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Canadian Overseas Petroleum Limited (C:XOP)

Business Focus: Oil & Gas Exploration and Production (NEC)

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