Last C$0.14 CAD
Change Today +0.03 / 28.57%
Volume 543.3K
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anderson energy ltd (AXL) Snapshot

Open
C$0.11
Previous Close
C$0.11
Day High
C$0.14
Day Low
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52 Week High
08/6/14 - C$0.35
52 Week Low
12/16/14 - C$0.10
Market Cap
23.3M
Average Volume 10 Days
562.8K
EPS TTM
C$-0.04
Shares Outstanding
172.5M
EX-Date
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P/E TM
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Current Stock Chart for ANDERSON ENERGY LTD (AXL)

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anderson energy ltd (AXL) Details

Anderson Energy Ltd., together with its subsidiaries, acquires, develops, and produces conventional oil and natural gas reserves western Canada. Its principal property includes the Greater Willesden Green area located to the northwest of Calgary, Alberta. The company was founded in 2002 and is headquartered in Calgary, Canada.

26 Employees
Last Reported Date: 03/31/14
Founded in 2002

anderson energy ltd (AXL) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$320.0K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$258.5K
Chief Operating Officer
Total Annual Compensation: C$258.5K
Vice President of Drilling and Completions
Total Annual Compensation: C$231.0K
Vice President of Exploitation
Total Annual Compensation: C$231.0K
Compensation as of Fiscal Year 2013.

anderson energy ltd (AXL) Key Developments

Anderson Energy Ltd Announces Consolidated Unaudited Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Production Guidance for the Full Year of 2014 and Revised Capital Budget for the Full Year of 2014

Anderson Energy Ltd. announced consolidated unaudited earnings and production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenue, net of royalties and other gains of $9,958,000 compared with $10,831,000 for the same period a year ago. Loss from operating activities was $375,000 compared with $47,071,000 for the same period a year ago. Loss before taxes was $2,953,000 compared with $50,437,000 for the same period a year ago. Loss and comprehensive loss for the period was $2,953,000 or $0.01 per basic and diluted share compared with $48,737,000 or $0.28 per basic and diluted share for the same period a year ago. Funds from operations were $2.3 million in the third quarter of 2014, up 64% from the third quarter of 2013. The company spent $9.4 million on capital projects in the third quarter of 2014, compared to $3.8 million (net of minor property dispositions) in the second quarter of 2014. Adjusted loss before taxes was $2,953,000 compared with $5,856,000 for the same period a year ago. Cash from operating activities was $3,060,000 compared with $1,626,000 for the same period a year ago. For the nine months, the company reported total revenue, net of royalties and other gains of $35,758,000 compared with $38,764,000 for the same period a year ago. Earnings from operating activities was $4,321,000 compared with loss from operating activities of $49,276,000 for the same period a year ago. Loss before taxes was $3,402,000 compared with $59,222,000 for the same period a year ago. Loss and comprehensive loss for the period was $3,402,000 or $0.02 per basic and diluted share compared with $103,156,000 or $0.60 per basic and diluted share for the same period a year ago. Net cash provided by operations was $13,529,000 compared with $10,750,000 for the same period a year ago. Property, plant and equipment expenditures was $30,221,000 compared with $8,116,000 for the same period a year ago. Total net debt was $97,334,000 on September 30, 2014 compared with $79,240,000 for the period ended on December 31, 2013. Funds from operations were $13.3 million in the first nine months of 2014, up 15% from the same period of 2013. Adjusted loss before taxes was $3,402,000 compared with $14,641,000 for the same period a year ago. Cash from operating activities was $13,529,000 compared with $10,750,000 for the same period a year ago. For the quarter, the company produced oil and condensate of 568 bpd compared with 1,061bpd for the same period a year ago. NGL was 171 bpd compared with 202 bpd for the same period a year ago. Natural gas was 12,323 Mcfd compared with 13,119 Mcfd for the same period a year ago. Barrels of oil equivalent was 2,793 BOED compared with 3,449 BOED for the same period a year ago. For the nine months, the company produced oil and condensate of 806 bpd compared with 1,305 bpd for the same period a year ago. NGL was 161 bpd compared with 190 bpd for the same period a year ago. Natural gas was 12,525 Mcfd compared with 14,157 Mcfd for the same period a year ago. Barrels of oil equivalent was 3,055 BOED compared with 3,854 BOED for the same period a year ago. The Company's 2014 annual production guidance is 3,200 BOED (34% oil, condensate and NGL). Exit production guidance for 2014 remains unchanged at 3,700 BOED (42% oil, condensate and NGL). The company has increased its 2014 capital budget to $52 million from $46 million.

Anderson Energy Ltd. Announces Consolidated Unaudited Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production and Capital Budget Guidance for the Full Year of 2014

Anderson Energy Ltd. announced consolidated unaudited earnings and production results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues net of royalties and other gains of $13,510,000 compared with $14,345,000 for the same period a year ago. Earnings from operating activities were $1,572,000 compared with loss from operating activities of $365,000 for the same period a year ago. Loss before taxes was $993,000 compared with $3,672,000 for the same period a year ago. Funds from operations were $5,458,000 or $0.03 per basic and diluted share compared with $4,701,000 or $0.03 per basic and diluted share for the same period a year ago. Capital expenditures, net of proceeds on dispositions was $3,806,000 compared with $186,000 for the same period a year ago. Adjusted loss before taxes was $993,000 or $0.01 per basic and diluted share compared with $3,672,000 or $0.02 per basic and diluted share for the same period a year ago. Loss and comprehensive loss for the period was $993,000 or $0.01 per basic and diluted share compared with $49,306,000 or $0.29 per basic and diluted share for the same period a year ago. Cash from operating activities was $8,094,000 compared with $3,953,000 for the same period a year ago. For the six months, the company reported total revenues net of royalties and other gains of $26,705,000 compared with $29,613,000 for the same period a year ago. Earnings from operating activities were $4,696,000 compared with loss from operating activities of $2,205,000 for the same period a year ago. Loss before taxes was $449,000 compared with $8,785,000 for the same period a year ago. Loss and comprehensive loss for the period was $449,000 or compared with $54,419,000 for the same period a year ago. Property, plant and equipment expenditures were $20,850,000 compared with $7,900,000 for the same period a year ago. Funds from operations were $10,996,000 or $0.06 per basic and diluted share compared with $10,187,000 or $0.06 per basic and diluted share for the same period a year ago. Adjusted loss before taxes was $449,000 or compared with $8,785,000 for the same period a year ago. Capital expenditures, net of proceeds on dispositions was $19,838,000 compared with $7,848,000 for the same period a year ago. Cash from operating activities was $10,469,000 compared with $9,124,000 for the same period a year ago. For the quarter, the company reported total production of 3,414 BOED against 3,931 BOED for the same period a year ago. For the six months, the company reported total production of 3,188 BOED against 4,060 BOED for the same period a year ago. The company's 2014 annual production guidance remains unchanged at 3,200 BOED (36% oil, condensate and NGL). Exit production guidance for 2014 remains unchanged at 3,700 BOED (42% oil, condensate and NGL). The Board of Directors has approved a 2014 capital budget of $46 million.

Anderson Energy Mulls Acquisitions

Anderson Energy Ltd (TSX:AXL) is looking for acquisitions. Anderson Energy Ltd stated that the company continues to evaluate farm-in and proper y acquisitions in its Cardium and Glauconite focus areas.

 

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