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Range Energy Resources Inc. (C:RGO)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 810, 789 West Pender Street
Tel: N/A
IR: See website
Key People
Toufic A. Chahine
Chairman of the Board, Chief Executive Officer
Allan J. Bezanson
Interim President, Director
Eugene Beukman
Chief Financial Officer, Corporate Secretary
Business Overview
Range Energy Resources Inc. is a Canada-based development-stage company. The Company is engaged in investing in entities involved in the acquisition, exploration and development of oil and gas properties. Its principal asset is an indirect investment in oil and gas property, Khalakan Block, located in Kurdistan Region of Iraq. The Company operates through investing in entities involved in the acquisition, exploration and development of oil and gas properties segment. The Kurdistan Regional Government of Iraq holds interest in the Khalakan production sharing contract (PSC) for an oil and gas resource property (Khalakan Block). The Khalakan Block consists of approximately two concessions, Blocks 28 and 29 (sometimes referred to as Blocks 6 and 7) and consists of approximately 620 square kilometers located in the central part of the Kurdistan Region of Iraq. The Company's subsidiary is Faucon Hec Resources Ltd.
Financial Overview
For the six months ended 30 June 2020, Range Energy Resources Inc revenues was not reported. Net loss increased 13% to C$1.4M. Higher net loss reflects Interest increase of 15% to C$1.3M (expense), Audit and accounting fees increase of 37% to C$57K (expense), Foreign Exchange Gain/Loss'€“Non-Business decrease from C$2K (income) to C$4K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $26.07M as of Jun 30, 2020
Annual revenue (TTM): $0.00M as of Jun 30, 2020
EBITDA (TTM): -$0.21M as of Jun 30, 2020
Net annual income (TTM): -$2.81M as of Jun 30, 2020
Free cash flow (TTM): -$0.04M as of Jun 30, 2020
Net Debt Last Fiscal Year: $23.15M as of Jun 30, 2020
Shares outstanding: 856,225,977 as of Jun 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization