PRD is pleased to announce a $20,000,700 bought deal private placement. PRD has entered into an agreement with a syndicate of underwriters, co-led by Macquarie Capital Markets Canada Ltd. and TD Securities Inc. and including Haywood Securities Inc. and KES 7 Capital Inc., pursuant to which the Underwriters have agreed to purchase for resale to the [...]
CALGARY, ALBERTA--(Marketwired - Apr 7, 2014) - PRD Energy Inc. ("PRD" or the "Company") (TSX VENTURE:PRD) announces that Doug Crawford, Vice President Production, is no longer with the Company. We thank Mr. Crawford for his contributions to the Company. About PRD Energy PRD Energy Inc. is a Calgary based oil and gas company engaged in the [...]
CALGARY, ALBERTA--(Marketwired - Mar 27, 2014) - PRD Energy Inc. ("PRD" or the "Company") (TSX VENTURE:PRD) announces that it has completed the previously announced insider financing. Insider financing PRD announced that it has completed the sale of 1.85 million common shares of the Company (the "Shares") to Mr. Michael Greenwood, the Chairman and [...]
CALGARY, ALBERTA--(Marketwired - Mar 24, 2014) - PRD Energy Inc. ("PRD" or the "Company") (TSX VENTURE:PRD) announces a $1.75 million insider financing and operational update. Insider financing PRD announced that it is proceeding with the sale of 1.75 million common shares of the Company (the "Shares") to Mr. Michael Greenwood, the Chairman and [...]
CALGARY, ALBERTA--(Marketwired - Mar 5, 2014) - PRD Energy Inc. ("PRD" or the "Company") (TSX VENTURE:PRD) announced initial flow rates from the Boerger 7A horizontal well. The Boerger 7A well began producing at 5:30 a.m. (Calgary time) on February 24, 2014 to clean the wellbore and commission the early production facilities. From 5:30 a.m. on [...]
CALGARY, ALBERTA--(Marketwired - Dec 20, 2013) - PRD Energy Inc. ("PRD" or the "Company") (TSX VENTURE:PRD) is pleased to announce that it has been awarded the Gettorf Exploration Licence (covering approximately 130,000 acres) as well as the Elmshorn Exploration Licence (covering approximately 145,000 acres). Both licences are located within the [...]
CALGARY, ALBERTA--(Marketwired - Nov 25, 2013) - PRD Energy Inc. ("PRD" or the "Company") (TSX VENTURE:PRD) has completed drilling and logging operations at the Boerger well in Germany. Highlights of the results to date include: 485 meters of horizontal length drilled in the targeted Jurassic Obermalm 1 zone in which oil and gas shows were seen [...]
PRD Energy announced an operational update for the drilling of the Boerger 7A well. After setting a whipstock at 660m, PRD encountered directional drilling challenges in soft sediments requiring changes to the well plan. The decision has now been made to mill the existing casing, set the whipstock point at approximately 1,200m and then drill to a [...]
PRD Energy is pleased to announce that it has been awarded the Bramstedt Exploration License covering approximately 162,000 acres. The license is located in the state of Schleswig-Holstein, Germany, and is within the Northwest German Basin. The license has been awarded to PRD Energy GmbH, a wholly-owned subsidiary of the Company. The Northwest [...]
PRD Energy is pleased to provide an operational update. Boerger 7A Well Developments PRD has completed site preparation for the drilling of the Boerger 7A well with the use of a service rig. Using a service rig, rather than a drilling rig as is customary in the local oil & gas industry, is consistent with the Company's strategy of implementing [...]
PRD Energy is pleased to announce that it has been awarded the Schwarzenbek Exploration License covering approximately 175,000 acres. The license is located in the state of Schleswig-Holstein, and is within the Northwest German Basin. The license has been awarded to PRD Energy GmbH, a wholly-owned subsidiary of the Company.
PRD Energy is pleased to announce that it has been awarded the Ostrohe Exploration License covering approximately 156,000 acres as well as the Prasdorf Production License, covering approximately 2,000 acres. Both licenses are located in the state of Schleswig-Holstein, and are within the Northwest German Basin. The licenses have been awarded to PRD [...]
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