Last C$0.12 CAD
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As of 12:59 PM 07/21/14 All times are local (Market data is delayed by at least 15 minutes).

3mv energy inc (TMV) Snapshot

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10/10/13 - C$0.20
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12/18/13 - C$0.04
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3mv energy inc (TMV) Details

3MV Energy Corp. is engaged in the acquisition, exploration, development, and production of petroleum and natural gas reserves primarily in Saskatchewan, Western Canada. It has working interest in approximately 31,000 acres of land in the Fiske play of west central Saskatchewan. The company is based in Calgary, Canada.

3mv energy inc (TMV) Top Compensated Officers

Interim Chief Executive Officer, President, D...
Total Annual Compensation: --
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$136.0K
Compensation as of Fiscal Year 2013.

3mv energy inc (TMV) Key Developments

3MV Energy Seeks Acquisitions

3MV Energy Corp. (TSXV:TMV) seeks acquisitions. 3MV has agreed to sell a land package with corresponding production, related inventory and equipment within the property for $4.35 million. 3MV will use the proceeds to reduce corporate liabilities as well as provide additional funds for future acquisitions.

3MV Energy Corp. Announces $2 Million Draw Down Debt Facility

3MV Energy Corp. announced that it has obtained a $2,000,000 secured draw down facility term loan from Audax Investments Ltd. The Debt Facility is repayable June 1, 2016, bears interest at 8% per annum, calculated and payable quarterly on March 31, June 30, September 30 and December 31 in each year through the issuance of shares of 3MV at the volume weighted average market price of the shares of 3MV on the five trading days preceding payment date commencing June 30, 2014.

3MV Energy Corp. Announces Unaudited Earnings and Production Results for the First Quarter Ended March 31, 2014

3MV Energy Corp. announced unaudited earnings and production results for the first quarter ended March 31, 2014. For the quarter, the company has reported that petroleum & natural gas revenues, before royalties was $589,000 compared to $536,000 a year ago. Funds used in operations were $15,000 compared to $230,000 a year ago. Net loss was $80,000 compared to $1,179,000 a year ago. For the quarter, the company reported that average daily production of crude oil was 66.5 bbl/d compared to 70.1 bbl/d a year ago. Average daily production of natural gas was 61.2 Mcf/d compared to 91.4 Mcf/d a year ago. Total average daily production was 76.7 boe/d compared to 85.4 boe/d a year ago. Operating netback was $33.05 against $23.72 a year ago.


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