Business
Saba Energy Provides Bi-Weekly MCTO Status Update
(TheNewswire)     May 14, 2026 – TheNewswire - Saba Energy Ltd. (“...
About this update from Saba Energy Ltd.
[{"type":"text","content":"Saba Energy Provides Bi-Weekly MCTO Status Update\n(TheNewswire)\n\n\n \n \n\n\nMay 14, 2026 – TheNewswire - Saba\nEnergy Ltd. (“Saba” or the “Corporation”) (TSXV: BGE) is providing it’s\nbi-weekly default status report in accordance with National Policy\n12-203 – Management Cease\nTrade Orders (\"NP 12-203\")\nregarding the Corporation’s temporary management cease trade order\n(\"MCTO\"). In the Corporation’s initial default announcement\nof May 4, 2026 (the “Default\nNotice”), the Corporation announced the delay\nin the filing of its audited annual financial statements, accompanying\nmanagement’s discussion and analysis and related CEO and CFO\ncertifications for the year ended December 31, 2025 (the\n“Annual Filings”).\n\n\n \n\n\nAs previously announced in the May 4, 2026 press\nrelease of the Corporation, the Corporation applied for and was\ngranted the MCTO in respect of the delayed Annual Filings by the\nAlberta Securities Commission. The MCTO prohibits the CEO and CFO of\nthe Corporation from trading in the Corporation’s securities for so\nlong as there are filings that are outstanding under applicable\nsecurities laws, however, the MCTO does not affect the ability of the\ngeneral investing public to trade in the Corporation’s listed common\nshares.\n\n\n \n\n\nThe Corporation’s board of directors and its\nmanagement are working expeditiously to meet the Corporation’s\nobligations relating to the filing of the Annual Filings.  At this\ntime, the Corporation anticipates being able to complete the Annual\nFilings on or before June 14, 2026, but there is no assurance of\nthis.\n\n\n \n\n\nThe Corporation confirms that since the Default Notice:\n(i) there is no material change to the information set out in the\nDefault Notice that has not been generally disclosed; (ii) there has\nbeen no failure by the Corporation in fulfilling its stated intentions\nwith respect to satisfying the provisions of the alternative\ninformation guidelines set out in NP 12-203; (iii) there has not been\nany other specified default by the Corporation under NP 12-203; and\n(iv) there is no other material information concerning the affairs of\nthe Corporation that has not been generally disclosed....