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CruzSur Energy Corp. (V:CZR)

Business Focus: Oil & Gas Exploration and Production

Sep 16, 2020 05:00 pm ET
CruzSur Energy Corp. - Conversion of Debentures
VANCOUVER, BC, Sept. 16, 2020 /CNW/ - CruzSur Energy Corp. (the "Company" or "CruzSur") (TSXV: CZR) is pleased to announce that $2,908,000 principal amount of the outstanding convertible debentures of the Company has been recently converted resulting in the issuance of 19,386,659 common shares and 19,386,659 share purchase warrants.   Concurrently, 1,633,333 of such warrants were exercised.  The remaining debentures in the principal amount of $442,000 and the exercise of the 20,700,000 underlying warrants is expected to be completed by the end of September.  In aggregate, the Company anticip
Aug 31, 2020 07:45 am ET
Successful Repair and Completion of the Well Aruchara 1 in Maria Conchita Field Results in Significant Gas Flow
The Company takes transformational steps towards its mission of bringing clean energy to Colombia's domestic market. The Company, in partnership with Energy Transitions-Plus+E.S.P, expects to have facilities and connections ready before the end of the year to start selling gas into the current $5 / MMBtu market. Final preparation on the Company's flagship SN-9 project for planned Q4 drilling. VANCOUVER, BC, Aug. 31, 2020 /CNW/ - Further to a prior press release issued on August 19, 2020, CruzSur Energy Corp. (the "Company" or "CruzSur") (TSXV: CZR) is pleased to announce that after implemen
Aug 19, 2020 06:01 pm ET
CruzSur Energy Provides Update on Re-Entry Activities on the Maria Conchita Block and Exploratory Program on the SN-9 Block
VANCOUVER, BC, Aug. 19, 2020 /CNW/ - Further to a prior press release issued on July 24, 2020, CruzSur Energy Corp. (the "Company" or "CruzSur") (TSXV: CZR) is pleased to announce that the Company is in the final stages of its re-entry activities on the Aruchara well, located in the Maria Conchita Block in the region of La Guajira in northern Colombia. More specifically, the repair of the well is now almost complete, and the Company will soon be in position to determine the quantity and quality of gas found. A comprehensive update will be provided by the Company at that time.
Jul 24, 2020 03:30 pm ET
CruzSur Energy Announces Natural Gas During the Aruchara Well Re-entry
VANCOUVER, July 24, 2020 /CNW/ - CruzSur Energy Corp. (the "Company" or "CruzSur") (TSXV: CZR) announces that during the re-entry of the Aruchara well, in order to repair a gas leak identified in the well which had been drilled in 1980, found a large amount of natural gas that has been burned in the flare stack. The Company duly informed the Colombian authorities of the re-entry. The team has now continued the process of the well repair with its cleaning to define the final conditions, quantity and quality of the gas found. 
Jun 24, 2020 05:00 pm ET
CruzSur Energy Announces Grant Of Options
VANCOUVER, BC, June 24, 2020 /CNW/ - CruzSur Energy Corp. (the "Company" or "CruzSur") (TSXV: CZR), announces that it has granted an aggregate of 1,556,000 stock options under the Company's stock option plan to directors, officers, employees, consultants of the Company and charities with an exercise price of C$0.275 per stock option, exercisable for a period of ten years from the date of grant.
May 27, 2020 05:00 pm ET
CruzSur Closes $1,800,000 Private Placement
VANCOUVER, May 27, 2020 /CNW/ - CruzSur Energy Corp. (the "Company" or "CruzSur") (TSXV: CZR) is pleased to announce that it has completed a non-brokered private placement of 10,000,000 units (each, a "Unit"), at a price of C$0.18 per Unit, for gross proceeds of C$1,800,000. Each Unit consists of one common share and one share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder to purchase one additional share at a price of C$0.23 until May 27, 2022.
May 12, 2020 05:00 pm ET
Cruzsur Announces Private Placement
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
May 07, 2020 09:00 am ET
CruzSur Announces Interest Payment
VANCOUVER, May 7, 2020 /CNW/ - CruzSur Energy Corp. (the "Company" or "CruzSur") (TSXV: CZR) announces that pursuant to the convertible debentures issued on May 7, 2019 (the "Convertible Debentures"), the Company has elected to issue common shares of the Company (the "Shares") in satisfaction of the aggregate accrued interest owing on such Convertible Debentures. Under the terms of the Convertible Debentures, interest has accrued at a rate of 10% per annum resulting in a total amount owing of $161,343.72 as at May 7, 2020. The Company will satisfy the aggregate accrued interest owing by issu
Mar 30, 2020 05:00 pm ET
CruzSur Closes Private Placement
VANCOUVER, March 30, 2020 /CNW/ - CruzSur Energy Corp. (the "Company" or "CruzSur") (TSXV: CZR) is pleased to announce that it has completed a non-brokered private placement of 2,000,000 units (each, a "Unit"), at a price of C$0.15 per Unit, for gross proceeds of C$300,000. Each Unit consists of one common share and one share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder to purchase one additional share at a price of C$0.18 until March 27, 2022.
