Oilexco receives CCAA extension May 28, 2009Oilexco Incorporated has received an extension of the court order for protection under the Companies’ Creditors Arrangement Act (CCAA) (Canada).
Premier Oil completes acquisition of Oilexco May 22, 2009Premier Oil has completed the acquisition of ONSL.
Oilexco appoints interim CFO May 21, 2009Oilexco Incorporated advises that Mr. Brian Ward is no longer serving as the Company’s Chief Financial Officer.
FSA temporarily suspends Oilexco listing on LSE May 8, 2009Oilexco advises that the UK Financial Services Authority (FSA) has temporarily suspended trading of Oilexco's shares on the London Stock Exchange (LSE)
Oilexco shares to trade on TSX Feb 18, 2009Oilexco Incorporated has been advised by the TSX Venture Exchange that the Company's shares will begin trading on the TSX Venture Exchange at the opening of Wednesday, February 18, 2009.
TSX delays Oilexco delisting date Feb 10, 2009Oilexco Incorporated has been advised by the Toronto Stock Exchange (TSX) that the TSX will allow the Company’s shares to continue trading on the TSX until the close of business on February 17, 2009.
Oilexco obtains Court order for CCAA Creditor Protection Feb 9, 2009Oilexco Incorporated has obtained a court order for protection under the Companies' Creditors Arrangement Act (Canada). Ernst & Young Inc. was appointed monitor under the order.
Oilexco receives demand on guarantee of subsidiary indebtedness to banks Feb 6, 2009Oilexco Incorporated has received demand letters from The Royal Bank of Scotland plc, on behalf of itself and other lenders, for immediate payment of all amounts outstanding under the US $547.5 million senior
Oilexco confirms appointment of subsidiary administrators Jan 7, 2009Oilexco Incorporated says its wholly-owned subsidiary Oilexco North Sea Limited was subject to an order from the court appointing four administrators from Ernst and Young to take over the function of the Board of Directors.
Oilexco subsidiary faces insolvency Jan 1, 2009Oilexco Incorporated says that its wholly-owned subsidiary, Oilexco North Sea Limited (ONSL), intends to file petitions for administration in the High Court in the United Kingdom as soon as reasonably practicable but likely as early as next week.
Oilexco cancels 15% convertible bond and common share offering Nov 21, 2008Oilexco Incorporated says that following a Board Meeting held earlier today to review the proposed offering being led by Canaccord Adams of up to U.S. $150,000,000 of 15%
Oilexco negotiates finance extension facility Nov 13, 2008Oilexco Incorporated says that Oilexco North Sea Limited has been able to negotiate an extension of £70 million of its £100 million Pre-Development Facility from
Oilexco updates Huntington activities Oct 27, 2008Oilexco Incorporated says that its wholly owned subsidiary, Oilexco North Sea Limited, has successfully identified an extension to the Huntington Forties Pool on Block 22/14a
Huntington delay cause for cheer: Noreco Oct 23, 2008Partners in the U.K. North Sea’s Huntington field believe “there is a high probability” two wells being drilled in a neighbouring block will show the field is ...