Archer Petroleum is pleased to announce that it has completed its acquisition of Atlas Engineered Products Ltd. and concurrent private placement financing of 10,566,000 common shares at a price of $0.40 per share for gross proceeds of $4,254,400. As part of the Transaction, the Company will commence trading on the TSX Venture Exchange as a Tier 1 [...]
Archer Petroleum is pleased to announce that the Company has signed a participation agreement to participate in the drilling of the Clayton No. 1H, a horizontal well. This well will target the Gardiner lime in Runnels County, Texas. It is anticipated that drilling of the Clayton No. 1H will commence March 2015. The permit for the well will allow [...]
Archer Petroleum is pleased to announce that the Company and Cardiff Energy Corp have executed a non-binding Letter of Intent to earn a 25% Working Interest on a 3 well drilling program in Ballinger, Texas. On November 25, 2014 Cardiff announced initial production rates of 180 barrels per day and 250,000 cubic feet of gas on the Bearcat #4 well in [...]
Archer Petroleum is pleased to announce that the Company has closed its private placement announced on October 14 and November 11, 2014. An aggregate of 6,500,000 Units were issued at a price of $0.05 per Unit for gross proceeds of $325,000. Each Unit consists of one common share and one-half of one transferable share purchase warrant. Each whole [...]
Archer Petroleum is pleased to announce it has increased its previously announced private placement offering (see news release dated October 14, 2014) from 5,000,000 units to 6,000,000 units at a price of $0.05 per unit for gross proceeds of up to $300,000. Each Unit will continue to consist of one common share of the Company and one-half of one [...]
Archer Petroleum announces that Joanne Yan has resigned from the Board due to time constraints effective immediately. "I would like to thank Joanne for her contribution to Archer, and we look forward to continuing to work with her in an advisory role in the future," said Colin Bowkett, President.
Archer Petroleum is pleased to announce that, in addition to its ground-breaking oil-sands recovery technology that is currently finalizing commercial validation, the Company intends to pursue, source and evaluate new potential projects in the energy sector in an effort to increase shareholder value, including but not limited to conventional oil [...]
Archer Petroleum announces that it has arranged a private placement of a convertible note in the principal amount of CDN$180,000 with an insider of the Company, Global Resource Investment Trust, plc. The Note will mature 24 months from the date of issuance and will bear interest at 11% interest per annum, with interest payable every six months. The [...]
Archer Petroleum is pleased to announce that it has entered into a share exchange agreement with Global Resources Investments Ltd., a U.K. based company, pursuant to which Archer will, on closing, issue 6,000,000 common shares of Archer to GRIL at a deemed price of CDN $0.245 per share (CDN$1.47 million) in return for 802,095 ordinary shares of [...]
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