Sector: Energy | Industry: Oil & Gas Exploration and Production |
Company Contact | |
Address: | 1650 AMEC Place, 801 Sixth Avenue SW CALGARY AB T2P 3W2 |
Tel: | N/A |
Website: | https://www.questerre.com |
IR: | See website |
Key People | ||
Michael Rupert Binnion President, Chief Executive Officer, Director | Jason D'Silva Chief Financial Officer | Peter Coldham Vice President - Engineering and Operations |
John Brodylo Vice President - Exploration | Rick Tityk Vice President - Land |
Business Overview |
Questerre Energy Corporation is a Canada-based energy technology and innovation company. The Company is engaged in the acquisition, exploration and development of oil and gas projects, in specific, non-conventional projects such as tight oil, oil shale, shale oil and shale gas. The Company's segments include Western Canada, Quebec and Corporate & other. The Western Canada segment is engaged in exploration and development activities in Western Canada, including Alberta, Saskatchewan, and Manitoba with existing production of natural gas, crude oil, and natural gas liquids. The Quebec segment is engaged in development of a significant natural gas discovery in the province with a focus on securing social acceptability and regulatory approvals for a clean technology energy project. The Corporate & other segment provides general and administrative resources to manage the respective operating segments. It also Includes exploration activities in the Kingdom of Jordan. |
Financial Overview |
For the fiscal year ended 31 December 2023, Questerre Energy Corp (Canada) revenues decreased 24% to C$35.7M. Net loss totaled C$23.7M vs. income of C$14.1M. Revenues reflect Crude Oil Production decrease of 2% to 113K barrels, Petroleum and natural gas revenue decrease of 19% to C$41.7M. Net loss reflects Western Canada segment loss totaling C$17.1M vs. income of C$21.2M, Development Costs increase of 67% to C$4.7M. |
Employees: | 11 as of Dec 31, 2022 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $55.44M as of Dec 31, 2023 |
Annual revenue (TTM): | $35.71M as of Dec 31, 2023 |
EBITDA (TTM): | $13.17M as of Dec 31, 2023 |
Net annual income (TTM): | -$23.71M as of Dec 31, 2023 |
Free cash flow (TTM): | $6.17M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 428,516,000 as of Dec 31, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |