The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. Active: Tel: 303-382-1914 We are a pure-play North Dakota Bakken producer focused on top-tier acreage quality. This story was provided by Market One Media Group for commercial purposes. These are the closest 20 properties to the Petroshale Us property. While we are constantly updating and improving our datasets and product, we do not guarantee that the results and coverage provided are 100% complete and up to date. Head Office Address. [1] For all assets in North Dakota, the asset name is based on the name of the field and the name of the operator. There "Net debt/cash flow" is calculated based on estimates by PetroShale of PetroShale's ratio of net debt to cash flow. Mr. Tang has over 17 years of oil and gas experience in various financial and compliance related roles, most recently as the VP & Controller of TORC Oil & Gas Ltd. We are sorry, but your computer or network may be sending automated queries. This press release is not an offer of the securities for sale in the United States. Doug Burgum, members of the 68 th Legislative Assembly and State Tax Commissioner Brian Kroshus today celebrated the signing of a major tax relief package that will provide a combined $515 million in savings for payers of state individual income tax and local property tax over the next two years.. Burgum signed House Bill 1158 with Rep. Craig Headland, the bill's . There was an error, please provide a valid email address. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. North Dakota; McKenzie County, ND; Oil & Gas Properties in McKenzie County, ND; Petroshale Us Oil & Gas Property; Map of Wells Full Screen Map 3-D Map . ET on Thursday, April 28, 2022. Free and open company data on North Dakota (US) company PETROSHALE (US) PRODUCTION LLC (company number 0000091959), 1801 BROADWAY STE 920 DENVER, CO 80202-3805 . With a new management team on board and a strong vision in place, PetroShale Inc. (TSXV:PSH) has been recognized as one of this years TSX Venture 50 winners. solutions, Additional services customized for your needs. Get email updates from your favourite authors. Fax: 701-546-4646, Topics/Category*QuestionsCommentsRoyalty Owner QuestionsOther, McKenzie Read more in our press release. 4561 106th Ave. NW Denver, CO 80203 USA, 1800 350 7th Avenue SW 303 E 17th Ave Ste 940 Track new and recompletion permits by: well name, class, (Oil, Gas, etc) county, state, operator, permit date and, status, API, lease information, and legal description, Rig Locations Map / Database: Updated Weekly, Search and view rig locations by: operator, well name, county, state, and wellbore type, Search for the number of wells planned to drill / complete, rigs, lateral lengths, and frac stages. CO . In addition, all pages on Bizapedia will be Subscribe now to receive immediate access to. To the extent any guidance or forward looking statements herein constitute a financial outlook or future oriented financial information ("FOFI"), including PetroShale's potential cash flow in 2022 and net debt at the end of 2022, they are made as of the date hereof and included herein to provide prospective investors with an understanding the plans and assumptions for budgeting purposes and prospective investors are cautioned that the information may not be appropriate for other purposes. More particularly, this press release contains forward-looking statements concerning: the number, the price and the type of securities to be issued by PetroShale pursuant to the Private Placements; the aggregate proceeds from the proposed Private Placements and the anticipated use of proceeds therefrom; PetroShale's estimates of year end net debt, including following the Private Placements; estimated cash flow from PetroShale's assets; the new and existing directors of the PetroShale Board and members of the New Management Team following completion of the Private Placements; PetroShale's future production estimates; the manner in which the 2022 capital budget will be spent, including the types of capital expenditures; the ability of incoming New Management Team to repeat its financial and operational success through on completion of the Private Placements; the business plan of PetroShale following the completion of the Private Placements; the expectations relating to business advantages and opportunities in the oil and gas industry given current market conditions; expectations as to the corporate decline rate and capital efficiency; the expectation that the name of the Company will be changed following completion of the Private Placements. Fax: 214-880-7101, 710 Buffalo St. Simple, actionable information at your fingertips. 2101 Cedar Springs Rd. Support local journalists and the next generation of journalists. Copyright 2023 Lucero Energy Corp. All rights reserved. Contest trading begins at 9:30 a.m. The agreement will give Petroshale the ownership of assets including existing light oil production, as well as 3 drilling units. PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. We are a pure-play North Dakota Bakken producer focused on top-tier acreage quality. Join MineralAnswers.com for Production Access, Liberty Resources Management Company, LLC. Previously, Mr. Brown was the New Ventures Manager/Senior Geological Advisor of Apache Canada, and prior thereto, the Vice President, Exploration of Rock Energy. Lucero is committed to upholding the highest standard of corporate responsibility. The Warrants will vest and become exercisable as to one-third upon the 20-day volume weighted average trading price of the Common Shares (the "Trading Price") equalling or exceeding $0.67 per Common Share, an additional one-third upon the Trading Price equalling or exceeding $0.83 per Common Share and the final one-third upon the Trading Price equalling or exceeding $0.95 per share. Operator Summary Operator Name: Petroshale (Us) Inc. Production Dates on File: September 2016 to February 2023 2 Counties With Production 44 Currently Producing Wells 91 Total Wells 197.8 k Barrels of Oil Produced in Feb 2023 455.8 k MCF of Gas Produced in Feb 2023 Map of Wells Associated with Petroshale (Us) Inc. The agreement will give Petroshale the ownership of assets including existing light oil production, as well as 3 drilling units. Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. 197.8 k Barrels of Oil Produced in Feb 2023. * Earnings dates may be subject to change. 2022 CAPITAL BUDGET AND PRODUCTION GUIDANCE. Continued aggressive acquisition strategy in North Dakota, closing three separate transactions. . The 2022 TSX Venture 50 is a ranking of top performers on TSX Venture Exchange over the last year. 2023 DrillingEdge, Inc. All rights reserved. Completion of the Private Placements, is subject to certain conditions, including the approval of the TSXV, and is expected to occur on or about February 2, 2022 assuming all conditions have been met by such day. Mr. Herman has extensive oil and gas experience in leadership roles at public oil and gas companies. Reporting Entity Name Currency of the Report Reporting Entity ESTMA PetroShale Inc. has reported an update on its growth strategy and operations. Be sure to watch the corporate videos, available on the site, to learn more about the companies. Most recently, Mr. Herman was the President & CEO of TORC Oil & Gas Ltd., and previously, President & CEO of Result Energy Inc. and TriStar Oil & Gas Ltd. Drilling Activity ( The last action for this lease occurred on November 17, 2021. Tel: 701-546-4601 PetroShale achieved several strategic operational objectives through the execution of the ompany's $63 million capital expenditure1 program in 2021, including efficiently executing on 6 (4.95 net) operated wells and maximizing free cash flow1 from the ompany's high quality assets focused in the North Dakota Bakken and Three Forks play. Petro-Hunt has active operations in eight counties in North Dakota and four in Montana. PetroShale and the New Management Team believe that "cash flow" is a useful measure for demonstrating the potential cash flow generation of PetroShale's assets and is calculated as an estimate by PetroShale of PetroShale's cash provided by operating activities prior to finance expense and change in non-cash working capital. North Dakota Oil & Gas Producers Petroshale (us) Inc. Petroshale (us) Inc. Each registrant will be provided an initial balance of $50,000 of virtual cash in their contest portfolio account (no actual money will be involved) and asked to build a portfolio based on this years TSX Venture 50. Ms. Lavergne has over 18 years of oil and gas engineering experience, particularly in the Williston Basin, and most recently was the Engineering Manager of TORC Oil & Gas Ltd. from 55 actively producing wells in that Petroshale (us) Inc. can drill in the future. Fax: 361-887-1804, 508 W Wall St The acquisition is in line with PetroShale's strategy of acquiring and developing lands in North Dakota Bakken . Williams Copyright 2023 CNW Group Ltd. All Rights Reserved. oasis petroleum north america llc dahl w federal 5301 13- . DrillingEdge obtains all relevant oil and gas data from respective state and local government regulating agencies in accordance with the Freedom of Information Act. 99/month for 3 months SUBSCRIBE NOW Show Search. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Fax: 701-863-6999, 10060 81st St. NW Suite 324 Check back regularly to keep up to date on drilling to maintain the 'DrillingEdge'. Governor Doug Burgum, members of the 69th Legislative Assembly and State Tax Commissioner Brian Kroshus today celebrated the signing of a major tax relief package that will provide a combined $515 million in savings for payers of state individual income tax and local property tax over the next two years. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. PetroShale has built a sustainable growth platform of light oil focused assets. and 6,592 MCF of gas, Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. . NDIC means the North Dakota Industrial Commission. These four horizontal test wells in the 40,000-acre Mondak play are noteworthy for having been drilled and. We are a technically driven company focused on land interests with near term drilling exposure. Petro-Hunt has active operation in Louisiana and Texas, Petro-Hunt has active operations in 4 counties in West Texas, Operates 775 wells in the Williston Basin, Non-Operated Working Interest partner in 8,200 wells, Non-Operated Working Interest partner in 1,400 wells, Operates 105 wells in West Texas in the Delaware Basin. