Q: Who is Progress Energy?
A: Progress Energy is a Canadian energy company primarily focused on unconventional natural gas exploration, development and production in northeast British Columbia and northwest Alberta. A leader in Canadian natural gas development, Progress Energy is building upon its history of performance excellence in North America to pioneer new infrastructure for delivering liquefied natural gas (LNG) to Pacific Rim markets.
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.