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Last C$0.17 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 9:30 AM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

relentless resources ltd (RRL) Snapshot

Open
C$0.17
Previous Close
C$0.17
Day High
C$0.17
Day Low
C$0.17
52 Week High
09/3/14 - C$0.41
52 Week Low
04/23/15 - C$0.14
Market Cap
10.5M
Average Volume 10 Days
3.3K
EPS TTM
C$-0.05
Shares Outstanding
63.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for RELENTLESS RESOURCES LTD (RRL)

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relentless resources ltd (RRL) Details

Relentless Resources Ltd. acquires, explores for, develops, and produces natural gas and medium to light gravity crude oil reserves in Alberta and Saskatchewan, Canada. The company was formerly known as New Range Resources Ltd. and changed its name to Relentless Resources Ltd. in June 2010. Relentless Resources Ltd. was incorporated in 2004 and is headquartered in Calgary, Canada.

relentless resources ltd (RRL) Top Compensated Officers

Chairman, Chief Executive Officer, Member of ...
Total Annual Compensation: C$80.0K
President, Director and Member of Reserves Co...
Total Annual Compensation: C$66.7K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$62.9K
Compensation as of Fiscal Year 2014.

relentless resources ltd (RRL) Key Developments

Relentless Resources Ltd Reports Earnings and Operating Results for the First Quarter Ended March 31, 2015

Relentless Resources Ltd. reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported oil and gas revenues increased by 81% to $632,026 despite a 50% decrease in realized commodity prices between first quarter of 2015 and first quarter of 2014. At March 31, 2015, net debt was $2.64 million. Current net debt is $2.55 million on a newly expanded credit facility of $4.0 million. For the quarter, the company drilled, completed and tied in two new Glauconite horizontal wells (100% working interest) at Heathdale, Alberta. The 14-8 and 7-8-27-9 W4 wells were brought on-stream in March 2015 through a mutiwell oil treating battery. The two wells have averaged a combined rate of 185 boe/d (80% oil) total over 44 days of production and are currently producing at approximately 140 boe/d combined. The Heathdale 9-7-27-9 W4 multiwell battery is now fully operational. Approximately $3.0 million dollars was incurred drilling, completing, equipping the two horizontal wells and building the multiwell battery in winter conditions in first quarter of 2015. Heathdale production was restricted in first quarter of 2015 due to the facility construction work and spring access conditions. As of May 1, 2015 all three Heathdale horizontal wells were producing. Based on field estimates, Heathdale is currently producing 200 bbl/d of oil and 420 mcf/d of gas at 100% working interest. Daily production volumes increased by 263% to 235 boe/d from 65 boe/d in the same period last year.

Relentless Resources Ltd. Announces Audited Earnings Results for the Fourth Quarter and Year Ended and Operating Results for the Fourth Quarter Ended December 31, 2014

Relentless Resources Ltd. announced audited earnings results for the fourth quarter and year ended and operating results for the fourth quarter ended December 31, 2014. The company increased corporate production from 63 boe/d in the fourth quarter of 2013 to 260 boe/d in the fourth quarter of 2014, an increase of 310%. The increase in daily production is mainly the result of: the production from the company’s Heathdale 8-7-27-9W4 horizontal well brought onstream in October, 2014; and the acquisition of 127 boe/d of Peace River Arch conventional producing petroleum and natural gas properties in May, 2014 for CAD 3.0 million. For the quarter, the company's revenues increased 300% to CAD 1,093,891 as compared to CAD 273,166 in 2013. For the year, the company reported operating cash flow of CAD 1,536,859 and total capital expenditures of CAD 6,727,480.

Relentless Resources Ltd. Reports Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2014

Relentless Resources Ltd. reported earnings and operating results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported oil and gas revenue of $1,077,975 compared to $393,465 a year ago. Cash flow from operations was $537,754 or $0.01 per basic and diluted share compared to $168,526 or $0.01 per basic and diluted share a year ago. Comprehensive income was $388,978 or $0.01 per basic and diluted share compared to comprehensive loss of $109,042 or $0.00 per basic and diluted share a year ago. Net debt was $509,823 compared to net surplus of $194,655 a year ago. Capital expenditures, net were $1,737,930 compared to $46,353 a year ago. For the nine months, the company reported oil and gas revenue of $1,899,139 compared to $1,060,708 a year ago. Cash flow from operations was $677,926 or $0.02 per basic and diluted share compared to $597,562 or $0.02 per basic and diluted share a year ago. Comprehensive income was $108,395 or $0.00 per basic and diluted share compared to comprehensive loss of $536,723 or $0.02 per basic and diluted share a year ago. Net debt was $509,823 compared to net surplus of $194,655 a year ago. Capital expenditures, net were $5,523,567 compared to $548,086 a year ago. For the quarter, the company reported daily production of oil and NGLs of 93 bbl/d compared to 38 bbl/d a year ago. Daily production of natural gas was 744 mcf/d compared to 306 mcf/d a year ago. Daily production of oil equivalent was 217 boe/d compared to 89 boe/d a year ago. Operating netback was $34.15 per boe compared to $29.30 per boe a year ago. Cash flow from operations was $26.92 per boe compared to $20.58 per boe a year ago. For the nine months, the company reported daily production of oil and NGLs of 52 bbl/d compared to 35 bbl/d a year ago. Daily production of natural gas was 436 mcf/d compared to 259 mcf/d a year ago. Daily production of oil equivalent was 124 boe/d compared to 78 boe/d a year ago. Operating netback was $32.22 per boe compared to $28.07 per boe a year ago. Cash flow from operations was $19.95 per boe compared to $17.02 per boe a year ago.

 

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Industry Analysis

RRL

Industry Average

Valuation RRL Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.1x
Price/Book 1.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 3.1x
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