공시 • Jun 14
G2 Energy Corp. Announces Resignation of Paul Gurney as Board of Director G2 Energy Corp. announced the resignation of Paul Gurney as board of director with immediate effect. Paul Gurney submitted his resignation on June 11, 2024 and the resignation has been accepted. 공시 • Apr 30
G2 Energy Corp. Announces the Resignation of John Costigan from Board of Directors G2 Energy Corp. announced the resignation of John Costigan with immediate effect. As pert of the Amending Agreement and Board announcements on March 20th 2024, Mr. Costigan has agreed to step down from the Board of Directors and focus on assisting the Company with Investor Relations and Corporate Development activities. His management services contract has been amended to reflect the new role and duties. 공시 • Apr 04
G2 Energy Corp. announced that it has received CAD 0.368795 million in funding On April 3, 2024, G2 Energy Corp. closed the transaction. The company will now issue 7,375,900 units at a price of CAD 0.05 per unit for gross proceeds of CAD 368,795 in the transaction. The company has issued 6,175,900 units at a price of CAD 0.05 per unit for aggregate gross proceeds of up to CAD 308,795 in its second and final tranche closing. The transaction included participation from Slawomir Smulewicz for acquiring indirectly 1,600,000 Units and Markus Mair for acquiring directly 600,000 Units. The securities issued pursuant to the Second and Final Tranche Closing of the private placement are subject to a statutory hold period of four months plus one day hold that expires on July 4, 2024. 공시 • Nov 03
G2 Energy Corp. announced that it expects to receive CAD 0.5 million in funding G2 Energy Corp. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.05 per unit for aggregate gross proceeds of up to CAD 500,000 on November 2, 2023. Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant will be exercisable by the warrant holder to acquire one additional common share at a price of CAD 0.08 for a period of 24 months from the closing of the private placement. The company may elect to close the financing in one or more tranches. It is anticipated that insiders of the company may participate in the financing. The issuance of securities in connection with this financing will be subject to Canadian Securities Exchange approval and the securities will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable Canadian securities laws. The company may elect to pay a finder's fee to eligible finders in connection with applicable securities laws and CSE policies in connection with this financing. 공시 • Nov 01
G2 Energy Corp. announced that it has received CAD 0.3428 million in funding On October 31, 2023, G2 Energy Corp. closed the transaction. The company issued 1,580,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 79,000 in third and final tranche. In connection with the Third and Final Closing, the Company paid finder's fees in the aggregate of CAD 6,900.00 in cash and issued 138,000 finder's warrants. Each Finder's Warrant is exercisable by the warrant holder to acquire one additional common share at a price of CAD 0.08 for a period of twenty-four months from the closing of the Third and Final Closing and is subject to the same acceleration clause as the Warrants issued. The company has raised 6,856,000 units in the transaction. 공시 • Oct 12
G2 Energy Corp. Appoints Malcolm Burke to Board of Directors G2 ENERGY CORP announced that it has appointed Malcolm Burke, a Vancouver business executive, to the Company's Board of Directors. Mr. Burke brings a broadly based, international business background to the G2 board of directors. His corporate finance activities cover a broad spectrum of both private and public companies. These include US-focused commercial and multi-family real estate syndication, oil and gas operations principally in Texas and New Mexico plus high-level involvement in aquaculture, film production, and mining. Mr. Burke and his business colleagues were responsible for raising in excess of $250 million to fund these ventures. Through his Primary Ventures entity, Malcolm has developed a global network of business leaders including notable figures on the Canadian business landscape. 공시 • Jun 15
G2 Energy Corp. announced that it expects to receive CAD 0.7 million in funding G2 Energy Corp. announced a non-brokered private placement of up to 14,000,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 700,000 on June 14, 2023. Each unit consists of one common share and one common share purchase warrant. Each warrant will be exercisable by the warrant holder to acquire one additional common share at a price of CAD 0.08 for a period of 24 months from the closing of the transaction. All the securities issued will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable Canadian securities laws. The Company may elect to pay a finder's fee to eligible finders in connection with applicable securities laws and CSE policies in connection with this financing. The transaction is subject to the approval of the Canadian Securities Exchange. 공시 • Jan 25
