Petro One Energy Cor (CUDBF) 0.0950 $CUDBF
Petro One's First Horizontal Well on Production
Marketwired - Wed Feb 04, 5:30PM CST
Petro One Energy Corp. (TSX VENTURE: POP)(FRANKFURT: C6K1) is pleased to report that Well 6-22, its first horizontal well drilled in the upper Viking, was completed as planned and has been on production since mid-January. The well, which is located in the Milton oil field in western Saskatchewan, is currently producing emulsion and recovering frac fluid from the 3,500 barrels of frac fluid used for completion in early January. The company will report the average production volumes once the majority of the frac fluid has been recovered and the emulsion ratios normalize. The precise oil cut from the emulsion will be known once Petro One receives its first monthly statement from the processor.
Petro One Retains Star Finance GmbH for European Communications
Marketwired - Fri Jan 23, 6:00PM CST
Petro One Energy Corp. (TSX VENTURE: POP)(FRANKFURT: C6K1) has entered into an agreement with Star Finance GmbH for European investor relations and corporate communications services.
Petro One Update on Financing and Drilling Program
Marketwired - Mon Dec 01, 6:46AM CST
Petro One Energy Corp. (TSX VENTURE: POP)(FRANKFURT: C6K1) reports that KMDC Resources Ltd. ("Resources"
, a subsidiary of Korea Myanmar Development Company Ltd. ("KMDC" , has forfeited 2,600,000 shares and 2,600,000 warrants to the Company pursuant to the arrangement described in the Company's November 3, 2014 news release. The shares and warrants were issued to Resources on October 7, 2014 for $650,000, which the Company will now retain for its general working capital purposes.
Petro One Update
Marketwired - Wed Nov 05, 6:46AM CST
Petro One Energy Corp. (TSX VENTURE: POP) is pleased to report that it has received the license to drill its first horizontal well at Milton, where the Company's consulting geologists have identified 49 net horizontal upper Viking drill locations. The 6-22 well is the first well designed to specifically target the thick Upper Viking formation as an initial step in a detailed horizontal drilling plan designed to efficiently exploit approximately 2,500 acres that are underlain by Viking sand. The Company plans to spud the first well as soon as the rig is available.
Petro One Announces Financing Backed by $650,000 Pledge
Marketwired - Mon Nov 03, 6:46AM CST
Petro One Energy Corp. (TSX VENTURE: POP) is pleased to report that Korea Myanmar Development Company Ltd. ("KMDC" and its subsidiary, KMDC Resources Ltd. ("Resources" , have agreed to terms which will improve the Company's financial position by at least $650,000 by November 30, 2014. Details of the agreement are as follows:
IIROC Trading Resumption - POP
CNW Group - Wed Oct 08, 9:22AM CDT
Trading resumes in:
IIROC Trade Resumption - Petro One Energy Corp.
Newsfile Corp - Wed Oct 08, 9:18AM CDT
Trading resumes in:
Petro One Private Placements Closed / Preparations for Drilling Commenced
Marketwired - Wed Oct 08, 9:14AM CDT
Petro One Energy Corp. (TSX VENTURE: POP) is pleased to report that it has closed its non-brokered private placements announced on July 28, 2014 ("PP#1" and August 5, 2014 ("PP#2" . On closing, on October 7, 2014, the Company issued a total of 13,043,371 units (each a "Unit" at the price of $0.25 per Unit to raise gross proceeds of $3,260,842.75. Each Unit was comprised of one common share and one share purchase warrant entitling the holder to purchase one additional common share at the price of $0.375 until October 7, 2016, subject to acceleration at the Company's option if its shares close at $2.00 or higher for ten (10) consecutive trading days at any time after four months after Closing.
IIROC Trade Halt - Petro One Energy Corp.
Newsfile Corp - Tue Oct 07, 6:58AM CDT
The following issues have been halted by IIROC:
Petro One Funding Update
Marketwire - Fri Sep 26, 5:34PM CDT
Petro One Energy Corp. (TSX VENTURE: POP)(FRANKFURT: C6K1) is pleased to report that it has confirmed payment of $500,000 in additional subscription funds pursuant to the Company's agreement with Korea Myanmar Development Company Ltd. ("KMDC" , with the result that $4,000,000 of private placement funding is currently in place pending closing. The balance of $2,000,000 is due on or before October 7, 2014 to complete the $6,000,000 private placement funding scheduled to close on that date.
Petro One Funding Confirmed
Marketwire - Fri Sep 19, 5:26PM CDT
Petro One Energy Corp. (TSX VENTURE: POP)(FRANKFURT: C6K1) is pleased to report that it has received bank confirmation that the $500,000 payment due on September 19, 2014 pursuant to the Company's agreement with Korea Myanmar Development Company Ltd. ("KMDC" has been received and was on deposit prior to the close of business on September 19, 2014. An additional $500,000 remains payable on September 26, 2014 and the balance of $2,000,000 is payable on or before October 7, 2014 to complete the $6,000,000 in private placement funding scheduled to close on that date. The remaining $3,500,000 of private placement funding is currently held on deposit pending closing.
