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Last C$1.29 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 4:11 PM 07/20/15 All times are local (Market data is delayed by at least 15 minutes).

petroshale inc (PSH) Snapshot

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52 Week High
09/22/14 - C$3.00
52 Week Low
12/18/14 - C$0.93
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petroshale inc (PSH) Details

PetroShale Inc. acquires, explores for, develops, and produces oil and natural gas reserves in Canada and the United States. Its principal properties include the Mondak project located in Richland County, Montana and McKenzie County, North Dakota; and the Melbby project located in Mountrail County, the MJ Angus and Antelope projects located in the Antelope area, the Stockyard Creek field located in southern Williams County, and the North Nesson Project located in the area of North Nesson in North Dakota, as well as working interests in the Colchester South Ordovician Pool unit and Colchester South 18 well located in southern Ontario, Canada. As of December 31, 2014, the company had 3.9 net PDP wells and 27 net drilling locations. PetroShale Inc. is headquartered in Calgary, Canada.

10 Employees
Last Reported Date: 03/30/15

petroshale inc (PSH) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: --
President of Petroshale (US) Inc
Total Annual Compensation: C$208.8K
Compensation as of Fiscal Year 2014.

petroshale inc (PSH) Key Developments

Petroshale Announces Production Update

Petroshale Inc. provided an estimate of current production volumes. Production has commenced from 5 gross (1.3 net) wells recently completed and tied-in to gas processing and transportation infrastructure. Total Company production, including these new volumes, is approximately 1,600 to 1,700 Boepd (1,250 to 1,320 Boepd net of royalty interest), an increase of 118% and 218% from average first quarter 2015 and fourth quarter 2014 production, respectively. The company anticipates these new wells, which form a significant portion of corporate production, will be subject to natural declines as they mature.

Petroshale Seeks Acquisitions

Petroshale Inc. (TSXV:PSH) is looking for acquisition opportunities. Petroshale believe that this strategy will enable us to take advantage of the current low oil price environment by pursuing further acquisition and development opportunities in the core.

Petroshale Inc. Reports Unaudited Consolidated Earnings and Operating Results for First Quarter Ended March 31, 2015

Petroshale Inc. reported unaudited consolidated earnings and operating results for first quarter ended March 31, 2015. For the quarter, earnings before interest, taxes, depreciation and amortization (EBITDA) was CAD 928,000 compared to CAD 204,000 for the quarter ended March 31, 2014. Net loss was CAD 2,538,000 or CAD 0.07 per share compared to a loss of CAD 554,000 or CAD 0.02 per share for the three month period ended March 31, 2014. For the quarter, the company reported record production of 757 boe/d (company interest, gross of royalty) weighted 93% to light crude oil and liquids (587 boe/d net of royalty interest), an increase of 356% compared to the same period in 2014, and an increase of 46% over the previous quarter.


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