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Last C$0.95 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 4:10 PM 04/14/15 All times are local (Market data is delayed by at least 15 minutes).

tesla exploration ltd (TXL) Snapshot

Open
C$0.79
Previous Close
C$0.95
Day High
C$0.95
Day Low
C$0.77
52 Week High
07/7/14 - C$2.89
52 Week Low
03/27/15 - C$0.59
Market Cap
21.1M
Average Volume 10 Days
4.8K
EPS TTM
C$-0.47
Shares Outstanding
22.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TESLA EXPLORATION LTD (TXL)

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tesla exploration ltd (TXL) Details

Tesla Exploration Ltd., a geophysical services company, provides specialized seismic services in North America, Europe, Africa, and internationally. The company offers three-component (3C) technologies for full wave seismic recording services. Its 3C technology facilitates its clients to acquire shear wave seismic data in addition to the pressure wave data captured and processed for seismic imaging. The company also provides various geophysical services, including survey design and management; project management/permits; seismic data acquisition; seismic data processing and reprocessing; seismic data interpretation; in-seam seismic data acquisition, processing, and interpretation; coal bed methane and gob gas assessments; borehole geophysics processing and interpretation; and site investigation geophysics acquisition, processing, and interpretation. In addition, it offers survey services, such as geophysical survey services; precision navigation and survey service support; and data processing, interpretation, and analysis of geological and archaeological resources. The company provides its services primarily to oil and gas exploration and production companies, and marine construction contractors, as well as to the mining industry and engineering firms for mining and environmental applications. Tesla Exploration Ltd. is headquartered in Calgary, Canada.

tesla exploration ltd (TXL) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$283.3K
President of Tesla Offshore LPP
Total Annual Compensation: C$221.5K
Senior Vice President of Tesla Canada
Total Annual Compensation: C$206.0K
Corporate Vice President
Total Annual Compensation: C$175.1K
Compensation as of Fiscal Year 2013.

tesla exploration ltd (TXL) Key Developments

Tesla Exploration Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Tesla Exploration Ltd. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company's consolidated revenues including reimbursables decreased 45% to $27.1 million compared to $49.2 million in 2013 due to lower activity levels for Tesla Canada and Tesla USA as many clients cut exploration budgets due to falling commodity prices. This more than offset the increase in revenue from Tesla International which received revenue from crews operating in the UK as well as Africa and from the settlement of a contract termination in Africa. Revenue excluding reimbursables also decreased 22% to $24.8 million from $31.8 million, due to the significant decrease in revenue from North American land operations. The company had Adjusted EBITDA of $5.1 million or $0.24 per basic share compared to $4.3 million $0.19 per basic share in the fourth quarter of 2013. The increase in overall margin was aided by lower general and administrative costs and the exclusion of bad debt provisions. The company had consolidated net loss of $2.4 million or $0.11 per share, a 41% decline from the consolidated net loss of $1.7 million or $0.08 per basic share in the fourth quarter of 2013. Excluding goodwill impairment, net loss for the fourth quarter was $0.3 million or $0.01 per share. The increase in Adjusted EBITDA as well as an increase in the recovery of income tax, and a stock-based compensation recovery all contributed to the improvement. Cash flow from operations was $5.8 million or $0.26 per basic share against $3.3 million or $0.15 per basic share a year ago. Capital expenditures were $5.2 million against $1.3 million a year ago. For the year, the company's revenues excluding reimbursables decreased 15% to $114.6 million from $135.4 million in 2013. Improvement in activity levels for Tesla International was more than offset by declines in activity levels for Tesla Canada, Tesla USA and Tesla Offshore. The company had Adjusted EBITDA of $11.7 million or $0.53 per basic share compared to $27.1 million or $1.21 per basic share in 2013. The decrease was due to the decreased margins reported on operations in 2014. The company had a consolidated loss of $11.5 million or $0.52 per basic share  compared to net income of $1.0 million or $0.05 per basic share in 2013. Excluding the goodwill impairment loss the consolidated loss was $9.4 million or $0.42 per share. The decrease is due to lower Adjusted EBITDA as well as increased depreciation expense related to the Hawk systems purchased in June 2013 and January 2014 and the AUV purchased in February 2014 and an increased provision for bad debts. This was partially offset by an income tax recovery as opposed to expense and a recovery of stock-based compensation. Cash flow from operations was $11.9 million or $0.54 per basic share against $26.6 million or $1.19 per basic share a year ago. Capital expenditures were $27.9 million against $21.7 million a year ago.

Tesla Exploration Ltd Names Graham Reid as Vice President-Finance, Chief Financial Officer and Corporate Secretary, Effective from January 19, 2015

Tesla Exploration Ltd. announced the appointment of Graham Reid as vice president-finance, chief financial officer and corporate secretary effective January 19, 2015. Mr. Reid has many years of service with several public companies operating in the oil & gas services sector. Mr. Reid is a Chartered Accountant and holds a Bachelor of Commerce degree from the University of Calgary.

Tesla Exploration Ltd. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Tesla Exploration Ltd. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of CAD 18,940,000 against CAD 31,812,000 a year ago. Net loss was CAD 5,177,000 or CAD 0.24 per basic share against CAD 3,701,000 or CAD 0.17 per basic share a year ago. Adjusted LBITDA was CAD 1,447,000 or CAD 0.07 per basic share against adjusted EBITDA of CAD 1,646,000 or CAD 0.07 per basic share a year ago. Cash flow used in operations was CAD 6,000 or CAD 0.00 per basic share against cash flow from operations of CAD 3,288,000 or CAD 0.15 per basic share a year ago. Capital expenditures were CAD 3,940,000 against CAD 3,074,000 a year ago. The decline in adjusted EBITDA was due to a decrease in absolute gross margin for reasons noted above along with an increase in general and administrative costs quarter- over-quarter. The company's consolidated net loss increased compared with the third quarter of 2013 due to the above noted decline in operating results. For nine months, the company reported revenue of CAD 105,063,000 against CAD 125,275,000 a year ago. Net loss was CAD 9,050,000 or CAD 0.41 per basic share against net profit of CAD 2,725,000 or CAD 0.12 per basic share a year ago. Adjusted EBITDA was CAD 6,571,000 or CAD 0.30 per basic share against CAD 22,801,000 or CAD 1.02 per basic share a year ago. Cash flow from operations was CAD 6,199,000 or CAD 0.28 per basic share against CAD 23,298,000 or CAD 1.04 per basic share a year ago. Capital expenditures were CAD 22,793,000 against CAD 20,411,000 a year ago.

 

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TXL Competitors

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Company Last Change
CGG SA €6.63 EUR -0.089
Dawson Geophysical Co $5.31 USD -0.08
Petroleum Geo-Services ASA 44.11 NOK -0.69
SAExploration Holdings Inc $3.48 USD +0.03
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Industry Analysis

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