MEG Energy Responds to Husky Energy's Announcement of an Intention to Make an Unsolicited Offer

Shareholders Advised to Take No Action Pending Review of Offer

CALGARY, Sept. 30, 2018 - MEG Energy Corp. (TSX: MEG) ("MEG" or the "Company") acknowledges today's announcement by Husky Energy Inc. ("Husky") that Husky intends to make an unsolicited offer to acquire all of the issued and outstanding common shares of MEG.

The MEG Board of Directors will consider and evaluate the Husky offer and related take-over bid circular, if and when received. To assist the Board in this process the Board has formed a special committee comprised of independent directors (the "Special Committee") and has retained financial and legal advisors.

Published: 01 October 2018

Written by Editor

TSX M & A Up on News

Molori Acquires 11,000 Acres with Red Cave Access and Plans to Drill 8 Wells as Operator 2017-10-26 09:39 ET - News Release

Borger, Texas--(Newsfile Corp. - October 26, 2017) - Molori Energy Inc. (TSXV: MOL) (OTCQB: MOLOF) ("Molori" or the "Company") is pleased to announce the signing of a definitive agreement to secure a 75% working interest in certain oil and gas leases, known formally as the "Red Cave Leases" in District 10, Texas. The acquisition of these leases, covering 11,000 acres with access to Red Cave, and with access to other formations, is a key milestone of Phase 1 of Molori's development plan.

Phase 1 of Molori's development plan includes the acquisition of the Red Cave Leases, the identification of appraisal well locations upon the Red Cave Leases and the drilling of those appraisal wells. While engaged in Phase 1, the Company has already identified, and has been actively pursuing 40,000 additional acres, with access to Red Cave and other prospective formations.

Published: 26 October 2017

Written by Editor

Up on News Project Update TSXV

Recon to Provide Wastewater Treatment Products and Services Totaling $2 million to Qinghai Oilfield

BEIJING, Oct. 24, 2017 -- Recon Technology, Ltd. (NASDAQ: RCON), ("Recon" or the "Company"), a China-based independent solutions integrator in the oilfield service, electric power and coal chemical industries, today announced that it will provide its proprietary chemical compound agents and microbiological treatment agents (the "Products") and relevant services for oily sewage treatments to Qinghai Oilfield Company ("Qinghai Oilfield"), a PetroChina Co., Ltd. ("PetroChina") subsidiary (the "Project"). Recon's revenue of the Project is expected to be RMB 13.11 million (approximately USD $2 million) over the course of one year, subject to the quantity of the Products actually used by Qinghai Oilfield. Recon expects to begin recording revenue under the Project in the current quarter. The Project represents a significant increase in size and scope over the Company's previous wastewater treatment agreements.

Published: 24 October 2017

Written by Editor

Nasdaq New Product or Order Up on News

Recon and BOW Signed Sewage Treatment Strategic Cooperation Agreement

2017-10-16 08:06 ET - BEIJING, Oct. 16, 2017 -- Recon Technology, Ltd. (NASDAQ:RCON), ("Recon" or the "Company"), a China-based independent solutions integrator in the oilfield service, electric power and coal chemical industries, today announced that it has signed a three-year strategic cooperation agreement ("Agreement") with Beijing OriginWater Purification Engineering Technology Co., Ltd ("BOW Engineering"), a subsidiary of Beijing OriginWater Technology Co. Ltd. (Shenzhen Stock Exchange: 300070) ("BOW"). Pursuant to the Agreement, Recon Technology and BOW Engineering will cooperate to promote advanced sewage treatment technology in Chinese oilfield markets and to provide integrative solutions and services of superior quality and effectiveness to tackle industrial water pollution.

Published: 16 October 2017

Written by Editor

Nasdaq New Product or Order Up on News

U.S. Energy Corp. Announces Strategic Partnership and Deleveraging Transaction

DENVER, Oct. 05, 2017 -- U.S. Energy Corp. (NASDAQ:USEG) (“U.S. Energy” or the “Company”) today announced an agreement to substantially reduce the Company’s outstanding debt through an exchange transaction (the “Transaction”) with APEG Energy II, L.P., the sole lender of its Senior Secured Credit Facility (“Credit Facility”). The Transaction was unanimously approved by the Company’s Board of Directors.

Highlights

U.S. Energy will exchange $4.5 million of the $6.0 million of outstanding borrowings on its Credit Facility for 5,819,270 shares of common stock.

U.S. Energy will make a cash paydown of its Credit Facility of $0.6 million.

Published: 05 October 2017

Written by Editor

Nasdaq Up on News

MEG Energy Corp ( MEG )

MEG Energy Responds to Husky Energy's Announcement of an Intention to Make an Unsolicited Offer

Molori Energy Inc ( MOL )

Molori Acquires 11,000 Acres with Red Cave Access and Plans to Drill 8 Wells as Operator 2017-10-26 09:39 ET - News Release

Recon Technology Ltd ( RCON )

Recon to Provide Wastewater Treatment Products and Services Totaling $2 million to Qinghai Oilfield

Recon Technology Ltd ( RCON )

Recon and BOW Signed Sewage Treatment Strategic Cooperation Agreement

U.S. Energy Corp ( USEG )

U.S. Energy Corp. Announces Strategic Partnership and Deleveraging Transaction