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Last C$0.14 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 2:34 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

mobius resources inc (MBS) Snapshot

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05/14/14 - C$0.60
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mobius resources inc (MBS) Details

Mobius Resources Inc. is engaged in the acquisition, exploration, development, and production of oil and gas assets in North America. It holds interest in 72,000 net acres of land in the prolific Monterey/Kreyenhagen Oil Shale formations in San Joaquin Basin, California; approximately 55,000 acres in Alberta, which are prospective in the Duvernay and Nordegg formations; and a farm in on approximately 12,000 net acres in Montana. The company was formerly known as Zodiac Exploration Inc. and changed its name to Mobius Resources Inc. in April 2014. Mobius Resources Inc. is headquartered in Calgary, Canada.

mobius resources inc (MBS) Top Compensated Officers

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mobius resources inc (MBS) Key Developments

Mobius Resources Provides Update on Duvernay Well Program

Mobius Resources Inc. provided an update on the results of testing related to its “Guy” well which targeted the Duvernay Formation. The key parameters of the special core study and logging results were within the range of the Company’s expectations and, more significantly, within the range of published results in the Kaybob area.  While the Company did not stimulate the formation, and was unable to production test, several wells in the Kaybob area are producing in the volatile oil window from less than 30 meters of pay with similar rock properties.

Mobius Resources Inc. Announces Earnings Results for the Fourth Quarter and Year Ended September 30, 2014

Mobius Resources Inc. announced earnings results for the fourth quarter and year ended September 30, 2014. For the quarter, the company reported revenue & other income of CAD 27,000 compared to CAD 72,000 a year ago. Net loss was CAD 4,380,000 compared to CAD 949,000 a year ago. Funds from operations were CAD 119,000 compared to funds used in operations of CAD 1,619,000 a year ago. Capital expenditures were CAD 1,512,000 compared to CAD 1,048,000 a year ago. For the year, the company reported revenue & other income of CAD 3,473,000 compared to CAD 169,000 a year ago. Net loss was CAD 59,537,000 compared to CAD 4,511,000 a year ago. Funds used in operations were CAD 239,000 compared to CAD 4,349,000 a year ago. Capital expenditures were CAD 3,859,000 compared to CAD 2,133,000 a year ago.

Mobius Resources Inc. Provides an Operational Update on the Mobius Guy Well

Mobius Resources Inc. provided an operational update on the Mobius 'Guy' well. The well has been drilled to the bottom of the Ireton formation at a depth of approximately 2,600 meters, directly above the Duvernay formation and intermediate casing has been set. Mobius intends to begin coring the Duvernay over the coming days. The Company anticipates that drilling activities will be complete within one to two weeks. Mobius expects that data and interpretations from the well and special core study will be received in a staged manner beginning shortly after drilling is complete, but that full analysis will not be complete until 2 to 3 months after the end of drilling activities. The Company expects that the well will provide it with further evidence that the upper Duvernay and lower Duvernay formations, which are usually separated by a thick carbonate section in the Northern Kaybob area, are both accessible with the same horizontal well and completion in the Snipe Lake area. Mobius is a top holder of Duvernay rights in Alberta with a total of 61,120 acres of land in central Alberta, primarily in the Duvernay and Nordegg formations.


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