Latest Porto Energy Corp (PNRXF) Headlines Po
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Posted On: 03/11/2014 12:59:51 AM
Latest Porto Energy Corp (PNRXF) Headlines
Porto Energy Corp. Reports Results for First Quarter of Fiscal 2014
CNW Group - Wed Jan 29, 5:15PM CST
Porto Energy Corp., ("Porto" or the "Company") (TSXV
EC), a company focused on oil and gas exploration, appraisal and development in Portugal, today announced its financial results for the quarter ended November 30, 2013. All amounts are stated in US dollars unless otherwise noted by C$ for Canadian dollars or € for Euros.
Porto Energy Corp. Reports Results for Fiscal Year End 2013
CNW Group - Wed Nov 27, 6:21PM CST
Porto Energy Corp., ("Porto" or the "Company") (TSXVEC), a company focused on oil and gas exploration, appraisal and development in Portugal, today announced its financial results for the year ended August 31, 2013. All amounts are stated in US dollars unless otherwise noted by C$ for Canadian dollars or € for Euros.
Porto Energy to Raise Up to $1.5 Million in a Non-Brokered Private Placement of Units
CNW Group - Tue Nov 12, 6:00AM CST
Porto Energy Corp., ("Porto" or the "Company") (TSXVEC), today announced that further to the Company's October 7, 2013 press release, it has launched a non-brokered private placement of up to 150 Units of the Company (the "Units") at a price of CDN$10,000 per Unit (the "Offering Price") to raise gross proceeds of up to CDN$1,500,000 on a reasonable commercial best efforts basis (the "Offering"). Each Unit issued under the Offering will consist of one senior secured convertible debenture with a par value of CDN$10,000 (the "Debenture") and one common share purchase warrant (the "Warrant"). Each Warrant will entitle the holder to acquire up to 200,000 common shares of the Company ("Common Shares") at a price of CDN$0.05 per Common Share for a period of up to 36 months from the closing date of the Offering.
Porto Announces Review of Strategic Alternatives to Maximize Shareholder Value
CNW Group - Mon Oct 07, 4:00PM CDT
Porto Energy Corp., ("Porto" or the "Company") (TSXVEC), today announced that that in light of its ongoing capital requirements necessary to advance its oil and gas exploration program in Portugal, it has formed a Special Committee of independent directors and initiated a strategic review process to identify, examine and consider a range of strategic alternatives available to Porto, with a view to preserving and maximizing shareholder value. This process could result in a sale of the Corporation, a private placement or public financing through the issuance of debt, equity or a combination of both, a sale of a material portion of the Corporation's assets, a merger, business combination or a corporate reorganization, among other alternatives. The Special Committee has retained Black Spruce Merchant Capital Corp. as its financial advisor to assist in the strategic review process.
Porto Energy Corp. Reports Results for Third Quarter of Fiscal 2013
CNW Group - Tue Jul 30, 4:00PM CDT
Porto Energy Corp., ("Porto" or the "Company") (TSXVEC), a company focused on oil and gas exploration, appraisal and development in Portugal, today announced its financial results for the three and nine months ended May 31, 2013. All amounts are stated in US dollars unless otherwise noted by C$ for Canadian dollars or € for Euros.
Porto Energy Corp. Receives Approval for 2013 Work Program
CNW Group - Tue Jul 02, 4:00PM CDT
Porto Energy Corp., ("Porto" or the "Company") (TSXVEC), a company focused on oil and gas exploration, appraisal and development in Portugal, today announced that the Portugese government department, Direccão Geral de Energia e Geologia ("DGEG") has approved the Company's 2013 work program.
Porto Energy Corp. Reports Results for Second Quarter of Fiscal 2013
CNW Group - Mon Apr 22, 4:11PM CDT
Porto Energy Corp., ("Porto" or the "Company") (TSXV: PEC), a company focused on oil and gas exploration, appraisal and development in Portugal, today announced its financial results for the three and six months ended February 28, 2013. All amounts are stated in US dollars unless otherwise noted by C$ for Canadian dollars or € for Euros.
