Key Developments: Legacy Oil + Gas Inc (LEG.TO)

LEG.TO on Toronto Stock Exchange

5.11CAD
24 Oct 2014
Price Change (% chg)

$-0.12 (-2.29%)
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Latest Key Developments (Source: Significant Developments)

Legacy Oil + Gas Inc reaffirms FY 2014 production guidance
Monday, 11 Aug 2014 09:00pm EDT 

Legacy Oil + Gas Inc:Says FY 2014 production remains on track with its previously upwardly revised guidance of 23,100 Boe per day average, 27,350 Boe per day.  Full Article

Legacy Oil + Gas Inc announces closing of deleveraging light oil corporate acquisition
Wednesday, 2 Jul 2014 06:58pm EDT 

Legacy Oil + Gas Inc:Says it has closed the acquisition of Corinthian Exploration Corp. previously announced on June 24, 2014.Says through the Acquisition, Legacy acquired high quality, high netback, light oil assets focused in its North Dakota Spearfish core area for total consideration of about 20.1 million Legacy common shares and assumed net debt of about $34 million.Corinthian's net debt on closing was below 0.7 times estimated annualized funds flow from operations, resulting in a deleveraging of Legacy's balance sheet.Says the producing properties are predominately operated with high working interests, 3D seismic coverage and control of key producing infrastructure and are associated with a large, light oil prospective undeveloped land base.Says Reduced capital costs and increased initial well production rates have resulted in improved capital efficiencies in the play, enhancing the value of the significant pro forma Spearfish development drilling inventory.Says the acquisition also includes a meaningful position in the Dunvegan light oil play in the Elmworth area of northwest Alberta, with production, undeveloped land and drilling upside and owned and operated key facilities and infrastructure.Says Legacy will examine alternatives for the Elmworth asset, which could include disposition.  Full Article

Legacy Oil + Gas Inc announces deleveraging light oil corporate acquisition
Tuesday, 24 Jun 2014 07:20pm EDT 

Legacy Oil + Gas Inc:Says the company and Corinthian have entered into an agreement pursuant to which Legacy has agreed to acquire all of the outstanding common shares of Corinthian.Says it is by means of an amalgamation between Corinthian and a wholly owned subsidiary of Legacy under the Business Corporations Act.Says Legacy will issue a total of about 20.1 million Legacy common shares to the shareholders of Corinthian and will also assume Corinthian's net debt of about $34 million.  Full Article

Legacy Oil + Gas Inc announces closing of deleveraging light oil corporate acquisition
Thursday, 12 Jun 2014 05:47pm EDT 

Legacy Oil + Gas Inc:Closes acquisition of Highrock Energy Ltd. (Highrock) previously announced on May 07, 2014 (Acquisition).Through Acquisition, Legacy acquired high quality, high netback, light oil assets focused in its southeast Saskatchewan core areas for total consideration of 18.8 mln Legacy common shares and assumed estimated net debt of $33.8 mln.Highrock's net debt on closing was below 0.8 times estimated annualized funds flow from operations, resulting in a deleveraging of Legacy's balance sheet.Producing properties are predominately operated with high working interests, 3D seismic coverage and control of key producing infrastructure and are associated with a light oil prospective undeveloped land base.Acquisition also adds several key sections of land in Legacy's Taylorton/Pinto and Manor core properties and adds land in the emerging Torquay (Three Forks) play at Flat Lake and the emerging Duvernay play in Alberta.  Full Article

Legacy Oil + Gas Inc raises FY 2014 production guidance
Thursday, 8 May 2014 02:15am EDT 

Legacy Oil + Gas Inc:Says it is increasing its guidance for FY 2014.Sees FY 2014 average production to 22,150 Boe per day (88 percent oil and NGL's) and increasing its guidance for FY 2014 exit rate production to 25,250 Boe per day.  Full Article

Legacy Oil + Gas Inc gives FY 2014 production outlook
Tuesday, 17 Dec 2013 06:23pm EST 

Legacy Oil + Gas Inc:Sees FY 2014 average production rate of 21,350 Boe per day.Sees FY 2014 exit production rate of 23,650 Boe per day.  Full Article

Legacy Oil + Gas Inc Announces Closing Of Light Oil Corporate And Asset Acquisitions
Wednesday, 17 Apr 2013 05:37pm EDT 

Legacy Oil + Gas Inc announced that it has closed the acquisition of Villanova Oil Corp. (Villanova) and the acquisition of light oil assets from a senior producer. Through the Acquisitions, Legacy acquired high netback, light oil assets focused in its southeast Saskatchewan and Turner Valley core areas for total consideration of $108.6 million in cash (subject to certain adjustments and including assumed net debt) and 13.9 million Legacy common shares.  Full Article

Legacy Oil + Gas Inc Reiterates FY 2013 Production Guidance
Tuesday, 12 Feb 2013 07:58pm EST 

Legacy Oil + Gas Inc reiterates fiscal 2013 guidance of average production of 17,900 Boe per day with associated capital expenditures of $290 million.  Full Article

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