CALGARY, May 22, 2014 /CNW/ - Connacher Oil and Gas Ltd. (CLL - TSX; "Connacher" or the "Company") stated today that it has placed the previously announced first lien term loan facility in an aggregate principal amount of US dollar equivalent of C$140 million (the "Term Loan Facility"). The Term Loan Facility will be placed with a syndicate of [...]
CALGARY, May 14, 2014 /CNW/ - Connacher Oil and Gas Ltd. (CLL - TSX; "Connacher" or the "Company") announces its financial and operating results for the quarter-ended March 31, 2014 ("Q1 2014") as outlined below (all amounts are in Canadian dollars unless otherwise noted). Q1 2014 Highlights: Connacher's production for Q1 2014 increased by 8 [...]
Connacher has engaged Credit Suisse to act as sole lead arranger and sole bookrunner in the arrangement of a first lien term loan facility in an aggregate principal amount of US dollar equivalent of C$140 million. The Company's intention is to concurrently amend and reduce the existing $95 million amended and restated senior secured revolving [...]
On May 2, 2014 Connacher received unanimous consent from the lenders under the Amended and Restated Senior Secured Revolving Credit Facility to extend the maturity date from May 31, 2014 to July 31, 2014 and to waive the requirement to comply with Total Consolidated Debt to Total Capitalization Ratio covenant under Credit Facility at March 31, 2014 [...]
Connacher provides the following operational update for the first quarter 2014. Based on field estimates, Connacher's Great Divide production for Q1 2014 averaged 13,400 bbl/d. Production was 18 per cent higher than the prior quarter. On March 7, 2014 the Company experienced a natural gas supply pipeline leak at Algar. The Algar plant was taken off [...]
Connacher today released its financial and operating results for 2013, a summary of which is set out below. The quarterly conference call and annual general meeting details are provided below. The Company's consolidated annual financial statements for the year ended December 31, 2013 and the related management's discussion and analysis of the [...]
Connacher announces its year-end reserves as of December 31, 2013, as evaluated by GLJ Petroleum Consultants Ltd., independent qualified reserves evaluators. Proved producing reserves increased by 13 per cent to 22.5 million barrels with the inclusion of the recently drilled infill wells and well pairs at Pod One. Production in 2013 totaled 4.3 [...]
