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 C$0.11 CAD
Change Today +0.02 / 22.22%
Volume 293.2K
As of 1:52 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

georox resources inc (GXR) Snapshot

Open
C$0.10
Previous Close
C$0.09
Day High
C$0.11
Day Low
C$0.10
52 Week High
06/23/15 - C$0.14
52 Week Low
12/11/14 - C$0.05
Market Cap
3.9M
Average Volume 10 Days
402.5K
EPS TTM
C$-0.03
Shares Outstanding
35.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GEOROX RESOURCES INC (GXR)

Related News

No related news articles were found.

georox resources inc (GXR) Related Businessweek News

No Related Businessweek News Found

georox resources inc (GXR) Details

Georox Resources Inc., a natural resources exploration company, is engaged in the acquisition, exploration, and development of petroleum and natural gas properties in western Canada. It has interests in the Silverdale property in Alberta; the Coteau Lake property in southeastern Saskatchewan and northeast Montana; and the Pouce Coupe property in the Pouce Coupe area, northwest Alberta. The company was formerly known as Oromonte Resources Inc. and changed its name to Georox Resources Inc. in August 2008. Georox Resources Inc. was incorporated in 2003 and is headquartered in Kelowna, Canada.

Founded in 2003

georox resources inc (GXR) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$90.0K
Chief Financial Officer
Total Annual Compensation: C$96.0K
Compensation as of Fiscal Year 2014.

georox resources inc (GXR) Key Developments

Georox Resources Inc. Announces Revenue and Production Guidance for the Twelve Months Ended April 30, 2015

Georox Resources Inc. announced revenue and production guidance for the twelve months ended April 30, 2015. The corporation estimates that for the twelve months ended April 30, 2015 average daily production was 185 boe/d and the average sale price was $69 per boe with a net back of $34 per boe. The corporation has rights in 7,440 acres gross (5,980 net acres) and produces from 37 wells gross (14 net wells). The corporation estimates that its current production is stable at approximately 180 boe/d, comprised of 115 boe/d of light oil, 61 boe/d heavy oil and 4 boe/d of natural gas. Production consists of 64% light oil & ngls, 34% heavy oil, and 2% solution gas. Gross oil sales for the twelve month period ending April 30, 2015 were approximately $4,663,824. Net revenues for the same period were approximately $2,465,647.

Georox Resources Seeks Acquisitions

Georox Resources Inc. (TSXV:GXR) is looking for acquisitions. The company believes that oil prices may have reached its lowest price level and that there are unique opportunities to acquire discounted assets in the immediate future. Georox is currently reviewing acquisition possibilities in prolific oil producing areas in Western Canada to bolster its assets.

Georox Resources Inc. Signs Loan Renewal Agreements with its Senior Lender

Georox Resources Inc. has signed loan commitment renewal agreements with its senior lender and its mezzanine lender, Tallinn Capital Mezzanine Limited Partnership (Tallinn). The senior lender arrangements have been extended to May 1, 2016 with an interim review on or before November 1, 2015. The senior lender facilities are demand facilities. The condition to extension by its primary lender was the repayment of $1,000,000 principal amount on the non revolving demand loan portion of its credit facility. In addition, principal payments on the revolving operating demand loan have been set at $75,000 per month. The Corporation's mezzanine lender has agreed to advance an additional $1,100,000 under its facility with the Corporation (now aggregate $3,300,000) with $1,000,000 of that amount going to pay down the Corporation's senior lender and the balance to loan commitment fees and working capital. Interest only and no principal is due during the term of the Tallinn loan. The term of the Tallinn loan is to November 30, 2015. Tallinn has agreed, in it's sole discretion, that provided the Corporation is not in default and meets certain other preconditions, and pays an extension fee of 2.25% on each occasion, to extend the loan maturity date for up to three separate six month extensions, to an outside date of April 30, 2017.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
GXR:CN C$0.11 CAD +0.02

GXR Competitors

Market data is delayed at least 15 minutes.

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

Industry Analysis

GXR

Industry Average

Valuation GXR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.9x
Price/Book 1.2x
Price/Cash Flow 1.5x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact GEOROX RESOURCES INC, please visit www.georoxresources.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.