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NASHVILLE, Tenn. — The NCAA FCS championship game will have a new, short-term home for the 2025 and 2026 seasons, heading to Nashville, Tennessee. The Nashville Sports Council and the Ohio Valley Conference, along with partners Vanderbilt University and the city of Nashville, have been awarded the 2026 and 2027 Division I Football Championship games, the NCAA announced on Thursday. ADVERTISEMENT Nashville will be the 11th city to host the Football Championship Subdivision (FCS) Championship since 1978. The games will be played at FirstBank Stadium on the campus of Vanderbilt University on Monday, Jan. 5, 2026 and Monday, Jan. 4, 2027. Toyota Stadium in Frisco, Texas, the host of the game since 2010, originally had been slated to host through 2027. Due to a recently announced multiyear renovation project to begin after this year's contest, it became necessary to look at other sites, the NCAA said. The location of the game beyond 2027 will be determined in a future bid cycle. "The city of Frisco and Toyota Stadium are incredible partners and have helped grow our championship to an exceptional level the past 15 years," said Ty Halpin, NCAA director of championships, in a statement. "Frisco holds a special place in the history of the championship and in the hearts of our institutions and fans. The committee looks forward to seeing the renovations to the stadium in Frisco." FCS football fans in the Dakotas have gotten used to Frisco. North Dakota State has made 10 trips to Frisco since 2011, winning nine titles, while South Dakota State is the two-time defending FCS national champions, and also qualified in May 2021 in the COVID-impacted spring football season. "On behalf of the committee, we are very excited to bring FCS football to Nashville," said Matt Larsen, athletics director at North Dakota State and chair of the Division I Football Championship Committee. "We considered a number of finalists, but Nashville set themselves apart. The opportunity to continue to grow the game and our brand in a setting like this is something we know the FCS community as a whole will be excited about." Vanderbilt's newly renovated First Bank Stadium seats approximately 35,000 and features modern facilities and fan-focused amenities with a state-of-the-art locker room and four-level press box. The nearby John Rich Complex offers three practice fields, a 2,000 sq. ft. weight room, and synthetic turf matching the stadium’s surface ensuring consistency for the athletes. The FCS championship was previously played in the state of Tennessee from 1997 to 2009 when Chattanooga served as the host. ADVERTISEMENT The 2025 FCS Championship game will be played in Frisco on Monday, January 6 at 6 p.m. Central time and will air on ESPN.
Dejounte Murray is rejoining the Pelicans vs. Toronto and drawing inspiration from his motherMore than $1-billion spent cleaning up inactive wells in Alberta led to only 5 per cent reduction, report findsAround 10:25 PM on December 3, 2024 (KST), South Korean President Yoon Suk Yeol appeared on national television and declared “martial law” for the first time since 1979. For the next six hours, Koreans remained awake and alert through the night, watching the chaos unfold and bracing for the worst . It was at 4:30 AM on December 4, 2024 (KST), soon after 190 of the 190 attending National Assembly members voted to block martial law , when President Yoon accepted the parliament’s decision, withdrew the military forces, and presided over a Cabinet meeting to approve the resolution to revoke martial law. President Yoon Suk Yeol Withdraws Emergency Martial Law Considering the current political landscape in Korea, where the Democratic and other parties —referred to as the yadang or the “opposition party” as a whole—hold a whopping majority of 190 out of the 300 seats in the National Assembly, it might have been “a losing battle from the start,” according to Money Today . So then, why did President Yoon declare martial law and what is going to happen next? When declaring martial law, President Yoon cited “pro-North, anti-state forces” as the problem and claimed he will “rebuild and defend the free Republic of Korea” from such forces “plundering the freedom and happiness of the people.” Dear citizens. I hereby declare martial law to protect the free Republic of Korea from the threats posed by the North Korean communist forces and to eradicate the shameless pro-North, anti-state forces that are plundering the freedom and happiness of our people. This measure is taken to uphold the order of our free constitutional system. Through this martial law, I will rebuild and defend the free Republic of Korea, which is teetering on the brink of ruin. To this end, I pledge to thoroughly eliminate the anti-state forces that have persistently engaged in destructive acts against our nation. This is an unavoidable step to safeguard the freedom and security of our people, ensure the sustainability of our nation against subversive threats, and pass on a proper country to future generations. I will work swiftly to eradicate these anti-state forces and restore normalcy to the nation. While this declaration of martial law may cause inconvenience to law-abiding citizens who uphold the values of the Constitution, I will do my utmost to minimize these disruptions. This measure is essential for ensuring the enduring continuity of the free Republic of Korea. It does not alter our commitment to contributing to and upholding our responsibilities in the international community. As your President, I earnestly appeal to you. I place my trust solely in you, the people, and I will dedicate my entire being to defending the free Republic of Korea. Please believe in me. Thank you. — President Yoon Suk Yeol Who are the “pro-North, anti-state forces,” tough? According to BBC Korea , President Yoon has taken on a much tougher stance on North Korea compared to previous presidents, and he has often referred to the opposition party as “pro-North” without providing specific evidence. BBC Korea also pointed out that since April 2024, when the opposition party secured a sweeping victory in the general elections, President Yoon has been “in a de facto ‘lame-duck’ state.” So, when Yoon expressed dissatisfaction toward the opposition party again in his statement addressing the nation as he lifted martial law, the motivation became rather clear. I urge the National Assembly to immediately cease the reckless acts of paralyzing state functions through repeated impeachments, legislative manipulation, and budget obstruction. — President Yoon Suk Yeol President Yoon’s administration has been unable to pass any of its desired legislation—which he called “legislative manipulation.” In addition, as of Late November 2024, the opposition party proposed a bill to significantly cut the government’s budget—a type of legislation the president cannot veto. This, he referred to as “budget obstruction.” Most importantly, as President Yoon’s approval rating plummeted amid his multiple corruption scandals—including the one surrounding the First Lady and her Dior bag, the opposition party pursued fierce impeachment proceedings against President Yoon’s line of prosecutors, Cabinet members, and