Q: Who is Progress Energy?
A: Headquartered in Calgary, Alberta, Progress Energy is a leader in Canadian natural gas development with a focus on responsibly generating long-term sustainable growth from its extensive resource base in the North Montney. It is a company that values its relationships and partnerships with stakeholders and First Nations, and strives to be a great neighbour in the communities where it operates. Progress is wholly owned by PETRONAS of Malaysia, a global leader in LNG.
Q: How and when was Progress Energy Canada Ltd. created?
A: Progress Energy was created in 2012 upon the amalgamation of PETRONAS Carigali Ltd. and Progress Energy Resources Corp.
Q: Is Progress Energy a foreign company?
A: On December 12, 2012, Progress Energy was acquired by PETRONAS, Malaysia’s national oil company, for approximately C$6 billion. Progress Energy is a Canadian company, operating under Canadian regulations and standards. This is not a foreign company, rather a company with foreign investment.
Q: Is Progress Energy a publicly traded company?
A: Progress Energy Resources Corp. shares previously traded on the TSX under the symbol PRQ, but following the PETRONAS acquisition, were delisted as of December 17, 2012.
Q: Where is Progress Energy headquartered?
A: Progress Energy’s corporate headquarters are located in Calgary, Alberta. For additional details, please visit the contact us section of our website.
Q: Where can I get a copy of Progress Energy’s annual report?
A: Consolidated Financial Statements and Notes to the Consolidated Financial Statements and Management’s Discussion and Analysis for our predecessor company, Progress Energy Resources Corp., have been filed on SEDAR. Because we are no longer a publicly traded company we no longer provide an annual report.