Lycos Energy Inc. (V:LCX)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | 215 - 2nd Street SW, Suite 1900 CALGARY AB T2P 1M4 |
| Tel: | N/A |
| Website: | https://lycosenergy.com |
| IR: | See website |
| Key People | ||
| David E. Burton President, Chief Executive Officer, Director | Lindsay Goos Chief Financial Officer, Vice President - Finance | Kyle Boon Chief Operating Officer |
| Jamie Peter Conboy Vice President - Exploration | Barret Hensche Vice President - Production | Jeff Rideout Vice President - Land |
| Business Overview |
| Lycos Energy Inc. is an oil-focused, exploration, development, and production company. The Company is engaged in the exploration and development of petroleum and natural gas production in western Canada. The Company is engaged in operating heavy oil development assets in the Gull Lake area of southwest Saskatchewan and heavy oil assets in the Lloydminster area. The Company also owns approximately 12,335 net acres of Wyatt land, including over 20 net drilling locations, which has a production of about 400 barrels of oil equivalent per day (boe/d). Its acquisition focus is primarily in the Lloydminster area. In addition, the Company retains low-decline, long-life producing assets in the Gull Lake/Swift Current area in Southwest Saskatchewan. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Lycos Energy Inc revenues increased from C$35.9M to C$85.4M. Net income increased from C$3.7M to C$24.7M. Revenues reflect Petroleum and natural gas sales increase from C$41M to C$96.4M. Net income benefited from Equity Earnings -Before Taxes increase from C$3.3M (expense) to C$35K (income), Listing expense decrease from C$1.5M (expense) to C$0K. |
| Employees: | 32 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $181.86M as of Dec 31, 2023 |
| Annual revenue (TTM): | $85.42M as of Dec 31, 2023 |
| EBITDA (TTM): | $28.51M as of Dec 31, 2023 |
| Net annual income (TTM): | $24.72M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$36.85M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 53,081,147 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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