reports
Leucrotta Exploration Shareholders Approve All Resolutions at Annual a...
Calgary, Alberta--(Newsfile Corp. - June 29, 2021) - Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce it has completed its Annual and Special Meeting with Shareholders approving all resolutions. For more information, a copy of the management information circular dated May 25, 2021 is available on the Corporation's SEDAR profile at .Leucrotta welcomes newly elected directors Harvey Doerr and Raymond Hyer to its Board and would like to thank long-standing director Brian Krausert, who did not stand for re-election, for his many contributions over the y...
Leucrotta Announces COVID-19 Capacity Restrictions for Annual and Spec...
Calgary, Alberta--(Newsfile Corp. - June 25, 2021) - LEUCROTTA EXPLORATION INC. (TSXV: LXE) ("Leucrotta" or the "Company") is announcing that it has received notice from the Calgary Petroleum Club, the host venue of its annual and special meeting (the "Meeting") of holders (the "Shareholders") of voting common shares in the capital of the Company ("Common Shares") to be held on June 29, 2021 at 10:00 a.m. (Calgary time), that due to ongoing provincial health restrictions resulting from the SARS-CoV-2 novel coronavirus ("COVID-19") pandemic, the capacity of the Viking Room in the Calgary Petrol...
Leucrotta Exploration Announces Closing of Private Placement
Calgary, Alberta--(Newsfile Corp. - June 22, 2021) - Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce that it has closed its non-brokered private placement offering previously announced on June 15, 2021 (the "Private Placement") of 1,870,000 units of the Company (the "Units") at a price of C$0.73 per Unit for gross proceeds of C$1,365,100. Each Unit consisted of one common share issued on a flow-through basis in respect of Canadian development expenses (CDE) under the Income Tax Act (Canada) (a "CDE Common Share") and one flow-through CDE Common Shar...
Leucrotta Exploration Announces Details of Phase I Mica Pad Developmen...
Calgary, Alberta--(Newsfile Corp. - June 15, 2021) - Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce it will commence operations of Phase I of the Mica Pad Development mid-July and should be on production by mid to late October. The first Pad will consist of 4 wells with 3 placed into the Lower Montney and one placed into the Basal Montney. The wells will have horizontal lengths of 2400 metres and be completed with a minimum of 130 fracs. Each stage will have 25-35 tonnes of sand per stage or approximately 2 tonnes per metre of horizontal length....
Leucrotta Announces Q1 2021 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - May 27, 2021) - LEUCROTTA EXPLORATION INC. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2021. All dollar figures are Canadian dollars unless otherwise noted.HIGHLIGHTSClosed a bought-deal public financing issuing 45.2 million units of the Company ("Units") at a price of $0.73 per Unit for gross proceeds of $33.0 million. Each Unit is comprised of one common share of the Company and 0.5 common share purchase warrant of the Company. Each whole common share purchas...
Leucrotta Exploration Announces 2020 Year-End Reserves
Calgary, Alberta--(Newsfile Corp. - April 28, 2021) - Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its 2020 year-end reserves as independently evaluated by GLJ Ltd. ("GLJ") effective December 31, 2020 (the "GLJ Report"), in accordance with National Instrument 51-101 ("NI 51-101") and the Canadian Oil and Gas Evaluation ("COGE") Handbook. All dollar figures are Canadian dollars unless otherwise noted.IntroductionDuring 2020 and early 2021, Leucrotta made the decision to focus future capital primarily on the Mica Project as outlined in our previou...
Leucrotta Announces Q4 2020 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - April 28, 2021) - Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three months and year ended December 31, 2020. All dollar figures are Canadian dollars unless otherwise noted. FINANCIAL RESULTS ...
Leucrotta Exploration Announces Closing of Previously Announced Asset ...
Calgary, Alberta--(Newsfile Corp. - April 1, 2021) - Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce that, further to its press release dated March 15, 2021, it has closed the previously announced disposition of 10.25 sections of non-strategic Montney lands (the "Asset Sale"), comprising approximately 5% of Leucrotta's Montney land base, for aggregate consideration of $30.0 million. The Company intends to use the proceeds from the Asset Sale to repay debt, advance the initiation of a Pad Development program in the Lower Montney at Mica (the "Mica P...
Leucrotta Exploration Announces Completion of its $33 Million Bought D...
Leucrotta Exploration Announces Completion of its $33 Million Bought Deal Financing THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. CALGARY, Alberta, March 31, 2021 (GLOBE NEWSWIRE) -- Leucrotta Exploration Inc. (the "Company" or "Leucrotta") (TSX-V: LXE) is pleased to announce that, further to its press releases dated March 15, 2021 and March 16, 2021, it has closed its previously announced upsized bought-deal financing (the "Bought-Deal Financing") of 41,...
Leucrotta Exploration Announces Upsize to Previously Announced Bought ...
Leucrotta Exploration Announces Upsize to Previously Announced Bought Deal Financing to C$30 Million THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. CALGARY, Alberta, March 16, 2021 (GLOBE NEWSWIRE) -- Leucrotta Exploration Inc. (the “Company” or “Leucrotta”) (TSX-V: LXE) is pleased to announce that, further to its press release dated March 15, 2021, it has entered into an amended agreement with a syndicate of underwriters amending the terms of its previous...