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts . PetroShale Announces Property Acquisition, Executive Management and Board Changes and Private Placement PetroShale Inc. is pleased to announce the acquisition of additional land in one of our. North Dakota Office of the State Tax Commissioner $ 8,074,587 $ 8,074,587 . By continuing to use our site, you agree to our Terms of Service and Privacy Policy. The Venezuelan Finance Ministry yesterday said that the China Development Bank will finan Italian oil major, Eni commenced gas production from the Sankofa field in the Offshore Ca Oil prices fell yesterday as US President Donald Trump asked OPEC to REDUCE PRICING NOW Visibility in the global oil & gas community, Access to thousands of global oil & gas tenders. This advertisement has not loaded yet, but your article continues below. If you don't see it, please check your junk folder. The information contained in this press release does not purport to be all inclusive or to contain all information that prospective investors may require. Each Unit will be comprised of one Common Share and one warrant ("Warrant") entitling the holder to purchase one Common Share at a price of $0.475 per Common Share for a period of 5 years from the issuance date. At current commodity prices, the recapitalized entity is expected to generate greater than $130 million of cash flow in 2022, and combined with the Private Placement proceeds, net debt is expected to be less than $82 million (or 0.6 times net debt/cash flow) at the end of 2022. To: 2020-12-31. In addition, CALGARY, AB, Jan. 13, 2022 /CNW/ - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH) (OTCQB: PSHIF) is pleased to announce the appointment of a new management team (the "New Management Team") led by Brett Herman as President & Chief Executive Officer, Jason Skehar as Chief Operating Officer, Marvin Tang as Vice President, Finance & Chief Financial Officer, Sandy Brown as Vice President, Geosciences, Kristine Lavergne as Vice President, Engineering, and Shane Manchester as Vice President, Operations. Forth Berthold Indian Reservation Bureau of Indian Affairs, Fort . In January, 2022, we announced a new management team and board member, and an oversubscribed $54.5 million equity financing designed to recapitalize the Company. Drilling wells, permits, operators and production information can give you an edge. We are a pure-play North Dakota Bakken producer . Killdeer, ND 58640 Mountrail United States of America. In connection with the appointment of the New Management Team, PetroShale intends to complete (i) a non-brokered private placement of units of PetroShale (the "Units") with the New Management Team for gross proceeds of $9.5 million (the "Non-Brokered Private Placement"), and (ii) a brokered commercially reasonable efforts private placement of common shares of PetroShale ("Common Shares") for gross proceeds of up to $45.0 million (the "Brokered Private Placement"), and combined with the Non-Brokered Private Placement (the "Private Placements"), gross proceeds of up to $54.5 million will be raised. U.S. Army Corps of Engineers St. Paul District Public Affairs Office 332 Minnesota St., Suite E1500 St. Paul, MN 55101 Phone: (651) 290-5807 Fax: (651) 290-5752 It is anticipated that additional directors will be appointed at the next shareholder meeting of the Company. Permit Now Cancelled: McKenzie County, ND: 47.978425-102.745345: 33-053-07650: PETROSHALE US 8H: PETROSHALE (US) INC. ET on Thursday, March 3, 2022 and ends at 4 p.m. This entry point, combined with the New Management Team's experience in consolidating and integrating acquisitions, as well as exploiting and exploring for resource-in-place assets in the Williston Basin, will provide a platform for focused growth through strategic acquisitions and internally generated prospects. Please Upgrade it take less then a minute. served to you completely ad free and you will be granted access to view every profile in its entirety, even Killdeer, ND 58640 CALGARY, AB - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH) (OTCQB: PSHIF) is pleased to announce the appointment of a new management team (the "New Management Team") led by Brett Herman as President & Chief Executive Officer, Jason Skehar as Chief Operating Officer, Marvin Tang as Vice President, Finance & Chief Financial Officer, For further information: Brett Herman, President and Chief Executive Officer, PetroShale Inc., Telephone: 403-266-1717; Marvin Tang, Vice President Finance and Chief Financial Officer, PetroShale Inc., Telephone: 403-266-1717. BISMARCK, N.D. - Gov. are no permits filed with the state Additionally, given that the value ratio based on the current price of crude oil, as compared to natural gas, is significantly different from the energy equivalency of 6:1; utilizing a conversion ratio of 6:1 may be misleading as an indication of value. Fax: 701-675-2504, 12710 95th St. NW Petroshale (us) Inc. is PetroShale plans to continue to grow organically and pursue further drilling on existing assets. PetroShale's 2022 capital budget is specifically focused on: Investing in higher rate of return, lower risk light oil opportunities across the Company's high quality, low risk development. The New Management Team has a successful track record of creating shareholder value through a disciplined and long term integrated strategy of acquiring and developing assets, most recently at TORC Oil & Gas Ltd. ("TORC"). Divide Petro-Hunt L.L.C. To protect our site, we cannot process your request right now. Suite 414 Tel: 701-863-6622 With the Bizapedia Pro Search service you will get unlimited searches via our various search forms, A boe conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 Mcf: 1 bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The New Management Team believes PetroShale's assets, currently producing in excess of 10,000 boe/d (approximately 85% light oil and