Logan Energy Corp. is pleased to announce that it has entered into a definitive agreement today to acquire an operated 50% working interest in certain assets located in the Company's core area at Simonette, Alberta, for a cash purchase price of $52.0 million, before closing adjustments. Logan is also pleased to announce an equity financing to be offered on a bought deal, private placement basis, led by National Bank [...]
Logan Energy Corp. is pleased to announce its operating and financial results for the three and nine months ended September 30, 2024, and to provide details of its expanded Duvernay land position along with an operations update. Selected financial and operational information set out below should be read in conjunction with the Company's unaudited interim financial statements and related management's discussion and [...]
Logan Energy Corp. is pleased to announce the closing of its previously announced upsized bought-deal private placement financing of 68,494,000 common shares of Logan at a price of $0.73 per Common Share for gross proceeds of approximately $50.0 million , which was led by National Bank Financial Inc. as sole bookrunner and as co-lead underwriter together with Eight Capital. The Company is also pleased to announce the [...]
Logan Energy Corp. is pleased to announce that, as a result of excess demand, it has agreed with the syndicate of underwriters with National Bank Financial Inc. as sole bookrunner and co-lead underwriter and Eight Capital as co-lead underwriter to increase the size of its previously announced bought-deal private placement financing . Logan will now issue 68,494,000 common shares at a price of $0.73 per Common Share to [...]
Logan Energy Corp. is pleased to announce the details of its Duvernay land position, which represents a new play type comprised of highly economic drilling inventory, and the acceleration of full field development at Pouce Coupe, including the construction of a 40 mmcf/d gas plant and associated infrastructure. In addition, the Company is pleased to announce its expanded 2024 budget and a fully funded preliminary budget [...]
Logan Energy Corp. announces its financial and operating results for the three and six months ended June 30, 2024, an increase to the borrowing base available under the Company's credit facility to $75.0 million, and enhancements to the executive management team. Selected financial and operational information set out below should be read in conjunction with the Company's unaudited interim financial statements and related [...]
Logan Energy Corp. announces its financial and operating results for the three months ended March 31, 2024, and provides updated guidance for the remainder of 2024. MESSAGE TO SHAREHOLDERS Logan was very active operationally during the first three months of 2024, during which it continued to execute on its plan to aggressively grow its asset base and position itself as a premier growth-oriented company in the Alberta [...]
Logan Energy Corp. announces its financial and operating results for the period ended December 31, 2023, and the results of the 2023 year end reserves evaluation and provides an operations update and details of the Company's upsized revolving credit facility. Selected financial and operational information set out below highlights results from the fourth quarter and second half of 2023 , the first full period of operations [...]
CALGARY, AB, Nov. 22, 2023 /CNW/ - Logan Energy Corp. is pleased to report its unaudited financial and operating results for the third quarter of 2023, and to provide an operations update, increased guidance for the second half of 2023 and preliminary guidance for 2024. Selected financial and operational information is set out below and should be read in conjunction with the Company's unaudited interim financial [...]
Logan Energy Corp. is pleased to announce that the Company's unaudited interim financial statements and related management's discussion and analysis for the three and six months ended June 30, 2023 and 2022 have been filed on SEDAR+ at www.sedarplus.ca and are available on the Company's website at www.loganenergycorp.com. On June 20, 2023, Logan commenced active operations following the spin-out of the early stage Montney [...]
Logan Energy is pleased to announce that the Company is extending the expiration date of the unlisted common share purchase warrants originally issued pursuant to a warrant indenture dated June 20, 2023 between the Company and Odyssey Trust Company in connection with the spin-out of the early stage Simonette, Pouce Coupe and Flatrock assets of Spartan Delta Corp. to the Company. The board of directors of Logan has made [...]
Logan Energy is pleased to announce that, further to the Company's press release dated July 13, 2023, Logan has received final approval from the TSXV to list the common shares of Logan on the TSXV as a Tier 1 Oil and Gas Issuer. Trading in respect of Logan Shares will commence at market open on July 18, 2023, under the symbol "LGN". The total number of Logan Shares issued and outstanding at listing will be 311,746,522. A [...]
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