Porto Energy announces expiration of phase two option in joint venture with Sorgenia and RAG
CNW Group - Fri Apr 05, 4:00PM CDT
Porto Energy Corp., ("Porto" or the "Company") (TSXVEC), a company focused on oil and gas exploration, appraisal and development in Portugal, today announced its joint venture partners, Sorgenia International B.V., Netherlands ("Sorgenia"), and Rohöl-Aufsuchungs Aktiengesellschaft, Austria ("RAG"), collectively (the "Farm-In Parties") have chosen to not elect to proceed into the second phase of the work program as defined under the terms of the original Farm-Out Agreement dated, February 29, 2012. As a result, the Farm-In Parties' acreage interest reverts back to Porto.
Porto Energy Corp. Concludes Definitive Joint Operating Agreement with Galp for Aljubarrota-3 Concession
CNW Group - Wed Mar 27, 4:00PM CDT
Porto Energy Corp., ("Porto" or the "Company") (TSXVEC), a company focused on oil and gas exploration, appraisal and development in Portugal, today announced it has entered into a definitive joint operating agreement ("JOA"), through its wholly-owned subsidiary, Mohave Oil and Gas Corporation, with Petróleos de Portugal - Petrogal, S.A. ("Galp") in connection with its June 2012 farmout agreement relating to the Aljubarrota-3 concession.
Porto Energy Corp. Announces Updated Resource Estimates
CNW Group - Thu Jan 31, 4:59PM CST
Porto Energy Corp., ("Porto" or the "Company") (TSXV: PEC), a company focused on oil and gas exploration, appraisal and development in Portugal, today announced that it has received an updated independent resource evaluation (the "Updated Report") from Dallas, Texas-based Netherland, Sewell & Associates, Inc. ("NSAI"). This report was completed on each of the seven concessions in which the Company maintains an interest. The Updated Report is dated January 10, 2013 with an effective date of December 31, 2012.
Porto Energy Corp. Reports Results for First Quarter of Fiscal 2014
CNW Group - Wed Jan 29, 5:15PM CST
Porto Energy Corp., ("Porto" or the "Company") (TSXV
EC), a company focused on oil and gas exploration, appraisal and development in Portugal, today announced its financial results for the quarter ended November 30, 2013. All amounts are stated in US dollars unless otherwise noted by C$ for Canadian dollars or € for Euros. Porto Energy Corp. Reports Results for Fiscal Year End 2013
CNW Group - Wed Nov 27, 6:21PM CST
Porto Energy Corp., ("Porto" or the "Company") (TSXV
EC), a company focused on oil and gas exploration, appraisal and development in Portugal, today announced its financial results for the year ended August 31, 2013. All amounts are stated in US dollars unless otherwise noted by C$ for Canadian dollars or € for Euros. Porto Energy to Raise Up to $1.5 Million in a Non-Brokered Private Placement of Units
CNW Group - Tue Nov 12, 6:00AM CST
Porto Energy Corp., ("Porto" or the "Company") (TSXV
EC), today announced that further to the Company's October 7, 2013 press release, it has launched a non-brokered private placement of up to 150 Units of the Company (the "Units") at a price of CDN$10,000 per Unit (the "Offering Price") to raise gross proceeds of up to CDN$1,500,000 on a reasonable commercial best efforts basis (the "Offering"). Each Unit issued under the Offering will consist of one senior secured convertible debenture with a par value of CDN$10,000 (the "Debenture") and one common share purchase warrant (the "Warrant"). Each Warrant will entitle the holder to acquire up to 200,000 common shares of the Company ("Common Shares") at a price of CDN$0.05 per Common Share for a period of up to 36 months from the closing date of the Offering. Porto Announces Review of Strategic Alternatives to Maximize Shareholder Value
CNW Group - Mon Oct 07, 4:00PM CDT
Porto Energy Corp., ("Porto" or the "Company") (TSXV
