Last $0.71 USD
Change Today +0.025 / 3.68%
Volume 3.3K
ANFC On Other Exchanges
Symbol
Exchange
OTC US
As of 5:20 PM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

black ridge oil and gas inc (ANFC) Snapshot

Open
$0.68
Previous Close
$0.68
Day High
$0.71
Day Low
$0.68
52 Week High
02/19/14 - $1.04
52 Week Low
10/10/14 - $0.51
Market Cap
33.8M
Average Volume 10 Days
47.8K
EPS TTM
$-0.01
Shares Outstanding
48.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BLACK RIDGE OIL AND GAS INC (ANFC)

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black ridge oil and gas inc (ANFC) Details

Black Ridge Oil & Gas, Inc. is engaged in the acquisition, exploration, development, and production of crude oil and natural gas properties primarily in the Bakken and Three Forks trends in North Dakota and Montana. As of December 31, 2013, the company had proven oil and gas reserves of 4.5 million barrels of oil equivalents. It also controlls approximately 12,040 net acres in the Williston Basin; and owns working interests in 224 gross wells. The company was formerly known as Ante5, Inc. and changed its name to Black Ridge Oil & Gas, Inc. in April 2012. Black Ridge Oil & Gas, Inc. was founded in 2010 and is based in Minnetonka, Minnesota.

8 Employees
Last Reported Date: 03/27/14
Founded in 2010

black ridge oil and gas inc (ANFC) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: $220.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $153.0K
Chief Operating Officer
Total Annual Compensation: $115.4K
Compensation as of Fiscal Year 2013.

black ridge oil and gas inc (ANFC) Key Developments

Black Ridge Oil & Gas, Inc. Enters into an Amendment to the Credit Agreement with Cadence Bank, N.A

Black Ridge Oil & Gas Inc. announced that it entered into an amendment to the credit agreement dated August 8, 2013, by and between the company and Cadence Bank, N.A. The amendment increases the borrowing base amount from $20,000,000 to $35,000,000. On September 11, 2014, Chambers Energy Management, LP and several other lenders under the company's second lien credit agreement dated August 8, 2013 consented to the amendment and changed the reference to the amount under the first lien carve out from $20,000,000 to $35,000,000. In consideration of the company's projected cash needs, the company and chambers reduced the current availability under the chambers subordinated credit facility by $5,000,000 to $30,000,000 with additional availability to be approved by chambers on an as needed basis for acquisitions.

Black Ridge Oil & Gas Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Operating Results for the Second Quarter of 2014

Black Ridge Oil & Gas Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company’s total revenues were $4,410,154 against $2,151,001 a year ago. Net operating income was $444,048 against $185,867 a year ago. Loss before provision for income taxes was $849,075 against $390,213 a year ago. Net loss was $543,360 or $0.01 basic and diluted per share compared to $297,300 or $0.01 per basic and diluted share a year ago. Adjusted EBITDA was $3,614,774 against $1,229,501 a year ago. For the six months, the company’s total revenues were $8,110,376 against $4,062,300 a year ago. Net operating income was $861,365 against $298,752 a year ago. Loss before provision for income taxes was $1,514,658 against $510,188 a year ago. Net loss was $924,920 or $0.02 basic and diluted per share compared to net income of $16,513,300 a year ago. Net cash provided by operating activities was $2,012,131 compared to $1,012,427 a year ago. Purchases of oil and gas properties and development capital expenditures were $11,731,981 compared to $2,675,398 a year ago. Adjusted EBITDA was $5,989,728 against $2,211,439 a year ago. Production for the second quarter of 2014 totaled 65,100 barrels of oil equivalent, averaging a 715 Boe/d, representing 153% growth over the second quarter of 2013 on a Boe/d basis.

Black Ridge Oil & Gas, Inc Presents at IPAA OGIS San Francisco Conference, Sep-22-2014 03:10 PM

Black Ridge Oil & Gas, Inc Presents at IPAA OGIS San Francisco Conference, Sep-22-2014 03:10 PM. Venue: The Palace Hotel, 2 New Montgomery Street, San Francisco, California, United States. Speakers: Kenneth T. DeCubellis, Chief Executive Officer.

 

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