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Last $0.04 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

eflo energy inc (EFLO) Snapshot

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52 Week High
06/9/14 - $1.35
52 Week Low
04/9/15 - $0.04
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eflo energy inc (EFLO) Details

EFLO Energy, Inc., an exploration stage company, engages in the acquisition, exploration, and development of oil and gas properties in the United States and Canada. It primarily holds interest in the Kotaneelee gas project that covers 30,188 gross acres in the Yukon Territory in Canada. The company was formerly known as EFL Overseas, Inc. and changed its name to EFLO Energy, Inc. in April 2013. EFLO Energy, Inc. was founded in 2008 and is based in Houston, Texas.

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eflo energy inc (EFLO) Key Developments

EFLO Energy Announces Loan Agreement with Fundacion Inversiones Barroco

EFLO Energy, Inc. announced it has entered into a Loan Agreement with Fundacion Inversiones Barroco, a Panamanian corporation, whereby the Company borrowed CAD 600,000 from FIB. The Loan bears interest at a rate of 10% per annum, is unsecured and due on or before February 1, 2016.

EFLO Energy, Inc. Announces Changes in Executive Team, Effective January 15, 2015

EFLO Energy, Inc. announced that effective January 15, 2015, Keith Macdonald will resign as the company’s Chief Executive Officer, Secretary and Director, and Al Conrad Kerr Jr. will be appointed as its Chief Executive Officer and Director. Effective January 15, 2015, Robert Wesolek will also resign as the company’s Chief Financial and Accounting Officer and Director and Matthew Anderson will be appointed as the company’s Chief Financial and Accounting Officer and Secretary. Nico Civelli will also be appointed as a member of the company’s Board of Directors on January 15, 2015. These resignations and appointments were made pursuant to the Settlement Agreement in an effort to reduce costs, decrease liabilities and support the company’s future operations. Mr. Al Conrad Kerr Jr. is a senior energy professional with over thirty years of diversified experience in the natural gas, LNG, power generation, exploration and production industries in Africa, Asia, the Middle East and North America. His experience includes international business development, project execution and marketing as well as strategic planning. Since October 2014 Mr. Kerr has been the principle of Northern Ocean Star LLC. Mr. Kerr has served as the Vice President of Pacific LNG Operations Ltd. in Singapore. From June 2009 through January 2011, Mr. Kerr was a Principal of Caribbean LNG (Jamaica) Limited. Previously, Mr. Kerr was a Managing Director – Head of Global LNG at Merrill Lynch Commodities Inc. Mr. Nico Civelli is an independent financial advisor who has provided financial consultancy services through his wholly-owned company Niconsult GmbH since 2005. In this capacity, Mr. Civelli works closely with several leading European and North American private asset management companies and funds, which specialize in the natural resources sector. Mr. Matthew Anderson is a Senior Consultant with Malaspina Consultants Inc. He serves or has served as CFO of I-Minerals Inc. as well as several other junior public companies including Terra Nova Energy Ltd., Wolfpack Gold Corp., Search Minerals Inc., Dynamic Oil & Gas Exploration Inc., Tigris Uranium Corp. and Explorator Resources Inc.

EFLO Energy, Inc. Announces Resignation of James Hutton from the Board of Directors

On December 7, 2014, James Hutton resigned from the Board of Directors of EFLO Energy, Inc. for personal reasons. Mr. Hutton had no disagreements with the company relating to matters of operations, policies or practices.


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