Greenfields Petroleum Corp.

HOUSTON, TEXAS--(Marketwired - Feb. 24, 2015) - NOT FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. Greenfields Petroleum Corp. (the "Company" or "Greenfields") (TSX VENTURE:GNF)(TSX VENTURE:GNF.DB), announces that, further to the January 29, 2015 press release of the Company, it has issued an aggregate of 55,685 common shares of the [...]

Greenfields Petroleum is pleased to announce that the operating company of the Bahar project, Bahar Energy Operating Company, continues work in its redevelopment of the Gum Deniz and Bahar fields in the Bahar ERDPSA, Azerbaijan. BEOC has announced a 2015 budget for the Bahar project, including gross operating costs of $37.8 million and gross capital costs of $31.0 million. This budget is focused on continued growth of [...]

Greenfields Petroleum, is pleased to announce that it has completed a non-brokered private placement of 2,000,000 common shares of the Company, at a price of USD$0.90 per Common Share (approximately CDN$1.11 per Common Share based on the Bank of Canada noon exchange rate on January 22, 2015 of $1.00 USD = $1.2371 CDN), for aggregate gross proceeds of USD$1,800,000 (approximately CDN $2,226,780). The Common Shares are [...]

Greenfields Petroleum is pleased to provide an update on Baghlan Group Limited, being the other shareholder of Bahar Energy Limited and its partner in the Bahar Project.

Greenfields, an independent exploration and production company with producing assets in Azerbaijan, announces its financial results and operating highlights for the three and nine months ended September 30, 2014. Except as otherwise indicated, all dollar amounts referenced herein are expressed in United States dollars. Baghlan has failed to fund its share of the costs of Bahar Energy in accordance with the Shareholders [...]

Greenfields, an independent exploration and production company with assets in Azerbaijan, is pleased to provide an update on the continuing redevelopment of the Gum Deniz and Bahar fields in the Bahar Exploration, Rehabilitation, Development and Production Sharing Agreement, Azerbaijan. For the third quarter of 2014, Greenfields' 33% share of Bahar Energy Limited's entitlement sales volumes averaged 325 bbl/d of oil and [...]

Greenfields Petroleum announces its financial results and operating highlights for the second quarter and year-to-date of 2014. Except as otherwise indicated, all dollar amounts referenced herein are expressed in United States dollars.

Greenfields Petroleum announces that pursuant to the terms of the investment and shareholders agreement with respect to Bahar Energy, Greenfields Petroleum International Company, has funded, by way of a loan to BEL, approximately US$16.5 million of defaulted obligations of the other shareholder of BEL, Baghlan Energy. BEL is the parent of Bahar Energy Operating Company Limited, being the operating company with respect to [...]

Greenfields Petroleum announced today that 410,000 common shares of the Company were granted to certain officers and a director of the Company pursuant to existing agreements with the Grantees. The Common Shares vest in two tranches, with 50% of the Common Shares vesting on July 1, 2014 and the remaining 50% of the Common Shares vesting on July 1, 2015. The deemed price of the Common Shares vested on July 1, 2014 was [...]

Greenfields Petroleum is pleased to announce that it has secured a US$21 million loan facility with an arm's length third party arranged through Meridian SEZC. The funds available under the Loan are intended to be used to finance the ongoing development operations of Bahar Energy Limited in Azerbaijan as it relates to the Gum Deniz Oil Field and Bahar Gas Field.