CALGARY, Alberta, Sept. 20, 2023 (GLOBE NEWSWIRE) — (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) today announced that leading proxy advisory firm Institutional Shareholder Services (“ISS”) has reviewed the arguments of GMT Capital Corp. (“GMT”) in its dissident proxy circular dated September 15, 2023 and … Continue Reading

CALGARY, Alberta, Aug. 28, 2023 (GLOBE NEWSWIRE) — (PIPE – TSX) Pipestone Energy Corp. (“Pipestone”) and Strathcona Resources Ltd. (“Strathcona”) jointly announced today that Pipestone and Strathcona obtained an interim order of the Court of King’s Bench on August 25, 2023 and Pipestone has filed a management information circular (the “Circular”) dated August 25, 2023 and related meeting and proxy materials in connection with the proposed arrangement under the Business Corporations Act (Alberta) (the “Arrangement”) which provides for, among other matters, the acquisition by Strathcona of all of the issued and outstanding common shares of Pipestone pursuant to the arrangement … Continue Reading

CALGARY, Alberta, Aug. 09, 2023 (GLOBE NEWSWIRE) — (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to report its second quarter 2023 financial and operational results, as well as an update on the previously announced proposed transaction between Pipestone and Strathcona Resources Ltd. (“Strathcona”) pursuant to which Strathcona has agreed, subject to satisfaction of certain closing conditions, to acquire all the issued and outstanding common shares of Pipestone for 100% share consideration (the “Transaction”). Pursuant to the Transaction, Strathcona and Pipestone will be amalgamated and will continue as “Strathcona Resources Ltd.” (“AmalCo”). Upon completion of the … Continue Reading

CALGARY, AB , Aug. 1, 2023 /CNW/ – Strathcona Resources Ltd. (“Strathcona”) and Pipestone Energy Corp. (TSX: PIPE) (“Pipestone”) are pleased to announce that they have entered into a definitive agreement (the “Arrangement Agreement“), pursuant to which Strathcona will acquire all of the issued and outstanding common shares of Pipestone for 100% share consideration (the “Transaction”). Upon closing of the Transaction, Strathcona will become a public reporting issuer in Canada.

Strategic Transaction Rationale for Pipestone Shareholders:

The Pipestone Board and management team view this transaction … Continue Reading

CALGARY, Alberta, June 22, 2023 (GLOBE NEWSWIRE) — (PIPE – TSX) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to report the results of its annual shareholder meeting.

The Company held its 2023 annual meeting (the “Meeting”) of the shareholders of Pipestone Energy (the “Shareholders”) today at 10:00 a.m. (Calgary time) virtually. A total of 210,819,903 votes were cast, representing 75.41% of the total 279,552,245 eligible votes, which includes the Company’s issued and outstanding common share voting rights as of the May 8, 2023 record date for the Meeting.

Each of the nominees proposed as directors were elected … Continue Reading

CALGARY, Alberta, June 19, 2023 (GLOBE NEWSWIRE) — (PIPE – TSX) As previously disclosed on May 10, 2023, Paul Wanklyn, President and Chief Executive Officer of Pipestone Energy Corp. (“Pipestone“), has taken a leave of absence for health reasons. Mr. Wanklyn has subsequently chosen to not put himself up for re-election to the Board of Directors at the annual general meeting of shareholders to be held on June 22, 2023 as he remains on leave.

Pipestone Energy Corp.

Pipestone is an oil and gas exploration and production company focused on developing its large contiguous and condensate rich Montney asset base … Continue Reading

CALGARY, Alberta, May 24, 2023 (GLOBE NEWSWIRE) — Pipestone Energy Corp. (“Pipestone” or the “Company”) provides an update to the Alberta wildfire impact on its Grande Prairie area operations.

As previously announced, approximately 20,000 boe/d of production was temporarily curtailed as a result of the precautionary shut-in of certain third-party infrastructure and associated operated producing locations on the evening of May 12, 2023. As a result of the outstanding efforts of local fire authorities and favorable weather conditions in the last few days, the fires that have been impacting a number of our third-party infrastructure and associated producing locations are … Continue Reading

CALGARY, Alberta, May 15, 2023 (GLOBE NEWSWIRE) — (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) advises that its operations in the Grande Prairie area are again being impacted by the ongoing wildfires.

As a result of the precautionary shut-in of certain third-party infrastructure and associated operated producing locations, approximately 20,000 boe/d of production has been temporarily curtailed since the evening of May 12, 2023. From May 8th to May 12th, Pipestone had restarted the majority of its producing assets until the resurgence of wildfires in proximity to certain third-party processing facilities.

The Company is not aware of … Continue Reading

CALGARY, Alberta, May 10, 2023 (GLOBE NEWSWIRE) — (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to report its first quarter 2023 financial and operational results. The Company also announced today that Paul Wanklyn, President and Chief Executive Officer, will be taking an immediate leave of absence for health reasons. Pipestone’s Board of Directors has appointed Dustin Hoffman, the Company’s Chief Operating Officer, as Interim President and Chief Executive Officer, effective immediately.

As of May 9th, the Company’s production curtailed by wildfires in the Grande Prairie region was reduced to approximately 5,000 boe/d from the previously … Continue Reading

CALGARY, Alberta, May 08, 2023 (GLOBE NEWSWIRE) — (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) advises that its operations in the Grande Prairie area are being impacted by the ongoing wildfires.

As a result of the precautionary shut-in of certain operated producing locations and third-party infrastructure, approximately 20,000 Boe/d of production has been temporarily curtailed since the evening of May 5, 2023. The Company is not aware of any significant damage or loss to its owned or third-party infrastructure. While timing remains uncertain, Pipestone is ready to restart production as soon as the currently shut down third … Continue Reading

CALGARY, Alberta, April 03, 2023 (GLOBE NEWSWIRE) — (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to announce an update to its shareholder return strategy.

Management and the board of directors of Pipestone have reflected on the significant volatility in capital markets and the decline in both oil and natural gas prices over the past few months. Given this uncertain environment, Pipestone has decided not to proceed with initiating the substantial issuer bid in the first quarter of 2023 as previously indicated.

Pipestone remains committed to its strategy of delivering enhanced returns to shareholders. The cornerstone … Continue Reading