Sector: Energy | Industry: Oil & Gas Exploration and Production |
Company Contact | |
Address: | 715 - 5TH AVENUE SW, SUITE 3200 CALGARY AB T2P 2X6 |
Tel: | 1-416-8681079 |
Website: | https://www.canoverseas.com |
IR: | See website |
Key People | ||
Peter Kravitz Interim Chief Executive Officer | Robert Dion Vice President - Finance, Controller | Rod Christensen Vice President - Exploration and Exploitation |
Richard Paul Mays Vice President - Business Development, General Counsel | Faralee A. Chanin Corporate Secretary |
Business Overview |
Canadian Overseas Petroleum Limited is a Canada-based international oil and gas exploration, development and production company. The Company and its subsidiaries are involved in the identification, acquisition, exploration, development and production of oil and natural gas reserves. The Company is engaged in pursuing opportunities in the United States with operations in Wyoming. It operates the Cole Creek Unit 100% WI, Barron Flats Shannon (Miscible) Unit 85% WI and holds Barron Flats Federal (Deep) 85% WI in addition to non-unitized lands 100% WI. Its Wyoming operations uses minimal gas flaring and methane emissions combined with electricity sourced from a neighboring wind farm to power production facilities. The Company's subsidiary is COPL America Inc. |
Financial Overview |
For the nine months ended 30 September 2023, Canadian Overseas Petroleum Limited revenues decreased 22% to $16.5M. Net loss decreased 63% to $6.4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Change in fair value of convertible bond increase from $325K to $21M (income). |
Employees: | 23 as of Dec 31, 2022 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $91.65M as of Sep 30, 2023 |
Annual revenue (TTM): | $31.58M as of Sep 30, 2023 |
EBITDA (TTM): | -$0.05M as of Sep 30, 2023 |
Net annual income (TTM): | -$46.88M as of Sep 30, 2023 |
Free cash flow (TTM): | -$15.59M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $72.50M as of Sep 30, 2023 |
Shares outstanding: | 3,669,486,512 as of Feb 7, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |