Industry Veteran with Significant International and Colombian Operating Experience TORONTO, Jan. 30, 2017 /CNW/ - Pacific Exploration & Production Corp. (TSX: PEN) is pleased to announce the appointment of Barry Larson as its new Chief Executive Officer, effective February 20, 2017. Mr. Larson will be based at the Company's operating headquarters in Bogotá, Colombia. Jim Latimer will continue in the role of interim [...]
Creditor and Catalyst Led Restructuring Completed Renewed Strategic Focus to be a Low Cost Margin Driven Producer Liquidity (including cash and available LC) at September 30, 2016 Approximately U.S.$672 million Expiration of Rubiales-Piriri Contract Adversely Affects Volume TORONTO, Nov. 14, 2016 /CNW/ - Pacific Exploration & Production Corp. (TSX: PEN) announced today the release of its consolidated financial statements [...]
Creditor and Catalyst Led Restructuring Reduced Overall Debt to U.S.$250 Million from U.S.$5.4 Billion Company Recapitalized with Approximately U.S.$500 Million of Cash Operations Have Been Cash Flow Positive During the Restructuring Process Announces New Board Comprised of Highly Skilled Independent Directors Common Shares have been Conditionally Approved for Listing on the Toronto Stock Exchange with Trading Expected to [...]
TORONTO, Nov. 1, 2016 /CNW/ - Pacific Exploration & Production Corp. (the "Company") announced today an update with respect to its previously announced plan of compromise and arrangement (the "Plan") pursuant to the Companies' Creditors Arrangement Act (Canada) in connection with its comprehensive restructuring transaction (the "Creditor/Catalyst Restructuring Transaction"). The Company is pleased to announce the [...]
Pacific Exploration & Production is pleased to provide an update with respect to its previously announced plan of compromise and arrangement pursuant to the Companies' Creditors Arrangement Act (Canada) in connection with its comprehensive restructuring transaction. As previously announced on October 11, 2016, all of the conditions precedent to completion of the Creditor/Catalyst Restructuring Transaction have been [...]
TORONTO, Oct. 11, 2016 /CNW/ - Pacific Exploration & Production Corporation (the "Company") is pleased to provide an update with respect to its previously announced plan of compromise and arrangement (the "Plan") pursuant to the Companies' Creditors Arrangement Act (Canada) in connection with its comprehensive restructuring transaction (the "Creditor/Catalyst Restructuring Transaction"). The Company is pleased to announce [...]
TORONTO, Sept. 29, 2016 /CNW/ - Pacific Exploration & Production Corporation (the "Company") is pleased to provide an update with respect to its previously announced plan of compromise and arrangement (the "Plan") pursuant to the Companies' Creditors Arrangement Act (Canada) in connection with its comprehensive restructuring transaction (the "Creditor/Catalyst Restructuring Transaction"). The Company now expects to [...]
TORONTO, Sept. 27, 2016 /CNW/ - Pacific Exploration & Production Corp. (the "Company") is pleased to announced that it has reached an agreement with Karoon Gas Australia Ltd. (ASX: KAR) ("Karoon") and KAROON PETRÓLEO & GAS LTDA. (affiliate of Karoon) to sell its 35% working interest in the following concession agreements in Brazil S-M-1101, S-M-1102, S-M-1037, S-M-1165 and S-M 1166 (collectively, the "Karoon [...]
TORONTO, Sept. 26, 2016 /CNW/ - Pacific Exploration & Production Corp. (the "Company") is pleased to provide an update with respect to its previously announced plan of compromise and arrangement (the "Plan") pursuant to the Companies' Creditors Arrangement Act (Canada) in connection with its comprehensive restructuring transaction (the "Creditor/Catalyst Restructuring Transaction"). To date, the Company has received and [...]
TORONTO, Sept. 12, 2016 /CNW/ - Pacific Exploration & Production Corp. (the "Company") is pleased to provide an update with respect to its previously announced plan of compromise and arrangement (the "Plan") pursuant to the Companies' Creditors Arrangement Act (Canada) in connection with its comprehensive restructuring transaction (the "Creditor/Catalyst Restructuring Transaction"). The Company expects, assuming [...]
TORONTO, Aug. 23, 2016 /CNW/ - Pacific Exploration & Production Corp. (the "Company") is pleased to announce that today the Ontario Superior Court of Justice (Commercial List) (the "Court") granted an order (the "Sanction Order") sanctioning and approving the Company's plan of compromise and arrangement (the "Plan") pursuant to the Companies' Creditors Arrangement Act (Canada) in connection with its previously announced [...]
TORONTO, Aug. 22, 2016 /CNW/ - Pacific Exploration & Production Corp. (the "Company") today announced that its Board of Directors (the "Board") has reaffirmed that the comprehensive restructuring transaction (the "Creditor/Catalyst Restructuring Transaction") with: (i) certain holders of the Company's senior unsecured notes (the "Supporting Noteholders") (including certain members of an ad hoc committee of holders of the [...]
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