CALGARY, Oct. 21, 2019 /CNW/ – PetroShale Inc. (“PetroShale” or the “Company“) (TSXV: PSH, OTCQX: PSHIF) is pleased to announce that, in connection with its senior lenders’ scheduled review of its credit facility and the Company’s recent asset development, the borrowing capacity under PetroShale’s senior credit facility has been increased to US$177.5 million from US$140 million.  The increase reflects the material growth in PetroShale’s production and reserves over the course of 2019.  All other terms and conditions of the Company’s credit facility remain unchanged.  Management believes the increase to the credit facility provides the Company with sufficient undrawn … Continue Reading

CALGARY, Oct. 15, 2019 /CNW/ – PetroShale Inc. (“PetroShale” or the “Company”) (TSXV: PSH, OTCQX: PSHIF) announces a change to its senior management team.

Mike Wood, President and CEO, has advised PetroShale’s Board of Directors that he will be leaving the Company effective immediately to pursue other opportunities. David Rain has been appointed interim CEO while the Company undertakes a search for a permanent replacement.

Mr. Rain is currently a Director of PetroShale and served as the Company’s Chief Financial Officer from November 2013 through November 2018. Mr. Rain is a Chartered Accountant with over 30 years … Continue Reading

CALGARY, Aug. 28, 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 six month periods ended June 30, 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 … Continue Reading

CALGARY, July 29, 2019 /CNW/ – PetroShale Inc. (“PetroShale” or the “Company“) (TSXV: PSH, OTCQX: PSHIF)  announced today that it has received approval from the TSX Venture Exchange (“TSXV“) to invoke automatic purchases of its common shares (“Shares“) under its current normal course issuer bid (“NCIB“) during the Corporation’s internal blackout period for its upcoming financial quarter. Such purchases will be at the discretion of the designated broker based on parameters established by the Corporation prior to the blackout period or any period when it is in possession of material undisclosed information. Outside of this period, Shares will be … Continue Reading

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