CALGARY, May 17, 2016 /CNW/ - Connacher Oil and Gas Ltd. (CLC – TSX; "Connacher" or the "Company") announced today that the Company has obtained court protection under the Companies' Creditors Arrangement Act ("CCAA") pursuant to an initial order granted by the Court of Queen's Bench, in the Province of Alberta, on May 17, 2016 ("Initial Order [...]
TORONTO, May 16, 2016 /CNW/ - DELISTING REVIEW Connacher Oil and Gas Ltd. (the "Company") – TSX is reviewing the common shares (Symbol: CLC) (the "Shares") of the Company with respect to meeting the requirements for continued listing pursuant to the Expedited Review Process. The Shares are suspended from trading immediately. About TMX Group (TSX:X [...]
CALGARY, May 16, 2016 /CNW/ - Connacher Oil and Gas Ltd. (CLC – TSX; "Connacher" or the "Company") announces that it is initiating proceedings today at the Court of Queen's Bench of Alberta to seek creditor protection under the Companies' Creditors Arrangement Act ("CCAA"). As a result of, among other things, the current depressed prices for [...]
CALGARY, May 10, 2016 /CNW/ - Connacher Oil and Gas Ltd. (CLC - TSX; "Connacher" or the "Company") announces its financial and operating results for the quarter-ended March 31, 2016 ("Q1 2016") (all amounts are in Canadian dollars unless otherwise noted). Q1 2016 Highlights Financial Q1 2016 revenue, net of royalties, decreased 78% to $11.8 [...]
CALGARY, May 5, 2016 /CNW/ - Connacher Oil and Gas Ltd. (CLC - TSX; "Connacher") announces that access to its Great Divide site has improved and it is proceeding to bring production back to normal levels over the day. Production at Great Divide will be increased to approximately 8,000 bbl/day of bitumen. Connacher's employees and facilities at [...]
CALGARY, May 4, 2016 /CNW/ - Connacher Oil and Gas Ltd. (CLC - TSX; "Connacher" or the "Company") announces that it is proceeding with a temporary curtailment of production at its facilities at Great Divide which are being impacted by the raging wildfires to the south of Fort McMurray and the subsequent mandatory evacuation of the entire city of [...]
CALGARY, May 2, 2016 /CNW/ - Connacher Oil and Gas Ltd. (CLC - TSX; "Connacher" or the "Company") today announced that it has entered into a second forbearance agreement (the "Second Forbearance Agreement") with Wilmington Trust, National Association, as successor administrative agent (or any successor thereto, the "Administrative Agent") and [...]
CALGARY, March 31, 216 /CNW/ - Connacher Oil and Gas Ltd. (CLC - TSX; "Connacher" or the "Company") today announced that it has entered into a forbearance agreement (the "Forbearance Agreement") with Credit Suisse AG, Cayman Islands Branch, as administrative agent (or any successor thereto, the "Administrative Agent") and certain lenders [...]
CALGARY, March 29, 2016 /CNW/ - Connacher Oil and Gas Ltd. (CLC - TSX; "Connacher" or the "Company") announces its financial and operating results for the quarter- and the year-ended December 31, 2015 (all amounts are in Canadian dollars unless otherwise noted). The Company's annual financial statements and related management's discussion and [...]
CALGARY, March 11, 2016 /CNW/ - Connacher Oil and Gas Ltd. (CLC – TSX; "Connacher" or the "Company") announced today that its Board of Directors has initiated a process to investigate, evaluate and consider possible financing and restructuring alternatives available to the Company and has formed a special committee to assist the Board in this [...]
CALGARY, Feb. 16, 2016 /CNW/ - Connacher Oil and Gas Ltd. (CLC – TSX; "Connacher" or the "Company") announces its year-end reserves as of December 31, 2015, as evaluated by GLJ Petroleum Consultants Ltd. ("GLJ"), independent qualified reserves evaluators. Proved producing reserves decreased by 12.4 million barrels to 7.8 million barrels [...]
CALGARY, Jan. 18, 2016 /CNW/ - Connacher Oil and Gas Ltd. (CLC – TSX; "Connacher" or the "Company") announces that in light of exceptionally low commodity prices, the Company plans to further reduce production at Great Divide. Average production for the month of January is expected to be 7,000 to 8,000 barrels per day. February and March production [...]