Oil, Gas and Consumable Fuels
Company Overview of Santonia Energy Inc.
Santonia Energy Inc., a resource-based company, explores for, develops, and produces natural gas, natural gas liquids, and crude oil in Western Canada. It primarily has interests in the Columbia/Harlech property that has 202 net sections of land located in the outer foothills trend of west central Alberta. The company was formerly known as Fairborne Energy Ltd. and changed its name to Santonia Energy Inc. in January 2013. Santonia Energy Inc. was founded in 1984 and is headquartered in Calgary, Canada. As of April 24, 2014, Santonia Energy Inc. operates as a subsidiary of Tourmaline Oil Corp.
450 - 1st Street SW
Calgary, AB T2P 5H1
Founded in 1984
Key Executives for Santonia Energy Inc.
Vice President of Production
Vice President of Engineering
Compensation as of Fiscal Year 2014.
Santonia Energy Inc. Key Developments
Santonia Energy Inc. Reports Consolidated Earnings and Production Results for the Fourth Quarter and Year Ended December 31, 2013
Mar 12 14
Santonia Energy Inc. reported consolidated earnings and production results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported funds generated from operations of USD 3.0 million,(USD 2.8 million after deducting interest expense) resulting in an operating netback of USD 13.94 per BOE. Net capital expenditures were USD 4.4 million which focused on the completion and tie in of two (1.3 net) wells on the company's Harlech core property.
For the year, the company reported petroleum and natural gas revenue of USD 54,958,000 compared with USD 110,530,000 for the same period last year. Funds generated from operations were USD 19,694,000 or USD 0.19 basic and diluted per share compared with USD 45,442,000 or USD 0.44 basic and diluted per share for the same period last year. Loss was USD 25,790,000 or USD 0.25 basic and diluted per share compared with USD 185,116,000 or USD 1.80 basic and diluted per share for the same period last year. Exploration and development expenditures were USD 45,320,000 compared with USD 63,843,000 for the same period last year. Net debt was USD 25.2 million was outstanding at December 31, 2013 on an available credit facility of USD 80 million compared to USD 17.0 million a year ago.
For the quarter, the company reported average production of 3,948 BOE per day, (17% Oil and NGL's).
For the year, the company reported average production of 4,293 BOE per day against 11,880 BOE per day a year ago, reflected property dispositions completed over the past two years offset by incremental production from new wells on the Company's core Harlech property.
Santonia Energy Inc., Special/Extraordinary Shareholders Meeting, Apr 23, 2014
Mar 6 14
Santonia Energy Inc., Special/Extraordinary Shareholders Meeting, Apr 23, 2014., at 09:00 US Mountain Standard Time. Location: Viking Room at the Calgary Petroleum Club, 319 5th Avenue SW. Agenda: To consider pursuant to the Interim Order and, if thought advisable, to pass, with or without variation, a special resolution to approve a plan of arrangement involving Santonia, Tourmaline Oil Corp. and the Santonia Shareholders under Section 193 of the Business Corporations Act (Alberta); and to transact such further and other business as may properly be brought before the Meeting or any adjournment thereof.
Santonia Energy Inc., Annual General Meeting, May 28, 2014
Feb 15 14
Santonia Energy Inc., Annual General Meeting, May 28, 2014., at 15:00 US Mountain Standard Time. Location: The Metropolitan Conference Centre.
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