Seven Generations Energy Ltd. explores and develops oil and gas resources. The company focuses on developing non-conventional resource plays in Canada and the United States. Seven Generations Energy Ltd. was founded in 2008 and is based in Calgary, Canada.
140-8th Avenue SW
Calgary, AB T2P 1B3T2P 1B3
Founded in 2008
Seven Generations Energy Ltd. Reports Double Shipping and Processing Contract Volumes
Jun 26 14
Seven Generations Energy Ltd. reported that it has reached agreement with Aux Sable Canada LP (Aux Sable) and, separately, with Alliance Pipeline Ltd. (Alliance) to double the previously contracted peak rich gas delivery volumes. Currently, the Company is contracted to deliver 250 MMcf/d of rich gas to Aux Sable's Channahon, Illinois extraction and fractionation facilities through the Alliance pipeline. The new long-term arrangements provide for doubling the peak volume to 500 MMcf/d within a four-year period. This new rate schedule makes 7G the larger single supplier currently contracted to Aux Sable. The Rich Gas Premium remuneration structure gives exposure for some of products to Chicago-based pricing which reduces its market concentration risk and the Chicago market has generally supported higher prices in recent years.
Seven Generations Energy Ltd. Announces Earnings and Production Results for the First Quarter Ended March 31, 2014
May 30 14
Seven Generations Energy Ltd. announced earnings and production results for the first quarter ended March 31, 2014. For the period the company reported revenue of CAD 103,331,000 against CAD 22,205,000 a year ago. Cash flow was CAD 53,958,000 against CAD 13,156,000 a year ago. Diluted cash flow per share was CAD 0.51 against CAD 0.15 a year ago. Net earnings were CAD 1,164,000 against CAD 876,000 a year ago. Diluted net earnings per share were CAD 0.01 against CAD 0.01 a year ago. Capital expenditures, net of dispositions were CAD 193,049,000 against CAD 132,469,000 a year ago.
First quarter production averaged to 20,231 boe per day and funds from operations also set a record at nearly CAD 54 million. Year over year first quarter production more than tripled from the first quarter of 2013, including a 75% increase from the fourth quarter of 2013.
Seven Generations Energy Ltd. Appoints Marty Proctor as President and Chief Operating Officer, Effective May 26, 2014
May 22 14
The Board of Directors of Seven Generations Energy Ltd. ("7G") announced that Mr. Marty Proctor has agreed to join the company as President and Chief Operating Officer. Marty, most recently served as the Chief Operating Officer of a publicly traded Canadian company. Marty will start with 7G on May 26, 2014.