Azabache Energy announces that it has filed its annual audited financial statements, management`s discussion and analysis and certifications of annual filings for the year ended June 30, 2014. In addition, Azabache has filed its reserves data and other oil and gas information required by National Instrument 51-101, Standards of Disclosure for Oil [...]
Azabache Energy announces the completion an independent engineering report prepared by Gaffney Cline & Associates entitled "In Place Volume Assessment for Designated Section of Covunco Norte-Sur and El Corte Blocks - Vaca Muerta Formation" and dated September 30, 2014. The full report can be viewed at the Company's website at www.azaenergy.com and [...]
Azabache announces that it has closed its previously announced non-brokered financing of a $1,000,000 convertible, unsecured interest-bearing loan with an insider of the Corporation. The Convertible Loan will bear interest at a rate of 8% per annum, calculated and payable together with the principal of the Convertible Loan upon the maturity date [...]
Azabache announces that it will be re-organizing its operations in Colombia by transferring certain assets from its existing Colombian branch, Azabache Energy Inc. Sucursal Colombia, to a "to-be-formed" wholly owned subsidiary of the Company which will form a branch in Colombia. The following assets will be transferred to the Company's new branch [...]
Azabache announces that it has entered into a Termination and Mutual Release Agreement and a loan agreement with RIO BRAVO COMMERCIAL ENTERPRISES INC., a private Panamanian corporation. Under the Termination Agreement, Azabache and RBE agree to the early termination of the previously announced Participation Agreement, under which RBE was to pay [...]
Azabache is pleased to announce that it has entered into an agreement with an insider of the Corporation to complete a non-brokered financing of a $1,000,000 convertible, unsecured interest-bearing loan. The Convertible Loan will bear interest at a rate of 8% per annum, calculated and payable together with the principal of the Convertible Loan upon [...]
Azabache is pleased to announce that pursuant to the terms of the previously announced debt offering on May 15, 2013, it has repaid in full, the principal amount under its convertible loan of $350,000 through the issuance of an aggregate of 2,058,823 common shares of the Company at a deemed price of $0.17 per Common Share. The interest under the [...]
Azabache is pleased to announce that it has retained Gaffney Kline & Associates of Houston, Texas to conduct a full field resource report on the Company's Covunco Norte Sur Block, Neuquén Province in Argentina and in particular the Vaca Muerta formation. The Company expects the report to be completed in the third quarter of 2014. This report when [...]
Azabache announces that pursuant to the terms of its stock option plan, its Board of Directors has approved the granting of options to purchase an aggregate of 11,025,000 common shares at a price of $0.13 per share to certain of its directors, officers, employees and consultants. After the grant, the Company will have 2,831,550 options available [...]
Azabache announces the completion of the production testing operation performed on the Cvo.x-2 exploration well on the Covunco Norte Sur Block, Neuquén Province. The Company is pleased to provide the following up date: Upon the Cvo.x-2 well being completed and the hydraulic fracture stimulation at the planned depths a bridge plug was placed in [...]
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