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Avanti Energy Inc. (V:AVN)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 609 Granville Street Suite 810
Lcd Pacific Centre
PO Box 10322
Tel: N/A
IR: See website
Key People
Robin Gamley
President, Chief Executive Officer, Director
Elbert Wong
Chief Financial Officer, Company Secretary
Kirk D. Gamley
Vice President - Commercial Affairs
Business Overview
Avanti Energy Inc. is a Canada-based resource company. The Company is focused on the exploration, development and production of helium across western Canada and the United States. The Company's principal project is a 90% interest in the Montana Project. The Montana Project consists of a lease of two parcels of land consisting of approximately 2,704.5 acres, located in the County of Petroleum, State of Montana. It also holds a 100% interest in Knappen Project. The Knappen Project is over 6,000 acres project licensed from the government of Alberta.
Financial Overview
For the three months ended 31 March 2021, AvantiEnergy Inc revenues was not reported. Net loss increasedfrom C$29K to C$630K. Higher net loss reflects General andadministrative fee increase from C$10K to C$56K (expense),Transfer agent and filing fees increase from C$9K to C$41K(expense), Professional fees increase from C$7K to C$20K(expense). Basic Earnings per Share excluding ExtraordinaryItems totaled to -C$0.03.
Reporting Currency: Canadian Dollars
Enterprise value: $98.00M as of Mar 31, 2021
Annual revenue (TTM): $0.00M as of Mar 31, 2021
EBITDA (TTM): -$1.13M as of Mar 31, 2021
Net annual income (TTM): -$1.14M as of Mar 31, 2021
Free cash flow (TTM): -$0.67M as of Mar 31, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 47,511,180 as of Jul 20, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization