Last C$0.09 CAD
Change Today -0.015 / -15.00%
Volume 10.0K
AZA On Other Exchanges
Symbol
Exchange
Venture
Frankfurt
OTC US
As of 1:20 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

azabache energy inc (AZA) Snapshot

Open
C$0.09
Previous Close
C$0.10
Day High
C$0.09
Day Low
C$0.09
52 Week High
01/16/14 - C$0.18
52 Week Low
06/2/14 - C$0.06
Market Cap
15.1M
Average Volume 10 Days
26.8K
EPS TTM
C$-0.06
Shares Outstanding
177.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AZABACHE ENERGY INC (AZA)

Related News

No related news articles were found.

azabache energy inc (AZA) Related Businessweek News

No Related Businessweek News Found

azabache energy inc (AZA) Details

Azabache Energy Inc., a junior exploration company, acquires, explores, and develops petroleum and natural gas properties primarily in Argentina and Colombia. The company has interests in the three properties in Argentina, including the El Corte, an exploration permit covering an area of 334 square kilometers and is located in the Neuquén Basin, Neuquén province; the Covunco Norte-Sur, an exploration permit covering an area of 336 square kilometers and is located in the Neuquén Basin, Neuquén province; and Loma El Divisadero, an exploitation concession covering an area of 170 square kilometers and is located in the Neuquén Basin, Mendoza province. It also has exploration, development, and exploitation rights in two blocks in Colombia comprising La Mona, an exploration block covering 445 square kilometers and is located in the Lower Magdalena Basin; and Antares, an exploration block of 169 square kilometers and is located in the Upper Magdalena Basin. The company was formerly known as Argenta Oil & Gas Inc. and changed its name to Azabache Energy Inc. in January 2010. Azabache Energy Inc. is headquartered in Calgary, Canada.

azabache energy inc (AZA) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$163.9K
Corporate Secretary
Total Annual Compensation: --
Vice President of Corporate Development
Total Annual Compensation: C$162.9K
Controller
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

azabache energy inc (AZA) Key Developments

Azabache Energy Inc. Announces Production Testing Results

Azabache Energy Inc. announced the completion of the production testing operation performed on the Cvo.x-2 exploration well on the Covunco Norte Sur Block, Neuquén Province (the Block). The company is pleased to provide the following up date: 1. Upon the Cvo.x-2 well being completed and the hydraulic fracture stimulation at the planned depths (1st stage: perforated at 1,991.5 to 1,974.0 m below ground level; 2nd stage: perforated at 1,946.0 to 1,914.5 m below ground level; and 3rd stage: perforated at 1,672.7 to 1,642.0 m below ground level) a bridge plug was placed in order to isolate the 1st stage from the others as it was not successfully completed with Proppant. The reason why the first stage did not penetrate the Vaca Muerta Formation as expected is being currently analyzed; 2. Between 01/16/2014 up to 03/14/2014 the well was extracted from the 2nd and 3rd stages by means of a well testing circuit (Wellhead Chicksan Connections, Manifold, Triphasic Separator, Flowback and Storage Tanks and Burned lines), with a maximum flow back net of oil (37 API) of 24 Bbls/d and a maximum gas flow of 56,000 Scf/d, with a gross flow back of 75% water (frac water). During this period, the wellhead pressure went from 1850 to 220 Psi, flowing through a 3 mm Choke. 67% of the total volume of water injected was recovered in the 2nd and 3rd stages; 3. The results obtained from the Production Logging Tool suggest that the fracture was effective at the 2nd stage level, especially in the upper section, where 1,259 m3 of water and 182.6 metric tons of Proppant were placed. This section has an average TOC content of 2.29% and it has limestone interbedded with shale. The role of these limestones and potential natural fractures is not known yet and is a matter for study. The results of these studies will be considered as a basis for future interventions; 4. After the Production Logging Tool was removed, the well was shut-in due to the low pressure to wait for its recovery and then re-entry within approximately 3 months when the pressure in wellhead recovers. The pressure will be monitored periodically; 5. The company now is now submitting the required technical information and applications to the Neuquén Province to obtain an extended evaluation period for this Block and expects to obtain the necessary approvals in the next few weeks.

Azabache Energy Inc. Announces Executive Changes

Azabache Energy Inc. announced the appointment of Mr. Marc Bouchard Chief Financial Officer of the Company effective April 1, 2014. Mr. Mark Hopkins has resigned as CFO effective the same date but will remain with the company as a part time Controller for a six month period. Mr. Bouchard is the chairman Chairman of Toll Cross Securities Inc. and served as the CFO of Toll Cross for 12 years.

Azabache Energy Inc. Announces Successful Fracture Stimulation Operation at the Cvo.x-2 Well in the Covunco Norte Sur Block, Neuquén Province

Azabache Energy Inc. announced the completion of the fracture stimulation operation at the Cvo.x-2 well in the Covunco Norte Sur Block, Neuquén Province. The operation achieved its primary objective of proving that oil can be liberated from the Vaca Muerta formation, which is consistent with previous studies conducted by the Company's consultants on the Block. The lower stimulation (perforated at 1,990.5 to 1,974.0 meters below ground level) was halted after the injection of 876 cubic meters of water and 20.9 metric tons of proppant, due to low fraccability of the base of the Vaca Muerta formation and because the fractures were expanding beyond the target zone into the gas and water bearing Tordillo formation, below the Vaca Muerta. The middle stimulation (perforated at 1,946.0 to 1,914.5 meters below ground level) was completed after the injection of 1,259 cubic meters of water and 182.6 metric tons of proppant. A microseismic survey indicated the fractures extended 210 meters in length and 189 meters in height above the perforated zone. The upper stimulation (perforated 1,672.7 to 1,642.0 meters below ground level) was completed after the injection of 1,538 cubic meters of water and 211.1 metric tons of proppant. A microseismic survey indicated the fractures extended 287 meters in length and 186 meters in height above the perforated zone. Currently the well is on test production. The injected water is expected to be recovered during the first 3 weeks, after which the formation fluid is expected to be produced.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
AZA:CN C$0.09 CAD -0.015

AZA Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for AZA.
View Industry Companies
 

Industry Analysis

AZA

Industry Average

Valuation AZA Industry Range
Price/Earnings NM Not Meaningful
Price/Sales -- Not Meaningful
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales -- Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact AZABACHE ENERGY INC, please visit www.azaenergy.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.