Cuda Oil and Gas Inc. announces that the Court of Queens Bench of Alberta has granted the application from the Company's senior and subordinate secured lenders, to appoint FTI Consulting Canada Inc. as receiver and manager over the assets, undertakings and property of Cuda and its subsidiaries. Cuda had previously announced on November 5, 2021, the [...]
Cuda Oil and Gas Inc. announces that Mr. Bruce Lawrence, Mr. Jean-Yves Lavoie, and Ms. Guylaine Saucier have resigned as members of the Board of Directors effective immediately. Mr. Lawrence was appointed as a Director in 2018 and serves as a member of the Company's audit committee. Mr. Lawrence currently serves as a partner at Borden Ladner [...]
Cuda Oil and Gas Inc. announces that the Company's senior secured lender, Tallinn Capital Energy Limited Partnership, and its subordinate secured lender, being certain funds managed or co-managed by Bridging Finance Inc., have each made demand for payment in full of the Company's outstanding indebtedness and provided the Company with a Notice of [...]
Cuda Oil and Gas Inc. previously announced that it had entered into a Share Purchase Agreement to sell all of the shares of Cuda Energy Inc., a wholly-owned subsidiary of the Company that holds its Alberta assets, to an arm's length private company with a targeted closing date of September 30, 2021. Cuda and the Purchaser have mutually agreed to [...]
Cuda Oil and Gas Inc. announces that it has entered into a Share Purchase Agreement to sell all of the shares of Cuda Energy Inc., a wholly-owned subsidiary of the Company that holds its Alberta assets, to an arm's length private company . The Purchaser has agreed to pay total cash consideration of $2.67 million, subject to certain adjustments, and [...]
Cuda Oil and Gas Inc. is pleased to release the results of its June 30th, 2021 Oil and Gas Reserves Evaluation for Wyoming and Alberta. Cuda continues to advance its major asset at Barron Flats Shannon Secondary Recovery Unit in the Powder River Basin of Wyoming. In the 2021 Mid-Year Reserves Report, Ryder Scott has identified increases to the [...]
Cuda Oil and Gas Inc. announces that it has agreed to certain amendments to the conversion terms of its Series C Convertible Debenture in order to comply with requirements of the TSX Venture Exchange. The Convertible Debenture is an unsecured convertible debenture in the principal amount of $1,589,753 that bears interest at a rate of 15% per annum [...]
Cuda Oil and Gas Inc. announces its financial and operating results for the three and six months ended June 30, 2021. Cuda's unaudited interim condensed consolidated financial statements and related management's discussion and analysis as at and for the periods ended June 30, 2021 and 2020, are available under the Company's profile on the SEDAR [...]
Cuda Oil and Gas Inc. is pleased to announce an additional $4.0 million of financing from its Senior Lender, Tallinn Capital Energy Limited Partnership , under the Senior Credit Facility agreement signed on January 20, 2021. The additional proceeds will be used for the payment of account payables relating to, and continued development of, its oil [...]
KES 7 Capital Inc. announces that on June 7, 2021 it acquired 2,852,972 common share purchase warrants of Cuda Oil and Gas Inc. by way of a private placement in satisfaction of fees payable for services rendered in the amount of $270,000. Each warrant entitles the holder to purchase one common share at an exercise price of $0.07 for a term of three [...]
Cuda Oil and Gas Inc. announces its financial and operational results for the first quarter ended March 31, 2021. Cuda's unaudited interim condensed consolidated financial statements and management's discussion and analysis as at and for the three months ended March 31, 2021 and 2020, are available under the Company's profile on the SEDAR website [...]
Cuda Oil and Gas Inc. announces its financial and operational results for the year ended December 31, 2020. Cuda's audited consolidated financial statements, and management's discussion and analysis for the year ended December 31, 2020 and 2019 are available under the Company's profile on the SEDAR website at www.sedar.com. Significant 2020 [...]
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