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Point Loma Resources Ltd. (V:PLX)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 2000-350 7 Ave SW
Tel: N/A
IR: See website
Key People
Business Overview
Point Loma Resources Ltd is a Canada-based oil and gas exploration and development company. The Company primarily engages in the exploration, development and production of conventional oil and natural gas in western Canada. It controls over 150,000 net acres in multi-zone Mannville to Mississippisan fairway of West Central Alberta, Point Loma. The Company is engaged in acquiring, drilling and developing assets for horizontal multi-stage frac technology and exploits opportunities for secondary recovery. The Company focuses on exploration and development oil play in the Paddle River area of Alberta. The Company also focuses on the Duvernay West Shale Basin. The Company operates on domestic market.
Financial Overview
For the nine months ended 30 September 2019, Point Loma Resources Ltd revenues decreased 11% to C$3.9M. Net loss increased from C$2.1M to C$6.7M. Revenues reflect Petroleum and natural gas decrease of 37% to C$2.9M, Royalties increase of 13% to C$568K. Higher net loss reflects Gain) Loss on Acquisition) increase from C$2.3M (income) to C$17K (expense), Accretion of site closure & Recla Exp increase of 37% to C$480K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $3.31M as of Sep 30, 2019
Annual revenue (TTM): $5.09M as of Sep 30, 2019
EBITDA (TTM): -$4.96M as of Sep 30, 2019
Net annual income (TTM): -$18.49M as of Sep 30, 2019
Free cash flow (TTM): -$6.83M as of Sep 30, 2019
Net Debt Last Fiscal Year: $0.95M as of Sep 30, 2019
Shares outstanding: 90,643,610 as of Feb 14, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization