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palo duro energy inc (PDE) Snapshot

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palo duro energy inc (PDE) Details

Palo Duro Energy Inc. engages in the exploration and development of oil and gas properties in the United States. It holds a 27% working interests in the Palo Duro Basin oil and gas fields in northwest Texas; and a 23% working interests in approximately 48,810 acre project located in McLennan County, Texas. The company is based in Vancouver, Canada.

palo duro energy inc (PDE) Top Compensated Officers

Chief Executive Officer, President, Secretary...
Total Annual Compensation: C$7.0K
Compensation as of Fiscal Year 2012.

palo duro energy inc (PDE) Key Developments

Palo Duro Energy Inc. Appoints Murray G. Flanigan as Chief Financial Officer

Palo Duro Energy Inc. announced the appointment of Murray G. Flanigan as chief financial officer. Mr. Flanigan brings a wealth of international financial management, public market, and business development experience to Palo Duro Energy Inc. Mr. Flanigan has previously served as CFO of Qwest Investment Management Inc. During his tenure he was responsible for the preparation and completion of interim, year-end consolidated financial statements, and all regulatory reporting and filings for Qwest and for several private and publicly listed companies in Qwest's portfolio.

Palo Duro Energy Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Palo Duro Energy Inc. announced earnings results for the third quarter and nine months ended September 30, 2013. The company reported net and comprehensive loss for the third quarter ended September 30, 2013 was CAD 37,783, or CAD 0 loss per share, compared to a net and comprehensive loss of CAD 118,325, or CAD 0 loss per share, for the same quarter ended September 30, 2012. Interest income for the third quarter ended September 30, 2013 was CAD 4,903, compared to CAD 5,886 for the same quarter ended September 30, 2012. Net and comprehensive loss for the nine months ended September 30, 2013 was CAD 124,795, or CAD 0 loss per share, compared to a net and comprehensive loss of CAD 303,910, or CAD 0.01 loss per share, for the same period ended September 30, 2012. Interest income for the nine months ended September 30, 2013 was CAD 15,785, compared to CAD 17,464 for the same period ended September 30, 2012.

Palo Duro Energy Inc. Announces Management Changes

Palo Duro Energy Inc. announced that Mr. Danny Lee has tendered his resignation to the Board of Directors resigning from the position of Chief Financial Officer of the company. In the interim, the Board has appointed Mr. Kurt Bordian, President and CEO, as acting CFO of the company effective immediately. The company also announced the resignation of Sarge Berner. The company announced the appointment of Andrew Stibbs as Director of the company. Mr. Stibbs is a special projects and compliance manager with private companies in industry. He has extensive project management, corporate finance, and operational experience in the consumer products, technology, mineral resource and energy sectors.

 

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