VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 1, 2015) - Esrey Energy Ltd. ("Esrey" or the "Company") (TSX VENTURE:EEL) is pleased to announce that it has entered into a debt settlement agreement to settle in full the matured non-revolving credit facilities owed by the Corporation's subsidiary, Kaynes Capital S.a.r.l. ("Kaynes"), to an arm's length creditor (the "Creditor"). At maturity Kaynes owed US$3,377,776 under [...]
Summary of Results for the Quarter Ended December 31, 2014: VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 25, 2015) - Esrey Energy Ltd. (TSX VENTURE:EEL) ("Esrey" or the "Company") announces its financial results for the quarter ended December 31, 2014 (all monetary figures are stated in Canadian dollars): At December 31, 2014, the Company had a cash position of $9,579,683. Esrey recorded a loss attributable to [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 2, 2014) - Esrey Energy Ltd. ("Esrey" or the "Company") (TSX VENTURE:EEL) is pleased to announce that its subsidiaries, Telemu No. 18 Limited ("Telemu"), LNG Energy (PNG) Limited and LNG Energy No. 2 Limited, have entered into an amendment to their farm-in agreement (the "Farm-in Agreement") with wholly owned subsidiaries of Heritage Oil Plc ("Heritage") in Papua New Guinea [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 28, 2014) - Esrey Energy Ltd. ("Esrey" or the "Company") (TSX VENTURE:EEL) is pleased to announce that it has received TSX Venture Exchange approval and has closed the transaction to settle US$2,636,363 (CDN$2,900,000) of the non-revolving credit facilities owed by the Corporation's wholly owned subsidiary Kaynes Capital S.a.r.l. ("Kaynes") to arm's length creditors through [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 25, 2014) - Esrey Energy Ltd. ("Esrey") (TSX VENTURE:EEL) announces that it has entered into a debt settlement agreement to settle a portion of the non-revolving credit facilities owed by the Corporation's wholly owned subsidiary Kaynes Capital S.a.r.l. ("Kaynes") to arm's length creditors. Esrey proposes to settle US$2,636,363 (CDN $2,900,000) of the principal amount and [...]
Esrey Energy announces that an aggregate of 880,250 stock options of the Company have been voluntarily surrendered by the holders of such Options. The surrender of Options is effective immediately and was completed for nil consideration. Following the surrender of such Options, the Company has 1,413,250 Options outstanding pursuant to the option plan of the Company, which represents, in aggregate, approximately 5% of the [...]
Esrey Energy announces the Company has granted 994,000 stock options pursuant to its previously approved stock option plan to directors, officers, employees and consultants of the Company. The options are exercisable over 5 years at an exercise price of $0.12 per share with one third vesting immediately, one third in 6 months and one third in 12 months.
Esrey Energy announces the Company has entered into a binding agreement to add to its holdings in Poland's Baltic Basin through the acquisition of additional interest in Saponis Investments. The Company and BNK Petroleum Inc. have agreed to acquire the interests of the other two Saponis shareholders on a pro-rata basis. As of December 31, Esrey will hold a 42.96 % interest in Saponis.
Heritage, an independent upstream exploration and production company, issues its Interim Management Statement for the period from 1 July 2013 to 18 November 2013. Corporate highlights: Total revenues of $49.1 million in the third quarter 2013 ($2.1 million, Q3 2012), of which $46.4 million was from the interest in Shoreline Natural Resources Limited ("Shoreline"), Nigeria, and $2.7 million was from the interest in the [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 13, 2013) - LNG Energy Ltd. ("LNG" or the "Company") (TSX VENTURE:LNG) is pleased to announce that its shareholders and the TSX Venture Exchange have approved the consolidation of LNG's issued and outstanding Common Shares and a name change to "Esrey Energy Ltd." ("Esrey"). Pursuant to a special resolution passed by shareholders on November 6, 2013, the Company will proceed [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 27, 2013) - LNG Energy Ltd.'s (TSX VENTURE:LNG) ("LNG" or the "Company") announces a proposed consolidation and subsequent share split of its common shares in order to eliminate the number of odd-lot shareholdings that have evolved over the years and reorganize its capital structure to facilitate future business transactions. Reasons for Restructuring LNG currently has [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 13, 2013) - LNG Energy Ltd. ("LNG" or the "Company") (TSX VENTURE:LNG) announces Mr. Danny Lee has tendered his resignation to the Board of Directors (the "Board") resigning from the position of Chief Financial Officer ("CFO") of the Company in order to pursue other professional interests. The Board thanks Mr. Lee for his years of services and wishes him well in his future [...]