CALGARY, July 10, 2019 /CNW/ – PetroShale Inc. (“PetroShale” or the “Company“) (TSXV: PSH, OTCQX: PSHIF) announces that the following matters were voted upon and approved at the annual and special meeting of shareholders held on July 3, 2019 in Calgary, Alberta; Fixing the Number of Directors, Election of Directors, Appointment of Auditors, Stock Option Plan and Bonus Award Incentive Plan.  For further information on these matters, please see the Company’s management information circular and proxy statement dated May 24, 2019 and filed under the Company’s profile on SEDAR at www.sedar.com.

About PetroShale

PetroShale is an oil … Continue Reading

CALGARY, July 3, 2019 /CNW/ – PetroShale Inc. (“PetroShale” or the “Company”) (TSXV: PSH, OTCQX: PSHIF) is pleased to announce an operational update and an increase in the borrowing base under our senior credit facility (the “Facility”).

PetroShale recently completed three (2.9 net) new wells on our operated Bear Chase drilling spacing unit (“DSU”) at South Berthold in the North Dakota Bakken / Three Forks play. Including initial results from these new wells, PetroShale’s current corporate production is approximately 9,500 barrels of oil equivalent per day (“boepd”). Corporate production will fluctuate, and is subject to natural declines, as these … Continue Reading

CALGARY, May 27, 2019 /CNW/ – PetroShale Inc. (“PetroShale” or the “Company”) (TSXV: PSH, OTCQX: PSHIF) is pleased to announce our financial and operating results for the three month period ended March 31, 2019.

The Company’s unaudited consolidated interim financial statements and corresponding Management’s Discussion and Analysis (MD&A) for the period will be available on SEDAR at www.sedar.com, on the OTCQX website at www.otcqx.com, and on PetroShale’s website at www.petroshaleinc.com.  Copies of the materials can also be obtained upon request without charge by contacting the Company directly.  Please note, currency figures presented herein are reflected … Continue Reading

CALGARY, April 10, 2019 /CNW/ – PetroShale Inc. (“PetroShale” or the “Company”) (TSXV: PSH, OTCQX: PSHIF) is pleased to announce our financial and operating results for the three and twelve month periods ended December 31, 2018 and significant increases across all reserves categories as of December 31, 2018. 

The Company’s audited consolidated financial statements and corresponding Management’s Discussion and Analysis (MD&A) for the period will be available on SEDAR at www.sedar.com, on the OTCQX website at www.otcqx.com, and on PetroShale’s website at www.petroshaleinc.com.  Copies of the materials can also be obtained upon request without charge … Continue Reading

CALGARY, Feb. 7, 2019 /CNW/ – PetroShale Inc. (“PetroShale” or the “Company“) (TSXV: PSH, OTCQX: PSHIF) is pleased to announce that, subject to the approval of the TSX Venture Exchange (the “TSXV“), it intends to commence a Normal Course Issuer Bid (the “Bid“) to purchase for cancellation, from time to time, as PetroShale considers advisable, up to 9,839,663 voting common shares (“Common Shares“) of the Company, representing approximately 10% of the current public float of 98,396,631 Common Shares (excluding directors, officers, FR XIII PetroShale Holding L.P. and other shareholders who hold in excess of 10% of Common Shares).

Purchases … Continue Reading

CALGARY, Dec. 11, 2018 /CNW/ – PetroShale Inc. (“PetroShale” or the “Company“) (TSXV: PSH, OTCQX: PSHIF) announces that pursuant to its Restricted Bonus Award Incentive Plan (“Plan“), an aggregate of 475,000 restricted awards (“Awards“) were granted to certain officers and employees of PetroShale. The Awards vest as to one-third on March 31, 2020, as to one-third on March 31, 2021 and as to the remaining one-third on December 1, 2021, and expire on December 15, 2021.  The Awards may be settled by PetroShale, in its sole discretion, in cash and/or voting common shares of PetroShale, in … Continue Reading

CALGARY, Nov. 29, 2018 /CNW/ – PetroShale Inc. (“PetroShale” or the “Company”) (TSXV: PSH, OTCQX: PSHIF) is pleased to announce its financial and operating results for the three and nine month periods ending September 30, 2018. In addition, the Company announces the appointment of Mr. Caleb Morgret as Chief Financial Officer (CFO), who will assume the role from Mr. David Rain, who is retiring effective November 30, 2018. 

The Company’s unaudited consolidated financial statements and corresponding Management’s Discussion and Analysis (MD&A) for the period will be available on SEDAR at www.sedar.com, on the OTCQX website … Continue Reading

CALGARY, Aug. 28, 2018 /CNW/ – PetroShale Inc. (“PetroShale” or the “Company”) (TSXV: PSH, OTCQX: PSHIF) is pleased to announce its financial and operating results for the three and six month periods ending June 30, 2018.

The Company’s unaudited consolidated financial statements and corresponding Management’s Discussion and Analysis (MD&A) for the period will be available on SEDAR at www.sedar.com, on the OTCQX website at www.otcqx.com, and on PetroShale’s website at www.petroshaleinc.com.  Copies of the materials can also be obtained upon request without charge by contacting the Company directly.  Please note, currency figures presented herein are … Continue Reading

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CALGARY, Aug. 17, 2018 /CNW/ – PetroShale Inc. (“PetroShale” or the “Company”) (TSXV: PSH, OTCQX: PSHIF) is pleased to confirm the closing of our previously announced acquisition of high quality, light oil-weighted assets situated in our South Berthold core focus area in the North Dakota Bakken (the “Acquisition”).  Total cash consideration for the Acquisition was US$52.6 million, after closing adjustments.

The Acquisition includes approximately 550 barrels of oil … Continue Reading

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CALGARY, Aug. 14, 2018 /CNW/ – PetroShale Inc. (“PetroShale” or the “Company“) (TSXV: PSH, OTCQX: PSHIF) is pleased to announce the closing today of its previously announced bought deal prospectus offering of subscription receipts (the “Bought Deal Financing“) and its previously announced non-brokered private placement of subscription receipts (the “Concurrent Private Placement” and together with the Bought Deal Financing, the “Financings“).

Pursuant to the Bought Deal Financing, the Company … Continue Reading

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.  FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW./

CALGARY, July 16, 2018 /CNW/ – PetroShale Inc. (“PetroShale” or the “Company“) (TSXV: PSH, OTCQX: PSHIF) is pleased to announce that due to substantial interest it has increased the size of its previously announced non-brokered private placement financing (the “Concurrent Private Placement“) of subscription receipts (“Subscription Receipts“), at an issue price of $1.85 per Subscription Receipt, from 5,405,405 Subscription Receipts to 6,756,905 Subscription Receipts for total gross proceeds of … Continue Reading

CALGARY, July 4, 2018 /CNW/ – PetroShale Inc. (“PetroShale” or the “Company“) (TSXV: PSH, OTCQX: PSHIF) is pleased to announce that the borrowing capacity under its senior credit facility has been increased to US$82.0 million from US$49.9 million following a review of the Company’s December 31, 2017 reserve report by its senior lenders.   The credit facility’s maturity date was also extended to June 30, 2019, at which time it may be either further extended or, at the option of the lenders, converted to a non-revolving facility with a maturity date of June 30, 2020.   The other material … Continue Reading