Tanager Energy is announcing today a series of proposed significant transactions. Tanager has entered into a non-binding letter of intent to purchase Titan Chalk and Haloroc Technologies in exchange for US$110,162,250 to be paid with Common Shares of Tanager at a price of CDN$0.1634 per share and three year warrants in the amount of US$11,061,225 at a strike price of CDN$1.00 per share. The proposed acquisition will [...]
CALGARY, Alberta, March 27, 2018 -- Tanager Energy Inc. is pleased to announce that the outstanding secured convertible promissory notes in the aggregate principal amount of US$6,000,000 due on June 27, 2019, have been converted by the holders at a conversion price of CDN$0.07 per share, into an aggregate of 110,451,428 Common Shares of Tanager. Roger S. Braugh, Jr., a director of Tanager, acquired 55,225,714 Common [...]
CALGARY, Alberta , Nov. 06, 2017 (GLOBE NEWSWIRE) -- Tanager Energy Inc. (“Tanager” or the “Corporation”) (TSX-V:TAN) (OTCQB:TANEF) is pleased to announce that it completed the installation of gas compression facilities for its Raptor A #1 and Raptor B #1 wells in Polk County, Texas on November 5, 2017. Compression facilities were made necessary by high pipeline pressure. The combined production [...]
CALGARY, Alberta, Oct. 30, 2017 (GLOBE NEWSWIRE) -- Tanager Energy Inc. (“Tanager” or the “Corporation”) (TSXV:TAN)(OTCQB:TANEF) is pleased to announce a new field discovery in the Jones #1 well drilled in Tanager’s Polk County, Texas joint venture with Paleo Oil Company, LLC. Tanager owns a seventy five percent* (75%) working interest in the Jones #1 well. The well was completed at a [...]
Tanager Energy is pleased to announce the completion of drilling activities, logging and open hole testing of its Jones #1 well. Tanager confirms that its Jones #1 well has been drilled to a total measured depth of 3,367 feet and will now be completed. Data from electronic logs and sidewall cores indicates the presence of hydrocarbons in the primary Yegua sandstone objective. A workover rig will be contracted to [...]
Tanager Energy is pleased to announce that all matters set forth in the notice of meeting and management proxy and information circular dated August 16, 2017 were approved by the shareholders of Tanager at the annual general and special meeting held on September 22, 2017. The resolutions that were passed at the Meeting included fixing the number of directors to be elected at the Meeting at four members, the election of [...]
Tanager Energy is pleased to announce that Tanager has completed a transaction with Vision Resources and affiliates and Pantheon Resources PLC and affiliates concerning certain properties and prospects in Polk County. Pantheon Resources PLC is an AIM-listed company traded on the London Exchange under the symbol “PANR”. The transaction resolved potential mineral title disputes concerning 2,132 acres of the Vision/Pantheon [...]
Tanager Energy is pleased to announce that a drilling rig has moved to the well location and has begun drilling its Jones #1 well. The well will be drilled to a maximum depth of 3,800 feet to test the Yegua formation. The well is located approximately 12 miles northwest of Livingston, Polk County. A further update will be provided upon completion of drilling operations.
Tanager Energy is pleased to announce that its Raptor A #1 and Raptor B #1 wells in Polk County, Texas were brought onto production on September 13, 2017 and September 12, 2017, respectively, upon completion of the gas sales lines. The Raptor A #1 well was brought onto production at an initial flow rate of approximately 650 mcf per day of natural gas on a 14/64 choke with a stabilized flowing pressure of 871 psi. The [...]
Tanager Energy is pleased to announce that effective September 8, 2017, the symbol for trading of Tanager’s common shares in the United States on the OTCQB® Venture Market as changed from “MNIRF” to “TANEF”. Tanager continues to trade on the TSX Venture Exchange under the trading symbol “TAN”. Effective August 25, 2017, Tanager’s common shares were upgraded and approved for trading on the OTCQB in the United States.
Tanager Energy is pleased to announce the completion of drilling activities and logging of its Sidekick A #1 well. The Sidekick A #1 encountered two potentially productive zones by log analysis. Further testing, such as sidewall coring and formation tests, could not be performed on the well due the approach of tropical storm Harvey. The Sidekick A #1 well was drilled to a total measured depth of 3,900 feet, and production [...]
Tanager Energy is pleased to announce a new field discovery in the Stampede A #1 well, it’s fourth consecutive successful Yegua sandstone well to be drilled in Polk County, Texas in a joint venture with Paleo Oil Company. Tanager owns seventy five percent* (75%) working interest in the Stampede A #1 well. The well was completed at a measured depth of 3,031-3,033 feet and flow tested over a 43-hour period. Testing was [...]
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