80203-1262, Petroshale (us) Inc. North Dakota Office of the State Tax Commissioner $ 8,074,587 $ 8,074,587 . Enjoy insights and behind-the-scenes analysis from our award-winning journalists. PetroShale Inc. has reported an update on its growth strategy and operations. Our new management team has a strong track record of disciplined operating and consolidating success in the Williston Basin. PETROSHALE US H1: PETROSHALE (US) INC. PetroShale plans to continue to grow organically and pursue further drilling on existing assets. Mr. Tang has over 17 years of oil and gas experience in various financial and compliance related roles, most recently as the VP & Controller of TORC Oil & Gas Ltd. Track A&D/M&A transactions by: buyer, seller, deal value, production, reserves, acreage, price per BOE, Access select maps from operator presentations for acreage, acquisitions, trends, and more, Track the latest well results and performance from operators in the Permian-basin, Track spending quarter by quarter as operators adjust spending throughout the year, Property Listings (Assets for sale by Operator, State, County, Region, Type), Still not sure? Petro-Hunt L.L.C. Each registrant will be provided an initial balance of $50,000 of virtual cash in their contest portfolio account (no actual money will be involved) and asked to build a portfolio based on this years TSX Venture 50. Fax: 701-863-6620, 813 123rd Ave. SW 99/month for 3 months SUBSCRIBE NOW Show Search. Prior thereto, Mr. Tang was the Manager of Financial Reporting of Result Energy Inc. and TriStar Oil & Gas Ltd. Mr. Brown has significant geological oil and gas experience, particularly in the Williston Basin, and most recently was the VP Geosciences at TORC Oil & Gas Ltd. PetroShale's 2022 capital budget is specifically focused on: PetroShale's capital program in 2022 is focused on light oil development projects, with the majority of the capital directed to drilling, completions and tie-ins (greater than 85%) with the remainder allocated to operational and facility optimization to maximize production efficiency. Information in relation to the previous experience of New Management Team is not indicative of the future performance of PetroShale following the Private Placements. Please notify DrillingEdge immediately if any inaccuracies are discovered. Clerk's office added description of Attachment A. PetroShale's lower-risk North Dakota assets are characterized by compelling rates of return driven by robust operating netbacks, strong initial production rates and high estimated ultimate recoveries. PetroShale Incorporation has signed a $55 million deal to buy assets in North Dakota Bakken region. Closing of the Brokered Private Placement is expected to occur on or about February 2, 2022. "This is a historic day for North Dakota children, parents and employers. We are a pure-play North Dakota Bakken producer . Oil and Gas information that can give you a competitive edge in a very competitive landscape. Dallas, TX 75201 PetroShale is a growing oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. Access articles from across Canada with one account. The company id for this entity is 24694200. Stark. Previously, Mr. Manchester was the Vice President, Operations of Vero Energy Inc., and prior thereto, the Production & Engineering Manager of True Energy Inc. Mr. Shwed is currently the President and Chief Executive Officer of Crew Energy Inc. Mr. Shwed graduated from the University of Alberta with a Bachelor of Science degree in Geology in 1980, and has held positions of increasing responsibility with various exploration and production companies before founding Baytex Energy Ltd. ("Baytex") in 1993. h & p 515 petro-hunt dakota, llc hot rod 149-102-27c-26-3h nw sw 27 149n 102w mckenzie 39294 3305309936 12/02/2022 Prior thereto, Mr. Herman was the Vice President, Finance & CFOof StarPoint Energy Ltd. and StarPoint Energy Trust. Mountrail To protect our site, we cannot process your request right now. Get exclusive access to the National Post ePaper, an electronic replica of the print edition that you can share, download and comment on. Mr. Skehar has extensive oil and gas experience in leadership and operational roles, most recently as the President & CEO of Bonavista Energy Corporation ("Bonavista"). North Dakota (US) Branch Branch of PETROSHALE (US), INC. (Delaware (US)) Registered Address 303 E 17TH AVE STE 940 SARA WEBSTER DENVER, CO 80203-1262 United States Business Classification Text INTERESTS IN OIL & GAS WELLS & LEASES Agent Name NORTHWEST