Sector: Energy | Industry: Oil & Gas Exploration and Production |
Company Contact | |
Address: | Suite 1000, 600 - 3rd Avenue S.W. CALGARY AB T2P 0G5 |
Tel: | N/A |
Website: | https://www.birchcliffenergy.com |
IR: | See website |
Key People | ||
A. Jeffrey Tonken Chairman of the Board | Christopher A. Carlsen President, Chief Executive Officer | Bruno P. Geremia Chief Financial Officer, Executive Vice President |
Theo Van Der Werken Chief Operating Officer | Duane Thompson Vice President - Operations | Robyn Bourgeois Vice President - Legal, General Counsel, Corporate Secretary | Hue Tran Vice President - Business Development and Marketing |
Business Overview |
Birchcliff Energy Ltd. is a Canada-based intermediate oil and gas company. The Company is engaged in exploring for, developing, and producing natural gas, light oil, condensate, and other natural gas Liquids (NGLs). The Company's operations concentrated within its core area, the Peace River Arch, which is centered northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia. It is focused on natural gas and light oil drilling areas in North America. The Company is focused on the Montney/Doig Resource Play within the Peace River Arch. It has 100% interest in its Pouce Coupe Gas Plant and two oil batteries, as well as various working interests in numerous other gas plants, oil batteries, compressors, facilities, and infrastructure. Pouce Coupe Gas Plant is in the heart of the Montney/Doig Resource Play. The Gordondale property is located northwest of Grande Prairie, Alberta and consists of the properties in Gordondale. |
Financial Overview |
For the three months ended 31 March 2024, Birchcliff Energy Ltd revenues decreased 16% to C$158.3M. Net loss decreased 65% to C$15M. Revenues reflect Natural Gas Production (Cubic Feet) decrease of 3% to 34.07B cubic feet, Oil Equivalent Production Gordondale decrease of 4% to 22K barrels per day, Petroleum and natural gas revenue decrease of 22% to C$163.3M. Lower net loss reflects Avg. Production Costs Total decrease of 5% to C$8.84 per barrel. |
Employees: | 218 as of Dec 31, 2023 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $2,014M as of Mar 31, 2024 |
Annual revenue (TTM): | $670.15M as of Mar 31, 2024 |
EBITDA (TTM): | $315.15M as of Mar 31, 2024 |
Net annual income (TTM): | $37.29M as of Mar 31, 2024 |
Free cash flow (TTM): | -$204.73M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $443.27M as of Mar 31, 2024 |
Shares outstanding: | 268,578,003 as of Apr 5, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |