Forza Petroleum (formerly, Oryx Petroleum) was founded in September 2010.

 

Key events since our founding include:

 

2011 

• Acquired a 65% participating interest in the Hawler license area, an exploration license area that at the time of its acquisition covered 1,532 km² in the central part of the Kurdistan Region of Iraq
  
  

2013

• Completed a C$250 million initial public offering on the Toronto Stock Exchange

 

2014

• Commissioned initial production facilities at the Demir Dagh field in the Hawler license area, and commenced production
   
• Completed C$224 million public offering of common shares

 

2015 

• Commissioned the Hawler production facilities at Demir Dagh with initial gross (100%) oil production capacity of 40,000 bbl/d. These facilities replaced the temporary production facilities installed in 2014

 

2016 

• Zeg Oil and Gas Ltd. subscribes for 75.6 million common shares of Forza Petroleum for cash consideration of $30 million

 

• Commenced sales via export pipeline from the Hawler license area

 

• Commenced production and sales from the Zey Gawra field in the Hawler license area
  
  

2017

• Completed financial re-structuring and re-capitalisation. Principal shareholders, including Zeg Oil and Gas Ltd, subscribe for 161.9 million common shares of Forza Petroleum for consideration of $54.1 million

 

2018 

• Commenced production and sales from the western fault block of the Banan field in the Hawler license area

 

2020

• Zeg Oil and Gas Ltd acquired majority control of Forza Petroleum
• Settled significant debt in full through the transfer of our only remaining exploration interest offshore West Africa