Last C$0.36 CAD
Change Today 0.00 / 0.00%
Volume 3.0M
PRC On Other Exchanges
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Venture
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As of 3:59 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

panterra resource corp (PRC) Snapshot

Open
C$0.36
Previous Close
C$0.36
Day High
C$0.36
Day Low
C$0.36
52 Week High
07/9/14 - C$0.63
52 Week Low
09/6/13 - C$0.02
Market Cap
287.3M
Average Volume 10 Days
8.2M
EPS TTM
C$-0.11
Shares Outstanding
798.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PANTERRA RESOURCE CORP (PRC)

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panterra resource corp (PRC) Details

PanTerra Resource Corp., an oil and gas company, is engaged in the acquisition, exploration, and development of conventional and unconventional oil and gas properties in Western Canada. It owns two oil producing properties and two gas producing properties in Alberta, as well as a shale gas resource project in Saskatchewan. The company was formerly known as PanTerra Exploration Corp. and changed its name to PanTerra Resource Corp. in September 2004. PanTerra Resource Corp. was founded in 1979 and is headquartered in Calgary, Canada.

Founded in 1979

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panterra resource corp (PRC) Key Developments

PanTerra Resources Corp. Announces Earnings and Operational Results for the Second Quarter and First Half of 2014

PanTerra Resources Corp. announced earnings and operational results for the second quarter and first half of 2014. For the second quarter of 2014, the company recorded average production at 98 boe per day, which is an 11% increase from the comparative timeframes last year. Light oil production decreased 38% to 47 bbls per day, due to last year’s selling of 60% interest in Carrot Creek interests, which management needed to do in order to reduce bank indebtedness. The company completed a pipeline in the Tomahawk area in December 2013, which increased natural gas sales by 305% to 281 mcf per day. For the first six months of 2014, the company recorded average production at 87 boe per day, which is an 3% decrease from the comparative timeframes last year. Light oil production decreased 48% to 40 bbls per day for first-half 2014, due to last years selling of 60% interest in Carrot Creek interests, which management needed to do in order to reduce bank indebtedness. The company completed a pipeline in the Tomahawk area in December 2013, which increased natural gas sales by 305% to 253 mcf per day for the first half of 2014. For the quarter, the company reported loss of CAD 4.50 million or CAD 0.03 per share compared to CAD 1.71 million or CAD 0.06 per share a year ago. Cash outflow was CAD 1.72 million or CAD 0.01 per share compared to CAD 0.13 million a year ago. Revenue was CAD 0.52 million compared to CAD 0.58 million a year ago. Capital expenditures were CAD 0.44 million compared to CAD 0.10 million a year ago. For the six months, the company reported loss of CAD 6.72 million or CAD 0.08 per share compared to CAD 1.85 million or CAD 0.06 per share a year ago. Cash outflow was CAD 1.89 million or CAD 0.02 per share compared to CAD 0.13 million a year ago. Revenue was CAD 0.90 million compared to CAD 1.13 million a year ago. Capital expenditures were CAD 0.54 million compared to CAD 0.22 million a year ago.

PanTerra Resource Corp. Enters into Agreement to Acquire Additional Assets in the Alberta Foothills

PanTerra Resource Corp. announced that it has entered into an arm's length purchase and sale agreement dated August 19, 2014 with a public Canadian oil and gas company to acquire certain petroleum and natural gas assets located in several areas of the Western Canadian foothills, including the Brown Creek, Stolberg, Deanne, Burnt Timber, Moose, Jumping Pound, and Ricinus areas in Alberta, effective as of July 1, 2014, for a purchase price of $24.0 million in cash, subject to adjustments. The Acquisition is subject to standard industry closing conditions. The Acquisition provides the Corporation an entrance into the Central and Southern Alberta foothills areas and includes a strategic working interest in the production facilities at Stolberg and an ownership of the Ram River gas plant. The Assets provide a stable production base, an attractive decline rate of approximately 9-10% and a minority working interest in approximately 49,350 gross (5,922 net) acres of land. The Assets are currently producing approximately 1,280 BOE per day (89% natural gas) and have an estimated lending value of $17.0 million. The Corporation has, to date, identified 18 gross unrisked and unbooked locations on the Assets. The recognized upside on the undeveloped acreage provides the Corporation with substantial running room to develop and consolidate a number of potential new core areas, subject to further technical review. Targets identified to date consist of oil and liquids rich natural gas opportunities in the Cretaceous aged Cardium, Viking, Falher and Dalhousie zones.

Panterra Resource Corp. Proposes Amendment to its Articles of Association

Panterra Resource Corp. announced the annual and special meeting of shareholders to be held on Sept. 17, 2014. As part of that meeting, shareholders will be asked to approve a special resolution to amend the articles of the company to consolidate the issued and outstanding common shares on the basis of one post-consolidation common share for every 10 pre-consolidation common shares.

 

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Valuation PRC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 36.0x
Price/Book 5.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales 195.9x
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