Adventure Energy, Inc. (ADVE) news stock charts
Adventure Energy, Inc. (ADVE/ADVE.OB) Investment Summary:
Adventure Energy, Inc. engages in the exploration, development, and production of oil and natural gas properties in the Appalachian Basin, primarily in Kentucky and West Virginia. The company focuses on the drilling and acquisition of proven developed and underdeveloped proprieties, as well as on the enhancement and development of these properties. It also operates oil and gas leaseholds, in which it owns working interest; plans to own and operate a gas gathering system in Morgan County, Kentucky; and has leasehold on 1,500 acres in Kentucky. The company was founded in 2008 and is headquartered in St. Petersburg, Florida.www.adventureenergy.com
2 Employees
Founded in 2008
ADVENTURE ENERGY INC (ADVE:OTC Bulletin Board Market)
LAST $0.08 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of 8:10 PM 03/17/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of ADVENTURE ENERGY INC (ADVE)
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OPEN
$0.08
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PREVIOUS CLOSE
$0.08
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DAY HIGH
$0.08
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DAY LOW
$0.08
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52 WEEK HIGH
04/30/09 - $0.68
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52 WEEK LOW
01/13/10 - $0.03
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MARKET CAP
1.3M
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AVERAGE VOLUME 10 D
6.4K
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EPS TTM
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SHARES OUTSTANDING
16.2M
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ADVE Does Not Pay Dividends
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P/E TTM
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Key developments for ADVENTURE ENERGY INC (ADVE)
Adventure Energy Inc., Special/Extraordinary Shareholders Meeting, Mar 19, 2010
03/4/2010
Adventure Energy Inc., Special/Extraordinary Shareholders Meeting, Mar 19, 2010, at 13:00 US Eastern Time. Location: The company corporate headquarters, 336th Street, Suite 600, St. Petersburg, FL 33701,United States. Agenda: To approve a share exchange between the corporation and Wilon Resources Inc. whereby the corporation will acquire all of the outstanding shares of Wilon and hold such company as a wholly-owned subsidiary; to approve an amendment to the corporation's Articles of Incorporation to change the name of the corporation to US Natural Gas Corp; to approve an amendment to the corporation's Articles of Incorporation to delete Article 8 thereof which states that 'all of the shares of the corporation may be subject to a shareholders' Restrictive Agreement'.
Adventure Energy, Inc. Announces Change of Auditors
01/14/2010
On January 11, 2010, the Board of Directors of Adventure Energy, Inc. dismissed Paula Morelli, CPA P.C., its independent registered public account firm. On January 12, 2010, the accounting firm of Michael T Studer CPA PC was engaged as the company's new independent registered public accounting firm. The Board approved of the dismissal of Paula Morelli, CPA P.C. and the engagement of Michael T Studer CPA PC as its independent auditor. On January 12, 2010, the Company engaged Michael T Studer CPA PC as its independent accountant.
Adventure Energy Inc. Acquires 30 Oil Wells and 2000 Acres of Leaseholds in Kentucky
11/18/2009
Adventure Energy Inc. announced that it has closed on the asset purchase agreement whereby the company acquired a total of 30 previously drilled wells, 8 producing wells, and 2000 acres of leaseholds in Kentucky. The eight producing wells will undergo minor repairs and be placed back into production immediately. The company will initiate a progressive rework program on the remaining wells and will selectively place individual wells back into production over the next 2-3 months. The company's projections are for 3-4 BOD for each of the producing wells. The company's annual revenue projection for the 8 producing wells is $350,000.
Adventure Energy, Inc. financial resources
ADVE Competitors
| Company | Last | Change | |
| No competitor information is available for ADVE. | |||
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Industry Analysis
| Valuation | ADVE | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 26.1x |
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| Price/Book | 39.3x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 2.5x |
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ADVE |
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ADVE transactions
| Type Date |
Target |
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Merger/Acquisition
March 1, 2010 |
Wilon Resources Inc. |
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Merger/Acquisition
November 5, 2009 |
KYTX Oil & Gas, LLC |
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Merger/Acquisition
September 30, 2009 |
Leasehold and Three Knox Wells in Adair County |
More Recent Financial News About Adventure Energy, Inc.
