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Last $1.25 USD
Change Today 0.00 / 0.00%
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GLKFF On Other Exchanges
As of 8:10 PM 05/21/15 All times are local (Market data is delayed by at least 15 minutes).

raise production inc (GLKFF) Snapshot

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52 Week High
07/7/14 - $2.68
52 Week Low
01/20/15 - $0.41
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Current Stock Chart for RAISE PRODUCTION INC (GLKFF)

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raise production inc (GLKFF) Details

Raise Production Inc., an oilfield service company, provides artificial lift, data gathering, and management solutions to the oil and gas industry in Canada. It offers interlift optimization products, including lubricators, controllers, intermitters, hold downs, gas recirculation products, velocity tubes, and wellhead chambering products; accessories, such as dynavalves, drop tools, dynadrift casing scrapers, dynagrip wellhead hangers, dynalok running tools, dynahold/dynapacks, dynavalve electrical interface products, FFC valves, fan packers, sureshift tools, velocity tube isolation check valves, and velocity tube release subs; and compression systems, including screw, reciprocating, and scroll compressors. The company also provides Prospector, a software that is used to scan through volumes of IPL and PVR data using specific technical search criteria to find suitable liquid loaded candidate wells; and DataServe, a well management system that enables users to manage wells and optimize production. In addition, its services include training and seminars, design and manufacturing of custom solutions, engineering evaluation and consulting, and technical support. The company was formerly known as Global Energy Services Ltd. and changed its name to Raise Production Inc. in November 2011. Raise Production Inc. was incorporated in 1993 and is headquartered in Calgary, Canada.

Founded in 1993

raise production inc (GLKFF) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$150.0K
Chief Financial Officer
Total Annual Compensation: C$130.5K
Compensation as of Fiscal Year 2013.

raise production inc (GLKFF) Key Developments

Raise Production Inc. Reports Earnings Results for the Year Ended December 31, 2014

Raise Production Inc. reported earnings results for the year ended December 31, 2014. For the period, the company reported revenue $181,632 against $262,836 a year ago. Net loss &comprehensive loss was $1,685,736 against $2,593,429 a year ago. Net loss per basic & diluted share was $0.02 against $0.04 a year ago.

Raise Production Inc Auditor Raises 'Going Concern' Doubt

Raise Production Inc filed its Annual on Apr 27, 2015 for the period ending Dec 31, 2014. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Raise Production Inc Provides an Operational Update of its Horizontal Wellbore Production System

Raise Production Inc. has provided an operational update regarding its Horizontal Wellbore Production System. During the month of March, the company received the latest iteration of the part that had caused previously disclosed malfunctions in the System during test deployments. This new part has been performing successfully for over three weeks in an accelerated performance test facility that closely resembles actual wellbore conditions. This test period equates to almost 70 days in actual field time. The part is the first to be received and pass initial quality control and testing protocols and is performing as required under functional conditions. In early April, the Company received an identical part from an alternate supplier using a different manufacturing process. This part has also passed initial quality control and testing, and is now undergoing extended testing under functional conditions at the Raise facility. This test has been ongoing for a number of days. The manufacturers of both parts, although using different processes, now have the ability to produce parts that are repeatable and consistent to standards required for field operations. The company will continue to test both samples over the ensuing weeks in the test chambers and upon successful completion of these tests, the System will be readied for deployment into the industry partner test wellbore.


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Price/Sales 669.6x
Price/Book 18.1x
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