Arsenal Energy New (AEYIF) 1.0815 $AEYIF
Arsenal Energy Inc. Announces Amended Loan Agreement
Marketwired - Thu Jun 02, 4:18PM CDT
CALGARY, ALBERTA--(Marketwired - Jun 2, 2016) - Arsenal Energy Inc. ("Arsenal" or the "Company"
(TSX:AEI)(OTCQX:AEYIF) announces that the Company has entered into an amending agreement ("Amending Agreement" with its syndicate of bankers. Under the Amending Agreement, the Company's borrowing base has been redetermined at $6.0 million. The Company estimates its current bank borrowings at approximately $9.3 million. Under the terms of the Amending Agreement, the Company has until June 30, 2016 to cure the shortfall. The Amending Agreement requires the Company to repay all outstanding bank borrowings by August 31, 2016. The Company has entered into Letters of Intent to sell 450 boe/d of Canadian production for total proceeds of $12.0 million with closings expected to occur on or before June 30, 2016. The Company intends to use the proceeds from the sales to reduce and repay the Company's outstanding bank debt. In order to satisfy the conditions associated with the Amending Agreement, the Company has engaged a Chief Restructuring Officer ("CRO". The CRO will report to the Company's Board of Directors and aid the Company in fulfilling its repayment obligations under the terms of the Amending Agreement.
AEI.TO: 1.34 (-0.02)
Arsenal Energy Inc. Announces Sale of Its US Properties
Marketwire Canada - Fri May 27, 8:10AM CDT
CALGARY, ALBERTA--(Marketwired - May 27, 2016) - Arsenal Energy Inc. ("Arsenal" or the "Company" (TSX:AEI)(OTCQX:AEYIF) announces the sale of all its oil and natural gas properties located in the United States for a sales price of US $34 million. Proceeds from the sale have been used to reduce the Company's outstanding bank credit facility. After applying the net proceeds of the sale, Arsenal estimates its current bank debt at approximately $11.7 million. In addition, Arsenal announces that it has entered into a Letter of Intent to sell 250 boe/d of Canadian production for total proceeds of $8.7 million. The transaction is expected to close on or before June 30, 2016. Upon successful completion of this sale transaction, Arsenal will have repaid approximately $70 million of bank indebtedness over an 18 month period.
AEI.TO: 1.34 (-0.02)
Arsenal Energy Inc. Releases Q1 2016 Results and Operational Update
Marketwire Canada - Tue May 10, 8:04AM CDT
CALGARY, ALBERTA--(Marketwired - May 10, 2016) - Arsenal Energy Inc. ("Arsenal" or the "Company" (TSX:AEI) (OTCQX:AEYIF)
AEI.TO: 1.34 (-0.02)
Arsenal Energy Inc. Releases 2015 Results
Marketwired - Tue Mar 08, 3:01PM CST
Arsenal Energy Inc. ("Arsenal" or the "Company" (TSX: AEI)(OTCQX: AEYIF) is pleased to release its 2015 financial and operational results.
AEI.TO: 1.34 (-0.02)
Arsenal Energy Inc. Releases Yearend Reserves and Provides Corporate Update
Marketwired - Mon Feb 01, 5:55PM CST
Arsenal Energy Inc. ("Arsenal" or the "Corporation" (TSX: AEI)(OTCQX: AEYIF) is pleased to provide the highlights of its year end reserves report and to provide a corporate update. Arsenal's proved plus probable finding development and acquisition costs for 2015 were $12.22 per boe and based, on the current production rate, Arsenal has a reserve life of approximately 13.3 years on a proved plus probable basis.
AEI.TO: 1.34 (-0.02)
Arsenal Energy Inc. Announces Results of Interim Credit Facility Review
Marketwired - Wed Jan 06, 3:00PM CST
Arsenal Energy Inc. ("Arsenal" or the "Company" (TSX: AEI)(OTCQX: AEYIF)
AEI.TO: 1.34 (-0.02)
Arsenal Energy Inc. Releases Q3 Results
Marketwired - Tue Nov 03, 3:01PM CST
Arsenal Energy Inc. ("Arsenal" or the "Company" (TSX: AEI)(OTCQX: AEYIF) -
AEI.TO: 1.34 (-0.02)
Arsenal Energy Inc. Announces Results of Shareholders Meeting
Marketwire Canada - Thu Jun 18, 8:44PM CDT
Arsenal Energy Inc. ("Arsenal" or the "Corporation" (TSX:AEI)(OTCQX:AEYIF) held its Annual and Special Meeting of Shareholders on June 18, 2015, (the "Meeting" in Calgary.
AEI.TO: 1.34 (-0.02)
Arsenal Energy Inc. Corrects Quarterly Ex-Dividend Date
Marketwired - Wed May 06, 9:37AM CDT
Arsenal Energy Inc. ("Arsenal" or the "Company" (TSX: AEI) (OTCQX: AEYIF) Arsenal announces a correction to the ex-dividend date for its previously announced quarterly dividend of $0.02 per common share payable on May 29, 2015 to shareholders of record as the close of business on May 15, 2015.
