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, 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, 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.
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
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
COGHE the most recent publication of the Canadian Oil and
Gas Evaluations Handbook
GJ gigajoule
Mbbl one thousand barrels
MBOE one thousand barrels of oil equivalent
mcf one thousand cubic feet
mcf/d one thousand cubic feet per day
MMbtu one million British thermal units
MMcf one million cubic feet
MD&A refers to Management's Discussion and Analysis of
the Company dated November 13, 2024
MM millions
$MM millions of dollars
MPa megapascal unit of pressure
NGL(s) natural gas liquids
NI 51-101 National Instrument 51-101 -- Standards of Disclosure
for Oil and Gas Activities
nm "not meaningful", generally with reference to a percentage
change
NYMEX New York Mercantile Exchange, with reference to the
U.S. dollar "Henry Hub" natural gas price index
TSXV TSX Venture Exchange
US$ 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.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2024/13/c7317.html
/CONTACT:
For additional information, please contact: Richard F. McHardy, Chief Executive Officer; Brendan Paton, President and Chief Operating Officer; Logan Energy Corp., 1800, 736 - 6th Avenue SW, Calgary, Alberta T2P 3T7, Email: info@loganenergycorp.com; https://www.loganenergycorp.com/
Copyright CNW Group 2024
(END) Dow Jones Newswires
November 13, 2024 16:30 ET (21:30 GMT)
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