Greenfields Petroleum announces financial results for the year-ended December 31, 2013. Except as otherwise indicated, all dollar amounts referenced herein are expressed in United States dollars.
Greenfields Petroleum is pleased to announce that it has filed its statement of reserves data, the reports of its independent qualified reserves evaluator and the related report of management and directors for the year-end 2013 with the securities regulatory authorities of Canada. More detailed information can be viewed on the Company's SEDAR profile.
Greenfields, an independent exploration and production company with assets in Azerbaijan, is pleased to provide an operational update for the Bahar project in Azerbaijan. Field production increased again in March 2014 over the prior month as a result of continuing workover operations in the two fields. For March 2014, Greenfields' 33.33% share of Bahar Energy Limited's entitlement volumes have averaged approximately 11 [...]
Greenfields Petroleum announces that, pursuant to the terms of the previously announced loan agreement among an arm's length third party, the Company, Greenfields Petroleum Holdings Ltd. and Greenfields Petroleum International Company Ltd., the Company has issued 170,648 common shares of the Company to the Lender as bonus shares in consideration of the Lender funding the fourth and final tranche advance of $10 million on [...]
Greenfields, an independent exploration and production company with assets in Azerbaijan, is pleased to announce that the operating company of the Bahar project, Bahar Energy Operating Company, continues work in its redevelopment of the Gum Deniz and Bahar fields in the Bahar ERDPSA, Azerbaijan. Gross field production increased again in February as a result of continuing drilling and workover operations in the two fields.
Greenfields, announces that, pursuant to the terms of the previously announced loan agreement among an arm's length third party, the Company, Greenfields Petroleum Holdings Ltd. and Greenfields Petroleum International Company Ltd., the Company has issued 226,510 common shares of the Company to the Lender as bonus shares in consideration of the Lender funding the Third Tranche Advance of $10 million on January 28, 2014 [...]
Greenfields announces that, pursuant to the terms of the previously announced loan agreement among an arm's length third party, the Company, Greenfields Petroleum Holdings Ltd. and Greenfields Petroleum International Company Ltd., the Company has issued 151,007 common shares of the Company to the Lender as bonus shares as a result of the achievement on January 10, 2014 of the third of four operational milestones. The [...]
Greenfields, an independent exploration and production company with assets in Azerbaijan, is pleased to announce that the operating company of the Bahar project, Bahar Energy Operating Company, has exceeded the important milestone of maintaining production for 90 consecutive days at an average rate of 6,944 barrels of oil equivalent per day referred to as Target Production Rate 1 under the Exploration, Rehabilitation [...]
Greenfields, announces that, pursuant to the terms of the previously announced loan agreement among an arm's length third party, the Company, Greenfields Petroleum Holdings Ltd. and Greenfields Petroleum International Company Ltd., the Company has issued 127,986 common shares of the Company to the Lender as bonus shares as a result of the achievement on December 2, 2013 of the second of four operational milestones. The [...]
Greenfields, an independent exploration and production company with producing assets in Azerbaijan, is pleased to announce its financial results and operating highlights for the third quarter and year-to-date 2013. Third Quarter and Year-to-Date 2013 Financial Results and Operating Highlights The Company's entitlement sales volumes from production for its net interest in the Bahar Project averaged 573 bbl/d and 6,334 [...]
Greenfields, an independent exploration and production company with assets in Azerbaijan, is pleased to announce that it has secured a US$25 million loan facility through an arm's length third party. The funds available under the Loan are intended to be used primarily to finance the Company's ongoing development operations in Azerbaijan as it relates to the Gum Deniz Oil Field and Bahar Gas Field.
Greenfields, an independent exploration and production company with assets in Azerbaijan, is pleased to announce recent operational results.October 2013 Operating Highlights The Company's estimated entitlement volumes from production for its net interest in the Bahar Project averaged 543 bbl/d and 6,067 mcf/d or 1,635 boe/d during September 2013 and 462 bbl/d and 5,614 mcf/d or 1,472 boe/d during October 2013, as detailed [...]
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