Results and Termination of Strategic Review Process
Calgary, Alberta--(Newsfile Corp. - May 29, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce its operating and financial results for the three months ended March 31, 2025. Selected financial and operating information is outlined below and should be read with Lycos' unaudited condensed interim consolidated financial statements and related management's discussion and analysis ("MD&A") for the three months ended March 31, 2025. These filings are available...
2025-05-29 7:00 PM EDT
Lycos Energy Inc. Announces 2024 Results
Calgary, Alberta--(Newsfile Corp. - April 8, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce its operating and financial results for the three months and year ended December 31, 2024. Selected financial and operating information is outlined below and should be read with Lycos' audited annual consolidated financial statements, related management's discussion and analysis ("MD&A") for the three months and year ended December 31, 2024, and annual...
2025-04-08 5:59 PM EDT
Lycos Energy Inc. Announces 2024 Reserves, Exploratory Drilling Update and the Initiation of a Comprehensive Strategic Review Process to Maximize Shareholder Value
Calgary, Alberta--(Newsfile Corp. - March 4, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to provide the results of the Company's 2024 year-end reserves evaluation as prepared by Sproule International Limited ("Sproule"), an exploratory drilling update and the initiation of a comprehensive strategic review process to identify, examine and consider strategic and financial alternatives available to the Company with the ultimate view of enhancing shareholder value...
2025-03-04 7:00 AM EST
Lycos Energy Inc Announces 2025 Budget, Operations Update and Disposition of Non-Core Assets
Calgary, Alberta--(Newsfile Corp. - January 6, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce its 2025 budget, operations update and disposition of non-core assets. 2025 Budget Highlights Lycos is pleased to announce its 2025 budget pro-forma the disposition: Capital expenditures(1) of $80 million, which includes the drilling of approximately 32 (31.82 net) multi-lateral wells. Lycos' 2025 drilling program will target existing pools in the Mannville...
2025-01-06 4:10 PM EST
Lycos Energy Inc. Announces Third Quarter Financial Results, Operations and Guidance Update
Calgary, Alberta--(Newsfile Corp. - November 18, 2024) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce its operating and financial results for the three and nine months ended September 30, 2024. Selected financial and operating information is outlined below and should be read with Lycos' unaudited condensed interim consolidated financial statements and related management's discussion and analysis ("MD&A") for the three and nine months ended September 30,...
2024-11-18 7:25 PM EST
Lycos Energy Inc. Announces Second Quarter Financial Results and Operations Update
Calgary, Alberta--(Newsfile Corp. - August 22, 2024) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce its operating and financial results for the three and six months ended June 30, 2024. Selected financial and operating information is outlined below and should be read with Lycos' unaudited condensed interim consolidated financial statements and related management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2024. These...
2024-08-22 4:05 PM EDT
Lycos Energy Inc. Announces First Quarter Financial Results and Operations Update
Calgary, Alberta--(Newsfile Corp. - May 22, 2024) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce its operating and financial results for the three months ended March 31, 2024. Selected financial and operating information is outlined below and should be read with Lycos' unaudited condensed interim consolidated financial statements and related management's discussion and analysis ("MD&A") for the three months ended March 31, 2024. These filings are available...
2024-05-22 6:39 PM EDT
Lycos Energy Inc. Announces 2023 Results and Reserves
Calgary, Alberta--(Newsfile Corp. - April 18, 2024) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce its operating and financial results for the three months and year ended December 31, 2023 and the results of Lycos' year-end independent oil and gas reserves evaluation as of December 31, 2023, prepared by Sproule Associates Limited ("Sproule"). Selected financial and operating information is outlined below and should be read with Lycos' audited annual...
2024-04-18 8:30 AM EDT
Lycos Energy Inc. Announces Operations Update Highlighted by Wine Rack Drilling Outperformance and Updated 2024 Guidance
Calgary, Alberta--(Newsfile Corp. - April 3, 2024) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to provide an operations update, preliminary first quarter production results and an increase to guidance. Q1 2024 production is expected to average in excess of 3,800 boe/d (99% crude oil) with forecasted Q2 2024 average production expected to exceed 4,500 boe/d (99% crude oil). Drilling operations will continue through break up with 7 to 9 wells expected to be drilled in...
2024-04-03 5:07 PM EDT
Lycos Energy Inc. Announces 2024 Budget
Calgary, Alberta--(Newsfile Corp. - February 1, 2024) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce its 2024 budget (the "Budget"). 2024 Budget Highlights Capital expenditures (1) of $61.0 million, which includes the drilling of approximately 28 (27.2 net) wells consisting of the following:10 (9.2 net) fishbone multi-laterals 7 (7 net) wine rack multi-laterals 10 (10 net) conventional multi-laterals 1 (1 net) injectors Lycos' 2024 drilling program will...
2024-02-01 4:05 PM EST
Lycos Energy Inc. Announces Increase to Credit Facility
Calgary, Alberta--(Newsfile Corp. - December 4, 2023) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce that it has entered into an amending agreement with the National Bank of Canada to increase its existing revolving credit facility from $35.0 million to $50.0 million. The credit facility provides added financial flexibility to support the Company's growth. About Lycos Lycos is an oil-focused, exploration, development and production company based in Calgary,...
2023-12-04 5:36 PM EST
Lycos Energy Inc. Announces Q3 2023 Financial Results, Land Acquisition and Director Retirement
Calgary, Alberta--(Newsfile Corp. - November 22, 2023) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce its operating and financial results for the three and nine months ended September 30, 2023. Selected financial and operating information is outlined below and should be read with Lycos' unaudited condensed interim consolidated financial statements and related management's discussion and analysis ("MD&A") for the three and nine months ended September 30, 2023...
2023-11-22 7:49 PM EST
Lycos Energy Inc. Announces Stock Option Grant
Calgary, Alberta--(Newsfile Corp. - October 31, 2023) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce that as a part of the Company's long term incentive program, and pursuant to the terms and conditions of its stock option plan, the Company granted 1,365,000 stock options to certain directors and officers effective as of October 30, 2023. The options expire five years from the date of the grant and are exercisable at a price of $3.75 per common share. The...
2023-10-31 9:03 PM EDT