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July 04, 2015 3:35 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Hyperion Exploration Corp.

Company Overview

Hyperion Exploration Corp. is engaged in the exploration, acquisition, development, and production of oil and natural gas reserves primarily in the province of Alberta, Canada. It holds interests in the Garrington, Pembina, Niton/McLeod, Chip Lake, Buck Lake, and Groat properties located in west central Alberta. The company was formerly known as Triple 8 Energy Ltd. and changed its name to Hyperion Exploration Corp. in November 2010. Hyperion Exploration Corp. was incorporated in 1995 and is headquartered in Calgary, Canada. As of January 9, 2015, Hyperion Exploration Corp. operates as a subsidiary of Tri-Win International Investment Group Inc.

355 – 4th Avenue SW

Suite 2010

Calgary, AB T2P 0J1

Canada

Founded in 1995

10 Employees

Key Executives for Hyperion Exploration Corp.

Chief Executive Officer, President and Director
Age: 46
Chief Financial Officer
Chief Operating Officer
Corporate Secretary
Age: 39
Corporate Controller
Compensation as of Fiscal Year 2015.

Hyperion Exploration Corp. Key Developments

Hyperion Exploration Corp., Special/Extraordinary Shareholders Meeting, Jan 06, 2015

Hyperion Exploration Corp., Special/Extraordinary Shareholders Meeting, Jan 06, 2015., at 09:00 US Mountain Standard Time. Location: at the offices of McCarthy Tétrault LLP. Agenda: To approve an arrangement, and all transactions contemplated thereby (the "Arrangement"), under Section 193 of the Business Corporations Act (Alberta) involving Hyperion, Tri-Win International Investment Group Inc. and the Hyperion Shareholders, all as more particularly described in the Information Circular; and to transact such other business, including amendments to the foregoing, as may properly be brought before the Meeting or any adjournment or postponement thereof.

Hyperion Exploration Corp. Announces Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2014

Hyperion Exploration Corp. announced earnings and production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported loss of $39.63 million. Loss per share was $0.73 compared to profit per share of $0.10 a year ago. Cash flow was $1.15 million or $0.02 per share compared to $2.23 million or $0.04 per share a year ago. Revenue was $3.56 million compared to $5.60 million a year ago. Capital expenditures were $0.05 million compared to $2.72 million a year ago. For the nine months, the company reported loss of $39.75 million compared to $13.78 million a year ago. Loss per share was $0.73 compared to $0.25 a year ago. Cash flow was $4.75 million or $0.09 per share compared to $8.51 million or $0.16 per share a year ago. Revenue was $12.64 million compared to $18.64 million a year ago. Capital expenditures were $0.21 million compared to $7.80 million a year ago. As at Sept. 30, 2014, net debt was $23.35 million. For the quarter, the company reported oil and NGL’s natural gas production of 379 BBL per day, 1.77 MMCF per day, 674 BOE per day compared to 612 BBL per day, 2.87 MMCF per day, 1,091 BOE per day. Oil and gas sales was 36% lower than sales reported in the comparable periods last year due primarily to lower volumes resulting from the sale of the Chip Lake property and to natural declines. For the nine months, the company reported oil and NGL’s natural gas production of 418 BBL per day, 1.96 MMCF per day, 745 BOE per day compared to 710 BBL per day, 3.16 MMCF per day, 1,236 BOE per day. Oil and gas sales were 32% lower than sales reported in the comparable periods last year due primarily to lower volumes resulting from the sale of the Chip Lake property and to natural declines.

Hyperion Exploration Corp. Reports Unaudited Consolidated Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2014

Hyperion Exploration Corp. reported unaudited consolidated earnings and production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net loss of $39,626,000 or $0.73 basic & FD loss per share on total oil, NGL, & natural gas of $3,647,000 against net earnings of $103,000 on total oil, NGL, & natural gas of $5,835,000 for the same period a year ago. Funds inflow from operations was $1,153,000 or $0.02 per share against $2,232,000 or $0.04 per share for the same period a year ago. Capital expenditures was $51,000 against $2,724,000 for the same period a year ago. For the nine months, the company reported net loss of $39,750,000 or $0.73 basic & FD loss per share on total oil, NGL, & natural gas of $12,771,000 against net loss of $13,782,000 or $0.25 basic & FD loss per share on total oil, NGL, & natural gas of $18,809,000 for the same period a year ago. Funds inflow from operations was $4,749,000 or $0.09 per share against $8,512,000 or $0.16 per share for the same period a year ago. Capital expenditures was $2,874,000 against $7,795,000 for the same period a year ago. Net debt as of September 30, 2014 was $24,353,000. For the quarter, the company reported total oil, NGL, & natural gas was 674,000 against 1,091,000 for the same period a year ago. For the quarter, the company reported total oil, NGL, & natural gas was 745,000 against 1,236,000 for the same period a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 20, 2014
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