Mar 20, 2020 08:30 am ET
CruzSur Announces Private Placement
VANCOUVER, March 20, 2020 /CNW/ - CruzSur Energy Corp. (the "Company" or "CruzSur") (TSXV: CZR) announces that the Company is undertaking a non-brokered private placement of 2,000,000 units (each, a "Unit"), at a price of C$0.15 per Unit, for gross proceeds of C$300,000. Each Unit consists of one common share and one share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder to purchase one additional share at a price of C$0.18 for a period of twenty four (24) months from the date of issuance. The placement is fully subscribed and is subject to TSXV Exchange approval.
Dec 09, 2019 04:00 pm ET
CruzSur Announces Re-Entry in the Aruchara Well Located in the Maria Conchita Block
VANCOUVER, Dec. 9, 2019 /CNW/ - CruzSur Energy Corp. (the "Company" or "CruzSur") (TSXV: CZR) announces that the Company intends to re-enter the Aruchara well, located in the Maria Conchita Block located in the region of La Guajira in northern Colombia,  in order to develop short tests to prove the existence of natural gas in the well ("the Project")
Nov 21, 2019 04:00 pm ET
CruzSur Energy Shares Issued for Interest Payment Settlement
VANCOUVER, Nov. 21, 2019 /CNW/ - CruzSur Energy Corp. (the "Company" or "CruzSur" ) (TSXV: CZR) announces that  it  has received approval from the TSX Venture Exchange to  issue 670,608 common shares of the Company (the "Shares") at a deemed price of $0.25 per Share in satisfaction of the aggregate accrued interest of $167,651.90 owing on Convertible Debentures of the Company.
Nov 07, 2019 04:00 pm ET
CruzSur Announces Interest Payment
VANCOUVER, Nov. 7, 2019 /CNW/ - CruzSur Energy Corp. (the "Company" or "CruzSur") (TSXV: CZR) announces that pursuant to the convertible debentures issued on May 7, 2019 (the "Convertible Debentures"), the Company has elected to issue common shares of the Company (the "Shares") in satisfaction of the aggregate accrued interest owing on such Convertible Debentures. Under the terms of the Convertible Debentures, interest has accrued at a rate of 10% per annum resulting in a total amount owing of $167,651.90 as at November 7, 2019. The Company will satisfy the aggregate accrued interest owing b
Sep 05, 2019 08:30 am ET
CruzSur Receives a Natural Gas Purchase Offer for Maria Conchita Field
VANCOUVER, Sept. 5, 2019 /CNW/ - CruzSur Energy Corp. (the "Company" or "CruzSur") (TSXV: CZR), announces it has received a natural gas purchase offer for the Maria Conchita field in Colombia from Energy Transitions SAS ESP. This is a binding offer to purchase the natural gas delivered at the well head for 10 years. With this agreement, Energy Transitions SAS ESP will install the treatment facilities at its own risk and infrastructure necessary to transport the gas according to the adopted monetization scheme (CNG, LNG, Gas to Power, pipeline, etc.) and will have the right of first purchase
Sep 03, 2019 09:00 am ET
CruzSur Energy Signs MoU with Panacol to Jointly Develop the Company's Assets in Colombia and Argentina, Resolves Liabilities on KM 8 and Appoints Ronald Pantin as Executive Chairman
VANCOUVER, Sept. 3, 2019 /CNW/ - CruzSur Energy Corp. (the "Company" or "CruzSur") (TSXV: CZR), announces it has appointed Ronald Pantin as Executive Chairman of the Company and has signed a Memorandum of Understanding with Panacol Oil & Gas Corp. ("Panacol") to jointly develop assets of CruzSur in Colombia and Argentina. Initially, Panacol will emphasize its efforts on the E&P Contract for the Sinu 9 (SN-9) Block.  
Aug 02, 2019 01:03 pm ET
Aug 01, 2019 05:00 pm ET
CruzSur Energy Commences Exploration at SN-9 Block in the Lower Magdalena Basin and Updates on Other Assets in Colombia and Argentina
VANCOUVER, Aug. 1, 2019 /CNW/ - CruzSur Energy Corp. (the "Company" or "CruzSur") (TSXV: CZR), a growth-oriented oil and gas venture with significant assets in Latin America, has commenced a US$22 million phased development program at Sinu-9 (SN-9), a high-priority Colombian natural gas prospect, and is pleased to provide an update on other projects.
Jul 10, 2019 02:06 pm ET
CruzSur Energy Announces Grant of Options and Re-Pricing
VANCOUVER, July 10, 2019 /CNW/ - CruzSur Energy Corp. (the "Company" or "CruzSur") (TSXV: CZR), announces that it has it has granted an aggregate of 2,462.500 stock options under the Company's stock option plan to directors, officers, employees, consultants of the Company and charities with an exercise price of C$0.45 per stock option, exercisable for a period of ten years from the date of grant.
