Cona Resources Ltd.

Cona Resources is pleased to announce that the annual review of its credit facility has been completed and certain terms of the Credit Facility were amended. The borrowing base and commitment amount of the Credit Facility was reduced to $300 million from $325 million. As of March 31, 2018, there was $198.9 million drawn on the Credit Facility. The [...]

CALGARY, May 8, 2018 /CNW/ - Cona Resources Ltd. announces its operating and financial results for the three months ended March 31, 2018. Cona's financial statements and management's discussion and analysis for the three months ended March 31, 2018 are available on our website at www.conaresources.com and on SEDAR at www.sedar.com. HIGHLIGHTS [...]

CALGARY, April 24, 2018 /CNW/ - Cona Resources Ltd. will release its first quarter 2018 financial and operating results prior to the opening of markets on May 8, 2018. Cona will host a conference call on May 8, 2018, starting at 9:00AM MT , to review the Company's first quarter 2018 results. Participants can access the conference call by dialing [...]

CALGARY, April 19, 2018 /CNW/ - Cona Resources Ltd. announced today that it has mailed a management information circular and related voting materials to its shareholders in connection with the annual and special meeting to be held in the Plaza Room of the Metropolitan Conference Centre, 333 – 4th Avenue S.W., Calgary, Alberta at 11:00 a.m. on [...]

CALGARY, March 27, 2018 /CNW/ - Cona Resources Ltd. announced today that, further to its March 7, 2018 news release, it has entered into an arrangement agreement with certain affiliates of Waterous Energy Fund whereby WEF would acquire all of the common shares of Cona not currently owned by WEF pursuant to a plan of arrangement under the Business [...]

CALGARY, March 7, 2018 /CNW/ - Cona Resources Ltd. announces receipt of a proposal from Waterous Energy Fund and its affiliates to take the Company private at $2.55 per Cona common share .  The offered price represents a 31% premium over Cona's 20-day volume weighted average price of $1.94 as of March 6, 2018.  WEF acquired approximately 67 [...]

CALGARY, March 6, 2018 /CNW/ - Cona Resources Ltd. announces its operating and financial results for the three months and year ended December 31, 2017 and revised guidance for 2018 reflecting recent asset dispositions and continued weakness in Canadian heavy oil prices. Cona's financial statements, management's discussion and analysis and annual [...]

CALGARY, Feb. 27, 2018 /CNW/ - Cona Resources Ltd. will release its fourth quarter and year-end 2017 financial and operating results prior to the opening of markets on March 7, 2018. Cona will host a conference call on March 7, 2018, starting at 9:00AM MT , to review the Company's fourth quarter and year-end 2017 results. Participants can access [...]

CALGARY, Feb. 21, 2018 /CNW/ - Cona Resources Ltd. announces its 2017 year-end reserves information. Cona's year-end 2017 reserves are indicative of the Company's unique low decline, high quality oil-weighted asset base. With over 90% of the Company's production under natural water drive, waterflood, polymer flood or steam assisted gravity drainage [...]

CALGARY, Jan. 16, 2018 /CNW/ - Cona Resources Ltd. is pleased to announce debt reduction and a certain asset disposition program. Cona's operations are supported by the Company's financial flexibility. Cona's capital structure includes a $325.0 million credit facility and a term loan that matures on July 28, 2020. At December 31, 2017, $188.4 [...]