Cuda Oil and Gas Inc.

Cuda Oil and Gas Inc. is pleased to announce its financial and operating results for the three and six months ended June 30, 2019. The unaudited interim condensed consolidated financial statements and related management's discussion and analysis are available under the Company's profile on the SEDAR website at www.sedar.com. Selected financial and [...]

Cuda Oil and Gas Inc. announces that the board of directors of the Company has approved amendments to the stock option plan of the Company and certain currently outstanding options and it has granted additional stock options pursuant to the amended stock option plan. The board of directors of the Company has approved the following: the amendment of [...]

Cuda Oil and Gas Inc. is pleased to announce that it has completed its previously announced brokered private placement of units for gross proceeds of $7.1 million . The Offering was co-led by KES 7 Capital Inc. and Eight Capital and included a syndicate of agents consisting of Seaport Global Securities LLC and Cormark Securities Inc. . KES 7 acted [...]

Cuda Oil and Gas Inc. is pleased to announce that it has entered into a series of binding Asset Purchase Agreements to sell all of its oil and gas assets and related liabilities located in the Province of Quebec at a total transaction value of CAD$10.59 million, including cash consideration at closing of CAD $4.29 million, to arm’s-length [...]

Cuda Oil and Gas Inc. is pleased to announce it has signed a definitive agreement to refinance its CAD $35 million credit facility with its Canadian institutional lender . The refinancing includes the extension of the maturity of the Facility by one year to June 27, 2020. Interest on the Facility will continue to compound monthly at a rate of 10.5 [...]

Cuda Oil and Gas Inc. is pleased to announce that it has entered into an agreement with a syndicate of investment dealers for an equity offering to raise up to $8 million on a commercially reasonable efforts private placement basis . The syndicate is co-led by KES 7 Capital Inc. and Eight Capital and includes Seaport Global Securities LLC and [...]

Cuda Oil and Gas Inc. is pleased to announce it has signed a Letter of Intent to refinance its CAD $35 million credit facility with its Canadian institutional lender . The refinancing includes the extension of the maturity of the Facility by one year from July 2019 to July 2020, subject to a definitive agreement. Interest on the Facility will [...]

Cuda Oil and Gas Inc. is pleased to announce the natural gas plant and associated facilities on the Barron Flats Federal Unit in Converse County, Wyoming have been commissioned to process rich Shannon field solution gas. The plant is a key step to allowing the Company to access gas flood reserves assigned by Ryder Scott in the recent independent [...]

Cuda Oil and Gas Inc. releases the results of its 2018 year-end oil and gas reserves evaluation for Wyoming and Alberta. In 2018, Cuda completed the merger with Junex Inc., a TSXV listed company and concurrently acquired a 27.75% working interest in the Barron Flats Federal Deep Unit and subsequently 33.33% WI in the Cole Creek Unit both located in [...]

Cuda Oil and Gas Inc. announces that the Company will issue common shares of the Company in satisfaction of a portion of the interest payable in respect of its outstanding convertible debentures. The Company has outstanding convertible debentures in the principal amount of $1.5 million that bear interest payable semi-annually at a rate of 12% per [...]