Detail akcie Octagon 88 Res online

Business Summary: Octagon 88 Resources, Inc. is a development-stage oil and gas company. The Company has acquired light and conventional heavy oil assets in Northern Alberta. The program schedule of the Company entails working with the operator of properties of CEC North Star Energy Ltd. to bring on production and cash flow through the company’s direct working interests, and indirect investments spread throughout the projects. The Company launched the Conventional Oil Production Division by entering into a purchase agreement to acquire its share in the Red Earth Area, which consists of four contiguous sections of P&NG leases, a ( 40 API) Keg River formation with P3 reserves of 1.2 Mill barrels light sweet crude oil recoverable. The Company acquired a 33% interest of CEC North Star Energy Ltd. (North Star).
Financial Summary: BRIEF: For the six months ended 31 December 2014, Octagon 88 Resources Inc revenues was not reported. Net loss decreased 59% to $2.2M. Lower net loss reflects Stock-based Compensation decrease of 80% to $989K (expense), Exploration expenses decrease from $29K (expense) to $0K. Basic Earnings per Share excluding Extraordinary Items increased from -$0.20 to -$0.08.