|Bid||1.79 x 0|
|Ask||1.87 x 0|
|Day's Range||1.79 - 1.80|
|52 Week Range||1.41 - 2.50|
|PE Ratio (TTM)||48.38|
|Earnings Date||Nov 27, 2018 - Dec 3, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.42|
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. PetroShale recently announced a strategic acquisition of assets within our North Dakota Bakken core area for total consideration of US$52.6 million (the "Acquisition"). The assets include three undeveloped drilling units that PetroShale will operate, an enhancement of our drilling location inventory (increasing it by 14 net wells), a significant increase to our undeveloped land base, and 550 barrels of oil equivalent per day ("boepd") of light oil, low decline production (the "Acquired Assets"). A concurrent bought deal public equity financing and private placement financing (the "Equity Financings") closed on August 14, 2018, and raised aggregate gross proceeds of $46 million and $12.5 million, respectively.
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 equivalent per day ("boepd") (~90% light oil and liquids) of low decline production, as well as significant working interests in three primarily undeveloped drilling units which will be operated by PetroShale. The Acquisition increases our inventory of low-risk, infill drilling locations by 24%, and our undeveloped land position by over 34%.
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 issued 24,865,300 subscription receipts at a price of $1.85 per subscription receipt for aggregate gross proceeds of $46 million, which includes the full exercise of the over-allotment option granted to the underwriters.
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VANCOUVER , July 12, 2018 /CNW/ - Trading resumes in: Company: PetroShale Inc. TSX-Venture Symbol: PSH Resumption (ET): 10:00 AM IIROC can make a decision to impose a temporary suspension (halt) of trading ...
VANCOUVER , July 12, 2018 /CNW/ - The following issues have been halted by IIROC: Company: PetroShale Inc. TSX-Venture Symbol: PSH Reason: At the Request of the Company Pending News Halt Time (ET): 8:20 ...
Concurrent with the Acquisition, PetroShale has entered into an agreement for a $40 million bought deal financing (the “Bought Deal Financing”) through a syndicate of underwriters led by Haywood Securities Inc. (“Haywood” and together with the other syndicate members, the “Underwriters”). Pursuant to the terms of the Bought Deal Financing, the Underwriters have agreed to purchase for resale to the public, on a bought deal basis, 21,622,000 subscription receipts of the Company (“Subscription Receipts”) at a price of $1.85 per Subscription Receipt for total gross proceeds of $40 million.
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 ...