DENVER, March 27, 2017 /PRNewswire/ -- Triangle Petroleum Corporation ("Triangle" or the "Company") announced today that the Company received a notice from the NYSE MKT LLC (the "NYSE MKT") that the NYSE MKT has determined to commence proceedings to delist the common stock of the Company -- ticker symbol TPLM -- from the NYSE MKT. Trading in the Company's common stock was suspended at the market opening on March 27, 2017.

The NYSE MKT has indicated that it will begin delisting proceedings pursuant to Section 1002(c) of the NYSE MKT Company Guide following the Company's disclosure on March 24, 2017 of the effectiveness of the Chapter 11 plan of reorganization for Triangle USA Petroleum Corporation, the Company's former wholly-owned subsidiary.

The Company has a right to a review of the NYSE MKT's delisting determination; however, the Company does not intend to appeal the determination. Therefore, it is expected that the NYSE MKT will apply to the Securities and Exchange Commission to delist the Company's common stock upon completion of all applicable procedures and that the common stock will be delisted from the NYSE MKT upon the completion of such procedures.

As a result of the delisting notice, the Company's common stock is expected to begin trading on the OTC Pink marketplace. The Company can provide no assurance that its common stock will continue to trade on this marketplace, whether broker-dealers will continue to agree to provide public quotes of the Company's common stock on this marketplace, or whether the trading volume of the Company's common stock will be sufficient to provide for an efficient trading market.

About Triangle

Triangle is an independent energy company with a strategic focus in the Williston Basin. For more information, visit Triangle's website at www.trianglepetroleum.com.

Forward-Looking Statements Disclosure

The information presented in this press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Triangle expects, believes or anticipates will or may occur in the future are forward-looking statements.  These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from the results contemplated by the forward-looking statements include, but are not limited to, the consequences of the delisting of the Company's common stock from the NYSE MKT and other risks discussed in Triangle's Annual Report on Form 10-K and its other filings with the Securities and Exchange Commission. The forward-looking statements in this press release are made as of the date of this press release, and Triangle undertakes no obligation to update any forward-looking statement as a result of new information, future developments, or otherwise.

SOURCE Triangle Petroleum Corporation

DENVER, Sept. 8, 2016 /PRNewswire/ -- RockPile Energy Services, LLC ("RockPile" or the "Company"), a subsidiary of Triangle Petroleum Corporation (NYSE MKT: TPLM), today announced the Company has been acquired by White Deer Energy ("White Deer").

Key Highlights:

• RockPile will move forward with a debt-free balance sheet and adequate capital to fund growth
• RockPile's Management Team remains intact and committed to growing the Company
• RockPile and White Deer are mutually committed to growing RockPile 'the right way' – never sacrificing service quality to achieve scale

After conducting an extensive marketing process, RockPile selected White Deer from a number of other potential financial sponsors due to their shared vision for the future of the Company. Curt Dacar, CEO of RockPile, remarked, "This is an exciting day for everyone at RockPile. When we started the process of identifying a new capital partner, I could not have imagined a better outcome than teaming up with White Deer Energy. Their experience, values, and confidence in our Team make them an ideal fit for RockPile. I want to thank our people, our clients, and our supplier partners for their support as we worked through this process."

White Deer Energy Partner Jim Meneely added, "On behalf of the White Deer Energy Team, I would like to welcome RockPile to our family of companies. We have observed RockPile's industry leading performance for some time and jumped at the opportunity to add the Company to our portfolio. We couldn't be more excited to partner with Curt and all the RockPile employees to grow the Company while remaining committed to RockPile's mission of being a Best-in-Class service provider."

As part of the transaction, RockPile will move forward with a debt-free balance sheet and adequate capital required to pursue a robust growth pipeline. Important to note, the transaction was concluded on an out of court basis and involved no form of bankruptcy for the Company or subsidiaries.

PJT Partners and AlixPartners served as financial advisors to RockPile.  Skadden, Arps, Slate, Meagher & Flom served as legal advisor to RockPile and Locke Lord served as legal advisor to White Deer Energy.

About RockPile

RockPile Energy Services is a growth oriented oil services company providing engineered completions solutions to oil and gas exploration and production companies primarily in the Williston and Permian Basins.  RockPile's unique suite of capabilities and technologies deliver improved well economics to clients operating in the most challenging basins in North America.  The Company's service offerings include hydraulic fracturing, cased hole wireline, ancillary pump services, advanced completions logistics solutions, and workover rig services. 

About White Deer

White Deer Energy is an energy private equity firm focused on the exploration and production, oilfield service and equipment manufacturing, and midstream sectors of the oil and gas industry. With $2.2 billion of capital commitments across two private equity funds, White Deer Energy is a long-term investor targeting equity investments of $50 to $150 million. With offices in Houston and New York, White Deer Energy has a combination of industry expertise and capital that makes it an attractive partner for rapidly growing energy companies.

Forward-Looking Statements Disclosure

The information presented in this press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results contemplated by the forward-looking statements. The forward-looking statements in this press release are made as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement as a result of new information, future developments, or otherwise.

Contact

RockPile Energy Services, LLC
James C. Evans, President and Chief Financial Officer
303-825-8170
www.rockpileenergy.com

Logo - http://photos.prnewswire.com/prnh/20160908/405848LOGO

SOURCE RockPile Energy Services, LLC

DENVER, May 12, 2016 /PRNewswire/ -- RockPile Energy Services, LLC ("RockPile" or the "Company"), a subsidiary of Triangle Petroleum Corporation (NYSE MKT: TPLM) ("Triangle"), today provided an update on the Company's ongoing strategic review process.

Key Highlights:

• RockPile has retained PJT Partners in order to help evaluate strategic alternatives that would strengthen the Company's balance sheet and allow it to independently execute on its business strategy and operational plans
• The Company has appointed Thomas J. Allison as an independent director

After conducting an extensive evaluation, Triangle and RockPile have mutually agreed to pursue strategic alternatives that would allow both companies to separately and independently execute on their business strategies and operational plans. Curt Dacar, CEO of RockPile, remarked, "We are excited about the path forward to becoming an independent, stand-alone entity and are confident this will allow us to continue delivering best-in-class performance to our clients. We are grateful to the Triangle team for their support in helping to grow RockPile from the beginning. We are fortunate to have such great partners and appreciate their assistance as we contemplate the next steps in RockPile's future. To our valued clients, rest assured that we remain committed to maintaining our high level of customer care and will remain focused on providing safe, cost effective and best-in-class services."

To help guide the Company through this process, RockPile has retained PJT Partners, a premier advisory-focused investment bank with extensive experience in the oil and gas industry, as its financial advisor. RockPile and its advisors remain in constructive discussions with the Company's bank syndicate and have also initiated dialogue with various potential strategic partners. The pursuit of any strategic alternatives would be designed to enhance the Company's balance sheet and support continued growth of the Company's completion services platform within new and existing operating regions. 

Thomas J. Allison, an experienced financial professional and board member, has been appointed as an independent director for the Company. From 2006 until his retirement in 2012, Mr. Allison served as Executive Vice President and Senior Managing Director of Mesirow Financial Consulting, LLC, a full-service financial and operational advisory consulting firm headquartered in Chicago, and he possesses a wealth of experience in advisory, corporate finance, and board level roles. Curt Dacar commented, "We are excited to welcome Tom to the RockPile Family. We believe his impressive experience will provide important perspective as we evaluate the strategic alternatives available to RockPile."

About RockPile

RockPile Energy Services, LLC is a provider of hydraulic pressure pumping and complementary services to oil and natural gas exploration and production companies operating primarily in the Williston and Permian Basins. RockPile provides a variety of oilfield services including, but not limited to, pressure pumping, wireline, perforating, pump rental, and workover services.

Forward-Looking Statements Disclosure

The information presented in this press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from the results contemplated by the forward-looking statements include, but are not limited to, the risks discussed in Triangle Petroleum Corporation's Annual Report on Form 10-K and its other filings with the Securities and Exchange Commission. The forward-looking statements in this press release are made as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement as a result of new information, future developments, or otherwise.