Jul 02, 2019 09:00 am ET
CruzSur Energy Announces Resolution of Dispute with Petro AP (Hong Kong) Company Limited and Procomm Investment Limited
VANCOUVER, July 2, 2019 /CNW/ - CruzSur Energy Corp. (the "Company" or "CruzSur") (TSXV: CZR), is pleased to announce that the disputes with Petro AP (Hong Kong) Company Limited and Procomm Investment Limited (the "Claimants"), in relation with the Stock Purchase Agreement of 100% of the shares of Alianza Petrolera Argentina S.A., a company organized and existing under the laws of Argentina have been resolved.
Jun 26, 2019 07:43 pm ET
CruzSur Energy Announces Officer Appointment and Shares for Debt
VANCOUVER, June 26, 2019 /CNW/ - CruzSur Energy Corp. (the "Company" or "CruzSur") (TSXV: CZR), is pleased to announce the appointment of Ms. Marianella Bernal Parada as Chief Financial Officer of the Company. The appointment follows the resignation of Mr. Chris Reid as Chief Financial Officer.
Jun 03, 2019 09:00 am ET
CruzSur Energy Announces Board and Management Changes
VANCOUVER, June 3, 2019 /CNW/ - CruzSur Energy Corp. (the "Company" or "CruzSur") (TSXV: CZR), announces the departure of certain members of its Executive Management Team; Dr. Ralph Gillcrist, President and Chief Executive Officer, Mr. Alan Aitchison, Chief Operating Officer and Mr. Rafael Orunesu, Vice President Business Development and President Argentina. Dr. Gillcrist will resign his Board position with immediate effect. In conjunction with their departure, a total of 2,916,666 shares will be issued to the departing management as a partial severance settlement subject to TSX Venture Exch
May 29, 2019 05:30 pm ET
CruzSur Energy Corp. Announces First Quarter 2019 Operating & Financial Results
VANCOUVER, May 29, 2019 /CNW/ - CruzSur Energy Corp. (the "Company") (TSXV: CZR) announces it has filed its financial results for the three months ended March 31, 2019. All dollar values in this news release and the Company's financial disclosures are in United States dollars, unless otherwise stated. All production figures are measured in barrels of oil equivalent ("boe").
May 28, 2019 09:00 am ET
CruzSur Energy Announces Resolution of Dispute Affecting Sinu-9 & Tiburon Blocks and Agrees to Farmout Terms for the Sinu-9 Block
VANCOUVER, May 28, 2019 /CNW/ - CruzSur Energy Corp. (the "Company" or "CruzSur") (TSXV: CZR), is pleased to announce that the disputes with the counterparties in the Company's original acquisitions of economic beneficial interests in the Sinu-9 Block and Tiburon Block have been resolved and that terms for a new farmout agreement for the SN-9 Block have been agreed to with Panacol Oil & Gas ("Panacol").
May 07, 2019 06:14 pm ET
CruzSur Energy Corp. Closes $3.35M Convertible Debenture Financing
VANCOUVER, May 7, 2019 /CNW/ - CruzSur Energy Corp. (the "Company" or "CruzSur" ) (TSXV: CZR) is pleased to announce that it has closed its previously announced non-brokered private placement of secured convertible debentures ("Financing") for aggregate proceeds of $3,350,000. 
Apr 30, 2019 10:47 pm ET
CruzSur Energy Releases Annual Financials
VANCOUVER, April 30, 2019 /CNW/ - CruzSur Energy Corp. (the "Company" or "CruzSur") (TSXV: CZR) announces the filing of its Annual Audited Consolidated Financial Statements and Management Discussion & Analysis for the years ended December 31, 2018 and December 31, 2017, as well as its 2018 Year End Reserves Report. All dollar values in this news release and the Company's financial disclosures are in United States dollars, unless otherwise stated.
Apr 11, 2019 05:00 pm ET
CruzSur Energy Announces US$2.5M Convertible Debenture Financing
VANCOUVER, April 11, 2019 /CNW/ - CruzSur Energy Corp. (the "Company" or "CruzSur" ) (TSXV: CZR) is pleased to announce that it has arranged a non-brokered private placement of secured convertible debentures for aggregate proceeds of US$2,500,000, to enable the Company to restructure its portfolio of assets and settle outstanding liabilities.  The lead investor in the financing is Frank Giustra and other insiders are expected to participate in the financing. If any potential placee would upon conversion become a greater than 20% shareholder of the Company, the Company will seek shareholder a
Feb 13, 2019 08:00 am ET
CruzSur Energy provides an update on Llancanelo asset
VANCOUVER, Feb. 13, 2019 /CNW/ - CruzSur Energy Corp. (the "Company" or "CruzSur") (TSXV: CZR), provides an update on the Llancanelo asset and its reduction of liabilities, with YPF S.A. ("YPF"), the operator of the concession.
Dec 12, 2018 08:00 am ET
CruzSur Energy Provides an Update on the Maria Conchita Block
VANCOUVER, Dec. 12, 2018 /CNW/ - CruzSur Energy Corp. (the "Company") (TSXV: CZR), is pleased to provide an update on the Maria Conchita Block in Colombia which it operates under the 100% owned subsidiary´s Colombian branch MKMS Enerji Sucursal Colombia ("MKMS").