Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $0.08 USD
Change Today 0.00 / 0.00%
Volume 0.0
DBRM On Other Exchanges
Symbol
Exchange
OTC US
Berlin
As of 8:10 PM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

daybreak oil & gas inc (DBRM) Snapshot

Open
$0.07
Previous Close
$0.08
Day High
$0.08
Day Low
$0.07
52 Week High
04/16/14 - $0.40
52 Week Low
01/8/15 - $0.05
Market Cap
4.1M
Average Volume 10 Days
5.4K
EPS TTM
$-0.01
Shares Outstanding
51.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for DAYBREAK OIL & GAS INC (DBRM)

Related News

No related news articles were found.

daybreak oil & gas inc (DBRM) Related Businessweek News

No Related Businessweek News Found

daybreak oil & gas inc (DBRM) Details

Daybreak Oil and Gas, Inc. operates as an independent oil and natural gas exploration, development, and production company in the United States. The company holds interest in the East Slopes project located in the southeastern part of the San Joaquin Basin near Bakersfield, California; and the Twin Bottoms Field covering approximately 6,400 acres of land located in Appalachian basin of Eastern Kentucky. As of February 28, 2014, it had estimated proved reserves of 750,178 barrels of oil equivalent. The company was formerly known as Daybreak Mines, Inc. and changed its name to Daybreak Oil and Gas, Inc. in October 2005. Daybreak Oil and Gas, Inc. was founded in 1955 and is based in Spokane, Washington.

6 Employees
Last Reported Date: 01/9/15
Founded in 1955

daybreak oil & gas inc (DBRM) Top Compensated Officers

Chairman of The Board, Chief Executive Office...
Total Annual Compensation: $150.0K
Chief Operating Officer
Total Annual Compensation: $89.4K
Compensation as of Fiscal Year 2014.

daybreak oil & gas inc (DBRM) Key Developments

Daybreak Oil and Gas, Inc. Reports Production and Earnings Results for the Second Quarter Ended August 31, 2014; Plans to Drill Additional Development Wells

Daybreak Oil and Gas, Inc. reported production and earnings results for the second quarter ended August 31, 2014. For the second quarter ended August 31, 2014, the company reported net income of $81,052. Revenue was $1,044,296 compared to $810,429 for the quarter ended May 31, 2014. The Jackson H-20 ("H-20") oil well was recently drilled to a measured depth of 3,978 feet. Logs and other measurement data indicate that the horizontal section of the wellbore encountered 2,585 feet of oil-bearing sandstone. The Dwight Dillon H-22 ("H-22") oil well has also recently been drilled to a measured depth of 4,646 feet. Logs and other measurement data indicate that the horizontal section of the wellbore encountered 3,054 feet of oil-bearing sandstone. The Raymond Lyons H-23 ("H-23") and Raymond Lyons H-24 ("H-24") oil wells which were previously reported on, have now been successfully hydraulically fractured. A completion rig is now at that location completing these wells, and they are expected to be put on production by the end of October 2014. Construction of the central production facility which will service the H-20, H-22, H-23, and H-24 oil wells, as well as future wells in the area has started. The Dwight Dillon H-22 and the Jackson H-20 wells are expected to be put on production by the middle of November 2014. In Kentucky, the company had net production for the quarter ended August 31, 2014 of 7,202 barrels of oil equivalent ("BOE"), compared to 4,179 BOE for the quarter ended May 31, 2014. There are currently nine wells on production and four wells awaiting completion and production facilities. In California, the company had net production for the quarter ended August 31, 2014 of 4,066 BOE from the company's existing 20 oil wells compared to 4,463 BOE for the quarter ended May 31, 2014. Total production was 11,268 barrels of oil equivalent, compared to 8,642 barrels of oil equivalent for the quarter ended May 31, 2014. The drilling rig has been released; however, two more wells are planned to be drilled before the end of the calendar year. The H-22 and the H-20 oil wells are scheduled to be hydraulically fractured on or around October 14th and 21st, respectively. The company is planning to drill additional development wells in at least four of its producing pools on the Black, Bear, Dyer Creek and Ball properties and two wells to explore for new reserves in the southern portion of acreage position.

Daybreak Oil and Gas, Inc. Announces Drilling Update at Twin Bottoms Field in Lawrence County, Kentucky

Daybreak Oil and Gas, Inc. announced the successful drilling of its tenth and eleventh horizontal oil wells at the Twin Bottoms Field in Lawrence County, Kentucky. The Raymond Lyons H-23 oil well was drilled to a measured depth of 4,676 feet. Logs and other measurement data indicate that the horizontal section of the wellbore encountered 3,338 feet of oil-bearing sandstone. The Raymond Lyons H-24 oil well was drilled to a measured depth of 4,933 feet. Logs and other measurement data indicate that the horizontal section of the wellbore encountered 3,547 feet of oil-bearing sandstone. The H-23 and the H -24 oil wells are scheduled to be hydraulically fractured on or about September 22 and 29, 2014 respectively. A central production facility will be built on the joint H-23 and H-24 location to service these and future wells. Due to the rough terrain, the facility construction cannot begin until these two wells are hydraulically fractured and completed. Initial production from the H-23 and H-24 oil wells is expected to occur near the end of October 2014. Once production is established, the Company will provide an update, however; stabilized production rates will not be provided until, at least, 45 days after first production. The drilling rig will now be moved to the Hershel Cordell H-20 location.

Daybreak Oil and Gas, Inc. Enters into First Amendment to Amended and Restated Loan Repurchase Agreement with Maximilian Resources LLC

On August 21, 2014, Daybreak Oil and Gas, Inc. entered into a first amendment to amended and restated loan repurchase agreement with Maximilian Resources LLC under its amended and restated loan and security agreement dated as of August 28, 2013. Pursuant to the amendment, the lender agreed to make a loan to the company under the loan agreement in the amount of $2,200,000 (the additional advance). The lender also agreed to temporarily decrease the monthly payment made by the company pursuant to the loan agreement to 3% of the outstanding principal balance of the loan until the savings to the company from the decrease in monthly payments total $1,000,000. The additional advance, combined with the $1,000,000 in monthly payment decreases, will be used by the company to drill up to four additional wells on its twin bottom fields acreage in Kentucky and to loan funds to its Kentucky drilling partner, App Energy, LLC, for its portion of the anticipated four additional wells. Furthermore, the lender agreed to amend the loan agreement to decrease the interest rate applicable to the loans under the loan agreement from 12% per annum to 9% per annum, with the monthly commitment fee of 0.5% per month of the outstanding principal balance of the loans remaining unchanged. The lender also agreed to decrease the default interest rate by 3%. The amendment also amended the loan agreement to reflect the prior termination of the deposit account control agreements by agreement of the parties. Advances made by lender under the amended and restated loan and security agreement dated as of August 28, 2013 (the loan agreement) had already exceeded the lender's minimum commitment.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
DBRM:US $0.08 USD 0.00

DBRM Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for DBRM.
View Industry Companies
 

Industry Analysis

DBRM

Industry Average

Valuation DBRM Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.3x
Price/Book NM Not Meaningful
Price/Cash Flow 32.8x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact DAYBREAK OIL & GAS INC, please visit www.daybreakoilandgas.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.