Last C$0.05 CAD
Change Today 0.00 / 0.00%
Volume 342.7K
GXR On Other Exchanges
Symbol
Exchange
Venture
OTC US
Frankfurt
As of 12:58 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

georox resources inc (GXR) Snapshot

Open
C$0.06
Previous Close
C$0.05
Day High
C$0.06
Day Low
C$0.05
52 Week High
07/8/14 - C$0.11
52 Week Low
02/18/14 - C$0.04
Market Cap
1.8M
Average Volume 10 Days
173.2K
EPS TTM
C$0.0098
Shares Outstanding
35.6M
EX-Date
--
P/E TM
5.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for GEOROX RESOURCES INC (GXR)

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georox resources inc (GXR) Details

Georox Resources Inc., a natural resources exploration company, is engaged in the acquisition, exploration, and development of petroleum and natural gas properties in western Canada. It has interests in the Silverdale property in Alberta; the Coteau Lake property in southeastern Saskatchewan and northeast Montana; and the Pouce Coupe property in the Pouce Coupe area, northwest Alberta. The company was formerly known as Oromonte Resources Inc. and changed its name to Georox Resources Inc. in August 2008. Georox Resources Inc. was incorporated in 2003 and is headquartered in Kelowna, Canada.

Founded in 2003

georox resources inc (GXR) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$60.0K
Chief Financial Officer
Total Annual Compensation: C$78.0K
Compensation as of Fiscal Year 2013.

georox resources inc (GXR) Key Developments

Georox Resources Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014 and Production Results for the Second Quarter Ended June 30, 2014

Georox Resources Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2014 and production results for the second quarter ended June 30, 2014. For the quarter, the company reported revenue of CAD 1,064,773 against CAD 372,294 a year ago. Operating income was CAD 166,369 against operating loss of CAD 20,409 a year ago. Net income was CAD 648,710 against CAD 28,275 a year ago. Basic and diluted income per share was CAD 0.02 against CAD 0.00 a year ago. Basic and diluted income from continuing operations per share was CAD 0.02 against CAD 0.00 a year ago. EBITDA (earnings before interest, taxes, depreciation and amortization) increased to CAD 1,272,679 as compared with an adjusted EBITDA of CAD 90,875 for the comparative period of 2013. This represents an increase of 1,300% in the second quarter. For the six months, the company reported revenue of CAD 1,425,116 against CAD 697,640 a year ago. Operating income was CAD 350,948 against operating loss of CAD 89,149 a year ago. Net income was CAD 819,390 against CAD 373,549 a year ago. Basic and diluted income per share was CAD 0.02 against CAD 0.01 a year ago. Basic and diluted income from continuing operations per share was CAD 0.02 against CAD 0.01 a year ago. For the quarter, the company's oil and natural gas production increased by 236% 16,861 boes from 7,140 boes a year ago. Average net production volumes increased from 313% to 250 boes per day from 80 boes per day a year ago.

Georox Resources Inc. to Acquire Producing Oil and Gas Interests in Red Earth and Otter, Alberta

Georox Resources Inc. announced that it has entered into a letter of intent to acquire certain high working interest producing oil and gas interests in Red Earth, Alberta, approximately 106 kms north of Lesser Slave Lake from an arm's length corporation. The properties subject to the Transaction consist of working interests in a total of 11.38 sections of land comprised of 2.125 sections in Red Earth that has nine producing oil wells and one standing oil well in which the company will acquire a 100% working interest subject to reduction, in most instances, to a 97% working interest after payout. In addition, the company will acquire the well bores to three abandoned wells in which it will hold a 100% working interest in one and a 50% working interest in the two others. In Otter, located 25 kms to the NW of Red Earth, Georox will acquire a 100% working interests in 9.25 sections of prospective land.

Georox Resources Inc. Auditor Raises 'Going Concern' Doubt

Georox Resources Inc. filed its Annual on Apr 23, 2014 for the period ending Dec 31, 2013. In this report its auditor, Meyers Norris Penny LLP - MNP LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

 

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