other key personnel for failing to investigate the scandals. In other words, based on the statements and previous struggles that his administration was facing, BBC Korea reported that “President Yoon had taken this extreme measure in response to a series of political failures.” Experts suggest that President Yoon was driven into a situation where he had no choice but to invoke martial law, a form of military governance, as a tactic to defend against political attacks. — BBC Korea Now that his “extreme measure” has fallen apart, what will happen to President Yoon? Money Today noted that, although President Yoon accepted the National Assembly’s demand to lift martial law, the aftermath of his declaration is expected to be unfathomable. Meet Ahn Gwi Ryeong, The Badass Woman Who Took On An Armed Korean Soldier The opposition party has since claimed that President Yoon’s declaration of martial law should be subject to charges of “rebellion,” an act of armed resistance against the authority of the state. According to Article 60 of the South Korean Constitution, the president is not subject to criminal prosecution during their term except in cases of rebellion or treason. Therefore, if the charge of rebellion is applied to President Yoon, even a sitting president could face prosecution and punishment. For rebellion, the penalty can include the death sentence, life imprisonment, or imprisonment for more than five years. Even if such a charge is not applied, it is highly likely President Yoon will face impeachment proceedings. As of December 4, 2024, the “Yoon Suk Yeol Impeachment Coalition of National Assembly Members” announced plans to initiate a motion for impeachment against President Yoon. According to The JoongAng , the Impeachment Coalition held a press conference at the National Assembly on the same day and stated, “President Yoon has opened the door to impeachment himself,” adding, “Now, impeachment of President Yoon has become something that must be done.” We will push forward with the impeachment motion and prepare for what comes after impeachment swiftly. Due to the reckless declaration of martial law, the Yoon administration is now over. The president and those around him have clearly shown how unconstitutional and anti-democratic they are. — Yoon Suk Yeol Impeachment Coalition of National Assembly Members What's Happening In Korea Meet Ahn Gwi Ryeong, The Badass Woman Who Took On An Armed Korean Soldier President Yoon Suk Yeol Withdraws Emergency Martial Law South Korean National Assembly Votes To Block President’s “Emergency Martial Law” South Korean President Yoon Suk Yeol Declares “Emergency Martial Law” View All (387)
Homebound seniors living alone often slip through health system’s cracksNone
CEDAR FALLS -- After a nationwide search, Northern Iowa has announced it stayed in-state and hired Drake University's Todd Stepsis as its new football coach. Stepsis replaces Mark Farley, who announced his retirement on Nov. 10 after 183 victories over 24 seasons. Stepsis is the 24th head coach in UNI program history. In a release from UNI president Mark Nook and Director of Athletics Megan Franklin, Stepsis has agreed to a five-year deal to be the Panthers head coach and will be officially introduced at a press conference at a later date. Drake football coach Todd Stepsis celebrates a touchdown with his team against West Virginia Wesleyan on Thursday, Sept. 2, 2021, at Drake Stadium in Des Moines. Register file photo Stepsis "Cheryl and I are looking forward to cheering on Coach Stepsis and the Panthers under his direction," Nook said. "We are pleased to welcome Coach Stepsis and his family to the Cedar Valley. Coach Stepsis has created an exemplary record of helping young men and football programs develop and grow during his previous coaching stops. We hope that he and his family will call the University of Northern Iowa and the Cedar Valley home for many years." Stepsis, a Shelby, Ohio native, served as Drake's head coach since 2018 and has compiled a 29-32 mark with the Bulldogs, that includes Drake going 8-4 and 8-3 the past two seasons with consecutive trips to the FCS playoffs. The last three seasons, Stepsis has also served as Drake's offensive coordinator. "This is an exciting day for UNI football players, alumni, fans and donors as we announce the hiring of head coach Todd Stepsis," Franklin said in a release. "Todd is a mentor of men. His winning culture is predicated on the cultivation of the very best from the brotherhood of the team. Coach Stepsis has been a winner from his playing days to serving as a head coach. His experience as both an offensive and defensive coordinator gives him a unique edge in the head coaching role." Drake University head football coach Todd Stepsis celebrates a touchdown with his team in the first quarter against West Virginia Wesleyan on Thursday, Sept. 2, 2021, at Drake Stadium in Des Moines, Iowa. Bryon Houlgrave/The Register Franklin was part of the hiring team and was the sport administrator for football at Drake when Stepsis was hired to be the Bulldogs head coach. "Todd is the absolute right leader of the next era of men in the UNI locker room and on the coaching staff, and he will embrace our storied alumni," Franklin continued. "Todd's vision to recruit and mentor men who lead on the field, on campus, and in the community will result in winning championships and graduating men of service to their families, professions and communities. Join me in welcoming Todd, Angie, Addison, and Avery, Zander, and Zoe to the UNI Panther family." Stepsis played at Division II Ashland University and began his coaching career at Otterbine University in 1999. From 2000-08, he was an assistant at Capital University, before serving as Saginaw Valley State's defensive coordinator where he helped the Cardinals reach the Division II playoffs three times. He was hired by Drake in 2014 to serve as defensive coordinator in 2014. Then on Dec. 21, 2018, he was named head coach of the Bulldogs. Stepsis has been named Pioneer League Coach of the Year in back-to-back seasons. Drake head football coach Todd Stepsis answers questions from local media during the Drake Football media day at Drake Stadium on Thursday, Aug. 18, 2022 in Des Moines. Bryon Houlgrave/The Register In 2023, after back-to-back losses to North Dakota and South Dakota State, Stepsis led the Bulldogs on an eight-game win streak that helped them secure the program's first FCS playoff berth in school history. This season, Drake opened with a thrilling overtime win at Eastern Washington. The Bulldogs' season ended Saturday with a 43-29 loss to Tarleton State in first round of the FCS playoffs. "On behalf of Angie and our family, we are extremely grateful to President Nook and Megan for extending us this tremendous opportunity at the University of Northern Iowa," Stepsis said. "I have a great appreciation for the winning tradition of UNI Football, as well as the litany of respected and highly successful head coaches who have held this role. "As someone who has lived in Iowa for the past decade and who has recruited across the Midwest, I know the reputation of excellence that University of Northern Iowa carries as both an academic institution and as an athletic department," Stepsis continued. "We will seek to live up to that championship legacy and field teams that all UNI students and alums can be proud of. Angie and I are looking forward to raising our family in a community like Cedar Falls. We can't wait to get there to meet the team, the support staff and the fans. We're going to have a lot of fun together in the UNI-Dome!"Dejounte Murray is rejoining the Pelicans vs. Toronto and drawing inspiration from his mother
