Last $0.11 USD
Change Today 0.00 / 0.00%
Volume 0.0
PGSI On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 02/25/15 All times are local (Market data is delayed by at least 15 minutes).

pegasi energy resources corp (PGSI) Snapshot

Open
$0.11
Previous Close
$0.11
Day High
$0.11
Day Low
$0.11
52 Week High
04/1/14 - $0.90
52 Week Low
02/23/15 - $0.10
Market Cap
7.4M
Average Volume 10 Days
2.0K
EPS TTM
--
Shares Outstanding
70.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PEGASI ENERGY RESOURCES CORP (PGSI)

Related News

No related news articles were found.

pegasi energy resources corp (PGSI) Related Businessweek News

No Related Businessweek News Found

pegasi energy resources corp (PGSI) Details

Pegasi Energy Resources Corporation, an independent energy company, engages in the exploration, development, production, and sale of crude oil and natural gas in east Texas oil and gas region. The company holds interests in properties that are located in Cass and Marion counties, Texas. It owns an 80% undivided interest in and operates a 40-mile natural gas pipeline and gathering system for transporting hydrocarbons. As of March 1, 2014, the company operated 20 wells. Pegasi Energy Resources Corporation is based in Tyler, Texas.

7 Employees
Last Reported Date: 03/24/14

pegasi energy resources corp (PGSI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $250.0K
Chief Financial Officer
Total Annual Compensation: $200.0K
Executive Vice President
Total Annual Compensation: $225.0K
Compensation as of Fiscal Year 2013.

pegasi energy resources corp (PGSI) Key Developments

Pegasi Energy Resources Corporation Provides Update on the Huntington #4 in Marion County, Texas

Pegasi Energy Resources Corp. provided an update on the Huntington #4 well in Marion County, Texas. Drilling reached a final depth of 9,300 ft. Production casing of 4 1/2 " was set and cemented at 9,300 ft and the drilling rig released on October 27, 2014. Analysis of the well log identified in excess of 175' of gross pay over multiple Cotton Valley and Travis Peak zones. The Huntington #4 well is the first in a planned program of ten wells to develop the Travis Peak and Cotton Valley gas/condensate and oil bearing formations at depths of up to 9,200 ft. Both vertical and horizontal wells are planned in the program to develop oil and gas resources on Pegasi's acreage in Marion County. Pacific World Energy (PWE) is financing the drilling program. Under the terms of PWE's existing participation agreement with the Company, PWE pays the full cost of drilling and completing the wells in the drilling program to earn a working interest in each well.

Pegasi Energy Resources Corporation Announces Spudding of Huntington #4 in Marion County, Texas

Pegasi Energy Resources Corporation announced the spudding of The Huntington #4 well in Marion County, Texas. At 4pm on October 6 drilling had reached a depth of 1,714 ft. The Huntington #4 well is the first in a planned program of ten wells to develop the Travis Peak and Cotton Valley gas/condensate and oil bearing formations at depths of up to 9,200 ft. Both vertical and horizontal wells are planned in the program to develop oil and gas resources on Pegasi’s acreage in Marion County. Pacific World Energy (PWE) is financing the drilling program. Under the terms of PWE’s existing participation agreement with the Company, PWE pays the full cost of drilling and completing the wells in the drilling program to earn a working interest in each well.

Pegasi Energy Resources Corporation Announces Participation Agreement for Drilling Program in East Texas

Pegasi Energy Resources Corp. announced a participation agreement with Pacific World Energy Limited for a drilling program of up to 10 wells in East Texas. In summary, the terms of the agreement are as follows: PWE pays the full costs of drilling and completing each well to earn an initial 80% working interest in each well. Once PWE has recovered 125% of the well costs, its working interest will decrease to 63.3% in the well; The initial two wells will be vertical wells with PWE earning a working interest in the leases of the 80 acre proration unit for each productive well; Following the completion of the first two vertical wells, PWE will have the option to finance further vertical wells, with each productive well earning them a working interest in the 80 acre proration unit for each vertical well or to finance horizontal wells with each productive well, earning them a working interest in the 320 acre proration unit for each horizontal well; This agreement covers a planned 10 well program to develop the shallower Travis Peak and Cotton Valley gas/condensate and oil bearing formations (< 9,200 ft) on Pegasi's acreage in Marion County; and Pegasi will operate all the wells. The Company expects to drill and complete the first well within the next 90 days.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
PGSI:US $0.11 USD 0.00

PGSI Competitors

Market data is delayed at least 15 minutes.

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

Industry Analysis

PGSI

Industry Average

Valuation PGSI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.6x
Price/Book 0.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact PEGASI ENERGY RESOURCES CORP, please visit www.pegasienergy.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.