Forza Petroleum Limited News Releases

Forza Petroleum and Zeg Oil & Gas Ltd. Announce Completion of Going Private Transaction

Thu, 22 Feb 2024 14:00:00 -0500

Calgary, Alberta--(Newsfile Corp. - February 22, 2024) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") and Zeg Oil and Gas Ltd. ("Zeg Oil") today announced the completion of the transactions contemplated by the previously announced statutory plan of arrangement under section 192 of the Canada Business Corporations Act (the "Arrangement") involving Forza Petroleum, Zeg Oil and a wholly-owned subsidiary of Zeg Oil (the "Purchaser"). Pursuant to the Arrangement, the...

Forza Petroleum Announces Special Meeting Results

Tue, 13 Feb 2024 10:38:00 -0500

Calgary, Alberta--(Newsfile Corp. - February 13, 2024) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announces that at the special meeting of the Corporation's securityholders (the "Meeting") held on February 12, 2024, the shareholders of the Corporation (the "Shareholders") and the holders of share awards outstanding under the long-term equity incentive plan of the Corporation (the "Award Holders" and, together with the Shareholders, the "Securityholders")...

Forza Petroleum Announces Going Private Transaction

Mon, 11 Dec 2023 06:00:00 -0500

Consideration of CAD 0.15 per common share delivers 36% premium, and provides immediate and certain cash value to minority shareholders Calgary, Alberta--(Newsfile Corp. - December 11, 2023) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announced that it has entered into an arrangement agreement (the "Agreement") with Zeg Oil and Gas Ltd. ("Zeg Oil") and a newly formed wholly-owned subsidiary of Zeg Oil (the "Purchaser") pursuant to which the Purchaser has...

Forza Petroleum Q3 2023 Financial and Operational Results and 2024 Capital Budget

Tue, 07 Nov 2023 17:40:00 -0500

Through local oil sales and targeted cost cutting, Forza Petroleum is preserving liquidity while it awaits a re-opening of the Kurdistan Oil Export Pipeline Calgary, Alberta--(Newsfile Corp. - November 7, 2023) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announces its financial and operational results for the three and nine months ended September 30, 2023. All dollar amounts set forth in this news release are in United States dollars.Financial...

Forza Petroleum Q2 2023 Financial and Operational Results

Tue, 25 Jul 2023 17:30:00 -0400

Results significantly impacted by the continuing shutdown of the Kurdistan Oil Export Pipeline; production operations partially restarted in July to support local oil sales Calgary, Alberta--(Newsfile Corp. - July 25, 2023) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announces its financial and operational results for the three and six months ended June 30, 2023. All dollar amounts set forth in this news release are in United States dollars.Financial...

Forza Petroleum Announces Election of Directors

Tue, 27 Jun 2023 15:39:00 -0400

Calgary, Alberta--(Newsfile Corp. - June 27, 2023) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announces that the nominees listed in its Management Proxy Circular dated May 15, 2023 were elected as directors of Forza Petroleum. Detailed results of the vote for the election of directors held earlier today at Forza Petroleum's Annual and Special Meeting of Shareholders are set out below.Each of the following four nominees proposed by management was elected...

Forza Petroleum Q1 2023 Financial and Operational Results

Tue, 09 May 2023 17:26:00 -0400

Operations remain mostly suspended pending restart of the Kurdistan Oil Export Pipeline Calgary, Alberta--(Newsfile Corp. - May 9, 2023) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announces its financial and operational results for the three months ended March 31, 2023. All dollar amounts set forth in this news release are in United States dollars.Financial HighlightsRevenue of $47.8 million for Q1 2023, consisting of an average realized sales price of...

Forza Petroleum Announces Suspension of Production

Mon, 27 Mar 2023 07:06:00 -0400

Calgary, Alberta--(Newsfile Corp. - March 27, 2023) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") announces that the operator of the Kurdistan Oil Export Pipeline has notified OP Hawler Kurdistan Limited, the Corporation's operating subsidiary in the Kurdistan Region of Iraq, of a shutdown of the pipeline. The shutdown relates to a recent arbitration decision of the International Chamber of Commerce impacting exports by the Kurdistan Regional Government through...

Forza Petroleum 2022 Financial and Operational Results

Thu, 16 Mar 2023 18:00:00 -0400

Forza Petroleum posts another record year, increasing annual revenue 172% to $323.8 million, driven by increased production and improved oil prices Calgary, Alberta--(Newsfile Corp. - March 16, 2023) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announces its financial and operational results for the year ended December 31, 2022. All dollar amounts in this news release are in United States dollars.2022 Financial Highlights:Revenue of $323.8 million,...

Forza Petroleum Announces Its Year-End 2022 Reserves and Resources

Mon, 13 Mar 2023 08:17:00 -0400

Calgary, Alberta--(Newsfile Corp. - March 13, 2023) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announced its oil reserves and resources as at December 31, 2022 as evaluated by Netherland, Sewell & Associates, Inc. ("NSAI"), an independent oil and gas consulting firm, and as set forth in a report prepared by NSAI in accordance with National Instrument 51-101 (the "2022 NSAI Report"). The reserves and resources disclosure coincides with the filing on SEDAR...