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Edward C. Tuchek, 89/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES . ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./ CALGARY, AB , Nov. 26, 2024 /CNW/ - Logan Energy Corp. LGN (" Logan " or the " Company ") is pleased to announce that it has entered into a definitive agreement today to acquire an operated 50% working interest in certain assets located in the Company's core area at Simonette, Alberta , for a cash purchase price of $52.0 million , before closing adjustments (the " Acquisition "). Logan is also pleased to announce an equity financing to be offered on a bought deal, private placement basis, led by National Bank Financial Inc. and Eight Capital as joint bookrunners and co-lead underwriters, for aggregate gross proceeds of $35.0 million (the " Equity Offering "). ACQUISITION HIGHLIGHTS Logan has entered into an asset purchase agreement with a subsidiary of Gran Tierra Energy Inc., a publicly-traded oil and gas company (the " Vendor "), pursuant to which the Company will acquire an operated 50% working interest in certain assets in the Simonette area, primarily targeting the Montney , and 100% of the Vendor's interest in certain Simonette gross overriding royalties (the " GORRs ") (collectively, the " Acquired Interest ") for cash consideration of $52.0 million , before closing adjustments. The Acquisition has an effective date of September 1, 2024 , and is expected to close on or around December 17, 2024 , subject to the satisfaction or waiver of customary closing conditions. The Acquisition includes current production of approximately 795 BOE/d (48% liquids), 25 net (52.5 gross) sections of highly prospective Montney acreage including 45 net identified Montney drilling locations, 16 gross 5-10% GORR sections, and interests in important infrastructure including a 50% working interest in a 9 million barrel water reservoir and an oil battery at 06-09-061-27W5. The Acquisition augments Logan's long term organic growth plan and is consistent with its stated strategy. Pro forma the Acquisition, Logan plans to achieve production growth to between 24,000 to 27,000 BOE per day by 2028, up from its previously stated target of 20,000 to 25,000 BOE per day by 2028. The high-quality oil weighted inventory being acquired is accretive to Logan's inventory and drives compelling full cycle returns on the Acquisition. VALUE PROPOSITION AND ACCRETION 2025 accretion of 11% to AFF per share (moderated by cycle time to add production) 2026-2029 accretion of 13-18% to AFF per share relative to Logan on a standalone basis Top tier Montney oil drilling locations add to Logan's inventory depth and provide torque to strong crude oil prices; South Simonette Lower Montney TPP forecast type curve of 520 mbbl of oil expected to deliver a NPV of approximately $14 million discounted at 10% before-tax 1 Removes 5-10% GORRs from 38 of Logan's net Montney locations, improving project economics Two-layer co-development of Lower and Middle Montney improves capital efficiencies and reduces proportionate infrastructure spending The strong synergies with Logan's existing owned gathering and processing will result in operating cost savings of over $7.5 million in the first five years of development on the acquired assets Eliminates approximately $13.0 million in near-term infrastructure capital from Logan's current five-year plan Expected to improve Logan's realized pricing due to the increase in liquids weighting, while maintaining Logan's long term cost structure (operating expenses are forecast to be less than $8.00 /BOE by 2027) __________________________________ 1 Based on the Vendor's 2023 Reserve Evaluation (defined herein) and the 3 consultant average price forecast at December 31, 2023. ACQUISITION METRICS Purchase Price (1) $52.0MM Q3 2024 Production (2) 795 BOE/d (48% liquids) 2025 Production (Forecast) (3) 1,440 BOE/d (55% liquids) 2025 Operating Netback (Forecast) (4) $34.51 / BOE 2025 Operating Income (Forecast) (4) $18.1MM Montney Drilling Locations – booked (5) 45 gross (22.5 net) Montney Drilling Locations – unbooked (5) 54 gross (22.5 net) Proved Developed Producing Reserves (6)(7) 933 mBOE Reserve Life Index (8) ~ 3.2 years Total Proved Plus Probable Reserves (6)(9)(10) 13,958 mBOE Reserve Life Index (8) ~ 48.1 years NPV of Reserves (before-tax at 10%) PDP $6.6MM / TPP $154.7MM Decommissioning Obligations (Undiscounted) (11) ~ $6.0MM Notes: Refer to "Reader Advisories". EQUITY OFFERING Logan has entered into an agreement with a syndicate of underwriters (the " Underwriters ") led by National Bank Financial Inc. and Eight Capital as joint bookrunners and co-lead underwriters (the " Lead Underwriters "), pursuant to which the Underwriters have agreed to purchase for resale on a private placement, bought deal basis, 47,946,000 common shares (" Common Shares ") at a price of $0.73 per Common Share for aggregate gross proceeds of approximately $35.0 million . It is anticipated that certain directors, officers and employees of the Company will subscribe for approximately $2.8 million of the Equity Offering. Closing of the Equity Offering will be conditional on the completion of the Acquisition. Logan intends to use the net proceeds from the Equity Offering to repay indebtedness incurred to fund a portion of the purchase price for the Acquisition. 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 immediately following the Acquisition, on or around December 17, 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. ADVISORS National Bank Financial Inc. and Eight Capital are acting as financial advisors to Logan in respect of the Acquisition and the Equity Offering. Stikeman Elliott LLP is acting as legal counsel to Logan in respect of the Acquisition and the Equity Offering. Burnet, Duckworth & Palmer LLP is acting as legal counsel to the underwriters in respect of the Equity Offering. PRO FORMA 2024 GUIDANCE Logan has updated its guidance for 2024 to reflect the Acquisition and Equity Offering, including an expanded budget for Capital Expenditures before A&D of $157 million (previously $140 million ). Additionally, the Company has reduced its average production guidance for 2024 by 3% to approximately 8,400 BOE/d (previously 8,700 BOE/d) due to voluntary shut-ins of uneconomic natural gas production, deferral of certain production optimization projects until gas prices recover, and delayed onstream and intermittent run time from the Company's exploratory well at Lator. Despite lower production and weaker natural gas prices for the second half of 2024 than previously forecast, Logan's guidance for 2024 Adjusted Funds Flow of approximately $52 million is unchanged from previous guidance due to lower cash costs. Assuming a closing date of December 17, 2024 , the Acquisition