Lycos Energy Inc. News Releases

Lycos Energy Inc. Announces 2025 Results

Wed, 08 Apr 2026 18:34:00 -0400

Calgary, Alberta--(Newsfile Corp. - April 8, 2026) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce its operating and financial results for the three months and year ended December 31, 2025. Selected financial and operating information is outlined below and should be read with Lycos' audited annual consolidated financial statements, related management's discussion and analysis ("MD&A") for the three months and year ended December 31, 2025, and annual information...

Lycos Energy Inc. Announces Closing of Business Combination with Mahikan Oil Corp. and Equity Financing

Mon, 30 Mar 2026 16:02:00 -0400

Calgary, Alberta--(Newsfile Corp. - March 30, 2026) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce the successful closing today of its previously announced strategic business combination with Mahikan Oil Corporation ("Mahikan") (the "Transaction") and fully-subscribed equity financing (the "Offering").Closing of Strategic Business CombinationLycos has acquired all the issued and outstanding common shares of Mahikan in an all-share transaction.Under the terms of...

Lycos Energy Inc. Announces Strategic Business Combination with Mahikan Oil Corporation and $30.0 Million Equity Offering

Fri, 06 Mar 2026 14:48:00 -0500

Calgary, Alberta--(Newsfile Corp. - March 6, 2026) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce that it has entered into a definitive agreement (the "Agreement") on March 6, 2026 with Mahikan Oil Corporation ("Mahikan"), a privately-held, arm's length, heavy oil producer, to complete a strategic business combination in an all-share transaction (the "Combination"). Lycos is also pleased to announce a concurrent equity financing to be offered on a non-brokered...

Lycos Energy Inc. Announces 2025 Reserves

Thu, 26 Feb 2026 19:28:00 -0500

Calgary, Alberta--(Newsfile Corp. - February 26, 2026) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to provide the results of its independent reserves evaluation as at December 31, 2025, prepared by McDaniel & Associates Consultants Ltd. ("McDaniel").2025 Overview – Portfolio Rationalization YearDuring 2025, Lycos executed a strategic monetization of certain heavy oil assets, while retaining its legacy heavy oil properties. The Company completed multiple asset...

Lycos Energy Inc. Announces Retirement of Kel Johnston from Board

Thu, 18 Dec 2025 07:00:00 -0500

Calgary, Alberta--(Newsfile Corp. - December 18, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") announces that Mr. Kel Johnston will retire from his role as a director on the Company's Board of Directors, effective December 31, 2025.Mr. Johnston has served on the Board since 2018 under the Company's predecessor, Chronos Resources Ltd., and continued his service through the Company's transition to Lycos. The Board and management would like to thank Mr. Johnston for his many...

Lycos Energy Inc. Announces Third Quarter Financial Results and Operations Update

Tue, 18 Nov 2025 18:28:00 -0500

Calgary, Alberta--(Newsfile Corp. - November 18, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce its operating and financial results for the three and nine months ended September 30, 2025. Selected financial and operating information is outlined below and should be read with Lycos' unaudited condensed interim consolidated financial statements and related management's discussion and analysis ("MD&A") for the three and nine months ended September 30, 2025....

Lycos Energy Inc. Declares Cash Distribution to Shareholders

Thu, 13 Nov 2025 18:18:00 -0500

Calgary, Alberta--(Newsfile Corp. - November 13, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce that at its special meeting (the "Meeting") of shareholders (the "Shareholders") held earlier today, Shareholders approved a special resolution authorizing a reduction of the stated capital account maintained in respect of the Company's common shares ("Common Shares") by $47.9 million (the "Reduction of Stated Capital") to enable the Company to make a return of...

Lycos Energy Inc. Announces the Completion of Previously Announced $60.0 Million Asset Sale

Wed, 15 Oct 2025 16:17:00 -0400

Calgary, Alberta--(Newsfile Corp. - October 15, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce that it has successfully closed the previously announced sale of certain assets (the "Asset Sale") in the Lindbergh, Moose Lake and Fishing Lake areas of Alberta (the "Assets") to an arm's length purchaser for cash consideration of $60.0 million, subject to customary closing adjustments as provided for in the purchase and sale agreement dated October 7, 2025.The...

Lycos Energy Inc. Announces $60.0 Million Asset Sale, Distribution of Proceeds to Shareholders and Normal Course Issuer Bid

Wed, 08 Oct 2025 07:00:00 -0400

Calgary, Alberta--(Newsfile Corp. - October 8, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce that it has entered into a definitive purchase and sale agreement (the "Agreement") dated October 7, 2025, with an arm's length purchaser to divest of certain assets in the Lindbergh, Moose Lake and Fishing Lake areas of Alberta (the "Assets") for cash consideration of $60.0 million, subject to customary closing adjustments as provided for in the Agreement (the...

Lycos Energy Inc. Announces Resumption of Drilling Operations and Participation at Peters & Co. Limited Annual Fall Energy Conference

Mon, 08 Sep 2025 07:00:00 -0400

Calgary, Alberta--(Newsfile Corp. - September 8, 2025) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce that it is scheduled to attend and present at the Peters & Co. Limited 29th Annual Energy Conference in Toronto, Ontario from September 9th - 11th, 2025, as well as the resumption of drilling operations. An updated corporate presentation has been posted to the Company's website at www.lycosenergy.com.Operations UpdateLycos is excited to confirm the resumption...