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Power Resource Exploration Inc (PK:PREXF)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
Company Contact
Address: 1240 Kensington Rd NW Suite 104
CALGARY AB T2N 3P7
Tel: N/A
Website: N/A
IR: N/A
Key People
Ronald Daems
Interim President, Interim Chief Executive Officer, Interim Treasurer, Interim Secretary, Director
   
Business Overview
Power Resource Exploration Inc., formerly Power Oil & Gas Inc. is a Canada-based exploration stage company. The Company is engaged in the acquisition and exploration of oil and gas properties. The Company plans to carry out geological analysis of its properties to ascertain the level of deposits of natural gas and oil. The Company's properties comprises of 18 leases with the Government of the Province of Alberta, Canada spread over 4,284.32 hectares.
Financial Overview
For the fiscal year ended 31 December 2012, Power Resource Exploration Inc revenues was not reported. Net loss decreased 58% to C$439K. Lower net loss reflects Modification of warrants - stock-based c decrease of 54% to C$415K (expense), Write-off of oil and gas property intere decrease from C$117K (expense) to C$0K, Professional fees decrease of 61% to C$13K (expense).