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Last C$0.18 CAD
Change Today +0.005 / 2.86%
Volume 427.8K
CRS On Other Exchanges
Symbol
Exchange
Venture
OTC US
Frankfurt
As of 3:55 PM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

cardiff energy corp (CRS) Snapshot

Open
C$0.17
Previous Close
C$0.18
Day High
C$0.20
Day Low
C$0.17
52 Week High
09/17/14 - C$0.29
52 Week Low
07/15/14 - C$0.05
Market Cap
8.6M
Average Volume 10 Days
779.0K
EPS TTM
C$-0.02
Shares Outstanding
47.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CARDIFF ENERGY CORP (CRS)

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cardiff energy corp (CRS) Details

Cardiff Energy Corp. engages in the acquisition, exploration, development, and production of oil and gas reserves in the United States and Canada. The company holds interests in 15 producing oil wells, 1 producing gas well, and 3 shut-in oil wells in the Lincoln County area of central Oklahoma; and 7 producing oil and gas wells in the Garvin County area of southern Oklahoma. It also holds interest in the Buzzard Sand project located in the Osage County of the state of Oklahoma. Cardiff Energy Corp. was founded in 2010 and is headquartered in North Vancouver, Canada.

Founded in 2010

cardiff energy corp (CRS) Top Compensated Officers

Chief Executive Officer, Director, Member of ...
Total Annual Compensation: --
President, Chief Financial Officer, Director,...
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

cardiff energy corp (CRS) Key Developments

Cardiff Energy Corp. Announces Drilling Of The Clayton #1H Horizontal Well In Runnels County, Texas to Commence Within 24 hrs

Cardiff Energy Corp. announced the drill rig for the Clayton # 1H Horizontal Well in Runnels County, Texas has arrived. The location pits are complete and surface casing is set. The Company expects drilling to commence within 24 hours. The Clayton # 1H will target the Gardner Lime. The Gardner Lime is a fractured limestone which is approximately 15 feet thick and comparable geologically to another major field in Texas called the Austin Chalk. The Austin Chalk has had a number of successful horizontal wells, of which some of the more prolific wells have had initial production of 1,500 barrels of oil per day (BL/day). The Clayton # 1H will be drilled to a depth of approximately 4,100 feet with a horizontal leg of up to 3,500 feet. A frac is not required as the oil will flow through the limestone fractures. This will allow the Company to avoid the expensive frac process to release oil from the ground; with the potential for oil production being attained at a lower cost than average producers. The Clayton # 1H is a joint venture between the Company, (who will take 2/3) and Martin Energies, the Operator, (who will take 1/3). The Clayton # 1H will be drilled adjacent to the Bearcat #4.

CARDIFF ENERGY CORP. Announces Preparation to Drill the Horizontal Clayton # 1H Well in Runnels County, Texas Are Now Under Way

CARDIFF ENERGY CORP. announced that site preparations for drilling of the Clayton # 1H including pad construction and digging of pits are being completed to allow the rig to move in and commence drilling. With the site preparations underway the estimated drilling date of the Clayton # 1H is June 15, 2015. The Clayton # 1H will target the Gardner Lime. The Gardner Lime is a fractured limestone which is approximately 15 feet thick and comparable geologically to another major field in Texas called the Austin Chalk. The Austin Chalk has had a number of successful horizontal wells, of which some of the more prolific wells have had initial production of 1,500 barrels of oil per day (BL/day). The Clayton # 1H will be drilled to a depth of approximately 4,100 feet with a horizontal leg of up to 3,500 feet. A frac is not required as the oil will flow through the limestone fractures. This will allow the Company to avoid the expensive frac process to release oil from the ground; with the potential for oil production being attained at a lower cost than average producers.

Cardiff Energy Corp. Plans to Drill the Clayton #1H Horizontal Well in Runnels County, Texas

Cardiff Energy Corp. updated plans to drill the Clayton #1H horizontal well in Runnels, County Texas. With recent changes in the oil and gas industry, plans for the drilling of the Clayton #1H have been re-scheduled to commence May 31, 2015. Part of the benefit to Cardiff in the delay is that drilling costs continue to improve. The total well cost originally estimated to be $1,300,000 is being reduced and a final estimate is under negotiation. Martin Energies, the Operator of the joint venture will fund 1/3 of the cost of the Clayton #1H to earn a 25% working interest with Cardiff funding the balance of the well.

 

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Price/Sales 61.9x
Price/Book 12.0x
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