natural gas liquids) offer compelling economic returns. We employ a proven and repeatable strategy to generate value and develop the play with a consistent approach throughout the cycle. [1] For all assets in North Dakota, the asset name is based on the name of the field and the name of the operator. We are a technically driven company focused on land interests with near term drilling exposure. The agent name for this entity is: SECRETARY OF STATE OF NORTH DAKOTA BY STATUTE N.D.C.C., 10-01.1-13. with up to 5 times the number of maximum matches per search vs. non-subscribers. The term "boe" or barrels of oil equivalent may be misleading, particularly if used in isolation. A major drilling operator has reportedly saved C$130k and avoided multiple trips per sect EPC giant, TechnipFMC has landed subsea contracts for Anadarkos Mozambique LNG Project. Register now for Canadas Top Public Venture Capitalist Contest: https://v50.stocktrak.com/members/register. 80203-1262, Petroshale (us) Inc. PetroShale also announced an oversubscribed $54.5 million equity financing designed to recapitalize the company, their 2022 capital budget and production guidance, along with a proposed name change to Lucero Energy Corp. To learn more about PetroShale Inc.s unique investment proposition, visit their website here. Oil and Gas information that can give you a competitive edge in a very competitive landscape. of 6,592 BBLs oil Defendant: Continental Resources, Inc. Case Number: 1:2017cv00217: Filed: October 11, 2017: Court: US District Court for the District . 350 - 7th Ave SW, Suite 3900. Access articles from across Canada with one account. PetroShale Inc. CAD. PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. 2101 Cedar Springs Rd. Tel: 406-774-3017 Share your thoughts and join the conversation in the comments. Our Posthaste newsletter has all the breaking business news and market signals you need, Our Posthaste newsletter has all the breaking business news you need, An emerging pure-play growth company in North Dakota, Public sector workers reach deal with government, ending strike, First Republic Bank seized and sold to JPMorgan in third major U.S. bank failure in 2 months, Weight Loss brand Jenny Craig considers bankruptcy, Alibaba's Jack Ma turns up in Japan as college professor, '50% correction': Why Canada's office real estate sector is heading for a reckoning, tap here to see other videos from our team, https://v50.stocktrak.com/members/register. The Private Placements are not expected to materially affect control of PetroShale nor create a new control person of the Company. For the full 2022 TSX Venture 50 ranking, methodology and profile videos of companies included in the ranking, visit www.tsx.com/venture50. The New Management Team has a strong track record of disciplined operating and consolidating success in the Williston Basin, where PetroShale's existing asset base is located (within the prolific North Dakota Bakken). Get exclusive access to the National Post ePaper, an electronic replica of the print edition that you can share, download and comment on. PetroShale has the following key operational and financial attributes: 2022E Average: 10,500 11,000 boepd (85% light oil and liquids), 2022E Exit: 11,000 boepd (85% light oil and liquids), Approximately 72 MMboe (87% light oil and liquids), Corporate production decline: 30% (2022E), Capital Efficiency(2),(3): $17,000/boepd (IP 365), $134 million ($82 million pro forma the Private Placements), 521 million (657 million pro forma the Private Placements). We are a pure-play North Dakota Bakken producer focused on top-tier acreage quality. Dallas, TX 75201 north dakota industrial commission date: december 8, 2020 daily report: 18155 permits approved: #38013 - petroshale (us) inc., thompson federal 4tfh, nwnw 30-149n 95w, mckenzie, 620' fnl and 560' fwl, confidential, development, bear den, 2479' ground, api 33-053-09612 #38014 - petroshale (us) inc., la verendrye federal 4mbh, nwnw 30-149n . Closing of the Brokered Private Placement is expected to occur on or about February 2, 2022. Reporting Year From: 2020-01-01. (2) Capital efficiency is a measure of forecast capital expenditures divided by forecast production additions. ever been included, affiliated or connected in any way with or had any joint or common business enterprises or dealings of any kind with Petro-Hunt, Inc., a Kentucky corporation, its president J. Office Locations Corporate Headquarters Petro-Hunt, L.L.C. Bismarck, ND 58501 Ownership and use of this lease is overseen by the Bureau of Land Management's North Dakota Field Officeunder the serial number NDBLMA0023570. He was the President and Chief Executive Officer overseeing the operations of Baytex, growing production to over 40,000 boe/d. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Clerk's office added description of Attachment A. Strategy to acquire and develop tier one leases in the core of the prolific Williston Basin, where the Bakken / Three Forks resource is the most intense with stacked pay zones, offering compelling economic returns. TORC grew from nil production to more than 28,000 Boepd through the successful execution of several strategic acquisitions, combined with a low risk development drilling and exploitation program that advanced the prolific Bakken resource play in the southeast Saskatchewan region of the Williston Basin. 1801 BROADWAY STE 920 DENVER, CO 80202-3805 Mailing Address.

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