Board Change • May 21
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. CEO & Director Rick McHardy is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annonce • Mar 10
Logan Energy Corp. has completed a Follow-on Equity Offering in the amount of CAD 33.05002 million. Logan Energy Corp. has completed a Follow-on Equity Offering in the amount of CAD 33.05002 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 45,274,000
Price\Range: CAD 0.73
Discount Per Security: CAD 0.0292
Transaction Features: Rule 144A Annonce • Mar 09
Logan Energy Corp., Annual General Meeting, May 15, 2026 Logan Energy Corp., Annual General Meeting, May 15, 2026. Location: alberta, calgary Canada Annonce • Feb 20
Logan Energy Corp. has filed a Follow-on Equity Offering in the amount of CAD 25.00031 million. Logan Energy Corp. has filed a Follow-on Equity Offering in the amount of CAD 25.00031 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 34,247,000
Price\Range: CAD 0.73
Discount Per Security: CAD 0.0292
Transaction Features: Rule 144A Annonce • Feb 18
Logan Energy Corp. Provides Production Guidance for the Year 2029 Logan Energy Corp. provided production guidance for the year 2029. For the year, the McDaniel Report forecasts production within the Total Proved plus Probable category of 31,789 BOE per day which is comprised of 116,298 mcf/d of natural gas, 1,980 bbl/d of NGLs, 86 bbl/d of condensate and 10,340 bbl/d of oil. Annonce • Jan 06
Logan Energy Corp. Provides Production Guidance for the Second Half and Full Year 2026 Logan Energy Corp. provided production guidance for the second half and full year 2026. For the year, the expected to deliver average production between 15,000 to 16,000 BOE/d. Crude Oil to be 4,518 bbls/d to 4,820 bbls/d; Condensate to be 303 bbls/d to 322 bbls/d; Crude oil and condensate to be 4,821 bbls/d to 5,142 bbls/d; NGLs to be NGLs 960 bbls/d to 1,024 bbls/d; Natural gas to be 55,313 mcf/d to 59,001 mcf/d.
For the second half 2026, the expected to deliver average production between 16,500 to 17,500 BOE/d. Annonce • Aug 13
Logan Energy Corp. Announces Executive Changes, Effective November 1, 2025 Logan Energy Corp. announced the appointment of Ms. Linda Brown to the position of Interim Vice President, Finance and chief Financial Officer to be effective November 1, 2025. Ms. Brown is assuming the role while Ashley Hohm, the Company's current Vice President, Finance and Chief Financial Officer, is expected to be on maternity leave starting on or about November 1, 2025. Ms. Brown is a Chartered Professional Accountant and has been the Controller of Logan since June 2023. Annonce • Mar 25
Logan Energy Corp., Annual General Meeting, May 30, 2025 Logan Energy Corp., Annual General Meeting, May 30, 2025. Annonce • Feb 03
Logan Energy Corp. Provides Production Guidance for the Fiscal Year 2025 Logan Energy Corp. provided production guidance for the fiscal year 2025. for the year, the company expects Crude Oil production (bbls/d) of 4,780, Condensate production (bbls/d) of 25, NGLs production (bbls/d) of 615, Natural gas production (mcf/d) of 49,380, Combined average production (BOE/d) of 13,650. Reported Earnings • Nov 16
Third quarter 2024 earnings released: EPS: CA$0.01 (vs CA$0.026 loss in 3Q 2023) Third quarter 2024 results: EPS: CA$0.01 (up from CA$0.026 loss in 3Q 2023). Revenue: CA$29.0m (up 88% from 3Q 2023). Net income: CA$6.28m (up CA$17.0m from 3Q 2023). Profit margin: 22% (up from net loss in 3Q 2023). Revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Oil and Gas industry in Europe. New Risk • Oct 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Annonce • Oct 03
Logan Energy Corp. announced that it has received CAD 50.00062 million in funding On October 3, 2024, Logan Energy Corp. closed the transaction. New Risk • Sep 13
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (7.5% average weekly change). Annonce • Sep 13
Logan Energy Corp. announced that it expects to receive CAD 30.00008 million in funding Logan Energy Corp. announced that it has entered into an agreement with a syndicate of underwriters with National Bank Financial Inc. as sole bookrunner and co-lead underwriter and Eight Capital as co-lead underwriter pursuant to which the Underwriters have agreed to purchase for resale on a private placement, bought deal basis, 41,096,000 common shares at an issue price of CAD 0.73 per Common Share for aggregate gross proceeds of approximately 30,000,080 on September 11, 2024. The completion of the Equity Offering is subject to customary closing conditions, including the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange ("TSXV"). Closing of the Equity Offering is expected to occur on or around October 3, 2024. The Company has agreed to pay a cash commission of 4.0% of the gross proceeds of the Equity Offering to the Underwriters, except with respect to subscribers to be included on the president's list for which no commission will be paid. The Common Shares will be subject to a statutory hold period that extends four months from the Closing Date; provided that any Common Shares issued in the United States will be subject to a 1 year hold period, subject to the ability to resell the Common Shares on the TSXV prior to 1 year in accordance with U.S. securities laws. Certain directors, officers
and employees of the Company will subscribe for approximately CAD 5,000,000 of the Equity Offering. Annonce • Aug 22
Logan Energy Corp. Promotes Brendan Paton to President and COO The Board of Directors of Logan Energy Corp. announced that Brendan Paton (currently Vice President, Engineering and COO) has been promoted to President and COO. Richard McHardy will continue as Chief Executive Officer and will continue to be involved in the execution of the Company's strategic growth plans and the day-to-day operations of the Company. Reported Earnings • Aug 22
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: CA$24.4m (up 82% from 2Q 2023). Net income: CA$416.0k (up CA$4.27m from 2Q 2023). Profit margin: 1.7% (up from net loss in 2Q 2023). Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Oil and Gas industry in Europe. New Risk • Aug 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 17% over the past year. Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$88m). Share price has been volatile over the past 3 months (6.8% average weekly change). Reported Earnings • May 23
First quarter 2024 earnings released First quarter 2024 results: Revenue: CA$23.3m (up 40% from 1Q 2023). Net loss: CA$1.99m (loss narrowed 94% from 1Q 2023). Revenue is forecast to grow 44% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Annonce • May 23
Logan Energy Corp. Updates Production Guidance for the Year Ending December 31, 2024 Logan Energy Corp. updated production guidance for the year ending December 31, 2024. For the year, the company expected average production of 8,700 BOE/d. New Risk • Apr 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$62m free cash flow). Share price has been highly volatile over the past 3 months (9.9% average weekly change). Revenue has declined by 34% over the past year. Annonce • Mar 12
Logan Energy Corp., Annual General Meeting, May 17, 2024 Logan Energy Corp., Annual General Meeting, May 17, 2024. New Risk • Jan 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. New Risk • Dec 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Annonce • Nov 24
Logan Energy Corp. Provides Production Guidance for the Second Half of 2023 and Full Year of 2024 Logan Energy Corp. provided production guidance for the second half of 2023 and full year of 2024. The company expects production to average approximately 6,000 BOE/d for the second half of 2023 (previously 5,000 BOE/d).The company expects production to average 8,700 (BOE/d). 
