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July 03, 2015 5:25 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Calvalley Petroleum Inc.

Company Overview

Calvalley Petroleum Inc. engages in the exploration, development, production, and sale of oil and gas in the Republic of Yemen. It holds a 50% working interest in production sharing agreement for Block 9 covering approximately 2,234 square kilometers of land located in the Republic of Yemen. The company is headquartered in Calgary, Canada.

2100, 500-4th Avenue SW

Calgary, AB T2P 2V6

Canada

146 Employees

Phone:

403-297-0490

Fax:

403-297-0499

Key Executives for Calvalley Petroleum Inc.

Chairman, Chief Executive Officer, President, Chief Operating Officer, Member of Disclosure Committee, Member of Reserves Committee, Member of Corporate Governance Committee, President of Calvalley Petroleum (International) Inc, Treasurer of Calvalley Petroleum (International) Inc and Secretary of Calvalley Petroleum (International) Inc
Total Annual Compensation: $545.8K
Chief Financial Officer and Corporate Secretary
Total Annual Compensation: $228.9K
Compensation as of Fiscal Year 2014.

Calvalley Petroleum Inc. Key Developments

Calvalley Fails To Find Buyer

Turmoil in Yemen has forced Calvalley Petroleum Inc. (TSX:CVI.A) to liquidate following impairments to assets and a failed attempt to find a suitable buyer.

Calvalley Petroleum Inc. Receives Notice from Block 51 Operator to Shut-Down Facilities

Calvalley Petroleum Inc. announced that it has received formal notice from the operator of Block 51 of their intention to suspend operations at Block 51 and to shut-down the facilities. This action is being taken by the operator due to the relinquishment of the entire contract area under the Block 51 production sharing agreement. As a result of the intended shut-down of the facilities at Block 51, Calvalley will be securing the facilities at the truck off-loading site located adjacent to the Block 51 facilities. The company will continue to truck its crude oil production to Block 18 for export.

Calvalley Petroleum Inc., Annual General Meeting, May 08, 2015

Calvalley Petroleum Inc., Annual General Meeting, May 08, 2015., at 15:00 Mountain Daylight. Location: Calgary Petroleum Club in Viking Room, 319 ­ 5th Avenue S.W.. Agenda: To consider, pursuant to an interim order of the Court of Queen's Bench of Alberta dated April 13, 2015 and, if deemed advisable, to pass, with or without variation, a special resolution, the full text of which is set in Appendix A to the accompanying information circular of Calvalley dated April 13, 2015 to approve a plan of arrangement under section 192 of the Canada Business Corporations Act, all as more particularly described in the Information Circular; and to transact any other business as may properly be brought before the meeting or any adjournment or postponement thereof.

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