Tenth Avenue Petroleum Corp. (V:TPC)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | 2003, 188 15th Ave S.W., CALGARY AB T2R 1S4 |
| Tel: | N/A |
| Website: | tenthavenuepetroleum.com |
| IR: | See website |
| Key People | ||
| Gregory J. Leia President, Chief Executive Officer, Director | Sonja Kuehnle Chief Financial Officer | |
| Business Overview |
| Tenth Avenue Petroleum Corp. is a Canada-based junior oil and gas exploration and production company with operations in Alberta. The Company is engaged in exploration, development and production of crude oil and natural gas properties in western Canada. Its operations include Murray Lake, Vulcan, Swan Hills Unit#1, Hays and Bow Island. Its Murray Lake is located 60 kilometers southwest of Medicine Hat. The Vulcan is located between the cities of Calgary and Lethbridge on Hwy 23. The Bow Island is located 100 kilometers West of Medicine Hat. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Tenth Avenue Petroleum Corp revenues increased 7% to C$3.5M. Net loss decreased 42% to C$1.4M. Revenues reflect Royalties increase of 26% to -C$512K, Revenue Sales of Goods & Services increase from C$24K to C$101K. Lower net loss reflects Impairment of property and equipment decrease of 73% to C$472K (expense), Stock based compensation decrease of 57% to C$160K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $4.97M as of Dec 31, 2023 |
| Annual revenue (TTM): | $3.45M as of Dec 31, 2023 |
| EBITDA (TTM): | -$0.16M as of Dec 31, 2023 |
| Net annual income (TTM): | -$1.41M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$0.07M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 39,944,100 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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