Last C$0.12 CAD
Change Today 0.00 / 0.00%
Volume 0.0
CRS On Other Exchanges
Symbol
Exchange
Venture
As of 1:22 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

cardiff energy corp (CRS) Snapshot

Open
C$0.13
Previous Close
C$0.12
Day High
C$0.13
Day Low
C$0.12
52 Week High
09/17/14 - C$0.29
52 Week Low
03/31/14 - C$0.02
Market Cap
4.1M
Average Volume 10 Days
351.7K
EPS TTM
C$-0.03
Shares Outstanding
33.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CARDIFF ENERGY CORP (CRS)

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cardiff energy corp (CRS) Details

Cardiff Energy Corp. engages in the acquisition, exploration, development, and production of oil and gas reserves in the United States and Canada. The company holds interests in 15 producing oil wells, 1 producing gas well, and 3 shut-in oil wells in the Lincoln County area of central Oklahoma; and 7 producing oil and gas wells in the Garvin County area of southern Oklahoma. It also holds interest in the Buzzard Sand project located in the Osage County of the state of Oklahoma. Cardiff Energy Corp. was founded in 2010 and is headquartered in North Vancouver, Canada.

Founded in 2010

cardiff energy corp (CRS) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: C$42.0K
President, Chief Financial Officer and Direct...
Total Annual Compensation: C$11.8K
Compensation as of Fiscal Year 2013.

cardiff energy corp (CRS) Key Developments

Cardiff Energy and Archer Petroleum Sign LOI on Participation Agreement

Cardiff Energy Corp. announced an LOI with Archer Petroleum Corp. where Archer intends to form a Participation Agreement on a 3 well drill program in Ballinger, Texas USA. Archer will fund 33% of the cost on the next 3 wells to earn a 25% working interest in each well. The wells will be drilled within the next 60 days. A definitive agreement will be finalized by December 15, 2014. Management of Cardiff Energy will be in Ballinger Texas on Wednesday December 11, 2014 and will work towards arranging the first 3 drill locations for the upcoming drill program. Management will also assess the completion of the Bearcat #4 well. The Gardner formation will be evaluated for a Horizontal Radial entry to free up hydrocarbons identified in the logs.

Cardiff Energy Corp. Announces Initial Production of the Bearcat #4 Well

Cardiff Energy Corp. announced initial production from the Bearcat #4 well in Ballinger, Texas. Martin Energy, the operator of the Bearcat #4 well has reported an initial production of 180 BOPD (Barrels of Oil per day) and 250,000 Cubic Feet of Gas (250 MCF). There are two additional formations in the well to be tested at a future date, the Middle Caps and Dog Bend Lime. Most of the Gas was tested from the Gardner formation. Logs indicate Oil is also present in the Gardner Lime formation. It is believed this zone may have been contaminated during the drilling and cementing phase. Martin Energy and Cardiff Energy are in the process of evaluating the timing and impact of a Horizontal Radial Drilling test on the Gardner formation penetrating any contamination to bring on-stream the Oil believe is trapped.

Cardiff Energy Corp. to Complete the Jennings Sand and Goen Lime Formations in the Bearcat 4 Well

Cardiff Energy Corp. announced a further update on the testing of the Bearcat 4 well in Ballinger, Texas. Martin Energy, operator of the Bearcat 4 well reports the Gardiner Lime to date has produced a significant amount of gas and given time as the gas cap is depleted, oil should begin to flow as indicated from the logs. As has been previously reported there are five additional zones that have been identified in the well and logs indicate that testing is warranted. Above the Gardiner Lime lie the Jennings Sand, the Goen Lime, the Middle Caps, and the Dog Bend Lime with the top formation being the Palo Pinto Lime. A decision has been made to proceed with perforating and testing the two formations immediately above the Gardiner Lime; the Jennings Sand and the Goen Lime. These two formations can be produced along with the Gardiner simultaneously. Dennis Martin of Martin Energy reports the Jennings Sand has produced 50,000 Barrels of Oil and the Goen Lime 100,000 Barrels of Oil cumulatively in the surrounding area.

 

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Valuation CRS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 21.4x
Price/Book 5.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales 25.6x

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