AEI.TO: 1.34 (-0.02)
Arsenal Energy Inc. Announces Amended Loan Agreement
Marketwired - Thu Jun 02, 4:18PM CDT
CALGARY, ALBERTA--(Marketwired - Jun 2, 2016) - Arsenal Energy Inc. ("Arsenal" or the "Company"
(TSX:AEI)(OTCQX:AEYIF) announces that the Company has entered into an amending agreement ("Amending Agreement" with its syndicate of bankers. Under the Amending Agreement, the Company's borrowing base has been redetermined at $6.0 million. The Company estimates its current bank borrowings at approximately $9.3 million. Under the terms of the Amending Agreement, the Company has until June 30, 2016 to cure the shortfall. The Amending Agreement requires the Company to repay all outstanding bank borrowings by August 31, 2016. The Company has entered into Letters of Intent to sell 450 boe/d of Canadian production for total proceeds of $12.0 million with closings expected to occur on or before June 30, 2016. The Company intends to use the proceeds from the sales to reduce and repay the Company's outstanding bank debt. In order to satisfy the conditions associated with the Amending Agreement, the Company has engaged a Chief Restructuring Officer ("CRO". The CRO will report to the Company's Board of Directors and aid the Company in fulfilling its repayment obligations under the terms of the Amending Agreement. AEI.TO: 1.34 (-0.02)
Arsenal Energy Inc. Announces Sale of Its US Properties
Marketwire Canada - Fri May 27, 8:10AM CDT
CALGARY, ALBERTA--(Marketwired - May 27, 2016) - Arsenal Energy Inc. ("Arsenal" or the "Company"
(TSX:AEI)(OTCQX:AEYIF) announces the sale of all its oil and natural gas properties located in the United States for a sales price of US $34 million. Proceeds from the sale have been used to reduce the Company's outstanding bank credit facility. After applying the net proceeds of the sale, Arsenal estimates its current bank debt at approximately $11.7 million. In addition, Arsenal announces that it has entered into a Letter of Intent to sell 250 boe/d of Canadian production for total proceeds of $8.7 million. The transaction is expected to close on or before June 30, 2016. Upon successful completion of this sale transaction, Arsenal will have repaid approximately $70 million of bank indebtedness over an 18 month period. AEI.TO: 1.34 (-0.02)
Arsenal Energy Inc. Releases Q1 2016 Results and Operational Update
Marketwire Canada - Tue May 10, 8:04AM CDT
CALGARY, ALBERTA--(Marketwired - May 10, 2016) - Arsenal Energy Inc. ("Arsenal" or the "Company"
(TSX:AEI) (OTCQX:AEYIF) AEI.TO: 1.34 (-0.02)
Arsenal Energy Inc. Releases 2015 Results
Marketwired - Tue Mar 08, 3:01PM CST
Arsenal Energy Inc. ("Arsenal" or the "Company"
(TSX: AEI)(OTCQX: AEYIF) is pleased to release its 2015 financial and operational results. AEI.TO: 1.34 (-0.02)
Arsenal Energy Inc. Releases Yearend Reserves and Provides Corporate Update
Marketwired - Mon Feb 01, 5:55PM CST
Arsenal Energy Inc. ("Arsenal" or the "Corporation"
(TSX: AEI)(OTCQX: AEYIF) is pleased to provide the highlights of its year end reserves report and to provide a corporate update. Arsenal's proved plus probable finding development and acquisition costs for 2015 were $12.22 per boe and based, on the current production rate, Arsenal has a reserve life of approximately 13.3 years on a proved plus probable basis. AEI.TO: 1.34 (-0.02)
Arsenal Energy Inc. Announces Results of Interim Credit Facility Review
Marketwired - Wed Jan 06, 3:00PM CST
Arsenal Energy Inc. ("Arsenal" or the "Company"
(TSX: AEI)(OTCQX: AEYIF) AEI.TO: 1.34 (-0.02)
Arsenal Energy Inc. Releases Q3 Results
Marketwired - Tue Nov 03, 3:01PM CST
Arsenal Energy Inc. ("Arsenal" or the "Company"
(TSX: AEI)(OTCQX: AEYIF) - AEI.TO: 1.34 (-0.02)
Arsenal Energy Inc. Announces Results of Shareholders Meeting
Marketwire Canada - Thu Jun 18, 8:44PM CDT
Arsenal Energy Inc. ("Arsenal" or the "Corporation"
(TSX:AEI)(OTCQX:AEYIF) held its Annual and Special Meeting of Shareholders on June 18, 2015, (the "Meeting" in Calgary. AEI.TO: 1.34 (-0.02)
Arsenal Energy Inc. Corrects Quarterly Ex-Dividend Date
Marketwired - Wed May 06, 9:37AM CDT
Arsenal Energy Inc. ("Arsenal" or the "Company"
(TSX: AEI) (OTCQX: AEYIF) Arsenal announces a correction to the ex-dividend date for its previously announced quarterly dividend of $0.02 per common share payable on May 29, 2015 to shareholders of record as the close of business on May 15, 2015. AEI.TO: 1.34 (-0.02)
