When and how was Progress created?
Progress was created through the merger of Progress Energy Trust and ProEx Energy in 2009.
GLJ Petroleum Consultants Ltd.
When will Progress begin reporting its financial results in accordance with IFRS?
Progress began reporting under IFRS with its interim consolidated financial statements for Q1. The adoption of IFRS has not had an impact on the Company’s operations, strategic decisions or cash flow from operations before changes in non-cash working capital.