Bonavista Energy Corp.

Bonavista Energy Corp. announces that it has entered into forbearance agreements with the lenders under the Company's amended and restated credit agreement dated as of September 8, 2017 and with holders of the Company's senior notes . Pursuant to the Forbearance Agreements, the Lenders and the Noteholders have agreed, among other things, to not exercise certain rights and remedies under the Credit Agreement and the terms [...]

Bonavista Energy Corp. announces that the Company, its banking syndicate , and the holders of the Company's senior unsecured notes have been actively negotiating the reorganization of the Company's debt maturities and related interim arrangements. In connection with such matters, the Lenders continue to allow the Company access to the swing line loan facility effective as of March 20, 2020 provided for under the existing [...]

Bonavista Energy Corp. and Canadian Imperial Bank of Commerce as administrative agent on behalf of a syndicate of lenders, including CIBC, The Toronto-Dominion Bank, Bank of Montreal, Royal Bank of Canada, The Bank of Nova Scotia, National Bank of Canada, ATB Financial and Federation des Caisses Desjardins du Quebec, under its existing unsecured $500 million bank credit facility have agreed, subject to certain conditions [...]

Bonavista Energy Corp. has worked extensively over the past twelve months in an effort to realign its near term debt maturities and maintain adequate liquidity to continue ordinary course operations in extraordinary market conditions. As part of these efforts, Bonavista issued a draw request for $175 million available under its existing $500 million bank credit facility with a syndicate of eight Canadian banks consisting [...]

Bonavista Energy Corp. is pleased to report to shareholders its financial and operating results for the three months and year ended December 31, 2019. The financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval at http://www.sedar.com and on Bonavista's website at www.bonavistaenergy.com. MESSAGE TO SHAREHOLDERS 2019 [...]

Bonavista Energy Corp. is pleased to announce the acquisition of certain oil and liquids rich natural gas weighted properties located within our West Central Alberta core area which are synergistic to our existing operations, complementary to our development plans and accretive to our debt leverage. The transaction closed on December 4th, 2019 with an effective date of November 1st, 2019. The purchase price of $53.3 [...]

Bonavista Energy Corp. is pleased to report to shareholders its financial and operating results for the three and nine months ended September 30, 2019. In the third quarter of 2019, we generated adjusted funds flow of $34.6 million and successfully drilled our first Duvernay horizontal well. The financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic [...]

Bonavista Energy Corp. is pleased to report to shareholders its financial and operating results for the three and six months ended June 30, 2019. In the second quarter of 2019, we generated adjusted funds flow of $40.5 million, allocating $35.3 million to our exploration and development program. The financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic [...]

Bonavista Energy Corp. announces that all matters presented for approval at the annual and special meeting of shareholders held today have been fully authorized and approved. A total of 123,088,834 votes, representing 47.55% of total votes entitled to vote at the meeting, were voted in connection with the matters considered at the meeting. At the meeting, all of the nominees proposed as directors were duly elected as [...]

Bonavista Energy Corp. is pleased to report to shareholders its financial and operating results for the three months ended March 31, 2019. The financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval at http://www.sedar.com and on Bonavista's website at www.bonavistaenergy.com. MESSAGE TO SHAREHOLDERS Through the first [...]