Lotus Creek Exploration is pleased to provide the Company's 2026 budget and guidance to shareholders. The Board of Directors of the Company has approved a 2026 budget of $42.0 million that is expected to deliver 75% annual production growth with forecast average production for the fourth quarter of 2026 of 4,000 boe per day. The Company's drilling program is primarily weighted to the second half of 2026 with expected [...]
Lotus Creek Exploration is pleased to announce that the inaugural Monthly Report to Shareholders and a new Corporate Presentation have been posted to the Company's website. Lotus Creek is excited to announce the new Monthly Report to Shareholders, designed to keep shareholders informed of Lotus Creek's operational and financial momentum. Monthly, Lotus Creek will publish the report. The November 2025 Monthly Report to [...]
Lotus Creek Exploration announces that as pursuant to the Company's terms and conditions of its stock option plan, the Lotus Creek Board of Directors has approved the grant of 1,667,553 stock options to certain Directors and Officers. The stock options expire 30 business days following the date of vesting of the grant and are exercisable at a price of $1.34 per common share. The stock options vest in twelve equal [...]
Lotus Creek Exploration announces that David Hwang has retired from his role as Vice-President, Finance and CFO of the Company effective Feb 28, 2025. The Company is also pleased to announce that Mitchell Harris, who is currently the Controller of the Company, will assume the role of Interim CFO effective immediately. Mr. Hwang has served as the CFO of the Company since inception and previously served as CFO of Gear [...]
Lotus Creek Exploration is pleased to announce that it has received final approval from the TSXV to list the common shares of Lotus Creek on the TSXV as a Tier 1 Oil and Gas Issuer. Trading in respect of the Lotus Creek Shares will commence at market open on Feb 11, 2025, under the symbol "LTC". There are 40,000,000 Lotus Creek Shares issued and outstanding as of the date hereof. Lotus Creek has also entered into a [...]
Gear Energy and Lotus Creek Exploration are pleased to announce the completion of the acquisition by a large publicly traded company of all of the outstanding common shares of Gear pursuant to its previously announced plan of arrangement under Section 193 of the Business Corporations Act including all of Gear's heavy oil assets and the completion of the transfer of Gear's other property and assets, which includes its [...]
As previously announced by Gear Energy Ltd. , the Company has entered into an arrangement agreement pursuant to which a large publicly traded company will acquire Gear including its heavy oil assets for $110 million in cash and Gear will transfer its Central Alberta assets, Southeast Saskatchewan assets and, Tucker Lake property to a newly formed entity , which will be owned by the former shareholders of Gear following [...]
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