REGISTERED AGENT SERVICE, INC Agent Address 3003 32ND AVE S STE 240, FARGO, ND 58103-6118 #38033 - petroshale (us) inc., tahu 2mbh, se ne 29-152n-94w, mckenzie co. . We are a technically driven company focused on land interests with near term drilling exposure. The agreement will give Petroshale the ownership of assets including existing light oil production, as well as 3 drilling units. To the extent any guidance or forward looking statements herein constitute a financial outlook or future oriented financial information ("FOFI"), including PetroShale's potential cash flow in 2022 and net debt at the end of 2022, they are made as of the date hereof and included herein to provide prospective investors with an understanding the plans and assumptions for budgeting purposes and prospective investors are cautioned that the information may not be appropriate for other purposes. The Private Placements are not expected to materially affect control of PetroShale nor create a new control person of the Company. Stay in touch with our Daily Email Newsletter. 303 E 17th Ave Ste 940 PetroShale Inc., crowned one of the winners of this year's TSX Venture 50, has a long-term approach to creating shareholder value. CALGARY, AB - PetroShale Inc. ("PetroShale" or the "Company") (TSXV: PSH) (OTCQB: PSHIF) is pleased to announce the appointment of a new management team (the "New Management Team") led by Brett Herman as President & Chief Executive Officer, Jason Skehar as Chief Operating Officer, Marvin Tang as Vice President, Finance & Chief Financial Officer, Without limitation, prospective investors should consider the advice of their financial, legal, accounting, tax and other advisors and such other factors they consider in investigating and analyzing PetroShale and the New Management Team. oasis petroleum north america llc dahl w federal 5301 13- . Shale Experts is the only tool you will need to track,predict and analyze US & Canada activities. The ranking is composed of 10 companies from each of the five industry sectors, and they were selected based on three equally weighted criteria: market capitalization growth, share price appreciation and trading volume. 350 - 7th Ave SW, Suite 3900. Calgary ND T2P 3N9. Syd Abougoush, a partner with Burnet, Duckworth and Palmer LLP, will continue to act as Corporate Secretary. House Bill 1540 will have a positive impact on thousands of . U.S. Army Corps of Engineers St. Paul District Public Affairs Office 332 Minnesota St., Suite E1500 St. Paul, MN 55101 Phone: (651) 290-5807 Fax: (651) 290-5752 4561 106th Ave. NW We are a pure-play North Dakota Bakken producer . 2023 DrillingEdge, Inc. All rights reserved. Petroshale (US), Inc. v. Continental Resources, Inc. (1:17-cv-00217), North Dakota District Court, Filed: 10/11/2017 - PacerMonitor Mobile Federal and Bankruptcy Court PACER Dockets. There was an error, please provide a valid email address. Tel: 701-863-6622 Suite 720 Active: Plaintiff: Petroshale (US), Inc. The Warrants will vest and become exercisable as to one-third upon the 20-day volume weighted average trading price of the Common Shares (the "Trading Price") equalling or exceeding $0.67 per Common Share, an additional one-third upon the Trading Price equalling or exceeding $0.83 per Common Share and the final one-third upon the Trading Price equalling or exceeding $0.95 per share. More than 2,500 Subscribers rely on our data each day. Sales per . We apologize, but this video has failed to load. The Company has a platform of light oil assets located in the prolific North Dakota Bakken/Three Forks play. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. Office Locations Corporate Headquarters Petro-Hunt, L.L.C. PetroShale also announced an oversubscribed $54.5 million equity financing designed to recapitalize the company, their 2022 capital budget and production guidance, along with a proposed name change to Lucero Energy Corp. To learn more about PetroShale Inc.s unique investment proposition, visit their website here. Tel: 701-546-4601 PetroShale is an oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. if we've collected "Sales Lead Information" for a given company, it will be displayed on the Create an account or sign in to continue with your reading experience. PetroShale's actual results, performance or achievement following the completion of the Private Placements could differ materially from those expressed in, or implied by, these FOFI, or if any of them do so, what benefits PetroShale will derive therefrom. Contact Us Regarding Your Company Profile All Companies Named PETROSHALE (US) INC. Search All North Dakota Companies Learn About Our Pro Search Subscription Service The information on this page is being provided for the purpose of informing the public about a matter of genuine public interest. of 21,295,076 barrel of oil equivalent Doug Burgum delivers his budget address before a joint session of the North Dakota Legislature in Bismarck, N.D., Dec. 5, 2018. Wallace was a nine-year veteran of the department, having previously worked as a travel agent before beginning his law enforcement career with the Stark County Sheriff's Office in 2011. Lucero is committed to upholding the highest standard of corporate responsibility. if the company chooses to hide the private information on their profile from the general public. Dunn Actual results could differ materially from those currently anticipated due to a number of factors and risks. In 2003, Baytex was reorganized into Baytex Energy Corp. and Crew Energy Inc. Mr. Shwed served on the Board of Directors of TORC Oil & Gas Ltd. from 2012 to 2021, and is currently on the Board of Directors of Inplay Oil Corp. BISMARCK, N.D. - Gov. Suite 324 Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on any financial outlook or FOFI. served to you completely ad free and you will be granted access to view every profile in its entirety, even are no permits filed with the state petroshale inc petroshale inc petroshale shale inc petroshale us inc petroshale ( us) inc Petroshale Global Presence Search All Employees Petroshale CEO Brett Herman Director, President & Chief Executive Officer Phone Email See Profile United States of America. In addition, the use of any of the words "guidance", "initial, "scheduled", "can", "will", "prior to", "estimate", "anticipate", "believe", "should", "forecast", "future", "continue", "may", "expect", and similar expressions are intended to identify forward-looking statements. Map of Wells Associated with Petroshale (Us) Inc. Production By Month For Petroshale (Us) Inc. Petroshale (Us) Inc. Production By County. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. We are sorry, but your computer or network may be sending automated queries. PetroShale is an oil company engaged in the acquisition, development and production of high-quality oil-weighted assets in the North Dakota Bakken / Three Forks. The forward-looking statements contained in this press release are based on certain key expectations and assumptions made by PetroShale including but not limited to expectations and assumptions concerning the availability of capital, current legislation, egress constraints, receipt of required regulatory approvals, the success of future drilling, development and acquisition activities, the performance of existing wells, the growth and acquisition strategy of the New Management Team, general economic conditions, availability of required equipment and services, assumptions of future commodity prices, Canada-U.S. exchange rate, and other assumptions identified herein, including certain expectations and assumptions made by PetroShale in respect thereof. Tel: 406-774-3017 North Dakota (US) Branch Branch of PETROSHALE (US) PRODUCTION LLC (Delaware (US)) . The forward-looking statements contained in this press release are made as of the date hereof and neither PetroShale nor the New Management Team undertake any obligation to update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. (4) Year-end net debt (2022E) does not include proceeds from the exercise of any Warrants. Divide production from North Dakota has increased from 137,644boepd in . . with up to 5 times the number of maximum matches per search vs. non-subscribers. Completion of the Private Placements, is subject to certain conditions, including the approval of the TSXV, and is expected to occur on or about February 2, 2022 assuming all conditions have been met by such day. The New Management Team has a successful track record of creating shareholder value through a disciplined and long term integrated strategy of acquiring and developing assets, most recently at TORC Oil & Gas Ltd. ("TORC"). Mr. Herman has extensive oil and gas experience in leadership roles at public oil and gas companies. Pursuant to the Non-Brokered Private Placement, the New Management Team, together with additional subscribers identified by the New Management Team, will subscribe for 23,750,000 Units at a price of $0.40 per Unit for total proceeds of $9.5 million.
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