Contact

RockPile Energy Services, LLC
James Evans, President and Chief Financial Officer
303-825-8170

Logo - http://photos.prnewswire.com/prnh/20160512/366903LOGO  

SOURCE RockPile Energy Services, LLC

DENVER, April 20, 2016  /PRNewswire/ -- Triangle Petroleum Corporation ("Triangle" or the "Company") (NYSE MKT: TPLM) -- The NYSE MKT Company Guide Section 610(b) requires public announcement through the news media disclosing the receipt of an audit opinion containing a going concern explanation. As previously disclosed in its Annual Report on Form 10-K for the fiscal year ended January 31, 2016, which was filed with the Securities and Exchange Commission on April 14, 2016, the Company's audited financial statements contained a going concern explanatory paragraph in the audit opinion from its independent registered public accounting firm. This announcement does not represent any change or amendment to the Company's consolidated financial statements or to its Annual Report on Form 10-K for the fiscal year ended January 31, 2016.

About Triangle

Triangle (NYSE MKT: TPLM) is an independent energy company with a strategic focus on developing the Bakken Shale and Three Forks formations in the Williston Basin of North Dakota and Montana.  For more information, visit Triangle's website at www.trianglepetroleum.com.

Forward-Looking Statements Disclosure

The information presented in this press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements.  These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from the results contemplated by the forward-looking statements include, but are not limited to, the risks discussed in the Company's Annual Report on Form 10-K and its other filings with the Securities and Exchange Commission. The forward-looking statements in this press release are made as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement as a result of new information, future developments, or otherwise.

Contact

Triangle Petroleum Corporation
Joe Magner, Vice President, Capital Markets
303-260-7125
info@trianglepetroleum.com

SOURCE Triangle Petroleum Corporation

DENVER, March 24, 2016 /PRNewswire/ -- Triangle Petroleum Corporation ("Triangle" or the "Company") (NYSE MKT: TPLM) announced today that it has commenced a process to explore and evaluate strategic alternatives with respect to its individual business units and the Company as a whole.

In light of the current commodity pricing environment and related market conditions, the Company believes that this is the right time to evaluate the Company's capital structure in order to preserve liquidity, enhance financial flexibility, and promote the Company's long-term success. To assist in these efforts and better position the Company for future success, the Company has recently retained PJT Partners, AlixPartners, and Skadden, Arps, Slate, Meagher & Flom LLP.

The Company also announced changes in senior leadership, which better prepare the Company to successfully navigate the current commodity environment. Matthew D. Ray, an experienced investor and board member and a co-founder of Victory Park Capital, has been appointed as an independent director of Triangle USA Petroleum Corporation ("TUSA"), a wholly-owned subsidiary of the Company. Other changes at Triangle include the appointment of Dominic Spencer to the role of Chief Operating Officer, and Douglas Griggs, the Company's Chief Accounting Officer, will also serve as the Company's principal financial officer. Justin J. Bliffen has resigned from his position as Chief Financial Officer, effective March 21, 2016, to pursue other opportunities. Mr. Bliffen's duties will be assumed by both Douglas Griggs and Mike Grijalva, who is being appointed interim Chief Financial Officer of TUSA. The Company does not anticipate that these changes will have any adverse impact on the timing of its Form 10-K filing for fiscal year 2016.

Jonathan Samuels, the Company's Chief Executive Officer, stated: "While the recent commodity price environment has been challenging, we believe in the long-term prospects of our business and are proactively working to strengthen our balance sheet. The personnel changes will result in a more streamlined financial reporting structure. By proactively evaluating strategic options to manage prevailing market conditions in consultation with our professional advisors, the Company can better position itself for an anticipated industry recovery. The retention of PJT, AlixPartners, and Skadden, as well as the internal personnel changes and TUSA board appointment, will enhance the Company's ability to fulfill those objectives."

About Triangle

Triangle (NYSE MKT: TPLM) is an independent energy company with a strategic focus on developing the Bakken Shale and Three Forks formations in the Williston Basin of North Dakota and Montana. For more information, visit Triangle's website at www.trianglepetroleum.com.

Forward-Looking Statements Disclosure

The information presented in this press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from the results contemplated by the forward-looking statements include, but are not limited to, the risks discussed in the Company's annual report on Form 10-K and its other filings with the Securities and Exchange Commission. The forward-looking statements in this press release are made as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement as a result of new information, future developments, or otherwise.

Contact

Triangle Petroleum Corporation
Joe Magner, Vice President, Capital Markets
303-260-7125
info@trianglepetroleum.com

SOURCE Triangle Petroleum Corporation