Sector: Energy | Industry: Oil & Gas Exploration and Production |
Company Contact | |
Address: | 600 Crowfoot Cres NW, Suite 340 CALGARY AB T3G 0B4 |
Tel: | N/A |
Website: | https://www.decklarresources.com |
IR: | See website |
Key People | ||
Oluwasanmi Famuyide Chief Executive Officer |
Business Overview |
Decklar Resources Inc. is an independent international oil and gas company. The Company's principal business activities are providing funding and technical advisory services to companies involved in the exploration and development of oil and gas properties in Nigeria. The Company is developing three fields, all located in Nigeria, including the Oza and Asaramatoru Fields located onshore in Oil Mining Lease (OML) 11 and the Emohua Field located nearby in OML 22. The Oza Field is an onshore conventional oil field, on dry terrain, in the northwestern part of Oil Mining Lease (OML) 11, approximately 30 kilometers (km) southwest of Port Harcourt, which is part of the Abia State in Nigeria. The Asaramatoru Field is located onshore in the shallow swamp in the southern part of Oil Mining License (OML) 11 in Nigeria. The Emohua Field is situated approximately six km west of the city of Port Harcourt in Rivers State and approximately 30 km west of the Oza Field. |
Financial Overview |
For the nine months ended 30 September 2023, Decklar Resources Inc revenues increased from C$0K to C$2M. Net loss increased 7% to C$3.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Development of oil fields segment loss increase of 77% to C$2.1M. Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.03. |
Employees: | 406 as of Dec 31, 2014 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $11.55M as of Sep 30, 2023 |
Annual revenue (TTM): | $2.25M as of Sep 30, 2023 |
EBITDA (TTM): | -$2.05M as of Sep 30, 2023 |
Net annual income (TTM): | -$13.08M as of Sep 30, 2023 |
Free cash flow (TTM): | $1.48M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $8.36M as of Sep 30, 2023 |
Shares outstanding: | 109,992,152 as of Sep 30, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |