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Last C$0.62 CAD
Change Today +0.02 / 3.33%
Volume 3.0K
TVL On Other Exchanges
Symbol
Exchange
Venture
OTC US
As of 11:05 AM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

traverse energy ltd (TVL) Snapshot

Open
C$0.62
Previous Close
C$0.60
Day High
C$0.62
Day Low
C$0.62
52 Week High
06/12/14 - C$1.45
52 Week Low
03/23/15 - C$0.60
Market Cap
42.9M
Average Volume 10 Days
41.8K
EPS TTM
C$-0.08
Shares Outstanding
69.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TRAVERSE ENERGY LTD (TVL)

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traverse energy ltd (TVL) Details

Traverse Energy Ltd. is engaged in the exploration, development, and production of petroleum and natural gas in Canada. The company has interests in the areas of Coyote, Willow, Hanna, Turin, and Brazeau in the province of Alberta. As of March 31, 2014, its undeveloped land holdings consisted of 173,700 net acres. The company was formerly known as Firstland Energy Limited and changed its name to Traverse Energy Ltd. in June 2009. Traverse Energy Ltd. was incorporated in 1995 and is headquartered in Calgary, Canada.

13 Employees
Last Reported Date: 04/15/15
Founded in 1995

traverse energy ltd (TVL) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: C$188.8K
Compensation as of Fiscal Year 2014.

traverse energy ltd (TVL) Key Developments

Traverse Energy Ltd. Announces Earnings and Production Results for First Quarter Ended March 31, 2015; Provides Exploration and Development Expenditure Guidance for the Year of 2015

Traverse Energy Ltd. announced earnings and production results for first quarter ended March 31, 2015. For the quarter, the company reported loss of $0.56 million against profit of $0.75 million a year ago. Loss per share was $0.01 against profit per share of $0.01 a year ago. Cash flow was $1.74 million against $2.60 million a year ago. Cash flow per share was $0.03 against $0.04 a year ago. Revenue was $3.51 million against $4.54 million a year ago. Capital expenditures were $2.32 million against $6.96 million a year ago. For the quarter, the company reported oil and NGLs of 627 BBL per day compared to 455 BBL per day a year ago. Average production was 1,116 boe per day, which is 48% more than during the same timeframe last year as a result of drilling in the Coyote and Michichi areas. For 2015, the company reduced its 2015 exploration and development budget by 53% to $15 million, which will still accommodate expected drilling for the year that will continue to focus on light oil projects at Coyote and Michichi in southern Alberta as financed by cash flow and new equity issues or debt where appropriate.

Traverse Energy Ltd. Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Production Results for the Fourth Quarter and Full Year Ended December 31, 2014

Traverse Energy Ltd. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported petroleum and natural gas revenue of CAD 5,508,000 compared to petroleum and natural gas revenue of CAD 4,055,000 for the same period a year ago. Cash provided by operations was CAD 3,473,000 compared to CAD 2,723,000 last year. Funds from operations were CAD 3,420,000 or CAD 0.05 per basic and diluted share compared to CAD 1,958,000 or CAD 0.04 per basic and diluted share last year. Net loss was CAD 6,358,000 or CAD 0.10 per basic and diluted share compared to net income of CAD 27,000 last year. Capital expenditures, net of dispositions was CAD 7,725,000 compared to CAD 5,482,000 last year. For the year, the company reported petroleum and natural gas revenue of CAD 19,717,000 compared to petroleum and natural gas revenue of CAD 14,674,000 for the same period a year ago. Cash provided by operations was CAD 10,182,000 compared to CAD 10,594,000 last year. Funds from operations were CAD 11,556,000 or CAD 0.18 per basic and diluted share compared to CAD 9,914,000 or CAD 0.20 per basic and diluted share last year. Net loss was CAD 4,570,000 or CAD 0.07 per basic and diluted share compared to net income of CAD 3,245,000 or CAD 0.07 per basic and diluted share last year. Capital expenditures, net of dispositions was CAD 30,821,000 compared to CAD 14,875,000 last year. The company reported production results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported production of 1,249 (boe/d) compared to production of 787 (boe/d) for the same period a year ago. For the year, the company reported production of 975 (boe/d) compared to production of 680 (boe/d) for the same period a year ago.

Traverse Energy Ltd., Annual General Meeting, May 20, 2015

Traverse Energy Ltd., Annual General Meeting, May 20, 2015., at 10:00 Mountain Daylight. Location: Calgary Petroleum Club. Agenda: To receive the audited financial statements of the corporation for the financial year ended December 31, 2014; to elect the board of directors for the ensuing year; to appoint KPMG LLP, Chartered Accountants, of Calgary, Alberta, as auditors of the corporation, at a remuneration to be fixed by the board of directors; to consider and, if thought appropriate, to pass, with or without variation, an ordinary resolution approving the stock option plan of the corporation; and to transact such other business as may be properly brought before the meeting or any adjournment or adjournments thereof.

 

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