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PetroShale Inc. (V:PSH)

Business Focus: Oil & Gas Exploration and Production

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Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 3230-421 7 Ave SW
Tel: 1-403-8280146
IR: See website
Key People
M. Bruce Chernoff
Executive Chairman of the Board
Mike Wood
President, Chief Executive Officer
Caleb Morgret
Chief Financial Officer
Antonio Izzo
Vice President, Business Development
Nicole Bacsalmasi
Corporate Secretary
Business Overview
PetroShale Inc (PetroShale) is a Canada-based oil company. The Company is engaged in the acquisition, development and consolidation of interests in the North Dakota Bakken/Three Forks. The Company operates in the production of petroleum and natural gas and the exploration for and development of oil and natural gas properties segment. The Company and its subsidiaries operate in two geographical segments, namely, Canada and the United States. The Company owns interests in certain oil and natural gas leases beneath the Missouri River in North Dakota. PetroShale (US), Inc is the Company's subsidiary.
Financial Overview
For the three months ended 31 March 2019, Petroshale Inc revenues increased 27% to C$17.2M. Net loss totaled C$996K vs. income of C$2.4M. Revenues reflect United States segment increase of 11% to C$17.2M, Canada segment increase of 64% to C$23K. Net loss reflects Depletion and depreciation increase of 50% to C$6.6M (expense), General and administrative increase from C$554K to C$1.2M (expense).
Employees: 7 as of Dec 31, 2013
Reporting Currency: Canadian Dollars
Enterprise value: $296.08M as of Mar 31, 2019
Annual revenue (TTM): $98.33M as of Mar 31, 2019
EBITDA (TTM): $66.03M as of Mar 31, 2019
Net annual income (TTM): $23.71M as of Mar 31, 2019
Free cash flow (TTM): -$103.37M as of Mar 31, 2019
Net Debt Last Fiscal Year: $172.66M as of Mar 31, 2019
Shares outstanding: 192,164,575 as of Aug 7, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization