Pipestone

GoldON Adds Fifth Property in Red Lake Gold District

Tuesday, February 23, 2021 - 1:30pm

Red Lake North Extension is underexplored and host to seismic structural characteristics similar to the Red Lake Gold Camp and the LP Fault of Great Bear's Dixie Gold Project

Key Points: 
  • Victoria, British Columbia--(Newsfile Corp. - February 23, 2021) - GoldON Resources Ltd. (TSXV: GLD) ("GoldON" or the "Company") is pleased to announce it has entered into an option agreement to acquire a 100% interest in the Red Lake North property (the "Property") located in the Red Lake Mining District of Northwestern Ontario.
  • The Property is comprised of nine contiguous mining claims covering 3,347 hectares (ha) and is located approximately 65 kilometres (km) north of the town of Red Lake.
  • Access is excellent via Nungesser Road, an all-weather road that runs within 1.5 km of the northwestern corner of the Property and connects to Red Lake.
  • Our current project portfolio includes four properties in the Red Lake Mining Division (West Madsen, Pipestone Bay, McDonough and Bruce Lake) and a fifth property in the Patricia Mining Division (Slate Falls).

Pipestone Energy Corp. Announces Graduation to the Toronto Stock Exchange

Tuesday, December 15, 2020 - 9:01pm

CALGARY, Alberta, Dec. 15, 2020 (GLOBE NEWSWIRE) -- (PIPE TSX-V) Pipestone Energy Corp. (Pipestone or the Company) is pleased to announce that its common shares and warrants have been approved for listing on the Toronto Stock Exchange (TSX) and will commence trading on the TSX at the opening of the market on December 16, 2020.

Key Points: 
  • CALGARY, Alberta, Dec. 15, 2020 (GLOBE NEWSWIRE) -- (PIPE TSX-V) Pipestone Energy Corp. (Pipestone or the Company) is pleased to announce that its common shares and warrants have been approved for listing on the Toronto Stock Exchange (TSX) and will commence trading on the TSX at the opening of the market on December 16, 2020.
  • Concurrent with the up-listing to the TSX, the common shares and warrants of Pipestone will be de-listed from the TSX Venture Exchange.
  • Pipestone Energy Corp. is an oil and gas exploration and production company with its head office located in Calgary, Alberta.
  • The company is focused on developing its pure-play condensate-rich Montney asset in the Pipestone area near Grande Prairie.

Pipestone Energy Corp. Announces Results of Shareholder Meeting Including Approval of the Preferred Share Financing

Tuesday, September 15, 2020 - 12:03am

Additionally, the Shareholders approved the proposed preferred share financing (the Financing) for expected proceeds to Pipestone Energy of approximately $67 million, net of anticipated transaction costs.

Key Points: 
  • Additionally, the Shareholders approved the proposed preferred share financing (the Financing) for expected proceeds to Pipestone Energy of approximately $67 million, net of anticipated transaction costs.
  • The Financing is expected to close September 15, 2020.
  • Each of the incumbent directors of Pipestone Energy, Gordon M. Ritchie, Garth Braun, William Lancaster, John Rossall, Geeta Sankappanavar, Robert Tichio and Paul Wanklyn were re-elected by the Shareholders present in person or by proxy.
  • The detailed results of the votes are set out below:

Pipestone Energy Corp. Reports Mailing of Circular and RSU Awards

Friday, August 21, 2020 - 9:01pm

A summary of the information Shareholders will need to attend the Meeting is provided in the Information Circular and the Notice.

Key Points: 
  • A summary of the information Shareholders will need to attend the Meeting is provided in the Information Circular and the Notice.
  • (Riverstone), GMT Capital Corp. (GMT Capital), and GMT Exploration Company LLC (GMT Exploration) for expected proceeds to Pipestone Energy of approximately $67 million, net of anticipated transaction costs.
  • Pipestone Energy Corp. is an oil and gas exploration and production company with its head office located in Calgary, Alberta.
  • Pipestone Energy shares trade under the symbol PIPE on the TSX Venture Exchange.

Pipestone Energy Corp. Reports Second Quarter 2020 Results

Wednesday, August 12, 2020 - 12:00pm

Operating netback is calculated on a per-unit-of-production basis and is determined by deducting royalties, operating and transportation expenses from liquids and natural gas sales.

Key Points: 
  • Operating netback is calculated on a per-unit-of-production basis and is determined by deducting royalties, operating and transportation expenses from liquids and natural gas sales.
  • Adjusted funds flow netback reflects adjusted funds flow on a per-unit-of-production basis and is determined by dividing adjusted funds flow by total production on a per-boe basis.
  • In the interest of providing shareholders of Pipestone Energy and potential investors information regarding Pipestone Energy, this news release contains certain information and statements (forward-looking statements) that constitute forward-looking information within the meaning of applicable Canadian securities laws.
  • Additional risks, uncertainties and other factors are discussed in the MD&A dated August 12, 2020 and in Pipestone Energys annual information form dated March 17, 2020, copies of which are available electronically on Pipestone Energys SEDAR at www.sedar.com.

Pipestone Energy Corp. Announces it Has Successfully Maintained Its $225 Million Reserve Based Loan and Provides an Operations Update

Friday, June 12, 2020 - 12:00pm

The Credit Facilitys capacity has been maintained at $225 million, of which the Company was drawn approximately $184 million as of June 12th, 2020.

Key Points: 
  • The Credit Facilitys capacity has been maintained at $225 million, of which the Company was drawn approximately $184 million as of June 12th, 2020.
  • Pipestone Energy continues to actively manage its production in response to very high volatility in crude oil prices over the past few months.
  • Pipestone Energy Corp. is an oil and gas exploration and production company with its head office located in Calgary, Alberta.
  • Pipestone Energy is committed to building long term value for our shareholders and values the partnerships that it is developing within its operating community.

Pipestone Energy Corp. to Reschedule Shareholder Meeting

Monday, May 25, 2020 - 12:00pm

CALGARY, Alberta, May 25, 2020 (GLOBE NEWSWIRE) -- (PIPE TSX-V) Pipestone Energy Corp. (Pipestone Energy or the Company) announces that it is cancelling the annual and special meeting of shareholders scheduled for June 30, 2020.

Key Points: 
  • CALGARY, Alberta, May 25, 2020 (GLOBE NEWSWIRE) -- (PIPE TSX-V) Pipestone Energy Corp. (Pipestone Energy or the Company) announces that it is cancelling the annual and special meeting of shareholders scheduled for June 30, 2020.
  • Once the situation in Alberta has improved such that an in-person meeting can be held in a manner that is safe for the participants, Pipestone Energy will reschedule and hold an annual and special meeting of shareholders.
  • Pipestone Energy Corp. is an oil and gas exploration and production company with its head office located in Calgary, Alberta.
  • Pipestone Energy is committed to building long term value for our shareholders and values the partnerships that it is developing within its operating community.

Pipestone Energy Corp. Reports First Quarter 2020 Results and Provides an Operations Update

Wednesday, May 13, 2020 - 12:00pm

However, in response to the current commodity price weakness, Pipestone Energy has halted its 2020 capital spending program and is now also suspending forward 2020 production guidance.

Key Points: 
  • However, in response to the current commodity price weakness, Pipestone Energy has halted its 2020 capital spending program and is now also suspending forward 2020 production guidance.
  • Pipestone Energy continued to execute and improve on its drilling, completion, and equip & tie in costs through its 2020 capital program.
  • The Company continues to engage with community residents who remain supportive of Pipestone Energy and its operations.
  • Pipestone Energy Corp. is an oil and gas exploration and production company with its head office located in Calgary, Alberta.

PIPESTONE ENERGY CORP. ANNOUNCES UNPLANNED OUTAGE AT THE KEYERA WAPITI GAS PLANT

Friday, March 20, 2020 - 11:00am

This news release contains certain information and statements (forward-looking statements) that constitute forward-looking information within the meaning of applicable Canadian securities laws.

Key Points: 
  • This news release contains certain information and statements (forward-looking statements) that constitute forward-looking information within the meaning of applicable Canadian securities laws.
  • All statements other than statements of current or historical fact constitute forward-looking statements.
  • In particular, but without limiting the foregoing, this news release contains forward-looking statements pertaining to: timing for resumption of operations of the Keyera Plant; reaffirmation of Pipestone Energys 2020 annual guidance released on March 12, 2020; and production volumes forecasted to flow into the Tidewater Pipestone Gas Plant.
  • Additional risks, uncertainties and other factors are discussed in Pipestone Energys Annual Information Form dated December 31, 2019, a copy of which is available electronically on Pipestone Energys SEDAR at www.sedar.com.

PIPESTONE ENERGY CORP. ANNOUNCES 2019 ANNUAL FILINGS AND APPROVAL OF LONG-TERM INCENTIVE AWARDS TO DIRECTORS AND MANAGEMENT

Tuesday, March 17, 2020 - 10:37pm

It is expected the above noted RSUs and PSUs will be issued on or about March 20, 2020.

Key Points: 
  • It is expected the above noted RSUs and PSUs will be issued on or about March 20, 2020.
  • Pipestone Energy Corp. is an oil and gas exploration and production company with its head office located in Calgary, Alberta.
  • The company is focused on developing its pure-play condensate-rich Montney asset in the Pipestone area near Grande Prairie, Alberta.
  • Pipestone Energy is committed to building long term value for our shareholders and values the partnerships that it is developing within its operating community.