All securities issued in connection with the Private Placements will be subject to a Canadian statutory hold period of four months plus one day from the respective date of closing. North Dakota owned by Petroshale Inc USand Oasis Petro North America LLC. The ranking is composed of 10 companies from each of the five industry sectors, and they were selected based on three equally weighted criteria: market capitalization growth, share price appreciation and trading volume. U.S. Army Corps of Engineers St. Paul District Public Affairs Office 332 Minnesota St., Suite E1500 St. Paul, MN 55101 Phone: (651) 290-5807 Fax: (651) 290-5752 303 E. 17th Avenue, Suite 940 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 the securities in any state in which such offer, solicitation or sale would be unlawful. (3) Assumes a foreign exchange rate of US$1.00 = CDN$1.2529. Petroshale (Us) Inc. / API # 33-053-09113 Well Summary Well Name: Anderson South 3MBH API #: 33-053-09113 Operator: Petroshale (Us) Inc. County: McKenzie County, ND Production Dates on File: January 2022 to February 2023 3.3 k Barrels of Oil Produced in Feb 2023 7.2 k MCF of Gas Produced in Feb 2023 Map of Anderson South 3MBH McGregor, ND 58755 . Salary/Position Classification $55,000 Annual, Exempt 40 hours per week 100% Remote Work Availability:Yes Hybrid Work Availability:Yes Purpose of Position The Research Data Analyst is primarily responsible for producing regular reports for internal and external constituents, fulfilling ad hoc data requests, and making regularly requested data available to end users on demand through . solutions, Additional services customized for your needs. Prior thereto, Mr. Herman was the Vice President, Finance & CFOof StarPoint Energy Ltd. and StarPoint Energy Trust. Tel: 701-258-1557 Bismarck, ND 58501 PDF North Dakota Industrial Commission Permits Approved: Location Outside PETROSHALE (US), INC. :: North Dakota (US) :: OpenCorporates North Dakota Oil & Gas Producers Petroshale (us) Inc. Petroshale (us) Inc. PetroShale is a growing oil company engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken / Three Forks. Williams 2101 Cedar Springs Rd. Sign up for our newsletter to stay up to date with latest news in the oil & gas industry. Please try again. In addition to the New Management Team, one new independent director, Dale O. Shwed has been appointed to the board of directors of PetroShale (the "PetroShale Board"), which continues to include M. Bruce Chernoff, David Rain, Gary Reaves, Jacob Roorda and Brett Herman. /NOT FOR DISSEMINATION IN THE UNITED STATES. We employ a proven and repeatable strategy to generate value and develop the play with a consistent approach throughout the cycle. Proceeds from the Private Placements will be used to reduce debt and for general corporate purposes, positioning the Company to execute on a disciplined corporate strategy. [1] PetroShale Inc., crowned one of the winners of this year's TSX Venture 50, has a long-term approach to creating shareholder value. PetroShale is an oil company engaged in the acquisition, development and production of high-quality oil-weighted assets in the North Dakota Bakken / Three Forks. Lucero is committed to upholding the highest standard of corporate responsibility. Subscribe now to read the latest news in your city and across Canada. The forward-looking statements contained in this press release are made as of the date hereof and neither PetroShale nor the New Management Team undertake any obligation to update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Our Posthaste newsletter has all the breaking business news and market signals you need, Our Posthaste newsletter has all the breaking business news you need, An emerging pure-play growth company in North Dakota, Public sector workers reach deal with government, ending strike, First Republic Bank seized and sold to JPMorgan in third major U.S. bank failure in 2 months, Weight Loss brand Jenny Craig considers bankruptcy, Alibaba's Jack Ma turns up in Japan as college professor, '50% correction': Why Canada's office real estate sector is heading for a reckoning, tap here to see other videos from our team, https://v50.stocktrak.com/members/register. These include, but are not limited to, risks associated with the oil and gas industry in general (including but not limited to operational risks in development, exploration and production); delays or changes in plans with respect to exploration or development projects; receiving all necessary approvals for the Private Placements (including that of the TSXV) and the name change and any conditions to such approvals; capital expenditures, acquisitions or other corporate transactions; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks, commodity price and exchange rate fluctuations, changes in legislation affecting the oil and gas industry and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. House Bill 1540 will have a positive impact on thousands of . Closing of the Brokered Private Placement is expected to occur on or about February 2, 2022. and 6,592 MCF of gas, PetroShale Incorporation has signed a $55 million deal to buy assets in North Dakota Bakken region. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 With a new management team on board and a strong vision in place, PetroShale Inc. (TSXV:PSH) has been recognized as one of this year's TSX Venture 50 winners. Jan 2017 - Apr 2023). The map below shows the exact location of the asset in the state of North Dakota in the United States. This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements"). Mr. Herman has extensive oil and gas experience in leadership roles at public oil and gas companies. To the extent any guidance or forward looking statements herein constitute a financial outlook or future oriented financial information ("FOFI"), including PetroShale's potential cash flow in 2022 and net debt at the end of 2022, they are made as of the date hereof and included herein to provide prospective investors with an understanding the plans and assumptions for budgeting purposes and prospective investors are cautioned that the information may not be appropriate for other purposes.

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