Alle Storys
Folgen
Keine Story von BNK Petroleum Inc. mehr verpassen.

BNK Petroleum Inc.

BNK Petroleum Inc. Appoints New Director and Announces Credit Facility Reaffirmation

California (ots/PRNewswire)

BNK Petroleum Inc. (the "Company") (TSX: BKX) is pleased to announce that David Neuhauser has been appointed as a new director of the Company.

Mr. Neuhauser is Founder and Managing Director of Livermore Partners based in the Chicago suburb of Northbrook, Illinois. Livermore Partners LLC is a private investment firm serving institutions, high-net worth individuals and private equity sponsors. David has extensive experience in capital markets and M&A activity and has over 20 years of experience in strategic investments including Oil & Gas. Prior to founding Livermore, Mr. Neuhauser was founder and President of Loren Holdings Incorporated, a company focused on strategic investments across a broad group of industries. Mr. Neuhauser was a longtime member of the CME Group (NYSE:CME) as well as the National Futures Association. He received his B.A. with concentrations in Economics from Northeastern Illinois University and has conducted Graduate studies in Economics and Sociology from Roosevelt University of Chicago. Mr. Neuhauser is a current Board member of TSX Venture Exchange listed Mitra Energy Inc.

Ford Nicholson, Chairman of the Board, commented: "We are very pleased to have someone with David's wealth of experience and expertise join our team. We believe that David will bring a tremendous benefit to our Company and its shareholders, which started with the support that David brought to our recently announced financing through the participation of Livermore Partners. We welcome David to our Board of Directors."

The Company also announces that the existing lenders have reaffirmed their commitment amount under the Company's credit facility at US$24,400,000 pursuant to the semi-annual review and redetermination of the borrowing base. The other terms of the US$100,000,000 facility remain the same. The Company currently has US$20,500,000 outstanding under the facility.

About BNK Petroleum Inc.

BNK Petroleum Inc. is an international oil and gas exploration and production company focused on finding and exploiting large, predominately unconventional oil and gas resource plays. Through various affiliates and subsidiaries, the Company owns and operates shale oil and gas properties and concessions in the United States. Additionally the Company is utilizing its technical and operational expertise to identify and acquire additional unconventional projects. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol BKX.

Wolf E. Regener, +1 (805) 484-3613, Email: investorrelations@bnkpetroleum.com, Website: http://www.bnkpetroleum.com

Weitere Storys: BNK Petroleum Inc.
Weitere Storys: BNK Petroleum Inc.
  • 28.10.2016 – 16:30

    BNK Petroleum Inc. Announces Completion of C$14.0 Million Financing

    Camarillo, California (ots/PRNewswire) - BNK Petroleum Inc. (the "Company") (TSX: BKX) is pleased to announce the completion of its previously announced short form prospectus offering (the "Offering") of common shares of the Company (the "Shares") through a syndicate of agents co-led by GMP FirstEnergy and Haywood Securities Inc. and including Macquarie Capital Markets ...

  • 21.10.2016 – 13:53

    BNK Petroleum Inc. Announces Increase to Financing from C$11.0 Million to C$14.0 Million

    CAMARILLO, USA (ots) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES BNK Petroleum Inc. (the "Company") (TSX: BKX) is pleased to announce that, in connection with its previously announced short form prospectus offering of common shares of the Company (the "Shares"), on a "commercially reasonable efforts" basis, at a ...

  • 12.08.2016 – 08:00

    BNK Petroleum Inc. Announces 2nd Quarter 2016 Results

    Camarillo, California (ots/PRNewswire) - All amounts are in U.S. Dollars unless otherwise indicated: SECOND QUARTER HIGHLIGHTS: - Operating cash flow from continuing operations was $1.6 million for the second quarter of 2016 compared to $1.9 million in the second quarter of 2015 - General & administrative expenses decreased by 29% compared to the prior year quarter as the Company continues its cost cutting efforts ...