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Altura Energy Inc. (V:ATU)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 640 5 Ave SW Suite 200
Tel: N/A
IR: See website
Key People
David Burghardt
President, Chief Executive Officer, Director
Tavis A. Carlson
Chief Financial Officer, Vice President - Finance, Secretary
Jeffrey William Mazurak
Vice President - Operations
Robert Pinckston
Vice-President - Exploration
Craig Robert Stayura
Vice President - Land
Travis S. Stephenson
Vice-President - Engineering
Business Overview
Altura Energy Inc., formerly Northern Spirit Resources Inc., is a Canada-based oil and gas exploration, development and production company with focused operations in east central Alberta. The Company's properties include Klein North Area, Klein South Area, Wildmere Area and Provost Minors Area. The Klein North area is located approximately 20 kilometers south of Provost, Alberta. The Company owns working interest in over 640 acres of land in the Klein North area, of which approximately 160 acres are undeveloped and over 480 acres are developed. The Klein South area is located approximately 30 kilometers south of Provost, Alberta. It holds working interest in over 2,720 gross (approximately 1,580 net) acres of land in the Klein South area, of which over 800 gross (approximately 160 net) acres are undeveloped and over 1,920 gross (approximately 1,420 net) acres are developed. It holds working interest in over 2,080 gross (approximately 1,250 net) acres of land in the Wildmere area.
Financial Overview
For the fiscal year ended 31 December 2019, Altura Energy Inc revenues increased 50% to C$22.9M. Net income decreased 18% to C$2.2M. Revenues reflect Natural Gas - Production - Total increase from 499.7M to 1.15B cubic feet, Petroleum and natural gas sales increase of 53% to C$25.8M. Net income was offset by Production Costs per Unit - Average - To increase of 7% to C$11.73 per barrel.
Reporting Currency: Canadian Dollars
Enterprise value: $21.34M as of Dec 31, 2019
Annual revenue (TTM): $22.89M as of Dec 31, 2019
EBITDA (TTM): $13.11M as of Dec 31, 2019
Net annual income (TTM): $2.22M as of Dec 31, 2019
Free cash flow (TTM): $0.11M as of Dec 31, 2019
Net Debt Last Fiscal Year: $0.10M as of Dec 31, 2019
Shares outstanding: 108,920,973 as of Dec 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization