Last $0.08 USD
Change Today -0.015 / -15.79%
Volume 24.0K
COGLF On Other Exchanges
Symbol
Exchange
OTC US
As of 11:07 AM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

chelsea oil and gas ltd (COGLF) Snapshot

Open
$0.08
Previous Close
$0.10
Day High
$0.08
Day Low
$0.08
52 Week High
03/3/14 - $0.29
52 Week Low
02/9/15 - $0.04
Market Cap
4.0M
Average Volume 10 Days
11.4K
EPS TTM
$-0.01
Shares Outstanding
50.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CHELSEA OIL AND GAS LTD (COGLF)

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chelsea oil and gas ltd (COGLF) Details

Chelsea Oil and Gas Ltd. is engaged in the exploration, development, and production of oil and gas properties. It has working interests in approximately 5.2 million net acres of land in the Surat-Bowen, Georgina, Simpson, and Cooper basins in onshore Australia, as well as holds overriding royalty interests in approximately 68,000 net acres in various onshore and offshore basins in Australia. The company was formerly known as Australian-Canadian Oil Royalties Ltd. and changed its name to Chelsea Oil and Gas Ltd. in October 2013. Chelsea Oil and Gas Ltd. was founded in 1997 and is headquartered in Calgary, Canada.

5 Employees
Last Reported Date: 05/1/14
Founded in 1997

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chelsea oil and gas ltd (COGLF) Key Developments

Chelsea Oil and Gas Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Chelsea Oil and Gas Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported royalty income of $156,841 compared to $10,798 a year ago. Net loss before tax was $87,744 compared to $198,617 a year ago. Net loss was $87,855 compared to $199,845 a year ago. Net exploration and evaluation expenditure was $61,477. Operating cash flow before working capital was $117,333 compared to operating cash outflow before working capital of $603 a year ago. For the nine months, the company reported royalty income of $156,841 compared to $10,798 a year ago. Net loss before tax was $87,744 compared to $198,617 a year ago. Net loss was $179,226 compared to $414,747 a year ago. Net exploration and evaluation expenditure was $87,636. Operating cash flow before working capital was $224,244 compared to $3,254 a year ago.

Chelsea Oil and Gas Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Chelsea Oil and Gas Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, total revenues were $81,314 against $8,910 a year ago. Net loss before tax was $30,962 against $28,676 a year ago. Net loss was $34,019 or $0.00 per basic and diluted share against $29,512 or $0.00 per basic and diluted share a year ago. Cash flow from operating activities $15,664 against negative cash flow from operating activities of $7,401 a year ago. Net exploration and evaluation expenditure was $27,124. For the six months, total revenues were $147,050 against $27,212 a year ago. Net loss before tax was $79,639 against $213,211 a year ago. Net loss was $91,370 or $0.01 per basic and diluted share against $214,902 or $0.01 per basic and diluted share a year ago. Cash flow from operating activities $41,543 against $19,322 a year ago. Net exploration and evaluation expenditure was $27,124.

Chelsea Oil & Gas Ltd. Provides Update on South Georgina Basin Drilling Activity

Chelsea Oil & Gas Ltd. provided the following update on industry drilling activity adjacent to the Company's ATP 582 in the South Georgina Basin in Queensland and the Northern Territory, Australia. In Queensland, Central Petroleum Limited and Total S. A recently announced the spudding of Whiteley-1, the first of a multi well unconventional gas exploration drilling program operated by Central, in partnership with international energy company Total. Whiteley-1 is approximately 3-5 kilometers from the eastern boundary of ATP 582 and will be a test of the thicker Lower Arthur Creek sequence within the Toko Syncline, considered by Chelsea to be the most hydrocarbon-prospective area of the South Georgina Basin. The zone is planned to be extensively logged to evaluate its hydrocarbon potential, as well as fully cored to assess reservoir properties and gas desorption. A second well to follow Whiteley-1 was also announced, being Gaudi-1, anticipated to spud mid-September and also testing the thicker Lower Arthur Creek sequence within the Toko Syncline. Central is expected to announce completion and stimulation plans in due course following completion of the drilling and coring program. Given the proximity of these wells, results from operations should provide an excellent indication of the potential of Chelsea's approximately one million acres of prospective Lower Arthur Creek strata, also within the Toko Syncline area. In addition to the commencement of operations by Central /Total, PetroFrontier Corp. recently announced the completion by Statoil ASA of the drilling of their optional fifth and final vertical test well to be drilled as part of their 2014 work plan on their permits immediately adjacent to ATP 582 in the Northern Territory. PetroFrontier further announced that the OzAlpha-1 and OzBeta-1 wells have been selected for completion and testing as they are reported to provide the best opportunities encountered in their five wells. These two wells, while in the Northern Territory, are the closest (approximately 50 to 60 kilometers) to ATP 582 of the five wells drilled, and are closest to the Toko Syncline wherein the prospective horizon greatly thickens and is thought by Chelsea to be the most prospective part of the South Georgina Basin.

 

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Price/Sales 16.7x
Price/Book 0.7x
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TEV/Sales 6.3x
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