Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers


February 07, 2016 7:40 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Laricina Energy Ltd.

Company Overview

Laricina Energy Ltd. engages in the exploration, development, and production of bitumen (oil sands) in Western Canada. The company develops in situ (underground) bitumen deposits in sand and carbonate formations; and a portfolio of oil sands assets. The company was founded in 2005 and is based in Calgary, Canada.

425 – 1st Street SW

5th Avenue Place

East Tower

Suite 800

Calgary, AB T2P 3L8

Canada

Founded in 2005

Phone:

403-750-0810

Fax:

403-263-0767

Key Executives for Laricina Energy Ltd.

Chief Executive Officer, President and Director
Age: 57
Vice President of Finance and Controller
Vice President of Corporate Development
Vce President of Production
Compensation as of Fiscal Year 2015.

Laricina Energy Ltd. Key Developments

Court of Queens Bench of Alberta Grants Final Court Order to Laricina Energy Ltd

Laricina Energy Ltd. was granted a final court order from the Court of Queens Bench of Alberta, exiting from protection under the Companies Creditors Arrangement Act, concluding the stay of proceeding against the company and its subsidiaries. The company has paid in full all accounts in respect of its Companies Creditors Arrangement Act proceedings and has set aside a reserve of $1.8 million to pay the remaining unpaid proven claims and outstanding disputed claim. Resolution of the disputed claim will continue on a timetable set by the parties or the court. Pursuant to the terms of the settlement agreement, as amended, entered into July 20, 2015 with CPPIB Credit Investments Inc. to settle the secured debt obligations owing to CPP Credit which was completed on November 30, 2015, the company entered into a board participation agreement pursuant to which, upon the company exiting from CCAA protection or at such time as the company and CPP Credit may agree, the company board of directors shall consist of five directors.

Laricina Energy Ltd. Announces Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Records Impairment Loss for the Third Quarter of 2015

Laricina Energy Ltd. announced consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported total revenues of CAD 3,475,000 compared with CAD 10,511,000 for the same period a year ago. Loss from operating activities was CAD 338,823,000 compared with CAD 27,812,000 for the same period a year ago. Loss before income tax was CAD 464,293,000 compared with CAD 32,728,000 for the same period a year ago. Total loss and comprehensive loss was CAD 464,293,000 or CAD 6.65 per basic and diluted share compared with CAD 25,236,000 or CAD 0.36 per basic and diluted share for the same period a year ago. For the nine months, the company reported total revenues of CAD 10,596,000 compared with CAD 27,505,000 for the same period a year ago. Loss from operating activities was CAD 378,351,000 compared with CAD 88,368,000 for the same period a year ago. Loss before income tax was CAD 517,438,000 compared with CAD 98,493,000 for the same period a year ago. Total loss and comprehensive loss was CAD 517,438,000 or CAD 7.42 per basic and diluted share compared with CAD 75,513,000 or CAD 1.10 per basic and diluted share for the same period a year ago. Net cash used in operating activities was CAD 49,344,000 compared with CAD 60,826,000 for the same period a year ago. Expenditure on property, plant and equipment and exploration and evaluation assets was CAD 3,444,000 compared with CAD 38,930,000 for the same period a year ago. For the quarter, the company recorded an impairment loss was CAD 330,396,000.

Laricina Energy Ltd. Announces Resignation of Jim Hand as Chief Operating Officer and Senior Vice President

Laricina Energy Ltd. announced that Jim Hand, Chief Operating Officer and Senior Vice President has resigned from the company effective November 12, 2015 to pursue other professional opportunities.

Similar Private Companies By Industry

Company Name Region
South Sumatra Energy Inc. Americas
Bio-Diesel Quebec Inc. Americas
Sawtooth International Resources Inc. Americas
Insignia Energy Ltd Americas
NOR Energy AS Americas

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Laricina Energy Ltd., please visit www.laricinaenergy.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.