Forza Petroleum Limited - ORXPF STOCK NEWS

Welcome to our dedicated page for Forza Petroleum news (Ticker: ORXPF), a resource for investors and traders seeking the latest updates and insights on Forza Petroleum stock.

Forza Petroleum Limited is an international oil exploration, development, and production company based in Calgary, Alberta. With a 65% working interest in the Hawler license area in the Kurdistan Region of Iraq, the corporation has made significant oil discoveries in four areas. Recent financial results, including a loss of $1.6 million in Q3 2023, reflect challenges from the continuing shutdown of the Kurdistan Oil Export Pipeline. The corporation's liquidity is being sustained through local oil sales and cost-cutting measures while awaiting clarity on the pipeline's reopening.

02/22/2024 02:00 PM

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

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Forza Petroleum Limited (FORZ) and Zeg Oil and Gas Ltd. announced the completion of a statutory plan of arrangement under the Canada Business Corporations Act. The Purchaser acquired all outstanding common shares of Forza for C$0.15 per share. Forza applied for delisting from TSX and to cease reporting issuer status.

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02/13/2024 10:38 AM

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Forza Petroleum Announces Special Meeting Results

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Forza Petroleum Limited (TSX: FORZ) announces approval of special resolution for acquisition by Purchaser and Zeg Oil. The Arrangement involves acquiring all outstanding Common Shares for C$0.15 per share.

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12/11/2023 06:00 AM

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Forza Petroleum Announces Going Private Transaction

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Forza Petroleum Limited (TSX: FORZ) has entered into an arrangement agreement with Zeg Oil and Gas Ltd. to acquire all outstanding common shares at a purchase price of CAD 0.15 per common share, providing a 36% premium. The transaction is expected to close in the first quarter of 2024, subject to approvals.

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11/07/2023 05:40 PM

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

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Forza Petroleum Limited (TSX: FORZ) announces financial and operational results for Q3 2023, highlighting revenue of $14.4 million, a loss of $1.6 million, and $69.0 million in cash and cash equivalents as of September 30, 2023. The Corporation is preserving liquidity through local oil sales and cost-cutting while awaiting the re-opening of the Kurdistan Oil Export Pipeline.

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07/25/2023 05:30 PM

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Forza Petroleum Q2 2023 Financial and Operational Results

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06/27/2023 03:39 PM

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Forza Petroleum Announces Election of Directors

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Forza Petroleum announces the election of four nominees as directors at its Annual and Special Meeting of Shareholders.

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05/09/2023 05:26 PM

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Forza Petroleum Q1 2023 Financial and Operational Results

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FAQ

What is the market cap of Forza Petroleum (ORXPF)?

The market cap of Forza Petroleum (ORXPF) is approximately 67.2M.

What is Forza Petroleum Limited?

Forza Petroleum is an international oil exploration, development, and production company with a 65% working interest in the Hawler license area in the Kurdistan Region of Iraq.

What were the financial results of Forza Petroleum in Q3 2023?

Forza Petroleum reported a loss of $1.6 million in Q3 2023, primarily due to decreased net revenue from lower sales volumes and realized sales prices.

How is Forza Petroleum managing its liquidity challenges?

Forza Petroleum is sustaining liquidity through local oil sales and cost-cutting measures while waiting for the Kurdistan Oil Export Pipeline to reopen.