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Calgary-based Bellatrix Exploration Ltd. says it has struck a deal to exit Companies' Creditors Arrangement Act court protection after six months through a sale of its assets to Return Energy Inc.
Pursuant to the Transaction, the Purchaser will acquire substantially all of the Company’s assets relating to its oil and gas business, with the exception of the Company’s working capital and certain other excluded assets.
Apr 2, 2019 · Although the proposed recap will reduce Bellatrix’s debt by $110-million, or 23 per cent, and the company won’t have any maturities for non-revolving debt until 2023, equity analysts are much...
Bellatrix Exploration Ltd. (NYSE: BXE; TO: BXE) closed the asset sale and joint venture with the Canadian subsidiaries of Daewoo International Corp. and Devonian Natural Resources Private Equity Fund, the company announced on Sept. 2.
Jul 22, 2016 · Bellatrix has now covered all bases after seeing its borrowing base being slashed by 60%. Two asset sales and the C$30M equity raise will reduce the net debt, whilst an additional C$50M...
May 11, 2021 · Summary. Spartan Delta bought the Bellatrix assets out of the failure of Bellatrix. Those assets offer capital efficiency of CAD$4,000 per Boe/day. Debt-free Spartan Delta can develop those...
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Mar 29, 2019 · CALGARY - Shares in Bellatrix Exploration Ltd. fell by as much as 35 per cent Friday after it proposed a deal that would leave its existing shareholders with just 16.5 per cent of the company.