EC), today announced that that in light of its ongoing capital requirements necessary to advance its oil and gas exploration program in Portugal, it has formed a Special Committee of independent directors and initiated a strategic review process to identify, examine and consider a range of strategic alternatives available to Porto, with a view to preserving and maximizing shareholder value. This process could result in a sale of the Corporation, a private placement or public financing through the issuance of debt, equity or a combination of both, a sale of a material portion of the Corporation's assets, a merger, business combination or a corporate reorganization, among other alternatives. The Special Committee has retained Black Spruce Merchant Capital Corp. as its financial advisor to assist in the strategic review process. Porto Energy Corp. Reports Results for Third Quarter of Fiscal 2013
CNW Group - Tue Jul 30, 4:00PM CDT
Porto Energy Corp., ("Porto" or the "Company") (TSXV
EC), a company focused on oil and gas exploration, appraisal and development in Portugal, today announced its financial results for the three and nine months ended May 31, 2013. All amounts are stated in US dollars unless otherwise noted by C$ for Canadian dollars or € for Euros. Porto Energy Corp. Receives Approval for 2013 Work Program
CNW Group - Tue Jul 02, 4:00PM CDT
Porto Energy Corp., ("Porto" or the "Company") (TSXV
EC), a company focused on oil and gas exploration, appraisal and development in Portugal, today announced that the Portugese government department, Direccão Geral de Energia e Geologia ("DGEG") has approved the Company's 2013 work program. Porto Energy Corp. Reports Results for Second Quarter of Fiscal 2013
CNW Group - Mon Apr 22, 4:11PM CDT
Porto Energy Corp., ("Porto" or the "Company") (TSXV: PEC), a company focused on oil and gas exploration, appraisal and development in Portugal, today announced its financial results for the three and six months ended February 28, 2013. All amounts are stated in US dollars unless otherwise noted by C$ for Canadian dollars or € for Euros.
Porto Energy announces expiration of phase two option in joint venture with Sorgenia and RAG
CNW Group - Fri Apr 05, 4:00PM CDT
Porto Energy Corp., ("Porto" or the "Company") (TSXV
EC), a company focused on oil and gas exploration, appraisal and development in Portugal, today announced its joint venture partners, Sorgenia International B.V., Netherlands ("Sorgenia"), and Rohöl-Aufsuchungs Aktiengesellschaft, Austria ("RAG"), collectively (the "Farm-In Parties") have chosen to not elect to proceed into the second phase of the work program as defined under the terms of the original Farm-Out Agreement dated, February 29, 2012. As a result, the Farm-In Parties' acreage interest reverts back to Porto. Porto Energy Corp. Concludes Definitive Joint Operating Agreement with Galp for Aljubarrota-3 Concession
CNW Group - Wed Mar 27, 4:00PM CDT
Porto Energy Corp., ("Porto" or the "Company") (TSXV
EC), a company focused on oil and gas exploration, appraisal and development in Portugal, today announced it has entered into a definitive joint operating agreement ("JOA"), through its wholly-owned subsidiary, Mohave Oil and Gas Corporation, with Petróleos de Portugal - Petrogal, S.A. ("Galp") in connection with its June 2012 farmout agreement relating to the Aljubarrota-3 concession. Porto Energy Corp. Announces Updated Resource Estimates
CNW Group - Thu Jan 31, 4:59PM CST
Porto Energy Corp., ("Porto" or the "Company") (TSXV: PEC), a company focused on oil and gas exploration, appraisal and development in Portugal, today announced that it has received an updated independent resource evaluation (the "Updated Report") from Dallas, Texas-based Netherland, Sewell & Associates, Inc. ("NSAI"). This report was completed on each of the seven concessions in which the Company maintains an interest. The Updated Report is dated January 10, 2013 with an effective date of December 31, 2012.
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