Blacksteel Energy Inc. Announces Additional Amendment to Agreement for the Sale of Girouxville Assets and Shareholder Support Agreements
Calgary, Alberta--(Newsfile Corp. - June 11, 2025) - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is pleased to announce that further to its press releases dated March 3, 2025 and May 9, 2025 outlining the sale by the Corporation and its 100% subsidiary Drakkar Energy Ltd. ("Drakkar") of all of its oil producing assets in the Girouxville Area to Perthro (Canada) Inc. ("Perthro") (the "Proposed Transaction"), the parties have agreed to a second amending agreement dated June 10, 2025 (the...
2025-06-11 9:55 AM EDT
Blacksteel Energy Inc. Announces Amendment to Agreement for the Sale of Girouxville Assets
Calgary, Alberta--(Newsfile Corp. - May 9, 2025) - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is pleased to announce that further to its press release dated March 3, 2025 outlining the sale by the Corporation and its 100% subsidiary Drakkar Energy Ltd. ("Drakkar") of all of its oil producing assets in the Girouxville Area to Perthro (Canada) Inc. ("Perthro") (the "Proposed Transaction"), the parties have agreed to amend the consideration paid by Perthro to Blacksteel under the Proposed Transaction.Under the...
2025-05-09 2:19 PM EDT
Blacksteel Energy Inc. Responds to Concerned Shareholders
Calgary, Alberta--(Newsfile Corp. - April 16, 2025) - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") announces that, further to a news release issued on March 21, 2025 (the "Dissident Shareholder News Release") by a group of shareholders (the "Dissident Shareholder Group") requisitioning a special shareholders' meeting to replace the Corporation's current board of directors, it would like to provide clarification on several misstatements and inaccuracies in the Dissident Shareholder News Release along with an update to the Corporation's situation.Key HighlightsDissident...
2025-04-16 3:59 PM EDT
Blacksteel Energy Inc. Announces April 30, 2024, Reserves Update
Calgary, Alberta--(Newsfile Corp. - April 9, 2025) - Blacksteel Energy Inc. ("Blacksteel" or the "Company") announces that it has filed its independent reserves report for the year ended April 30, 2024.GLJ Ltd. ("GLJ") conducted an independent reserves evaluation and prepared the Company's reserve report (the "Reserve Report") dated March 31, 2025, effective April 30, 2024, in accordance with National Instrument 51-101 standards and the requirements of the Society of Petroleum Evaluation Engineers (SPEE) and the Canadian Oil and Gas Evaluation...
2025-04-09 5:19 PM EDT
Blacksteel Energy Inc. Announces Agreement for the Sale of Girouxville Assets
Calgary, Alberta--(Newsfile Corp. - March 4, 2025) - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") announces that Blacksteel Energy Inc. and its 100% subsidiary Drakkar Energy Ltd. has signed an Agreement for Purchase and Sale ("APS") dated March 3, 2025, between Perthro (Canada) Inc. ("Perthro") ("Buyer") pursuant to which Blacksteel has agreed to sell all of its oil producing assets in the Girouxville Area ("Assets") to Perthro for a base purchase price of $2.6 million (the "Transaction"), subject to certain...
2025-03-04 4:19 PM EST
Blacksteel Energy Inc. Announces April 30, 2023, Annual Financial Statements and Management Discussion and Analysis
Calgary, Alberta--(Newsfile Corp. - November 12, 2024) - Blacksteel Energy Inc. ("Blacksteel" or "Corporation") announces the filing of its April 2023 audited financial statements and management discussion and analysis for the year ended April 30, 2023.2023 AND FOURTH QUARTER 2023 HIGHLIGHTSHighlights from 2023 and the fourth quarter of 2023 are as follows:Generated a profit (loss) and other comprehensive income of $ 3,033,780 ($0.04) per basic and fully diluted share) for the three months ended April 30, 2023, and $1,962,468 ($0.03) per...