will have a minimal contribution to 2024 average production and Adjusted Funds Flow. The increase in the capital expenditure budget primarily includes acceleration of projects originally planned for the first quarter of 2025 into the fourth quarter 2024, including one drill and two completions at Simonette and commencing construction for the Pouce Coupe Infrastructure ahead of schedule, to level load activity in preparation for a further expanded 2025 development program pro forma the Acquisition. Additionally, the expanded 2024 budget includes pad construction and drilling of the first joint well in the Lower Montney on the acquired assets. For the year ending December 31, 2024 Previous Guidance Updated Guidance Change % Average production (BOE/d) (1) 8,700 8,400 (300) (3) % Liquids 34 % 34 % 0 % - Forecast Average Commodity Prices WTI crude oil price (US$/bbl) 75.67 75.67 - - AECO natural gas price ($/GJ) 1.48 1.37 (0.11) (7) Average exchange rate (CA$/US$) 1.36 1.36 - - Operating Netback, after hedging ($/BOE) (1)(2) 18.40 19.04 0.64 3 Adjusted Funds Flow ($MM) (1)(2) 52 52 - - AFF per share, basic (2)(4) 0.11 0.11 - - Capital Expenditures before A&D ($MM) (2) 140 157 17 12 Acquisitions (3) - 63 63 nm Net Debt (Surplus), end of year ($MM) (2) (1) 47 48 nm Common shares outstanding, end of year (MM) (4) 534 582 48 9 (1) Additional information regarding the assumptions used in the forecasts of average production, Operating Netback and Adjusted Funds Flow are provided under "Reader Advisories" below. (2) "Operating Netback, after hedging", "Adjusted Funds Flow", "AFF per share", "Capital Expenditures before A&D" and "Net Debt (Surplus)" do not have standardized meanings under IFRS Accounting Standards, see "Non-GAAP Measures and Ratios" section of this press release. (3) Includes the $52.0 million purchase price for the Acquisition plus $8.1 million of estimated closing adjustments plus an assumed liability of $2.7 million estimated to carry the Vendor's share of the first Simonette drill. (4) The forecast of basic Common Shares outstanding assumes closing of the Equity Offering for aggregate gross proceeds of $35.0 million. AFF per share is based on the estimated basic weighted average common shares outstanding during the year. Refer to additional information regarding outstanding dilutive securities under the heading of "Share Capital" in this press release. PRO FORMA 2025 BUDGET Logan is pleased to provide details of its pro forma budget for 2025, which is focused on delivering material liquids growth through accelerated development at Pouce Coupe together with an expanded program at Simonette pro forma the Acquisition. Additionally, the Company will continue to advance its positions in the Alberta Duvernay and at Flatrock, British Columbia , invest heavily in infrastructure and reserve capital for additional land capture opportunities. The pro forma capital expenditure budget of $195 million includes approximately $35 million directed to the acquired assets. The 2025 capital expenditure budget remains elevated relative to other years within Logan's five year plan due to the one-time Pouce Coupe infrastructure costs (details of the Pouce Coupe infrastructure project are provided in the Company's press release dated September 12, 2024 ). In addition to constructing and commissioning the Pouce Coupe infrastructure, the Company plans to bring on production nine net wells at Pouce Coupe , five net wells at Simonette, and one well at Ante Creek driving 2025 average production of approximately 13,650 BOE per day (additional information regarding all drilling activity is provided under the heading "Reader Advisories – Assumptions for Guidance – Planned Activity"). The pro forma 2025 budget delivers (from 2024E to 2025E): 63% average production growth (62% per share); 91% oil and condensate growth; 20% decrease in average per unit operating and transportation costs; 131% Adjusted Funds Flow growth; and 91% Adjusted Funds Flow per share growth after giving effect to the Equity Offering. The Company's pro forma guidance for 2025 after giving effect to the Acquisition and Equity Financing is summarized as follows: For the year ending December 31, 2025 2025 Preliminary Budget 2025 Pro Forma Budget Change % 2025 average production (BOE/d) (1) 12,800 13,650 850 7 % Liquids 37 % 40 % 3 % 8 H2 2025 average production (BOE/d) (1) 14,500 15,750 1,250 9 % Liquids 38 % 42 % 4 % 11 Forecast Average Commodity Prices (2)(4) WTI crude oil price (US$/bbl) 70.00 70.00 - - AECO natural gas price ($/GJ) 2.50 2.50 - - Average exchange rate (CA$/US$) 1.35 1.35 - - Operating Netback, after hedging ($/BOE) (1)(3)(4) 25.92 27.80 1.88 7 Adjusted Funds Flow ($MM) (1)(3) 103 120 17 17 AFF per share, basic (3) 0.19 0.21 0.02 11 Capital Expenditures before A&D ($MM) (3) 170 195 25 15 Net Debt, end of year ($MM) (3) 66 122 56 85 Common shares outstanding, end of year (MM) (5) 534 582 48 9 (1) Additional information regarding the assumptions used in the forecasts of average production, Operating Netback and Adjusted Funds Flow are provided under "Reader Advisories" below. (2) Forecast natural gas prices have decreased since announcing the Company's preliminary 2025 budget in September 2024. For purposes of comparing pro forma guidance with the Acquisition to Logan's stand alone plan, we have held commodity price assumptions constant. Refer to commodity price sensitivities under the heading of "Reader Advisories". (3) "Operating Netback, after hedging", "Adjusted Funds Flow", "AFF per share", "Capital Expenditures before A&D" and "Net Debt" do not have standardized meanings under IFRS Accounting Standards, see "Non-GAAP Measures and Ratios" section of this press release. (4) A summary of outstanding commodity price risk management contracts is provided under the heading "Reader Advisories - Assumptions for Guidance – Commodity Hedging". (5) The forecast of basic Common Shares outstanding assumes closing of the Equity Offering. AFF per share is based on the estimated basic weighted average common shares outstanding during the year. Refer to additional information regarding outstanding dilutive securities under the heading of "Share Capital" in this press release. ABOUT LOGAN ENERGY CORP. Logan is a growth-oriented exploration, development and production company formed through the spin-out of the early stage Montney assets of Spartan Delta Corp. Logan was founded with a strong initial capitalization and three high quality and opportunity rich Montney assets located in the Simonette and Pouce Coupe areas of northwest Alberta and the Flatrock area of northeastern British Columbia and has recently established a position within the greater Kaybob Duvernay oil play with assets in the North Simonette, Ante Creek and Two Creeks areas. The management team brings proven leadership and a track record of generating excess returns in various business cycles. READER ADVISORIES Notes to Acquisition Metrics table : 1) The purchase price to be paid by Logan in respect of the Acquisition is $52.0 million in cash, before closing adjustments. The Company expects purchase price adjustments, which include estimated cash flows, capital expenditures, and interest between the effective date of September 1, 2024 and closing to be approximately $8.1 million in favour of the Vendor due to recent drilling activity. Additionally, Logan has agreed to carry the Vendor's share of the first Simonette drill at an estimated cost of $2.7 million. Total consideration inclusive of closing adjustments and the drill carry is estimated to be approximately $62.8 million. 