ADVENTURE ENERGY, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhib
2010-03-05 05:58:29
Quote: Entry into a Material Definitive Agreement
On March 1, 2010 the Board of Directors for Adventure Energy, Inc. a Florida
corporation (the "Company"), approved the acquisition of Wilon Resources, Inc.,
a Tennessee corporation listed on the pink sheets of the OTC. The newly acquired
Wilon will become a wholly owned subsidiary of the Company.
Under the terms of the proposed transaction, each shareholder of Wilon will
receive one share of common stock of the Company, plus one warrant to pu...Read article
Adventure Energy has deal to buy Wilon Resources
2010-03-02 08:47:43
Quote: Adventure Energy Inc. expects to acquire Wilon Resources Inc. now that the boards of directors of both firms agreed to terms of a deal.The proposal calls for each Wilon Resources shareholder to receive one share of common stock of Adventure Energy plus one warrant to purchase an additional share of stock for each share of Wilon Resources held, a release said. The warrants are exercisable for five years at a price of 25 cents.A shareholder meeting has been set for March 19 at Adventure Energy&rsq...Read article
Adventure Energy Inc. Acquires Two Previously Drilled Knox Wells in Green County, Kentucky
2010-02-19 02:37:20
Quote: The Company will continue to pursue potential leasehold acquisitions adjacent to the Faulkner lease.
"The acquisition of the Faulkner wells fits perfectly within our business model," said Wayne Anderson, President of Adventure Energy, Inc. "We will continue to acquire previously drilled wells and leaseholds with proven reserves which we believe have a strong potential for further or enhanced production. This acquisition brings our total well count up to thirteen oil and gas wells."
About Adven...Read article
Adventure Energy Inc. Acquires Two Previously Drilled Knox Wells in Green County, Kentucky
2010-02-18 01:27:59
Quote: The Company will continue to pursue potential leasehold acquisitions adjacent to the Faulkner lease.
"The acquisition of the Faulkner wells fits perfectly within our business model," said Wayne Anderson, President of Adventure Energy, Inc. "We will continue to acquire previously drilled wells and leaseholds with proven reserves which we believe have a strong potential for further or enhanced production. This acquisition brings our total well count up to thirteen oil and gas wells."
About Adven...Read article
Adventure Energy, Inc. Acquires Three Previously Drilled Wells and 104 Acre Leasehold in Hart County, Kentucky
2010-02-03 01:42:40
Quote: The Company's plans are to construct a pipeline to enable natural gas produced from this well to be sold to nearby factories or transmission lines.
"The acquisition of the Byler wells and leasehold adds to our proven reserves and allows us to develop our natural gas operations," said Wayne Anderson, President of Adventure Energy, Inc. "In addition, the leasehold grants us the opportunity for further exploration and drilling in a historically productive area."
About Adventure Energy, Inc.
Adve...Read article
Adventure Energy Inc. Acquires 30 Oil Wells and 2000 Acres of Leaseholds in Kentucky
2010-02-03 01:42:39
Quote: TheCompany’s projections are for 3-4 BOD for each of the producing wells.The Company’s annual revenue projection for the 8 producing wells is$350,000.“This acquisition complements our current portfolio of wells inKentucky," said Wayne Anderson, President of Adventure Energy, Inc. "Inaddition to the previously drilled wells, the leaseholds add anadditional 40-50 drilling locations in an area of high productivity.â€About Adventure Energy, Inc.Adventure Energy, Inc. is an i...Read article
Adventure Energy, Inc. Acquires Three Previously Drilled Wells and 104 Acre Leasehold in Hart County, Kentucky
2010-02-02 02:29:22
Quote: The Company's plans are to construct a pipeline to enable natural gas produced from this well to be sold to nearby factories or transmission lines.
"The acquisition of the Byler wells and leasehold adds to our proven reserves and allows us to develop our natural gas operations," said Wayne Anderson, President of Adventure Energy, Inc. "In addition, the leasehold grants us the opportunity for further exploration and drilling in a historically productive area."
About Adventure Energy, Inc.
Adve...Read article
ADVENTURE ENERGY, INC. Files SEC form 8-K, Changes in Registrant's Certifying Accountant, Financial Statements and Ex
2010-01-15 03:00:36
Quote: Item 4.01Changes in Registrant's Certifying Accountant
On January 11, 2010, the Board of Directors (the "Board") of Adventure Energy,
Inc. (the "Company") dismissed Paula Morelli, CPA P.C., its independent
registered public account firm. On January 12, 2010, the accounting firm of
Michael T. Studer, CPA, P.C. was engaged as the Company's new independent
registered public accounting firm. The Board approved of the dismissal of Paula
Morelli, CPA P.C. and the engagement of Mic...Read article
ADVENTURE ENERGY, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhib
2009-12-30 04:18:34
Quote: Item 1.01Entry into a Material Definitive Agreement
On September 4, 2009, Adventure Energy, Inc. (the "Company") entered
into a Lender Acquisition Agreement (the "Agreement") with SLMI Holdings LLC
("Holdings") and SLMI Options, LLC ("Options"). Pursuant to the Agreement, the
Company acquired all of the outstanding ownership units (the "Ownership Units")
of Options from Holdings. The purchase price of the Ownership Units is as
follows: (A) a pro...Read article
Adventure Energy Inc. Acquires Leasehold and Three Knox Wells in Adair County, Kentucky
2009-11-30 08:49:33
Quote: The wells willthen be placed back on pump for commercial production of oil."The acquisition of the Adair County project further complements ourproven reserves and overall production," said Wayne Anderson, Presidentof Adventure Energy, Inc. "The leasehold we have acquired presents uswith several identifiable new drilling locations in addition to thepreviously drilled wells.â€About Adventure Energy, Inc.Adventure Energy, Inc. is an independent energy company principallyengaged in the acquisit...Read article
ADVENTURE ENERGY, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial
2009-11-30 08:49:32
Quote: Entry into a Material Definitive Agreement.
On September 25, 2009, Adventure Energy, Inc, a Florida corporation (the
"Company") entered into a Securities Purchase Agreement with Tangiers Investors,
LP ("Tangiers") dated as of September 24, 2009. Pursuant totheSecurities
Purchase Agreement, theCompanymay,atits discretion,periodicallysell
toTangiers sharesofthe Company's common stock for a total purchase price
of up to $3 million. For each share of common stock purchased under...Read article
Adventure Energy Inc. Executes Joint Venture to Rework Four Knox Wells in Kentucky
2009-11-30 08:49:31
Quote: Each of the four wells produced onaverage 2-3 BOD prior to being shut-in."This is a significant opportunity for our Company as it opens the doorfor further exploration and development in an area with historicallyhigh production," said Wayne Anderson, President of Adventure Energy,Inc. "It is our intention to commence operations on this project duringthe month of November, with production and revenue generation seenshortly thereafter."About Adventure Energy, Inc.Adventure Energy, Inc. is an indep...Read article
A New Audio Interview with Wayne Anderson, President of Adventure Energy, Inc., is now at SmallCapVoice.com
2009-11-30 08:49:31
Quote: ADVEhttp://smallcapvoice.com/blog/10-30-09-audio-interview-with-adventure-energy-inc-otcbb-adve/.http://www.smallcapvoice.com/services.html.About Adventure Energy, Inc.Adventure Energy, Inc. is an independent energy company principallyengaged in the acquisition, exploration and development of maturelong-lived oil and natural gas properties. The company's currentoperations are concentrated in the Appalachian Basin within the statesof Kentucky and West Virginia.Safe Harbor Statement: The Private S...Read article
ADVENTURE ENERGY, INC. Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial
2009-11-30 08:49:31
Quote: Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
Year
On October 21, 2009, Adventure Energy, Inc. (the "Company") filed amended and
restated articles of Incorporation (the "Restated Articles") with the Secretary
of State of Florida. Pursuant to the Restated Articles, the Company increased
its authorized capital to authorize the issuance of 200,0000,000 shares of
common stock, par value $0.001 and 5,000,000 shares of preferred stock, par
value $...Read article
Adventure Energy Inc. Acquires 30 Oil Wells and 2000 Acres of Leaseholds in Kentucky
2009-11-30 08:49:30
Quote: TheCompany’s projections are for 3-4 BOD for each of the producing wells.The Company’s annual revenue projection for the 8 producing wells is$350,000.“This acquisition complements our current portfolio of wells inKentucky," said Wayne Anderson, President of Adventure Energy, Inc. "Inaddition to the previously drilled wells, the leaseholds add anadditional 40-50 drilling locations in an area of high productivity.â€About Adventure Energy, Inc.Adventure Energy, Inc. is an i...Read article
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