August 27, 2016 4:08 AM ET

Commercial Services and Supplies

Company Overview of Ceiba Energy Services Inc.

Company Overview

Ceiba Energy Services Inc. provides specialized environmental services primarily to the companies involved in the exploration, extraction, and production of oil and natural gas in western Canada. The company owns and operates custom treating, water disposal, and waste fluid disposal and terminalling facilities in Alberta. It offers crude oil emulsion treatment, produced water and waste fluid disposal, and crude oil terminalling and marketing services. The company was formerly known as Cancen Oil Canada Inc. and changed its name to Ceiba Energy Services Inc. in July 2013. Ceiba Energy Services Inc. was incorporated in 2010 and is headquartered in Calgary, Canada.

521–3rd Avenue SW

Suite 910

Calgary, AB T2P 3T3

Canada

Founded in 2010

27 Employees

Phone:

403-262-2783

Fax:

403-263-0603

Key Executives for Ceiba Energy Services Inc.

President and Director
Total Annual Compensation: C$236.1K
Chief Financial Officer and Corporate Secretary
Total Annual Compensation: C$184.1K
Chief Operating Officer and Director
Total Annual Compensation: C$236.1K
Senior Vice President of Sales & Business Development
Total Annual Compensation: C$200.4K
Compensation as of Fiscal Year 2015.

Ceiba Energy Services Inc. Key Developments

Ceiba Energy Services Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Ceiba Energy Services Inc. reported earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company’s revenue was CAD 2,442,000 against CAD 2,058,000 a year ago. EBITDA was CAD 241,000 against CAD 27,000 a year ago. Adjusted EBITDA was CAD 871,000 against CAD 517,000 a year ago. Total loss and comprehensive loss for the period was CAD 494,000 against CAD 561,000 a year ago. Loss before income tax of CAD 494,000 in Second Quarter 2016 compared to a loss before income tax of CAD 561,000 in Second Quarter 2015, an improvement of CAD 67,000. Capital spending was CAD 1.55 million compared to CAD 577,000 for the same periods last year. For the six months, the company’s revenue was CAD 4,040,000 against CAD 3,671,000 a year ago. EBITDA was CAD 13,000 against LBITDA of CAD 244,000 a year ago. Adjusted EBITDA was CAD 906,000 against CAD 548,000 a year ago. Total loss and comprehensive loss for the period was CAD 1,302,000 against CAD 1,446,000 a year ago. Capital spending was CAD 3.43 million compared to CAD 1.32 million for the same period last year.

Ceiba Energy Seeks Acqusitions

Ceiba Energy Services Inc. (TSXV:CEB) continues to pursue the acquisition of suitable locations for new facilities in under-serviced or constrained markets, which includes assessing and evaluating acquisition opportunities that are both complimentary to the existing asset base and accretive to the long-term business plan.

Ceiba Energy Services Inc. Reports Operating Results for the Second Quarter of 2016

Ceiba Energy Services Inc. reported operating results for the second quarter of 2016. For the quarter, the company received 100,000 m3 of fluid, a 39% volume increase compared to the first quarter of 2016, excluding Kinsella terminalling volumes. Volumes received in second quarter of 2016 increased 28% compared to the same quarter in 2015, excluding Kinsella, primarily as a result of the construction of three new facilities. The Athabasca facility, which opened as scheduled in the first quarter of the year, contributed to over 20% of the Company's disposal volumes in second quarter.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
June 6, 2016
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