2) Average production for the third quarter of 2024 from the Acquired Interest was approximately 795 BOE/d, consisting of 325 bbl/d of oil (41%), 60 bbl/d of NGLs (7%), and 2,460 mcf/d of natural gas (52%). 3) Average production forecast for 2025 is approximately 1,440 BOE/d, consisting of 725 bbl/d of oil (50%), 65 bbl/d of NGLs (5%), and 3.9 mmcf/d of natural gas (45%). 4) 2025 Operating Netback and Operating Income forecast based on commodity price assumptions of US$70/bbl WTI and $2.50/GJ AECO. Operating Income and Operating Netback are non-GAAP measures. See " Non-GAAP Measures and Ratios " for additional details. 5) Of the 99 gross (45 net) identified Montney locations, there are 45 gross (22.5 net) booked locations in the Vendor's 2023 Reserve Evaluation (defined below) with an additional 54 gross (22.5 net) of unbooked locations identified by Logan. See " Drilling Locations " for additional details. 6) Proved developed producing reserves (" PDP ") and total proved plus probable reserves (" TPP ") are based on the Vendor's 2023 Reserve Evaluation. Reserves volumes and values are based on working interest reserves of the Acquired Interest before deduction of royalties and without including any of royalty interest reserves. See " Reserves Disclosure " for additional details. 7) PDP consisting of 322 MMbbl of crude oil (34%), 102 MMbbl of NGLs (11%), and 3,057 MMcf of natural gas (55%). 8) Reserve life index (" RLI ") is calculated by dividing PDP or TPP, as applicable, by estimated current production of the Acquired Interest of 795 BOE/d. See note (2) for a breakdown of estimated current production from the Acquired Interest by product type and note (6) for further information regarding reserves estimates. 9) TPP consisting of 8,926 MMbbl of oil (64%), 806 MMbbl of NGLs (6%), and 25,354 MMcf of natural gas (30%). 10) Future development capital of $568.2 million gross ($284.1 million net) are attributable to the Acquired Interest and represents expectations for the remainder of the booked reserves life of 5 years (2024-2028), per the TPP case in the Vendor's 2023 Reserve Evaluation. 11) Decommissioning obligations for the Acquired Interest of approximately $6.0 million (undiscounted and uninflated) are internally estimated by Logan based on AER Directive 11 updates effective June 26, 2024 as well as internal estimate of reclamation costs and site specific information. Non-GAAP Measures and Ratios This press release contains certain financial measures and ratios which do not have standardized meanings prescribed by International Financial Reporting Standards as issued by the International Accounting Standards Board (" IFRS Accounting Standards "), also known as Canadian Generally Accepted Accounting Principles (" GAAP "). As these non-GAAP financial measures and ratios are commonly used in the oil and gas industry, Logan believes that their inclusion is useful to investors. The reader is cautioned that these amounts may not be directly comparable to measures for other companies where similar terminology is used. The non-GAAP measures and ratios used in this press release, represented by the capitalized and defined terms outlined below, are used by Logan as key measures of financial performance and are not intended to represent operating profits nor should they be viewed as an alternative to cash provided by operating activities, net income or other measures of financial performance calculated in accordance with IFRS Accounting Standards. The definitions below should be read in conjunction with the "Non-GAAP and Other Financial Measures" section of the Company's MD&A dated November 13, 2024 , which includes discussion of the purpose and composition of the specified financial measures and detailed reconciliations to the most directly comparable GAAP financial measures. Operating Income and Operating Netback Operating Income, a non-GAAP financial measure, is a useful supplemental measure that provides an indication of the Company's ability to generate cash from field operations, prior to administrative overhead, financing and other business expenses. " Operating Income, before hedging " is calculated by Logan as oil and gas sales, net of royalties, plus processing and other revenue, less operating and transportation expenses. " Operating Income, after hedging " is calculated by adjusting Operating Income, before hedging for realized gains or losses on derivative financial instruments. The Company refers to Operating Income expressed per unit of production as an " Operating Netback " and reports the Operating Netback before and after hedging, both of which are non-GAAP financial ratios. Logan considers Operating Netback an important measure to evaluate its operational performance as it demonstrates its field level profitability relative to current commodity prices. Adjusted Funds Flow Cash provided by operating activities is the most directly comparable measure to Adjusted Funds Flow. " Adjusted Funds Flow " is reconciled to cash provided by operating activities by excluding changes in non-cash working capital, adding back transaction costs on acquisitions (if applicable). Logan utilizes Adjusted Funds Flow as a key performance measure in the Company's annual financial forecasts and public guidance. The Company refers to Adjusted Funds Flow expressed per unit of production as an " Adjusted Funds Flow Netback ". Adjusted Funds Flow per share (" AFF per share ") AFF per share is a non-GAAP financial ratio used by the Logan as a key performance indicator. The basic and/or diluted weighted average Common Shares outstanding used in the calculation of AFF per share is calculated using the same methodology as net income per share. Capital Expenditures Logan uses " Capital Expenditures before A&D " to measure its capital investment level compared to the Company's annual budgeted capital expenditures for its organic drilling program, excluding acquisitions or dispositions. " Capital Expenditures " is calculated by adding cash acquisition costs, net of proceeds from dispositions to Capital Expenditures before A&D. The directly comparable GAAP measure is cash used in investing activities, before changes in non-cash investing working capital. Net Debt (Surplus) Throughout this press release, references to " Net Debt (Surplus) " includes any long-term debt outstanding on the Company's revolving and term credit facilities, net of Adjusted Working Capital. Net Debt and Adjusted Working Capital are both non-GAAP financial measures. "Adjusted Working Capital" is calculated as current liabilities less current assets, excluding derivative financial instrument assets and liabilities. Supplementary Financial Measures The supplementary financial measures used in this press release (primarily average sales price per product type and certain per BOE and per share figures) are either a per unit disclosure of a corresponding GAAP measure, or a component of a