CALGARY, Alberta, Dec. 07, 2017 -- : Eagle Energy Inc. is pleased to announce that Mr. F. Wayne McWhorter will be appointed as a director of Eagle on January 1, 2018. Mr. McWhorter’s appointment will fill the vacancy on Eagle’s board of directors created by the upcoming retirement of Mr. David Fitzpatrick, Eagle’s lead independent [...]
Eagle Energy Inc. is pleased to announce initial production test results from its first North Texas horizontal well. Currently, the well is producing 527 barrels of oil equivalent per day and is exceeding Eagle's forecast presently built into its 2017 full year average production guidance. Oil rates have continued to increase as more frack fluid [...]
CALGARY, Alberta, Nov. 09, 2017 -- Eagle Energy Inc. is pleased to report its financial and operating results for the third quarter ended September 30, 2017 as well as changes to its board of directors . Wayne Wisniewski, Eagle’s President and Chief Executive Officer, stated, “At our annual general meeting in June, we laid out two [...]
Eagle Energy is pleased to update its shareholders regarding operations and ongoing cost reduction initiatives, as well as to announce a proactive amendment to its loan agreement. Eagle has worked with its lender to relax one of its four financial covenant thresholds in recognition of prevailing low oil prices. As a result, Eagle expects to be [...]
Eagle Energy is pleased to report its financial and operating results for the second quarter ended June 30, 2017 as well as provide an update on additional cost reduction initiatives. Richard Clark, Eagle's Chief Executive Officer, stated, "I am pleased with our technical team's progress toward commencing drilling on our North Texas asset. We now [...]
Eagle Energy announced today that dissident shareholders Kingsway Financial Services Inc. and Daniel Gundersen have discontinued their court application against Eagle. As previously announced, the dissident shareholders commenced a court application alleging that Eagle's annual general meeting on June 27, 2017 was improperly conducted. After the [...]
Eagle Energy announced that dissident shareholders Kingsway Financial Services Inc. and Daniel Gundersen have commenced legal action against Eagle. The dissidents allege that Eagle's 2017 annual meeting on June 27 was improperly conducted. Eagle believes that the dissidents' allegations are completely without merit. The meeting was conducted in an [...]
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