XOP

SilverBow Resources Successfully Executing Strategic Priorities to Drive Shareholder Value

Retrieved on: 
Monday, April 29, 2024
Oil, Gas, Energy, INDEPENDENT, Annual general meeting, KTG, CARD, Acquisition, XOP, ALL, Letter, Management

The full text of the letter follows:

Key Points: 
  • The full text of the letter follows:
    SilverBow Resources’ Board and management team remain laser-focused on positioning the business to continue driving value for ALL shareholders.
  • SilverBow Has a Strong Track Record of Outperformance: Since 2021, our total shareholder return is 503%, compared to 193% for the XOP E&P Index.
  • The SilverBow Board previously rejected the proposal, determining that it was NOT in the best interests of SilverBow shareholders.
  • We strongly believe appointing Kimmeridge’s nominees to the Board would jeopardize SilverBow’s proven strategy and business plan and ultimately diminish shareholder value.

SilverBow Resources Announces Filing of Definitive Proxy Statement and Mails Letter to Shareholders

Retrieved on: 
Tuesday, April 9, 2024
Professional Services, Finance, TSR, Letter, Risk management, ALL, Annual general meeting, History, Strategic planning, Acquisition, XOP, Eagle Ford, Dallas, KTG, Chevron Corporation, Audit committee, Management

In conjunction with the definitive proxy filing, the Company has mailed a letter to SilverBow shareholders recommending they vote for SilverBow’s three independent, highly qualified directors on the WHITE proxy card – Gabriel L. Ellisor, Kathleen McAllister and Charles W. Wampler.

Key Points: 
  • In conjunction with the definitive proxy filing, the Company has mailed a letter to SilverBow shareholders recommending they vote for SilverBow’s three independent, highly qualified directors on the WHITE proxy card – Gabriel L. Ellisor, Kathleen McAllister and Charles W. Wampler.
  • Kimmeridge is pursuing a proxy fight to further its attempt to gain control of the Company and force a combination between SilverBow and KTG on terms that are unfavorable to SilverBow shareholders.
  • The full text of the letter follows:
    The SilverBow Resources, Inc. (“SilverBow” or the “Company”) Board of Directors (the “Board”) and management team are committed to maximizing shareholder value.
  • Since early 2023, SilverBow has added four new independent directors to our Board, while significantly increasing the Board’s diversity.

COPL Announces Initial CCAA Order Issued

Retrieved on: 
Monday, March 11, 2024
Indian stock exchange, COPL, AB, Financial services, London Stock Exchange, Sale, News, CCAA, Public expenditure, XOP, United States bankruptcy court, Bankruptcy, Court, Petroleum

LONDON and CALGARY, AB, March 11, 2024 /CNW/ - Canadian Overseas Petroleum Limited ("COPL" or the "Company") (XOP: CSE) & (COPL: LSE)  announced that the previously disclosed initial order (the "Initial Order") has been issued by the Alberta Court of King's Bench (the "Court") pursuant to the Companies' Creditors Arrangement Act ("CCAA").

Key Points: 
  • LONDON and CALGARY, AB, March 11, 2024 /CNW/ - Canadian Overseas Petroleum Limited ("COPL" or the "Company") (XOP: CSE) & (COPL: LSE)  announced that the previously disclosed initial order (the "Initial Order") has been issued by the Alberta Court of King's Bench (the "Court") pursuant to the Companies' Creditors Arrangement Act ("CCAA").
  • In that regard, COPL intends to seek Court approval to launch the SISP on or around March 18, 2024.
  • Details in respect of the CCAA proceedings will be made available on the following website at www.ksvadvisory.com/experience/case/canadian-overseas-petroleum .
  • The Company intends to seek recognition of the CCAA proceedings in the United States Bankruptcy Court for the district of Delaware.

COPL Announces CCAA Application and Suspension of Trading in the Company's Shares

Retrieved on: 
Monday, March 11, 2024
Province, COPL, AB, London Stock Exchange, LLP, CCAA, DIP, XOP, Security (finance)

The Initial Order would provide for, among other things, a stay of proceedings in favour of the COPL Group, approval of debtor-in-possession financing ("DIP Financing") and the appointment of KSV Restructuring Inc. to serve as monitor of the COPL Group (in such capacity, the "Monitor").

Key Points: 
  • The Initial Order would provide for, among other things, a stay of proceedings in favour of the COPL Group, approval of debtor-in-possession financing ("DIP Financing") and the appointment of KSV Restructuring Inc. to serve as monitor of the COPL Group (in such capacity, the "Monitor").
  • In light of the application for the Initial Order, the Company has requested a suspension of trading in the Company's common shares on both the London Stock Exchange and the Canadian Securities Exchange with immediate effect.
  • The COPL Group will continue its day-to-day operations as usual and intends to continue paying its critical suppliers in the ordinary course during the CCAA proceedings.
  • As previously announced, Peter Kravitz of Province Fiduciary Services is serving as COPL's Chief Restructuring Officer.

COPL Announces CFO Departure

Retrieved on: 
Friday, February 9, 2024
AB, COPL, XOP

LONDON and CALGARY, AB, Feb. 9, 2024 /CNW/ - Canadian Overseas Petroleum Limited ("COPL" or the "Company") (CSE: XOP) & (LSE: COPL), an international oil and gas exploration, production and development company with production and development operations focused in Converse and Natrona Counties, Wyoming, USA, announces that Ryan Gaffney has stepped down as the Chief Financial Officer of the Company.

Key Points: 
  • LONDON and CALGARY, AB, Feb. 9, 2024 /CNW/ - Canadian Overseas Petroleum Limited ("COPL" or the "Company") (CSE: XOP) & (LSE: COPL), an international oil and gas exploration, production and development company with production and development operations focused in Converse and Natrona Counties, Wyoming, USA, announces that Ryan Gaffney has stepped down as the Chief Financial Officer of the Company.
  • The board of directors of the Company will be considering a process to identify qualified candidates to fill the position of Chief Financial Officer of the Company amidst ongoing restructuring discussions.
  • While those discussions take place the Company is being supported by Province, LLC through the provision of a variety of financial advisory and operational services.

COPL Announces US$2.5 Million Equity Financing, Execution of Forbearance Agreement with Senior Lender and Appointment of Chief Restructuring Officer

Retrieved on: 
Friday, December 29, 2023
AB, Funding, Sale, Indian stock exchange, NGL, Financial Conduct Authority, COPL, XOP, Province, Treasury, Subscription business model, Forbearance, Minority, Parity, Exercise, Security (finance)

Other terms of the Financing include:

Key Points: 
  • Other terms of the Financing include:
    Completion of the Financing is expected by January 15, 2024 and is intended to be used for working capital purposes.
  • The conversion price of the Bonds will be amended to the Subscription Price per conversion share.
  • The Company will appoint one additional independent non-executive director to be nominated by the Purchaser by no later than 31 March 2024.
  • In concert with the Financing, COPL and its affiliates entered into a Forbearance Agreement with its existing Senior Credit Facility Lender and appointed Peter Kravitz of Province Fiduciary Services as Chief Restructuring Officer.

COPL Announces CEO Resignation

Retrieved on: 
Friday, December 22, 2023
COPL, AB, XOP

LONDON and CALGARY, AB, Dec. 22, 2023 /CNW/ - Canadian Overseas Petroleum Limited ("COPL" or the "Company") (CSE: XOP) & (LSE: COPL), an international oil and gas exploration, production and development company with production and development operations focused in Converse and Natrona Counties, Wyoming, USA, announces that John Cowan has resigned as the Chief Executive Officer of the Company but will remain on the board of directors of the Company for the time being while a replacement is found.

