Cequence Energy Ltd. (TSX:CQE) has obtained an order from the Court of Queen's Bench of Alberta, extending the stay of proceedings previously granted by the court on May 29, 2020, as part of Cequence's application under the Companies' Creditors Arrangement Act (CCAA). The stay of proceedings has been extended to September 8, 2020. The extension of the stay period will allow the Company to pursue potential strategic options and alternatives to maximize the value for its stakeholders. The Company intends to work toward developing a plan of compromise or arrangement under the CCAA to be voted on by its creditors.