Connacher Oil and Gas Ltd. previously announced that it had entered into a CCAA Acquisition and Plan Sponsorship Agreement with East River Oil and Gas Ltd. dated August 2, 2018, as amended and entered into a Purchase and Sale Agreement with the Plan Sponsor also dated August 2, 2018, as amended . On October 4, 2018, Connacher announced that the [...]
On February 1, 2019, Connacher Oil and Gas Ltd. and East River Oil and Gas Ltd. , with the consent of the Consenting First Lien Lenders ) and in consultation with Ernst & Young Inc., the monitor in the Company's proceedings under the Companies' Creditors Arrangement Act , entered into an agreement which further amends the "Outside Date" under the [...]
Connacher Oil and Gas Ltd. announced that it has obtained an order from the Alberta Court of Queen's Bench extending the period of the Court-ordered stay of proceedings against Connacher under the Companies' Creditors Arrangement Act until the earlier of the filing of the Monitor's certificate under Connacher's Amended and Restated Plan of [...]
Connacher Oil and Gas Ltd. and East River Oil and Gas Ltd. , with the consent of the Consenting First Lien Lenders ) and in consultation with Ernst & Young Inc., the monitor in the Company's proceedings under the Companies' Creditors Arrangement Act , have agreed to amend the "Outside Date" under the CCAA Acquisition and Plan Sponsorship Agreement [...]
Connacher Oil and Gas Ltd. announces its financial and operating results for the three and nine months ended September 30, 2018 . Q3 2018 Highlights Financial Q3 2018 and YTD 2018 revenue, net of royalties, totaled $58.8 million and $146.8 million, respectively. For Q3 2018, revenue net of royalties increased primarily due to higher crude oil [...]
Connacher Oil and Gas Ltd. is pleased to announce the approval of the Company's Amended and Restated Plan of Compromise and Arrangement by the required majorities of affected creditors and the Court of Queen's Bench of Alberta in the Company's proceedings under the Companies' Creditors Arrangement Act . As previously announced, the Plan effects a [...]
Connacher Oil and Gas Ltd. announces its financial and operating results for the three and six months ended June 30, 2018 . Q2 2018 Highlights Financial Q2 2018 and YTD 2018 revenue, net of royalties, totaled $54.2 million and $88.0 million , respectively. For both periods, revenue, net of royalties was adversely affected primarily by unfavourable [...]
Connacher Oil and Gas Ltd. announced today that its amended and restated plan of compromise and arrangement dated August 13, 2018 has been accepted for filing by the Court of Queen's Bench of Alberta in connection with the Company's restructuring proceedings under the Companies' Creditors Arrangement Act . In connection with the filing of the [...]
CALGARY, Aug. 2, 2018 /CNW/ - Connacher Oil and Gas Ltd. is pleased to announce that East River Oil and Gas Ltd. has been selected as the "Successful Bidder" pursuant to the sale and investment solicitation process conducted in Connacher's proceeding under the Companies' Creditors Arrangement Act . On May 17, 2016, Connacher previously announced [...]
Connacher Oil and Gas announced that it has obtained an order from the Alberta Court of Queen's Bench extending the period of the Court-ordered stay of proceedings against Connacher under the Companies' Creditors Arrangement Act until and including September 30, 2018. The Company has been operating under the protection of the CCAA since May 17 [...]
CALGARY, May 29, 2018 /CNW/ - Connacher Oil and Gas Ltd. announces its financial and operating results for the three months ended March 31, 2018 . Q1 2018 Highlights Financial Q1 2018 revenue, net of royalties, decreased 28% to $33.9 million , primarily due to unfavourable fixed price sales agreements and increased index exposure to the Western [...]
CALGARY, May 24, 2018 /CNW/ - Connacher Oil and Gas Ltd. announces that it will be proceeding to Phase II of its new sale and investment solicitation process for the Company's business and assets being conducted in conjunction with Connacher's proceedings under the Companies' Creditors Arrangement Act with the assistance of its financial advisor [...]