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Last C$0.05 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 3:27 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

anderson energy inc (AXL) Snapshot

Open
C$0.05
Previous Close
C$0.05
Day High
C$0.06
Day Low
C$0.05
52 Week High
08/6/14 - C$0.35
52 Week Low
07/27/15 - C$0.05
Market Cap
8.6M
Average Volume 10 Days
249.4K
EPS TTM
C$-0.12
Shares Outstanding
172.5M
EX-Date
--
P/E TM
--
Dividend
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Dividend Yield
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Current Stock Chart for ANDERSON ENERGY INC (AXL)

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anderson energy inc (AXL) Details

Anderson Energy Inc., acquires, develops, and produces conventional oil and natural gas properties in western Canada. It primarily focuses on the Cardium horizontal oil wells. The company’s principal property is the Greater Willesden Green area located in Calgary, Alberta. As of December 31, 2014, its proved plus probable reserves were 9,210 MMBOE. The company was founded in 2002 and is headquartered in Calgary, Canada. As of January 23, 2015, Anderson Energy Ltd operates as a subsidiary of Freehold Royalties Ltd.

26 Employees
Last Reported Date: 03/31/15
Founded in 2002

anderson energy inc (AXL) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$346.3K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$279.8K
Chief Operating Officer
Total Annual Compensation: C$279.8K
Vice President of Drilling and Completions
Total Annual Compensation: C$250.1K
Vice President of Land
Total Annual Compensation: C$238.8K
Compensation as of Fiscal Year 2014.

anderson energy inc (AXL) Key Developments

Anderson Energy Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Production Results for the First Quarter of 2015; Provides Production Guidance for the First Half of 2015

Anderson Energy Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue, net of royalties of CAD 6,253,000 against CAD 13,195,000 for the same period a year ago. Funds from operations were CAD 275,000 or CAD 0.00 per basic and diluted share against CAD 5,538,000 or CAD 0.03 per share basic and diluted a year ago. Adjusted earnings before taxes were CAD 24,300,000 or CAD 0.14 per basic and diluted share compared to CAD 544,000 or CAD 0.00 per basic and diluted share a year ago. Earnings were CAD 23,923,000 or CAD 0.14 per basic and diluted share against CAD 544,000 or CAD 0.00 per basic and diluted share a year ago. Capital expenditures were CAD 28,158,000. Earnings from operating activities for the first quarter ended March 31, 2015 were CAD 26.53 million, compared to CAD 3.12 million for the same quarter ended March 31, 2014. Oil and gas sales for the first quarter ended March 31, 2015 were CAD 6.99 million, compared to CAD 14.52 million for the same quarter ended March 31, 2014. The company reported production results for the first quarter of 2015. Production in the first quarter of 2015 was 2,704 BOED (46% oil, condensate and NGL), compared to 3,396 BOED (35% oil, condensate and NGL) for the fourth quarter of 2014. Production was affected by the sale of approximately 500 BOED of non-core, predominantly shallow gas production as part of a corporate reorganization completed on January 23, 2015. Production was also affected by the shut-in of approximately 320 BOED of Cardium production as a result of the TransCanada Pipelines Ltd. outages. Cardium production was 2,006 BOED (58% oil, condensate and NGL) in the first quarter of 2015. The company is currently marketing the remainder of its shallow gas assets for disposition in the second quarter of 2015. The company estimates production will be 2,200 to 2,400 BOED (46% oil, condensate and NGL) in the first half of 2015, net of the impact of approximately 500 BOED of production sold on January 23, 2015. As the TCPL outages in the first quarter of 2015 were less than originally estimated, the production estimate for the first half of the year is now expected to be at the higher end of this range, assuming TCPL outages of approximately 370 BOED in the second quarter. Field capital spending is estimated to be CAD 7 million for the first half of 2015, most of which occurred in the first quarter of the year. The company has shut in or is proceeding to abandon 172 BOED of shallow gas production in the first half of the year. The capital budget will be revisited in the second half of the year and the company will be in a better position to provide full year production and capital guidance at that time.

Anderson Energy Inc., Annual General Meeting, Jun 25, 2015

Anderson Energy Inc., Annual General Meeting, Jun 25, 2015., at 10:00 Mountain Daylight. Location: Westwinds Conference Room, 2nd Floor Selkirk House. Agenda: To receive the audited financial statements of the corporation for the year ended December 31, 2014 and the report of the auditors thereon; to elect directors of the corporation for the ensuing year; to appoint auditors for the ensuing year at a remuneration to be determined by the board of directors; to consider the unallocated options to purchase common shares of the corporation under the stock option plan of the corporation; and to transact such other business as may properly come before the meeting or any adjournment thereof.

Anderson Energy Inc. Reports Audited Consolidated Earnings and Operating Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Production Guidance for the First Half of 2015

Anderson Energy Inc. reported audited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenue, net of royalties of CAD 10,513,000 against CAD 7,288,000 for the same period a year ago. Funds from operations were CAD 5,884,000 or CAD 0.03 per basic and diluted share against negative funds from operations of CAD 306,000 a year ago. Adjusted loss before taxes was CAD 4,136,000 or CAD 0.02 per basic and diluted share compared to CAD 2,745,000 or CAD 0.02 per basic and diluted share a year ago. Loss was CAD 53,118,000 or CAD 0.31 per basic and diluted share against CAD 2,445,000 or CAD 0.01 per basic and diluted share a year ago. Capital expenditures were CAD 22,878,000 against net proceeds on dispositions of CAD 71,972,000 a year ago. Fourth quarter funds from operations were negatively impacted by reductions in commodity prices. For the year, the company reported revenue, net of royalties of CAD 46,396,000 against CAD 48,850,000 for the same period a year ago. Funds from operations were CAD 19,195,000 or CAD 0.11 per basic and diluted per share against CAD 11,289,000 or CAD 0.07 per basic and diluted share for the same period a year ago. Adjusted loss before taxes was CAD 7,538,000 or CAD 0.04 per basic and diluted share compared to CAD 17,386,000 or CAD 0.10 per basic and diluted share a year ago. Loss was CAD 56,520,000 or CAD 0.33 per basic and diluted share against CAD 105,601,000 or CAD 0.61 per basic and diluted share a year ago. Capital expenditures were CAD 52,087,000 against net proceeds on dispositions of CAD 63,895,000 a year ago. Net asset value per fully diluted share as at December 31, 2014 was CAD 0.05. For the fourth quarter, production was 3,396 BOED (35% oil, condensate and NGL), up 39% from the fourth quarter of 2013. Cardium production represented 2,260 BOED (48% oil, condensate and NGL) of fourth quarter production. For the year, annual production was 3,141 BOED (33% oil, condensate and NGL). The company's exit rate was 3,400 BOED (41% oil, condensate and NGL). TransCanada Pipelines Ltd. outages had a negative impact of approximately 82 BOED on the company's fourth quarter production and such outages continue to negatively impact the company's first quarter production in 2015, with an estimated average of approximately 430 BOED of production shut-in. The Company estimates production will be 2,200 to 2,400 BOED (46% oil, condensate and NGL) in the first half of 2015, net of estimated TCPL outages of 400 BOED and the impact of approximately 500 BOED of production sold on January 23, 2015.

 

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