Last C$0.03 CAD
Change Today 0.00 / 0.00%
Volume 0.0
CEZ On Other Exchanges
Symbol
Exchange
OTC US
As of 10:28 AM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

calmena energy services inc (CEZ) Snapshot

Open
C$0.02
Previous Close
C$0.03
Day High
C$0.03
Day Low
C$0.02
52 Week High
07/24/13 - C$0.14
52 Week Low
01/17/14 - C$0.01
Market Cap
7.5M
Average Volume 10 Days
188.3K
EPS TTM
C$-0.09
Shares Outstanding
301.5M
EX-Date
02/26/07
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CALMENA ENERGY SERVICES INC (CEZ)

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calmena energy services inc (CEZ) Details

Calmena Energy Services Inc., a diversified energy services company, provides well construction services for the exploration and development of oil and gas reserves in Canada, the United States, Latin America, the Middle East, and North Africa. The company’s services include directional drilling and frac fluids management services; and a range of services focused on the supply, storage, handling, treatment, and disposal of various oilfield fluid products. It is also involved in the rental of equipment, including rig mats, swamp matting, flare tanks, storage tanks, premix tanks, shale bins, flock tanks, invert systems, pickers, cranes, and other equipment. The company was formerly known as BlackWatch Energy Services Corp. and changed its name to Calmena Energy Services Inc. in June 2010. Calmena Energy Services Inc. was founded in 2006 and is headquartered in Calgary, Canada.

387 Employees
Last Reported Date: 03/31/14
Founded in 2006

calmena energy services inc (CEZ) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$250.0K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$236.3K
Senior Vice President of Canada
Total Annual Compensation: C$220.0K
Senior Vice President of Middle East & North ...
Total Annual Compensation: C$184.4K
Compensation as of Fiscal Year 2013.

calmena energy services inc (CEZ) Key Developments

Calmena Announces Resignation of John Brussa from the Board of Directors

Calmena announced that, following the annual general and special meeting of shareholders on June 30, 2014, Mr. John Brussa resigned from the board of directors.

Calmena Energy Services Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Calmena Energy Services Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the period, the company’s revenue was CAD 18,236,000 against CAD 39,510,000 a year ago. LBITDAS was CAD 502,000 against earnings of CAD 4,272,000 a year ago. Net loss for the period was CAD 2,587,000 against CAD 1,629,000 a year ago. Funds flow from operations was CAD 996,000 against CAD 4,312,000 a year ago. Basic and diluted loss per share was CAD 0.01 against CAD 0.01 a year ago. The main drivers of the decrease in revenue and EBITDA are the slowdown in industry drilling in Mexico initiated during the second quarter of 2013 which resulted in the termination of its drilling contracts; the closing of contract drilling operations in Brazil and Colombia, and the sale of Calmena's Canadian wireline and contract drilling service lines in the second and third quarters of 2013. Net debt as at March 31, 2014 was CAD 34.6 million compared to CAD 46.3 million as at March 31, 2013.

Calmena Energy Services Inc. Announces Update on the Status of its Senior Credit Facilities

Calmena Energy Services Inc. announced an update on the status of its senior credit facilities. On October 29, 2013 Calmena and its senior lender entered into an agreement whereby the senior lender agreed to forbear from demanding payment or enforcing security with respect to amounts owing by Calmena under its credit facilities with the senior lender on certain terms. On March 31, 2014, Calmena and the senior lender entered into an extension agreement pursuant to which the senior lender agreed to continue to forbear from demanding payment or enforcing its security under the credit facilities until the earlier of June 30, 2014 or a default as defined in the extension. The extension also provided that the company was required, on or before April 30, 2014, to have either paid $9.0 million as a permanent reduction under the credit facilities or to have entered into one or more binding transactions to sell assets allowing the company to fund the required $9.0 million reduction by May 31, 2014. Calmena and the senior lender have agreed to extend the Deadline to May 9, 2014.

 

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