Leucrotta Exploration Announces Asset Disposition, Financing and Phase...
Leucrotta Exploration Announces Asset Disposition, Financing and Phase 1 Mica Pad Development THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. CALGARY, Alberta, March 15, 2021 (GLOBE NEWSWIRE) -- Leucrotta Exploration Inc. ("Leucrotta" or the "Company") (TSXV - LXE) is pleased to announce that it has entered into an agreement with a syndicate of underwriters for a $20.0 million bought deal financing (the "Financing") by way of a short form prospectus offerin...
Leucrotta Exploration Announces Board Changes
Calgary, Alberta--(Newsfile Corp. - March 12, 2021) - Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") announces that Josef Vejvoda has made the decision to resign from the Board of Directors to focus on other business commitments. Leucrotta would like to thank Mr. Vejvoda for his contribution over the past year and wish him well in his future endeavours.Leucrotta is pleased to announce that John A. Brussa has been appointed to the Board of Directors. Mr. Brussa is Chairman of the law firm Burnet, Duckworth & Palmer LLP and in addition to serving on the Board of a number ...
Leucrotta Exploration Announces Board Change
Calgary, Alberta--(Newsfile Corp. - March 2, 2021) - Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") announces that Kelvin Johnston has made the decision to resign from the Board of Directors due to an increased commitment that has arisen with respect to Mr. Johnston's other business interests. Leucrotta would like to express its gratitude to Mr. Johnston for his contributions to the Company over his 6 year tenure and wishes him well in his future endeavours. For further information, please contact:LEUCROTTA EXPLORATION INC.700, 639 -5th Ave SWCalgary, Alberta T2P 0M9Phon...
Leucrotta Announces Q3 2020 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - November 19, 2020) - LEUCROTTA EXPLORATION INC. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2020. All dollar figures are Canadian dollars unless otherwise noted.FINANCIAL RESULTSThree Months Ended September 30Nine Months Ended September 30($000s, except per share amounts) 2020 2019 % Change 2020 2019 % Change Oil and natural gas sales 5,841 6,113 (4) 17,071 20,775 (18)Cash flow from...
Leucrotta Exploration Inc. Announces Grant of Incentive Stock Options
Calgary, Alberta--(Newsfile Corp. - August 28, 2020) - Leucrotta Exploration Inc. (TSXV: LXE) (the "Corporation") announces that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan to certain of its directors and officers to acquire up to an aggregate of 5,465,000 common shares ("Common Shares") of the Corporation and the granting of Options to certain of its employees and consultants to acquire up to an aggregate of 1,535,000 Common Shares. All of the Options are exercisable for a period of five years at a price of $0.60 per Common ...
Leucrotta Announces Q2 2020 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - August 26, 2020) - LEUCROTTA EXPLORATION INC. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2020. All dollar figures are Canadian dollars unless otherwise noted.HIGHLIGHTSIncreased production to 3,797 boe/d in Q2 2020 from 3,119 boe/d in Q2 2019 (2,921 boe/d in Q1 2020).Disposed of certain non-core facility assets for cash proceeds of $2.2 million and reduced working capital deficiency to $4.3 million at June 30, 2020 from $5.2 million at March 31, 2020. ...
Leucrotta Announces Q1 2020 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - May 27, 2020) - LEUCROTTA EXPLORATION INC. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2020. All dollar figures are Canadian dollars unless otherwise noted.HIGHLIGHTSDrilled, completed and tied-in a second Montney well at Two Rivers. Completed construction of the Two Rivers facility and commenced production of the two Montney wells.Subsequent to March 31, 2020, disposed of certain non-core facility assets for proceeds of $2.2 million. FINA...
Leucrotta Exploration Announces 2019 Year-End Reserves
Calgary, Alberta--(Newsfile Corp. - April 29, 2020) - Leucrotta Exploration Inc. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its 2019 year-end reserves as independently evaluated by GLJ Petroleum Consultants Ltd. ("GLJ") effective December 31, 2019 (the "GLJ Report"), in accordance with National Instrument 51-101 ("NI 51-101") and the Canadian Oil and Gas Evaluation ("COGE") Handbook. All dollar figures are Canadian dollars unless otherwise noted.2019 HighlightsDuring 2019, Leucrotta invested capital primarily in the infrastructure for the Two Rivers Project and drilling...
Leucrotta Announces Q4 2019 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - April 29, 2020) - LEUCROTTA EXPLORATION INC. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three months and year ended December 31, 2019. All dollar figures are Canadian dollars unless otherwise noted. FINANCIAL RESULTS Three Months Ended December 31 Ye...
Leucrotta Announces Q3 2019 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - November 27, 2019) - LEUCROTTA EXPLORATION INC. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2019. All dollar figures are Canadian dollars unless otherwise noted.HIGHLIGHTSAchieved adjusted funds flow of $1.8 million in Q3 2019.Maintained production at 3,065 boe/d in Q3 2019 from 3,119 boe/d in Q2 2019.Maintained working capital of $2.2 million at September 30, 2019. FINANCIAL RESULTSThree Months Ended September 30Nine Months Ended September 30($000s...
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