corresponding GAAP measure, presented in the financial statements. Supplementary financial measures that are disclosed on a per unit basis are calculated by dividing the aggregate GAAP measure (or component thereof) by the applicable unit for the period. Supplementary financial measures that are disclosed on a component basis of a corresponding GAAP measure are a granular representation of a financial statement line item and are determined in accordance with GAAP. Assumptions for Guidance Logan expects production to average approximately 8,400 BOE/d during 2024 and 13,650 BOE/d in 2025. The significant assumptions used in the forecast of Operating Netbacks and Adjusted Funds Flow for the Company's 2024 and 2025 Guidance are summarized below. Production Guidance 2024 Previous Guidance 2024 Pro Forma Guidance Change % 2025 Preliminary Budget 2025 Pro Forma Budget Change % Crude Oil (bbls/d) 2,025 2,345 16 3,045 4,780 57 Condensate (bbls/d) 600 175 (71) 1,190 25 (98) Crude oil and condensate (bbls/d) 2,625 2,520 (4) 4,235 4,805 13 NGLs (bbls/d) 310 365 18 465 615 32 Natural gas (mcf/d) 34,590 33,090 (4) 48,600 49,380 2 Combined average (BOE/d) 8,700 8,400 (3) 12,800 13,650 7 % Liquids 34 % 34 % - 37 % 40 % 8 Financial Guidance ($/BOE) Oil and gas sales 36.17 35.89 (1) 40.42 42.46 5 Processing and other revenue 0.93 1.05 13 0.55 0.57 4 Royalties (3.41) (3.22) (6) (3.30) (3.32) 1 Transportation expenses (3.26) (3.06) (6) (2.50) (2.70) 8 Operating expenses (12.62) (12.23) (3) (9.54) (9.50) (0) Operating Netback, before hedging 17.81 18.43 3 25.63 27.51 7 Realized gain (loss) on derivatives 0.59 0.61 3 0.29 0.29 - Operating Netback, after hedging 18.40 19.04 3 25.92 27.80 7 General and administrative expenses (1.95) (1.96) 1 (1.54) (1.65) 7 Financing expenses (0.04) (0.00) (100) (1.36) (1.76) 29 Current income taxes - - - (0.57) - (100) Decommissioning obligations (0.20) (0.24) 20 (0.38) (0.36) (5) Adjusted Funds Flow 16.21 16.84 4 22.07 24.03 9 Planned Activity Area Net (Gross) Wells Drilled Net (Gross) Wells Completed Net (Gross) Wells Onstream 2024 Simonette 5.5 (6) 6 4 Pouce Coupe 3 3 3 Flatrock - - - Ante Creek 1 - - 2025 Simonette 5 (8) 5 (7) 5 (6) Pouce Coupe 9 9 9 Flatrock 2 - - Ante Creek - 1 1 Note: Net and gross well counts are the same if not otherwise noted. Guidance Sensitivities Changes in forecast commodity prices, exchange rates, differences in the amount and timing of capital expenditures, and variances in average production estimates can have a significant impact on the key performance measures included in Logan's pro forma guidance for 2025. The Company's actual results may differ materially from these estimates. Holding all other assumptions constant, the table below shows the impact to forecasted Adjusted Funds Flow of a US$10 /bbl change in the WTI crude oil price, a $0.50 /GJ change in the AECO natural gas price, and a $0.05 change in the CA$/US$ exchange rate. Assuming capital expenditures are unchanged, an increase (decrease) in Adjusted Funds Flow will result in an equivalent decrease (increase) in forecasted Net Debt. Year Ending December 31, 2025 – Change in Adjusted Funds Flow ($MM) AECO / WTI US$60.00/bbl US$70.00/bbl US$80.00/bbl CA$/US$ FX Impact $2.00/GJ ($24) ($8) $6 1.30 ($5) $2.50/GJ ($16) - $14 1.35 - $3.00/GJ ($7) $9 $20 1.40 $5 Commodity Hedging The following table summarizes the Company's financial risk management contracts in place as of the date hereof: Commodity / Contract Type Notional Volume Reference Price Fixed Contract Price Remaining Term Crude oil – swap 1,500 bbls/d WTI CA$101.33 per barrel November 1 to December 31, 2024 Crude oil – swap 100 bbls/d WTI US$74.35 per barrel November 1 to December 31, 2024 Crude oil – swap 750 bbls/d WTI US$71.60 per barrel January 1 to March 31, 2025 Crude oil – swap 1,250 bbls/d WTI US$70.84 per barrel April 1 to June 30, 2025 Crude oil – swap 1,000 bbls/d WTI US$70.46 per barrel July 1 to September 30, 2025 Crude oil – swap 500 bbls/d WTI US$70.00 per barrel October 1 to December 31, 2025 Crude oil – swap 500 bbls/d WTI CA$102.05 per barrel January 1 to December 31, 2025 Crude oil – short call 500 bbls/d WTI CA$102.05 per barrel January 1 to December 31, 2025 Natural gas – swap 20,000 GJ/d AECO CA$1.86 per GJ November 1 to 30, 2024 Natural gas – swap 5,000 GJ/d AECO CA$2.50 per GJ January 1 to March 31, 2025 Natural gas – swap 15,000 GJ/d AECO CA$2.23 per GJ April 1 to October 31, 2025 Natural gas – swap 15,000 GJ/d AECO CA$3.15 per GJ Nov 1, 2025 to March 31, 2026 As of the date hereof, Logan has an average of 1,375 bbls/d of oil hedged at an average WTI price of $99.26 per barrel (Canadian dollar equivalent based on FX of 1.38) for calendar 2025, representing approximately 31% of forecasted crude oil and condensate production (net of royalties) pro forma completion of the Acquisition. Additionally, the Company has AECO swaps in place for an average of 12,534 GJ/d of natural gas at $2.44 per GJ on average for calendar 2025, representing approximately 23% of forecasted natural gas production (net of royalties) pro forma completion of the Acquisition. Reserves Disclosure All reserves values, future net revenue and ancillary information in this press release relating to the Acquired Interest is based on the evaluation prepared by GLJ Petroleum Consultants for i3 Energy plc, the previous owner of the Acquired Interest, effective December 31, 2023 with a preparation date of March 8, 2024 (the " Vendor's 2023 Reserve Report ") and mechanically updated by the Company's internal qualified reserves evaluator to reflect the working interest in the assets to be acquired by Logan pursuant to the Acquisition, all in accordance with National Instrument 51-101 – Standards of Disclosure of Oil and Gas Activities (" NI 51-101 ") and the most recent publication of the Canadian Oil and Gas Evaluations Handbook (" COGEH "). The estimates of reserves and future net revenue for the Acquisition may not reflect the same confidence level as estimates of reserves and future net revenue for all of Logan's properties, due to the effects of aggregation. All reserve references in this press release are "gross reserves". Gross reserves are a company's total working interest reserves before the deduction of any royalties payable by such company and before the consideration of such company's royalty interests. It should not be assumed that the present worth of estimated future cash flow of net revenue presented herein represents the fair market value of the reserves. There is no assurance that the forecast prices and costs assumptions will be attained and variances could be material. The recovery and reserve estimates of Logan's crude oil, NGL and natural gas reserves, including those of the Acquired Interest, provided herein are estimates only and there is no guarantee that the estimated reserves will be recovered. Actual crude oil, natural gas and NGL reserves may be greater than or less than the estimates provided herein. Proved reserves are those reserves that can be estimated with a high degree of certainty to be recoverable. It is likely that the actual remaining quantities recovered will exceed the estimated proved reserves. Probable reserves are those additional reserves that are less certain to be recovered