TriOil Resources Ltd, being part of the ORLEN Group, is pleased to announce that it is changing its name, effective immediately, to ORLEN Upstream Canada Ltd. The name change is consistent with the ORLEN Group global strategy of building a single identity and provides ORLEN brand recognition to the Canadian oil and gas market, where the Company [...]
TriOil Resources is pleased to announce the completion of the plan of arrangement, pursuant to which ORLEN Upstream sp. z o.o., through a wholly-owned subsidiary registered in the Netherlands, ORLEN Upstream International B.V., purchased all of the issued and outstanding class A common shares of the Company (the "Common Shares") at a cash price of [...]
S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices: The shareholders of TriOil Resources have agreed to the terms of an Arrangement Agreement with ORLEN Upstream International B.V. Shareholders of TriOil will receive $CDN2.85 cash for each share held. The company will be removed from the S&P/TSX [...]
TriOil Resources is pleased to announce that the holders of class A common shares of TriOil have approved the proposed acquisition of TriOil by ORLEN Upstream sp. z o.o. through a wholly-owned subsidiary registered in the Netherlands, ORLEN Upstream International B.V. pursuant to a plan of arrangement under the Business Corporations Act (Alberta [...]
TriOil Resources is pleased to provide an operations update on the Company's Montney, Cardium and Dunvegan programs. TriOil recently completed and brought on production its second horizontal Montney well. Over its initial 5 days of production, this well has produced at an average rate of approximately 950 BOE/d (51 percent NGLs) TriOil owns a 61 [...]
TriOil is pleased to announce that it has entered into an agreement with ORLEN Upstream s.p. z o.o. pursuant to which ORLEN Upstream, through a wholly owned subsidiary ORLEN Upstream International B.V. registered in the Netherlands, has agreed to purchase all of the issued and outstanding class A common shares of the Company at a cash price of [...]
TriOil is pleased to announce that it has entered into an agreement with ORLEN Upstream pursuant to which ORLEN Upstream, through a wholly owned subsidiary ORLEN Upstream International B.V. registered in the Netherlands, has agreed to purchase all of the issued and outstanding class A common shares of the Company at a cash price of C$2.85 per [...]
TriOil announces that it has extended the period of exclusive negotiations between itself and another party in relation to its strategic alternatives process. The exclusive negotiation period has been extended from the end of August to the second half of September 2013 by mutual agreement of the parties. At the present time, there can be no [...]
TriOil is pleased to announce that it has filed its financial statements and related Management's Discussion and Analysis for the three and six months ended June 30, 2013 on SEDAR. Selected financial and operational information is outlined below and should be read in conjunction with TriOil's unaudited interim financial statements and related MD&A [...]
TriOil announces that it has entered into exclusive negotiations with another party in connection its previously announced strategic alternatives process. The exclusive negotiation period will likely continue through the end of August 2013. Although the terms, conditions and structuring details of any potential transaction are to be negotiated and [...]
TriOil owns strong operational positions in three top-tier light oil and liquids rich natural gas projects - a Cardium light oil resource play at Lochend, a Dunvegan light oil play at Kaybob and a Montney liquids rich natural gas resource play at Pouce Coupe. All three projects have proven successful and the Company has an identified development [...]