2024-11-12 6:31 PM EST
Blacksteel Energy Inc. Announces Farmout and Royalty Agreement
Calgary, Alberta--(Newsfile Corp. - May 14, 2024) - Blacksteel Energy Inc. ("Blacksteel" or "Corporation "or the "Farmee") announces a farmout and royalty agreement ("Agreement") between four private companies (collectively, the "Farmor") and the Corporation.The Agreement is a strategic alliance for Blacksteel as it combines Blacksteel's existing acreage in the productive Montney play in the Girouxville East area of Alberta with the Farmor's lands. The Agreement creates a contiguous 8,000-acre block of prospective land for future development and exploration drilling. An...
2024-05-14 8:59 PM EDT
Blacksteel Energy Inc. Announces Appointment of New Chief Executive Officer and Chief Operating Officer
Calgary, Alberta--(Newsfile Corp. - March 21, 2024) - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") announces that Mr. Duncan Nightingale has resigned as President, Chief Executive Officer, and Director of the Corporation for personal reasons.Blacksteel is pleased to announce that Arthur Madden, the Corporation's Chief Financial Officer, has agreed to assume the position of President and Chief Executive Officer of the Corporation and join the board of directors. In addition, the Corporation has appointed Mr. John McLeod as Chief Operating...
2024-03-21 5:41 PM EDT
Blacksteel Energy Inc. Announces Operational Updates: Completion of Additional Facility Upgrades, Addition of Highly Prospective Lands, New Opportunity Acquisition Discussions and Drilling Permitting for New Wells
Calgary, Alberta--(Newsfile Corp. - November 13, 2023) - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is pleased to announce the following operational update. Operational UpdateBlacksteel started field development work at Girouxville in November of 2022 to upgrade the facilities to comply with appropriate operational standards and install upgrades capable of processing additional fluid and oil volumes. These activities were completed in April 2023 and now provide the capacity to process the increase in production volumes associated with Blacksteel's planned production...
2023-11-13 5:50 PM EST
Blacksteel Energy Inc. Provides Update on Issuance of Cease Trade Order and Appointment of New Chief Financial Officer
Calgary, Alberta--(Newsfile Corp. - November 8, 2023) - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") announces that, further to its news release of August 25, 2023, a Cease Trade Order (the "CTO") has been issued by the Alberta Securities Commission. The CTO was issued as a result of a delay in the filing of the Corporation's audited annual financial statements, accompanying management discussion and analysis, and certifications for the financial year ended April 30, 2023, and the corresponding interim financial...
2023-11-08 8:50 PM EST
Blacksteel Energy Inc. Provides Bi-Weekly Update on Status of Management Cease Trade Order
Calgary, Alberta--(Newsfile Corp. - October 27, 2023) - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is providing this bi-weekly update on the status of the management cease trade order granted September 1, 2023 (the "MCTO") by its principal regulator, the Alberta Securities Commission, under National Policy 12-203 - Management Cease Trade Orders ("NP 12-203"), following the Corporation's announcement on August 25, 2023 (the "Default Announcement") that it was unable to file its audited annual financial statements, management's discussion and analysis...
2023-10-27 8:00 PM EDT
Blacksteel Energy Inc. Provides Bi-Weekly Update on Status of Management Cease Trade Order
Calgary, Alberta--(Newsfile Corp. - October 13, 2023) - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is providing this bi-weekly update on the status of the management cease trade order granted September 1, 2023 (the "MCTO") by its principal regulator, the Alberta Securities Commission, under National Policy 12-203 - Management Cease Trade Orders ("NP 12-203"), following the Corporation's announcement on August 25, 2023 (the "Default Announcement") that it was unable to file its audited annual financial statements, management's discussion and analysis...
2023-10-13 6:30 PM EDT
Blacksteel Energy Provides Update on Status of Completion of Its Financial Statements
Calgary, Alberta--(Newsfile Corp. - October 4, 2023) - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is providing this update on the status of the management cease trade order granted September 1, 2023 by its principal regulator, the Alberta Securities Commission, under National Policy 12-203 - Management Cease Trade Orders, following the Corporation's announcement on August 25, 2023 that it was unable to file its audited annual financial statements, management's discussion and analysis and related certificates for the year ended April...
