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PetroShale Inc. (V:PSH)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
See Regulatory Filings on SEDAR
Company Contact
Address: 3230-421 7 Ave SW
CALGARY AB T2P 4K9
Tel: 1-403-8280146
Website: www.petroshaleinc.com
IR: See website
Key People
M. Bruce Chernoff
Executive Chairman of the Board
Mike Wood
President, Chief Executive Officer
Caleb George 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 fiscal year ended 31 December 2019, Petroshale Inc revenues increased 40% to C$132.5M. Net income decreased 43% to C$15.3M. Revenues reflect United States segment increase of 36% to C$132.7M, Natural Gas - Production - Total increase of 49% to 2.46B cubic feet. Net income was offset by Production Costs per Unit - Average - To increase of 11% to C$11.61 per barrel.
Employees: 15 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $313.98M as of Dec 31, 2019
Annual revenue (TTM): $132.52M as of Dec 31, 2019
EBITDA (TTM): $89.85M as of Dec 31, 2019
Net annual income (TTM): $15.33M as of Dec 31, 2019
Free cash flow (TTM): -$173.51M as of Dec 31, 2019
Net Debt Last Fiscal Year: $275.82M as of Dec 31, 2019
Shares outstanding: 191,185,628 as of Dec 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization