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Last C$0.50 CAD
Change Today 0.00 / 0.00%
Volume 0.0
FEN On Other Exchanges
Symbol
Exchange
Venture
OTC US
As of 9:50 AM 07/24/15 All times are local (Market data is delayed by at least 15 minutes).

forent energy ltd (FEN) Snapshot

Open
C$0.50
Previous Close
C$0.50
Day High
C$0.50
Day Low
C$0.50
52 Week High
08/11/14 - C$1.80
52 Week Low
07/7/15 - C$0.28
Market Cap
7.5M
Average Volume 10 Days
5.3K
EPS TTM
--
Shares Outstanding
14.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FORENT ENERGY LTD (FEN)

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forent energy ltd (FEN) Details

Forent Energy Ltd. is engaged in the acquisition, exploration, development, and production crude oil and natural gas in Canada. It principally holds interests in the Twining oil property; the Wayne oil property; and in approximately 6,684 hectares of land in the Chinook area of southern Alberta. The company is headquartered in Calgary, Canada.

forent energy ltd (FEN) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: C$173.2K
Chief Operating Officer
Total Annual Compensation: C$205.0K
Vice President of Exploration
Total Annual Compensation: C$180.0K
Vice President of Geophysics
Total Annual Compensation: C$180.0K
Compensation as of Fiscal Year 2014.

forent energy ltd (FEN) Key Developments

Forent Energy Ltd. Announces Management Changes; Renews Revolving Production Loan Facility

Forent Energy Ltd. announced Mr. Robyn Lore and Mr. Curtis Hartzler to its executive team. Mr. Lore was most recently the President and CEO of Kallisto Energy. Previously he has been a Managing Director of Rosetta Exploration Inc. and Berkana Energy Corp. and has held numerous senior positions over more than 25 years in the industry, including President of Petroland Services Ltd., Director and Corporate Secretary of New Cache Petroleum Ltd., President and Director of Aldona Resources Ltd., President of Granisko Resources Inc. and Vice-President of Heritage Oil Corporation. Mr. Lore will assume the role of President, Chief Executive Officer and Chairman of the Board of the company. In conjunction with Mr. Lore's appointment, Mr. Richard Wade will become the company's new Chief Operating Officer. Concurrent with the corporate acquisition, the Company announced Messrs. Robert Crosbie, Scott Reeves, and Richard Wade have stepped down from the Board of Directors and Messrs. Robyn Lore, Curtis Hartzler, John McLeod, and Martin Hislop have been appointed. Mr. McLeod, P.Eng., served as a director and advisor to Heritage Oil from 1999 to 2014. He has had numerous senior executive, director and advisory roles; most recently with Kallisto Energy until its recapitalization in the fall of 2014. Martin Hislop is a Chartered Accountant and retired businessman with over 30 years' experience in all aspects of financing and managing private and listed oil and gas companies, partnerships and trusts. He is founder and former CEO of APF Energy Trust, which was sold to StarPoint Energy Trust for approximately one billion dollars in June 2005. He was the President and CEO of Lakewood Energy Inc., which was created as a result of the merger of 10 limited partnership drilling funds he created beginning in 1986. He also serves on the board of Lightstream Resources. The resulting Board will now have seven members: Robyn Lore (Chairman), John Forgeron, Curtis Hartzler, Martin Hislop, John McLeod, Wayne Rousch and W. Brett Wilson. The company also announced that it has received an indicative term sheet which provides for a revolving production loan facility of up to $8,000,000. The credit facility is initially maintained at the previous renewal value of $7,000,000 and may be increased to $8,000,000, subject to the completion of this financing and further due diligence.

Forent Energy Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2015

Forent Energy Ltd. reported earnings results for the first quarter ended March 31, 2015. The company's revenues, net of royalties, for the three months ended March 31, 2015 decreased to $503,000 compared with $859,000 in the prior year quarter. As a result, first quarter 2015 funds outflow from operations was a negative $449,000 compared with a positive $150,000 in first quarter of 2014. The company's net debt at March 31, 2015, was $6.3 million compared with net debt of $5.8 million at the beginning of the year.

Forent Energy Ltd. Auditor Raises 'Going Concern' Doubt

Forent Energy Ltd. filed its Annual on Apr 30, 2015 for the period ending Dec 31, 2014. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

 

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