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Last C$0.89 CAD
Change Today +0.01 / 1.14%
Volume 3.4K
TXL On Other Exchanges
Symbol
Exchange
Toronto
As of 4:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

tesla exploration ltd (TXL) Snapshot

Open
C$0.89
Previous Close
C$0.88
Day High
C$0.89
Day Low
C$0.89
52 Week High
05/4/15 - C$2.81
52 Week Low
03/27/15 - C$0.59
Market Cap
19.8M
Average Volume 10 Days
7.8K
EPS TTM
C$-1.36
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.

81 Employees
Last Reported Date: 03/17/15

tesla exploration ltd (TXL) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$293.2K
President of Tesla USA
Total Annual Compensation: C$204.8K
Senior Vice President of Tesla Canada
Total Annual Compensation: C$213.2K
Corporate Vice President
Total Annual Compensation: C$175.1K
Compensation as of Fiscal Year 2014.

tesla exploration ltd (TXL) Key Developments

Tesla Exploration Ltd. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015

Tesla Exploration Ltd. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $18,175,000 compared to $24,630,000 a year ago. Adjusted LBITDA was $1,374,000 or $0.06 per basic share against $2,039,000 or $0.09 per basic share a year ago. The improvement was due to a decrease in general and administrative costs excluding bad debt expense quarter-over-quarter. Net loss was $8,795,000 or $0.40 per basic share against $7,002,000 or $0.32 per basic share a year ago. Cash flow used in operations of $1,510,000 or $0.07 per basic share compared to $1,078,000 or $0.05 per basic share a year ago. Capital expenditures were $530,000 compared to $2,643,000 for the last year. The increase in consolidated net loss was due to the above noted decline in operating results. For the six months, the company reported revenue of revenue of $44,364,000 compared to $86,123,000 a year ago. Adjusted LBITDA was $1,357,000 or $0.06 per basic share against adjusted EBITDA of $8,018,000 or $0.36 per basic share a year ago. Net loss was $23,506,000 or $1.07 per basic share against $3,873,000 or $0.17 per basic share a year ago. Cash used in operations of $1,702,000 or $0.08 per basic share compared to cash flow from operations of $6,264,000 or $0.28 per basic share a year ago. Capital expenditures were $1,003,000 compared to $18,853,000 for the last year.

Tesla Exploration Ltd. Provides Update to its Credit Facility Renewal

Tesla Exploration Ltd. announced that it is continuing to work with its current bank lender on the annual extension of its credit facility agreement, which is normally completed in May of each year. The company has requested amendments to certain terms, including a temporary waiver of its Funded Debt to EBITDA covenant and changes to the borrowing base formula which determines its loan limits. The amendments have been requested to avoid a breach of these covenants. Tesla has also received a preliminary proposal from another party for an additional loan, which it is pursuing while concurrently working with its bank lender on the terms of the credit facility. The company expects to provide a further update regarding the credit facility and the proposed new loan, when negotiated.

Tesla Exploration Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Tesla Exploration Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, revenue was CAD 26,189,000 compared to CAD 61,493,000 in the same period last year. Net loss was CAD 14,711,000 or CAD 0.67 basic earnings per share against net earnings of CAD 3,129,000 or CAD 0.14 basic earnings per share a year ago. The increase in the consolidated net loss was due to the above noted decline in operating results. In addition, the loss was increased by the derecognition of deferred tax assets in the quarter. Adjusted EBITDA was CAD 17,000 or CAD 0.00 basic earnings per share compared to CAD 10,057,000 or CAD 0.45 basic earnings per share a year ago. The decline was due to a decrease in absolute gross margin for reasons noted above offset by a decrease in general and administrative costs quarter-over-quarter. Cash flow used in operations was CAD 191,000 or CAD 0.01 basic earnings per share compared to cash from operations of CAD 7,342,000 or CAD 0.33 basic earnings per share in the same period last year. Capital expenditures were CAD 473,000 compared to CAD 16,210,000 in the same period last year.

 

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TXL Competitors

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Company Last Change
CGG SA €4.23 EUR -0.028
Dawson Geophysical Co $4.54 USD +0.29
Petroleum Geo-Services ASA 36.19 NOK +0.08
SAExploration Holdings Inc $3.01 USD +0.08
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