BELLATRIX EXPLORATION LTD.

Bellatrix Announces Plans For Future Filing Of Continuous Disclosure Documents

Retrieved on: 
Tuesday, June 16, 2020
Companies, PricewaterhouseCoopers, Service companies, Business organizations, SEC filings

Management of the Company has determined that it will not make any future filings pursuant to its continuous disclosure obligations under applicable securities laws.

Key Points: 
  • Management of the Company has determined that it will not make any future filings pursuant to its continuous disclosure obligations under applicable securities laws.
  • In addition, the Company is announcing that the majority of the members of its Board of Directors has resigned effective today.
  • The Company does not intend to make any further public announcements regarding the winding up of the business nor the CCAA Proceedings.
  • Information regarding the CCAA Proceedings will continue to be made available on the website of PwC at http://www.pwc.com/ca/bellatrix .

Bellatrix Announces Filing of Year End 2019 Financial and Operating Results and Timing of Release of Annual Reserves Disclosure

Retrieved on: 
Friday, April 24, 2020
Drug culture, Financial markets, Drug policy of Canada, Drug rehabilitation, Insite, Canadian Securities Administrators, Issuer, SEC filings

In addition, Bellatrix announces the results of its year end independent evaluation of its reserves.

Key Points: 
  • In addition, Bellatrix announces the results of its year end independent evaluation of its reserves.
  • InSite Petroleum Consultants Ltd. ("InSite") independently evaluated the reserves associated with 100% of Bellatrix's oil and gas properties as at December 31, 2019 (the "InSite Report").
  • As a result of the COVID-19 pandemic, the Canadian Securities Administrators have extended the deadline for filing certain continuous disclosure documents by reporting issuers.
  • Bellatrix plans to utilize this additional time in completing and filing its required year-end annual reserves filings.

Bellatrix Announces Sale Transaction in Connection with its Strategic Process

Retrieved on: 
Thursday, April 23, 2020
Data management, Transaction processing, Database transaction, Transaction, Waivers

The Transaction is the result of the Companys previously announced Court-approved sale and investment solicitation process (the Strategic Process) in its CCAA proceedings.

Key Points: 
  • The Transaction is the result of the Companys previously announced Court-approved sale and investment solicitation process (the Strategic Process) in its CCAA proceedings.
  • Subject to Court approval of the Transaction, applicable regulatory approvals and the satisfaction or waiver of the other conditions to the Transaction, the Company expects to implement the Transaction by the end of June 2020.
  • Goodmans LLP is acting as legal counsel to Bellatrix in connection with the Strategic Process and the CCAA proceedings, and BMO Capital Markets is the Companys financial advisor.
  • More particularly and without limitation, this news release contains forward-looking statements concerning: the Transaction; Court approval of the Transaction; and implementation of the Transaction and the timing thereof.

Bellatrix Announces Filing of Third Quarter 2019 Financial and Operating Results and Delisting From Toronto Stock Exchange

Retrieved on: 
Thursday, November 14, 2019
Economy of Canada, System for Electronic Document Analysis and Retrieval

CALGARY, Alberta, Nov. 13, 2019 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (Bellatrix or the Company) announces that it has filed its interim financial statements and related managements discussion and analysis for the three and nine months ended September 30, 2019 with the Canadian securities regulatory authorities on SEDAR.

Key Points: 
  • CALGARY, Alberta, Nov. 13, 2019 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (Bellatrix or the Company) announces that it has filed its interim financial statements and related managements discussion and analysis for the three and nine months ended September 30, 2019 with the Canadian securities regulatory authorities on SEDAR.
  • Bellatrix also announces that on November 8, 2019, the Toronto Stock Exchange delisted the common shares of Bellatrix as a result of the Companys initiation of creditor protection proceedings, as previously announced on October 2, 2019.
  • Materials publicly filed in the creditor protection proceedings are available at http://www.pwc.com/ca/bellatrix .
  • Bellatrix Exploration Ltd. is a Western Canadian based oil and gas company engaged in the exploration for, and the acquisition, development and production of oil and natural gas reserves, with highly concentrated operations in west central Alberta, principally focused on development of the Spirit River liquids rich natural gas play.

Bellatrix Announces Strategic Process and a Court-Supervised Restructuring Proceeding

Retrieved on: 
Wednesday, October 2, 2019

CALGARY, Alberta, Oct. 02, 2019 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (Bellatrix or the Company) (TSX: BXE) announces the commencement of a sale and investment solicitation process (the Strategic Process) to identify and pursue potential strategic options and alternatives with respect to Bellatrix to maximize value for the benefit of the Companys stakeholders.

Key Points: 
  • CALGARY, Alberta, Oct. 02, 2019 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (Bellatrix or the Company) (TSX: BXE) announces the commencement of a sale and investment solicitation process (the Strategic Process) to identify and pursue potential strategic options and alternatives with respect to Bellatrix to maximize value for the benefit of the Companys stakeholders.
  • The Interim Financing provides the Company with additional funding to support its ongoing operations without disruption while Bellatrix pursues the Strategic Process.
  • Materials publicly filed in the CCAA proceedings, including copies of the Initial Order and the Strategic Process, will be made available on the Monitors website at http://www.pwc.com/ca/bellatrix.
  • More particularly and without limitation, this news release contains forward-looking statements concerning: the implementation of the Strategic Process and its potential impact and outcomes; the process for implementing the Strategic Process; the ability to identify and implement any sale or other restructuring in connection with the Strategic Process and the CCAA proceedings; the Companys intended actions during the CCAA proceedings; and the effect of the CCAA proceedings.

Bellatrix Announces Executive Management Changes

Retrieved on: 
Wednesday, August 21, 2019
Lluís Companys, Government of Spain, Spanish politicians, Government

CALGARY, Alberta, Aug. 21, 2019 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (Bellatrix or the Company) (TSX: BXE) announces that Mr. Maxwell Lof will be resigning from his position as the Companys Executive Vice President & Chief Financial Officer, effective August 31, 2019, to focus on ongoing health issues.

Key Points: 
  • CALGARY, Alberta, Aug. 21, 2019 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (Bellatrix or the Company) (TSX: BXE) announces that Mr. Maxwell Lof will be resigning from his position as the Companys Executive Vice President & Chief Financial Officer, effective August 31, 2019, to focus on ongoing health issues.
  • Bellatrix also announces the hiring and appointment of Mr. Shane Abel as the Companys new Executive Vice President & Chief Financial Officer, effective September 1, 2019.
  • Brent Eshleman, the Companys President & Chief Executive Officer, commented while we are sad to see Max leave us, we support him in his decision and wish him good health.
  • We are very pleased to add Shane to the executive management team, and believe that his background and experience will be a great addition for Bellatrix.

Bellatrix Exploration Ltd. Announces Second Quarter 2019 Financial and Operating Results

Retrieved on: 
Wednesday, August 7, 2019
Economy, Accounting, Fundamental analysis, Expense, Business, Intellectual property law, Patent law, Royalty payment, Operating cash flow, Revenue, Cash flow

A conference call to discuss Bellatrix's second quarter results will be held on August 8, 2019 at 9:00 am MT / 11:00 am ET.

Key Points: 
  • A conference call to discuss Bellatrix's second quarter results will be held on August 8, 2019 at 9:00 am MT / 11:00 am ET.
  • Operating netbacks are calculated by subtracting royalties, transportation, and operating expenses from total revenue.
  • Management believes this measure is a useful supplemental measure of the amount of total revenue received after transportation, royalties and operating expenses.
  • The reconciliation between cash flow from operating activities and adjusted funds flow can be found in the MD&A.