than proved reserves. It is equally likely that the actual remaining quantities recovered will be greater or less than the sum of the estimated proved plus probable reserves. Proved developed producing reserves are those reserves that are expected to be recovered from completion intervals open at the time of the estimate. These reserves may be currently producing or, if shut-in, they must have previously been on production, and the date of resumption of production must be known with reasonable certainty. Undeveloped reserves are those reserves expected to be recovered from known accumulations where a significant expenditure (e.g., when compared to the cost of drilling a well) is required to render them capable of production. They must fully meet the requirements of the reserves category (proved, probable, possible) to which they are assigned. Certain terms used in this press release but not defined are defined in NI 51-101, CSA Staff Notice 51-324 – Revised Glossary to NI 51-101, Revised Glossary to NI 51-101, Standards of Disclosure for Oil and Gas Activities (" CSA Staff Notice 51-324 ") and/or the COGEH and, unless the context otherwise requires, shall have the same meanings herein as in NI 51-101, CSA Staff Notice 51-324 and the COGEH, as the case may be. Drilling Locations This press release discloses drilling locations with respect to the Acquired Interest in two categories: (i) booked; (ii) unbooked locations. Booked locations identified in this press release have associated proved and/or probable locations, as applicable, and proved and probable locations were derived from the Vendor's 2023 Reserve Report in accordance with NI 51-101 and COGEH. Unbooked locations are internal estimates based on the Company's assumptions as to the number of wells that can be drilled per section based on industry practice and internal review, being 600m inter well spacing and an average horizontal well length of ~3,000m. Unbooked locations do not have attributed reserves or resources. Unbooked locations have been identified by management as an estimation of Logan's multi-year drilling activities based on evaluation of applicable geologic, seismic, engineering, production and reserves information. There is no certainty that the Company will drill all unbooked drilling locations and if drilled there is no certainty that such locations will result in additional oil and gas reserves, resources or production. The drilling locations on which the Company actually drills wells will ultimately depend upon the availability of capital, regulatory approvals, seasonal restrictions, oil and natural gas prices, costs, actual drilling results, additional reservoir information that is obtained and other factors. While certain of the unbooked drilling locations have been de-risked by drilling existing wells in relative close proximity to such unbooked drilling locations, the majority of other unbooked drilling locations are farther away from existing wells where management has less information about the characteristics of the reservoir and therefore there is more uncertainty whether wells will be drilled in such locations and if drilled there is more uncertainty that such wells will result in additional oil and gas reserves, resources or production. Other Measurements All dollar figures included herein are presented in Canadian dollars, unless otherwise noted. This press release contains various references to the abbreviation "BOE" which means barrels of oil equivalent. Where amounts are expressed on a BOE basis, natural gas volumes have been converted to oil equivalence at six thousand cubic feet (mcf) per barrel (bbl). The term BOE may be misleading, particularly if used in isolation. A BOE conversion ratio of six thousand cubic feet per barrel is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead and is significantly different than the value ratio based on the current price of crude oil and natural gas. This conversion factor is an industry accepted norm and is not based on either energy content or current prices. Such abbreviation may be misleading, particularly if used in isolation. References to "oil" in this press release include light crude oil, medium crude oil, heavy oil and tight oil combined. NI 51-101 includes condensate within the product type of "natural gas liquids". References to "natural gas liquids" or "NGLs" include pentane, butane, propane and ethane. References to "gas" or "natural gas" relates to conventional natural gas. References to "liquids" includes crude oil, condensate and NGLs. Share Capital Common shares of Logan trade on the TSXV under the symbol "LGN". As of the date hereof, there are 534.0 million Common Shares outstanding. Pro forma completion of the Equity Offering, there will be 582.0 million Common Shares outstanding. There are no preferred shares or special shares outstanding. Logan's convertible securities outstanding as of the date of this press release include: 64.3 million Common Share purchase warrants with an exercise price of $0 .35 per share expiring July 12, 2028 ; and 22.6 million stock options with an exercise price of $0.89 per share expiring November 22, 2028 . Forward-Looking and Cautionary Statements Certain statements contained within this press release constitute forward-looking statements within the meaning of applicable Canadian securities legislation. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "budget", "plan", "endeavor", "continue", "estimate", "evaluate", "expect", "forecast", "monitor", "may", "will", "can", "able", "potential", "target", "intend", "consider", "focus", "identify", "use", "utilize", "manage", "maintain", "remain", "result", "cultivate", "could", "should", "believe" and similar expressions. Logan believes that the expectations reflected in such forward-looking statements are reasonable as of the date hereof, but no assurance can be given that such expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. Without limitation, this press release contains forward-looking statements pertaining to: the completion of the Equity Offering and the Acquisition and the terms and timing thereof (including the use of proceeds from the Equity Offering); satisfaction or waiver of the closing conditions to the Equity Offering and the Acquisition; receipt of required regulatory and stock exchange approvals for the completion of the Equity Offering; insider participation in the Equity Offering; anticipated benefits of the Acquisition, including the impact of the Acquisition and the Acquired Interest on the Company's operations, reserves, inventory and opportunities, financial condition, realized pricing, access to capital and overall strategy; Logan's revised 2024 and 2025 guidance and capital budgets, including drilling programs and infrastructure development and the timing and anticipated results thereof; anticipated revenue, capital and operating cost synergies resulting from the Acquisition; the Company's opportunity rich assets; management's track record of generating excess returns in various business cycles; success of the Company's drilling program based on initial results; future drilling plans; EUR; risk management activities, including hedging; continuing to advance key infrastructure projects; forecast