Key Points: 
  • LONDON and CALGARY, AB, Dec. 22, 2023 /CNW/ - Canadian Overseas Petroleum Limited ("COPL" or the "Company") (CSE: XOP) & (LSE: COPL), an international oil and gas exploration, production and development company with production and development operations focused in Converse and Natrona Counties, Wyoming, USA, announces that John Cowan has resigned as the Chief Executive Officer of the Company but will remain on the board of directors of the Company for the time being while a replacement is found.

Matador Resources Company Reports Third Quarter 2023 Results and Increases Fourth Quarter Production Guidance

Retrieved on: 
Tuesday, October 24, 2023
Oil, Gas, Natural Resources, Energy, Mining, Minerals, Other Energy, Delaware Basin, Weather, BOE, NYSE, History, Public expenditure, GAAP, Acquisition, Bureau of Land Management, Maintenance, Bureau, Chase Bank, North Thames Gas Board, JPMorgan Chase, Horseshoe, XOP, Bullfighter, Evacuation slide, Natural gas, Video game, Petroleum, Wolf

Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today reported financial and operating results for the third quarter of 2023.

Key Points: 
  • Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today reported financial and operating results for the third quarter of 2023.
  • This record total production for the third quarter of 2023 was 3% better sequentially than our former total production record of 130,683 BOE per day in the second quarter of 2023.
  • We anticipate achieving the mid-to-high end of our full-year 2023 guidance range for total oil and natural gas equivalent production, oil production and natural gas production.
  • Effective October 24, 2023, Matador anticipates achieving the mid-to-high end of its full-year 2023 guidance range for total oil and natural gas equivalent production, oil production and natural gas production.

Widespread Adoption of Cloud Computing and Modern Development Technologies Will Have a Dramatic Impact on the Composition of IT Teams, According to IDC

Retrieved on: 
Monday, June 5, 2023
Mobile, Wireless, Technology, Security, Consulting, Professional Services, Software, Networks, Internet, Hardware, Data Management, IDC, Software development, Maintenance, Data management, DataOps, MLOps, Computer, ML, Doc, XOP, Cloud computing, Organization, Data center management, Machine learning, Engineering, SRE, Artificial intelligence, Growth, International Data Group, Automation, Video game, Asset management, DevOps

"The census data shows that a dramatic, once-in-a-generation shift in the composition of the IT workforce is underway.

Key Points: 
  • "The census data shows that a dramatic, once-in-a-generation shift in the composition of the IT workforce is underway.
  • "The increased adoption of cloud computing is driving similar transitions today in IT teams supporting this modern deployment model."
  • DevSecOps uses a methodology that asserts that security needs to be prioritized at the beginning of the DevOps delivery pipeline.
  • The report, Worldwide xOps Census and Forecast, 2022–2027 (Doc #US50627023), introduces IDC's xOps census and forecast data for the first time.

Next-Gen InfraOps Will Enable Automated Efficiency and Enhanced Governance, Says Info-Tech Research Group

Retrieved on: 
Friday, March 17, 2023
DevOps, Telemetry, IT infrastructure, CI, Computer, Generator, Research, Automation, XOP, Organization, HCI, Friction, Workload, Architecture, Infrastructure as code, Management, Sales, Manufacturing, Information technology, Orchestration, Agile

To make sense of this spectrum, InfraOps, which has a focus on automating and managing infrastructure, was introduced as a subset of DevOps.

Key Points: 
  • To make sense of this spectrum, InfraOps, which has a focus on automating and managing infrastructure, was introduced as a subset of DevOps.
  • To help IT leaders make sense of this broad spectrum of xOps, global research and advisory firm Info-Tech Research Group has published its latest blueprint, Next-Generation InfraOps .
  • The new research explains that all xOps methodologies and approaches serve the same purpose; to increase effectiveness through automation and improve governance through visibility.
  • For more information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and Twitter .