GoldStrike and Petro One announced on December 22, 2015 that they had entered into a definitive agreement providing for the acquisition by Goldstrike of all issued and outstanding shares of Petro One, to be carried out by way of a statutory arrangement involving Goldstrike, Petro One and the shareholders of Petro One (the "Arrangement"). On [...]
GoldStrike and Petro One are pleased to announce that the proposed Arrangement involving the acquisition of Petro One by Goldstrike, which was approved by the shareholders of Petro One at their Meeting held on February 4, 2016, has now has been approved by the Supreme Court of British Columbia. On February 10, 2016, the Court granted an Order [...]
GoldStrike and Petro One are pleased to announce that the acquisition by Goldstrike of all issued and outstanding shares of Petro One has been overwhelmingly approved by the shareholders of Petro One. A special resolution approving the statutory arrangement involving Goldstrike, Petro One and the shareholders of Petro One was passed by an [...]
GoldStrike and Petro One announced on November 12, 2015 that they had entered into an agreement providing for the acquisition by Goldstrike of all issued and outstanding shares of Petro One, to be carried out by way of a statutory arrangement involving Goldstrike, Petro One and the shareholders of Petro One. The Companies are now pleased to report [...]
Petro One is applying to the TSX Venture Exchange for consent to extend the exercise term of certain outstanding share purchase warrants to October 7, 2016. On November 12, 2015, the Company announced a proposed arrangement pursuant to which all outstanding shares of the Company are planned to be acquired by GoldStrike Resources and, among other [...]
GoldStrike Resources and Petro One Energy are pleased to announce that they have entered into an agreement dated November 11, 2015 which provides for the acquisition by Goldstrike of all issued and outstanding shares of Petro One, to be carried out by way of a statutory arrangement involving Goldstrike, Petro One and the shareholders of Petro One [...]
Petro One has confirmed oil production from its horizontal Viking earning well 6- 22- 30- 27W3 at Milton, Saskatchewan based on an initial 54-day production test. The well was brought on production on January 15, and recovered some 3,500 barrels of frac fluid before being shut in for breakup on March 14. The well resumed production on April 15 and [...]
Petro One is pleased to report that Well 6-22, its first horizontal well drilled in the upper Viking, was completed as planned and has been on production since mid-January. The well, which is located in the Milton oil field in western Saskatchewan, is currently producing emulsion and recovering frac fluid from the 3,500 barrels of frac fluid used [...]
Petro One has entered into an agreement with Star Finance GmbH for European investor relations and corporate communications services. Petro One has a significant European shareholder base and trades on the Frankfurt Stock Exchange. Star Finance will be responsible for the enhancement of the Company's profile in the European investment community [...]
Petro One reports that KMDC Resources, a subsidiary of Korea Myanmar Development Company, has forfeited 2,600,000 shares and 2,600,000 warrants to the Company pursuant to the arrangement described in the Company's November 3, 2014 news release. The shares and warrants were issued to Resources on October 7, 2014 for $650,000, which the Company will [...]
Petro One is pleased to report that it has received the license to drill its first horizontal well at Milton, where the Company's consulting geologists have identified 49 net horizontal upper Viking drill locations. The 6-22 well is the first well designed to specifically target the thick Upper Viking formation as an initial step in a detailed [...]
Petro One Energy is pleased to report that Korea Myanmar Development Company and its subsidiary, KMDC Resources, have agreed to terms which will improve the Company's financial position by at least $650,000 by November 30, 2014. Details of the agreement are as follows: 1. KMDC will subscribe and pay for, or arrange for other persons to subscribe [...]