production for the remainder of 2024 and 2025; and the expectation that per unit operating expenses will decrease with production growth. The forward-looking statements and information are based on certain key expectations and assumptions made in respect of Logan including expectations and assumptions concerning: the receipt of all approvals and satisfaction of all conditions to the completion of the Equity Offering and the Acquisition; the business plan of Logan; the timing of and success of future drilling; development and completion activities and infrastructure projects; the performance of existing wells; the performance of new wells; the availability and performance of facilities and pipelines; the geological characteristics of Logan's properties; the successful integration of the recently acquired assets into Logan's operations; the successful application of drilling, completion and seismic technology; prevailing weather conditions; prevailing legislation affecting the oil and gas industry; prevailing commodity prices, price volatility, price differentials and the actual prices received for Logan's products; impact of inflation on costs; royalty regimes and exchange rates; the application of regulatory and licensing requirements; the availability of capital (including under the Equity Offering and the Company's credit facilities), labour and services; the creditworthiness of industry partners; and the ability to source and complete acquisitions. Although Logan believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because Logan can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. These risks and uncertainties include, but are not limited to: counterparty risk to closing the Equity Offering and the Acquisition; fluctuations in commodity prices; changes in industry regulations and political landscape both domestically and abroad; wars, hostilities, civil insurrections; changes in legislation, including but not limited to tax laws, royalties and environmental regulations (including greenhouse gas emission reduction requirements and other decarbonization or social policies and including uncertainty with respect to the interpretation of omnibus Bill C-59 and the related amendments to the Competition Act ( Canada )); foreign exchange or interest rates; increased operating and capital costs due to inflationary pressures (actual and anticipated); volatility in the stock market and financial system; impacts of pandemics; the retention of key management and employees; and risks with respect to unplanned pipeline outages and risks relating to inclement and severe weather events and natural disasters, such as fire, drought, flooding and extreme hot or cold temperatures, including in respect of safety, asset integrity and shutting-in production. Ongoing military actions in the Middle East and between Russia and Ukraine and related sanctions have the potential to threaten the supply of oil and gas from those regions. The long-term impacts of these actions remains uncertain. The foregoing list is not exhaustive. Please refer to the MD&A and AIF for discussion of additional risk factors relating to Logan, which can be accessed on its SEDAR+ profile at www.sedarplus.ca . Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. Logan undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. This press release contains future-oriented financial information and financial outlook information (collectively, " FOFI ") about Logan's five year growth plan, Logan's revised pro forma budget and guidance for 2024 and 2025, including with respect to prospective results of operations, production (including average production of 8,400 BOE/d during 2024, 13,650 BOE/d in 2025 and growing to between 24,000 and 27,000 BOE/d by 2028) and operating costs (including reducing its operating expenses to below $8.00 per BOE by 2027), including pro forma the completion of the Equity Offering and the Acquisition, all of which are subject to the same assumptions, risk factors, limitations, and qualifications as set forth in the above paragraphs. FOFI contained in this document was approved by management as of the date of this document and was provided for the purpose of providing further information about Logan's proposed business activities in the remainder of 2024 and 2025. Logan and its management believe that FOFI has been prepared on a reasonable basis, reflecting management's best estimates and judgments, and represent, to the best of management's knowledge and opinion, the Company's expected course of action. However, because this information is highly subjective, it should not be relied on as necessarily indicative of future results. Logan disclaims any intention or obligation to update or revise any FOFI contained in this document, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law. Readers are cautioned that the FOFI contained in this document should not be used for purposes other than for which it is disclosed herein. Changes in forecast commodity prices, exchange rates, differences in the timing of capital expenditures, and variances in average production estimates can have a significant impact on the key performance measures included in Logan's guidance. The Company's actual results may differ materially from these estimates. This press release is not an offer of the securities for sale in the United States . The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act")) or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful. Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Abbreviations 2024E Forecast for the year ending December 31, 2024 2025E Forecast for the year ending December 31, 2025 A&D acquisitions and dispositions AECO Alberta Energy Company "C" Meter Station of the NOVA Pipeline System AIF refers to the Company's Annual Information Form dated March 18, 2024 bbl barrel bbls/d barrels per day bcf one billion cubic feet BOE barrels of oil equivalent BOE/d barrels of oil equivalent per day CA$ or CAD Canadian dollar DCET drilling, completion, equipping and tie-in capital expenditures DUC drilled, uncompleted well EUR estimated ultimate recovery GJ gigajoule H2 second half of the year or six month period ending December 31 Mbbl one thousand barrels MBOE one thousand barrels of oil equivalent mcf one thousand cubic feet mcf/d one thousand cubic feet per day MD&A refers to Management's Discussion and Analysis of the Company dated November 13, 2024 MMbtu one million British thermal units mmcf one million cubic feet mmcf/d one million cubic feet per day MM millions $MM millions of dollars MPa megapascal unit of pressure NGL(s) natural gas liquids NPV net present value NI 51-101 National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities nm "not meaningful", generally with reference to a percentage change NYMEX New York Mercantile Exchange, with reference to the U.S. dollar "Henry Hub" natural gas price index PDP proved developed producing reserves TP total proved reserves TPP total proved plus probable reserves TSXV TSX Venture Exchange US$ or USD United States dollar WTI West Texas Intermediate, the reference price paid in U.S. dollars at Cushing, Oklahoma for crude oil of standard grade SOURCE Logan Energy Corp. 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