G2 Energy Corp. Receives Notice of Default from Cloudbreak G2 Energy Corp. announces that it has received a notice of default from Cloudbreak Discovery PLC ("Cloudbreak") to the Company and its subsidiary G2 Energy TX1 Inc. ("G2 TX1") regarding a default under Cloudbreak's USD 2 million secured debenture (the "Debenture") related to default in payment of an interest installment, which was due December 31, 2022, among other alleged defaults. Cloudbreak holds second ranking security over the shares of G2 TX1 held by the Company. G2 TX1 owns the Masten Unit oil and gas producing property located in Texas (the "Masten Project"). Cloudbreak also alleged that G2 TX1 breached the Debenture for failure to pay ad valorem taxes on the Masten Project, which is not true because the taxes are not due until January 31. 2023. Other alleged breaches relate to the Company's negative working capital and maximum debt. The Company is in discussions with Cloudbreak regarding an extension of time for the interest payment and other solutions, as well as better communication going forward. To reduce its working capital deficit, Company is seeking to raise capital through an equity or debt private placement. Management is also in discussions with the sellers of the Masten Project (the "Sellers") related to the situation with Cloudbreak and options to prevent unnecessary enlargement of this issue. The Sellers provided G2 TX1 with USD 1.6 million secured loan financing to fund a portion of the purchase price payable for the Masten Project. The Sellers were granted first ranking security over the property and assets comprised in the Masten Project. 공시 • Jan 05
G2 Energy Corp. announced that it expects to receive CAD 1.5 million in funding G2 Energy Corp. announced a non-brokererd private placement of 30 million units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 1.5 million on January 4, 2023. Each Unit will consist of one common share and one common share purchase warrant. Each Warrant will be exercisable by the warrant holder to acquire one additional common share at a price of CAD 0.08 for a period of twelve months from the closing of the transaction. The transaction will include certain investors. The finder's fee may be paid in cash or in securities of the Company in accordance with applicable securities laws and CSE policies. The completion of the transaction will be subject to receipt of and all necessary regulatory approvals, including, if required, conditional approval by the Exchange. The securities issued in connection with the transaction will be subject to a four-month hold period under applicable Canadian securities laws commencing on the Closing Date of the transaction. The transaction is expected to close on or about January 30, 2023. Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). CEO, Corporate Secretary & Executive Chairman of Board Slawek Smulewicz is the most experienced director on the board, commencing their role in 2017. Independent Director Matt Roma was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. 공시 • Oct 21
G2 Energy Corp. announced that it expects to receive $1 million in funding G2 Energy Corp. announced a non-brokered private placement of convertible debenture for gross proceeds of $1 million on October 20, 2022. The debenture are facing interest rate of 12% per annum payable every six months with conversion price CAD 0.10 ($0.073) for first 12 months and CAD 0.20 ($0.15) in second 12 months. 공시 • Sep 21
G2 Energy Corp. announced that it expects to receive CAD 0.45 million in funding G2 Energy Corp. announced a non-brokered private placement financing of up to 4,500,000 units of the Company at a price of CAD 0.10 per Unit for aggregate gross proceeds of up to CAD 450,000 on September 20, 2022. Each Unit consists of one common share in the capital of the Company and one half common share purchase warrant. Each whole Warrant will be exercisable by the warrant holder to acquire one additional common share at a price of CAD 0.20 for a period of 24 months from the closing of the transaction. The transaction may include participation from the insiders of the company. The transaction will be subject to Canadian Securities Exchange approval and the securities will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable Canadian securities laws. The company may elect to pay a finder’s fee to eligible finders in connection with applicable securities laws and CSE policies in connection with this transaction. 공시 • Sep 09
G2 Energy Corp. Appoints Mr. David Whitby as the President G2 Energy Corp. (the Company or G2) announced that it has appointed Mr. David Whitby as the President of the company effective 07 Sept. 2022. Dave has been working with the company for the past year and is currently a director of the Company. Mr. Whitby replaces Slawomir (Slawek) Smulewicz who has been appointed as Executive Chairman. Mr. Smulewicz remains as Chief Executive Officer and Director of the Company. As outlined in the December 24, 2021 news release, Mr. Whitby is a senior executive with 40 years of industry experience in the oil and gas sector. Mr. Whitby is well known in South East Asia, Australia, and Canada with broad experience, who has been relied upon to successfully manage complex situations, having worked for 14 years with Husky in Canada and 12 years for Gulf Canada/ConocoPhillips in Indonesia and Australia. Dave grew up in Swift Current, Saskatchewan and studied Mechanical engineering at the Royal Military College of Canada, and served in the Base Engineering Unit at CFB Calgary before joining Husky Oil as a field engineer in Lloydminster. After a stint in the Huskys reservoir group, Dave packed up the family and moved to Indonesia. Upon returning from Indonesia, he was promoted to Vice President of Huskys Heavy Oil group. 공시 • Sep 08