Petro One's First Horizontal Well on Production
Marketwired - Wed Feb 04, 5:30PM CST
Petro One Energy Corp. (TSX VENTURE: POP)(FRANKFURT: C6K1) is pleased to report that Well 6-22, its first horizontal well drilled in the upper Viking, was completed as planned and has been on production since mid-January. The well, which is located in the Milton oil field in western Saskatchewan, is currently producing emulsion and recovering frac fluid from the 3,500 barrels of frac fluid used for completion in early January. The company will report the average production volumes once the majority of the frac fluid has been recovered and the emulsion ratios normalize. The precise oil cut from the emulsion will be known once Petro One receives its first monthly statement from the processor.
Petro One Retains Star Finance GmbH for European Communications
Marketwired - Fri Jan 23, 6:00PM CST
Petro One Energy Corp. (TSX VENTURE: POP)(FRANKFURT: C6K1) has entered into an agreement with Star Finance GmbH for European investor relations and corporate communications services.
Petro One Update on Financing and Drilling Program
Marketwired - Mon Dec 01, 6:46AM CST
Petro One Energy Corp. (TSX VENTURE: POP)(FRANKFURT: C6K1) reports that KMDC Resources Ltd. ("Resources"
, a subsidiary of Korea Myanmar Development Company Ltd. ("KMDC" , has forfeited 2,600,000 shares and 2,600,000 warrants to the Company pursuant to the arrangement described in the Company's November 3, 2014 news release. The shares and warrants were issued to Resources on October 7, 2014 for $650,000, which the Company will now retain for its general working capital purposes. Petro One Update
Marketwired - Wed Nov 05, 6:46AM CST
Petro One Energy Corp. (TSX VENTURE: POP) is pleased to report that it has received the license to drill its first horizontal well at Milton, where the Company's consulting geologists have identified 49 net horizontal upper Viking drill locations. The 6-22 well is the first well designed to specifically target the thick Upper Viking formation as an initial step in a detailed horizontal drilling plan designed to efficiently exploit approximately 2,500 acres that are underlain by Viking sand. The Company plans to spud the first well as soon as the rig is available.
Petro One Announces Financing Backed by $650,000 Pledge
Marketwired - Mon Nov 03, 6:46AM CST
Petro One Energy Corp. (TSX VENTURE: POP) is pleased to report that Korea Myanmar Development Company Ltd. ("KMDC"
and its subsidiary, KMDC Resources Ltd. ("Resources" , have agreed to terms which will improve the Company's financial position by at least $650,000 by November 30, 2014. Details of the agreement are as follows: IIROC Trading Resumption - POP
CNW Group - Wed Oct 08, 9:22AM CDT
Trading resumes in:
IIROC Trade Resumption - Petro One Energy Corp.
Newsfile Corp - Wed Oct 08, 9:18AM CDT
Trading resumes in:
Petro One Private Placements Closed / Preparations for Drilling Commenced
Marketwired - Wed Oct 08, 9:14AM CDT
Petro One Energy Corp. (TSX VENTURE: POP) is pleased to report that it has closed its non-brokered private placements announced on July 28, 2014 ("PP#1"
and August 5, 2014 ("PP#2" . On closing, on October 7, 2014, the Company issued a total of 13,043,371 units (each a "Unit" at the price of $0.25 per Unit to raise gross proceeds of $3,260,842.75. Each Unit was comprised of one common share and one share purchase warrant entitling the holder to purchase one additional common share at the price of $0.375 until October 7, 2016, subject to acceleration at the Company's option if its shares close at $2.00 or higher for ten (10) consecutive trading days at any time after four months after Closing. IIROC Trade Halt - Petro One Energy Corp.
Newsfile Corp - Tue Oct 07, 6:58AM CDT
The following issues have been halted by IIROC:
Petro One Funding Update
Marketwire - Fri Sep 26, 5:34PM CDT
Petro One Energy Corp. (TSX VENTURE: POP)(FRANKFURT: C6K1) is pleased to report that it has confirmed payment of $500,000 in additional subscription funds pursuant to the Company's agreement with Korea Myanmar Development Company Ltd. ("KMDC"
, with the result that $4,000,000 of private placement funding is currently in place pending closing. The balance of $2,000,000 is due on or before October 7, 2014 to complete the $6,000,000 private placement funding scheduled to close on that date. Petro One Funding Confirmed
Marketwire - Fri Sep 19, 5:26PM CDT
Petro One Energy Corp. (TSX VENTURE: POP)(FRANKFURT: C6K1) is pleased to report that it has received bank confirmation that the $500,000 payment due on September 19, 2014 pursuant to the Company's agreement with Korea Myanmar Development Company Ltd. ("KMDC"
has been received and was on deposit prior to the close of business on September 19, 2014. An additional $500,000 remains payable on September 26, 2014 and the balance of $2,000,000 is payable on or before October 7, 2014 to complete the $6,000,000 in private placement funding scheduled to close on that date. The remaining $3,500,000 of private placement funding is currently held on deposit pending closing. 
