Madalena Ventures, an international upstream oil and gas company and Online Energy, a domestic oil and gas company with operations in Alberta, are pleased to jointly announce that 42,992,196 common shares of Online, representing approximately 93.5% of the issued and outstanding Online Shares, have been tendered pursuant to Madalena's offer to [...]
Madalena Ventures and Online Energy jointly announce that Madalena has mailed its formal offer documents to holders of outstanding securities of Online in connection with an offer to acquire all of the outstanding common shares of Online for $0.35 cash per Online Share (including any Online Shares issued on exercise of outstanding options or [...]
Madalena Ventures, an international upstream oil and gas company and Online Energy, a domestic oil and gas company with operations in Alberta, are pleased to jointly announce that they have entered into a pre-acquisition agreement pursuant to which Madalena will, subject to certain conditions, make an offer to acquire all of the issued and [...]
Online Energy announces its financial and operating results for the three and six months ended June 30, 2012. Selected financial and operational information is outlined below and should be read in conjunction with the unaudited condensed interim financial statements for the three and six months ended June 30, 2012, which are available on the SEDAR [...]
Online Energy is pleased to provide an update on the completion and testing of its Paddle River 1-5-55-7W5M Ostracod horizontal oil well. The 1-5 well is the second Online 100% W.I. horizontal well on its Paddle River Ostracod oil project. It was drilled in March and reached a total depth of 3,089 metres, including a 1,254 metre horizontal [...]
Online Energy announces its financial and operating results for the three months ended March 31, 2012. Selected financial and operational information is outlined below and should be read in conjunction with the audited financial statements and related MD&A for the year ended December 31, 2011, which are available on the SEDAR website at sedar.com [...]
Online Energy is pleased to announce that it has closed an additional tranche of its previously announced public offering by issuing 200,000 common shares of the Company, at a price of $0.26 per Common Share, for aggregate gross proceeds of $52,000. On April 25, 2012, the Company raised approximately $1.2 million, in two separate closings, pursuant [...]
Online Energy announces that it granted options on May 1, 2012 to acquire up to 790,770 Common Shares of Online, 610,770 of which were granted to directors and officers of Online. Each grant of options is for a five year term, expiring on May 1, 2017. The options vest over three years (1/3 on each of the first, second and third anniversary of the [...]
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