G2 Energy Corp. Appoints James Tague as Director and Chief Operating Officer G2 Energy Corp. announced that it has appointed Mr. James Tague, current President of G2’s wholly owned subsidiary G2 Energy Holdings US Inc. to its board of directors and as Chief Operating Officer of the company. As outlined in the July 14, 2022 news release, Mr. Tague brings 25 years of oil and gas experience to G2 Energy. To date, Mr. Tague has been responsible for the identification of the current assets and those under future consideration. James has also been the lead on all the due diligence on the oil and gas assets to evaluate their commercial potential and their strategic fit for G2. Prior to joining the G2 management team, Mr. Tague served as a Principal Consultant for the Performance Analytics Group, LLC. To be clear, he is now under an exclusive contract with G2. He is the former CFO of Gazelle Transportation, Senior Vice President of Corporate Planning and Development for E&B Natural Resources, Manager of Corporate Planning for Murphy Oil and Senior Planning Analyst and Production Engineer for Chevron. In addition to his industry experience, Mr. Tague flew in the U.S. Navy as a carrier-based E-2C Hawkeye Naval Flight Officer. Mr. Tague has a B.S. in Materials Science and Engineering (with Honors) from the University of Florida, a M.S. in Petroleum Engineering from the University of Texas, and an MBA from the University of Phoenix. 공시 • Aug 17
G2 Energy Corp. Provides Update on Masten Unit Operations G2 Energy Corp. provided an operational update on its wholly owned Masten Unit. G2 expects to begin work on several wells in the latter half of August, or early September. Wells scheduled for workovers include the Masten C-5, the Masten A-1 and the older Masten K-1 well. The C-5 is scheduled first, and the work includes plugging back the lower formations and perforating the upper P-1 gas zone. The P-1 is a prolific gas zone within the San Andres formation. Nearby wells could produce 25-100 mcf/d and similar production rates are expected. The A-1 is a prolific well which is currently down for tubing repairs. G2 will repair the tubing and conduct a chemical clean-out and stimulation of the producing zones. Based on this well's history, it is anticipated that its original rate of 10 bopd could be restored. The older K-1 is a prolific gas well that needs to be placed on pump in order to move the produced water. Initial testing of the well's integrity will be conducted after which the well will be placed on a pump and production restored. If successful, this well could add up to an additional 100 mcf/d to Masten's production. Volumes from these workovers will be evident as the work is completed, with revenues from this work expected to show up in October. G2 will provide an operational update on this work in September. 공시 • Jul 15
G2 Energy Corp. Appoints James Tague as President of G2 Energy Holdings U.S., Inc G2 Energy Corp. announced that James Tague has been appointed as President of its wholly owned subsidiary G2 Energy Holdings U.S. In this role, Mr. Tague will manage the operational, financial, and business development of G2 Energys U.S. operations including its recently acquired Masten Unit. Jim is the premier leader for company's US based operations said Slawek Smulewicz, G2 Energys CEO and President. Jim has worked with the company from the beginning and has been instrumental in transitioning G2 Energy into a profitable and growing oil and gas company. He is intimately familiar with the company's assets and has the engineering and financial acumen to manage the U.S. operations intelligently. Mr. Tague brings 25 years of oil and gas experience to G2 Energy. Prior to joining the G2 management team, Mr. Tague served as a Principal Consultant for the Performance Analytics Group, LLC a boutique consulting firm specializing in oil and gas performance analysis, acquisitions, and portfolio planning. He is the former CFO of Gazelle Transportation, Senior Vice President of Corporate Planning and Development for E&B Natural Resources Manager of Corporate Planning for Murphy Oil and Senior Planning Analyst and Production Engineer for Chevron. Mr. Tague is also the author of PennWell Publishings bestselling "Oil &Gas Performance Analysis " and the soon to be released Oil &Gas Reserves in Non-technical Language. In addition to his industry experience, Mr. Tague flew in the U.S. Navy as a carrier-based E-2C Hawkeye Naval Flight Officer. Mr. Tague has a B.S. in Materials Science and Engineering (with Honors) from the University of Florida, a M.S. in Petroleum Engineering from the University of Texas, and an MBA from the University of Phoenix. 공시 • Jun 24
G2 Energy Corp. Provides Oil and Gas Production Update on Masten Unit Operations G2 Energy Corp. provided an operation update on its wholly owned Masten Unit (Masten). For greater clarity, while the Masten Unit transaction was closed in the month of June 2022, all cash flow since the effective date of April 1, 2022 belongs to G2. During the month of April 2022, Masten produced 1,711 BBLs of oil, earning USD 176,018 of revenue (average realized price of USD 102.87/BBL) and 3,049 MCF of gas, earning USD 16,663 of revenue (average realized price of USD 5.46/MCF). Board Change • Jun 14
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. President, CEO, Corporate Secretary & Director Slawek Smulewicz is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 