CALGARY, June 27, 2018 /CNW/ - Cequence Energy Ltd. is pleased to provide the results from its annual meeting of shareholders held June 27, 2018 in Calgary . A total of 69,956,955 common shares of the Company, representing approximately 28.49% of the issued and outstanding common shares, were represented in person or by proxy at the meeting. At the Meeting, each of the six nominees proposed by management was elected to [...]
CALGARY, June 26, 2018 /CNW/ - Cequence Energy Ltd. is pleased to provide an update on its recent operational activities. Cequence continues to see strong production from its Dunvegan oil play including the 3 gross wells that came on production in April. For the month of May, the 3 gross wells averaged a combined 601 bbl per operating day per well with all three wells above the Company's internal model of 300 bbls oil [...]
CALGARY, May 29, 2018 /CNW/ - Cequence Energy Ltd. is pleased to announce the Company has extended its Senior Credit borrowing capacity with its Syndicate of Lenders. The borrowing base has been reduced to $9 million with an extension term until July 31, 2018. The Company remains undrawn on its Senior Credit facility other than approximately $1.5 million in letters of credit. As at March 31, 2018, the Company had $74.5 [...]
CALGARY, May 15, 2018 /CNW/ - Cequence Energy Ltd. is pleased to announce its operating and financial results for the three month period ended March 31, 2018. The Company's Consolidated Financial Statements and Management's Discussion and Analysis are available at cequence-energy.com and on SEDAR at www.sedar.com. First quarter & subsequent Company highlights include: Achieved average quarterly production of 6,970 boe/d [...]
CALGARY, April 19, 2018 /CNW/ - Cequence Energy Ltd. is pleased to announce that it has disposed of its remaining assets located in north eastern British Columbia effective April 1, 2018, for nominal consideration. Upon closing of this transaction, Cequence becomes a pure Alberta operating entity with a corporate April, 2018 Alberta Energy Regulatory Licensee Liability Rating of 5.7. In the fourth quarter 2017 [...]
CALGARY, April 9, 2018 /CNW/ - Cequence Energy Ltd. announces that Mr. David Gillis, the Company's Executive Vice President and CFO, has resigned his positions to pursue other opportunities effective immediately. The Board would like to thank Mr. Gillis for his outstanding service to the Company and wishes him the best in his future endeavors. In support of the Company and its management, the Board is pleased to [...]
CALGARY, March 13, 2018 /CNW/ - Cequence Energy Ltd. is pleased to announce its year-end reserve evaluation as prepared by its qualified independent reserve evaluator as well as its operating and financial results for the fourth quarter and year ended December 31, 2017. The Company's Consolidated Financial Statements and Management's Discussion and Analysis are available at www.cequence-energy.com and on SEDAR at [...]
CALGARY, Dec. 21, 2017 /CNW/ - Cequence Energy Ltd. is pleased to announce that it has completed two asset dispositions for total proceeds of $4.3 million. The dispositions include the sale of a non-core property located in B.C. which is producing approximately 100 boe/d and the sale of 25 sections of Lower Montney rights in the Simonette area. As part of Simonette transaction, the acquirer has agreed to drill and [...]
CALGARY, Nov. 28, 2017 /CNW/ - Cequence Energy Ltd. is pleased to announce that the Company has completed its semi annual review of its senior credit facilities with its syndicate of lenders. As part of such review, the Company's borrowing base under the credit facilities has been reduced from $20 million to $12 million. The Company's credit facilities remain undrawn as of the date of this press release other than [...]
CALGARY, Nov. 9, 2017 /CNW/ - Cequence Energy Ltd. is pleased to announce its operating and financial results for the three and nine month periods ended September 30, 2017. The Company's Consolidated Financial Statements and Management's Discussion and Analysis are available at cequence-energy.com and on SEDAR at www.sedar.com. Operational and financial highlights of the Company from the third quarter include: Funds flow [...]
CALGARY, Aug. 10, 2017 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce its operating and financial results for the three and six month periods ended June 30, 2017. The Company's Consolidated Financial Statements and Management's Discussion and Analysis are available at cequence-energy.com and on SEDAR at www.sedar.com. Operational and financial highlights of the Company from [...]
CALGARY, May 29, 2017 /CNW/ - Cequence Energy Ltd. (the "Company" or "Cequence") (TSX:CQE) held its annual meeting of shareholders on May 29, 2017 in Calgary. A total of 86,157,304 common shares ("Common Shares") of the Company, representing approximately 35.09% of Common Shares, were represented in person or by proxy at the meeting. During the regular business proceedings at the meeting, shareholders approved a [...]
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