2023-10-04 7:29 PM EDT
Blacksteel Energy Inc. Provides Bi-Weekly Update on Status of Management Cease Trade Order
Calgary, Alberta--(Newsfile Corp. - September 29, 2023) - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is providing this bi-weekly update on the status of the management cease trade order granted September 1, 2023 (the "MCTO") by its principal regulator, the Alberta Securities Commission, under National Policy 12-203 - Management Cease Trade Orders ("NP 12-203"), following the Corporation's announcement on August 25, 2023 (the "Default Announcement") that it was unable to file its audited annual financial statements, management's discussion and analysis...
2023-09-29 8:00 PM EDT
Blacksteel Energy Inc. Provides Bi-Weekly Update on Status of Management Cease Trade Order
Calgary, Alberta--(Newsfile Corp. - September 15, 2023) - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is providing this bi-weekly update on the status of the management cease trade order granted September 1, 2023 (the "MCTO") by its principal regulator, the Alberta Securities Commission, under National Policy 12-203 - Management Cease Trade Orders ("NP 12-203"), following the Corporation's announcement on August 25, 2023 (the "Default Announcement") that it was unable to file its audited annual financial statements, management's discussion and analysis...
2023-09-15 6:26 PM EDT
Blacksteel Energy Inc. Announces Closing of Additional Tranche of Its Private Placement, Change of Auditors and Application for a Management Cease Trade Order
Calgary, Alberta--(Newsfile Corp. - August 28, 2023) - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is pleased to announce that it has completed an additional closing ("Closing") of its private placement financing (the "Offering") and a change of auditors. Change of Auditors: Blacksteel has made the decision to engage Kenway Mack Slusarchuk Stewart LLP for audit services including for the year end of April 30, 2023. Blacksteel looks forward to working with KMSS given their depth of experience and...
2023-08-28 2:23 PM EDT
Blacksteel Energy Inc. Grows 2P Reserves by 396% Year over Year and Closes Additional Financing Tranche
Calgary, Alberta--(Newsfile Corp. - June 29, 2023) - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is pleased to announce that it has completed the annual Reserve Assessment and Evaluation and an additional closing ("Closing") of its private placement financing (the "Offering"). Reserve Report Blacksteel engaged GLJ Ltd. to complete the annual reserve assessment and evaluation and is announcing the results in line with the corporate year end of April 30, 2023.
2023-06-29 12:01 PM EDT
Blacksteel Energy Inc. Announces Completion of Acquisition of Drakkar Energy and Appointment of Bettina Pierre-Gilles as a Director
Calgary, Alberta--(Newsfile Corp. - March 17, 2023) - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is pleased to announce that it has closed the acquisition of Drakkar Energy Ltd. and has appointed Bettina Pierre-Gilles to the Board of Directors for Blacksteel.Completion of Acquisition of Drakkar Energy Ltd.Blacksteel has completed the acquisition of Drakkar Energy Ltd. through the amalgamation of Drakkar with a wholly owned subsidiary of Blacksteel, thereby consolidating its working interest in the Girouxville producing oil and gas asset....
2023-03-17 5:02 PM EDT
Blacksteel Energy Inc. Announces Signing of Definitive Agreement to Acquire Drakkar Energy, Financing Progress and Operational Update
Calgary, Alberta--(Newsfile Corp. - February 2, 2023) - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is pleased to announce that it has signed an agreement (the "Definitive Agreement") for the acquisition of all of the shares of Drakkar Energy Ltd. ("Drakkar") and has completed an additional tranche of its private placement financing (the "Financing") of common and flow through shares.Signing of Definitive Agreement with Drakkar Energy Ltd.The Definitive Agreement involves a three-cornered amalgamation of Blacksteel, Drakkar and 2488908 Alberta Inc.,...
2023-02-02 6:11 PM EST
Blacksteel Energy Inc. Announces Management Changes and Update to Drakkar Transaction
Calgary, Alberta--(Newsfile Corp. - November 2, 2022) - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is pleased to announce the following changes to strengthen the management team of Blacksteel: Duncan Nightingale has been appointed as President and Chief Executive Officer in addition to his current position as a director of Blacksteel. Jeff Callaway has resigned as President and Chief Executive Officer of Blacksteel and been appointed Executive Vice-President and Chief Financial Officer. Derek Batorowski has resigned...
2022-11-02 2:40 PM EDT