Last C$0.06 CAD
Change Today 0.00 / 0.00%
Volume 0.0
FEN On Other Exchanges
Symbol
Exchange
Venture
OTC US
As of 2:23 PM 10/29/14 All times are local (Market data is delayed by at least 15 minutes).

forent energy ltd (FEN) Snapshot

Open
C$0.05
Previous Close
C$0.05
Day High
C$0.06
Day Low
C$0.05
52 Week High
01/13/14 - C$0.13
52 Week Low
10/28/14 - C$0.05
Market Cap
10.4M
Average Volume 10 Days
115.8K
EPS TTM
C$-0.02
Shares Outstanding
188.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for FORENT ENERGY LTD (FEN)

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forent energy ltd (FEN) Details

Forent Energy Ltd. is engaged in the acquisition, exploration, development, and production crude oil and natural gas in Canada. It principally holds interests in the Twining oil property; the Wayne oil property; and in approximately 6,684 hectares of land in the Chinook area of southern Alberta. The company is headquartered in Calgary, Canada.

forent energy ltd (FEN) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$175.2K
Vice President of Exploration
Total Annual Compensation: C$209.2K
Vice President of Geology
Total Annual Compensation: C$145.6K
Compensation as of Fiscal Year 2013.

forent energy ltd (FEN) Key Developments

Forent Energy Ltd. Announces Earnings and Operating Results for the Second Quarter and Earnings Results for the Six Months Ended June 30, 2014; Provides Capital Spending Guidance for the Third Quarter of 2014

Forent Energy Ltd. announced earnings and operating results for the second quarter and earnings results for the six months ended June 30, 2014. For the quarter, the company reported revenues of $0.738 compared with $0.118 for the prior year periods. Funds flow from operations was an outflow of $0.016 during second quarter of 2014 compared with an outflow of $0.212 in the prior year quarter. Funds flow for the second quarter were lower than first quarter of 2014 as the company's Wayne field had a temporary drop in production when a key well required a workover to remove formation sand. Capital spending during second quarter of 2014 was $3.1 million. For the six months, the company reported revenues of $1.6 million compared with $0.264 for the prior year periods. Funds flow from operations was $0.133 compared with an outflow of $0.684 in the prior year period. For the second quarter, the company’s oil and natural gas sales during second quarter of 2014 increased significantly, averaging 172 BOEd compared with 54 BOEd in second quarter of 2013. Twining field the company's total field estimated current production is 276 BOEd. The three new wells tripled production from the Twining field and increased the corporate liquids ratio to over 60%. The company anticipates capital spending an additional $790,000 during third quarter of 2014 in conjunction with the Twining completion, and equipping activities.

Forent Energy Mulls Acquisitions

Forent Energy Ltd. (TSXV:FEN) intends to pursue acquisitions. The company will continue to evaluate internally generated exploration prospects and complementary acquisition opportunities.

Forent Energy Ltd. Reports Earnings and Production Results for the First Quarter Ended March 31, 2014; Announces Expansion Plans

Forent Energy Ltd. reported earnings and production results for the first quarter ended March 31, 2014. For the period, the company reported revenues increased to $859,000 compared with $147,000 in the first quarter of the prior year. Funds flow from operations was a positive $150,000 compared with an outflow of $40,000 in first quarter of 2013. Capital spending was $280,000 compared with nil in first quarter of 2013. Net debt at March 31, 2014, was $1.6 million compared to net debt of $1.9 million at the beginning of the year. The company reported oil and natural gas sales during the first quarter averaged 194 BOEd compared with 62 BOEd in first quarter of 2013. Oil production was 107 bopd compared with 6 bopd for first quarter of 2013. The company will begin an initial three well infill development drilling program at Twining immediately after local road bans have been lifted. This is the first significant step in plan to increase oil and associated gas production to over 300 BOEd by the end of 2014. Additional drilling of low risk, development wells within current portfolio has the potential to far exceed that goal.

 

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Price/Cash Flow 3.4x
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