Shoreline Energy is pleased to provide updated guidance following the October 31 announced credit facility closing and ATB credit facility renewal. Production Corporate average daily production is between 1,800 and 1,900 Boe/d combined Canadian Peace River Arch assets including its new Montney production and the Company's Niobrara/Codell assets in [...]
Shoreline Energy is pleased to announce it has closed an upsized US$3,000,000 loan facility with Acceleration Resources as announced in the Company's press release of September 30, 2013. A portion of the proceeds of the New Facility have been paid to Shoreline's primary lender, Alberta Treasury Branches, in partial prepayment of the Company's [...]
Shoreline Energy is pleased to announce that it will host a conference call on Thursday October 17th, 2013 to discuss its Joint Venture with Acceleration Resources, LLC. Mr. Trevor Folk, Chief Executive Officer of Shoreline, will host the conference call and Laurance Narbut will represent Acceleration Resources. To attend the call, please use the [...]
Shoreline Energy is pleased to announce that it has entered a letter of intent with Acceleration Resources, a U.S.-based oil and gas investment firm. The Letter of Intent envisions a loan of up to $2,750,000 in principal amount and a joint venture for up to $50mm of investment over time into Shoreline's Niobrara assets. Management believes there [...]
Shoreline Energy is pleased to announce that its Board of Directors has declared a Cdn $0.12 dividend per share in accordance with its Dividend Policy for holders of Shoreline Common Shares as follows;
Shoreline Energy is pleased to announce that it has received a 30 day extension from its lender ATB Financial to comply with certain working capital covenants under the terms of its loan facility. Shoreline requested the extension in order to have adequate time to complete closing of a new credit facility secured against its US assets which are not [...]
Shoreline Energy is pleased to announce financial and operating results from the second quarter of 2013. Second Quarter Financial and Operating Highlights Operating Sales volumes averaged 2,617 barrels of oil equivalent per day (BOED) and increased by 57% from the first quarter of 2013. Oil and NGL production as a percentage of total production [...]
Shoreline Energy is pleased to announce the following corporate update and guidance for the remainder of 2013. Production Corporate average monthly production for July 2013 was approximately 2,385 Boe/d (32% oil, 4% NGL's, 64% natural gas), comprised of approximately 1,925 Boe/d from the Company's Canadian Peace River Arch assets including its new [...]
Shoreline is pleased to announce that further to the Company's press releases dated July 3, 2013 and July 15, the Company has closed its final tranche of the flow through private placement resulting in gross proceeds to Shoreline of $2,588,788 through the issuance of 647,197 common shares of the Company, issued on a "flow through" basis under the [...]
Shoreline Energy is pleased to announce that further to the Company's press release dated July 3, 2013, the Company anticipates closing the final tranche of its flow through private placement on or about July 23, 2013 at which time Shoreline will publish its third quarter capital expenditure program and associated guidance.
Shoreline Energy announced today that as a result of a dispute relating to conveyance of legal title, the $15,700,000 principal payment due June 19, 2013 (as described in notes to Shoreline's first quarter financial results) is no longer required to be paid by Shoreline. As a result, Shoreline has reduced its current debt by $15,700,000. In [...]
Shoreline Energy is pleased to announce that its shareholders approved all of the resolutions outlined in the Notice of 2013 Annual and Special Meeting and Management Proxy Circular dated May 3, 2013 at its Annual and Special Meeting held on June 13. At the Meeting, the following individuals were re-elected as directors of the Corporation: Shaun [...]
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