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magnum energy inc (MEN) Snapshot

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magnum energy inc (MEN) Details

Magnum Energy Inc. explores, develops, and produces oil and natural gas in central Alberta, Canada. The company produces oil, natural gas liquids, and natural gas. It focuses on two producing core properties, including the Provost project that is located Viking Trend; and Sedalia Property. The company was incorporated in 2003 and is based in Calgary, Canada.

Founded in 2003

magnum energy inc (MEN) Top Compensated Officers

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Compensation as of Fiscal Year 2015.

magnum energy inc (MEN) Key Developments

Magnum Energy To Transfer Listing From TSX Venture Exchange To NEX

In accordance with TSX Venture Policy 2.5, Magnum Energy Inc. has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective June 22, 2015, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Calgary to NEX. As of June 22, 2015, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. The trading symbol for the Company will change from MEN to MEN.H. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market. Further to the TSX Venture Exchange Bulletin dated January 5, 2015, trading in the Company's securities will remain suspended.

Magnum Energy Inc. Announces Resignation Jeffrey J. Lowe as Director and the Secretary

Magnum Energy Inc. announced that Jeffrey J. Lowe has resigned as a director and the Secretary of the Corporation effective December 23, 2014.

Magnum Energy Inc. Announces Executive Changes

Magnum Energy Inc. announced that Richard Nemeth, president & CEO has submitted his resignation to the board of directors to address chronic health issues. Mr. Nemeth will remain in the role of Chief Executive Officer over next two months to assist in the transition to the new president, Mr. Bob Stinn. Mr. Bob Stinn P.Eng, brings over 30 years of industry experience covering a broad spectrum of roles, from president & CEO of a private oil and gas junior to V. P. of operations and senior production engineering positions.


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