Spartan Energy is pleased to announce it has completed the previously announced business combination with Renegade Petroleum whereby Spartan has acquired all of the issued and outstanding common shares of Renegade by way of a plan of arrangement under the Business Corporations Act (Alberta). On March 31, 2014, the Arrangement was approved at the [...]
Renegade Petroleum is pleased to announce the successful closing of the previously announced disposition of certain oil and gas assets in southeast Saskatchewan for gross proceeds of $109 million. ASSET DISPOSITION The Disposition Assets represent approximately 1,450 boe/d (95% oil and natural gas liquids) of oil and natural gas liquids production [...]
Alexander and Renegade are pleased to announce that they have entered into an agreement that provides for the combination of Alexander and Renegade to create a premier light oil focused high-growth company. The combined company will maintain a Saskatchewan focused and concentrated asset base of high netback, low decline light oil assets which [...]
Renegade Petroleum announced today that its Board of Directors has approved a $57.7 million capital budget for 2014 directed at exploitation of its high quality light-oil assets in southeast and west central Saskatchewan. This capital program is consistent with the Company's long-term objectives of drilling low-risk, high impact wells while [...]
Renegade Petroleum is pleased to announce the successful closing of the previously announced disposition of certain non-core oil and gas assets in southeast Saskatchewan for gross proceeds of $32.5 million. The Disposition Assets represent approximately 350 barrels of oil and natural gas liquids production per day. The Company allocated minimal [...]
Renegade Petroleum is pleased to announce a decisive victory over FrontFour Capital Group LLC. As result, FrontFour has now withdrawn its requisition for a special meeting of shareholders that had been scheduled for January 28, 2014 to meet FrontFour's demands. Renegade is also pleased to report that the total shares voted by proxy for the [...]
Renegade Petroleum reminds its shareholders to support the company's strategic review, which is delivering results, by voting the WHITE proxy ballot in favour of the current board of directors. We would like to thank shareholders for the strong support received to date and remind shareholders who have not yet voted, to vote their WHITE proxy no [...]
Renegade Petroleum is pleased to confirm that, in its report issued on Thursday, January 16, 2014, Glass Lewis, a leading independent proxy advisory firm, agreed that the current Renegade board is on the right path and is taking prudent steps to execute on its asset rationalization plan and to improve the Company's financial position. In its [...]
Renegade Petroleum today issued an open letter advising shareholders to reject an attempted takeover of the board of Renegade by FrontFour Capital Group LLC, a dissident group headed by Zachary George, a U.S.-based hedge fund manager. The full text of the letter is attached to this news release. The letter will be mailed to shareholders of record [...]
Renegade Petroleum today commented on the report issued on Friday, January 10, 2014 by an independent proxy advisory firm, Institutional Shareholder Services (ISS), that rejected Zachary George and his business associates to Renegade's board of directors. In its report, ISS rejects FrontFour's attempt to remove all highly-qualified and independent [...]
Renegade Petroleum is pleased to announce that it has entered into an agreement to sell certain oil and gas assets for gross proceeds of $109.0 million and is pleased to confirm its January 2014 dividend. ASSET DISPOSITION The Company has entered into a definitive agreement to sell certain oil and gas assets in southeast Saskatchewan effective [...]
Renegade Petroleum filed its management information circular today for its special meeting to be held on Tuesday, January 28, 2014. The meeting will consider a demand by FrontFour Capital Group LLC and a related shareholder, collective holders of 5% of the common shares, to replace recently elected directors entirely with its own nominees.
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