Last C$0.08 CAD
Change Today 0.00 / 0.00%
Volume 13.0K
FEN On Other Exchanges
Symbol
Exchange
Venture
OTC US
As of 11:15 AM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

forent energy ltd (FEN) Snapshot

Open
C$0.08
Previous Close
C$0.08
Day High
C$0.08
Day Low
C$0.08
52 Week High
01/13/14 - C$0.13
52 Week Low
08/12/13 - C$0.06
Market Cap
15.1M
Average Volume 10 Days
86.1K
EPS TTM
C$-0.03
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. 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.

Forent Energy Ltd. Reports Audited Production Results for the Fourth Quarter Ended December 31, 2013; Plans to Execute a 3 Well Infill Development Drilling Program at Twining; Provides Production Guidance for 2014

Forent Energy Ltd. reported audited production results for the fourth quarter ended December 31, 2013. For the quarter, the company's total production more than tripled to 204 boe/d (60% oil & liquids) with the majority of the increase resulting from the addition of three oil producing properties that were acquired on October 4, 2013. The company will be executing a 3 well infill development drilling program at Twining, immediately after local road bans have been removed from access roads. The company is planning to grow its oil and associated gas production to over 300 boe/d by the end of 2014 through the drilling of low risk, development wells within its current asset base.

Forent Mulls Acquisitions

Forent Energy Ltd. (TSXV:FEN) is seeking acquisition opportunities. Forent also continues to evaluate oil and natural gas acquisition opportunities and potential corporate mergers in order to provide increased per share growth for our Shareholders.

 

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FEN

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Valuation FEN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 8.3x
Price/Book 1.3x
Price/Cash Flow 5.5x
TEV/Sales 7.6x
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