Equal today announced that pursuant to the terms of an arrangement agreement amendment dated May 1, Equal, Petroflow Energy Corporation and its wholly-owned subsidiary, Petroflow Canada Acquisition have agreed to amend certain terms of their arrangement agreement dated December 6, 2013. Pursuant to the Arrangement Agreement, Petroflow Sub will [...]
Equal Energy today announced our operating and financial results for the three months and year ended December 31, 2013. All dollar amounts are in U.S. dollars unless otherwise indicated and volumes are net of royalties. "This was another year of solid performance for Equal Energy. Excluding 2012 asset sales, we maintained production levels [...]
Equal Energy confirms that due to the terms of the arrangement agreement dated December 6, 2013 with Petroflow Energy Corporation and Petroflow Canada Acquisition Corp. pursuant to which Equal and Petroflow will complete a plan of arrangement under the Business Corporations Act (Alberta), Equal will not pay a dividend in the first quarter of 2014 [...]
Shareholder rights attorneys at Robbins Arroyo LLP are investigating the acquisition of Equal Energy by Petroflow Energy Corporation and Petroflow Canada Acquisition Corp. On December 9, 2013, Equal Energy announced the signing of a definitive agreement pursuant to which Petroflow will acquire Equal Energy for $5.43 per share in cash for each [...]
Equal Energy today filed a preliminary information circular and proxy statement recommending that Equal shareholders vote FOR an arrangement under which all of the issued and outstanding common shares of Equal would be acquired by a wholly-owned subsidiary of Petroflow Energy Corporation for US$5.43 per Equal share. "The arrangement is the [...]
Equal Energy announces that the December 20, 2013 common stock dividend payment of US $0.05 per share has resulted in an adjustment to its outstanding 6.75% Convertible Debentures due March 31, 2016. Under the terms of the indenture, the conversion price for the Debentures is reduced from CAD $8.64 to $8.55. In addition, each Debenture is now [...]
Equal Energy advises shareholders to take no action regarding a news release issued yesterday by Montclair Energy LLC. Equal will soon file a proxy statement which will provide additional detail on the definitive agreement to be acquired by Petroflow Energy Corporation and Petroflow Canada Acquisition Corp. (collectively defined as "Petroflow") as [...]
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Equal Energy relating to the proposed acquisition by Petroflow Energy Corporation. Click here to learn more about the investigation call 877-534-2590. There is no cost or obligation to you.
Equal Energy is pleased to announce that the Company has entered into a definitive agreement with Petroflow Energy Corporation and Petroflow Canada Acquisition for the cash purchase of all of the issued and outstanding common shares of Equal at a price of US$5.43 per share, on a fully-diluted basis. The total transaction value, including net debt [...]
Equal Energy announces that its strategic alternatives process was successful, resulting in a suitable option for the Company to consider. Equal is presently pursuing exclusive negotiations with the party presenting this proposal. The exclusive negotiation and diligence period will continue until early December 2013, as the terms, conditions and [...]
Equal Energy today announced that its board of directors declared a quarterly cash dividend on Equal's common stock for the fourth quarter of 2013. The dividend is payable on December 20, 2013 at a rate of US$0.05 per share based on a record date of December 2, 2013. Equal Energy is an oil and gas exploration and production company based in [...]
Equal Energy is pleased to report its third quarter 2013 financial results. Third Quarter 2013 Highlights Higher natural gas liquids (NGL) prices drove stronger revenues Total production during the third quarter increased 4.4% over Q3 2012 to average 6,711 boe/d Production mix improved slightly to 48% natural gas, 49% NGLs and 3% oil [...]