Last $0.35 USD
Change Today 0.00 / 0.00%
Volume 0.0
COIL On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

citadel exploration inc (COIL) Snapshot

Open
$0.35
Previous Close
$0.35
Day High
$0.35
Day Low
$0.35
52 Week High
09/11/13 - $0.89
52 Week Low
08/12/14 - $0.10
Market Cap
10.8M
Average Volume 10 Days
7.7K
EPS TTM
--
Shares Outstanding
30.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CITADEL EXPLORATION INC (COIL)

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citadel exploration inc (COIL) Details

Citadel Exploration, Inc., a development stage company, acquires, explores for, and develops oil and natural gas properties in the Salinas and San Joaquin Basins of California. It holds interests in the Project Indian prospect, a thermal-recovery project located in the Bitterwater sub-basin of the Salinas Basin; and the Yowloumne prospect located near the Yowlumne oil field in Kern County, California. The company was founded in 2006 and is based in Newport Beach, California.

2 Employees
Last Reported Date: 04/14/14
Founded in 2006

citadel exploration inc (COIL) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $140.0K
Chief Financial Officer, Secretary, Treasurer...
Total Annual Compensation: $140.0K
Compensation as of Fiscal Year 2013.

citadel exploration inc (COIL) Key Developments

Citadel Exploration, Inc announced delayed 10-Q filing

On 08/15/2014, Citadel Exploration, Inc announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Citadel Exploration, Inc Announces New Field Discovery

Citadel Exploration Inc. announced that its first well at Project Indian, the Indian #1-15, has been producing approximately six barrels of oil per day, over the past seven days. This is the first oil ever produced on this structure after over 100 years of exploration efforts in the area by Standard Oil and Chevron Corp. The Indian #1-15 well data supports Citadel's predrilling geologic model. Citadel believes its 688 acre lease contains an unrisked resource potential of 100 million barrels of original oil in place (OOIP). Historically, thermal recovery methods in California have proven to recover 20-60% of the OOIP. Citadel will now move into Phase II of the project. Phase II will include preparing a complete Environment Impact Report (EIR) for full field development which will likely require several hundred wells. Additionally, the company is working with its engineers to procure the long-lead items required for commercial production. These items include the purchase of a steam generator, heated production facilities, a reverse osmosis water system and construction of an approximate one mile of pipeline to connect to the existing natural gas system in the area.

Citadel Exploration Announces Conclusion of Joint Venture with Sojitz Energy Ventures, Inc

Citadel Exploration, Inc. announced that it has concluded its joint venture with Sojitz Energy Ventures. Sojitz has conveyed its 40% interest in Project Indian and 55% interest in the Yowlumne project to Citadel. Citadel will now have 100% of the working interest in Project Indian and 80% of the working interest in its Yowlumne project. Citadel is the operator of both projects.

 

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Valuation COIL Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1,041.1x
Price/Book 9.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1,115.5x

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